The tie-up between a b-school and corporate is what gives the business schools a cutting-edge advantage. This tie-up is in the interest of both the parties. The business school gains in terms of academic inputs to its own students becoming more practical. The industry gains in terms of consulting / advisory services or training program at a reasonable cost. This is the reason why the business schools are trying to build up such symbiotic relationship.
IIKM is actively involved in building such relationship through mainly following activities:
Corporate training programs. These programs are tailor-made in various functional aspects or general management including strategy and soft skills.
Undertaking various types of Consulting activities as a problem solving measure for the corporate clients.
Undertaking Research projects on behalf of the corporate & institutional clients.
Institutional Training programs – Skill Developments & Finishing School Training
The institute also has a quarterly journal known as “Indian Research Review” that contains many of the research findings undertaken by the institute.
The IIKM Chennai has collaborated with CDC for delivery of the “Certificate Programme on Management Consulting” and “MS- Management Consultancy” courses.
Consultants play an important role in the industry as well as in facilitating economic development of the country. There is a paradigm shift in the Consulting Profession in the last few decades in the country and Consulting Sector is positioning itself as one of the promising areas for Management Professionals.
The demand for Consulting in various sectors of economy as well as in emerging areas has increased tremendously in the last few years. This has created a huge demand for Consulting Professionals in the industry. Consultant is an important functionary in development of products and projects, aiding in providing optimum solutions to achieve bottom-line requirements of client organisations. The Consultants, besides having domain expertise in their area of operation, must be equipped with the knowledge of different dimensions of the job of a Management Consultant and the desirable skills to do that job with requisite perfection. A good and sound knowledge of the requisite dimensions and skills helps not only in value addition in service delivery but also helps in brand building for the Management Consultant.
Realizing this need, Consultancy Development Centre, an Autonomous Institution of Department of Scientific and Industrial Research (DSIR), Ministry of Science & Technology, Government of India, is offering the “Certificate Programme in Management Consulting”.
Consultancy Development Centre
Consultancy Development Centre (CDC) is an Autonomous Institution of the Department of Scientific and Industrial Research (DSIR) of Ministry of Science and Technology, Government of India, working towards promoting and strengthening Consultancy skills and capabilities including export of Consultancy Services. CDC is also the nodal agency in the Asia Pacific region for the Technical Consultancy Development Programme for Asia and the Pacific (TCDPAP), a programme promoted by the United Nation Economic and Social Commission for Asia and the Pacific (ESCAP).
Objectives of Programme
To prepare professionals for a career in Management Consulting
To impart basic understanding of the requirements of the profession
To equip professionals with knowledge, skills and attitude desirable for a career in Management Consulting
To prepare professionals working in industry, service sector, development sector and Not for Profit Organisations for Internal Consulting Roles within their present organizations/companies
Key Features of the Programme
Class room inputs by faculty having practical consulting experience
Facility to seek clarifications / information through E-mentoring
Certificate by CDC, Autonomous Institution of DSIR, Ministry of Science & Technology, Government of India on successful completion of programme
All registered candidates would be expected to appear for a three hour written test at the end of the course. Those securing atleast 50% marks (C grade) would become eligible for award of certificate by CDC.
Who should attend the Programme? The programme would be ideal for professionals who :
Are individuals inclined to have a career in Management Consulting after acquiring their educational qualifications (fresh as well as having non-consulting experience)
Are working in industry/service sector/development sector/not for Profit organisations with the job profile as Internal Consultant to their own organisation
Are working at entry levels in a consulting firm
Eligibility : M.Sc./ M.Com / M.B.A./ M.C.A../ A.C.A./ A.C.S./ I.C.W.A./ B.E./ B. Tech. or Equivalent. *Final year students also can apply.
Management Development Programs (MDPs) and Workshops for Corporate Executives
These programs are designed to impart contemporary knowledge, Skills and practices in various functional disciplines of management. The participants are equipped to enhance their performance and appreciate their individual contribution against the large perspective of organizational goals and challenges. Such exposures encourage executives to think beyond the confines of their discipline and appreciate the organizational imperatives especially in terms of the cross functional needs.
Management Development Programs / Workshops Planned
International Financial Reporting Standards Basic Financial Intelligence
Six Sigma Green Belt Training
Contemporary Financial Markets and Instruments
Enhancing Personal Effectiveness
Basel Ll - Merits and Challenges
Transforming Employees Into Leaders a Pathway
Data Analysis and Business Modeling Through MS- Excel 2007
Business Intelligence Through SAS
The IMA is the leading professional organization devoted exclusively to management accounting and financial management. As set forth in its mission and vision statements, its goals are to help members develop both personally and professionally, by means of education, certification, and association with other business professionals.
IIKM also has a tie up for IMA’s Certification for Accountants and Financial professionals in Business. The Institute of Cost and Works Accountants of India (ICWAI) has entered into a memorandum of understanding (MoU) with the Institute of Management Accountants (IMA), USA. Both the institutes will develop the profession of management accountancy for the benefit of their members and students.
Compact (2 papers), Industry relevant syllabus.
Online Exam Facility in any metro city
International Brand Value
Officially Equivalent to ICWA (MOU signed).
Huge job opportunities in India & abroad.
CMA is a pretty affordable an exam.
Classroom Coaching / Distance mode
Online live video coaching using WEBEX is available in the weekends for working executives
MoU with ICWA
To reflect the globalization of business and the importance of sound management accounting practices in all parts of the world, IMA® and the Institute of Cost and Works Accountants of India (ICWAI), a statutory body enacted under an Act of Parliament of India, have entered into a joint partnership agreement. At the cornerstone of the partnership is a mutual recognition of each organization’s respective certifications, allowing automatic award of IMA’s Certified Management Accountant (CMA®) certification for ICWAI’s Cost and Works Accountant (CWA) certificate holders. With 42,000 qualified professionals, ICWAI is the regulating authority of the cost and management accounting profession in India.
The Institute of Cost and Works Accountants of India (ICWAI) has entered into a memorandum of understanding (MoU) with the Institute of Management Accountants (IMA), USA. The MoU will enable recognition of the professional qualification of the respective institutes. Both the institutes will develop the profession of management accountancy for the benefit of their members and students. According to the MoU, a member of ICWAI can get enrolled as a member of IMA USA and vice-versa. However, an IMA member enrolling as a member of ICWAI will not be allowed to hold a certificate of practice to undertake any statutory work in India.
Institute of Certified Management Accountants
Certified Management Accountant (CMA) Content Specification
Part 1 Financial Planning, Performance and Control (4 hours – 100 questions and 2 essay questions)
Planning, Budgeting and Forecasting 30% Level C
Performance Management 25% Level C
Cost Management 25% Level C
Internal Controls 15% Level C
Professional Ethics 5% Level C
Part 2 Financial Decision Making (4 hours – 100 questions and 2 essay questions)
Financial Statement Analysis 25% Level C
Corporate Finance 25% Level C
Decision Analysis and Risk Management 25% Level C
Investment Decisions 20% Level C
Professional Ethics 5% Level C