Veranda RACE, a division of Veranda Learning focused on competitive exam training and professional upskilling, has partnered with NEMI Education to offer a Post Graduate Program in Banking, Financial Services, and Insurance (BFSI) certified by IIT Indore. This collaboration aims to bridge the skill gap in the BFSI sector by providing industry-relevant expertise to aspiring professionals. NEMI Education, the exclusive skilling partner of IIT Indore through its Drishti CPS wing, will design and deliver the cutting-edge skilling program. The courses will be taught by a mix of IIT Indore faculty, experienced industry professionals, and will utilize a technology-driven learning platform. Veranda RACE’s extensive reach and experience in BFSI training will ensure the program benefits a wide range of students across the country. The initial offering will be a 4 to 6-month online Post Graduate Certificate in BFSI, with the first cohort tentatively scheduled to begin on May 1, 2025.
Key Insights:
The primary focus of this collaboration is to enhance the employability of individuals in the rapidly growing BFSI sector in India. By combining the academic rigor of IIT Indore with the practical training expertise of Veranda RACE and NEMI Education, the program aims to provide a comprehensive learning experience. Key events include the signing of the Memorandum of Understanding (MoU) between Veranda RACE and NEMI Education, and the announcement of the new IIT Indore certified BFSI program. The potential impact could be significant, leading to a larger pool of skilled professionals for the BFSI industry. This initiative could also enhance the reputation of Veranda Learning and NEMI Education in the professional skilling space.
Investment Implications: This partnership could positively impact Veranda Learning (if it is a publicly listed entity; further research is needed to confirm its listing status). By expanding its course offerings into the high-demand BFSI sector with a certification from a prestigious institution like IIT Indore, Veranda Learning can attract a larger student base and potentially increase revenue. For the overall market, this initiative signals a growing emphasis on industry-academia collaboration to address skill gaps. Investors in the education technology (EdTech) and financial services sectors may find this development noteworthy. Individuals looking to build a career in the BFSI sector now have access to a potentially valuable and recognized certification program. It would be prudent for prospective students to research the program curriculum, faculty profiles, and career support services before enrolling.
