Upskill in the "only" Analytics for Finance program by a top IIM awarding MDP alumni status

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Research shows that

  • Finance 2020 — tomorrow's digital finance organization—is a radical departure from the status quo. It deals in analytics and forward-looking decisions to create value and manage risk.
  • By 2020, finance staff will spend more time—up from 25% to 75%—on decision support, predictive analytics and performance management.
  • Accenture analysis shows that by 2020, cross-functional integrated teams will deliver 80 percent of traditional finance services.
  • Source: Accenture

Are you ready?

Data is abundant in the F&A function, however there is considerable lag in transformational usage of data by F&A professionals worldwide, and a key reason behind this is the lack of analytical skills.

Knowhow of use of data in various formats, beyond ledgers can help finance function evolve from being an enabler function to a business partner role, by providing strategic insights which impact a business holistically, including sales, customers, vendors, supply chain and more.

With appropriate use of data, F&A professionals can enhance finance efficiency, scalability, agility, thus empowering finance, tax, treasury and risk, contribute to sound planning and overall better performance of an organization.

This carefully designed program helps F&A professionals with the skills necessary that will elevate them as insight engines for their business.

IIM Lucknow & Wiley - Analytics for Finance & Accounting

Developed by top faculty at IIML and Wiley along with the Wiley Innovation Advisory Council (WIAC) members and leading industry experts in emerging technologies, the 6-month intensive program provides:

  • An experiential and outcome based learning approach, integrating concepts and their applications in real-world contexts.
  • Exposure to various and most used analytics techniques and algorithms that can be applied in various F&A scenarios such as budgeting, planning, optimization, predictive techniques, costing, risk, fraud mitigation and forecasting, and to several real world business use cases.
  • Access to multiple case studies, projects, labwork and exercises, with datasets and business scenarios, to provide hands-on experience of working with analytics.
  • Understanding of how to improve operational efficiencies and mitigate risks, detect fraud and enhance revenues — using better data driven decisions

The program integrates classes by:

  • Esteemed IIML faculty
  • Expert Wiley faculty
  • Masterclasses by top F&A and analytics experts of India
  • Working with labs, various business cases and real-life projects
Program Eligibility
Program Eligibility

Program Outcomes

  • Competency to solve problems across F&A value chain with data and analytics
  • Apply various analytics algorithms to improve predictions, optimizations, analysis and management of risks, budgets and financial planning and fraud mitigation
  • Get skilled in R to analyze small and large (unstructured) datasets to reveal patterns, derive and communicate insights
  • Evolve into a business partner role from a business support role

The only executive education program to holistically converge Data Analytics, Technology and Domain Expertise for F&A professionals of the digital economy.

Program Outcome

About the Program

3-days immersion learning

4-days immersion learning at IIM Lucknow Campus

Live Online Class Sessions

Live Online Class Sessions by Top IIML and Wiley Faculty

Master Classes

10 Masterclasses by Top Industry Experts and Thought Leaders providing Exposure to Actionable Analytics

in F&A

Hands-On Learning

Completely Hands-On Learning with Labs, Case Studies and Project Work

Online Courseware and eBooks Library

Online Courseware and eBooks Library from Wiley by Top Global Authors

Industry Ratified Curriculum

Cutting Edge, Industry Ratified Curriculum based on industry Needs Co-developed by IIML and Wiley Innovation Advisory Council Top Industry Leaders 

Joint Certification from IIML and Wiley and IIML MDP Alumni Status

Joint Certification from IIML and Wiley and IIML MDP Alumni Status

The Learning Experience

Immersion Learning at
IIML Campus

Program orientation and classes at IIML Noida Campus for 1 day in Month 1 and 3 days in Month 6 (total 4 days). Participants will participate in sessions conducted by top faculty and thought leaders at the IIML campus and along with an experience of the campus. Accommodation will be provided during the immersion.

Live Online Classes

Post immersion sessions, live online classes will be conducted by IIML and Wiley faculty for 4 Hours Per Week. These will also include masterclasses by industry experts. Classes will be conducted through technology aided platform which allow interaction with the faculty.

Access to Wiley
Learning Resources

For reference, participants will have access to courseware including videos, assessments and study material on Wiley LMS. Printed study guides and access to eBooks library by Wiley will also be included.

Labwork and Case Studies

Following the pedagogy of hands- on learning, almost every session will include labwork. Access to Labs for hands on practice in using Python, Tableau Public will be provided along with business cases and datasets. Masterclasses will include business cases.


The program provides deep exposure to actual industry applications of concepts through masterclasses conducted by Top Industry Experts and Thought Leaders in areas of retail, marketing, finance, IT, healthcare and others. These also includes case studies and post class work.

Project Work, Action
Learning, Peer Learning

The experiential learning methodology will include working on end to end business project across industry verticals, with mentorship from faculty and industry experts. The program will provide opportunity to work with peers from varied backgrounds in teams.

Valediction Ceremony at IIML Lucknow Campus

Conducted on the final day of the immersion in the 6th month.


