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IIRM: Courses, Fees, Admission 2024, Placements, Cutoff, Reviews

  • Public/Government Institute
  • Estd. 2002
Dark Clock Icon Last updated on 7 Jun '24

IIRM
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IIRM Highlights 2024

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Commonly asked questions
On Highlights

Q:   Can I join Institute of Insurance and Risk Management directly?

A: 

IIRM offers a 2-year Post Graduate Diploma in Management (PGDM) under various specializations, such as Financial Services & Banking, Human Resource Management, Finance, Business Analytics, Actuarial Sciences, Risk Management, Data Science & Analytics, International Marketing, and Insurance.

To join IIRM directly, you need to have a bachelor’s degree with minimum 50% marks in any discipline from a recognised university. You also need to have a valid score in any of these entrance exams: CAT/ MAT /XAT/GMAT/CMAT/ ATMA/ CET. The final selection is based on the performance in the entrance exam score and personal interview.

Hope this information helps you.

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Q:   What is the highest package at IIRM Hyderabad?

A: 

During the 2024 placements, the highest package stood at INR 15.40 LPA, which was almost 18% higher in comparison to the highest salary offered in 2023. Looking at the past three years' statistics (2022 to 2024), a fluctuating trend was recorded in the IIRM Hyderabad the highest package, which is depicted below:

ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)
the highest packageINR 14.97 LPAINR 13 LPAINR 15.40 LPA
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Q:   How is IIRM Hyderabad for placements?

A: 

The institute has successfully placed the 2024 batch. The highest and average packages stood at INR 15.40 LPA and INR 8.39 LPA, respectively. Check the complete insights of IIRM placements 2024 from the table below:

ParticularsPlacement Statistics (2024)
Highest packageINR 15.40 LPA
Average packageINR 8.39 LPA
Lowest packageINR 6 LPA
Placement rate98%
Placement batch strength107
Students placed104

NOTE: The 2024 placement session is ongoing.

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Q:   Is MBA/PGDM at IIRM worth the investment?

A: 
{Source: MBA/PGDM students & alumni}

After analyzing the reviews and feedback from students and alumni, here's a summary of the key points:

Placement Record:
* Approximately 100% of students get placed (with some batches having a slightly lower placement record)
* the highest salary package offered: INR18 Lacs - INR1.80 crore
* Average salary package offered: INR7.5 Lacs - INR10 lakh
* Top recruiting companies include Marsh, Deloitte, AON, HDFC ERGO, SBI General Insurance, and more
* Roles offered include management trainee, corporate sales, tax consultant, risk compliance officer, and more

Faculty and Course Curriculum:
* Faculty members are highly qualified and knowledgeable with industry expertise
* Course curriculum is updated regularly to align with emerging industrial needs
* Subjects covered include actuarial science, risk management, insurance, marketing, and more

Infrastructure and Facilities:
* Campus infrastructure is modern and well-equipped with amenities like Wi-Fi, libraries, computer labs, and recreational facilities
* Hostel facilities are comfortable with options for single-sharing and double-sharing rooms
* Mess food is available, and canteens are hygienically managed

Student Feedback:
* Students appreciate the supportive faculty and staff
* Reviewers praise the college's emphasis on practical knowledge and industry exposure
* Some reviewers mention that the college could improve its cultural activities and events

Based on these factors, it appears that an MBA/PGDM degree from IIRM can be a worthwhile investment for those interested in pursuing a career in insurance, risk management, or related fields. While individual experiences may vary, overall, students seem to benefit from the college's strong industry connections, faculty expertise, and robust placement record.
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Q:   Is IIRM - Institute of Insurance and Risk Management a good college for MBA?

A: 

IIRM - Institute of Insurance and Risk Management boasts an impressive overall rating of 4.5 out of 5 . The majority of reviewers, accounting for 75%, rate the institute between 4 and 5 stars, indicating high satisfaction levels.

Component Ratings:

    Placements: With a rating of 4.6 out of 5, the institute demonstrates excellence in facilitating job placements for its students.
    Infrastructure: Scored at 4.3 out of 5, indicating satisfactory facilities and resources available to students.
    Faculty & Course Curriculum: Achieved a rating of 4.6 out of 5, showcasing high-quality teaching and the relevance of the curriculum.
    Crowd & Campus Life: Received a commendable rating of 4.4 out of 5, suggesting a vibrant campus atmosphere and positive student experiences.
    Value for Money: Rated at 4.6 out of 5, indicating that students perceive the education offered by IIRM as highly valuable relative to the fees paid.

Overall, IIRM emerges as a highly regarded institution for MBA programs specializing in insurance and risk.

