Arun Jaitley National Institute of Financial Management (AJNIFM), Faridabad (UP): Course & Fees, Admission procedure, Rankings, and Placements

The Arun Jaitley National Institute of Financial Management (AJNIFM) is an esteemed institution in the field of financial management and public policy located in Faridabad, India. It was established to cater to the growing demand for trained professionals in financial and public policy management in the country. Here’s an introduction to AJNIFM along with its history. The Arun Jaitley National Institute of Financial Management (AJNIFM) is an autonomous institution that operates under the administrative control of the Department of Expenditure, Ministry of Finance, Government of India. It was founded with the primary objective of promoting excellence in financial management, public policy, and related areas. The institute is named after the late Shri Arun Jaitley, a prominent Indian politician and former Union Minister of Finance and Corporate Affairs.

The roots of AJNIFM can be traced back to the year 1993 when it was initially established as the National Institute of Financial Management (NIFM). Over the years, it has evolved and expanded its scope to encompass a wide range of financial and management disciplines. In 2014, the institute was renamed as the Arun Jaitley National Institute of Financial Management in honor of Shri Arun Jaitley, who played a pivotal role in shaping India’s financial policies and economic reforms.

AJNIFM has been at the forefront of providing training, research, and consultancy services to various central and state government departments, public sector organizations, and international agencies. Its programs and initiatives aim to enhance the capacity and skills of government officials and professionals in areas such as financial management, public policy, accounting, and governance. The institute’s state-of-the-art campus in Faridabad is equipped with modern facilities, including classrooms, libraries, computer labs, and auditoriums, to facilitate high-quality education and research. AJNIFM also collaborates with renowned international institutions and universities to foster a global perspective in its academic and training programs. Arun Jaitley National Institute of Financial Management (AJNIFM) stands as a premier institution in India dedicated to the advancement of financial management and public policy. With a rich history and a commitment to excellence, Arun Jaitley National Institute of Financial Management (AJNIFM) continues to play a vital role in shaping the future of financial management and governance in India.

The President of the AJNIFM Society and the Chairman of the Board of Governors (BoG) are the Union Finance Minister of the Government of India and Secretary (Expenditure), Government of India. The management and academic programs of the Institute are under the control of the Director, AJNIFM. The combination of faculty from government and academia is a clear benefit for AJNIFM. The AJNIFM’s Academic Advisory Committee offers advice to the organization on all issues pertaining to developing, preserving, and enhancing the academic, training, and research environment. Eminent members of an esteemed Indian academic fraternity are also on this committee. The day-to-day operations of the institute are managed by the AJNIFM Management Committee.

Arun Jaitley National Institute of Financial Management (AJNIFM) Highlights

Courses Offered by Arun Jaitley National Institute of Financial Management (AJNIFM)

Admission procedure

Arun Jaitley National Institute of Financial Management (AJNIFM) offers a two-year full-time MBA program with a Finance emphasis. The residential course is open to both new and experienced candidates. The curriculum is structured into semesters, with 18 months of classroom instruction, 8 weeks of summer internship, 1 week of local and overseas attachments, and 16 weeks of project work. Candidates who match the qualifying requirements will be short-listed based on their admission exam scores, GD, and PI.

Arun Jaitley National Institute of Financial Management (AJNIFM) MBA Eligibility

For Private Participants

• Bachelor’s degree or equivalent from any university with at least 50% aggregate marks (45% for SC/ST/PWD candidates).
• Candidates must have qualified in any of the All India Common Admission Tests, such as the CAT, XAT, CMAT, MAT, or GMAT, and submit legitimate test scores that are no more than two years old, followed by GD&PI.
• The maximum age at the start of the program is 30 years old.
• The reservation policy shall be in accordance with Jawaharlal Nehru University guidelines.

