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The Royal Holloway, University of London International Excellence Scheme

The College has made available a number of scholarships for new international applicants who want to study a Masters degree at Royal Holloway. The award is given to those who are considered academically excel lent. These scholarships have a value of £4,000 and are tenable for the first year of postgraduate taught studies only.

Requirements:
Applicants from overseas are eligible to submit an application, as long as they already hold a conditional or unconditional offer of a place to study at Royal Holloway on a Masters programme. Applicants will need to have successfully completed a Bachelors degree in an appropriate subject with good grades and at a reputable university for a taught Masters programme. Exact requirements will depend on the programme. In many cases a masters level qualification will also be required.

Submission: May 1,2008.

ICRI has announced the appointment of Prof

ICRI appoints new CEO
Institute of Clinical Research (India) or ICRI has announced the appointment of Prof. Anthony Woodman as its CEO and Associate Dean. It has taken the step to give an international perspective to Clinical Research education in India. Prof Woodman will be responsible for all academic activities and operations. He will also be in charge of the expansion of ICRI operations globally.

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L.A. Teachers Union To Broaden Its Focus

Wednesday, March 09, 2005

The slate of Los Angeles classroom teachers elected last week to the top ranks of their union ousted the former leadership with a call for a 7% pay increase. But the group`s agenda goes far beyond the traditional union concerns of contract and benefit issues.

In interviews last week, the new United Teachers Los Angeles officers — many of whom ran on a social justice platform — said they would take on federal laws, state policies and district practices, including the inequalities among schools.

They intend, for example, to speak out against No Child Left Behind, the federal education law that requires schools to improve their test scores annually. The union leaders say it is a conservative plot to decrease money to schools and to eradicate public education in favor of vouchers and private schools.

They say the Los Angeles Unified School District`s efforts to impose smaller, more individualized learning for students at its most crowded schools represent, in the words of Joshua Pechthalt, a UTLA vice president-elect, “reform at the point of a gun.”

And they voiced concern that the 46,000-member union has been focused on the wrong issues.

“UTLA needs to be fixed,” said A.J. Duffy, who beat out current union President John Perez by about 2,000 votes. “We have to change the direction our union is going.”

The newly elected leaders were critical of the previous leadership for failing to deliver on more traditional labor issues: seeking better wages for teachers, preserving their generous benefit packages and zeroing in on quality-of-life issues. (Previously, most teachers union presidents rose through UTLA leadership, spending years away from the classroom as they worked their way up the ranks.)

Whether the new leaders will help or hinder efforts already underway in the nation`s second-largest school district — to fix its failing schools, cope with a looming budget crisis and raise student achievement — remains to be seen.

District officials and school board members say they expect a marked difference in the way the union and district deal with each another.

“With Perez, the Board of Education members “were feeling a lot of pressure,” said board member Jon Lauritzen, a former teacher and UTLA activist who was supported by the union in his 2002 election. Among the newly elected leaders was Murchison Street School second-grade teacher David Goldberg, whose aunt is former school board member and now state Assemblywoman Jackie Goldberg (D-Los Angeles).

Julie Washington, a kindergarten teacher at Normandie Avenue Elementary who will become the union`s elementary vice president, said she sees firsthand the inequalities her students face.

“The new UTLA leaders also say they want to push the union into a national dialogue on issues close to them, such as workers` rights, the funding of public education and No Child Left Behind.

For example, he cited the effort underway to shake up the district`s most troubled schools. Romer said he was not yet sure how the union changes would affect that pressing work.

“School board President Jose Huizar echoed that sentiment. The union elections, he said, represent an opportunity for UTLA and the district “to coalesce and fortify ourselves. The new leadership of UTLA, said Adam Urbanski, president of the Rochester, N.Y., teachers union, “will have no choice but to work cooperatively.”

Becki Robinson, a former UTLA official who runs L.A. Unified`s Beyond the Bell after-school program, said the role of the teachers union was to fight to protect public education and influence educational policy — a view that was first suggested by former UTLA President Helen Bernstein. The test of the new union leaders could occur before their terms begin.

Sources say the union and district are close to reaching an agreement; it would give teachers a 2% raise, more than the 1 1/2% the district had previously offered. That proposal must be approved by a vote of union members.

In his campaign materials, Duffy called for teachers to receive a minimum of 7%. Teachers vote on the contract at their schools, not by mail, as they did for the elections. Typically, more than 90% of teachers vote on contracts — far more than the 27% who voted in Duffy`s election, UTLA observers said. Contract ratification, therefore, may test whether union members who did not vote in Duffy`s election support his agenda.