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IIRM Admission Process and Important Dates 2024

MBA/PGDM Admissions 2025

5 Courses6 months-2 years
Accordion Icon V3
Check Circle Icon V2Eligibility
  • Undergraduate Degree with 50% aggregate
  • Accepting Exams: MAT, XAT, CAT, CMAT, ATMA
Calendar IconImportant dates
DatesEvents
5 Nov '24 - 24 Nov '24
CAT 2024 admit card downloadOngoing
24 Nov '24
CAT 2024 exam
7 Sep '24 - 30 Nov '24
MAT 2024 Registration Process CBT 1Ongoing
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Commonly asked questions
On Admissions

Q:   When is Institute of Insurance and Risk Management application forms out?

A: 

IIRM offers a 2-year Post Graduate Diploma in Management (PGDM) under various specializations, such as Financial Services & Banking, Human Resource Management, Finance, Business Analytics, Actuarial Sciences, Risk Management, Data Science & Analytics, International Marketing, and Insurance.

The application forms for various courses offered by IIRM are available online. You can apply form by following ways:

Online Application Form: This is the official website of IIRM, where you can fill in your details and pay a fee of Rs. 500/- to apply for any course. 

Apply – IIRM Hyderabad: This is another website of IIRM, where you can find more information about their courses and programs. You can also download offline application forms and send them by post or email.

Institute of Insurance and Risk Management: IIRM Downloads: This is a third-party website that provides various downloads related to IIRM, such as prospectus, entrance test hall ticket, re-evaluation examination form, placement brochure, etc.

Hope this helps you.

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IIRM Cutoff 2024

MBA/PGDM CAT Cut Off 2023: Year-Wise percentileAccordion Icon V3
Post Graduate Diploma in Management (PGDM) - IIRM : CAT percentile Cutoff (General-All India)
Section202120222023
Overall505050
Quants252525
VA-RC252525
DI-LR252525
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Commonly asked questions
On Cutoffs

Q:   What is the minimum cutoff for MBA at Institute of Insurance and Risk Management 2023?

A: 

The minimum cutoff for IIRM Hyderabad is as follows:-

PGDM insurance:- 50 percentile. 

PGDM marketing:- 50 percentile

PGDM finance:- 50 percentile

PGDM HR management:- 50 percentile

PGDM financial services and insurance management:- 50 percentile.

These are the minimum percentiles for the exams, and you should atleast score these marks in order to come in the cutoff for IIRM Hyderabad. 

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Q:   Where can a candidate check Institute of Insurance and Risk Management cutoff 2024?

A: 

Cutoff for the Institute of Insurance and Risk Management can be checked on IIRM Hyderabad's official website. There is proper information given on the official website about every thing that a student wants to ask.There is an admission section in the official website, which consists of information related to cut off of current as well as previous years. If you want to know about other things also like placement, etc you can check the official website. 

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Q:   What is the latest cutoff information for MBA at Institute of Insurance and Risk Management?

A: 

To get MBA programme at the Institute of Insurance and Risk Management is pretty easy.

You just need around 25 marks in each of the three sections—VRC, DILR, and QA—for the CAT exam, and an overall cutoff of 50 percentile.

And but with just few efforts, you could get into this college.

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IIRM Placements 2024

Top Recruiters

Deloitte
Marsh
IBM
Wells Fargo
Accenture
BAJAJ Allianz
Reliance General Insurance
UTI Mutual Funds
Exide Life Insurance
Invesco
pwc
ICICI
TATA
SBI General insurance
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Commonly asked questions
On Placements

Q:   Who were the recruiters at IIRM Hyderabad placements?

A: 

The renowned companies that visited the institute campus over the past few years are mentioned below:

IIRM Hyderabad Placements: Top Recruiters

Deloitte

IBM

Wells Fargo

Marsh

Accenture

IFFCO Tokio General Insurance Company Limited

S&P Global

Axis Bank

DXC Technology

HDFC Bank

L&T Infotech 

New India Assurance

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Q:   What is the average package offered at IIRM Hyderabad?

A: 

The IIRM Hyderabad average package offered to the 2024 passing out batch stood at INR 8.39 LPA. Earlier, the average package offered to the 2023 batch was INR 8.37 LPA. The table below depicts the IIRM Hyderabad MBA average package trends:

Particulars

Placement Statistics (2022)

Placement Statistics (2023)

Placement Statistics (2024)

Average package

INR 7 LPA

INR 8.37 LPA

INR 8.39 LPA

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Q:   Where are IIRM Hyderabad alumni working?

