For all those aspiring MBAs there’s news from the insurance sector. Move on marketing and finance degrees, the latest buzzword is an insurance specialization alongwith the regular MBA.

According to latest reports, MBA graduates with an insurance specialisation are bagging big job offers from plum recruiters across India and abroad.

Management student at the National Insurance Academy Divya Bangheria completed her MBA in insurance and risk management and bagged three jobs offers right at the completion of her course. Most of her batchmates at NIA—with over 2 job offers on an average in hand—are spoilt for choice.

“My pay package is Rs 6 lakh with other incentives. 35 per cent of the entire batch has been placed with insurance companies,” says Divya.

Out of the 60 students of the NIA batch, 58 were placed on the very first day of placements. While 21 students took up jobs with insurance companies, IT firms including Wipro, Cognizant Technologies and TCS hired the rest 18.

“IT companies are going for the insurance domain. They hire our students for three main purposes—subject matter specialist activity, customer servicing troubleshooting and on the third stage implementation as consultants,” KC Mishra Director, NIA said.

The average salary of students with insurance MBAs has gone up by 50 percent from 3.5 to 5 lakh per annum since the last year. Experts say with acute shortage of talent in insurance industry and rapid growth of this sector, the value of this specialisation will only increase in the years to come.

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Source : www.ibnlive.com

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