The Department of Management which started offering a sectoral M.B.A. programme in Insurance Management, was started at Karaikal Campus in the academic year 2009-10 with an objective of promoting specialized Management education in the high growth insurance service sector. The MBA (Consultancy management) programme is an innovative programme and the first of its kind in the world which will commence from the academic year 2014-15.
The department is committed to the development of youth as managers and capable citizens for occupying key positions in the corporate organizations in India and abroad specifically in the insured, insuring and insurance verticals in the consultancy field. With a commitment to the promotion of knowledge and development of youth, the department pursues the following goals:
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To establish a centre of knowledge creation in the insurance and consultancy areas in Marketing, Finance and Human Resources field and dissemination of knowledge with the active involvement of students, teachers, researchers, consultants and corporate managers.
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To design and offer programmes for youth to become competent managers as well as entrepreneurs in the field of their choice.
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To promote research and disseminate knowledge in the insurance industry and consultancy fields through research programmes, seminars, workshops, etc.
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To strengthen industry-institute interface through association, consultancy and participation in skill development programmes.
HIGHLIGHTS OF THE CURRICULUM
The course curriculum of MBA Insurance Management consists of various sub-disciplines of insurance including Life Insurance, General Insurance, Marine Insurance, Fire Insurance, Motor Insurance, Risk Management and Insurance, Business interruption Insurance, Health Insurance, Actuarial Science, etc. In addition to these courses, functional management courses like marketing, finance and HRM are also being offered. Also, to facilitate the students to get placements in banking sector one paper on Bank and Risk Management is included. The course curriculum contains computer labs and soft skills and personality development too. Further, the Department encourages and facilitates students to appear for the professional certificate examinations related to insurance sector conducted by Insurance Regulatory Development Authority (IRDA), Insurance Institute of India (III), Chartered Insurance Institute (CII, UK), Life Office Management Association (LOMA, USA), Life Insurance Marketing and Research Association (LIMRA, USA), etc., which makes the student a hot cake in the insurance industry during campus placements itself.
The course curriculum of MBA (Consultancy Management) includes functional specialisation to build careers in Consultancy organisations or become free lance business consultants in Project Management, Strategy, Marketing, Finance and Human Resource Management areas.
- Well equipped library with good number of books and journals related to various disciplines of management and insurance.
- Centralized computer lab with internet facility.
- Remote accessing facility of all library resources from Ananda Rangapillai Library of Pondicherry University main campus.
- State-of-the art conference hall with Video-conferencing facility.
- Separate hostels for boys, girls and research scholars.
- Free transportation facility from hostels to campus.
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M.B.A. (Insurance Management)
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M.B.A. (Consultancy management)
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Ph.D. (Management)
Candidates are admitted for both the MBA programmes and Ph.D. in Management based on an All India level Entrance Examination conducted by the Pondicherry University.
The entrance test for MBA is similar to that of any standard All India Management Admission Tests (on lines of CAT / MAT / GMAT) with objective type questions in General English, Reasoning, Quantitative Aptitude, Business and General Awareness.
Entrance test for Ph.D. Programme consists of objective type questions from all the subjects of a regular MBA programme .
This sectoral MBA programme in Insurance Management, with a career focused curriculum fulfilling the industry requirements, has been enticing the employers in insurance sector and insurance verticals of consultancy companies as well. Department has been achieving more than 90% campus placements every year in different life insurance, general insurance, and insurance broking firms. Some of the prominent companies in the insurance industry where the students are placed, so far, with an attractive pay package include, TATA AIG General Insurance, IFFCO-TOKIO General Insurance, Max New York Life, Bharti AXA , ICICI Lombard, Birla Sun Life, Bajaj Allianz, Royal Sundaram General Insurance, Cholamandalam MS General, Total Insurance Solutions, Willis Insurance Brokers, Zeal Insurance Brokers, etc.
The Department has good industry networking and is confident of placing the
students of MBA (Consultancy Management) in consultancy firms of repute.
ALUMNI ASSOCIATION
Department has formalised an Alumni Association in which all the students are life members with elected office bearers. Alumni Meet is organised every year. The alumni placed in the industry who moved out from the first four batches, are a strong network for placing the existing students in projects and permanent careers.