NMIMS data science, analytics students to get IDFC FIRST bank scholarships

NEW DELHI: The IDFC FIRST bank has announced scholarships for the students of SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), Mumbai who are studying at the institute’s School of Mathematics, Applied Statistics and Analytics (SOMASA). The scholarship offered to meritorious first-year data science and analytics students of NMIMS SOMASA will cover the annual fees for the first year of their course.

Apart from the scholarship, the NMIMS Mumbai students who receive the scholarship will also get an opportunity to do a paid internship at the IDFC FIRST Bank for a duration of two months, which could be extended to four. Depending upon their work during the internship period, students will also get a chance to grab a pre-placement job offer from the bank’s data science and analytics team, said a statement from NMIMS.

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NMIMS students will be selected for the scholarship according to their performance in the first-semester examination and personal interviews. The bank’s evaluation and the student's performance in the exams will be given equal weightage during the selection.

IDFC FIRST Bank claims that it has already awarded 1028 scholarships to students with less than Rs 6 lakh per annum family income.

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“I thank and congratulate IDFC FIRST Bank for initiating this scholarship program for the meritorious students of NMIMS School of Mathematics, Applied Statistics & Analytics. The scholarship program 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 Dr. Sushil Kulkarni, who has recently joined us as the Dean, and we are sure that he would take the school to new heights,” said Ramesh Bhat, vice-chancellor of SVKM’s NMIMS.