IAMAI has taken the initiative to start a Search Engine Marketing course for the first time in India. I am not sure if any of the American Universities have introduced as a part of Business School Curriculum, if not, its not a bad idea at all.

IAMAI’s course is spanning for a week and details as follows.
Faculty base: Agencies, Publishers
Course commences: 24 September, 2007
Course certified by: Internet and Mobile Association of India (IAMAI)

Venue: IAMAI, F36 Basement, East of Kailash, New Delhi 65.
Duration: 7 days X 8 hours
Batch Size: 15 Attendees

Contact:
Netra Parikh at 098673 60396, netra@digitalmarketing.in
Gaurav Chopra at 099670 29292, gaurav@iamai.in

I would also like to bring to your notice that Google offers AdWords certification, which is similar to this course.