If the district comes up with a better offer, Duffy said, the incoming union leaders can work with L.A. Unified on potentially less contentious issues.

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Call to ban word ‘failure’ from schools

THE word fail should be deleted from the school vocabulary and replaced with the term deferred success, the conference of a leading teaching union will hear next week.

Liz Beattie, a retired primary school teacher, will tell the annual conference of the Professional Association of Teachers (PAT) that being told they are a failure in class can put children off education for the rest of their lives.

She also says some children who struggle with academic subjects need help to find success in other areas, such as work-related courses.

Mrs Beattie, the PAT Suffolk Federation secretary, and her colleague Wesley Paxton will propose abolishing the word fail in a motion at the conference which, if passed, would mean it becomes union policy.

The motion says: Conference believes it is time to delete the word fail from the educational vocabulary to be replaced with the concept of deferred success.

Speaking from her home in Suffolk, Mrs Beattie, 68, who has 37 years experience as a teacher, believes children need encouragement. She said: If children at an early age decide, I cant do school, I cant learn to read or do this maths stuff, they are losing an enormous part of their lives.

If the motion is accepted, PATs ruling council will make it part of their policy for their 35,000 members from primary, secondary and nursery schools across the UK.

But Martin Goold, the Suffolk secretary of the NUT, said: I would have thought that the word fail had been eradicated from most educational settings already.

Source : Online Resource

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The University of Delhis Womens Studies and Development Centre

The University of Delhis Womens Studies and Development Centre

Womens Day celebrated
The University of Delhis Womens Studies and Development Centre and New Delhi Municipal Corporation marked the International Womens Day at Central Park in Rajiv Chowk where school children performed a skit on the life of women from ancient to the modern age. The event also included programmes on self-defence and female foeticide and literacy

Categories: Education, International, School Tags:

HK Promoting Language Education

Hong Kong Standing Committee on Language Education Research will allocate 300 million HK dollars (38.46 million US dollars) from the Language Fund to increase the Professional Development Incentive Grant Scheme`s coverage.

According to a government press release, the additional allocation will allow the scheme to support at least 10,000 additional language teachers for their professional development, benefiting a total of 17,500.

The scheme, launched in 2004, aims to encourage more on-the-job language teachers, particularly those who do not have a degree or attend any training courses, to upgrade their professional qualifications.

Upon completion of an approved program of study, each successful applicant will be reimbursed half of the tuition fee, up to a maximum of 30,000 HK dollars (3,846 US dollars).

By August, the scheme had already received more than 5,200 applications, up about 200 percent over last year.

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Education For India To Remain Knowledge Power: PM

Prime Minister Manmohan Singh on Monday said India is seen as a major knowledge power due to its skilled manpower and research institutions and that only quality education can help in benefiting from the growth process.

Among the several initiatives in education spelt out in his Independence Day speech from the Red Fort Monday, the prime minister said his government would focus on both primary education and higher learning, particularly for the youth.

We have a large proportion of young people in our population. We will need to invest in their education and health so that their future prospects are bright. By doing so, our population will become our biggest asset, he said.

Along with primary education, we need to pay attention to higher education. If India is seen around the world as a rising knowledge power, it is because of our universities and research institutions, he added.

The prime minister also sought the nation`s support to achieve excellence in academic work in the 150th anniversary year of the universities of Kolkata, Mumbai and Chennai.

If we want to maintain our rapid economic growth, we also need to improve the quality of these institutions and also create many more such institutions, said Singh, who was educated at Oxford and Cambridge.

Manmohan Singh said his government was trying to ensure literacy among the first generation learners, universal primary education and education of the girl with a resolute commitment that no child is deprived of schooling.

We need to make education joyful, interesting and meaningful so that children develop a desire to go to school, he said, adding it was also the government`s hope that women become as literate as men in the near future.

The world today sees India as a major knowledge power whose people are skilled, competent, hard working and peace loving, he said.

India, he added, was proud of scientists, doctors, engineers and scholars for their contributions

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Are B-schools A Trouble For Business?

Tuesday, February 22, 2005

Institutes are accused of much that’s wrong with Corporate Management today. This is the time of year when MBA students run not from classroom to classroom but from interview to interview as they try to get the high-paying job they expect their qualification to deliver.

