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MBA (Finance & Banking) Admissions

MBA (Finance & Banking) Admissions

The MBA (Finance & Banking) Admissions is offered with ICICI Bank.

The training for VIII batch commenced in October 2014.

Announcements will be made for future batches as and when they are formed.

Admission Process

Applicants will be shortlisted based on merit and will be invited for the selection process. Shortlisted applicants will undergo a multistage selection process, post which the final results will be declared.

Entrance test - The entrance test aims at measuring the aptitude of the participants through verbal ability, numerical ability and logical reasoning.

Group discussion stage- Participants clearing the aptitude test will be invited for case based group discussion. The group discussions are mainly conducted to judge participants on their analytical thinking, approach adapted to business situations and the ability to break down complex problems to arrive at solutions.

Psychometric Profiling / Personal Interview - Applicant clearing GD stage will be eligible for the Personal Interview Stage.

Psychometric Profiling - This is a questionnaire based psychometric tool that indicates the typical or preferred behaviour of individuals in work settings. Participants are required to complete the questionnaire before they appear for the interview. This profiler gives us a better understanding of preferred behaviour of the participant and is not used for elimination of participants.

Personal Interview - Shortlisted applicants will go through the personal interview round. This is the final step in the selection process.

“Admissions will also be subject to fulfilling eligibility norms and other criteria of NIIT University”.

Eligibility

Working professionals who are CAs / Engineers / Graduates in any discipline(s).

Academic qualifications - Graduates from engineering, IT, finance, economics, law, commerce, statistics etc / Chartered Accountants / Professionals with varied work experience (including shop floor professionals).

Minimum 60 % in 12th and 10th examination boards and minimum 55% in graduation.

Work Experience after graduation- Minimum of 3 years (full time experience across industries).

Age - Applicants should not exceed 30 years of age (as on October 29, 2014).

Candidates with exceptionally rich work experience may be given a dispensation in terms of academic performance on a case-by-case basis if recommended by the Admissions Committee.

Fee and Scholarship

Earn while you learn: During programme period of 2 years students would be paid scholarship rupee 10,000/- (per month) during class room programme phase & rupee 50,000/- (per month) during Internship phase./

To pursue the ICICI Business Leadership Programme (MBA - Finance & Banking Programme), the interested students will have to invest rupee 4.5 lacs which would be provided by ICICI Bank as a subsidized loan at an interest rate of 2.5% p.a.

The EMIs for the loan would start once you have joined the bank. There would be no recovery of EMIs or interest during the initial programme period of 2 years. The EMIs are spread over a period of 60 months from the start date of employment with ICICI Bank and will attract a rate of interest of 2.5 % p.a. to ensure that there is minimal impact in the monthly earnings. The EMI will be approximately rupee 9,000 per month.

Despite the rupee 4.5 lacs being paid by the students, it is a benefit for the applicant since the loan is being extended by ICICI Bank at subsidized interest rate of 2.5 % p.a.

No EMIs/Interest will be recovered during the programme period of 2 years.

The EMI/Interest recovery starts only from the 1st salary drawn on joining the bank after completion of the programme & internship.

Placement at ICICI Bank

On successful completion of the course students will be absorbed at ICICI Bank as Manager-II grade or above based on duration of prior work experience.

The starting remuneration on cost to company basis for students will be in the range of rupee15 lacs and above [per annum].

The students who participate in this programme will need to sign a rupee 20 lacs bond with ICICI Bank. Post successful completion of the course, the students will be required to work for ICICI Bank for a minimum period of 3 years. If any student thereafter chooses to leave the services of the Bank within 3 years of joining, he would be required to reimburse rupee 20 lacs, towards cost of education and stipends paid and the opportunity lost for the organization.

For the purpose of grant of subsidized loan, academic certificates of such students will be retained by ICICI Bank for the period of loan as a security.

Important Dates

The last batch has been formed and is undergoing training.