As India approaches the second decade of the 21st century on an aggressive growth path, our country is braced for its moments of glory to rise and stake its rightful claim as an economic superpower.
The Indian Banking Industry has also witnessed rapid growth in the last few years and is poised for a quantum leap in the coming decade, with the growing Indian economy.
To champion this momentum, there is a requirement of a new generation of bankers, who need to be identified, nurtured and transformed into business leaders in the coming years and serve the process of building India. This economic growth would call for financial support for the rapid and widespread infrastructure development, greater understanding of the dynamics and need of small and medium enterprises as they leap forward to become large corporates, specialised risk management to deal with global dynamics and the globalised face of banking and efficient technology platforms to facilitate safer, quicker, trouble free and error free banking transactions for the customers. Thus, in order to be equipped to supplement the growth story, the banking Industry would require top class business leaders who can display higher degree of knowledge, skills, business acumen and people management expertise.
A key driver to fuel the India growth story would be a paradigm change in our education system. Generic academic courses would need to pave the way for industry oriented programmes that equip the students with the knowledge and skills to be able to make a mark on the first day, thereby reducing the gestation period between theory and industry practice.
ICICI Bank has not only championed India's growth story, but also developed world-class business leaders. Industry academia partnerships have been our key focus area and this time we have partnered with NIIT University for a Master of Business Administration (MBA - Finance & Banking) programme with specialisations in finance and banking. The programme aims to provide MBA (Finance & Banking) to professionals, who demonstrate an aptitude for the banking industry, to get identified and nurtured as business leaders.
We are keenly looking at professionals from across industries with a high focus on telecom, oil & gas, energy, power, infrastructure, core manufacturing etc. Information Technology professionals can charter new horizons away from project management and coding to innovation and leadership. Chartered Accountants and legal professionals can aspire to exhibit higher degree of alternative corporate deployment of their skills post this programme. Experienced professionals from these industry segments can look forward to a career leap to business leadership positions and an opportunity to serve corporate India.
The two-year curriculum is aligned with the banking industry. The unique design of the programme focuses on providing a high degree of industry exposure, by academic and functional experts, from the financial domain and banking industry. The programme has this much-desired blend, wherein the students will undergo the industry-linked internship at ICICI Bank for a period of six months every year during the two-year course duration.
Post successful completion of this specialised MBA (Finance & Banking), professionals can aspire to be absorbed within specialised functions of the Bank. Their placement would be in the middle management positions with the opportunity to get an accelerated personal growth based on meritocracy.
With this partnership, we hope to create a school of enviable business leaders for the banking industry of tomorrow.