It seems that the demand for MBAs’ is now strong again, after four decidedly weak years. The big eaters of MBA talent have regained their hiring appetite, says Ken Keeley, director of career opportunities at Carnegie Mellon’s Tepper School of Business in Pittsburgh.

At New York’s Stern School, close to Wall Street, the number of jobs offered to this year’s MBA class by beginning of this month was double that at the same stage in 2004. Better still, average starting salaries in investment banking for Stern graduates were — at $95,000 — up by $10,000.

The big eaters of MBA talent have regained their hiring appetite, says Ken Keeley, director of career opportunities at Carnegie Mellon’s Tepper School of Business in Pittsburgh. Harvard University lists the papers and books published by Michael Jenson and Michael Porter. The AACSB has a campaign to improve ethics education in business schools.

Ghoshal was just such an academic, a professor at London Business School until he died 11 months ago at the age of 55. He believed that the desire of business schools to make the study of business a science, a kind of physics, has led them increasingly to base their management theories on some of the more dismal assumptions and techniques developed by economists, particularly by Chicago School and its intellectual leader, Milton Friedman.

These include supposedly simplistic models of individual human behaviour (rational, self interested, utility-maximising homo economics) and of corporate behaviour (the notion that the goal of a firm should be to maximise shareholder value).

Ghoshal’s article is critical of management theories associated with Harvard Business School professors: Michael Jensen, whose development of the agency theory has encouraged business schools to teach students that managers cannot be trusted to do their jobs; and Michael Porter, whose five-forces framework has been presented to suggest that companies must compete not only with their competitors but also with their suppliers, customers, employees and regulators. Business-school students learn that managers cannot be trusted — so when they become managers their behaviour is of the untrustworthy sort. Jeffrey Pfeffer of Stanford University’s Graduate School of Business, writes in the same journal that Ghoshal, if anything, understates potential downside to the inculcation and acceptance of economic language, assumptions, theory.

Many business schools reject these claims. While Enron was well stuffed with MBAs and led by Jeffrey Skilling, a man who liked it to be known that he was near the top of his Harvard Business School MBA class, the clutch of top executives currently on trial for corporate corruption are notable for their lack of business school qualifications.

This year’s class of MBAs is coming from more ethics-conscious schools and, is being hired by more ethics-conscious businesses than predecessors.

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ROADS: Education Provides Opportunity

Saturday, March 19, 2005

The United States is known abroad as a land of opportunity, a land of freedom, a place where people can enjoy the fruits of their labor and receive a solid education — no matter what caste they are born into.

“I came here to pursue an education and a better life,” said Rupen Shah, an attorney and professor at Blue Ridge Community College. Shah, who resides in Augusta County, immigrated from India more than 20 years ago. “I had four degrees back home,” Shah said. But once in the United States his goal was to become a lawyer — and he did. Shah`s wife, Shruti, who is from Bombay, India, also holds a bachelor`s degree.

Others, like the Parekhs, finished their education in their native
land and had to pass medical boards in order to practice here. Jayashree and Shashank Parekh had been trained as doctors of radiology in India. Shashank Parekh`s brothers had settled in Staunton and he wanted to be close to them.

Some immigrants from this region receive their early education from both countries. Hipal Dobariya was raised in Canada and India. He studied accounting and computer science in India. He came back to the United States and became a software engineer, but when the computer market softened, his job was eliminated.
“I had a friend in Staunton, so I moved here,” Dobariya said. “But in my heart I want to be in India.”

Most of Dobariya`s family is back home. He said that if his mother asked him to return he would gladly go. “But she wants me to stay here, where there is more opportunities.”

Prajeep Adhikari is thankful to have come to the United States from Nepal. He had a degree and a good job back home, but he relocated for his children.

“I want them to have a good opportunity,” Adhikari said. “A job after they finish college.”

Rachna Patel`s parents, like the Adhikaris, came to the United States from India, via Great Britain, so their three daughters could be educated here.

“They felt that education was superior here,” said Patel, an ophthalmologist, who has degrees from Yale and the Albert Einstein College of Medicine.

Patel did her internship at the University of Virginia, liked the area and came across the mountain to work at Augusta Medical Center. Her sisters both continued their education; one became a lawyer and the other a nurse.

John Lall was a pharmacist in India, passed his boards and practiced in California. He moved to Staunton when his wife, a doctor, obtained a job at Rockingham Memorial Hospital. Lall, who sells real estate now, thoroughly enjoys the Valley. Both he and his wife Madhu, are natives of India.