A: 

According to unofficial online sources, a large share of IIRM Hyderabad alumni is placed in the Finance sector with a 29% share. The other top sectors that involve the majority of alumni are Business Development and Operations. The pie chart below illustrates the detailed sector-wise distribution of alumni:

IIRM Hyderabad Alumni
NOTE: The sectors involved in the 'Others' category are Research, Customer Success and Support, Education, Information Technology, Engineering, etc.
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Q:   What was the highest package offered during the IIRM placements 2024?

A: 

The overall highest package offered to the PGDM students during IIRM Hyderabad placements 2024 was INR 15.4 LPA. Further, the average package offered to students stood at INR 9.23 LPA. The institute boasts a dedicated placement cell that organises placement drives, internship programmes, and training programmes for students.

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Q:   What is the placement rate at IIRM Hyderabad?

A: 

As per the official website, 98% of the batch was placed during the 2024 drive. Earlier, the placement rate for the 2023 batch stood at 100%. In 2022, the placement rate recorded was 100%. The table below represents the IIRM Hyderabad placement rate trends for the past three years:

ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)
Placement rate100%100%98%
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IIRM Rankings 2024

MBA/PGDM RankingAccordion Icon V3
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On Rankings

Q:   What are the rankings of IIRM Hyderabad?

A: 

IIRM Hyderabad is one of the best B schools in Hyderabad.  The institute has been ranked by several organisations. India Today has ranked it 5 under the 'Top B Schools' category in South India. Further, Outlook ranked it 16 among all the Government B Schools in India. IIRM has also been ranked by the Fortune India 2023 as the 5 best B school in Hyderabad.

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IIRM
College comparison

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Compare IIRM with other similar colleges

MBA/PGDM
PG Diploma
CollegeMedian SalaryTotal Tuition FeesRanking

IIRM

-/-₹ 1 L - 9.5 L#19 Outlook, 2024

IPE Hyderabad

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₹ 7.6 LPA₹ 5.8 L101-125 NIRF, 2023

Symbiosis National Aptitude Test, Hyderabad

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₹ 10.45 LPA - 10.5 LPA₹ 6.8 L - 19.4 L -/-

GITAM Business School Hyderabad

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₹ 4.6 LPA₹ 10.19 L -/-

ICFAI Hyderabad

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₹ 8.23 LPA₹ 1.8 L#39 NIRF, 2024

Vignana Jyothi Institute of Management

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₹ 6 LPA₹ 8 L#32 Times, 2023
The values are of the latest years available with Shiksha. For more details, check detailed comparison
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IIRM
Students Ratings & Reviews

