IDFC FIRST Bank has announced scholarships for first-year students of Mumbai’s NMIMS’ School of Mathematics, Applied Statistics & Analytics (SOMASA).
The grant will cover annual fees in the first year of their respective programmes. The awardees will also get an opportunity to intern at the bank where they will be paid a stipend, with the possibility of a pre-placement employment offer to work with the Bank’s Data Science and Analytics team, based on their performance during the internship. The internship will be for two months and may be extended for an additional four months.
B Madhivanan, chief operating officer, IDFC FIRST Bank, said, “We are committed to building and supporting talent in data science and analytics, a dynamic and high-demand field. The announcement of the scholarship at NMIMS is just the beginning. Going forward, we hope to expand this initiative and enable more students to blaze new trails in their academic and professional pursuits.”
Ramesh Bhat, vice-chancellor, SVKM’s NMIMS, said, “The scholarship programme is one of the excellent initiatives that will benefit students pursuing their education in data analytics at NMIMS. The partnership with IDFC comes at a very appropriate time, which will help us train students for preparing project work, internships, and the final placements. We have recently undergone a restructuring of our school and departments, which has led to the creation of the School of Mathematics, Applied Statistics & Analytics. The new school will be under the leadership of Sushil Kulkarni, who has recently joined us as the dean.”
The selection of students for the scholarship will be based on their first-semester examination results, followed by personal interviews. Equal weightage will be given to academic excellence and the bank’s internal evaluation in the selection process.