EDUNEWS & VIEWS
AI and Simulation Technologies Are Redefining Finance Classrooms Worldwide
Explore how AI and simulation-based learning are transforming finance and accounting education, bridging theory with real-world practice
The rapid expansion of digital technologies has profoundly transformed modern society. These advances have reshaped how individuals and institutions use technology to meet diverse needs and aspirations. Among the most impactful innovations is artificial intelligence (AI), which has catalysed social and educational transformations by simplifying complex challenges, enabling predictive simulations, and enhancing problem identification through modelling and scenario planning before decisions are made.
The COVID-19 pandemic further accelerated this digital transformation, compelling educational institutions to adopt online and hybrid learning models virtually overnight. This abrupt shift underscored the importance of digital competencies in accounting education while simultaneously revealing gaps in existing curricula and pedagogical methods.
AI now plays a pivotal role in teaching and learning across disciplines. Traditional classroom lectures and textbook exercises are increasingly being supplemented—or, in some cases, replaced—by AI-driven tools and interactive simulations. Collectively, these innovations are fostering a more immersive, adaptive, and forward-looking approach to financial education. In academic settings, AI facilitates rapid access to learning materials, delivers instant feedback, and supports autonomous learning, empowering students to achieve their academic goals more efficiently.
Artificial Intelligence–Driven Customisation in Financial Education
Despite growing recognition of the need for digitalisation in accounting education, a significant gap remains between the skills developed in academia and those demanded by industry. Finance and accounting disciplines are rooted in rigorous theoretical frameworks, quantitative analysis, and strict adherence to standards such as GAAP or IFRS. While textbooks and lectures provide foundational knowledge, they rarely reflect the complex and unpredictable decision-making environments that professionals face.
Students often experience limited exposure to market volatility, regulatory changes, and real-world uncertainty. Consequently, passive learning models that focus primarily on memorisation and theoretical understanding of topics such as risk management, portfolio optimisation, and forensic accounting are becoming less effective.
AI and simulation technologies are addressing this challenge by transforming classrooms into dynamic laboratories that mirror actual market and organisational contexts. The growing importance of sustainability reporting and integrated thinking further demands a technologically literate, systems-oriented approach to accounting education. Given the rapid evolution of the profession, it has become imperative to reassess and redesign finance and accounting curricula to prepare students for a digital-first future. However, a comprehensive understanding of how digitalisation reshapes learning outcomes and curricular design remains underdeveloped.
As early as the 1960s, educator Bert Y. Kersh developed a classroom simulator using films and stills to replicate classroom decision-making for pre-service teachers
AI-driven tools—such as ChatGPT, educational chatbots, Grammarly, Google Translate, and Microsoft Word’s intelligent features—are now ubiquitous in higher education. Their use must be critically evaluated, particularly in terms of data accuracy, transparency, and ethical implications.
Simulations: Bringing Theory into Practice
Simulation-based learning (SBL) serves as a bridge between academic theory and professional practice by recreating real-world environments and decision-making scenarios. In fields such as medicine and aviation, simulations have long been used to help students practise essential skills and solve complex problems safely. As early as the 1960s, educator Bert Y. Kersh developed a classroom simulator using films and stills to replicate classroom decision-making for pre-service teachers. A subsequent randomised control trial revealed that students trained through simulation reported higher self-efficacy and demonstrated “classroom readiness” three weeks ahead of their peers.
According to a 2023 report by the World Economic Forum, artificial intelligence is increasingly integral in accounting education, enhancing adaptive learning and student engagement.
In finance and accounting, simulation-based learning allows students to engage directly with financial instruments and business challenges, improving their proficiency in trading, budgeting, auditing, and decision-making. Virtual stock market trading, for example, enables students to manage portfolios using real-time or historical market data to understand risk, diversification, and market dynamics. Similarly, forensic accounting simulators expose learners to fraud examination and auditing techniques within controlled environments.
Comprehensive business simulations integrate finance, marketing, and operations, replicating complex decision-making processes and teamwork dynamics. These immersive exercises mimic the uncertainty and pressure of real-world financial contexts, helping students balance analytical precision with professional judgement. Moreover, because mistakes in simulations carry no real-world consequences, students can learn through trial and error—an invaluable process in developing professional competence and confidence.
Universities and professional training institutions worldwide are increasingly incorporating AI and simulation technologies into their curricula. Business schools, CPA training programs, and online finance courses now feature trading labs, AI-enabled auditing case studies, and gamified simulation platforms where students earn credit by solving complex, real-world problems.
Such experiential learning models align academic theory with professional practice, ensuring that graduates enter the workforce ready to thrive in a technology-driven economy. As digital disruption continues to reshape industries, these innovations hold the potential to produce not only skilled accountants and finance professionals but also visionary leaders equipped to navigate the complexities of the 21st-century financial landscape.
