To address the growing demand for skilled financial planning professionals, the Indian Institute of Management Lucknow has entered into a Memorandum of Understanding (MoU) with FPSB India. The agreement, signed by Prof. Archana Shukla, Director-in-Charge of IIM Lucknow, and Mr. Krishan Mishra, CEO of FPSB India, represents a significant advancement in enhancing financial planning education and certification in India.
Speaking during the MoU signing event, Prof. Archana Shukla, Director-in-charge of IIM Lucknow, highlighted the institution's dedication to academic excellence and meaningful collaboration. She stated, "At IIM Lucknow, we are dedicated to providing our students with a holistic education that not only enriches their knowledge but also equips them with practical skills for today's dynamic financial landscape. The complex financial problems we face demand modern, calculated solutions. This partnership with FPSB India reflects our commitment to innovation, industry-relevant education, and collaboration for the benefit of students and the industry. As we work towards a 'Viksit Bharat,' it's crucial that our Finance and Accounting curriculum remains dynamic and relevant, preparing our students to effectively address evolving financial challenges".
The partnership will introduce a new certification program in Financial Planning beginning in the 2024-25 academic year. This program will be available to both students and working professionals. Speaking during the event, Mr. Krishan Mishra, CEO, of FPSB India, expressed his enthusiasm regarding the collaboration, stating, "We are excited to partner with IIM Lucknow to advance financial planning education. This collaboration reflects our commitment to excellence and the need for modern solutions in a 51-year-old profession. FPSB, active in 28 territories including India, not only certifies professionals but also sets industry standards”.
Mr Mishra added, “To students, start financial planning with your first salary and ensure you seek advice from credible sources. This partnership aims to bridge the skills gap and equip financial planners to offer comprehensive services". This new initiative combines academic excellence with professional certification to bridge the gap between theoretical knowledge and practical skills in financial planning. The program is designed to cultivate a skilled workforce capable of meeting the evolving demands of the sector.
Speaking about the need to introduce this program, Prof. Vikas Srivastava. Dean (Programmes), IIM Lucknow, said, “As we navigate through an ever-evolving financial environment, equipping our students with the skills and knowledge to excel in financial planning is imperative. IIM Lucknow’s partnership with FPSB India is a step towards fulfilling this crucial need and fostering a generation of adept financial planners”.
The partnership between IIM Lucknow and FPSB India is poised to significantly influence the financial planning sector. By merging comprehensive academic training with professional certification, this new program will prepare a new generation of financial planners with the skills necessary to address the industry's evolving needs. This initiative seeks to promote growth and enhance the overall prosperity of both the sector and the broader economy.