There are many reasons to come to the United States. Krishna Pradhan came for the wealth of opportunities. Pradhan, who co-owns a store in Staunton but resides in Waynesboro, has a high school degree from Nepal.

“Within a week I had a GED in the states,” Pradhan said.
Many immigrants from Nepal and India compare their high school education with college education in the United States. In Nepal and India, education is only free in elementary school. After that, the student must pay, as well as pass exams in order to continue to the next grade.

“My father always insisted that I take my exams in India,” said Dobariya, who spent most of his school years in Canada. His father would take him back to India each year to learn and take exams.

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Teachers Given Right To Sue Heads

Thursday, March 24, 2005

Ruth Kelly, the Education Secretary, has given teachers the go ahead to sue schools if heads refuse to reduce their workload in the next academic year.

Ms Kelly made it clear she sided with teachers in a dispute with heads, who have pulled out of an agreement to give staff 10 per cent of the school day away from the classroom to mark and prepare lessons.
Teachers have threatened strike action if heads fail to implement the agreement. Members of the National Association of Head Teachers say their schools do not have enough money to pay for stand-in staff.

Ms Kelly told the annual conference of the 160,000-strong Association of Teachers and Lecturers` at Torquay, which had threatened strikes, that the deal “will become law from this September [and] NAHT members will have to implement it.”

It was a “smokescreen“ for heads to suggest they did not have enough money as education authorities had been given extra funding to hand on to schools to meet the cost of the deal. She added: “They should be doing it now and shouldn`t be waiting for September.”

Teachers who were denied the time off could take their school to an employment tribunal for breach of contract, she said. But Ms Kelly stopped short of supporting strike action, saying she hoped “it would not come to that”.

Ms Kelly`s comments have opened up the most serious rift with head teachers` leaders since the Blair government came to power in 1997. Up until now, ministers have relied on the support of heads to implement their reforms.

David Hart, the general secretary of the NAHT, said the dispute could lead to a “winter of discontent“ with hundreds of schools facing industrial action.

“It`s all very well the Secretary of State wagging her finger at the nation`s headteachers and telling them they`ve got to do it willy-nilly,” he said. “The Government has to recognise there is a significant question mark over whether they have put enough money into the schools to implement the agreement.

“It is clearly unrealistic to argue that funding is a smokescreen when the government knows full well [that] funding in a number of local education authorities … is extremely tight.”

Mary Bousted, the general secretary of the ATL said: “I think the secretary of state quite rightly identifies the extent to which we are prepared to go to enforce this agreement. If – despite support, extra funding and training – heads continue to refuse to implement the agreement, the course is clear. We will take them to an industrial tribunal and win. I strongly advise those heads who are still saying they can`t implement the agreement to stop whingeing and start planning.”

Meanwhile, Ms Kelly, who was given a cordial welcome at her first teachers` union conferencedefended the plan to set up a network of 200 privately sponsored academies to replace struggling inner-city state secondary schools.

She said in the 17 existing acadmies the proportion of pupils getting five A star and C grade passes at GCSE had risen on average from 16 per cent to 30 per cent. She rejected teachers` demands to halt the programme until an evaluation of the first 17 had been carried out.
She said the academies “have been set up in areas where there has been a history of decline sometimes over generations and where nothing else has worked. The children in these areas need something to happen and need something to happen quickly.”

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Cherry Urges Board Of Education To Push For High School Reforms

Wednesday, April 13, 2005

Michigan needs tougher academic standards for high schools, Lt. Gov. John Cherry told the State Board of Education on Tuesday.

Its part of a strategy to double the number of college graduates in Michigan within the next decade, which Cherry said would help strengthen the states economy.

Theres not an issue more basic or important to Michigans future, Cherry said of education reform.

Cherry led a commission that late last year issued several recommendations to increase the number of college graduates. Some of those recommendations fall within the scope of the Michigan Department of Education and the state board, he said.

The board could push the Legislature and local school districts to adopt tougher high school graduation standards, including more math and science classes. Cherry also said he is concerned about the number of high school dropouts and a traditional mind-set that sometimes stifles cooperation between K-12 schools, community colleges and universities.

Board members of both political parties appeared receptive to the Democratic lieutenant governors presentation. The board already has begun work on some of the recommendations proposed by Cherrys commission.

Were on the same page, I think, said board president Kathleen Straus, a Democrat.

