IIT Madras has tied up with Scope International (an auxiliary of Standard Chartered Bank, United Kingdom) as another effort to let the academics come in close contact with the real business world. This would give a taste of the actual business sphere to MBA students as the course that has come out of the tie-up would be offered to them.

Memorandum of Understanding

On last Thursday, a MoU (Memorandum of Understanding) was signed with the IIT-M (Indian Institute of Technology, Madras) in Chennai. This memorandum says that both the organization would offer a course together on Financial Markets for students of MBA.

A New and Innovative Course

The course is 40 hour long and is open for MBA students, as said by M.S. Ananth, Director of IIT-M after the MoU was signed by both parties.

First Of its Kind

This course will be one of its kind as this is the first time that IIT has tied-up with a bank. The bank definitely has a lot of actual experience which it can distribute among the students.

Aims

The aim of the course is to equip students with an in-depth understanding of Financial Markets. The severe scarcity of man power with this particular skill set has to be met. That is why such an initiative was taken. It is being hoped that the partnership will serve the purpose in the long run.

The course has been divided into two 20 hours slot for each of the partners. The pilot course at IIT-M has already been launched where about fifty MBA students are being trained by executives of Scope International, United Kingdom and Singapore.