Arun Jaitley National Institute of Financial Management (AJNIFM), Faridabad (UP)
About Arun Jaitley National Institute of Financial Management (AJNIFM)
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. Established to address the growing demand for skilled professionals in these areas, AJNIFM operates under the administrative control of the Department of Expenditure, Ministry of Finance, Government of India.
Founded in 1993 as the National Institute of Financial Management (NIFM), the institute has evolved over the decades into a center of excellence for training, research, and consultancy in financial management and governance. In 2014, it was renamed the Arun Jaitley National Institute of Financial Management in honor of the late Shri Arun Jaitley, a distinguished statesman and former Union Minister of Finance and Corporate Affairs, who played a pivotal role in shaping India’s economic reforms and fiscal policies.
As an autonomous institution, AJNIFM has been instrumental in building capacity across central and state government departments, public sector organizations, and international agencies. It provides advanced education, policy-oriented training, and consultancy services that strengthen public financial management and promote transparency, accountability, and efficiency in governance.
The institute’s state-of-the-art campus in Faridabad features modern classrooms, a comprehensive library, advanced computer labs, and well-equipped auditoriums, all designed to support effective learning and high-impact research.
AJNIFM also maintains academic collaborations with leading global institutions and universities to integrate international best practices into its programs and to offer participants a global perspective on financial management and policy-making.
In essence, the Arun Jaitley National Institute of Financial Management stands as a premier center for education, research, and capacity building in India, committed to advancing the frontiers of financial management, governance, and public policy.
MBA / PGDM Admission Deadlines — Apply Now
Arun Jaitley National Institute of Financial Management (AJNIFM) – Highlights 2024
| Established | 1993 |
| Exam | CAT, GMAT, MAT, XAT |
| Courses | 3 Degrees and 4 Courses |
| Institute Type | Autonomous College |
| Approvals | AICTE |
| Gender | Co-ed |
| Faculty Count | 8 |
| Campus Size | 42 acres |
Courses Offered by Arun Jaitley National Institute of Financial Management (AJNIFM)
| Course | Total Fees | Eligibility Criteria |
|---|---|---|
| P.G.D.M Financial Management | ₹ 15,00,000 | Candidates must have graduated with a minimum of 50% marks from a recognized university. |
| P.G.D.M Finance | ₹ 10,00,000 | Graduation from a recognized university with at least 50% marks. |
| P.G.D Government Accounting and Internal Audit | ₹ 7,00,000 | Any bachelor’s degree of at least three years’ duration from a recognized university. |
| Fellow Programme in Management (FPM) | N/A | Master’s degree or equivalent in Management, Commerce, Economics, Science, or Humanities with first class marks. |
Arun Jaitley National Institute of Financial Management (AJNIFM) – Admission Procedure & Eligibility
The Arun Jaitley National Institute of Financial Management (AJNIFM) offers a two-year full-time MBA program with a focus on Finance. This residential program is open to both fresh graduates and experienced professionals. The curriculum is organized into semesters and includes 18 months of classroom instruction, an 8-week summer internship, 1 week of local and overseas attachments, and 16 weeks of project work.
Candidates meeting the eligibility criteria will be shortlisted based on their admission test scores followed by Group Discussion (GD) and Personal Interview (PI).
Eligibility for Private Participants
- Bachelor’s degree or equivalent with at least 50% aggregate marks (45% for SC/ST/PWD candidates).
- Valid score in CAT, XAT, CMAT, MAT, or GMAT (not older than two years).
- Shortlisting based on test scores followed by GD & PI.
- Maximum age limit: 30 years at the start of the program.
- Reservation as per Jawaharlal Nehru University guidelines.
Eligibility for Corporate Executives
- Maximum age limit: 50 years at the start of the program.
- Minimum of three years of work experience required.
- Must provide a letter of authorization or sponsorship certificate from employer.
- Other rules same as for private participants.
Eligibility for Government Officers
- Minimum 50% marks at graduation level.
- Maximum age limit: 50 years at the start of the program.
- Open to middle and senior-level officers from Central/State Governments and equivalent foreign agencies.