EDUNEWS & VIEWS
Sanskrit University Enters Engineering Education with B. Tech. in AI and Data Science
Central Sanskrit University launches a B.Tech in AI and Data Science, combining modern technology with Sanskrit and Indian knowledge systems from 2026-27.
In a first for a Sanskrit university in India, the Central Sanskrit University has introduced a B. Tech. program in Artificial Intelligence and Data Science from the 2026-27 academic year, marking its entry into engineering education. The program, approved by the All India Council for Technical Education, aims to combine emerging technologies with India’s traditional knowledge systems. The program will be offered in University’s Nashik campus.
Speaking during his Mann Ki Baat address on Sunday, Prime Minister Narendra Modi described the initiative as “a significant effort to prepare the youth for new technology while keeping them rooted in their heritage.”
Designed in line with the National Education Policy 2020, the programme seeks to transform Sanskrit institutions into multidisciplinary centres of learning. It has a sanctioned intake of 66 seats, including 60 regular and six supernumerary seats.
Sanskrit University Bridging AI and Indian knowledge systems
The new programme is expected to support the development of AI-enabled tools for Sanskrit and other Indian languages, strengthen language technologies, enable the digitisation and preservation of classical texts, and promote interdisciplinary research linking artificial intelligence with Indian Knowledge Systems.
“This marks a crucial step towards integrating modern technology with India’s traditional knowledge. It will facilitate the development of new AI tools for Indian languages and accelerate the digitisation and preservation of our ancient texts and manuscripts,” the Prime Minister said.
The programme will also encourage the application of modern computational techniques to traditional disciplines such as Ayurveda, Yoga, Jyotisha, Nyaya and other classical fields.
Curriculum combines technology and language sciences
According to an Education Ministry spokesperson, the technical curriculum includes artificial intelligence, machine learning, data science, Python programming, statistics, cloud computing, data analytics and deep learning.
Alongside these, students will study language- and knowledge system-oriented subjects such as natural language processing, computational linguistics, machine translation, speech recognition, conversational AI, language technologies, knowledge representation and optical character recognition (OCR) for ancient manuscripts, equipping them to develop AI solutions for Indian languages and classical texts.
EDUNEWS & VIEWS
Beyond the IITs: India’s University Rankings Story Is Getting Bigger
QS World University Rankings 2027 reveal a changing higher education landscape in India, where non-IIT universities are making significant gains in research, employability and global recognition.
For years, India’s performance in global university rankings followed a familiar pattern. The Indian Institutes of Technology (IITs) dominated the conversation, while the rest of the country’s higher education landscape struggled to attract international attention.
The latest QS World University Rankings 2027 suggest that story is beginning to change.
India now has 52 universities in the rankings, making it the fifth most represented higher education system in the world. A decade ago, only 14 Indian institutions featured in the rankings. The growth is striking, but the more important development is where that progress is coming from.
While IIT Delhi remains India’s highest-ranked institution, climbing to 118th globally and matching the best-ever performance by an Indian university, the broader picture points to a more diverse and geographically distributed higher education ecosystem.
QS World University Rankings 2027 Show India’s Growth Beyond the IITs
The most notable feature of this year’s rankings is the performance of universities outside the IIT system.
Vellore Institute of Technology (VIT) recorded one of the biggest jumps among Indian institutions, climbing 94 places. BITS Pilani improved by 93 positions, while Shoolini University entered India’s top ten universities after gaining 51 places. Chandigarh University, Jamia Millia Islamia and Symbiosis International also posted significant improvements.
The numbers tell a larger story. Ten years ago, ranked Indian universities were concentrated in just nine states and union territories. Today, institutions from 19 states and union territories are represented, suggesting that excellence in higher education is spreading beyond a handful of metropolitan centres and elite campuses.
This shift matters because it reflects a broader transformation underway in Indian higher education. As more universities invest in research, industry partnerships and international visibility, the gap between elite institutions and the rest of the sector appears to be narrowing.
QS World University Rankings 2027 Highlight India’s Research Strength
Research impact has emerged as one of India’s strongest areas.
Eleven Indian universities are now among the world’s top 100 institutions for Citations per Faculty, an indicator that measures how often academic research is referenced by scholars around the world. IISc Bengaluru ranked 21st globally on this measure, while IIT Roorkee, IIT Madras, Anna University and Shoolini University also performed strongly.
Perhaps most remarkable was the performance of Bharathiar University, which entered the rankings for the first time and immediately secured a place among the global top 100 for research impact.
India is now the world’s third-largest producer of research output, behind only China and the United States. The challenge ahead is ensuring that this growing body of research translates into innovation, patents, startups and societal impact.
Graduate Employability Emerges as a Bright Spot
Another encouraging signal comes from employability.
The University of Mumbai climbed 70 places to rank 25th globally for Employment Outcomes, highlighting the growing recognition of Indian graduates in the job market. More than one-third of Indian universities improved their Employer Reputation scores, while six Indian institutions now feature among the world’s top 100 for Employer Reputation.
