Sanjay Mali, principal of PGDM at NIA, spoke to Atul Krishna about the unique position of the institute in the insurance industry, its PGDM course, and its plans to increase student intake, course offerings and off-campus activities. Edited excerpts from the conversation
Q. Could you tell us a bit about the institute its history and how it came to be?
A. The journey of the National Insurance Academy is very different. It came to be when the ministry of finance and Government of India decided that there should be a training institute for executives in the insurance sector. That's how the institute was started. But later on, realising that the infrastructure was available, they started the PGDM programme in 2004. The main purpose was to provide education, training and research in the field of insurance.
This institute was set up by all the PSUs Life Insurance Corporation, New India Insurance, Oriental Insurance. So right from the beginning, this PGDM programme had the backing of the industry. If you look at the governing board of the institute, the chairperson of LIC is the chairperson of our governing board.
Q. How many students do you have? And how much do you charge?
A. The last two years, we had an intake capacity of 180. But from this year, we will have 120 students. This is because we are considering the introduction of some programmes that are in the pipeline. So, we decided to keep it to 120 right now.
Regarding the fees, we have not increased it in the last four or five years. Currently, it is Rs 12 lakh for the two-year programme, including hostel facilities.
Q. Which courses are in the pipeline?
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Bu hikaye Careers 360 dergisinin November 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'We have a completion rate of 80-90%'
During an interaction, Mayank Kumar, co-founder and managing director of upGrad, spoke to Sheena Sachdeva about new courses in accounting and management, the profile of learners, trends in online MBA courses, and more. Edited excerpts from the conversation below
New roles and spaces
Online MBA has helped many working professionals climb up the office hierarchy or even pivot to an entirely new career. But there are challenges.
'Committed to industry-relevant learning'
International Management Institute (IMI), New Delhi, is India's first corporate-sponsored B-school. It offers three PG diplomas in management - the flagship PGDM with 300 seats, as well as human resource management and business and financial studies with 60 each. Himadri Das, director general, IMI, discussed the challenges posed by competition among private business schools, the importance of diversity, and IMI's NIRF rankings with Sanjay. Edited excerpts from the interview.
National Insurance Academy plans expansion to meet rising demand
The National Insurance Academy (NIA), now situated in Pune, was established jointly by the ministry of finance and all the major public sector undertakings (PSUs) in insurance. Originally a training institute for insurance industry professionals, it has been offering a postgraduate diploma in management (PGDM) since 2004 and has placed 100% of its students all through.
The era of MBA in sustainability
As companies are increasingly pushed to meet environmental compliances, management institutes are revamping their curricula with specialised MBA programmes in sustainability or launching new programmes
Despite good record, SRCC's PGDM faces degree hurdle
Delhi University's Shri Ram College of Commerce started its postgraduate diploma in Global Business Operations (GBO) 25 years ago. Principal Simrit Kaur spoke to Shradha Chettri on their effort to convert the diploma into a degree programme, changes required in the National Institutional Ranking Framework (NIRF) and more. Edited excerpts
Managing produce, from farm to plate
Agribusiness managers are in great demand, both on the 'input' side of agriculture - seeds, fertilizer, machinery businesses - as well as in the processing of the 'output'
Creating 'innovators with conscience'
The SP Jain Institute of Management and Research (SPJIMR), Mumbai, has been the top Indian institution in the Financial Times' (FT) Masters in Management rankings for two years in a row. Varun Nagaraj, dean of SPJIMR, spoke to Atul Krishna about what the institute does differently, its plans, the future of business education, and the FT and National Institutional Ranking Framework (NIRF) lists. Edited excerpts below
'Quality management education that is equitable': FMS Dean
The Faculty of Management Studies (FMS) at the University of Delhi (DU) is one of India's premier business schools offering MBA courses at a relatively low cost, compared to most leading business schools in India. Celebrating its 70th year, it is also one of the first university-based business schools. In an interview with Sanjay, head and dean of FMS A Venkat Raman spoke about the functioning of a business school under a central university, challenges, courses and future plans. He also spoke on the Common Admission Test (CAT) and its impact on diversity in student cohorts. Edited excerpts
'THE CAMPUS IS AMAZING'
Four new IIMS - Bodh Gaya, Sambalpur, Jammu and Visakhapatnam - have found their permanent homes and they are beautiful, environment friendly and efficient campuses. Here's a quick tour.