4.5/5
Verified Icon17 Verified ReviewsInfo Icon
Placement Review IconPlacements4.5
Infrastructure Review IconInfrastructure4.3
Faculty Review IconFaculty & Course4.6
Crowd Review IconCampus Life4.4
Money Review IconValue for Money4.5
R
Rohit Kumar Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2025
4.8
5Placements5Infrastructure5Faculty4Crowd & Campus Life5Value for Money
Ideal for those aspiring to excel in Insurance and Risk Management.
Placements: The institute boasts an outstanding placement cell, excelling in connecting students with top recruiters like Marsh India Insurance Brokers Private Limited, Mahindra Insurance Brokers, HDFC, Kotak, and Deloitte. The comprehensive Summer Internship program ensures every student secures valuable industry experience, gaining real-time insights. This two-month internship opportunity further enhances students' skills and understanding, preparing them for successful careers in their respective fields.
Infrastructure: IIRM features a Wi-Fi-enabled campus, well-equipped with computer labs, classrooms, and a library housing extensive reference books and subscribed journals. The institute offers quality hostel facilities with daily housekeeping, and the mess serves tasty, healthy food based on the student committee-approved menu.
Faculty: IIRM boasts an exceptional faculty, comprising highly qualified professionals with industry expertise, guiding students towards their destinies. The institute consistently updates its curriculum to align with emerging industrial needs, ensuring students meet industry standards and become industry-ready.
Other: India's rising global prominence is accompanied by accelerated growth in the insurance sector. Amid this pivotal phase, the opportunities for Insurance and Risk Management Graduates are evident. IIRM stands as the premier institute offering PGDM in Insurance and Risk Management, producing top-notch management trainees to meet the industry demands.
Reviewed on 26 Feb 2024Read More
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S
Subramanyam Potla Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2025
4.6
5Placements4Infrastructure5Faculty4Crowd & Campus Life5Value for Money
IIRM is the Top-Notch institute in Insurance and Risk domains.
Placements: This institute has a good placement cell, which is excellent in its work. The top recruiting companies include Marsh Insurance brokers, Mahindra insurance brokers, HDFC group, Kotak, Deloitte, etc. Every student will get the internship opportunity to work with industry, gain real-time experience, and gain industrial insights during the 2 months of the summer internship programme.
Infrastructure: IIRM is a Wi-Fi-enabled campus with a computer lab, good classrooms, and a library with a large number of volumes of reference books and subscribed journals. The institute provides good hostel facilities with daily housekeeping services. The mess provides tasty and healthy food with a student committee-decided menu.
Faculty: IIRM had excellent, highly qualified, and knowledgeable faculty with industry experience who could help the students pave the path for their destiny. The institute continuously upgrades its course curriculum according to emerging industrial requirements, which will help the students meet industrial standards and make them industry-ready.
Other: India is becoming a country of growing importance in every aspect across the globe. The country is in its best phase now. During this period of growing importance, the insurance sector is growing at a faster rate than before. This clearly shows the opportunities ahead for the insurance and risk graduates. IIRM is the premier institute offering the PGDM in Insurance and Risk Management and providing the best management trainees to the industry.
Reviewed on 25 Feb 2024Read More
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A
AnonymousVerified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2021
3.8
3Placements4Infrastructure4Faculty4Crowd & Campus Life4Value for Money
Review for the PGDM from the IIRM, HYDERABAD.
Placements: The placements cell of IIRM tries it's best for the students placements. Around 40–45% of the students get placed at the IIRM. The average package offered for the BBA course was between 4 and 6 LPA. Companies like Deloitte, Accenture, Zoho, Capgemini, etc. visit the college for placements.
Infrastructure: IIRM had a really big and beautiful campus. The infrastructure available for the PGDM course at this college was good. The facilities of the college were of good quality and properly maintained by the college management. Wi-Fi, labs, library, canteen, hostel, sports, medical, and other necessary facilities were provided to the students. The facilities offered in the hostel were also of good quality.
Faculty: The faculty for the PGDM course was well qualified and knowledgeable at the IIRM Hyderabad. Teachers at the college were helpful and supportive of the students. Professors were giving placements and internship training to the students. The course curriculum followed at the college was relevant, and it made the students industry-ready. Exams at the college were not hard to pass for our course.
Reviewed on 11 Jun 2024Read More
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C
Chada Sesha Sai Iswarya Balaram Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2025
4.4
4Placements4Infrastructure5Faculty5Crowd & Campus Life4Value for Money
Complete Review Of IIRM.
Placements: Currently, the placement rate stands at approximately 90% for the batch of 2022-24. The highest salary package offered reaches 1,800,000, while the lowest salary offered was 7LPA. Notably, MARSH and DELOITTE are the prominent recruiting companies. I am delighted to share that I have secured an internship position in a highly esteemed company, as assured by the institute. I am grateful for the opportunity to be a part of this institute and contribute to the development of my career.
Infrastructure: The food service quality they offer is exceptional, and the curriculum is constantly updated to prioritize practical knowledge for students. The hostel provides both 2-share and 3-share rooms, along with a well-maintained mess offering a menu that includes both North and South Indian cuisine.
Faculty: The instructors possess excellent qualifications, and the exchange of knowledge occurs on a daily basis. This MBA program has been meticulously designed to equip students with the necessary knowledge and skills to thrive in today's fiercely competitive business environment. It covers a wide range of topics, including corporate governance, business model innovation, strategy execution, and strategic analysis.
Reviewed on 20 Feb 2024Read More
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S
Sai Revanth Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2024
4.6
5Placements4Infrastructure5Faculty4Crowd & Campus Life5Value for Money
Review of the Institute of Insurance and Risk Management.
Placements: Placements are very well done; most of the senior students are placed. The highest package is 16 LPA, and the least is around 6 LPA. The top recruiters are from the Insurance sector and Banking sector, offering a wide range of roles. The top recruiters are from Marsh, Niva Bupa Health Insurance, AON, HDFC ERGO, SBI General Insurance, etc.
Infrastructure: The college offers good infrastructure with good hostel facilities. There is an option for Double and Triple Sharing of rooms in the hostel. There are facilities like Gym, Badminton Court, Recreation room with TV, Table tennis room, etc., for refreshing.
Faculty: The faculty is very good in their respective domains, and there is expertise in every domain offered by the college. The college offers a specialized course in Actuarial with good faculty. The curriculum is quite similar to the industry's needs and requirements, offering Trimester courses.
Other: The college conducts an annual program called WeBhinn, where students can showcase their talents in cultural and sports events.
Reviewed on 15 Feb 2024Read More
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S
Sri khushaal Yarlagadda Verified Icon
Post Graduate Diploma in Management (PGDM) - Batch of 2022
5
5Placements5Infrastructure5Faculty5Crowd & Campus Life5Value for Money
Best MBA/ PGDM college in India Best place to learn, grow and develop professionally.
Placements: There was 100% Placements for 2022 batch students, starting from 15 Lacs per annum onwards and most of the pioneer companies have arrived for placements this year. Most of the students got pre placement offer through their internships which were paid internship starting from 40,000 stipend per month.
Infrastructure: College infrastructure is amazing, and wonderful precisely memorable and pleasant environment of the college, especially hostel Life was most wonderful life at IIRM. Hostel can be rated as 5 star hostel due to the ambience, and other facilities such as Wi-Fi, TV and tt room, laundry facility. Overall its a great place to learn and grow professionally.
Faculty: Faculty are the best at this college compared to any other colleges in Hyderabad and any other metropolitan city MBA colleges, well-equipped with knowledge, and experience. Curriculum is dynamic, and well designed to student for their contemporary world and technology.
Other: One of the unique courses are been facilitated at IIRM college, well established with best of the student life atmosphere. Every 3rd Saturday of november is the most memorable day of every student at IIRM. College conducts fest called webin Every year with the current batch students. That reminds every beautiful moments of the college.
Reviewed on 28 Dec 2022Read More
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IIRM Courses and Fees 2024