These gains come at a time when employers are increasingly looking for graduates equipped with skills in artificial intelligence, digital technologies and emerging industries.
The results suggest that many Indian universities are becoming more aligned with workforce needs, an area that has often attracted criticism in the past.
Challenges Continue to Hold Back Indian Universities
Despite the progress, significant challenges remain.
Internationalisation continues to be one of India’s weakest areas. Most institutions attract relatively small numbers of international students and faculty members compared to leading global universities. Academic reputation, while improving, still lags behind many established institutions in North America, Europe and East Asia.
Faculty-student ratios remain another concern. As enrolment grows, many universities struggle to recruit enough faculty members to maintain high-quality teaching and research standards.
These challenges highlight an important reality: rankings are improving, but the work of building globally competitive universities is far from complete.
A Higher Education System in Transition
Perhaps the most encouraging message from the QS World University Rankings 2027 is that India’s progress is becoming broader and more inclusive.
Eighteen Indian universities achieved their highest-ever positions this year, while more than half of the country’s ranked institutions improved their standing. Since the introduction of the National Education Policy 2020, 29 Indian institutions have reached record performances.
The rise of Indian higher education is no longer the story of a few elite institutions carrying the country’s reputation. It is increasingly a story of universities across regions, disciplines and ownership models making steady gains.
The IITs may still dominate the headlines, but the latest rankings suggest something larger is underway: the gradual emergence of a more diverse, more competitive and more ambitious higher education system.
The Sciences
STEM Scholarships for First-Generation College Students: Breaking the Cycle of Poverty
STEM scholarships help first-generation college students access higher education, build careers and break cycles of generational poverty.
STEM scholarships are helping first-generation college students overcome financial barriers, access technical education and build careers that can transform families and communities.
In many households across India, the dream of higher education is often overshadowed by the immediate need to make ends meet. For a first-generation college student, earning a university degree is more than a personal achievement; it is a responsibility carried on behalf of an entire family.

While access to basic education has expanded significantly, entering specialised professional fields remains difficult for students from disadvantaged backgrounds. Science, technology, engineering and mathematics (STEM) disciplines offer one of the most effective pathways out of poverty, yet they are often the hardest to access. The challenge begins long before the first day of college. Talent alone cannot bridge the gap between a modest household and a modern laboratory. Beyond tuition fees, students face a range of hidden costs and barriers that make technical education difficult to pursue.
Without a financial safety net, many capable students are forced to abandon their studies or take up low-skilled jobs to support their families
The Financial Barrier to Technical Education
For a first-generation student, choosing to study engineering, medicine or other STEM disciplines can be a daunting financial decision. Unlike many other degree programmes, STEM courses often involve higher tuition fees, laboratory expenses and intensive academic schedules that leave little time for part-time work.
Without a financial safety net, many capable students are forced to abandon their studies or take up low-skilled jobs to support their families. This is where STEM-focused scholarships can make a meaningful difference.
The most effective scholarship programmes do far more than cover tuition. They often support living expenses, books, learning materials and travel costs. By reducing financial pressure, scholarships allow students to focus on their studies and complete their degrees successfully. Yet financial support alone is only one part of the solution.
Bridging the Skills Gap and Creating Livelihoods
The value of a STEM education extends well beyond individual success. In today’s technology-driven economy, technical skills have become increasingly valuable, opening doors to careers that can transform lives and communities.
First-generation graduates often find opportunities in fast-growing sectors such as healthcare, nursing, pharmacy, engineering and technology. Stable and well-paying jobs can help families move beyond cycles of poverty that may have persisted for generations.
For young women in particular, STEM scholarships can be transformative. Targeted support helps address barriers such as financial constraints, social expectations and unequal access to opportunities.
When a young woman from an underserved community becomes a healthcare professional, engineer or software developer, her success often inspires others around her. The impact extends beyond one individual, encouraging more students to pursue higher education and professional careers. In this way, scholarships help create a new generation of skilled professionals who better reflect the diversity of the society they serve.
Nurturing Growth Beyond the Classroom
There is growing recognition that scholarships should be viewed not simply as financial assistance but as an investment in human potential.
Many first-generation students face uncertainty when transitioning from education to employment. The strongest scholarship models therefore combine financial support with mentorship, career guidance and skills development.
Funding alone is not enough. Students also need exposure to professional environments and opportunities to develop workplace skills. Digital learning platforms, mentoring programmes, skill-building workshops and industry interactions can help bridge this gap.
When students are supported through a broader ecosystem, they are better prepared for life after graduation. They enter the workforce not merely as degree holders but as confident professionals equipped to compete in a rapidly changing economy.
Ultimately, targeted STEM scholarships can turn structural barriers into opportunities. By enabling talented students to access education, develop skills and secure meaningful careers, they help break cycles of generational poverty while contributing to a more equitable and prosperous society.
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