On April 12, 2022, the French business school and the Bombay Stock Exchange Institute (BSEI), the training body of the Bombay Stock Exchange, launched a new joint program in Global Business Management after an first agreement in Financial Data Intelligence concluded last year. However, BSEI does not have university status and therefore does not issue degrees. So what are the reasons for this choice?
“We have wanted to offer programs in partnership with the Bombay Stock Exchange Institute for a long time. It is a body with strong academic and professional recognition in India, and the fact that it is not registered as a university gives it a lot of leeway. This flexibility allows us to set up formats other than those of our classic university partnerships,” explains Maud Le Bars, South Asia Area manager at Rennes School of Business.
A certificate issued by BSEI and an MSc degree by Rennes School of Business
BSEI is indeed specialized in joint programs, delivered with international partners such as Western Sydney University in Australia or Simon Fraser University in Canada. And now also with Rennes Business School, their only partner in France. The model is almost always the same: the students, mostly young professionals, start with 3 months of courses in Mumbai, in the stock exchange building itself. In a second phase, they join the international partner university, online or in person. At the end, they are granted a certificate by BSEI and a degree by the foreign institution.
The joint program in Global Business Management between Rennes Business School and the BSEI follows the same pattern, with some variations. From mid-July to mid-September, the selected students will attend BSEI, where they will follow the first part of the program. From mid-September, they will participate in Rennes Business School's online sessions, and will start working on joint projects with their classmates in France, while being able to use their free time to complete an internship facilitated by BSEI.
A rigorous admissions process
Early January, students will eventually head to France for a classic semester within the MSc in Global Business Management in Rennes, followed by a compulsory internship of 4 to 6 months and the submission of a 50-page dissertation, the “Graduating project”. “We are aiming for at least 12 students per cohort, as for our program in Financial Data Intelligence signed in February 2021”, details Maud Le Bars. The admission procedure is rigorous because both partners must validate the file of each candidate.
On the student side, the total duration of the program is slightly longer than a traditional MSc (18 months instead of 16). However, tuition fees do not increase. For Maud Le Bars, “it is an interesting model for students who actually benefit from a longer program for a reduced cost”. They must indeed pay fees of €5,500 to BSEI and €12,700 to Rennes Business School, while a Classic MSc is billed €18,200 by the French management school. In addition, students benefit from the BSEI brand, which is valuable in the Indian labor market.
Persuading BSEI of the legitimacy of France
Signing these two partnerships, however, required a long process of approach. “We had to persuade BSEI of the legitimacy of France, because even if our country is home to some of the best management schools in the world, our expertise is not yet well known in India”, reveals Maud Le Bars. According to her, in addition to the academic qualities of the program, the fact that France conducted an open policy of welcoming international students during the pandemic finally convinced the Bombay Institute.
Learn more about this program
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