Accordion Icon V3
CoursesTuition FeesEligibility
MBA/PGDM(5 courses)
1 L - 9.5 L
Graduation : 50 %
Exams : MATXAT+3 More
PG Diploma(1 course)
2 L
– / –
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Commonly asked questions
On Fees and Eligibility

Q:   Can I get into Institute of Insurance and Risk Management MBA with 70% in class 12th?

A: 

YES! You can get admission in the IIRM Hyderabad with 70% in 12th class. You should have a bachelor's degree with minimum 50 percent  in any discipline form a recognised university. You also should have a valid score in the entrance exams like CAT/MAT/XAT/GMAT/ATMA/CMAT/STATECETS/IIRM CET.

If you writing your final exams then also you can apply, the admissions will be based on the test scores followed by interview. 

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Q:   What entrance exam scores are accepted by Institute of Insurance and Risk Management for admission?

A: 

You should have a minimum of 50 percent in your CAT, CMAT etc. This is the minimum score you should have scored in your entrance exams in order to take admission in any PGDMs. The college accepts scores of exams like CAT/MAT/XAT/GMAT/ATMA/CMAT/STATEcets/IIRM CET etc. After qulaifying in the cutoff you will be imterviewed to get the admission. 

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Q:   What is the eligibility criteria for MBA at Institute of Insurance and Risk Management?

A: 

The following is the eligibility criteria to take admission in IIRM Hyderabad. 

1.You should have atleast 50 percent in your bachelor's degree in any discipline from a recognised university. 

2.You should have passed any one of the exams like CAT, MAT, XAT, CMAT, ATMA.with 50 percent in order to qualify for the cutoff. 

3.After cutoff you will be interviewed personally and finally you will get admission for your respective specialization. 

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Q:   What are the fees for PG Diploma programmes at Institute of Insurance and Risk Management?

A: 

The cost for PG Diploma programs at the Institute of Insurance and Risk Management is INR 9,27,000.

 This covers the tuition fees, and there are some extra fees during admission.

 Additionally, students need to pay INR 2,00,000 for hostel, food, and other facilities.

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IIRM
Scholarships 2024

Accordion Icon V3

Scholarships are available for students with good academic back-ground and high scores in National Entrance Tests (CAT/MAT/ XAT).

IIRM Infrastructure

Hostel

Labs

Others

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Commonly asked questions
On Infrastructure

Q:   How is life at Institute of Insurance and Risk Management?

A: 

College Events: Occasionally, Institute of Insurance and Risk Management hosts a variety of extracurricular activities. There are structured competitions such as declamations, debates, and symposiums. Every significant holiday is observed. All in all, it's enjoyable to be in college.
Campus Life: The fundamental amenities needed for education are also included in the campus infrastructure. There are large, air-conditioned conference rooms available. The learning process is aided by contemporary audiovisual equipment. There is a library with an extensive selection of resources. Language and IT labs are also available.

Admission: The results of the CAT, MAT, GMAT, and CMAT exams are used to determine admission. A round of interviews follows in order to narrow down the pool of prospects. 

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IIRM Departments

IIRM FAQs

Q:   What is the fee for UG courses at Institute of Insurance and Risk Management?

A: 

There are no UG Or under graduate courses at IIRM. There are only Diploma and PG or post graduate cources available. The fees for the available courses are as follows:-

1.Post graduate Diploma in management:- Rs 950000/- for full course. 

2.International PGD in general insurance:- Rs 100000/- for full course. 

