National Insurance Academy- NIA Balewadi Pune Answered Questions

You have an advantage in getting a call from the National Insurance Academy (NIA), Pune, thanks to your stellar academic record of 64.6% in the 10th grade, 72.6% in the 12th, 58.6% in the B.Com., 62% in the M.Com., and an outstanding 88.36 percentile in the CMAT. Although NIA takes into account a comprehensive assessment that encompasses academic achievement, admission exam results, and additional elements such as job experience and performance in interviews and group discussions, your CMAT percentile is a strong point. You should highlight your M.Com. performance and CMAT percentile in your application, though, as your graduation score is marginally below the industry standard of 60%, which institutions frequently favour. 

The highest salary package offered by the National Insurance Academy (NIA) in Pune, which had a 100% placement rate in the most recent placement cycle, was INR 22 Lacs annually. The average annual pay package was INR 12.30 lakh, while the median was INR 11.70 lakh. Bajaj Allianz, Swiss Re, Accenture, and TATA AIA Life Insurance were among the prominent recruiters.

The institute has released the average package details for the PGDM batch 2022-24. The overall average package stood at INR 12.30 LPA. Furthermore, the average package for the top 10% and top 50% offers was INR 16.05 LPA and INR 14.10 LPA, respectively. The table below depicts the NIA Pune average package 2024:ParticularsPlacement Statistics (2024)Average package (overall)INR 12.30 LPATop 10% average packageINR 16.05 LPATop 50% average packageINR 14.10 LPATop 75% average packageINR 13.18 LPA

The key highlights of National Insurance Academy placements 2024 are tabulated below:Particular PGDM Placement Statistics (2024)Placement rate100%Highest packageINR 22 LPAAverage packageINR 12.30 LPAMedian packageINR 11.70 LPATop 10% average packageINR 16.05 LPATop 50% average packageINR 14.10 LPATop 75% average packageINR 13.18 LPATotal recruiters29New recruiters11PPOs received 57

You need to fill out the appropriate portion of the NIA PGDM admissions form with your CMAT results. You can leave it blank or use a placeholder that says "score awaited" if you haven't gotten your score yet. Make sure you adhere to the institution's scoring requirements and submit your score as soon as it becomes available. The processing of your application depends on the timely and accurate submission of your score.

The projected CMAT cutoff percentile for NIA Pune is greater than 75. The weightage given to various components during selection is shown below. 1. Previous academic record: 20%. 2. Performance in CAT/CMAT: 50% 3. Performance in GD/PI: 30% 4. Relevant work experience (those candidates with relevant work experience will be given preference during the interview). So, while the above work experience gives you a slight advantage, if your academic and GD/PI performance is good, you can convert this.

National Insurance Academy- NIA and IMT Nagpur - Institute of Management Technology both are renowned universities for MBA/PGDM. However, in terms of affordability, National Insurance Academy- NIA is a better option since the total tuition fee for National Insurance Academy- NIA is INR 1,100,000 and the total tuition fee for MBA/PGDM at IMT Nagpur - Institute of Management Technology is INR 1,427,000.
In the total fees that students generally end up paying the university or the college, various other components are also included, such as the exam fee, application fee, lab and other charges.

The average salary package received by students after completing MBA/PGDM from National Insurance Academy- NIA is INR 1,250,000. While, the average salary offered by SIES College of Management Studies after completion of MBA/PGDM is INR 550,000 - INR 679,000. Basis these stats, National Insurance Academy- NIA is a better option compared to SIES College of Management Studies on the average salary parameter.

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by Indira Institute of Management - IIMP after completion of MBA/PGDM is INR 500,000 - INR 680,000. Basis these stats, National Insurance Academy- NIA is better option compared to Indira Institute of Management - IIMP on the Median salary parameter.

The median salary package offered to the students after finishing MBA/PGDM from National Insurance Academy- NIA is INR 1,300,000. While, the Median package offered by SIES College of Management Studies after completion of MBA/PGDM is INR 750,000. Basis these stats, National Insurance Academy- NIA is better option compared to SIES College of Management Studies on the Median salary parameter.