The National Institute of Bank Management (NIBM), Pune, has achieved 100% placement for its 2022-24 PGDM (Banking and Financial Services) batch, with all 130 students successfully placed. Arindam Bandyopadhyay, dean, academic programme and Principal of PGDM, said: “All 130 students were placed in 37 banks and financial institutions. This year more than 50 organizations participated in the campus recruitment process,” Bandyopadhyay said.
The highest salary offer stood at Rs 26.5 lakh, with MoneyBoxx Finance offering the maximum CTC. The average salary for the top 75% of students reached Rs 15.58 lakhs, while the batch’s overall average salary hovered around Rs 14.16 lakhs.
Companies that participated in the placement cycle included Airtel Payments Bank, Accenture, Auronova Consulting, Axis Bank, Bandhan Bank, Bank of America, Barclays, BNY Mellon, CareEdge Ratings, Cashpor Micro Credit, Caspian Debt, Cognext, Cognizant, Ernst & Young, Federal Bank, FEDAI, HDFC Bank, HSBC, Hinduja Leyland Finance, ICICI Bank, IDBI Bank, IndusInd Bank, Intueri Consulting LLP, ICRA, Kotak Mahindra, KPMG GRCS, Moneyboxx Finance, OFSAA KPMG, Pahal Financial Services, Perfios Software Solutions., PwC India, SMFG India Credit Co. (Formerly – Fullerton India), STCI Primary Dealer, Suryoday Small Finance Bank, Tata Capital, Tourism Finance Corporation of India and Wells Fargo.
In total, 55 organizations participated in the placement cycle for the 2022-24 batch, offering diverse roles such as manager, consultant, financial analyst, risk analyst, and more in sectors including banks, NBFCs, consulting companies, and rating agencies.
In addition, all the 131 students (93 boys and 38 girls) from the 2023-25 PGDM Batch have received internship offers from multinational banks, NBFCs, and consulting companies with the highest monthly stipend of Rs 2,40,000 (per month), Parag S Tiwari, executive officer – placements, NIBM said. The average stipend for an internship was Rs 42,000. The top 10% received a stipend of Rs 1,45,000, and the top 25% received Rs 1,02,000. This year, 40 recruiters picked up students for internships.
These included SBI, HDFC, HDFC Credila, ICRA, Bank of America, Federal Bank, Union Bank, SIDBI, Tata Capital, IDBI Bank, Indian Bank, Infosys, BNY Melon, Hinduja Finance, RXIL, Polarity, SakshamGram and UBFC.
To enhance the students’ employability, NIBM recently collaborated with the Professional Risk Managers’ International Association (PRMIA) to upskill their students with additional certification and specialization for roles in risk management.
Last year, NIBM was ranked 76th in the top hundred management Institutes by NIRF.