3.International PGD in risk management:- Rs 100000/- for full course. 

4.international PGD in life insurance:- Rs:- 100000/- for full course. 

5.Online Executive PG Diploma in Acturial Science:- Rs 200000/- for full course. 

6.Online  International post graduate Diploma in Reinsurance:- 125000 for full course. 

 

 

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Q:   Does Institute of Insurance and Risk Management offer better placements than ISTTM Business School?

A: 

Institute of Insurance and Risk Management (IIRM) and ISTTM Business School both offer good placements for their students. However, there are some differences in the placement statistics of both institutes are:

IIRM claims to have a 100% placement record for its 2022 batch students, with an average package of Rs. 15 LPA and a the highest package of Rs. 40 LPA. Some of the top recruiters that visited IIRM for placements are Axis Bank, Deloitte, Accenture, TATA and IBM. IIRM is also approved by AICTE and recognised by IRDAI.

WhileISTTM Business School also guarantees a 100% placement rate for its students, with an average package of Rs. 3.8 to 4 LPA and a the highest package of Rs. 7.2 LPA. Some of the top recruiters that visited ISTTM for placements are Amazon, HCL, Airtel, Facebook, TATA and more. ISTTM is also accredited by NAAC with ‘A’ grade.

Hope this information helps you.

 

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Q:   What is the salary offered during IIRM Hyderabad placements?

A: 

IIRM Hyderabad MBA average package has improved over the past three years of placements (2022 to 2024). On the other hand, the highest package has been fluctuating over the years. See the table below showcasing the IIRM placement package trends:

Particulars

Placement Statistics (2022)

Placement Statistics (2023)

Placement Statistics (2024)

Highest package

INR 14.97 LPA

INR 13 LPA

INR 15.40 LPA

Average package

INR 7 LPA

INR 8.37 LPA

INR 8.39 LPA

Lowest package

INR 5 LPA

INR 6 LPA

INR 6 LPA

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Q:   What is the placement package offered at Institute of Insurance and Risk Management?

A: 

As per the latest placement report, the IIRM Hyderabad the highest package for the 2024 drive stood at INR 15.40 LPA. Further, the IIRM average package and the lowest package offered were INR 9.23 LPA and INR 7 LPA, respectively. Check the table below to know the IIRM Hyderabad placement packages for the past three years:

ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)
the highest packageINR 14.97 LPAINR 13 LPAINR 15.40 LPA
Average packageINR 8.23 LPAINR 8.37 LPAINR 9.23 LPA
the lowest packageINR 6 LPAINR 6.50 LPAINR 7 LPA
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Q:   What is the effectiveness of the placement cell for MBA/PGDM programs at IIRM?

A: 
{Source: MBA/PGDM students & alumni}

Effectiveness of Placement Cell for MBA/PGDM Programs at IIRM

Based on the reviews and feedback from students and alumni, here's an overview of the effectiveness of the placement cell at IIRM:

* High Placements Rate: According to the students, around 40-45% of students get placed through the placement cell.
* Good Package Offers: The average package offered ranges between INR4-6 Lacs per annum (LPA).
* Top Recruiting Companies: Reviewers mention that top companies like Deloitte, Accenture, Zoho, Capgemini, and others visit the college for placements.
* Internship Opportunities: Students get opportunities to work with industries through internships, gaining real-time experience and insight.
* Industry Ready: Alumni praise the curriculum's relevance to industry needs, making graduates "industry ready".
* Placement Cell Efforts: Reviewers appreciate the efforts put forth by the placement cell to connect students with potential employers.

Here's a summary of the key takeaways regarding the placement cell at IIRM:

* High placements rate: 40-45%
* Good package offers: INR4-6 Lacs per annum
* Top recruiting companies: Deloitte, Accenture, Zoho, Capgemini, etc.
* Internship opportunities: Real-time experience and industry insights
* Industry readiness: Curriculum aligned with industry needs
* Placement cell efforts: Active efforts to connect students with employers
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Q:   Is IIRM Hyderabad worth joining?

A: 

In terms of placements, the institute has maintained its record of 90% above placement percentage. During 2022 placements 90% of the MBA batch 2020-22 was placed. Further, the average package and the highest package stood at INR 9 LPA and INR 15 LPA, respectively. Tabulated below are the key highlights of IIRM Hyderabad placements 2022:

ParticularsPlacement Statistics (2022)
No. of participating students64
Placement percentage90%
Average packageINR 9 LPA
the highest packageINR 15 LPA
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Q:   Are there any scholarship programmes for UG courses at IIRM - Institute of Insurance and Risk Management?