The state Department of Education put together a high school reform team in late 2003. The teams report concluded that the current high school structure is not meeting the needs of students, particularly when it comes to inspiring them to develop skills theyll need in the future.

The panel suggested creating small-scale career academies with employer partnerships to help develop a better work force.

Michigan has joined 12 other states in an effort to strengthen curriculum and graduation standards. The goal is for high school graduates to better satisfy needs of employers and colleges.

Gov. Jennifer Granholm has proposed giving schools incentive payments, starting in the 2006-07 academic year, if they encourage more students to follow a curriculum stocked with math, science and foreign languages.

About 26 percent of Michigans population between the ages of 25-34 has a bachelors degree or higher. The national average is 27.5 percent, and several states have 33 percent or higher.

States with more college graduates tend to have higher average incomes and lower unemployment rates.

Were talking about a culture change, Cherry said. We have to adjust to the notion that education needs to go beyond high school.

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Scholarships for international postgraduate studies to be awarded by the Faculty of Medicine Graduate School, University of Glasgow

Glasgow scholarships
More than 20 part scholarships for international applicants commencing taught and research postgraduate studies in September 2007 are to be awarded by the Faculty of Medicine Graduate School, University of Glasgow. The part scholarships will typically cover the home/EU fee component, department for education and skills rates, of the international programme fees. Part scholarships are also available for research study leading to the degrees of MSc (medical science), MD, DDS and PhD in five-rated groups within the faculty’s main research based divisions: cancer sciences and molecular pathology, cardiovascular and medical sciences, immunology, infection and inflammation, community based sciences, developmental medicine and clinical neurosciences. Opportunities may also be available for research in dentistry and nursing and health care.

Requirements: All applicants must hold or expect to achieve a first class or upper second-class honours degree, or Masters, in a relevant discipline. Exceptions apply where no honours degree classification exists. Applications are invited from international applicants applying for taught Masters programmes including MSc in medical science, applied neuro psychology, MSc medical science in human nutrition, MSc medical science in clinical nutrition, MSc medical science in medical genetics, MSc medical science in clinical pharmacology. Master of public health, MSc medical science in clinical physics, MSc medical science in sport and exercise medicine, MSc medical science in health care and new Masters’ programmes commencing in September 2007, subject to Senate approval. A number of part scholarships will be strategically earmarked for international applicants applying to these new programmes.

Submission: May 31,2007.

Students Protest For Central Law

Government criticised for not protecting interests of students from weaker sections of society.

GULBARGA: Students from different schools trooped out of their classes on Thursday and held a noisy protest in the city demanding Central legislation on admission to professional colleges and protect the interests of students seeking admission in unaided private professional colleges.

The students affiliated to the Students Federation of India (SFI) came in a procession and shouted slogans against the Government for not protecting the interests of students from the weaker sections of society.

They formed a human chain around Vallabhbhai Patel Chowk disrupting the movement of traffic for more than an hour. They also burnt an effigy representing the State Government to voice their protest. They marched to the Deputy Commissioner`s office and held a dharna outside the office.

In a memorandum addressed to Minister for Higher Education D. Manjunath and submitted to the district authorities, the students demanded that the State Government pressure the Union Government to enact a law on admissions and a fee fixation policy for professional colleges. The memorandum also demanded an increase in the budgetary allocation for education in the State and Union budgets.

While the increase in the State budget for education should be at least 30 per cent, the Union Government should ensure that 10 per cent of the total budgetary allocation is spent on education.

The students also demanded the establishment of a women`s degree college in the City and a government pre-university college in all taluk headquarters. They also demanded that the Government fill all vacant posts of teachers in schools.

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JMI and the Ministry of External Affairs plan to jointly organise an international seminar on Prospects of Peace in West Asia

International seminar on Peace in West Asia
Jamia Millia Islamia and the Ministry of External Affairs plan to jointly organise an international seminar on Prospects of Peace in West Asia from November 19-21. 2007. Sociologists, political economists, academics, and journalists are expected to attend the event Among those likely to present papers at the seminar are Wis-sam Al Zahawie, Secretary General, Arab Thought Forum; Michael Jansen, Correspondent, Nicosia, Cyprus; Rami Khouri, Editor, Daily Star, Lebanon; Sadik Al Azm, Professor, Damascus University; Jamal Hilal, Sociologist, Palestine; Faisal Odeh Al-Rfouh, Associate Professor, University of Jordan; Mustafa Hamareih, Head, Strategic Studies Centre; and Salim Tamari, Institute of Jerusalem Studies.

