The two institutes will also jointly organize workshops, seminars and conferences to facilitate knowledge exchange and networking opportunities for professionals and students.
IIM Bangalore and the Financial Planning Standards Board India (FPSB India), which sets professional standards for the profession have signed an agreement to offer an executive education program in financial planning.
The collaboration will bring together expertise of the two institutions to provide working professionals and students a “learning experience” that meets industry needs.
The two institutions will jointly create continuous professional development resources and “curate” initiatives and events to make education and training accessible to finance students, said a press release.
As part of the collaboration, FPSB India will grant five merit-based scholarships to candidates with the "requisite skills, knowledge, and certifications for a successful career as a Certified Financial Planner (CFP) professional".
The two institutes will also jointly organize workshops, seminars and conferences to facilitate knowledge exchange and networking opportunities for professionals and students.
"This collaboration signifies a significant milestone in our efforts to elevate the financial planning profession in India. By partnering with IIM Bangalore, we aim to offer students unparalleled opportunities to excel in the professional financial planning sector and contribute to industry growth," said Krishan Mishra, chief executive officer of FPSB India.
Professor Rishikesha T Krishnan, director of IIM Bangalore, said, "We are delighted to collaborate with FPSB India in our shared mission to bridge the gap between academia and industry in personal finance.”
“Together, we will leverage our combined expertise to equip future finance professionals with the skills and knowledge needed to thrive in today's dynamic business environment,” Krishnan added.
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