National Institute Of Bank Management

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National Institute of bank management is one of the reputed institutes situated in Pune, Maharashtra. It was established in 1969 by the Reserve bank of India and banks. It is a research and training institute,  which offers a good placement opportunity to its students. It offers a full-time Postgraduate diploma in management ( PGDM) program in banking and financial services. Many people join this institute to build their career in these streams.  

It is one of the apex institutes in the field of banking and finance. The college provides good jobs to its students. It mostly provides core finance profiles. The placement of the student is also dependent on his academic records if he/she is highly intellect than surely they will get a higher package from campus placement.

The campus is 62 acres big with minimum distractions and pollution. It has all the facilities such as A/C, auditorium, computer lab, wifi, Gym, medical facilities, etc. If you are looking forward to building your career in the financial sector than NIBM is a very good option as it can give your aspirations a good start. Also, the return on investment is high. The college is well known in its field of banking and financial services.

The key points of the institute are highlighted below:

  • Research and training institute
  • Established by RBI
  • Well reputed apex institute
  • Provides splendid placements to its students

In the national institute of bank management Pune, the quality of education is good as most of the students reviewed it as a great place of learning. The institute is good in terms of ranking. The average CTC offered to its students is 10 lakhs. The students who are 8 pointers get the highest packages from the campus placements.

For the purpose of admissions, NIBM uses CAT/XAT/CMAT/ATMA  Scores for short-listing candidates. The candidate must hold a bachelor’s degree with at least 50% marks or equivalent CGPA. The candidate who is looking forward to joining the institute can also apply online through the official website nibmindia.org.

Students can further check the eligibility criteria on the official college website. Nibmindia.org. It is a good college for students who want to make their career in banking and finance. Also many big and reputed companies like KPMG, HSBC, ICRA visit the college for the purpose of placements.

The placement rate of the college is 100%. It has:

  • 100% placements
  • Higher rate of return
  • AICTE Approval
  • And good connections in the banking industry.

Like every other reputed college Nation institute of bank management also has a cutoff system on the basis of which it offers admission to the aspiring candidates who want to enter the banking industry. The national institute of the bank management cutoff list comes out every year.

The college accepts CAT and CMAT scores of the candidates according to the following structure:

CMAT

Category2019 Cut-off by %ile
General80%ile
OBC80%ile
SC80%ile
ST80%ile
Economically Weaker Section80%ile

CAT

Section2019 Cut-off by %ile
VRC25%ile
DILR25%ile
QA25%ile
Total50%ile

They charge fees term wise. The fees charged for the PGDM Program for 2019-2021 is as follows: 

The placements at the National institute of bank management are the best part. Almost all of its students get placed that too with good companies. The packages offered to the candidates are also impressive. The median package was of around 9 Lakhs whereas the highest package was around 16 lakhs and the lowest package was of 6 lakhs according to the Shiksha student review. Which is pretty impressive.

Hence, if you want to build a career in banking than this institute is highly recommendable.

The college offers its Post Graduate Diploma in Management (PGDM) program in banking and financial services. It grooms it, students, in such a manner that almost all of them get placed with good companies. The college is AICTE approved. The students reviewed the course curriculum as best suited. 

There are certain requirements that need to be fulfilled in order to get admission to the national institute of bank management, Pune. If the aspirant fails to fulfill these requirements then he/she will not get admission to the college. The  eligibility criteria to get admission with the institutes is as follows:

  • When you have the required score in CAT/XAT/ATMA/CMAT.
  • The final selection depends upon writing ability and personal interview
  • Intake of 120 seats
  • 50% marks in graduation
  • Application fee charges are of INR 1500

It is advised to fill the admission form very carefully without missing any relevant information.

The ranking of the national institute of bank management has always been good. The college comes under Tier 1 colleges of MAT. According to Times B School, it ranks on #81 among best management institutes. Many of the top recruiters visit the college for placements. It is worth pursuing your MBA from.

The contact information for redressal of further queries of National institute of bank management, Pune is as follows:

  • Address-       NIBM Post Office, Kondhwe Khurd Pune 411 048, 
  • INDIA Fax:          0091-20-26834478
  • Phone no-     0091-20-26716000
  • Official website- http://nibmindia.org/

FAQs

Is NIBM Pune a good institute?

NIBM, Pune is an apex institute that offers it PGDM program for the aspiring candidates. The institute offers 100% placement to its student. It has a huge campus and is a great place of learning. It offers its program in two different streams which are Banking and financial services. The college has a good reputation and is worth joining.

✅ How do I join NIBM?

There is a whole process of joining the college. The college has eligibility criteria for those who want to take admissions. It accepts CAT/XAT/CMAT/ATMA scores. You can visit its official website nibmindia.org to know the admission criteria.

✅ What is the average package of NIBM?

The average package is of 10 lakhs for the students

✅ What is the full form of NIBM?

National Institute of bank management is the full form of NIBM.

✅ Is NIBM UGC approved?

Yes, the college is approved by the Union Grant Commissions. It falls under the purview of the Ministry of Industry and Commerce.

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About the Author

Rachit believes in the power of education and has studied from the top institutes of IIIT Allahabad, IIM Calcutta, and Francois Rabelias in France. He has worked as Software Developer with Microsoft and Adobe. Post his MBA, he worked with the world’s # 1 consulting firm, The Boston Consulting Group across multiple geographies US, South-East Asia and Europe.

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