ICICIdirect Centre for Financial Learning (ICFL), an initiative of ICICI Securities, and XLRI - Xavier School of Management, Jamshedpur today announced a strategic knowledge partnership to offer Management Development Program (MDP) and Long Duration Program (LDP) specialising in finance.

ICFL and XLRI have come together to offer these ‘certificate courses’ through a convenient online mode – virtual interactive classroom training. The program will aim at honing financial skills of working professionals with atleast 2-3 years of experience, according to Prof Ashis K. Pani, Associate Dean (VIL) from XLRI – Xavier School of Management.

“This tie-up will help interaction between student and industry experts,” Pani said.  Plans are afoot to explore opportunities on introducing similar courses for freshers.

According to Vineet Arora, EVP- Product and Distribution, ICICI Securities, while, XLRI brings its expertise ( curriculum design, quality of faculty, content development); ICFL will bring a practitioner’s perspective. This means ICFL will be a knowledge partner to the project.

“Young working professionals need simple modes of learning finance. We are looking forward to a successful partnership which will help several young Indians take up finance as a career option,” Arora said.

Course and Content

Currently, out of the two programs the ‘eMDP’ (management development program) is a short duration one covering financial analysis techniques and equity research, financial instruments, markets and investment choices, data analysis among others. The program fees will be Rs 25,000 – Rs 100,000 per participant.

According to Neeraj Joshi, Head, ICFL, four courses – one each on financial research, financial modelling, finance for manager (those who don’t have a finance background) and financial investments - will be introduced initially.

Courses under the LDP – that ranges from six months to one year in finance or related area and will be priced between Rs 150,000 and Rs 300,000 – are yet to be worked out.

Four XLRI Professors will deliver the course from a studio at the XLRI Campus in Jamshedpur using a Virtual Interactive Learning environment (virtual classrooms where two way communications will be possible). ICFL authorized learning centres will enable the delivery of the programs.

Currently six such authorised centres will be coming up – one each in Mumbai, Delhi, Hyderabad, Pune, Kolkata and Bengaluru. In the coming days, ICFL will look to add more centres across Tier-I and Tier-II cities and towns.

More such courses will be developed keeping in mind the market requirements. At least seven more courses are expected to be launched over the coming one year, of which some three-odd will be long duration programs.

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