A: 

Unfortunately the scholarship is not for everyone. Only for the students who are merit. If you think you are good at academics you can take the scholarship test in the scholarship deparment of the college. However if you are facing problem with paying fees you can apply for education loan. Here you can apply for the education loan if your financial conditon was not good. 

The educational loan is approved only when you meet the eligible requirements.

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Q:   What is unique about Institute of Insurance and Risk Management?

A: 

Offering a customised curriculum and industry-specific experience, the Institute of Insurance and Risk Management (IIRM) is distinguished by its specialised focus on insurance and risk management. It has a close integration with the industry, which promotes practical experience and possible internships. Professionals from the sector make up the faculty, guaranteeing students will get useful knowledge. The institute's focus on practical instruction efficiently prepares students for the challenges in these sectors. It puts an emphasis on innovation and research while educating students about current business trends. IIRM offers a comprehensive education in insurance and risk management with a curriculum tailored to industry demands.

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Q:   Is Institute of Insurance and Risk Management good for MBA?

A: 
  • For MBA candidates interested in a career in finance, particularly in the areas of insurance, risk management, actuarial science, and business analytics, the Institute of Insurance and Risk Management (IIRM) is a good choice.
  • AICTE-approved and IRDAI-recognized, IIRM offers a two-year Post Graduate Diploma in Management (PGDM) program.
  • There are nine specializations available in the program, and the curriculum is updated frequently to meet the changing demands of both academia and industry. In addition, IIRM boasts cutting-edge facilities, a committed career advancement cell, a capable academic council, and knowledgeable faculty.
  • India Today ranked IIRM 120th among MBA programs in 2023. Among the top IIRM recruiters are Deloitte, Accenture, HDFC Bank, and Kotak Mahindra, etc. 
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Q:   Which branch is best in MBA at Institute of Insurance and Risk Management?

A: 

The Institute of Insurance and Risk Management's "Insurance" division would probably be a good option considering the institute's expertise in this area. Selecting a branch that corresponds with the institute's area of competence enhances the likelihood of success because the curriculum and resources are customised for the particular sector.
Risk management and insurance are thriving industries with lots of room for expansion, so those who want to be successful in the area should consider pursuing these careers. Your chances of acquiring the specialised knowledge and pertinent skills that are in demand in the insurance and risk management industries are increased when you select a branch that is in line with the institute's key competencies.

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Q:   Is Institute of Insurance and Risk Management best in Hyderabad?

A: 

IIRM Hyderabad is one the best Institute of Hyderabad. It is ranked #120 out of 272 in India, #7th in Hyderabad. According to India today's rankings It is ranked as 2nd in Hyderabad (Govt. B-schools), 6th in the South zone and 29th in India. So by seeing these ranking we can say that it one of the best college of Hyderabad where you can make your bright carrer. The rank of the college is good and the college is best for you if you want to take admission. 

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Q:   How are PG Diploma placements at Institute of Insurance and Risk Management?

A: 

The job placements for the PG Diploma at the Institute of Insurance and Risk Management were really good.

 In 2022, everyone got a job, and the highest salary offered was 15 LPA.

 Companies like SBI General Insurance, ICICI Lombard, and HDFC Ergo hired students from our batch.

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Q:   What are the top Scholarships for MBA at Institute of Insurance and Risk Management and how to avail them?

A: 

The Institute of Insurance and Risk Management (IIRM) in Hyderabad offers scholarships to students on merit-cum-means basis. The scholarship ranges from 10% to 100% and depends on annual income, and the academic performance. The institute provides limited number of scholarships every year (around 6-8 per year per department). To apply for the scholarship, the eligible candidates must submit the necessary documents as proof of their income and academic achievements.

Other sources of scholarships for MBA students interested in insurance and risk management are the University of Cincinnati Lindner College of Business and the Carl H. Lindner III Center for Insurance and Risk Management. They provide significant scholarships to support achievement-oriented students with demonstrated superior academic and leadership abilities, who are engaged in the study of insurance, risk management, and/or certified financial planning at either the undergraduate or graduate levels. 

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Q:   What are people's opinions on Institute of Insurance and Risk Management for MBA?

A: 

The opinions for IIRM Hyderabad are mostly positive. People have given positive opinions for factors like placement, infrastructure, courses, faculty etc. The rating which people have gave to this college is 8.5 out of 10 on an average. People have reviewed that it is one of the best colleges of India. The main thing that people have rated the best is the campus life and placement, the highest package is 15lpa and average is 9 LPA which is a good amount. So if you want to take admission in this college it will be a good choice. 

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Q:   What was the highest package offered at Institute of Insurance and Risk Management?

