Kolkata, February 4: India's leading exchange, the National Stock Exchange (NSE), and BIBS, Kolkata, Eastern India's leading Business School has signed a Memorandum of Understanding (MoU) to launch a Post Graduate Programme in Financial Markets (PGPFM).
The programme will commence from academic session 2015-16 and classes will be held from July at the BIBS campus - Kolkata.
Mr Ravi Varanasi, Head of Business Development at NSE said, "There is a huge skill deficit in India, but growth in the financial sector will throw up lakhs of jobs in the coming years. Our attempt is to bridge this skill gap by educating young students about different aspects of the financial markets."
The programme is a first of its kind in Eastern India that aims at bringing a systemic, single focused approach to education in financial markets, leading to an MBA.
The programme is designed to provide hands-on education through NSE's Live Software simulations that give the students a complete exposure to the financial markets.
This will be accentuated by experts from NSE as well as from the Financial World who will mentor and train the students as an integral part of the course. At the end of the course a student becomes an expert in Financial Markets while also completing an MBA.
The courseware has been jointly designed by NSE and BIBS.
Mr Vidur Kapoor, Chairman, BIBS, said, " With the PGPFM and MBA programme, we will make the students not only employable from day one but also provide them with cutting edge skill sets which will help them move up faster in their careers in the financial world."
Students enrolling for the course will be taught by the BIBS Faculty and specialists from NSE, thereby giving them both the academic and practical approach to their learning. To benefit students, NSE will also provide simulated software as well as mock and live trading terminals to give students a feel of a real-time platform.
As students complete the 11 month long programme, they will simultaneously complete two semesters of their MBA. They will get placement assistance and will get an opportunity to be absorbed in the best of the finance companies.
While on the Job, students will complete the rest two semesters of their MBA.
Financial education has been a key focus area for NSE for many years. The exchange has conducted hundreds of seminars on financial literacy, to bring more people into the financial mainstream.
Post Graduate Programme in Financial Markets equips the participants with comprehensive knowledge and skill enhancement to meet the vibrant demands of the financial sector both at the domestic and at international levels. NSE and BIBS will bring together the renowned academicians and financial experts associated with major corporate houses, business conglomerates and academic institutions.
This unique combination ensures that students learn comprehensive, state-of-the-art financial thinking and techniques, practiced in the rapidly growing and diversified Indian markets.
NSE has launched several MBA and PG Diploma courses in financial markets in association with various institutions across India, to meet the growing need for qualified and skilled professionals in the financial sector.
Apart from the tie-up with BIBS, NSE has partnerships with various state governments, institutes and universities, among others. It is estimated that 47 lakh professionals will be required by the banking, insurance and financial services sector by 2022 and these courses will help to address the shortage of skilled professionals.
About NSE: National Stock Exchange of India (NSE) was set up to provide a modern, fully automated screen-based trading system with national reach. NSE offers trading in equities, futures & options in equities, currency and interest rates, fixed-income, exchange-traded products and provides a platform for distribution of mutual funds and mechanism for securities lending and borrowing. For more information about NSE, please visit: www.nseindia.com.
About BIBS: BIBS Kolkata is a Premier Business school which has been consistently delivering the Best MBA Placements in Kolkata. Pioneers in Industry Interaction, BIBS draws it success from the concept of Industry being involved with its students on a day to day basis, giving them the practical exposure to their MBA Course which enhances their education.