For Corporate Executives

• The participant’s maximum age at the start of the program should not be more than 50 years old.
• A minimum of three years of work experience is necessary at the start of the program.
• The participant must produce a letter of authorization/sponsorship certificate from the appropriate entity.
• The rest of the rules are the same as for the private participants listed in Paragraph A of the eligibility criteria.

For Government Officers

• At the graduation level, the minimum percentage of marks should be 50%.
• The participant’s maximum age at the start of the program should not be more than 50 years old.
• Middle/senior level officers working for the Central or State Governments, as well as similar participants from other countries, are eligible to apply for admission.
• Government employees are excluded from Common Admission Tests such as the CAT, XAT, CMAT, MAT, and GMAT.

Note(s):

• The decision of the AJ-NIFM Selection Committee for selection will be final, and AJ-NIFM will not entertain correspondence in this subject.
• Candidates in their final year of college may also apply. If chosen, such individuals will be allowed to participate in the program on a provisional basis. Their admission will be verified only once they present proof of having completed their bachelor’s degree/equivalent qualification with the required minimum marks.
• The deadline for submitting the grade sheet is October 20, 2022. Failure to meet this criteria will result in the revocation of their provisional admission and candidature.

Arun Jaitley National Institute of Financial Management (AJNIFM) Faridabad Application Process 2024

For Private Participants/Corporate Executives

If you’re a private participant or a corporate executive, here’s how you can apply for our MBA (Finance) program:

1. Fill Out the Application Form: Complete the prescribed application form with all the required details.
2. Gather Your Documents: Make sure to include your resume, proof of educational qualifications, category certificate, work experience (if any), and a copy of your valid CAT/XAT/CMAT/MAT/GMAT scorecard.
3. Pay the Application Fee: The fee is INR 2,000/-. You can pay via Demand Draft or online through RTGS/NEFT. Don’t forget to mention the reference number on your application.
4. Send Your Application: Mail your completed application form, along with the required documents, to:

• Arun Jaitley National Institute of Financial Management (AJ-NIFM)
• Sector-48, Pali Road, Near Badkhal Lake,
• Faridabad-121001, Haryana
• Make sure it arrives by April 30, 2024.

1. Email a Copy: Also, email your filled application form to finance@nifm.ac.in.

Important: Mark your envelope with “Application for MBA (Finance), 2024-26”.

For Government Sponsored Officers/Candidates

If you’re a government-sponsored candidate, you can apply directly for the full-time MBA (Finance) program. Here’s what you need to do:

1. Complete Your Application: Ensure all parts of the application are filled out.
2. Submit Your Documents: Include all necessary documents/testimonials (matriculation certificate onwards and a relieving letter from your organization). Originals will be required at the time of final admission.
3. Meet the Deadline: Send your completed application to AJ-NIFM by June 20, 2024.

The institute will shortlist candidates and notify both them and their sponsors. Interviews may be conducted as part of the selection process.

Required Documents

• Copies of your 10th, 12th, and graduation mark sheets and certificates.
• For final year students, include a semester/year-wise mark sheet and either an admit card for your final exams or a letter from your college/university certifying your status.
• Copy of your category certificate from the central/state government.
• Valid CAT/XAT/CMAT/MAT/GMAT scorecard.
• Copies of professional qualifications (e.g., CA, CS, CWA, CFA).
• Demand Draft for the application fee (if paying offline).

Notes

• All documents must be self-attested except the Demand Draft.
• Make the Demand Draft payable to “Accounts Officer, Arun Jaitley National Institute of Financial Management” at Faridabad.

If you have any questions or need further assistance, feel free to reach out. We’re here to help you every step of the way!

Collaboration

The Arun Jaitley National Institute of Financial Management (AJNIFM) needed to establish institutional relationships with reputable institutions in India and overseas in order to update the contents and delivery of our programs in line with best international practices in light of the advancements occurring on a global scale. The choice of the partner university also served to introduce the AJNIFM faculty to other reputable institutions in terms of research foundation, pedagogy, and curriculum.

