LAST WEEK WE ASKED: Do you think the out-of-court settlement of CFA institute and ICFAI University is positive for students?
The only gainer in all this is the CFA and its charter holders. Now since ICFAI will not be admitting students to its CFA course anymore, those who have already passed the CFA (ICFAI) exam will be at loss because now they would be holding the degree of a course which has been discontinued. We all know the psyche of Indian employers, who usually look down upon a degree which has been discontinued. Therefore the out-of-court settlement is a positive news but only for CFA and its charter holders. However, the commoditisation of education is still on rise in India.
-- Neeraj Gupta, Xavier Institute of Management & Entrepreneurship (XIME), Bangalore.
Until now, CFA institute was unable to conduct its exam in India but after having settled the row with ICFAI University it can continue its operation in full swing. The US-based CFA institute offering international CFA certification is keen on adding test centers in India as per the demands. This will influence graduates in various fields to pursue the course as it will be easier for them to participate in the exam in their home country, thereby, helping students to boost their resume by adding the renowned certification. Thus, students will be the main beneficiary in the bipartite dispute settlement.
-- Shivam Chhabra, Integral University, Lucknow.
This is really a welcome move for the students whose future earlier hung in confusion as well as for institutes who can now concentrate better on their course structure. The students can now enrol according to their choice without feeling vulnerable about their future prospects because till now they were being forced to live in an atmosphere of suspicion. At the same time it sends out a positive signal to CFA institute as well as to the international community to expand their operations in India opening better avenues to the prospective candidates.
-- Prateek Parimal, Institute of Rural Management Anand (IRMA).
Both colleges in discussion are of good repute and carry a very strong presence in their respective countries and industry domains. In such a scenario, if any non-fiduciary academic discrepancy arises, court cases circulates a negative message among the student and corporate fraternity about the overall viability, ethics, practices, foundation and academic infrastructure of the colleges. A cautious attitude is germinated in students and parents and thus they start looking for other subtle avenues. This out-of-court settlement is a welcome as the interests of both students and parents are guarded and is a prudent message to other institutions as well.
-- Nandish Agarwal, Galgotias College of Engineering and Technology, Greater Noida.
The decade cold war between the two giants had came to an end and shown signs of mental relief for the students who enroll into these programme. With these development, the CFA had distinguish clearly its identity from ICFAI and now the focus will be to promote the highest standards of ethics and professionalism.The terminology 'CFA (ICFAI)' and 'CFA' will help the employers to differentiate between the candidates. It will help the students to target the particular course in depth and build on their basic instead of beating around the bush with dual courses.
-- Harsh Mehta, St. Kabir of Professional Studies, Ahmedabad.
Your responses should reach us at firstname.lastname@example.org by Monday evening every week. Please ensure that your responses do not exceed 100 words. Avoid attachments and email your full name, institute's name, batch and complete mailing address. The student who gives the 'Best Response' will be awarded Rs 500.
THIS WEEK'S QUESTION: Do you think the government should give tax concession to donors donating to educational institutes?