Arun Jaitley National Institute of Financial Management (AJNIFM): 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

Parameter	Description
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	42.00 acres

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

Course	Total Fees	Eligibility Criteria
P.G.D.M Financial Management	Rs. 15,00,000	Candidates must have graduated with a minimum of 50% marks from a recognized university.
P.G.D.M Finance	Rs. 10,00,000
P.G.D Government Accounting and Internal Audit	Rs. 7,00,000	Any bachelor’s degree of at least three years’ duration from a recognized university.
FPM	N/A	To be eligible for admission to the Fellowship programme, candidates must hold a master’s degree or equivalent in Management/ Biological Science/Pure Science/Commerce/ Economics/Social Science/Humanities with a first class.

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 2023

For Private Participants/Corporate Executives

·         Candidates must apply using the prescribed application form, which must be completely filled out. A completed application form, a résumé, proof of educational qualifications, category certificate work, experience (if applicable), and a copy of a valid CAT/XAT/CMAT/MAT/GMAT scorecard are required.

·         Arun Jaitley National Institute of Financial Management (AJNIFM), Sector-48, Pali Road, Near Badkhal Lake, Faridabad-121001, Haryana, on or before 30th April 2022.

·         Write “Application for MBA (Finance), 2022-24” on the envelope. The completed application form should also be emailed to finance@nifm.ac.in.

For Government Sponsored Officers/Candidates                     

·         Candidates supported by the government are eligible for immediate admission to the full-time Master of Business Administration (Finance) program. Complete applications must be sent by Arun Jaitley National Institute of Financial Management (AJNIFM) by June 20th, 2022. The Institute will shortlist candidates, and the shortlisted candidates and their sponsors will be notified.

·         The institute reserves the right to conduct interviews with such applicants. All supporting documents/testimonials (matriculation certificate and onwards, as well as a relieving letter from the company) must be submitted in original at the time of final acceptance to the Program.

Required Documents

•  A copy of your tenth, twelfth, and graduation mark sheets and certificates.
• Candidates in their final year of graduation must present a semester-by-semester or year-by-year mark sheet with their admission card for their upcoming final year test, or a letter from the Head/Dean of the College/University stating the same.
• A copy of the category certificate issued by the federal or state governments.
• A copy of a valid CAT/XAT/CMAT/MAT/GMAT score card.
• A copy of your professional qualification, such as a CA, CS, CWA, CFA, or other professional certificate.
• Demand Draft for application fees (if paying offline).

Note(s):

• Except for the Demand Draft, all of the above-mentioned documents must be self-certified or authenticated.
• A demand draft for the application fee should be made payable to “Accounts Officer, Arun Jaitley National Institute of Financial Management” in Faridabad.

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

Bath	2022
Highest CTC	INR 12.6 LPA
Average CTC	INR 7.6 LPA
Top Recruiter	Acuity Knowledge Partners, NCDEX, National Stock Exchange, Ericsson