National Insurance Academy- NIA Balewadi Pune Answered Questions

The overall average package for the PGDM batch passing out in 2023 was INR 12.50 LPA. Further, the average package for the top 10% of the offers was INR 18 LPA. Tabulated below is the National Insurance Academy Pune average package:ParticularsPlacement Statistics (2023)Average packageINR 12.50 LPATop 10% average packageINR 18 LPATop 50% average packageINR 14.94 LPATop 75% average packageINR 13.86 LPA

The list of recruiters that participated during NIA Pune placements 2024 for recruiting the PGDM batch is mentioned below:NIA Pune Placements 2024: Top RecruitersTATA AIAIffco-TokioKotak General InsuranceMahindra Insurance BrokersSBI General Insurance CompanyTATA AIGHDFC ErgoBajaj Allianz General Insurance CompanyIndia First Life InsuranceGo Digit General Insurance Ltd.Marsh India Insurance Brokers Pvt. Ltd.Aon

As per the latest report, 29 recruiters from diverse sectors participated in the PGDM placement drive 2023-24. This included 11 first-time recruiters. The table below represents the number of recruiters that were part of National Insurance Academy Pune placements 2024:ParticularsPlacement Statistics (2023)Total recruiters29New recruiters11

According to unofficial sources, a large share of National Insurance Academy Pune alumni work in the Finance sector with a 19% share. The other top sectors that involve the majority of alumni are Business Development and Sales. The detailed sector-wise distribution of alumni is presented in the table below:SectorPercentage of AlumniFinance19%Business Development16%Sales15%Education13%Operations10%Research10%Others17%NOTE: The sectors involved in the 'Others' category are Customer Success and Support, Consulting, and Administrative.

Some of the popular job profiles offered to students during National Insurance Academy Pune placements are mentioned below:NIA Pune Placements: Job ProfilesUnderwriting ManagerClaims ManagerActuarial AnalystBusiness AnalystRisk AnalystManager – Product Development & PricingBusiness Development ManagerSales & MarketingTechno-Marketing

During 2023 PGDM placements, 98 students were placed successfully. In 2022 the number of students placed was 91. Looking at the past three years' data (2021 to 2023), a fluctuating trend was recorded in the number of students placed. The National Insurance Academy Pune placement trend in terms of number of students placed is depicted below:Particulars202120222023No. of students placed929198

General Insurance emerged as the top recruiting sector with 54.50% of the batch placed in it. This was followed by the Insurance Brokers sector with 20% of the PGDM batch placed. The table below illustrates the sector-wise distribution of National Insurance Academy Pune placements 2024 for PGDM:SectorPlacement Percentage (2024)General Insurance54.50%Insurance Brokers20%Life Insurance14.50%IT/ ITES7%Health Insurance1.50%Reinsurance1.50%Consulting1%The institute has also released the number of companies from diverse sectors that participated in the 2024 drive. Over 71 companies participated from the General Insurance sector. The snip below showcases the sector-wise number of recruiters:Source: Official Placement Brochure 2024-25

Greetings to you too!
With your excellent academic record and work experience in the IT field, you have a good chance of getting into a reputed business school for MBA. Both CAT and CMAT are good options to consider for admission to MBA programs in India.
CAT is a national-level exam conducted by the Indian Institutes of Management (IIMs) for admission to their MBA programs and other top B-schools in India. CMAT is also a national-level exam conducted by the National Testing Agency (NTA) for admission to various MBA and PGDM programs in India.
While both exams have their own specific format and syllabus, they both test similar skills such as quantitative aptitude, verbal ability, data interpretation, and logical reasoning. It's a good idea to research both exams and choose the one that aligns with your strengths and preferences.
In addition to the entrance exam scores, B-schools also consider other factors such as academic performance, work experience, extracurricular activities, and personal interview performance during the admission process. Therefore, it's important to focus on building a strong overall profile to maximize your chances of getting into your preferred B-school.
Good luck with your exam preparation and MBA application!
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PGDM offers core business units, such as underwriting, claims management, product development, reinsurance, actuarial department, and so on. They can also work for the insurance industry work for IT firms that provide marketing, reinsurance, and profile services, as well as risk manager profiles, and so on. To learn more please visit https://www.itm.edu/post-graduation-diploma-management