IIRM Hyderabad develops employable workforce


Hyderabad: With its industry-focused feedback course program, the Institute of Insurance and Risk Management (IIRM), Hyderabad, has developed an employable workforce for financial services, insurance, risk management and other sectors. Students who join IIRM can be assured of a job at the end of the course, as this B-School records 100 percent placements. What keeps the students of this B-School in Hyderabad in demand is that they are endowed with the skills required by the industry which make them ready for any task in the respective fields. The highest compensation package offered this year is Rs 15 lakh per year and the average package is Rs 8.5 lakh per year. Each year, the salary packages offered to students are also increasing. On average, 60 companies like Deloitte, Wells Fargo, IBM, Infosys, Bajaj Allianz, HDFC Ergo, TCS, and Tata Motors participate in on-campus internships and post vacancies.

Besides designing industry-related courses, the B-School focuses on each student and individual mapping is done to help students achieve better academic and professional success. The IIRM, which is a joint initiative of the Insurance Regulatory and Development Authority of India and the state government, began operations in the financial district of Gachibowli in 2004. This self-funded institute launched the B-School in 2015. The Institute The campus project was conceptualized in two phases. While phase I is completed, management plans to resume phase II where the institute will be further developed. This B-School offers a two-year graduate degree in management with a double specialization – finance, marketing, operations management, HRM, insurance, risk management, actuarial science and data science and analysis. In fact, only the B-School offers an actuarial program. Also offered are Graduate Certificate programs in Management (one year), an Executive MBA in Insurance Business Management, and a Graduate Diploma in Actuarial Science (for professionals).

The B-School, which initially had 60 places, now has 120 places. For next year, it offers 180 places. Admissions for the year 2022 are open and students can apply through the site https: //www.iirmworld. org.in/.

We will have our own entrance test: IIRM Principal

Over the past three years, the Director of IIRM, Dr VVK Mohan, has led academic activity and shaped the institute as a center of excellence and an institute of national significance.

He has more than 34 years of experience in the field of marketing, advertising, communication interventions and project management in various sectors.

For the past 30 years, Dr Mohan has taught general management, marketing management, advertising, consumer behavior, strategic management and other subjects at renowned institutions.

Dr VVK Mohan, Director of IIRM

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In an interaction with Telangana Today, he talks about industry trends, the India-wide entrance test and the Institute’s new courses. Entrance test for all of India We want to do our own assessment test. Thus, from batch 2023-25, the IIRM will hold a whole
Entrance test to India for admissions.

They will continue to earn valid CAT and MAT scores until their own test becomes

Insurance trends

The insurance industry is also turning into a technology-based job. So BTech candidates with insurance knowledge are the most sought after today and there is a lot of growth.
also. All the routine work is now done using technology, so the tech-savvy people with industrial knowledge are the hottest need of the hour. Today, technology and the field
knowledge becomes very important and the institute focuses on both.

The future is bright for students who choose the field of risk management. Sought courses Insurance and risk management courses are the most popular.
Finance, Marketing and Analysis courses are also in demand.

New courses

The institution plans to have short courses with six-month and one-year modules to train people, which will help students promote their careers.

After gaining an understanding of industry requirements like insurance and banking, their employees are trained.
Last year over 30 training programs were organized for the industry and they are now receiving requests for tailor-made programs.

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