Institute of Chartered Financial Analysts of India

ICFAI University

ICFAI University Logo
Type	Private
Established	1984
Location	Uttaranchal, Tripura, Sikkim, Meghalaya, Mizoram Nagaland , India
Affiliations	UGC
Website	www.icfai.org

Institute of Chartered Financial Analysts of India (ICFAI University) [hereinafter referred to as the University] represents the multi-campus network of universities, sponsored by the Institute of Chartered Financial Analysts of India [hereinafter referred to as the Institute] in the states of Uttaranchal, Tripura, Sikkim, Meghalaya, Mizoram and Nagaland under respective legislations. The Governments of Rajasthan and Chattisgarh issued letters of intent to the Institute for the establishment of Universities. Each University in the network is a separate and independent legal entity. Consequently, the University confers degrees at bachelor’s, master’s and doctoral levels on eligible students subject to the University Regulations. The University Grants Commission has included the Institute of Chartered Financial Analysts of India (Icfai) University, Dehradun, Uttaranchal in the list of Universities maintained by the University Grants Commission under Section 2 (f) of the UGC Act, 1956. A number of educational programs are offered in management, finance, banking, insurance, accounting, law, information technology, arts, commerce, education and science & technology at bachelor’s and master’s levels on full-time campus and flexible learning formats. Examinations are conducted at over 130 test centers all over India, four times a year.

History

Institute of Chartered Financial Analysts of India, ICFAI started in 1984 with the flagship program Chartered Financial Analysts CFA.Since then it has been offering Programs at Bachelors, Masters and Doctoral Level. The University Grants commission has included the Institute of chartered Financial Analyst of India (ICFAI) University, in the list of Universities maintained by the university Grant commission under section 2 (f) of the UGC Act, 1956. ICFAI University will provide placements to the students of MBA, CFA & MCA programs. The placements would provide within 3 months from the date on which the program completion Certificate is issued by the University.

Strength

ICFAI Business School Hyderabad has a batch strength of 1200. While its strength all over India is more than 5000.

Campus

The new campus has begun functioning at Dontanapally, RR District (32 KM from Hyderabad). The size of the campus is 100 acres.It has all the modern facilities including hostels and Wi-Fi enabled campus, AC Classrooms, Sports Complex, Conference Hall and Screening facilities, shoping complex.

Criticism

ICFAI University has been criticized for being money minded, which is not usually the case with universities in India.

Many student who take admission in ICFAI leave, because even after paying hefty fees student are asked to pay very high fees for basic facility like book library, past question papers, which is unheard in Indian universities till now.

“Examination Department” of ICFAI has been accused of involved in unfair practice.

Selective answer sheets in ICFAI exams go through “Negative Marking”. And the decision about which answer sheet will be negatively marked depends on how many services a particular student is paying for.

Student who join ICFAI franchises “study center”, subscribe to ICFAI publications at very high rate, (1800 Rs for monthly 50 page magazine for one year). Purchase past question paper, etc have less chances of there answer sheet going for a negative marking.

For poor student, chances of negative marking are very high.

According to a few students, “ICFAI branch office and study centers” also provide students with Question papers a few hours before the Exams. Which helps them scoring good marks.

ICFAI also tries to make money through co-branded products like credit card, book’s etc. This is a new trand in Indian education system where a University is working as market for other products and indirectly making huge amount of unaccounted money.

ICFAI branch office in various city’s are business oriented, they comprise mostly of sales staff, who are always more interested in selling admission to students, ignoring the main purpose of student i.e. to become a Post Graduate in Management.

ICFAI have provided a Email address to students which is suppose to answer student queries for various topics. Here also priority are set according to payment made by the student. i.e. high priority are given to students who have paid more in terms of subscription etc.

Validity of MBA from ICFAI

ICFAI University is Registered in North-East States of India. and according to Rule A student need to have a domisile of the state to be a student of a University from that state.

Although ICFAI provides a “Post graduation in Management” the distance learning certificate have not much worth in Finance and banking Industry , according to CFO of many big Indian company’s, a Distance learning MBA certificate from ICFAI is not even worth the paper on which it is printed on.

Court Cases

There are many pending case against ICFAI in various Courts through out india.

• SC dismisses ICFAI's plea against CFA Institute
• Implications of the Supreme Court's judgement declaring 112 private universities (including ICFAI) in Chattisgarh illegal
• Acording to SC ICFAI is illegle

A group of student from Pune are in proccess of filling a case in Consumer court against the Negative marking of answer sheet of poor students.

The base of this case is, Examination process of ICFAI is not certified by any nutral agency, which implies that ICFAI can evaluate the answer sheet of Student in any manner.

In every question paper of ICFAI, a note is present which says " There May be Negative Marking of Aanswer sheet" although the reason for which Nigative marking will be done or not done is not printed on Question paper.

Division

ICFAI University also has a special division called IBS-CDC which stands for "ICFAI Business School- Case Development Centre". Founded in July 2003, this division develops case studies based on recent published sources of global and, to an extent, Indian companies. Other activities include the development of teaching notes, structured assignments, and case volumes or compilations of case studies in various functional areas of management, all of which are designed to assist professors in discussing case studies at management institutes across the globe. The department is headed by Dr. Nagendra V. Chowdary. The cases developed by IBS-CDC are regularly uploaded at the European Case Clearing House which has a website, www.ecch.com

External links

• SC dismisses ICFAI's plea against CFA Institute
• Implications of the Supreme Court's judgement declaring 112 private universities (including ICFAI) in Chattisgarh illegal
• Acording to SC ICFAI is illegle
• [1]
• ICFAI University Official Website
• ICFAI Business School
• ICFAI National College
• ICFAI School of Financial Studies
• ICFAI School of Marketing Studies
• ICFAI School of Human Resource Development
• ICFAI Institute for Management Teachers
• ICFAI Institute of Science & Technology
• ICFAI School of Information Technology
• ICFAI Center for Flexible Education
• ICFAI School of Public Policy
• ICFAI Law School
• ICFAI College of Education
• ICFAI Center for Management Research
• ICFAI University Press
• ICFAI Center for Entrepreneurship Development
• ICFAI Postgraduate Program in Malaysia