Categories: Education, International Tags:

New budget is not fully feasible for entry of best universities

A day after the Union Cabinet approved the ambitious bill to regulate the entry of foreign educational institutions in the country, a Planning Commission education consultant on Friday said it will not result in “best of the universities” entering India due to the “excessive” regulations that the law provides for.

“Nobody can deny that India is a big market for higher education, but with the existing framework only middle-level players will end up establishing their centres in the country,” B S Baswan, senior consultant (education), Planning Commission, told reporters on the sidelines of a talk here.

Baswan said many a reputed global institutions like Stanford and Yale had approached the Union Ministry of Human Resources Development in the past and had to go back disappointed due to lack of necessary framework.

More : zeenews.com/

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University of CIE has accepted Amity International School, Noida, as a Cambridge International Centre

International Centre
University of Cambridge International Examinations (CIE) has accepted Amity International School, Noida, as a Cambridge International Centre. The school may now offer CIEs world renowned Cambridge IGCSE, A and AS level qualifications. The announcement was made at a CIE orientation meeting for parents, held at the school, where teachers and representatives from CIE gave an overview of the Cambridge International Curriculum. CIE offers high levels of support to its teachers through professional development courses and endorsed textbooks. Apart from offering school curriculum,Cambridge also offers development courses for teachers and trainers, The Cambridge International Certificate and Diploma for teachers and trainers are much sought after qualifications in India and other parts of the world.

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ACTs Student Loan Policy A Joke

NEW ZEALAND: ACTs student loan policy a joke

NZUSA is labelling ACTs plan to nail student debt through tax cuts as a joke.

Tax cuts will not solve the student debt crisis, as ACT have not ruled out substantial increases in tertiary fees and cuts to public education spending, said Andrew Kirton, Co-President of the New Zealand University Students Association (NZUSA).

Higher tertiary fees and no increases in student allowances will lead to students graduating with substantially higher student debt, said Kirton.

If the ACT party believe students, graduates and their families will not connect the dots of the real meaning of their tax cut policy then they are dreaming, said Kirton.

ACTs policy involves substantial tax cuts, and assumes that every single dollar received through tax cuts will be used to pay back student loans.

ACTs student loan policy is nothing more than a regurgitation of their tax cut policy. This policy will largely benefit those on high incomes and does nothing for mothers and fathers who stay at home and look after children and care for family members, said Kirton.
The policy is flawed as it assumes that borrowers will use every dollar saved through tax cuts to pay off their student loan, said Kirton.

Immediate fee reductions and more student allowances are needed to deal with the student debt monster, not tax cuts, said Kirton

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Bangalore teacher becomes Rotary World Peace Fellow

Aditya Vikram Rametra, a former teacher at Bangalore Education Centre, has been named a 2007-09 Rotary World Peace Fellow. Rametra will receive a full scholarship toward an advanced degree in peace studies and conflict resolution at the Rotary Center for International Studies operated by University of California, Berkeley, California, USA. The fellowship programme is sponsored by Rotary International. Rametra says his research interests and career objectives fit perfectly with the Foundations mission to promote world understanding and peace. UC Berkeley is one of the six Rotary centres located at leading universities in five countries.

IIM-Lucknow has announced a MDP on corporate environmental management and carbon markets

Environmentally Empowered
IIM-Lucknow has announced a Management Development Programme (MDP) on corporate environmental management and carbon markets.

The three-day training programme (from July 9-11, 2007) is designed for middle and senior-level managers/ professionals in the corporate and noncorporate sectors who are connected in any way with effective environmental management.

The programme fee is Rs 20,250 per participant (residential) for Indians while the fee for international participants is $ 510. The fee includes the cost of the programme material, tuition, boarding and lodging and use of the institutes facilities.

Categories: Education, IIM, International, Management Tags:

American College’s Programs Now Available In India

Saturday, April 02, 2005

The American College announced today that it has entered into an agreement with the International Academy of Insurance and Financial Management Private Limited (IAIFM) in New Delhi, India. IAIFM will serve as The Colleges sponsor in India and provide The Colleges continuum of educational programs for professionals in the countrys life insurance industry.

With a population estimated at over a billion people, India represents an enormous insurance market and educational opportunity for our institution, said Larry Barton, PhD., President and Chief Executive Officer of The American College. We look forward to working together with the IAIFM in India and helping to bring financial education to professionals worldwide.