Value Add of the Program

Benefits for Participants

  • Experience Learning from Top Class Faculty
  • Learning from and interaction with top business leaders of Wiley Innovation Advisory Council in AI and Analytics
  • Hands-on and contextual learning through numerous labs, case studies, and business scenarios from experts
  • Real world project work with mentors
  • World class global courseware from Wiley
  • Cross learning with experienced professionals from various industries as peers
  • Joint Certification and MDP Alumni Status
  • Internal and external career opportunities

Benefits for Organizations

  • Participants exposed to actionable analytics and data-driven solutions to tackle various relevant business problems and processes
  • Participants develop an analytics mindset and are able to identify and frame the right business problems for data-drivens solutions
  • Participants are able to analyze and implement analytics within the organizations' existing business processes and enhance efficiency and forecasts
  • Excellent opportunity to upskill potential employees to build
Benefits for Organizations

Program Curriculum

  • Module 1miles-education-images

    Analytics and the Changing F&A Landscape

  • Module 2miles-education-images

    Statistics for Business

  • Module 3miles-education-images

    Application of Analytics in F&A

  • Module 4miles-education-images

    Application of Analytics in Financial Services

  • Module 5miles-education-images

    Using R for Analytics

  • Module 6miles-education-images

    Performing Advanced Analytics Techniques

  • Module 7miles-education-images

    Data Visualization

  • Module 8miles-education-images

    Impact of Future Technologies on F&A

  • miles-education-images

    Capstone Project and Presentation

    • Case Studies Includemiles-education-images
      • Reporting of Data
      • Forecasting Techniques
      • Optimization Techniques
      • Predictive Techniques
      • Anomaly Detection in Invoicing
      • Financial Forecasting
      • Risk Assessment
      • Product Costing Analysis
      • Budgeting and Hypothesis Building
      • Payments and Lendings
      • Insurance Analytics
      • Fraud Management/Policy Framing

*The program curriculum is subject to change and the final curriculum will be available during the application process

Key Information

1Tenure of the program6 months
2Total course time127 hours
3Total teaching hours117 hours (99 hours online + 18 hours in campus)
4Per week duration of online classes4 hours
5Number of in-campus immersion sessions3 days (months 1 and 6)
6Venue for the immersion sessionsIIM Lucknow Campus
7Project work duration10 hours (month 6)
8Masterclasses (by industry experts)5+ sessions

Joint certification by IIML and Wiley. IIML MDP alumni status awarded.

Important Dates

Program commencement: Coming Soon

Program Directors

Dr. Prakash Singh

Dr. Prakash Singh
Finance and Accounting

Dr. Prakash Singh is a Faculty Member in Marketing Area of IIM Lucknow. His teaching and research interests include Retailing, Sales and Distribution and Supply Chain Management. He has a PhD in Management from SJM School of Management, IIT Bombay. Prior to joining academics, he has worked in Industry at different positions in India as well as abroad. He also has keen academic interest in entrepreneurial ventures and start-ups.

Dr. Vikas Srivastava

Dr. Vikas Srivastava
Finance and Accounting

Dr Vikas Srivastava is an Associate Professor in the area of Finance and Accounts at IIM Lucknow. He is an MBA, PhD and a visiting Doctoral Fellow at the Helsinki School of Economics under a scholarship by the European Union. His primary research areas are Project Finance, Corporate Banking and Credit Risk Management. He has conducted numerous specialized training programs for Banks based in India, South Asia, Central Europe and Africa. He was also an Advisor to Axis Bank Corporate Banking and Project Finance Group. He has handled consulting assignment for IFC Washington and ADB Manila on Sustainable Lending, besides giving consulting and training support to RBI, Large Public Sector banks, Centre for Banking Studies, Central Bank of Srilanka and Bangladesh Bank. He has several publications to his credit.

About IIM L

The Indian Institute of Management Lucknow (IIM L) is one of the premier business schools in India. From the sprawling 185 acres campus, the Institute offers world-class education in major areas of management and provides an ambience for genuine intellectual pursuit, excitement and professional growth.

The Institute’s carefully designed and high impact Management Development Programmes train business leaders, senior executives, and practicing managers from various sectors of the economy in all disciplines of management education and thought. The Institute provides cooperation and support to Industry and the Government through its large number of prestigious Consulting Assignments and Research Projects. The Institute has an internationally acclaimed Postgraduate Programme in Management, Agri-business Management, & Fellow Programme in Management known for its quality, rigor and global orientation.

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Total Program Expense

IIM Lucknow Program in Analytics for F&A professionals
Tuition Fees - Includes Study Materials, Immersions at IIM-L, Industry Masterclasses, Online Classes ₹ 140,000
GST @18% ₹ 25,200
Total (including GST @18%) ₹ 165,200
IIM Lucknow MDP Alumni Fees (one-time)
IIM Lucknow MDP Alumni Membership Fee₹ 10,000
GST @18% ₹ 1,800
Total (including GST @18%) ₹ 11,800

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