All of you have witnessed the rapid expansion of the Indian economy post liberalization. The growth rate picked up in 2001 and grew dramatically round the year 2004-05, until it was slowed by the recession in developed economies which began in 2008. Even while the economic scene in the developed world continues to be uncertain, the Indian economy continues to grow, albeit with a few hiccups. In 2008, which we all know was difficult year, the deposits collected by banks in India grew by 23%.

It is estimated that between 2004 and 2013 the total financial assets as a percentage of GDP will grow from 366% to 563%. It is clear this rapid and continuing growth has lead to a concomitant increase in wealth in the hands of individuals as well as institutions. Just as it is necessary to create wealth it is also necessary to manage wealth. Therefore if we look at what has been happening to the Banking and Financial Services Industry (BFSI) in India, we find that it has been growing even faster than the economy. Between 2001 and 2008 the BFSI sectors CAGR was 11.5% and the industry will continue to grow. This growing industry requires knowledgeable and skilled employees and the total number needed is vast.

It is estimated that the banking industry alone will need over 1 lakh employees to replace those who are retiring and over 3.5 lakh further in the next decade. As regards financial intermediaries, over 35 lakh will be required in the next decade. Many of these will be deployed in wealth management related work. However there are hardly any courses which available which train students for a career in such a fast growing field. The BFSI sector is forced to train students at its own costs. In order to provide the sector with skilled and trained manpower Tilak Maharashtra Vidyapeeth has introduced the one year Post Graduate Diploma in Banking and Wealth Management.

Tilak Maharashtra Vidyapeeth was established in 1921 under the guidance of Mahatma Gandhi, as the educational memorial of Lokmanya Bal Gangadhar Tilak, the great patriot and leader of the freedom struggle. Since its inception the Vidyapeeth has focused on fulfillment of Lokmanya’s dream of imparting national education that would equip a large number of students to contribute productively towards the development of a strong and modern India.

Tilak Maharashtra Vidyapeeth has constantly catered to the changing needs of society without compromising on quality and its prime focus. In recognition of its contribution in the fields of Sanskrit, Ayurveda, Social Science and Distance Education, the status of Deemed University was conferred on Tilak Maharashtra Vidyapeeth in 1987 as per the provisions of the UGC Act 1956.

In addition to the programmes that cherish our Indian Heritage, post 2003-04 the Vidyapeeth transformed itself to face the challenges put forth by the fast changing world entering the field of Modern Sciences and Professional Skills. It introduced courses in Management, Engineering, Physiotherapy, Journalism, Mass-Media, and so on. All the degrees awarded by the Vidyapeeth are as per the norms and guidelines of UGC, DEC, and NCTE. The campus at Pune is well equipped with infrastructural facilities and staff to conduct technical and management courses

The Vidyapeeth is committed to maximizing the knowledge and skills of students, making them competent to meet global challenges. The Vidyapeeth is now introducing employment oriented courses of shorter duration in the field of management.

The Post Graduate Diploma in Banking and Wealth Management will provide the foundation for those who wish to pursue a career in the rapidly growing field of banking and wealth management. It focuses on the innovative banking, wealth creation, protection and management strategies, skills and processes. This programme gives a concrete base and solid foundation to the students in the specialized areas of banking, investments, finance and wealth management. This course is rich in theory and practical knowledge about banking and wealth management, case studies, real-life examples etc.

Mr R K Goyal, Head of HR at Bank of India one of the largest bank in India with 3800 branches mentioned that they need to hire more than 1000 new recruits every year who have the required skills to make this transformation. He also mentioned that Bank of India is planning to recruit at least 700 new recruits this year from university campuses. They would be happy to recruit students specialized skills in Wealth Management as they are unable to get such candidates today.

Apart from Banks opportunities abound in Mutual Funds, Brokerages, Insurance companies etc.

The curriculum of this program has been designed to provide conceptual clarity as well as Industry Relevant skills. It has been developed in consultation with the needs of the financial sectors organizations which provide their clients with wealth management / private banking services. The Postgraduate Diploma in Banking and Wealth Management course has selected a comprehensive range of subjects to make students aware of Wealth Management. It is designed to groom students as efficient Wealth Managers, Advisors, or as Successful Investors.

Fluency in English and ability to deal with numbers and figures is required