National Insurance Academy School of Management : MBA Admissions 2008

[k_patel]

Friends .... Pour in your queries regarding MBA(2008-2010) admissions @ National Insurance Academy School of Management ( NIASOM ), Pune
Visit : NIA & NIA SOM for more info.

[pinaksaraf]

Hi,

Does NIA consider only the overall percentile in CAT or do we have to clear the sectional cutoffs set by them?

Plz reply

Thanks
Pinak

[jotindubey]

i hve scored 93.3%ile in sept mat and my expected cat 07 score is 35..do i hve a chance for niasom?

[k_patel]

I m extremely sorry for very delayed reply. Was very busy with final and summer placements.

Yeah coming back to your queries :

1. NIASOM considers only CAT overall percentile.

2. Last year's cut off was 70 %ile ... this year you can expect it to move up a lil bit because of increasing number of students taking CAT and increasing number of applicants at NIASOM. Let's say around 75%ile will suffice ... but it won't fatch you a a GD?PI slot on first 2 days when the probability of selection is very high due to weightage given to CAT %ile.

Best Luck.

Do revert back if you have more queries ....

[Shruti Rohatgi]

Dear Patel

I had posted similar issue in one of my earlier post in another thread but i didnt got any reply so, i am hoping to get some suggestion this time.

I am MBA Aspirant from Gurgaon. I am working in IndusInd Bank from past 1 1/2 yrs. I have a interest in banking & insurance sector. Can some of the seniors of NIA SoM throw some more light on NIA SoM MBA Course as a whole and also about Placements, fees, foreign study tour, hostel facilites for girls.

I heard about NIA SoM, Pune last year from one of college senior who is working in Prudential, Singapore.

Waiting for response

Shruti

[070706]

[FONT='Arial','sans-serif']MBA insurance grads raking in bigger moolah [/font]
[FONT='Times New Roman','serif']Vishwas Kothari | TNN [/font]

[FONT='Verdana','sans-serif']Pune: Management graduates specialising in insurance are making the most of the rapid growth being witnessed by the insurance sector in the country. This is reflected in the rising graph of their annual pay packages offered at campus placement in specialist institutions like the National Insurance Academy (NIA), Pune. [/font]
[FONT='Verdana','sans-serif'] This year, the highest pay pack bagged by an NIA school of management (NIASOM) student touched Rs 8.5 lakh per annum — up from the Rs 7 lakh per annum highest mark during last year’s recruitment exercise. [/font]
[FONT='Verdana','sans-serif'] The average salary package, too, has gone up significantly from Rs 4.5 lakh to Rs 6.3 lakh per annum, over the last two years. Last year, the same [/font]
[FONT='Verdana','sans-serif']was Rs 5.5 lakh. At the lower end, the minimum package was Rs 4.75 lakh, which again is up from Rs 3 lakh per annum last year. [/font]
[FONT='Verdana','sans-serif'] Fourteen companies, including multinational insurance brokers, reached NIA’s campus at Balewadi on December 4, for this year’s recruitment from the class of 2008, comprising 58 students. [/font]
[FONT='Verdana','sans-serif'] “Each student was eyed by more than one company as we had a total of 96 offers. The entire batch got picked up on day zero itself,” NIA director K.C. Mishra told TOI on Monday. [/font]
[FONT='Verdana','sans-serif'] While a majority of these students got picked up by proper insurance firms, 15 were recruited by insurance brokers and two by infotech (IT) companies with insurance as one of their business verticals. [/font]
[FONT='Verdana','sans-serif'] “This marks a shift from last year’s recruitment when IT firms had an upper hand,” NIA placement in-charge Smita Totade said. “A recruitment slowdown due to factors like the rupee-dollar equation, may be the cause behind lesser IT firms reaching us this year,” she added. [/font]
[FONT='Verdana','sans-serif'] The NIA, established in 1980 jointly by the Union government and public sector companies — Life Insurance Corporation and the General Insurance Corporation — has grown from training senior insurance industry executives to a premier establishment, catering to the insurance education needs of India and 64 other countries from Asia and Africa. [/font]
[FONT='Verdana','sans-serif'] It made a foray into management education by starting a two-year MBA (Insurance) programme in 2004, to meet the growing requirement of qualified skillset. The programme offers a dual specialisation, i.e. one in life or non-life (general) insurance and other in either of four functional areas — finance, marketing, IT and human resources. [/font]
[FONT='Verdana','sans-serif'] Post-opening up of the Indian insurance sector in 2000, the number of public and private sector insurance firms has gone up to over 25 from five that initially operated in the life and non-life segments. [/font]
[FONT='Verdana','sans-serif'] “Demand for skillset is bound to go up heavily over the next five years, considering the new entrants as well as continuing mergers and tie ups,” said Totade. So far, the Insurance Regulatory and Development Authority (IRDA) has issued over 260 broker licences, which includes 10 multi-national companies (MNCs), she said. [/font]
[FONT='Verdana','sans-serif'] The demand is particularly high in core operation areas such as insurance underwriting, which involves complex tasks like market risk assessment and pricing; insurance product development wherein people with actuarial science know-how play a vital role; and overall risk management, she said. [/font]
[FONT='Verdana','sans-serif'] Delhi-based health insurance firm Milliman India recruited three of the NIASOM students specialising in actuarial know-how, she added. [/font]
[FONT='Verdana','sans-serif'] With 12 accepted offers, Reliance General Insurance accounted for the highest recruits at NIASOM this year, followed by nine each recruited by the ICICI Prudential Life Insurance and Reliance Life Insurance. [/font]
[FONT='Verdana','sans-serif'] “Students usually tend to go for core insurance firms although, other foreseen factors like monetary packages and exposure in global market, drives some to consider IT firms and multinational brokers for a career,” Totade said. Times of India-Pune-19-12-07[/font]

