ICICI Business Leadership Programme is an initiative by ICICI Bank in partnership with NIIT University to deliver Master of Business Administration (MBA – Finance & Banking) programme with specialization in finance and banking.
Commencement of Programme and Batch schedule :
The 4th batch of the programme will commence in October 2012.
“Admissions will also be subject to fulfilling eligibility norms and other criteria of NIIT University”.
Application Open – May 08, 2012
Application close – July 15, 2012
The programme has a desired blend, wherein students will undergo six months module of industry linked internship at ICICI Bank twice during the 2 year course duration.
The course structure will be as follows :
1. Term 1 & 2- Classroom programme at Neemrana Campus (Rajasthan).
2. Term 3 & 4 – Internship at ICICI Bank.
3. Term 5 & 6- On campus classroom programme in the area of specialization.
4. Term 7 & 8- Internship in the area of specialization.
Each term comprises of 3 months duration :
Students joining will be trained in the areas depending on their electives including Corporate Banking, Risk Management and Information Technology.
During the internship the weekly schedule will consist of the students undertaking on-the-job training for 5 days. The 6th day will be reserved for classroom engagement with the assigned faculty.
On successful completion of the MBA (Finance & Banking) Programme students will be absorbed at ICICI Bank as Manager-II grade or above based on duration of prior work experience.
The starting remuneration on Cost to Company basis for these students will be in the range of 15 lacs and above [Per Annum].
Working professionals who are CAs / Engineers / Graduates in any discipline(s).
Academic qualifications – Graduates from engineering, IT, finance, economics, law, commerce, statistics etc / Chartered Accountants / Professionals with varied work experience (including shop floor professionals).
Professional experience – Preferable work experience in industries like manufacturing [pharmaceuticals, steel, oil, gas and petroleum, etc.], infrastructure, aviation, software, power, telecom and finance.
Minimum 60 % in Graduation /12th / 10th.
Work Experience after graduation- Minimum of 3 Years (Full time experience).
Age – Applicants should not exceed 30 years of age (as on 22nd October, 2012).
Applicants will be shortlisted on merit and will be invited for the selection process.
Shortlisted applicants will have go through the below mentioned selection stages:
Entrance test – The entrance test aims at measuring the aptitude of the applicants through verbal ability, numerical ability and logical reasoning.
Group discussion stage – Applicants clearing the aptitude test will be invited for group discussion. Based on case studies, the group discussions are mainly conducted to judge applicants on their analytical thinking, approach adapted to hypothetical business situations and the ability to break down complex problems to arrive at simple solutions.
Psychometric Profiling / Personal Interview – Applicant clearing GD stage will be eligible for the Personal Interview Stage.
Psychometric Profiling – This is a questionnaire based psychometric tool that assesses the typical or preferred behaviour of individuals in work settings. Applicants are required to complete the questionnaire before they appear for the interview. This tool gives us a better understanding of preferred behaviour of the applicant and is not used for elimination of applicants.
Personal Interview – Shortlisted applicants will go through the personal interview round. This is the final step in the selection process.
Fee and Stipend
To pursue the ICICI Business Leadership Programme (MBA – Finance & Banking Programme), the interested students will have to invest 4.5 lacs which would be provided by ICICI Bank as a subsidized loan at an interest rate of 2.5% p.a.
The EMIs for the loan would start once you have joined the bank. There would be no recovery of EMIs or interest during the initial programme period of 2 years. The EMIs are spread over a period of 60 months from the start date of employment with ICICI Bank and will attract a rate of interest of 2.5 % p.a. to ensure that there is minimal impact in the monthly earnings. The EMI will be approximately 9,000 per month.
Despite the 4.5 lacs being paid by the students, it is a benefit for the applicant since the loan is being extended by ICICI Bank at subsidized interest rate of 2.5 % p.a.
No EMIs/Interest will be recovered during the programme period. During programme period of 2 years students would be paid stipend/scholarship ( 10,000/- (per month) during class room programme phase & 50,000/- (per month) during Internship phase.)
The EMI/Interest recovery starts only from the 1st salary drawn on joining the bank after completion of the programme & internship.
During the classroom training period the students will be paid a stipend of 10,000 per month to cover the incidental expenses.
During the internship phase with ICICI Bank, the students will be paid a stipend of 50,000 per month to cover the expenses incurred.