IIM-Lucknow and FPSB India have Launched a Certification Program in Financial Planning.

IIM-Lucknow: In response to the growing demand for skilled professionals in the financial planning industry, Indian Institute of Management (IIM) Lucknow has signed a Memorandum of Understanding (MoU) with Financial Planning Standards Board (FPSB) India.

The MoU signed today by Professor Archana Shukla, Director-in-charge, IIM Lucknow, and Krishna Mishra, Chief Executive Officer, FPSB India, marks a significant progress in the reform of financial planning education and certification processes in India.

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Speaking during the MoU signing event, Professor Archana Shukla, Director-in-charge, IIM Lucknow, highlighted the institute’s dedication to academic excellence and meaningful collaboration. She said that at IIM Lucknow, the institute is committed to providing a comprehensive education that not only enhances the knowledge of the students but also equips them with the practical skills required to deal with today’s changing financial environment.

The complex financial challenges we face require contemporary and strategic solutions. This partnership with FPSB India reflects our commitment towards innovation, industry-relevant education and collaboration for the benefit of students and industry. As we work towards a ‘Viksit Bharat’, it is important that our Finance and Accounting curriculum remains dynamic and relevant, preparing our students to effectively deal with emerging financial challenges.”

The partnership will offer a certification program in financial planning, which will commence in the academic session 2024-25, and will be available to both students and working professionals.

During the event, Krishna Mishra, CEO, FPSB India, expressed his excitement about the partnership, saying, “We are thrilled to collaborate with IIM Lucknow to enhance financial planning education.”

This collaboration furthers our pursuit of excellence. Reflecting the commitment and need for modern solutions, FPSB, active in 28 regions including India, not only certifies professionals but also sets industry standards.

This initiative by IIM Lucknow and FPSB India is set to significantly impact the financial planning sector. By combining rigorous academic training with professional certification, the program will prepare a new generation of financial planners with the skills needed to meet the evolving needs of the field. This effort is expected to spur growth and enhance prosperity of both industry and the broader economy.