Based on the theory propagated by Thomas Robert Malthus, the burgeoning population of India was once viewed as a looming catastrophe. But, modern economic theory speaks of India capitalizing on its demographic dividend.
Realistically though, the demographic dividend will deliver results only when the workforce is empowered and productive. And this can happen only through the Institutions that are assigned with the responsibility of building the future.
At TKWs Institute of Banking and Finance, the take-off begins with the belief that it is intrinsically responsible for equipping learners with knowledge and skills that are in tandem with national priorities and fulfil industry demand, and also anticipate next generation needs of industry, thereby ensuring that the students who walk out of its portals are ahead of the curve.
How the Institution is aligned with national priorities
Every household in the country is aware of the movement to “Make in India” an initiative spearheaded by none other than the Honourable Prime Minister, Narendra Modi.
TKWs took up the challenge to promote the “Make in India” program with missionary zeal, by encouraging each of its students to prepare a Project Feasibility Report for manufacture of a product in India.
Exciting reports for production facilities for flour mill, chocolate bars, ice cream cones, etc. have taken shape and are on offer to first generation entrepreneurs with the possibility of dovetailing with the Pradhan Mantri MUDRA Yojana for financing the capital outlay. The Institute also organised a Bankers’ Meet to create BFSI Vision 2022 in response to the clarion call of the Prime Minister to work together to make India a world leader by the year 2022.
The vision document that emerged won rich accolades from the Governor of Reserve Bank of India, Raghuram Rajan. TKWs has taken upon itself the mantle of being the torch-bearer for the program, and the next Bankers’ Meet, to discuss ground level implementation of the vision document is slated to be held in September 2016.
All this puts the TKWs’ efforts directly in line with those of the Govt. of India. It is an Institution that can foresee what is coming and prepare its students to tap into the opportunities that a future scenario can offer. The demands for banking services, manpower and technology, will inevitably grow exponentially. The need to create industry ready manpower cannot be over-emphasised.
Beyond mark sheets: A holistic picture of the student
In line with the thinking of the Honourable Prime Minister, TKWs also implements an inclusive process that is reflected in its open door policy at admission stage.The approach signals the innate conviction of the Institute that academic mark sheets often conceal more than they reveal.
The eligibility criteria for its undergraduate course are 50% marks in best 4 subjects at the 10+2 or HSC stage, and a valid score in TKWs BAT / UGAT /SAT.
For the post-graduate course, the only additional criterion is graduation in any stream from a recognized University.
The Institute follows an inclusive policy that demands only achievement of the minimum standards necessary for moulding the student into rich professional material.The intellectual infrastructure, the processes and the experiences will contribute to the conversion of raw talent into workplace champions.
The disappointing market trends in counselling
Education has become more a matter of commerce than the honourable profession it was once recognised to be. This has led to the adoption of unethical practices to capture unwary students in a desperate race to fill the classrooms and keep the cash registers ringing. The so-called counsellors are untrained and counselling has become a malaise in the Indian education ecosystem.
Learning academies and institutes are driven only by the desire to meet targets, and business compulsions relegate student interest to a secondary position. The inevitable outcome, at course end, is students who are disillusioned, unemployable and discontented elements in civil society.
TKWs counsellors are trained to empathise with students, understand their aspirations and abilities, offer constructive career guidance and advisories, and inform students of the advantages and disadvantages of the suggested courses of action.
Career counselling process at TKWs is carried out at three independent levels but is seamless.
The objective is that the student understands the demands of the course, his/her own strengths and limitations, the quantum of effort that will be required, and wherever required, suggestions are made about other courses such as communication skills, short duration refresher courses in the use of specific software, etc. that should be taken up prior to commencement of classroom sessions in the recommended course.
Transparency is the hallmark of the career counselling process at TKWs with the interests of the student always being held paramount. TKWs philosophy is that it is building the future generation of the country.
Combining theoretical knowledge with experiential learning
TKWs success is based on impeccable infrastructure; leading with an in-house faculty, par excellence, that is professionally qualified, steeped in field level experience, which present the big picture of the banking and finance sector.
This is supplemented by guest lectures by doyens of the banking and finance sector and industry based on contemporary events in the world, and complemented by unique experiential learning pedagogy based on real world happenings.
Out of the classroom learning, including participation in study tours, leadership summits, etc. provide students with a hands-on opportunity to develop communication skills, leadership traits, relationship building techniques, etc. which prepare them to take up leadership roles in their chosen fields.
Remarkable outcomes of TKWs IBF courses
TKWs target is outcomes and not mere output which is evident from the manner in which students have germinated ideas and written scripts that have been converted into innovative products by leading players in industry.
Examples of the creativity and commercial acumen of TKWs students are the Metro Debit Card (ICICI Debit Card), Holiday Finance Scheme (Thomas Cook) and Maternity Insurance Scheme (Max Bupa) to count a few.
The next generation
Joining TKWs IBF will prove to be a voyage of discovery from which students will emerge with knowledge, skills and attitude, with tremendous market value.
In chronology, students may belong to the present generation but the course equips them to deal with the next generation banking products.