Mumbai UniversityGarware Institute of Career Education and Development (GICED) has initiated a landmark collaboration with the Institute of Risk Management’s India Affiliate (IRM India) to offer IRM’s Global Level 1 Enterprise Risk Management (ERM) course as a 2-credit open elective virtual course under the National Education Policy (NEP, 2020). Headquartered in the UK and established in 1986, IRM is the world’s leading certification body for ERM.
Exams in 143 countries. IRM is the only body in the world to award the designation
With Fellowship at Stage 5/Level 5 in ERM.
In a world where events such as pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning, and reputational damage are becoming more common, understanding and managing all forms of risk is no longer just a profession – but a critical life skill on any career path. Through this landmark collaboration, students can gain global life skills by becoming risk-intelligent in every domain and sector with this internationally recognized 2-credit open elective virtual course covering 300 areas of risk. university Students pursuing graduation or post-graduation from any college in Mumbai, in any subject or stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can register for the course to become risk-literate. Mumbai University alumni working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professional, employee) can also enroll for this course to enhance their skills and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai said, “We are delighted to partner with the prestigious Institute of Risk Management (IRM) UK to offer a world-class Risk Management Open Elective 2 Credit Program to our students. This collaboration will enable our students to gain cutting-edge knowledge and skills in risk management, preparation, and management.
They will be able to understand the complexities of the rapidly changing global business landscape. Students will be able to work in any career in any function across industries including startups, family businesses, business departments of a company or risk management departments, including their ability to identify enterprise-wide risks. UM GICED will be able to contribute to the creation of risk management
resilient India.” “This historic collaboration will help students aspire to become professionals, business leaders,
For consultants, entrepreneurs or next-generation family business owners, this accredited open elective course for 2 credits will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to tackle challenges in emerging areas such as AI, climate, supply chain, geopolitics and project management, confidently driving change in these areas.
turning challenges into opportunities”, said Ian Livesey, CEO of the Institute of Risk Management.
“We are thrilled to partner with the prestigious University of Mumbai, reinforcing our commitment to build a developed, self-reliant and resilient India by nurturing risk-intelligent leaders. This collaboration will equip students and alumni of the university and its affiliated colleges with essential knowledge that transcends industries, roles and responsibilities”, said
Harsh Shah, CEO of IRM India Affiliate and India’s youngest Enterprise Risk Expert at the launch event. As part of the course, students will get a physical textbook, 3-month access to the online learning portal from IRM India Affiliate which includes study material, course videos and 24/7 AI-enabled academic support through faculty. Exams will soon be conducted on a continuous basis
Students complete the online training. Students will have unlimited attempts to pass the exam within a period of 3 months. Once students pass the internal and external exams, GICED will prepare a mark sheet as per the university’s academic schedule, and 2 academic credits will be awarded under the Academic Bank of Credits (ABC). Candidates will then have the opportunity to pay and appear for a supplementary online exam by IRM India to receive IRM’s Global Level 1 Certificate from the UK, recognised in 140 countries.
Registrations for the course will begin on 15th October 2024. Students and alumni of the university can pre-register by making inquiries on the registration section. College Deans/Faculties/Program Coordinators/Heads of Departments affiliated to Mumbai University interested in offering this international course under NEP, integrate this course in their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in UK, founded in 1986) is the world’s leading certification body for Enterprise Risk Management (ERM) examinations in 140+ countries. IRM is the only body in the world that offers designation in ERM with Fellowship at Stage 5/Level 5. IRM India Affiliate has partnerships with leading organizations like Invest India, NIMSME (Ministry of MSME), IHCL, UltraTech Cement, Cipla. Reliance JioTata Consumer Products, HDFC Asset Management and ICICI Lombard. It also has academic tie-ups with institutions such as Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy and FLAME University. Other landmark initiatives include a report with AICTE, the annual CRO summit with NISM (SEBI’s capacity building initiative), a virtual risk program for school students with Mindler, What’s The RiskTM show on CNBCTV18 and the Enterprise Risk and Indian Regulation Online Course (ERIRC) with NISM. More information on IRM eligibility, exam updates and other details is available Here,
About Mumbai University
The University of Mumbai (formerly known as the University of Bombay) is one of the oldest and most prestigious universities in India. It was founded in 1857 as a result of the “Wood’s Education Despatch”, and is one of the first three universities in India. It was awarded Category I university status by the UGC. The university was graded A++ with a CGPA of 3.65 by the National Assessment and Accreditation Council (NAAC), Bangalore in August 2021, and its current CGPA is the highest in Maharashtra.
About Garware Institute of Career & Education Development
Garware Institute of Career Education and Development (GICED) was established by the University of Mumbai in 1984 through the joint efforts of Padmabhushan Shri Aabasaheb Garware and Prof. Ram Joshi, the then Vice Chancellor of the University of Mumbai, with the aim of conducting various vocational and career-oriented courses.
Disclaimer: The above material is non-editorial, and TIL hereby disclaims any and all warranties, express or implied, relating thereto. TIL does not guarantee, verify, or necessarily endorse any of the above material, nor is it responsible for them in any way. The article is not investment advice. Please take all necessary steps to ensure that any information and material provided is correct, up to date and verified.
Exams in 143 countries. IRM is the only body in the world to award the designation
With Fellowship at Stage 5/Level 5 in ERM.
