IIM-Mum proposes satellite campus with UG & PhD courses
The proposal, sent by IIM-Mumbai director Manoj Tiwari, said the satellite campus can offer undergraduate, postgraduate and PhD courses in economics, accounting and finance, technology and data science, with law and regulation, where each discipline can have a synergetic relationship with one or more. The campus can collaborate with other leading institutions and financial organisations in the country and abroad, it added.
The proposal listed BS and MS courses, adding that offering UG, PG and PhD courses will allow the institute to participate in global academic rankings and research networks. In line with NEP 2020, the document emphasised the need for flexible, multidisciplinary education and strong research ecosystems.
The proposal said a world-class institute with the IIM tag could draw top-tier academics, regulators, investors and entrepreneurs.
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Pointing out that the city is home to regulatory bodies such as RBI, Sebi, BSE and NSE, and serves as the headquarters of major public and private sector banks, and mutual funds and insurance companies, it said establishing a world-class institution in finance and technology in Mumbai would anchor the country's leadership globally in digital finance, besides bridging the talent-policy-research gap.
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Calling the proposal unique, Tiwari said it aims to change the landscape of technology-driven management education in the domain of finance and economics.
"This will also give an opportunity to govt to build an institute to offer courses in emerging fields of fintech. Additionally, with proximity to national regulatory bodies, training manpower will be seamless. The institute will help create futuristic manpower in technology advances and meet the growing requirement of the country," he said.
The document also suggested a tentative budget for the project.
On the Viksit Maharashtra 2047 vision document, Shailendra Deolankar, director, higher education, said the higher education sector is very comprehensive and dynamic and input should, therefore, not be confined to a few state experts. "The department is, therefore, seeking recommendations from state institutions, central institutions, all stakeholders, parents and even the public."
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