Amid steady demand for mainstream business programmes such as Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM), the full inaugural batch of the newly launched MSc in Finance at the Sydenham Institute of Management Studies, Research and Entrepreneurship Education (SIMSREE) under the University of Mumbai indicates increasing demand for specialised financial education.
After having received more than 500 applications for just 30 seats of the first batch of the course, ultimately, the SIMSREE admitted 33 students, exercising its permitted 10 per cent intake increase, reflecting the strong response.
This two-year full-time programme is offered in collaboration with the Financial Planning Standards Board (FPSB) as an industry partner, which has instantly made it a much sought-after academic course, with limited options to pursue such a specialised course in Mumbai, the financial capital of the country.
The course is aimed at training students in key areas such as investment management, financial planning, risk analysis, and corporate finance. The FPSB collaboration offers Certified Financial Planner® (CFP®) certification, recognized in over 25 countries.
Stating that the contemporary programme aligns with current market needs and is industry-relevant, Prof S S Dhure, Director of SIMSREE, further elaborated on the objective of the course. “There is growing interest in financial service careers in India. With the country marching toward becoming one of the top economies, we foresee a growing need for specialised training in the finance sector,” said Prof Dhure further added that the course is based on the curriculum outlines of a similar course offered at the London School of Economics.
Although there are limited options to pursue an MSc in Finance in the city, many are offered by private institutions, resulting in a higher cost of the fee structure. With few state-funded colleges currently offering such a course in Mumbai, according to Prof Dhure, the one offered by SIMSREE has gained instant traction because it is offering this industry-integrated course at affordable rates.
“The fee structure is Rs 3 lakh per annum, which is far less than the fees charged by private institutions. In addition to the industry integration with FPSB collaboration, the students are also drawn to the reputation of SIMSREE, which has been a sought-after choice to pursue mainstream business programmes,” he said.