The MoU was finalized by Professor Archana Shukla, Director-in-charge of IIM Lucknow, and Krishan Mishra, Chief Executive Officer of FPSB India. This partnership marks a significant step in advancing financial planning education and certification in India.
In response to the increasing demand for skilled professionals in financial planning, the Indian Institute of Management Lucknow (IIM Lucknow) has signed a Memorandum of Understanding (MoU) with FPSB India. The MoU was finalized by Professor Archana Shukla, Director-in-charge of IIM Lucknow, and Krishan Mishra, Chief Executive Officer of FPSB India. This partnership marks a significant step in advancing financial planning education and certification in India.
Professor Shukla’s Vision for Enhanced Education
During the MoU signing ceremony, Professor Archana Shukla highlighted IIM Lucknow’s commitment to academic excellence and impactful collaborations. She remarked, “At IIM Lucknow, our goal is to provide a well-rounded education that not only broadens students' knowledge but also equips them with practical skills needed for today’s financial environment. This collaboration with FPSB India aligns with our commitment to innovative, industry-relevant education. As we strive towards a 'Viksit Bharat,' it is essential that our Finance and Accounting curriculum evolves to address the complexities of the financial world.”
Program Details and Key Outcomes
The partnership will introduce a new certification program in Financial Planning, set to launch in the academic session of 2024-25. This program will be available to both students and working professionals. The key outcomes of the MoU include:
- Certification Program in Financial Planning: A comprehensive program designed for aspiring students and professionals, integrating academic rigor with practical skills.
- Enhanced Financial Planning Education: A joint effort to elevate financial planning education standards in India, ensuring industry-relevant training.
- Professional Certification Integration: Combining IIM Lucknow’s academic excellence with FPSB India's certification process, providing a pathway to the globally recognized CFP® certification.
- Skilled Workforce Development: Preparing a new generation of financial planners with the necessary skills for holistic financial services.
- Global Career Opportunities: Equipping individuals to pursue rewarding careers both in India and internationally while maintaining high standards of professionalism.
Insights from FPSB India
Q: Is IIM Sambalpur good for MBA?
IIM Sambalpur is on 58th position in the list of top 100 Management institutes in India, according to NIRF Ranking. The institute offers a two year residential MBA course admission to which is done through CAT, followed by a personal interview and the final merit list is prepared on the basis of the performance of the candidate in academics, CAT, Personal Interview and work experience, if any.
Aspirants check below infographic for students reviews on IIM Sambalpur:
Q: Is IIM Sambalpur a good college?
Yes, IIM Sambalpur is one of the best B-schools in India. It is one of the newest IIMs, established in 2015, and despite that, it has quickly achieved its name among the top Management colleges in India. IIM Sambalpur has been ranked 58 by NIRF 2023 in the Management category, 43 by Business Today Ranking 2023 for the MBA category, and 33 by IIRF Rankings 2023 among the top MBA colleges in India. IIM Sambalpur is known for its academic programmes, experienced faculties, and excellent placements. IIM Sambalpur usually records a 100% placement rate. The highest package stood at INR 23.5 LPA for the IIM Sambalpur placements 2024.
Q: How is the student life at IIM Sambalpur?
College life at IIM Sambalpur is a mix of extracurricular activities, academics, and personal growth. Life is hectic but never mundane. The academic curriculum is rigorous, but the faculty is helpful and supportive. Students have access to various resources, such as library, computer labs, etc. Students at IIM Sambalpur run a number of student committees and clubs. These clubs and communities provide students with an opportunity to pursue their interests and develop their skills. IIM Sambalpur helps students grow personally as well as professionally.
Q: What is IIM Sambalpur famous for?
The Sambalpur campus of the Indian Institute of Management is considered to be one of India's most famous management schools and offers an excellent learning experience for managers. The institute has the reputation for its faculty, composed of experienced and highly qualified personnel with expertise in different areas of management.
The Sambalpur Institute of Management is also well known for its focus on innovation and entrepreneurship. A dedicated incubation centre is set up at the Institute to help students turn their entrepreneurial ideas into successful businesses.
Overall, IIM Sambalpur has a reputation for excellence in education, focus on innovation and entrepreneurship as well as commitment to research excellence.
Krishan Mishra, CEO of FPSB India, expressed his enthusiasm for the collaboration, stating, “We are thrilled to partner with IIM Lucknow to advance financial planning education. This partnership reflects our dedication to excellence and the need for modern solutions in a profession with a long history. FPSB, which operates in 28 territories including India, not only certifies professionals but also sets industry standards.”
Mishra added, “For students, starting financial planning early with your first salary and seeking advice from credible sources is crucial. This partnership aims to bridge the skills gap and empower financial planners to provide comprehensive services.”
A Step Towards Bridging the Skills Gap
Professor Vikas Srivastava, Dean (Programmes) at IIM Lucknow, emphasized the importance of this initiative: “In an ever-evolving financial landscape, it is crucial to equip our students with the skills and knowledge necessary for success in financial planning. The partnership with FPSB India is a vital step towards addressing this need and developing a generation of proficient financial planners.”
This collaboration between IIM Lucknow and FPSB India is set to make a significant impact on the financial planning sector. By integrating rigorous academic training with professional certification, the new program will cultivate a skilled workforce ready to meet the sector’s evolving demands, driving growth and prosperity in the industry and beyond.
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