In a world where events such as pandemics, wars, cyber-attacks, fake news, supply chain disruptions, governance irregularities, entrepreneurial failures, succession planning, and reputational damage are becoming more common, understanding and managing all forms of risk is no longer just a profession – but a critical life skill on any career path. Through this landmark collaboration, students can gain global life skills by becoming risk-intelligent in every domain and sector with this internationally recognized 2-credit open elective virtual course covering 300 areas of risk. university Students pursuing graduation or post-graduation from any college in Mumbai, in any subject or stream (technology, engineering, law, finance, business studies, entrepreneurship, marketing, and more) can register for the course to become risk-literate. Mumbai University alumni working in any function (HR, supply chain, finance, audit, governance, procurement, branding) or role (entrepreneur, family business owner, professional, employee) can also enroll for this course to enhance their skills and start a career in ERM.
Prof. (Dr.) Ravindra Kulkarni, Hon’ble Vice Chancellor, University of Mumbai said, “We are delighted to partner with the prestigious Institute of Risk Management (IRM) UK to offer a world-class Risk Management Open Elective 2 Credit Program to our students. This collaboration will enable our students to gain cutting-edge knowledge and skills in risk management, preparation, and management.
They will be able to understand the complexities of the rapidly changing global business landscape. Students will be able to work in any career in any function across industries including startups, family businesses, business departments of a company or risk management departments, including their ability to identify enterprise-wide risks. UM GICED will be able to contribute to the creation of risk management
resilient India.” “This historic collaboration will help students aspire to become professionals, business leaders,
For consultants, entrepreneurs or next-generation family business owners, this accredited open elective course for 2 credits will serve as a gateway to mastering problem-solving and risk-based decision-making skills. Students will also learn to tackle challenges in emerging areas such as AI, climate, supply chain, geopolitics and project management, confidently driving change in these areas.
turning challenges into opportunities”, said Ian Livesey, CEO of the Institute of Risk Management.
“We are thrilled to partner with the prestigious University of Mumbai, reinforcing our commitment to build a developed, self-reliant and resilient India by nurturing risk-intelligent leaders. This collaboration will equip students and alumni of the university and its affiliated colleges with essential knowledge that transcends industries, roles and responsibilities”, said
Harsh Shah, CEO of IRM India Affiliate and India’s youngest Enterprise Risk Expert at the launch event. As part of the course, students will get a physical textbook, 3-month access to the online learning portal from IRM India Affiliate which includes study material, course videos and 24/7 AI-enabled academic support through faculty. Exams will soon be conducted on a continuous basis
Students complete the online training. Students will have unlimited attempts to pass the exam within a period of 3 months. Once students pass the internal and external exams, GICED will prepare a mark sheet as per the university’s academic schedule, and 2 academic credits will be awarded under the Academic Bank of Credits (ABC). Candidates will then have the opportunity to pay and appear for a supplementary online exam by IRM India to receive IRM’s Global Level 1 Certificate from the UK, recognised in 140 countries.
Registrations for the course will begin on 15th October 2024. Students and alumni of the university can pre-register by making inquiries on the registration section. College Deans/Faculties/Program Coordinators/Heads of Departments affiliated to Mumbai University interested in offering this international course under NEP, integrate this course in their curriculum.
About IRM India Affiliate
The Institute of Risk Management (headquartered in UK, founded in 1986) is the world’s leading certification body for Enterprise Risk Management (ERM) examinations in 140+ countries. IRM is the only body in the world that offers designation in ERM with Fellowship at Stage 5/Level 5. IRM India Affiliate has partnerships with leading organizations like Invest India, NIMSME (Ministry of MSME), IHCL, UltraTech Cement, Cipla. Reliance JioTata Consumer Products, HDFC Asset Management and ICICI Lombard. It also has academic tie-ups with institutions such as Mahindra University, Sri Sri University, NMIMS CIS, IFMR Business School, MAHE, National Insurance Academy and FLAME University. Other landmark initiatives include a report with AICTE, the annual CRO summit with NISM (SEBI’s capacity building initiative), a virtual risk program for school students with Mindler, What’s The RiskTM show on CNBCTV18 and the Enterprise Risk and Indian Regulation Online Course (ERIRC) with NISM. More information on IRM eligibility, exam updates and other details is available Here,
About Mumbai University
The University of Mumbai (formerly known as the University of Bombay) is one of the oldest and most prestigious universities in India. It was founded in 1857 as a result of the “Wood’s Education Despatch”, and is one of the first three universities in India. It was awarded Category I university status by the UGC. The university was graded A++ with a CGPA of 3.65 by the National Assessment and Accreditation Council (NAAC), Bangalore in August 2021, and its current CGPA is the highest in Maharashtra.
About Garware Institute of Career & Education Development
Garware Institute of Career Education and Development (GICED) was established by the University of Mumbai in 1984 through the joint efforts of Padmabhushan Shri Aabasaheb Garware and Prof. Ram Joshi, the then Vice Chancellor of the University of Mumbai, with the aim of conducting various vocational and career-oriented courses.
Disclaimer: The above material is non-editorial, and TIL hereby disclaims any and all warranties, express or implied, relating thereto. TIL does not guarantee, verify, or necessarily endorse any of the above material, nor is it responsible for them in any way. The article is not investment advice. Please take all necessary steps to ensure that any information and material provided is correct, up to date and verified.
