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Adviser concerns at ‘MBA in a day’

CII sets up course to ‘challenge delegates intellectually and strengthen skills’

The Chartered Insurance Institute is launching a one-day MBA for experienced insurance or financial services professionals.The “MBA in a day” will provide a short overview of key points of an MBA and is designed for professionals who do not have the time to take part in a full MBA course.

The one-day course will cover a range of business areas, including strategy and analysis, marketing and implementation, differentiation and branding, cashflow management and financial reporting and analysis.

It is being held at the Lloyd’s Training Centre in London on June 2 and costs 950 for CII members and 1,100 for non-members.

CII director of training Tamsin Mills says the CII intends to challenge delegates intellectually as well as strengthening their general management skills.

But some advisers have questioned how useful the course really is as well as querying its thoroughness.

Informed choice director Martin Bamford says the course has an important role to play in the overall professional development of an IFA but he is sceptical about the length of the course.

He says: “I would question whether a course that lasts only one day could really deliver the stated objectives and using the MBA title for such a short course is perhaps a little misleading.An MBA is a serious commitment of time and financial resources that cannot be completed in a short period of time.”

Mill says: “We promise an intensive and exhausting day and intend that delegates will discover previously unknown skills and aptitudes. But the rewards will make it all worthwhile as we will inspire the delegates and provide them with the tools and attitudes to perform much more effect- ively when they return to their workplace.”

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