Management graduates specialising in insurance are making the most of the rapid growth being witnessed by the insurance sector in the country. This is reflected in the rising graph of their annual pay packages offered at campus placement in specialist institutions like the National Insurance Academy (NIA), Pune.
This year, the highest pay pack bagged by an NIA school of management (NIASOM) student touched Rs 8.5 lakh per annum - up from the Rs 7 lakh per annum highest mark during last years recruitment exercise.
The average salary package, too, has gone up significantly from Rs 4.5 lakh to Rs 6.3 lakh per annum, over the last two years. Last year, the same was Rs 5.5 lakh. At the lower end, the minimum package was Rs 4.75 lakh, which again is up from Rs 3 lakh per annum last year.
More : timesofindia.indiatimes.com
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MBA graduates rake it in
SO ALL THE hype about how an MBA will increase your salary wasnt just advertising waffle to boost SAs business schools.
According to a recent survey among SAs MBA graduates by website mba.co.za in which 467 respondents representing virtually all SAs business schools took part, theres no doubt that this degree not only brings in extra income, but also improves general business knowledge, management skills and status.
Salaries increased 88%
One of the most important findings is that the average annual salary of MBAs increased from R297 731 before their degree to R560 285, a whopping
MBA grads united with recruiters
Exec-appointments.com is launching a new service to bring together MBA graduates from leading international business schools and key senior executive recruiters.
MBA-Direct.com will provide a resource for business schools to link their MBA students and alumni, at every stage of their career, to recruiters of MBAs.
Betty Thayer, chief executive of exec-appointments.com, says: Through MBA-Direct, business schools will be able to help past and present students to find the best jobs available. MBA graduates, at any point in their career, will be able to use the service as part of their job search. And recruiters and corporate companies
Its not easy to please these MBA grads
A five-figure salary, accommodation, car and other frills are just not enough to hook these management graduates. MNCs queuing up at citys B-schools could do well by considering this: Make the job profile more appealing.
Package is not the only consideration. I can compromise on a few thousands, but the job should be to my liking, said Divjot Gill, a final year MBA student at Punjab College of Technical Education.
At PAU Business Department, a few students, in fact, refused to sit for interviews as they did not fancy the job profiles posted
The bigger picture: how to succeed
Following the introduction by the dean of Manchester Business School, I offered my thanks and then invited a volunteer from the audience to come down and challenge me to Indian wrestling this is a test of physical strength in which two people arm wrestle to see whos the strongest.
It was abundantly clear then, and the reaction has been the same ever since, that the audience thought: Whatever this guys smoking, he ought to stub it out!
However, I persisted. Eventually, typically, a tall Australian would emerge from the audience thinking: This mans old enough to
New MBA grads start at $92,000 per year
Newly minted MBAs are averaging a starting base salary in the United States of more than $92,000, a Virginia-based industry group said Friday.
The Graduate Management Admission Council said that the average new MBA with a job offer in hand will earn $92,360 during their first year of employment, up 4.2 percent from the $88,626 graduates in 2005 received.
Moreover, two-thirds of job offers to MBAs in 2006 come with signing bonuses that average $17,603, up slightly from last year.
More: news.monstersandcritics.com
I am a graduate of law, and I want a career in the insurance industry. I would like to know more about the associate members of the Life Insurance Institute of India and their scope and benefits. I would also be interested to know, by universities or institutions offering MBA in the insurance sector.
The assurance of the economies of many employees of the occupational groups as officers of administration assistant to insurance, experts, insurance, risk managers, insurers, the authors claim ', actuaries, of insurance consultants, institutions, etc. Some insurance companies offer courses such as MBA (Insurance) and PG Diploma in
UNCG grads receive their diplomas
The University of North Carolina at Greensboro handed out about 1,000 diplomas Thursday at its December commencement. The ceremony was held at the Greensboro Coliseum.
The head of the schools MBA program delivered the commencement address.
Family and friends packed the coliseum. Many of them said a December ceremony is bonus to the holidays.
Im overwhelmed, said Evette Taylor. My niece, Latisha Tranell Wilkins, is graduating and Im here supporting her. I have my sister, my niece and my nephew here with me. Its overwhelming.
About 500 students who graduated in August were also able to attend the commencement ceremony.
