The Manipal-based TA Pai Management Institute (TAPMI) formally opened a Finance Lab for its students on Saturday.
Speaking at the inauguration of the Finance Lab on Saturday, Gururaj Kidiyoor, Dean (Academics) of the institute, said that around 20 business schools in the country have Finance Labs. He claimed that TAPMI’s Finance Lab is the largest among all with 16 Bloomberg terminals.
Madhu Veeraraghavan, professor from the institute, who was instrumental in setting up the Lab, said that Finance Lab brings real financial world to the classrooms.
With this lab, students will get hands-on experience in investments and portfolio management, risk management and understanding of the global financial management.
He said that the institute has set up a ‘Student Investment Management Fund’ where the institute will select 25 students for managing the fund. Each student will be given ₹25,000 to make investments in the market and show results, he said.
Nayan Mehta, Chief Financial Officer of Bombay Stock Exchange, who inaugurated the Lab, said that this Lab gives feel and knowledge about the real market, even before students complete their education.
He said that the Finance Lab with 16 Bloomberg terminals and other tools gives a competitive advantage to TAPMI. A competitive advantage gives head start in any competitive situation.
He cautioned the students that creation of a competitive advantage is not a one-time process. Today’s competitive advantage can cease to be as such in future. He urged the students to continuously upgrade the knowledge and skills to remain competitive and relevant.