- Exempted from common admission tests like CAT, XAT, CMAT, MAT, and GMAT.
Important Notes:
- The decision of the AJNIFM Selection Committee is final and binding.
- Candidates in their final year of graduation may apply provisionally.
- Final admission is subject to submission of degree proof with required marks.
- The last date for submitting the final grade sheet is October 20, 2022.
MBA / PGDM Admission Deadline !! Apply Now
Arun Jaitley National Institute of Financial Management (AJNIFM) – Application Process 2024
The Arun Jaitley National Institute of Financial Management (AJNIFM), Faridabad invites applications for its MBA (Finance) program for the academic year 2024–26. The application process is open to Private Participants and Corporate Executives who meet the eligibility criteria.
Application Steps:
- Fill Out the Application Form: Complete the prescribed application form with all required details.
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Gather Your Documents: Attach the following:
- Updated Resume
- Proof of Educational Qualifications
- Category Certificate (if applicable)
- Work Experience Certificate (if any)
- Valid CAT/XAT/CMAT/MAT/GMAT Scorecard
- Pay the Application Fee: INR 2,000/- to be paid via Demand Draft or RTGS/NEFT. Mention the reference number on your application.
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Send Your Application:
Mail the completed form and documents to the following address:
Arun Jaitley National Institute of Financial Management (AJ-NIFM)
Sector-48, Pali Road, Near Badkhal Lake,
Faridabad – 121001, Haryana
Deadline: April 30, 2024 - Email a Copy: Also email your filled application form to finance@nifm.ac.in.
Important: Mark your envelope clearly with “Application for MBA (Finance), 2024–26”.
For Government Sponsored Officers/Candidates – Application Process 2024
If you are a Government Sponsored Officer or Candidate, you can directly apply for the full-time MBA (Finance) program at the Arun Jaitley National Institute of Financial Management (AJNIFM). Below are the detailed application steps and requirements.
Application Steps:
- Complete Your Application: Ensure all sections of the prescribed application form are filled accurately.
- Submit Your Documents: Include all necessary documents/testimonials (from matriculation certificate onwards) along with a relieving letter from your organization. Originals will be verified during final admission.
- Meet the Deadline: Send your completed application to AJNIFM by June 20, 2024.
The institute will shortlist eligible candidates and notify both the applicants and their sponsors. Interviews may be conducted as part of the selection process.
Required Documents:
- Copies of 10th, 12th, and graduation mark sheets and certificates.
- For final-year students – semester/year-wise mark sheet and either the final exam admit card or a letter from the college/university confirming student status.
- Copy of category certificate issued by the central or state government (if applicable).
- Valid CAT/XAT/CMAT/MAT/GMAT scorecard.
- Copies of professional qualifications such as CA, CS, CWA, CFA (if any).
- Demand Draft for the application fee (if payment is made offline).
Notes:
- All documents must be self-attested except the Demand Draft.
- The Demand Draft should be made payable to “Accounts Officer, Arun Jaitley National Institute of Financial Management”, payable at Faridabad.
For any questions or assistance, feel free to contact AJNIFM. The admissions team is available to support candidates throughout the application process.
Collaboration
The Arun Jaitley National Institute of Financial Management (AJNIFM) actively pursues collaborations with reputed institutions in India and abroad to enhance the content and delivery of its programs in line with international best practices. These partnerships help in enriching faculty expertise, research orientation, and curriculum development through global exposure and academic exchange.
The selection of partner universities and institutions aims to strengthen AJNIFM’s foundation in research, pedagogy, and curriculum by fostering interaction with leading global institutions.
Collaborations with National Institutions:
- National Stock Exchange (NSE), Mumbai
- Haryana Institute of Public Administration (HIPA), Haryana
- The Institute of Chartered Accountants of India (ICAI), New Delhi
Collaborations with International Institutions:
- Asian Institute of Management, Manila, Philippines
- Edinburgh Business School, Scotland, United Kingdom
- International Centre for Promotion of Enterprises (ICPE), Slovenia
- Manchester Metropolitan University, United Kingdom
- Royal Institute of Public Administration, United Kingdom
- Universiti Utara Malaysia, Malaysia
These strategic collaborations play a crucial role in keeping AJNIFM at the forefront of financial management education and policy research, ensuring that its programs remain globally competitive and industry-relevant.
