Archive for March 7th, 2010
IIM course for bureaucrats put on hold
Premier B-school Indian Institute of Management, Ahmedabad (IIM-A) announced yesterday (March 6) that it will not be announcing admissions to Post Graduate Programme in Public Management and Policy (PGP-PMP), primarily designed and offered to Group ‘A’ service civil servants in India. The one-year PGP-PMP programme offered at IIM-A since 2007 was especially designed for honing the skills of bureaucrats and fee of participants was partly funded by government’s Department of Personnel and Training (DoPT).
“The PGP-PMP course is under review at IIM-A and we shall not be announcing any admission to this course which is usually done in April,” Manager of Global Partnership and Corporate Affairs at IIM-A Ishita Solanki said. “Review of course fee structure could be one of the reasons behind putting it on hold,” sources at IIM-A said. “The fee for PGP-PMP was revised to Rs. 20 lakh for those enrolling in batch 2009-10 against Rs. 8 lakh offered to government-sponsored candidates in 2007,” sources said.
“The course has been discontinued this year because the three-year MoU signed with DoPT in 2007 lapsed in 2009-10 and it could not be renewed due to bleak response from the government,” a professor at IIM-A said.
IIM course for bureaucrats put on hold
Premier B-school Indian Institute of Management, Ahmedabad (IIM-A) announced yesterday (March 6) that it will not be announcing admissions to Post Graduate Programme in Public Management and Policy (PGP-PMP), primarily designed and offered to Group ‘A’ service civil servants in India. The one-year PGP-PMP programme offered at IIM-A since 2007 was especially designed for honing the skills of bureaucrats and fee of participants was partly funded by government’s Department of Personnel and Training (DoPT).
“The PGP-PMP course is under review at IIM-A and we shall not be announcing any admission to this course which is usually done in April,” Manager of Global Partnership and Corporate Affairs at IIM-A Ishita Solanki said. “Review of course fee structure could be one of the reasons behind putting it on hold,” sources at IIM-A said. “The fee for PGP-PMP was revised to Rs. 20 lakh for those enrolling in batch 2009-10 against Rs. 8 lakh offered to government-sponsored candidates in 2007,” sources said.
“The course has been discontinued this year because the three-year MoU signed with DoPT in 2007 lapsed in 2009-10 and it could not be renewed due to bleak response from the government,” a professor at IIM-A said.
Government may allow IITs to go global
The premier Indian Institutes of Management (IIMs) have got it and another premier chain of institutions – the Indian Institutes of Technology (IITs) may get it. The IIMs received the clearance to set shop overseas and sources say that IITs may follow their lead if the Ministry of Human Resource Development (MHRD) has its way. The MHRD wants to take the IIT to a global level and establish themselves as a global brand. So far they have along with the IIT senior officials drafted a proposal and will be looking at submitting it to the cabinet as soon as it is completed. They are in advanced stages of finishing the proposal and will submit it to the cabinet.
So far the plan is that they will target about five prime countries and establish themselves in those countries initially. The initial plan may be to establish joint ventures identifying prime institutions and then look at going independent completely. IIMs have also got a clearance earlier to establish themselves in foreign countries back in October 2009 and that very proposal had taken about two years to get completed. So it will take some time till finally the cabinet approves the HRD ministry’s proposal.
Source: www.moneycontrol.com
Government may allow IITs to go global
The premier Indian Institutes of Management (IIMs) have got it and another premier chain of institutions – the Indian Institutes of Technology (IITs) may get it. The IIMs received the clearance to set shop overseas and sources say that IITs may follow their lead if the Ministry of Human Resource Development (MHRD) has its way. The MHRD wants to take the IIT to a global level and establish themselves as a global brand. So far they have along with the IIT senior officials drafted a proposal and will be looking at submitting it to the cabinet as soon as it is completed. They are in advanced stages of finishing the proposal and will submit it to the cabinet.
So far the plan is that they will target about five prime countries and establish themselves in those countries initially. The initial plan may be to establish joint ventures identifying prime institutions and then look at going independent completely. IIMs have also got a clearance earlier to establish themselves in foreign countries back in October 2009 and that very proposal had taken about two years to get completed. So it will take some time till finally the cabinet approves the HRD ministry’s proposal.
