National Insurance Academy- NIA Balewadi Pune Answered Questions

For the 2023 placement drive, it was observed that the average package for PG Diploma students at National Insurance Academy (NIA) in Pune is INR 12.50 LPA. This is the same as if it refers to the mean remuneration given to Post Graduate Diploma in Management (PGDM) learners of NIA. Furthermore, during this time frame, INR 13 LPA was the median package. The figures clearly demonstrate how competitive are average salaries paid to graduates from NIA’s PG Diploma course.

To determine the minimum CMAT (Common Management Admission Test) score required for converting, several factors need to be considered, including the individual’s academic background, work experience, and the specific institution they are targeting. The following paragraphs will provide an overview of the CMAT score conversion and its requirements.First, let’s discuss the CMAT scoring system. The CMAT is a standardized entrance examination conducted in India for admission to various management programs. It consists of four sections: Quantitative Techniques & Data Interpretation, Logical Reasoning, Language Comprehension, and General Awareness. Each section has a maximum score of 40, and the total score ranges from 200 to 800.Considering your academic profile, you have completed 10th and 12th standard with 71.25% and 73.83% respectively, and have a B.Com degree with a 60% score. You also have 2.5 years of work experience. These factors will significantly impact the minimum CMAT score required for conversion.Now, let’s discuss the conversion process. Each institute has its own set of cut-offs, and the minimum CMAT score required to convert can vary from institute to institute. It is essential to research the specific institutes you are targeting and their previous year’s cut-offs to determine the minimum score required for conversion.In conclusion, the minimum CMAT score required to convert depends on various factors, including your academic background, work experience, and the specific institute you are targeting. To determine the most appropriate minimum score, it is crucial to research and analyze the cut-offs of the target institutes.

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