[070706]

NIA has been awarded grade A by the National Assessment and Accreditation Council(An autonomous institution of the UGC).Please visit NAAC - National Assessment and Accreditation Council for further details.
http://naacindia.org/Accreditation_43EC_22DEC-07.doc (At number 12)

[k_patel]

Originally Posted by Shruti Rohatgi

Dear Patel

I had posted similar issue in one of my earlier post in another thread but i didnt got any reply so, i am hoping to get some suggestion this time.

I am MBA Aspirant from Gurgaon. I am working in IndusInd Bank from past 1 1/2 yrs. I have a interest in banking & insurance sector. Can some of the seniors of NIA SoM throw some more light on NIA SoM MBA Course as a whole and also about Placements, fees, foreign study tour, hostel facilites for girls.

I heard about NIA SoM, Pune last year from one of college senior who is working in Prudential, Singapore.

Waiting for response

Shruti

Hello Shruti,

Our MBA is dual specialization : So u choose either Life insurance or General Insurance PLUS either Finance or Marketing.
Placements report has already been posted here so you can go through it. If you need more info feel free to post your queries.
Fees is 5 lacs .. including hostel & food but excluding laptop. So you just need to invest in a laptop afeter paying 5 lacs.
Hostel facility is excellent ... Infrastructure of NIA is one of the very finest in india.

And it's not that ours is the only insurance prog in India. But doing MBA in Insurance from an Insurance institute (rather than doing it from any other general bschool) makes more sense.

I hope I have attempted all of ur queries. Best Luck.

[Shruti Rohatgi]

Dear Patel

I have sent NIA SOM mba application form on 29th Dec. but last date being 31st Dec.if by chance my form reaches after that date will NIASOM accept my form.
Please reply soon.

Shruti

[k_patel]

Originally Posted by Shruti Rohatgi

Dear Patel

I have sent NIA SOM mba application form on 29th Dec. but last date being 31st Dec.if by chance my form reaches after that date will NIASOM accept my form.
Please reply soon.

Shruti

Dear Shruti,

Don't worry .. all the forms have been accepted. Best Luck.