Source: www.moneycontrol.com
Capital market courses attract younger generation
The young generation is all out to make its fortunes in the capital market. Unlike their elderly family members who occasionally dabbled in the stock market for some extra income, Gen Y is seeking its pot of gold by way of a career in the stock market. This is evident from the renewed interest in vocational courses specialising in the capital market and investments. About 23,000 candidates appeared for online certificate programmes conducted by the Bombay Stock Exchange (BSE) between April and December 2009. The National Stock Exchange (NSE), too, logged similar numbers for its capital markets and derivatives certificate programmes. The entry-level 3-month certificate programme on capital markets conducted by BSE has been logging 60-70 students per batch (six times in a year) over the past one year. If one goes by MF course trainers’ estimates, over 11,000 candidates have appeared for the AMFI mutual fund advisory module certificate over the past 10 months. Educational institutions like National Institute of Securities Market (NISM), Financial Technologies Knowledge Management Centre (FTKMC) and Narsee Monjee Institute of Management Studies (NMIMS) are also seeing a significant rise in the number of applicants for its capital market courses.
Increasing number of students are going in for core finance courses. While we have a good line of CEO and top-level executives attending specialised course modules, the new entry-level PG Diploma in Financial Market Practice course with IGNOU has already attracted a few hundred students, said Bandi Ram Prasad, President, FTKMC. Capital markets courses can be broadly classified into three parts. The first part could be certificate modules conducted by mainly exchanges and regulatory bodies like AMFI; professionals like dealers, derivatives traders and MF advisors mandatorily need to pass certificate courses in their core work areas. These courses keep them updated. The second part could be basic capital markets courses by exchanges for anybody (mostly fresh graduates) wanting to get a first-hand market idea. The third part could be professional courses imparted by educational institutions, targeting graduates with minor work experience. Investment strategies, analytics, risk management, portfolio management and product development are some of the key modules in professional capital markets degree courses.
We have received about 7,000 applications (for 30 seats) this year for our MBA programme in capital markets, said Anupam Rastogi, Chairman, NMAT Admissions Committee. Till 2007, our major recruiters were investment banks. During recession and after that period, our students are being recruited in larger numbers by brokers and fund houses, Mr Rastogi added. Echoing Mr Rastogi, MT Raju of NISM said: Interest in capital market programmes had declined, when the market was on a downtrend in 2008. The trend is reversing now. Similar is the case with respect to jobs, when the market is trading higher, all market intermediaries recruit students. Recruitment also hit a slump when the market decline over a longer period, Mr Raju added.
Source: The Economic Times, March 5, 2010 (Reported by Shailesh Menon)
Capital market courses attract younger generation
The young generation is all out to make its fortunes in the capital market. Unlike their elderly family members who occasionally dabbled in the stock market for some extra income, Gen Y is seeking its pot of gold by way of a career in the stock market. This is evident from the renewed interest in vocational courses specialising in the capital market and investments. About 23,000 candidates appeared for online certificate programmes conducted by the Bombay Stock Exchange (BSE) between April and December 2009. The National Stock Exchange (NSE), too, logged similar numbers for its capital markets and derivatives certificate programmes. The entry-level 3-month certificate programme on capital markets conducted by BSE has been logging 60-70 students per batch (six times in a year) over the past one year. If one goes by MF course trainers’ estimates, over 11,000 candidates have appeared for the AMFI mutual fund advisory module certificate over the past 10 months. Educational institutions like National Institute of Securities Market (NISM), Financial Technologies Knowledge Management Centre (FTKMC) and Narsee Monjee Institute of Management Studies (NMIMS) are also seeing a significant rise in the number of applicants for its capital market courses.
Increasing number of students are going in for core finance courses. While we have a good line of CEO and top-level executives attending specialised course modules, the new entry-level PG Diploma in Financial Market Practice course with IGNOU has already attracted a few hundred students, said Bandi Ram Prasad, President, FTKMC. Capital markets courses can be broadly classified into three parts. The first part could be certificate modules conducted by mainly exchanges and regulatory bodies like AMFI; professionals like dealers, derivatives traders and MF advisors mandatorily need to pass certificate courses in their core work areas. These courses keep them updated. The second part could be basic capital markets courses by exchanges for anybody (mostly fresh graduates) wanting to get a first-hand market idea. The third part could be professional courses imparted by educational institutions, targeting graduates with minor work experience. Investment strategies, analytics, risk management, portfolio management and product development are some of the key modules in professional capital markets degree courses.
We have received about 7,000 applications (for 30 seats) this year for our MBA programme in capital markets, said Anupam Rastogi, Chairman, NMAT Admissions Committee. Till 2007, our major recruiters were investment banks. During recession and after that period, our students are being recruited in larger numbers by brokers and fund houses, Mr Rastogi added. Echoing Mr Rastogi, MT Raju of NISM said: Interest in capital market programmes had declined, when the market was on a downtrend in 2008. The trend is reversing now. Similar is the case with respect to jobs, when the market is trading higher, all market intermediaries recruit students. Recruitment also hit a slump when the market decline over a longer period, Mr Raju added.
Source: The Economic Times, March 5, 2010 (Reported by Shailesh Menon)
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