Genpact signs agreement with ICFAI Business School, Hyderabad to develop and deliver analytics program for students

Genpact announced a memorandum of understanding (MoU) with ICFAI Business School (IBS), Hyderabad one of the top tier business schools in India, to develop an analytics &research program for its students.

This proprietary program will leverage Genpact’s rich experience and broad suite of analytics solutions serving multiple banks globally, enabling students to gain experience on tools, business applications and the latest industry trends and expectations. The program will provide direct exposure to commercial credit risk management and financial services analytics, which will be imparted through guest lectures and  workshops. Genpact plans to conduct these sessions through its own subject matter experts and training partners providing both theoretical and practical experience.. Upon successful completion of the program, students become eligible for employment in the analytics practice at Genpact.

Announcing the signing of the MoU, Manish Chopra, Senior Vice President and Business Leader – Risk Services at Genpact said, “This is a significant partnership in solving an industry need for talent that is well versed in the latest regulations in the domain. We look forward to providing students with a great platform to jumpstart their career and provide Genpact with a strong foundation of trained resources.’

Over the last few years, banks and financial institutions worldwide have faced continued volatility and emergence of new regulations across the globe. The new wave of regulations pushes for stringent compliance & risk management for banks calling for a framework that defines corporate priorities, loan approval processes, credit risk rating system, loan review mechanism, and reporting systems. These factors have led to a sharp rise in demand for talent in the areas of credit risk analytics, customer insight, and sustainable growth. Genpact in its mission to fill this skills gap in the industry has created the “Risk Academy” to grow, acquire and manage talent in the domain.. The research and analytics program alliance with ICFAI Business School will be one of the key components of this academy.

Amit Bhaskar, Vice President and Head, Financial Services Analytics at Genpact said, “Our experience with such partnerships that we have established with universities is that it helps bring a practical worldview to the students and gives us access to a rich talent pool. Genpact has been a pioneer in this area and we are proud to associate with leading institutes like ICFAI.”

Prof J Mahender Reddy, Vice Chancellor, IFHE, “ I congratulate IBS Hyderabad for taking the initiative and foraying into industry partnerships. Such alliances are vital to students and faculty members who will be exposed to latest developments in industry. These linkages will help faculty members and research scholars identify possible avenues for joint research as well as open up vistas for management development programs. I sincerely hope this partnership with GENPACT yields positive results in knowledge and skill enhancement to students and faculty members of IBS Hyderabad”

Dr. S Venkata Seshaiah, Director, IBS Hyderabad said “IBS Hyderabad as one of the leading business schools in the country has always been at the forefront of programs and initiatives involving industry and academia. We have forged tie ups with leading organizations in commodities, banking, insurance and analytics space in the recent past. These associations create a win-win for industry and the academic institution. For industry they get a ready pool of young talent which is trained and for the business school the partnership provides vital inputs for syllabi updation, expert inputs for launch of industry specific courses, Management Development programs, Consultancy opportunities, summer internships and final placements.” He wished the association with Genpact will benefit both the parties and the most important stakeholder the student itself.