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The BSE Institute, a subsidiary of the Bombay Stock Exchange and Rayat Bahra University together is going to introduce MBA in Financial Technology.
As the projected manpower requirement in the banking, financial services and insurance sector in India is likely to touch 8.5 million by 2022 from 4 million currently, and to bridge the skill gap BSE Institute is partnering with institutes, universities and industry.
Under the programme, students will spend one year at the university, while in the second year they will have one-year practical training at the BSE Institute, Mumbai.
“Due to the issuance of new bank licences and efforts being made by the RBI and the government to expand financial services into the rural areas, the hiring trend will get boost in the BFSI sector. Further, there is only 4% of the population which has access to stock market. So it suggests that there will be a robust demand in this sector in near future,” said Ambarish Datta, MD & CEO, BSE Institute Ltd.
“Besides partnering with institutes and universities to bridge the skill gap, we are also partnering with industry to launch innovative courses to train students as per the requirement of the industry. For example, last year we partnered with HDFC Bank to co-develop the content of the training course — Professional Banker Program (PBP),” he added.
The institute offers short-term and long-term courses in capital market, mutual fund, banking and finance and derivatives etc. In addition to this, it offers around 80 courses online.
The institute trains around 10,000 students every year and it claims to be world’s largest face-to-face capital market training programme. Currently, it offers about 110 short-term courses in subjects such as econometrics, technical analysis, reading of balance sheets, economic offences etc. It also offers postgraduate programmes focusing on capital markets besides undergraduate courses.
On job prospects after doing courses, he said, “Definitely yes. Since with the passage of time products are innovative and exchanges are becoming digital. So there is a demand for specialists. So we are training the students according to current day requirement.”