Hyderabad: With its industry-driven feedback course curriculum, the Institute of Insurance and Risk Management (IIRM), Hyderabad, has been developing an employable workforce for Financial Services, Insurance, Risk Management, and other sectors. Students joining the IIRM can be assured of a job upon completion of the course as this B-School records 100 per cent placements. What keeps students of this top B-School in Hyderabad in demand is that they are imparted industry required skills which make them ready for any task in the respective fields. The highest pay package offered this year is Rs 15 lakh per annum and the average package stands at Rs 8.5 lakh per annum. Every year, the pay packages offered to the students are also on increasing. On average, 60 companies like Deloitte, Wells Fargo, IBM, Infosys, Bajaj Allianz, HDFC Ergo, TCS, and Tata Motors take part in the campus placements drive and roll out job offers.
Apart from designing industry- related courses, the B-School focuses on each student and individual mapping is done to help students do better academically and professionally as well. The IIRM, which is a joint initiative of the Insurance Regulatory and Development Authority of India and the State government, commenced its operations in the Financial District, Gachibowli, in 2004. This self-financing institute started the B-School in 2015. The institute campus project was conceptualised under two phases. While phase I has been completed, the management plans to take up phase II where the institute will be further developed. This B-School is offering a two-year Post- Graduate Diploma in Management with dual specialisations — Finance, Marketing, Operations Management, HRM, Insurance, Risk Management, Actuarial Science and Data Science & Analytics. In fact, it is only B-School to offer Actuarial Science programme. Also on offer are Post- Graduate Certificate in Management programmes (one-year), Executive MBA in Insurance Business Management and Executive Post-Graduate Diploma in Actuarial Science (for working professionals).
The B-School, which started with 60 seats, now has 120 seats. For the next year, it is offering 180 seats. Admissions for the year 2022 are open and students can apply through the website https://www.iirmworld. org.in/.
We will have our own entrance test: IIRM Principal
For the last three years,IIRM Principal Dr. VVK Mohan has been heading the academic activity and shaping the institute as a Centre of Excellence and an institute of national importance.
He has over 34 years of industry experience in Marketing, Advertising, Communication Interventions, and Project Management for varied sectors.
For the last 30 years, Dr. Mohan has been teaching General Management, Marketing Management, Advertising, Consumer Behaviour, Strategic Management and other subjects at reputed institutions.
In an interaction with Telangana Today, he speaks about industry trends, all-India entrance test and new courses of the Institute. All-India entrance test We want to conduct our own assessment test. So, starting 2023-25 batch, the IIRM will hold an all-
India entrance test for admissions.
They will continue to take valid scores of the CAT and MAT until their own test becomes
Trends in insurance
The insurance sector is also transforming into tech-based work. So, BTech candidates with insurance knowledge are the most sought-after today and there is a lot of growth
as well. All the routine work is now being done with the help of technology, so tech-savvy people with industrial knowledge are the need of the hour. Today, technology and domain
knowledge are becoming very important and the institute focuses on both.
The future is bright for students who opt for the risk management field. Sought-after courses Insurance and Risk Management courses are the most sought-after ones.
Courses in finance, marketing and analytics are also in demand.
The institution plans to have short-time courses with six months and one-year modules for training people, which will help students promote their careers.
After gaining an understanding of the requirements from the industry like insurance and banks, their staffers get trained.
Last year, more than 30 training programmes were conducted for the industry and now they have been receiving requests for custom-tailored programmes.
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