Finance is central to many of the critical activities that make up our free-market economy. The Courses in Finance Area provide students with an understanding of the financial and legal dimensions of business, including a strong foundation in corporate finance, investments, money and capital markets, and personal financial planning.
The courses in the Area give students in-depth exposure to the concepts, conceptual framework, techniques, and theories that shape the global economic environment. It provides students with a context for analyzing and understanding financial trends in the local, national, and international levels. The financial sector is a diverse and fascinating career field. As businesses, non-profit organizations, and government agencies grow, their need for experienced financial professionals grows. The finance courses impart those skillsets to the students that empowers them to get placements in the field of investment management, Equity research, in a diverse field of the financial sector, or to develop their independent business initiatives. Courses in this Area emphasize Content Building, Superior Decision Making Skills, and Developing a Robust Character.
Finance is truly anchored in Liberal Education, drawing inputs from diverse subjects like Economics, Mathematics, sciences, Psychology, law, etc. The courses seek to “Connect the Dots,” connecting seemingly disparate sets of data into meaningful information. The approach is to build the students' ability to use the left and right sides of the Brain, "Building a Story with Numbers".
Finance, as a field of study, has been around for centuries and has evolved, incorporating the dynamic nature of the real world. Modern developments in Trade, Markets, Technology, etc. are continuously integrated into the finance discipline courses. Any student who takes up Finance as a Major or Minor subject will need to develop a passion for the courses and keep oneself abreast with the latest developments across various sectors in the global economy.
SPECIALIZATION AIMS
This specialization intends to:
- Provide a thorough learning in multiple areas of knowledge through the core courses in the area of Business Management, History and Management Information system
- Enable the students to develop skill sets primarily communication and other soft skills relevant to the area of Business management.
- Equip the students with the analytical frameworks so as to enable them to understand and perform an analysis of the financial statements and the economic environment.
- Enable students to assess the Business environment in a global context and understand the financial issues influencing business decisions globally.
- Equip the students with subject matter expertise in the domain of corporate finance and Investment Management.
- Enable the students to develop functional expertise in the key verticals of Insurance and Banking.
- Enable the students to assess the nuances of the stock market and perform a fundamental and technical analysis with respect to shares and securities.
- Inculcate in students the capacity to apply basic models of asset valuation.
- Enable students to demonstrate analytical skills by applying empirical methods through an independent project in the area of domain.
- Provide an opportunity to students to pursue further studies in any relevant area of Business Management.
SPECIALIZATION OUTCOMES
MAJOR OUTCOMES
After successful completion of the Major, the student will be able to,
- Demonstrate basic knowledge in accounting, economics, finance, management, Entrepreneurship, and marketing in application of concepts and theories.
- Integrate the concepts of the core areas of business and apply it in various contexts.
- Understand the importance of ethics in business activities.
- Demonstrate the knowledge of the financial services provided by financial institutions
- Demonstrate the knowledge of the regulatory environment of finance
- Distinguish between various types of risk and calculate returns given appropriate risk measures
- Demonstrate knowledge of financial instruments and their markets
- Demonstrate understanding and analysis of Financial Statements
- Demonstrate understanding of the costs of capital and recommend capital budgeting decisions using the cost of capital.
- Demonstrate ability to calculate Multiple Financial Parameters/Decision-Making Frameworks and model building
- Demonstrate the ability to analyse the tradeoff in the determination of a company’s optimal capital structure and dividend Policy
- Demonstrate the knowledge of financial markets, its relevance to Society
- Demonstrate the knowledge of regulatory and taxation aspects of the economy
- Demonstrate ability to develop multidisciplinary approach to problem solving
MINOR OUTCOMES
After successful completion of the Minor, the student will be able to,
- Calculate time value of money problems.
- Distinguish between various types of risk and calculate returns given appropriate risk measures.
- Analyse annual reports and Financial statements
- Calculate financial ratios using data from a firm’s financial statements and explain their significance
- Understand the nature of Working Capital, its computation and Financing
- Calculate the costs of capital and solve capital budgeting problems using the cost of capital.
- Describe the tradeoff model to determining a company’s optimal capital structure and dividend Policy
- Distinguish between various types of risk and calculate returns given appropriate risk measures
COURSES (CORE AND ELECTIVE)
30 MAJOR COURSES
|
Introduction to Operations Research |
Organisational Behaviour |
Negotiations |
|
Introduction to Finance and Accounting |
Research Methods for Managers |
Business Innovation, Entrepreneurship and Strategy |
|
Consumer & Markets |
Financial Management |
Taxation |
|
Introduction to People Management |
Financial Markets and Institutions |
Financial Instruments and Markets * |
|
Introduction to Entrepreneurship & Family Business |
Legal Aspects of Business |
Financial Risk Management * |
|
Introduction to Spreadsheet Modeling |
Design Thinking for Managers |
Emerging Frontiers of Finance * |
|
Introduction to Quantitative Methods |
Business Ethics and Corporate Governance |
Project Finance * |
|
Managerial Economics |
Investment Analysis |
Financial Products and Instruments * |
|
Accounting for Managers |
Financial Statement Analysis |
Financial Planning and Wealth Management * |
|
Marketing Management |
Banking and Insurance |
FinTech * |
* 4th year undergraduate courses
Introduction to Operations Research
The course exposes students to fundamental optimization procedures and techniques to attain skills at structuring business problems and modelling them as a mathematical program, Microsoft Excel to solve such models, interpret solutions and use the solutions to answer the business problem. The focus of this course will be on applications of quantitative methods in modelling business situations.