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Grads gain the advantage
The lean job market college graduates faced in the first half of the decade is gone, and companies are upping the ante to obtain the best talent.
Stephen Richardson knew what he wanted, waited for it, and got it. The management major from Purdue University in Indiana wasnt tempted to take the first job offer he got last October - something job seekers in a dicier economy might do. He also passed on three other offers.
His patience paid off. After graduating later this month, Mr. Richardson will have his dream job waiting for him.
I knew what I
State to have more MBA, MCA grads
With eight new colleges— offering MBA and MCA programmes—joining the admission process, another 720 seats have been added to the seat matrix this year.
This means, admissions to these courses—which were supposed to be completed by September 4—will go on till September 11. It is even learnt that four more colleges are expecting the nod from the All India Council for Technical Education (AICTE).
Following the developments, the AP State Council of Higher Education (APSCHE)—the apex body of higher learning in the state—has been forced to conduct an additional phase of admissions. It will
New hires wait to hear the fate of their jobs with Bear Stearns as financial hiring in general appears shakier
The stunning collapse and fire sale of investment house Bear Stearns (BSC)—a major employer of business graduates—has added another worry to an already shaky hiring outlook for business grads, college officials say. While major career services organizations haven't entirely reversed earlier predictions that the hiring market for 2008 grads is going to be strong, reports of recruiters cutting back on the number of job offers and, in some cases, lower starting salaries are beginning to surface.
Reductions are not just happening
NEW DELHI, July 26. The Institute of Integrated Management Training (IILM) a one year full-time post-graduate diploma in insurance and risk management. This is allegedly the only one who, of course, the evolution of Insurance Regulatory Authority (IRDA).
Talking to Business Line, Dr Ahindra Chakrabarti, director, IILM, said: "With the opening of the insurance sector and increasingly global players recruitment shop, did it come to an increased demand for professionals l insurance gives lessons. "
The course, starting from September this year, issues such as the foundations of risk and insurance, management accounting, strategic management, laws and regulations related to insurance, reinsurance,
Big is the buzz word in the business parlance today. Those who wish to succeed in life have to be ambitious, pragmatic, hopeful and confident about their future and ever ready to make it big. The bigger you think and act, the bigger will be your success. The ability to look at the future with an overwhelming confidence is a great quality that an entrepreneur must possess. To foresee what kind of products or services are going to pick up demand in future, and plan in that direction is what will pay a entrepreneur endowed with the quality of far-sightedness.
Close to half of this years 218 MBA grads are traveling to Athabasca tomorrow to receive their degrees in person at Athabasca Universitys Convocation ceremony. The AU MBA Class of 2007 represents every region of Canada, the United States and several other countries including Australia, Germany, Yemen, Switzerland and Kenya. As Dr. Lindsay Redpath, Executive Director of the Centre for Innovative Management, home of Athabasca Universitys online graduate management programs notes, We have a great turnout for Convocation, reflecting the truly international character of AUs MBA program, and its impact on the Canadian and global business communities.
LUCKNOW: The Ministry of insurance and risk management, Jaipuria Institute of Management (JIM), which organized a one-day seminar on "An Agenda for the growth of the insurance" on Saturday.
Director of JIM, Dr DK Bandopadhyay, in his inaugural address in detail on the development of the insurance and their impact on the changing lifestyle.
Dr. KC Misra, director of the National-Versicherungs-Gesellschaft, Pune, who presided over the seminar, insofar as key statistics on the current state of the industry in India. He said that the entire industry in India is Rs 70.0000 crore, the growth of Rs 130000 crore 2004-2005, he added.
Among those
A To gear up for the spurt in demand for trained insurance professionals, both for insurance and brokerage firms as well as their intermediaries (market projections peg the demand at 25,000 additional jobs), several institutes have emerged that offer courses at all levels.
Almost all the big companies impart in-house training to their freshly recruited advisors to equip them for the mandatory IRDA exam.
March 27th, 2009 at 5:15 am
Hi,
since last four year I have Related with Insurance Sector( sales ) n now want to join MBA course but my confusion is that in which subject suitable foe me for specialization( insurance,sales n marketing,HR)pls guide me.
regards,
Kaushik vadodariya
surat
9909253012