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Indian students will now be able to do a five year MBA course in Financial Markets, because the National Stock exchange (NSE) 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 affiliated Colleges, signed an agreement to start the five year MBA course in Financial Markets from the coming July/August session.Students, who have completed their schooling with a minimum of 50%, will be eligible for this course. They have the option of either doing a three years BBA Degree course 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, after completing a three year BBA course, will also have to appear for 8 modules of NSE's NCFM (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.
Courtesy: Times of India
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