Indian students will now be able to do a five year MBA course in financial markets, because the National Stock exchange has tied up with the Punjabi university, Patiala to start the first course of its kind in India. On the 27th of this month, senior officials from NSE and the Punjabi university, which has 166 affiliate colleges, signed an agreement to start the five year MBA course in financial markets from the coming July /August session.
Students who complete their schooling with a minimum of 50%, will be eligible for this course. They have the option of either doing a three years course and taking a BBA degree in financial markets or studying a five year course for an MBA degree in financial markets. The courses will equip students with academic skills and make them more eligible for the job market. Students who complete a three year BBA will also have to appear for 8 modules of NSE’s NCFM or national certification in financial markets.
The NCFM modules are widely recognized in India as a necessary criterion for employment in the financial and capital markets space. Students who complete the five year MBA will also have to pass tests on 20 NCFM modules and will be provided certificates. NSE will train the faculty of all affiliated colleges of Punjabi university and will depute experts in financial markets to be guest lecturers in these colleges.
Mr Ravi Narain, MD & CEO NSE stated, “Financial education of investors has been a key focus area of NSE for many years. The exchange has conducted hundreds of seminars on financial literacy, to bring more people into the financial mainstream. This is another step in that direction to train the youth and empower them to take sound financial and investing decisions.” The Punjabi university will grade students, not only for the course content of the MBA, but also for the NCFM modules which are mandatory to get the BBA or MBA degree.
Apart from training the faculty, NSE will provide a mock investment, trading and portfolio management software, so that students can develop essential skills for financial markets. It is estimated that 62 lakh professionals will be required by the BFSI sector by 2022, but there is a huge shortfall in this target. These courses will help employers to find youth with the requisite skills. . About Punjabi University, Patiala (PUP) It was established on April 30, 1962 in the erstwhile princely state of Patiala , with the objective of encouraging the use of the Punjabi language and promoting art and literature. The Punjabi University has now grown to be the largest University in Punjab. Its 500 strong faculty is guiding nearly 9,000 students, who study in its 166 affiliate colleges. The university comprises of 65 Teaching and Research Departments on its Campus, five Regional Centres, six Neighbourhood Campuses and 166 affiliated colleges.
Punjabi University Patiala was established on April 30, 1962 in the erstwhile princely state of Patiala , with the objective of encouraging the use of the Punjabi language and promoting art and literature. The Punjabi University has now grown to be the largest University in Punjab. Its 500 strong faculty is guiding nearly 9,000 students, who study in its 166 affiliate colleges. The university comprises of 65 Teaching and Research Departments on its Campus, five Regional Centres, six Neighbourhood Campuses and 166 affiliated colleges. This association is going to be a historic one as this is an initiative first of its kind and effort by NSE is laudable.
Definitely this will go a long way in providing a clear cut education for the students in India and people will be able to take the stock market education seriously and can consider financial sector as a career where formal education which is recognised worldwide is available. Thus we have a new career opportunity available for the children to explore and choose it as a career.