BML Munjal University signs a MoU with Axis Bank

Elective course in Banking added as a part of the MBA program offered under School of Management (SoM) of BML Munjal University

Gurgaon, February 15th, 2016 – In keeping with its core philosophy of creating an enabling environment for a sustainable industry-academia partnership, the BML Munjal University has signed a Memorandum of Understanding (MoU) with Axis Bank Ltd. Under this association, both the companies will jointly work towards promoting cooperation and advancing academic and business exchanges.

The MoU will provide students, currently enrolled in the first year of BMU’s MBA program, with an avenue to opt for an additional course. The objective of this new optional co-certification course is to make students aware of Banking Sector in India; as well as the products and services offered by Axis bank. The course was launched on 4th February 2016 by the Transactional Banking {NCR} head of Axis Bank, Mr. Anil Kumar Sharma.

Axis Bank is the third largest private sector bank in India, offering a spectrum of services to customer segments covering large and mid-corporates, SME, agriculture and retail businesses. 

Talking more about the alliance and the course, Mr. Akshay Munjal, President, BML Munjal University said, “BML Munjal University aims to create a talented community of students and faculty who excel in teaching, learning and research in a creative and stimulating environment. To this end, we are leveraging an ecosystem around a large and diverse set of industries and corporate organizations. BMU has inked this MoU with Axis Bank with a vision to provide 40 hours of learning about the banking sector backed by an impeccable educational infrastructure and able faculty members.” 

Under this MoU, Axis Bank will also initiate a placement process prior to the existing one run by the university, thus, giving students a chance to work under one of the most successful brands in the banking sector. Such exposure would also translate into better employability and remuneration prospects for students; where students will be hired directly as ‘Deputy Managers’

In the wake of issuance of new licenses and efforts being made by the RBI and the Government of India to expand financial services to rural areas, experts believe that the banking sector may create up to 20 lakh new jobs in the next 5-10 years. This new elective course, in association with Axis Bank, will help in further enhancing their skill set to work efficiently in such a booming sector.