A: 

The highest package offered at Institute of Insurance and Risk Management (IIRM) Hyderabad was INR 15 LPA in 2022. The average package was INR 9 LPA. In 2021, the highest package was comparatively lesser and the amount stood at INR 10 LPA. Some of the top recruiters were XL Dynamics India Pvt. Ltd., DXC Technology, and Deloitte.

IIRM Hyderabad Placement Report:

ParticularsPlacement Statistics (2021)Placement Statistics (2022)
No. of participating students9164
Students placed88N/A
Placement percentage98%90%
the lowest packageINR 3.60 LPAN/A
Average packageINR 5.10 LPAINR 9 LPA
the highest packageINR 10 LPAINR 15 LPA

Hope this may help you.

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Q:   Does Institute of Insurance and Risk Management accept MAT score?

A: 

The Institute of Insurance and Risk Management (IIRM) in Hyderabad accepts MAT score for admission to its Post-Graduate Diploma in Management (PGDM) program. The candidates are required to have a relevant score in the exams named CAT/MAT/XAT/GMAT/ATMA/CMAT/State CET for admissions to the institute. The cutoff for MAT score varies depending on the course and category of the candidates. For example, the cutoff for PGDM Insurance is 50 percentile.

IIRM,  MAT Cutoff 2023:

Courses
2023
Cutoff By Percentile
2022
Cutoff By Percentile
PGDM Finance
5050
PGDM Human Resource Management
5050
PGDM Actuarial Science
5050
PGDM Banking, Financial services & Insurance Management
5050
PGDM Data Science & Analytics
5050
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Q:   How many students can do a PG Diploma at Institute of Insurance and Risk Management?

A: 

In the PG Diploma at the Institute of Insurance and Risk Management,

each group has around 60 students,

and there are a total of 4 groups or sections in the institute.

Overall batch size is not that big and is descent also faculty to student ratio is well maintained in the college 

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Q:   What entrance exam scores does Institute of Insurance and Risk Management accept for admission to MBA?

A: 

To join the MBA programme in IIRM, the Institute looks at scores from exams like CAT, MAT, XAT, and GMAT, as well as your previous academic performance.

For the Postgraduate Diploma in Management, they choose students based on how they perform in the Personal Interview.

So, the overall process is quite similar to other colleges including IIM's XLRI etc.

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Q:   Is MAT required for MBA at Institute of Insurance and Risk Management?

A: 

If you want to take admission at IIRM Hyderabad of MBA course, you should have atleast 50 percent in your graduation.

 You also should have passed any of the following exams (MAT, XAT, CAT, CMAT, ATMA). So if you score minimum 50 percent in any of these exams you can get qualified for the cutoff in order to take admission. So not only MAT but you can give the above exams too. 

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IIRM

Student Forum

chatAnything you would want to ask experts?
Write here...

Answered 3 hours ago

The 2024 batch placement strength comprised 107 students. Out of which 104 were placed. Earlier, 97 out of 105 students were placed during the 2023 drive. Check the IIRM Hyderabad placement trends from the table below:

ParticularsPlacement Statistics (2022)Placement Statistics (2023)Placement Statistics (2024)
Placement batch strength64105107
Students placed6397104

A

Aarushi Kalra

Contributor-Level 10

Answered 4 months ago

IIRM Hyderabad is a government institute and a joint initiative of the Insurance Regulatory and Development Authority of India and the Telangana State Government.  It was established by IRDAI, a regulatory body under the Government of India, and the Telangana State Government.

 

A

Anushka Mendiratta

Contributor-Level 10

Answered 5 months ago

IIRM Hyderabad is visited by many top companies during placements. The institute regularly organises placement drives for its students. The top recruiters at IIRM Hyderabad are mentioned below:

IIRM Hyderabad Top Recruiters
DeloitteICICI BankHDFC Life
TVS CreditSBIPWC
IBMBajaj AllianzVerisk Analytics

H

Hemansh Bhardwaj

Contributor-Level 10

Answered 5 months ago

IIRM Hyderabad has a dedicated placement cell to look after all the placement-related activities of the institute. In 2024, the overall the highest package offered at the institute stood at INR  INR 15.40 LPA. Moreover, the highest package offered across all PGDM specialisations ranged between INR 1

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H

Hemansh Bhardwaj

Contributor-Level 10

Answered 7 months ago

The MBA placements  of Institute of Insurance and Risk Management in Hyderabad are  good. The institute has a strong placement record of around 90% or more of students being successfully getting placement each year. The average salary/ CTC package was around INR 9 LPA and  the highest package reache

...more

A

Aniket Saw

Contributor-Level 7

Content authored by:

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Anya Singh

Updated on Jun 7, 2024

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