Chandigarh University introduces India’s 1st
Industry collaborative Management program in Financial Engineering
Industry Giants ICICI direct, Tally
Solutions, FLIP signs MoU with Chandigarh University at CII
“India is the
fastest emerging economy and financial institutions like Banks, Stock Markets,
Commodity Exchanges, and Future Trading form the backbone of any Nation that is
on trajectory path leading to growth. But with changing business trends
globally, there is an urgent need of trained professionals who are groomed to
manage the technological advancements in financial sector & understands the
new terminology of Financial Engineering that will be future for Management
students”. This was stated by Mr. Neeraj Joshi, Vice-President & Business
Head, ICICI Centre for Financial Learning while launching India’s 1st
management program, MBA (Banking & Financial Engineering) in collaboration
with Chandigarh University here at CII, North Region headquarters in
Chandigarh.
The 1st
of its kind initiative taken by Chandigarh University in the area of Financial
Engineering that has brought Industry giants like ICICI direct, FLIP (Education
partner Infosys-Finacle) and Tally Solutions together on common platform to
introduce this unique management program in India. A MoU in this context was
signed today at CII between Chandigarh University and Industry partners under
which 2-year MBA program in Banking & Financial Engineering would be
offered by University School of Business at Chandigarh University from 2015 session.
Representatives from 20 Financial Institutions like Banking & Insurance
companies, Asset Management Companies, Mutual Fund & Financing Houses
endorsing the newly launched program were also present on the MoU signing
ceremony.
“Students of MBA
(Banking & Financial Engineering) would have an edge while being recruited
by Financial Institutions as they undergo training & certification in Tally
which is the most preferred Accounting-to-ERP business management solution with
over 90% market share and 2.8 million users worldwide” said Mr. Rakesh K Menon,
National Head, Tally Education. “Chandigarh University has undertaken a new age
measure in Management education and Tally Solutions has the honor to venture
with the CU to be part of this unique program that will prepare industry ready
professionals for leading financial institutions” Rakesh Menon added.
While addressing
to the media queries, Anjali Mulltani, CEO, FLIP (Education partner Finacle
Infosys) said that “The MBA students at Chandigarh University would also
certification of Finacle which is Account Management Software used by 85% of
Indian banks and 143 banks worldwide for their core banking solutions”. This
certification along with Chandigarh University degree will be value-addition
for the students that will be out-right available for placements in banks,
stock markets, insurance & asset management companies, Anjali added.
“Financial
Engineering is new terminology in India which covers advanced areas like Risk
Management, Banking & Insurance, Asset Management and others that
practically covers all areas pertaining to financial sector” said Dr. R.S.Bawa,
Vice-Chancellor, Chandigarh University. “We at Chandigarh University strictly
believe in providing the best Return-on-Investment for our students and
MBA(Banking & Financial Engineering) is one such initiative undertaken by
CU that will be responsible for preparing future managers with technological
skills” Dr. Bawa said.