Harnessing Energy from all dimensions
Overview

IIFM is a division of IBA (Indian Business Academy) Pvt. Ltd. The main promoter of the institute is Jagmohan
Bhanver. Jag Bhanver has been a senior banker and has worked with three of the largest banks in India and
is also an internationally acclaimed thought leader. He is considered to be a Mentor to CEO’s and Directors
globally, including top executives in India. PeopleFirst (India) is the knowledge partner for IIFM, and the entire
curriculum for IIFM has been designed by PeopleFirst in tandem with senior HR & business professionals in
leading MNCs and Indian companies. PeopleFirst is one of the leading coaching companies in South Asia
and has coached/ educated more than 15,000 professionals in the last three years.

For its Business Management (PGDBM) programs, IIFM has a tie-up with two leading educational institutes
in the world – TJSL (Thomas Jefferson School of Law, California) and AAFM (American Academy of Financial
Management, USA). IIFM offers India’s first Joint degree MBA (PGDBM) program with a leading American
college, TJSL. For more details on the joint degree program, go to
Joint degree PGDBM program. IIFM also
offers a
PGDBM program in partnership with another leading American college, AAFM.

For its specialized financial programs, IIFM again has a tie-up with AAFM (American Academy of Financial
Management) USA, which is the global certifying body that issues board certification while also recognizing
qualified certification-education programs worldwide. AAFM currently recognizes over 55,000 PhDs, CPAs,
AACSB Graduates, & Masters Degree Holders as associates, lawyers, executive members, fellows, and
certified members in over 150 nations. Presently, AAFM has over 200,000 associate members and
candidates. As there had not been a graduate professional financial organization specifically for accredited
degree holders, MBAs, CPAs, Lawyers and PhDs, the AAFM ™ has met this need and become the
organization of choice for highly educated individuals or industry experts because AAFM requires an
accredited college degree for membership and certification. For more details on the specialized finance
programs, go to
Specialized banking & finance programs…

The Advisory Board of IIFM comprises top names in companies from India and overseas. It includes
educationists and alumni from Harvard Business School, Stern NYU, Edinburgh University, IIMs, IITs, XLRI,
Jamshedpur, SP Jain, NMIMS and other top institutions. CEO’s, Directors and top entrepreneurs are also on
the IIFM advisory board.

IIFM mirrors the respective strengths of its promoters, its knowledge partner PeopleFirst (India) as well as its
immensely qualified and broad-based Advisory board members. IIFM’s strengths are heightened by the fact
that its strategic business partners (leading companies in FMCG, Manufacturing, Banking, Insurance and
others) have also contributed in a large way to ensuring that all the programs offered at IIFM are highly
effective and capable of making IIFM students indispensable in the business world.

This is why the curriculum and the programs at IIFM are so effective that some professionals comment that a
typical IIFM pass-out will probably have more knowledge of specialized business & financial topics than
a regular MBA student with 3-4 years of professional experience.

The Global economy & the Indian market

From a time ten years back when India had 3-4 key private banks, there are now more than 15 MNC and
Indian banks, and still more international banks are vying to set up shop in India. The Banking sector today
comprises approximately 2.5% of the GDP of India and possibly generates jobs for more than 6,00,000
people. The Insurance industry too has grown in leaps and bounds. In April, 2000 there were only 2
insurance state owned companies in India. At present, there are more than 37 insurance firms, including
leading MNC players and best-in-class Indian JV partners. Insurance penetration is close to 2.2% of GDP.
Insurance comprises more than 15% of India’s GDS (Gross Domestic Savings) and employs more than
2,50,000 people. The old economy has changed to include industries and businesses that require a
completely new skills set and knowledge.

The competencies that were required to manage business a mere 5 years back might not be sufficient for a
practicing manager today. It is a global economy today and the competencies required to do well in the
business world today require a “Global manager” perspective, which is strangely lacking in most
management education today.

IIFM’s response to the above challenges

IIFM’s philosophy is one of pre-emptive thinking rather than a ‘knee-jerk reaction’. Change is not new and
every industry has faced the impact of changes recently. It is reasonable to expect that yet more changes will
happen in coming years and so it is only fair that one plans for them in advance. Remember, the same
change can mean an ‘opportunity’ for someone and a ‘threat’ for someone else, depending on how well
prepared they are or otherwise.

IIFM believes in preparing for change; rather than waiting for it to happen to you.

Consequently, our
curriculum has been built in such a way that it incorporates not only the knowledge that is
relevant for challenges today, but also skills and information that would be relevant for changes that might
happen tomorrow. The course content on the specialized Banking & finance programs for instance covers
intricate details related to stock market, commodities, derivatives, financial planning, asset allocation,
margin trading, behavioral finance, structured products and several other topics which will ensure that IIFM
students stay well ahead of everyone in this field. In the case of the PGDBM programs too, content from the
international alliances of IIFM ensures that our PGDBM students are well ahead of their counterparts
anywhere else.

Since the future business leader can’t just be focused on the Indian market and requires tremendous global
exposure, we have affiliations and tie-ups with the best and highly reputed institutions in the world, namely
AAFM (American Academy of Financial Management) and TJSL (Thomas Jefferson School of Law, San
Diego, California). These affiliations and tie-ups ensure that our students learn from global best practices
and from the world leaders in education, thereby not just getting a great job in India but also enjoying
tremendous opportunity for high powered careers abroad.

Our
faculty comprises not just academicians from the best of institutes, but also senior professionals. The
idea being that theoretical concepts get supplemented with real time practical knowledge.

Our
strategic partners – Companies in Manufacturing, Banking, FMCG & Media, HR & manpower
consultants
as well as our advisory board ensure that IIFM students get the best mentoring possible, even
before they join an organization. With the country’s best minds guiding these students, their success is
ensured.

On the specialized financial programs front, IIFM is turning out to be the
one-point contact for organizations
in Banking and financial services
to hire quality resources. Given the need for certified resources in this
industry and the gap between their requirement and availability, it is not surprising that a majority of IIFM
students are expected to receive an appointment letter from the best of Banks, Insurance companies and
financial services firms, at the time of joining IIFM. In the Joint degree PGDBM program offered by IIFM, the
innovative combination of MBA (PGDBM) and Business Law in 2 years means a student gets two degrees,
the combination of which is tremendously in demand by industries today, whether it is in India or anywhere
else in the world.