On March 27, Chennai based Loyola Institute of Business Administration (LIBA) and National Institute of Securities Market (NISM), an education initiative of Securities and Exchange Board of India (SEBI) announced their joint venture to design a programme with a specialised focus on securities market. The programme will not only focus on providing education for students and professionals but will also provide financial education and standards to improve financial literacy in the country. LIBA will offer this course from the next academic year (2018-19).
The joint venture will mark yet another milestone in the industry-academia collaboration to fulfil the growing demand for securities market in India. The Memorandum of Understanding (MoU) was signed in the presence of Father P Christie S.J, director, LIBA and Sandip Ghose, director, NISM, along with other senior management representatives and academicians from NISM and LIBA.
Considering the increasing demand for securities market, NISM and LIBA have collaborated to design a management course that specialises in this segment to bridge the existing skill gap in the industry. The course will be offered under full time and part time (3 months, 6 months and 1 year) programmes, certification programmes, workshop and faculty development programmes.
On the occasion, Fr. P Christie S.J. said, “It is a momentous event for LIBA to sign a MoU with NISM as an industry partner to offer programs in the area of securities market. With its expertise, NISM will be able to add value to the students of LIBA. LIBA is the first B-School in South India which is forging ahead in signing an agreement with NISM to offer Securities Market as a specialisation for the part-time and full-time PGDM students. We are extremely happy to note that LIBA with its focus on excellence and ethics has found a renowned industry partner, which espouses the same values”.
Commenting on the MoU, Ghose said, “The field of securities market is a confluence of related areas like economics, financial economics, accounting, reporting and much more. With the increasing demand for stock market, it is important to create awareness about stock exchange, mutual fund and increase the participation in the securities market. We strongly believe that this MoU with LIBA will help in promoting securities market research and education.”
Promoted in 1979, Loyola Institute of Business Administration is a premier B-school that endeavours to contribute to the sustained development and inclusive growth of the nation by preparing managers imbued with a spirit of innovation and entrepreneurship.
The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India.
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