As The American Colleges local affiliate in India, IAIFM is licensed to adapt and conduct the same programs that The American College makes available to financial services and insurance professionals both in the U.S. and internationally. IAIFM has, however, customized specific courses in order to make them context sensitive for India.

IAIFM Focus on Professional Excellence:

Commenting on the affiliation between The American College and IAIFM, Rakesh Bhan, IAIFMs Managing Director, noted that the, mission of IAIFM is to provide the highest quality training for Indias life insurance industry in response to the countrys critical professional development needs. Through The American Colleges continuum of educational programs, IAIFM is committed to elevating the level of professionalism in the industry in India. We seek to achieve this objective by enhancing technical competence, and increasing the awareness of sound business ethics. This ultimately contributes to the financial security of individuals and families and to increased sales performance by individual agents and the insurance companies they represent.

Mr. Bhan added that IAIFM is an institution which provides an educational experience of real lasting value, so that a professional designation, jointly conferred by IAIFM and The American College, will always be a credential that stands out, opens doors and defines professional leadership and the standard of excellence in the life insurance industry in India.

Significance of the Life Insurance Industry in India:

The life insurance industry in India is rapidly evolving and growing. It recorded the second highest growth in Asia in 2000-01, posting an inflation-adjusted growth rate of 21.3% – more than double the worlds growth rate of 9%. The total insurance market in India is currently valued at US $13 billion with the life insurance sector accounting for more than 81% of the market. The approximately US $10.5 billion Indian life insurance market is expected to grow at 17-22% between 2002-07.

The life insurance industry in India has become fiercely competitive with the entry of several new private companies, including major multinational insurers, after the deregulation of the sector. It has opened up a range of untapped opportunities for new entrants into the industry, as the potential market for buyers is high since the emerging market in India has a low insurance penetration and high growth rates.

Gross premium collection, however, is only two percent of the GDP while nearly 80 percent of the Indian population is without life insurance coverage. In countries such as South Africa and the U.K., life insurance premiums account for over 50 percent of Gross Domestic Savings (GDS) while they account for over 25 percent of GDS in the U.S., Japan and France.

India has traditionally been a high savings oriented country with an enormous middle class that can afford to buy life; health and disability insurance as well as pension plan products. The middle-income segment of the population is estimated at 312 million. The Life Insurance Corporation of India services less than 100 million policies. Only 65 million Indians have been introduced to insurance, which reflects a penetration of just 6 percent.

According to some estimates, it is expected that in three years, 10 percent of the population in India will be covered by some form of insurance, a significant increase from the current coverage level of 6 percent.

Need for Trained Life Insurance Professionals:

One of the biggest problems that the industry is contending with in India is the lack of adequate knowledge of the business by its agents and staff and the lack of high-quality training opportunities in this field. Historically, selling life insurance used to be more of a supplemental source of income rather than a full-time profession.

This led to a perception that selling insurance did not require much education beyond certain sales abilities among ones personal network. As times have changed, it has become imperative that the industry produces a large number of highly competent and well-trained professionals. Potential clients interested in investing in insurance have become more market savvy and demand a higher level of efficiency, competence and professionalism from industry professionals.

In addition, training helps address the high rate of attrition among agents in the Indian insurance industry. Companies see training as a key retention incentive because it helps raise the prospects of the individual agents earnings capacity. Increased retention also reduces the considerable time and resources required to orient and train new agents improving company profitability.

State-of-the-Art Continuum of Education:

IAIFMs training program provides an opportunity to integrate sales training techniques and methodology with technical educational content creating a lifelong continuum of professional development that serves professionals throughout their careers in the life insurance industry. IAIFM offers The American Colleges adapted certification programs and numerous continuing education courses and seminars for individuals seeking career growth in life insurance and financial services. The programs that will be offered by IAIFM in affiliation with The American College include the LUTC Fellow (LUTCF), Chartered Life Underwriter (CLU), and Chartered Financial Consultant (ChFC) designations.

The American College is the nations leading educator of professionals in the insurance and financial services industry. Located on a 35-acre campus in Bryn Mawr, Pennsylvania, the College serves over 35,000 students predominantly on a distance education basis. The American College offers an array of specialized designation programs, a Master of Science degree in financial services and customized continuing education programs for those pursuing a career in financial services. For more information, visit www.amercoll.edu.

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