As a result, the following domestic and foreign organizations were chosen to work with Arun Jaitley National Institute of Financial Management (AJNIFM):

Collaborations with National Institutions

• National Stock Exchange, Mumbai
• Haryana Institute of Public Administration, Haryana
• The Institute of Chartered Accountants of India, New Delhi

Collaborations with International Institutions

• Asian Institute of Management, Manila, Philippines
• Edinburgh Business School,Scotland, UK
• International Centre for Promotion of Enterprises, Slovenia
• Manchester Metropolitan University, United Kingdom
• Royal Institute of Public Administration, United Kingdom
• Universityi Utara, Malaysia

Selection Process

The written test is not required for applicants who meet the qualifications of CA, CS, CWA, CFA, or MBA (Finance) or who have CAT, GMAT, XAT, or CMAT results. Only individual interviews and group discussions will be held for such individuals.

The Institute will initially shortlist applicants for positions relevant to government executives (in India and abroad). By phone, email, or both, this would be informed to the candidates and/or their sponsors. Sponsors are urged to depute their candidates well in advance of the group discussions and interviews that will be used to narrow the field of applicants. FOR CORPORATE SUCCESSORS Candidates must submit their CAT percentile score or any other test(s) recognized by the AICTE, and they will then be contacted for a group discussion and an individual interview. Mr. Arun Jaitley Admissions to postgraduate and doctoral programs are available through the National Institute of Faridabad. Admissions are available at AJNIFM Faridabad for the PGDM in Finance, PGDM in Financial Management, PGD in Government Accounting and Internal Audit, and FPM. Entrance exams are used to choose candidates for AJNIFM Faridabad. Candidates are chosen for admission to AJNIFM Faridabad’s PG and Ph.D programs based on the results of entrance tests like the CAT, CMAT, XAT, MAT, and GMAT, respectively. Applicants are chosen based on the merits of their admission exam results. The application process for AJNIFM Faridabad is based on eligibility standards for applicants, who must receive at least 50% of the available points in their entrance tests.

Positions at AJNIFM in Faridabad

The Arun Jaitley National Institute of Financial Management (AJNIFM) in Faridabad, also known as the AJNIFM Faridabad, is the Arun Jaitley National Institute of Financial Management. The placement cell of AJNIFM Faridabad extends invitations to a variety of businesses and organizations. A placement office is located in the institution at AJNIFM Faridabad, which is useful for organizing specific events for students to participate in interview preparation and secure positions in prestigious organizations with competitive pay. Pre-placement conversations, interviews, and discussions are just a few of the scheduling options offered by the AJNIFM Faridabad for placement. The student’s placement committee and a council of faculty members are involved in the activities and procedures surrounding placement.

Procedure for Placement at Arun Jaitley National Institute of Financial Management (AJNIFM) in Faridabad

Companies were encouraged to participate in placement drives by the college’s training and placement unit.

At the AJNIFM in Faridabad, the employers hold pre-placement interviews.

Students submit their resumes to recruiters, who then shortlist potential prospects in the initial round.

The company is in charge of leading the round of group talks and individual interviews. The training and placement cell at AJNIFM in Faridabad will receive a list of the chosen students.

Placement

The Arun Jaitley National Institute of Financial Management (AJNIFM) offers excellent placement services to its students. MBA students at Finane have previously received meritorious placement offers from a number of high-profile firms. NIFM Faridabad had a 100% placement rate, with the highest package provided being INR 12.6 LPA. Banking, Financial Services, and Insurance (BFSI) was the top recruiting sector.

Top Recruiters

The top recruiters were from the BFSI industry. The following are the top recruiting firms:

• Bloomberg     
• BSE     MCX
• NCDEX         
• HDFC Bank   
• LSEG 
• Hindware       
• Barclays         
• FIMMDA
• SBI Mutual Fund       
• Axis Bank      
• CRISIL

Arun Jaitley National Institute of Financial Management (AJNIFM) Faridabad Placements 2022 Report