Selection Process & Placement at AJNIFM Faridabad
Selection Process
The Arun Jaitley National Institute of Financial Management (AJNIFM) follows a comprehensive selection procedure to ensure that only the most suitable candidates are admitted to its programs. The written test is not required for candidates holding qualifications such as CA, CS, CWA, CFA, or MBA (Finance), or those with valid CAT, GMAT, XAT, or CMAT scores. These candidates are directly called for Group Discussions (GD) and Personal Interviews (PI).
For Government Executives (India and Abroad), shortlisting is done initially by the Institute. Candidates and their sponsors are notified via email or phone. Sponsors are encouraged to nominate their candidates in advance for the GD and PI rounds.
For Corporate Participants, applicants must submit their CAT percentile score or equivalent test results recognized by the AICTE. Shortlisted candidates are invited for the next stage of Group Discussion and Personal Interview.
Admissions to postgraduate and doctoral programs at AJNIFM Faridabad are based on national-level entrance examinations such as CAT, CMAT, XAT, MAT, and GMAT. Candidates must secure a minimum of 50% marks in their qualifying exams to meet eligibility criteria. Final selection is merit-based, considering entrance test scores, GD, and PI performance.
Placement at AJNIFM Faridabad
The Placement Cell at AJNIFM Faridabad plays a vital role in connecting students with top-tier organizations and government institutions. It regularly organizes pre-placement talks, recruitment drives, and interview sessions to prepare students for competitive placement processes.
The placement office acts as a liaison between students and employers, ensuring that each candidate is well-prepared to meet industry expectations. Both the Student Placement Committee and Faculty Council actively participate in placement-related activities.
Placement Procedure
- The Training and Placement Cell invites reputed companies and organizations for campus recruitment drives.
- Recruiters conduct pre-placement sessions to provide students with insights into job roles and company expectations.
- Interested students submit their resumes for initial shortlisting by the recruiters.
- Shortlisted candidates undergo multiple stages including group discussions and personal interviews.
- After final evaluation, the recruiters share the list of selected candidates with the AJNIFM placement cell.
Through structured placement activities and strong industry connections, AJNIFM continues to achieve impressive placement outcomes each year, placing students in leading public and private sector organizations with competitive salary packages.
Placement at Arun Jaitley National Institute of Financial Management (AJNIFM)
The Arun Jaitley National Institute of Financial Management (AJNIFM) offers exceptional placement support to its students. The MBA (Finance) program has a strong record of 100% placement, with graduates securing positions in top organizations across the Banking, Financial Services, and Insurance (BFSI) sector.
During the latest placement season, AJNIFM Faridabad achieved remarkable outcomes, with the highest package reaching INR 12.6 LPA and the average package recorded at INR 7.6 LPA. Recruiters from leading global and domestic financial institutions consistently visit the campus for hiring.
Top Recruiting Sectors
The majority of recruitment takes place in the BFSI industry, which continues to be the institute’s strongest domain. Other sectors include consulting, financial analytics, and corporate banking.
Top Recruiters
Placement Report 2022-23
| Batch | Highest CTC | Average CTC | Top Recruiters |
|---|---|---|---|
| 2023 | INR 12.6 LPA | INR 7.6 LPA | Acuity Knowledge Partners, NCDEX, NSE, Ericsson |
AJNIFM’s placement success reflects its strong industry interface and academic excellence. With an extensive network of alumni in leading financial institutions, the institute continues to provide outstanding opportunities for its students.
Important FAQs on Arun Jaitley National Institute of Financial Management (AJNIFM)
Below are frequently asked questions about AJNIFM — including its location, programs, eligibility, and institutional status.
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Is Arun Jaitley National Institute of Financial Management (AJNIFM) affiliated with any university?
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