Hi Friends
Let me introduce myself first. I have done 3 years GNIIT Software Engineer course from NIIT
(http://www.niitstudent.com/content/eperf_intermediate.asp), Gold medallist in MBA from ICFAI (http://video.google.com/videoplay?docid=-4291642699164204155&hl=en) and currently pursuing CFA from ICFAI along with working with Hewlett-Packard (HP). I found this course very knowledgeable and rigorous. It equips students with all the necessary financial skills and tools required to excel in financial domain.
Coming to the dispute that ICFAI and US CFAI are having, I think this is purely commercial and unwanted. Given the amount of money involved in education industry, US CFAI has become greedy and does not want to share this lucrative Indian education market with ICFAI. What US CFAI is demanding from ICFAI is just like IIMs asking other MBA institutes to stop awarding MBA degrees because IIMs were the first to award MBA degrees in India. This is totally childish and immature of US CFAI. What disturbs me more is that, even our highly skilled financial professionals are taking side of US CFAI just because it is a foreign brand. I want my Indian brothers to understand that just because you are using Adidas shoes or Apple iPods, you need not do CFA from US institute because it is a foreign brand.
US CFAI is well aware that ICFAI CFA is as good as theirs in course content and quality, if not better. But, in cost terms they can never match ICFAI as it is operating out of a low cost location and can offer the same quality at more efficient cost. This is the reason why instead of all the efforts, US CFAI has not been able to penetrate Indian market in last 20 years and will never be able to, till competitive players like ICFAI are in the market. If US CFAI has guts, let them offer better course and placements so that demand for their CFA automatically outperforms that from ICFAI.
Another logical solution to end this cat-and-rat fight is that instead of making ‘CFA’ brand a proprietary of US CFAI, let this brand be open to be used by any institute and then, let them compete against each other like MBA / Engineering institutes do. This will force these institutes to offer better course content at a better price.
Please feel free to contact me for any information on CFA or MBA.
Manoj Banshilal Pachouri
Bangalore,
India
+91 98862 88806
http://video.google.com/videoplay?docid=-291642699164204155&hl=en
http://www.niitstudent.com/content/eperf_intermediate.asp
Sunday, June 7, 2009
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