The CAT 2025 answer key and response sheet are now accessible on iimcat.ac.in. Candidates can submit objections from December 8 to 10 by paying a fee of ₹1200 for each challenge.
The CAT 2025 response sheet PDF is expected to be available by December 3, 2025, on iimcat.ac.in. Candidates can log in to the website to download their response sheet. The provisional answer key will also be released at the same time.
The XAT 2026 application form correction window is now open and will remain available until November 27, 2025, on xatonline.in. Registered applicants can revise selected fields such as personal details, academic information, work experience, test city preferences, uploaded documents, and the declaration section.
Founded in 1993 under the Ministry of Finance, Government of India, and renamed Arun Jaitley National Institute of Financial Management (AJNIFM) in 2019, this public autonomous institute in Faridabad, Haryana, focuses on financial management for governance. AICTE-recognized, it offers specialized MBA Finance and PGDM programs, training Group ‘A’ officers and professionals. Its vision as a Centre of Excellence drives research in accounting, audit, and fiscal management, supported by collaborations with JNU and international bodies like Edinburgh Business School. The 42-acre campus hosts events like the 32nd Foundation Day. Explore admission details at National Institute of Financial Management Admission.
AJNIFM excels in financial management education with government backing, global partnerships, and robust training facilities. Below are key highlights for 2026 aspirants.
| Particulars | Details |
|---|---|
| Establishment Year | 1993, renamed AJNIFM in 2019 |
| Institute Type | Public, Autonomous under Ministry of Finance |
| Campus Size | 42 acres |
| Accreditations | AICTE, CBC-NABET 4-star rating |
| Popular Courses | MBA Finance, PGDM Financial Management, PGDGA&A |
| Entrance Exams | CAT, XAT, CMAT, MAT, GMAT, CUET(PG) |
| Highest Placement (2024) | INR 10 LPA |
| Top Recruiters | KPMG, SBI Funds, Phillip Capital |
| Key Facilities | Market simulation lab, library with 50,000+ books, AC hostels |
| Course Name | Fees | Eligibility |
| P.G.D.M. (Post Graduate Diploma in Management) | ₹6,00,000 | Bachelor's degree in any discipline, minimum aggregate of 50%, valid score in national management entrance examinations (CAT, CMAT, MAT) |
| Post Graduate Diploma | ₹6,00,000 | Bachelor's degree in any discipline, Professional qualifications such as CA, CMA, CS, or CFA, Minimum aggregate score of 50% in undergraduate studies, Scores from national level entrance exams such as CAT, MAT, or CMAT |
AJNIFM offers AICTE-approved programs focused on finance, including MBA in Finance for officers and PGDM variants for professionals. Eligibility requires a bachelor’s degree with 50% marks, with selection via CAT, XAT, or equivalent exams plus GDPI.
| Course Name | Duration | Eligibility | Selection Criteria | Total Fees (INR) |
|---|---|---|---|---|
| MBA (Finance) | 2 Years | Bachelor's with 50% | CAT/XAT/CMAT/MAT/GMAT/CUET(PG) + GDPI | 15,00,000 (Officers/PSUs) |
| PGDM (Financial Management) | 2 Years | Bachelor's with 50% | CAT/CMAT/XAT/GMAT/MAT | 6,00,000 |
| PGDM (Financial Markets) | 1 Year | Bachelor's with 50% | CAT/CMAT/XAT/GMAT/MAT | 6,00,000 |
| PGDGA&A | 1 Year | Bachelor's/CA/CMA/CS/CFA with 50% | Entrance scores | 6,00,000 (includes laptop ₹50,000) |
| Certificate Course (DGR) | 24 Weeks | Ex-servicemen | DGR nomination | 2,20,000 (40% by participant) |
For full course details, visit National Institute of Financial Management Courses.
The MBA in Finance at AJNIFM costs INR 15,00,000 for two years, targeting government officers and PSU employees. Fees cover tuition, materials, and facilities, with overseas participants paying US $25,000.
Admissions for 2026 at AJNIFM require a bachelor’s degree with 50% marks and valid scores from CAT, XAT, CMAT, MAT, GMAT, or CUET(PG), followed by GDPI. Applications open post-entrance results, with XAT 2026 registration ending December 5, 2025, and CAT on November 30, 2025.
Learn more about entrance exams at CAT 2025 Cutoff.
In 2024, AJNIFM placed 25 of 27 eligible MBA Finance students (92.6%), with a highest package of INR 10 LPA and average of INR 4-6 LPA. Recruiters like Phillip Capital, SBI Funds, and KPMG hired for finance and analytics roles. Placements for 2025 has not been released yet. Once it is released, it will be updated here.
| Particulars | 2024 Statistics |
|---|---|
| Students Enrolled | 29 |
| Students Placed | 25 |
| Placement Rate | 92.6% |
| Highest Package | INR 10 LPA |
| Average Package | INR 4-6 LPA |
| Top Recruiters | Phillip Capital, Tipsons Group, Care Ratings, SBI Funds, KPMG |
Check placement trends at National Institute of Financial Management Placements.
CAT cutoffs for AJNIFM’s MBA and PGDM programs are approximately 75 percentile for general category, with 60-65 for reserved categories. Sectional cutoffs range from 45-50, adjustable based on applicant quality.
AJNIFM is unranked in NIRF 2025 for Management but holds a CBC-NABET 4-star rating for excellence in capacity-building programs, reinforcing its stature in public financial management.
| Ranking Body | Year | Category | Rank | Notes |
|---|---|---|---|---|
| NIRF | 2025 | Management | - | No participation noted |
| CBC-NABET | Recent | Overall Excellence | 4 Stars | Awarded for training quality |
| Dewang Mehta | 2012 | Finance Curriculum | Best Academic Syllabus | Recognized at 20th Business School Awards |
The 42-acre Faridabad campus features smart classrooms, a library with over 50,000 books, and a market simulation lab for real-time finance training. Sports facilities include badminton, squash, and yoga, with AC hostels for all trainees.
Scholarships at AJNIFM focus on merit (entrance scores above 90 percentile) and gender-sensitive programs, offering up to 20% fee waivers. Need-based aid supports select workshops.
| Scholarship Type | Eligibility | Amount |
|---|---|---|
| Merit Scholarship | Entrance 90+ percentile | Up to 20% of fees |
| Gender Budgeting Aid | Women in specified programs | Variable, budget-based |