IIM Calcutta Signs Pact with FPSB India for Financial Planning Programme
Kolkata, February 5, 2026 – The Indian Institute of Management Calcutta (IIM Calcutta) has officially signed an agreement with the Financial Planning Standards Board (FPSB) India to launch a new executive education programme in chartered financial planning. This collaboration aims to combine IIM Calcutta’s renowned academic excellence with FPSB’s global expertise in professional financial planning standards.
Details of the Agreement
The memorandum of understanding (MoU) was signed in Mumbai by IIM Calcutta’s director, Professor Alok Kumar Rai, in the presence of FPSB’s global CEO, Dante De Gori. The Dean of Executive Education at IIM Calcutta, Professor P Rajesh Babu, was also present during the signing ceremony.
About the Programme
The new executive education programme will focus on providing specialized training in financial planning. It is designed to equip participants with the skills and knowledge necessary to excel in the financial planning sector. The curriculum will integrate IIM Calcutta’s rigorous academic standards with FPSB’s comprehensive understanding of global financial planning practices.
Objectives of the Programme
- To enhance the professional skills of financial planners.
- To provide a robust understanding of financial planning standards.
- To prepare participants for certification in financial planning.
- To foster a network of professionals in the financial planning industry.
Significance of the Collaboration
This partnership marks a significant step forward in the field of financial education in India. IIM Calcutta, established in 1961, is one of the country’s premier business schools and the first of its kind in India. The collaboration with FPSB India, a subsidiary of FPSB USA, is expected to enhance the quality of financial planning education in the nation.
About FPSB India
FPSB India is a leading organization dedicated to establishing and promoting professional standards in financial planning. The organization plays a crucial role in the certification and training of financial planners, ensuring that they meet the highest standards of professionalism and ethics in their practice.
Statements from Leadership
Professor Alok Kumar Rai expressed his enthusiasm about the partnership, stating, “The collaboration with FPSB India will allow us to offer a comprehensive and globally recognized programme in financial planning. This initiative will not only benefit our students but also contribute to the overall growth of the financial planning profession in India.”
Dante De Gori, the global CEO of FPSB, also shared his thoughts, emphasizing the importance of high-quality education in financial planning. He remarked, “We are excited to partner with IIM Calcutta, a prestigious institution, to advance the standards of financial planning education in India. This programme will empower professionals to better serve their clients and enhance the financial well-being of individuals and families.”
Future Prospects
As the financial landscape continues to evolve, the demand for qualified financial planners is expected to grow. This programme is poised to meet that demand by training professionals who are well-versed in both theoretical and practical aspects of financial planning.
Potential Impact on the Industry
The introduction of this executive education programme is anticipated to have a significant impact on the financial services industry in India. By equipping financial planners with advanced skills and knowledge, the programme aims to elevate the standards of financial advice provided to clients.
Conclusion
The collaboration between IIM Calcutta and FPSB India represents a pivotal moment in the field of financial education. By leveraging the strengths of both organizations, this initiative promises to enhance the quality of financial planning services in India and prepare professionals for the challenges of a dynamic financial environment.
Note: This article is based on information available as of February 5, 2026, and aims to provide a comprehensive overview of the newly launched financial planning programme at IIM Calcutta.