Introduction to Finance and Accounting
The course is aimed at baptizing the students to the vocabularies of accounting theories and practices. Beginning with the accounting concepts, introducing the basic tenets in maintaining the books of accounts, the course finally culminates into the preparation of the financial statements like Income statement, Balance Sheet as well as the Cash flow statement. It also covers the Bank reconciliation statement and Bills of Exchange.
Consumers and Markets
This course provides a conceptual framework to the students to understand the various dimensions of marketing as a discipline. It focuses on exploring various aspects of marketing, markets, consumers, their shopping behaviour and motivations. It gives broad understanding of the exciting world of Shop, Shopping and Shopper.
Introduction to People Management
This course introduces the basic context, concepts and importance of people management in organizations to students. It incorporates application of psychological and sociological concepts to provide understanding about how people work in organizations. The course familiarizes students with the fundamental ideas of Organizational Behavior and Human Resource Management and prepares them for the advanced courses under the specialisation. It is designed as an essential first course for students of management and entrepreneurship, to familiarise them with the practices of managing people in organizations.
Introduction to Entrepreneurship and Family Business
This course introduces students to entrepreneurship and family businesses. It provides an overview on how they come into being, their perspective on the ecosystem, their mindset and how they manage their enterprises.
Introduction to Spreadsheet Modelling
This course deals with the use of the Spreadsheet to solve managerial problems. It merely highlights the use of Microsoft Excel as an aid in formulating business problems and invoking appropriate functions to resolve them.
Introduction to Quantitative Methods
This course is designed to give undergraduate students an introduction to decision making. The use of quantitative techniques is increasingly being adopted in all areas of human endeavour. The need to collect, analyze and interpret mathematical output is increasingly being appreciated for arriving at conclusions or in strategic decision making. This course will deal with fundamental concepts required to model, analyse and solve quantitative problems arising in any discipline. A student undertaking this course can have little to no formal introduction to mathematics and statistics at the higher secondary level.
Managerial Economics
This course provides a foundation of economic theories and models for use in managerial decision-making. The course provides students with an overview of theories of demand, supply, production and competition and equips them with the tools and techniques to make effective economic decisions under different business environments.
Accounting for Managers
Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of Financial Accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, Management Accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.
Marketing Management
This course provides a conceptual framework to the students to understand the function of marketing in an organization. The course helps students to apply the marketing concepts and theories to solve case studies and projects. The course makes them vigilant of the marketing happenings in the real world and therefore importance of creating effective marketing strategies.
Organisational Behaviour
This course is an introduction to organizational behaviour for undergraduates. It discusses behaviour in organizations at individual, group & organizational levels and provides an understanding of the underlying aspects that drive behavior. It provides insights into the different theories and their application in the organizational context. It also enables students to understand the utilisation of different tools and practices in directing individual actions towards organizational objectives.
Research Methods in Management
The objective of the course is to enable students to understand the role and importance of research in improving managerial decisions when faced with uncertainty. Research methods are applied in all functional areas of business viz. operation management, accounting, finance and marketing. The issue facing managers is not a shortage of information but how to use the available information to make better decisions. Learning this course helps students recognise that data are inherently variable and that the identification measurement, control, and reduction of variation provide opportunities for quality improvement.
Financial Management
This course in Financial Management provides a detailed understanding of the Finance Function and its interrelationship with other areas of Business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, Financing, working capital management and dividend decisions and what are the key factors that influence these decisions.
Financial Markets and Institutions
Financial Markets and Institutions course is expected to provide a comprehensive view of the financial markets and financial Institutions in India, their functioning, and regulatory systems that are in place to ensure smooth running and management of these markets. This course is expected to familiarize the learner with various participants in Financial Markets including Financial Intermediaries and also to some extent various types of financial instruments available for investment, speculation and arbitrage.
Legal Aspects of Business
This course introduces the student to legal system, principles and provisions of various commercial laws that apply to businesses. The course will enable students to appreciate that a robust legal system of the country fosters conducive business environment along with good corporate governance. The course provides broad information about various laws like companies act, contract act, intellectual property laws, insolvency and bankruptcy code, competition laws, etc. that affect businesses. Students would get an opportunity to understand the implications of law and dispute resolution mechanisms through various real life case studies.
Design Thinking for Managers
Design Thinking (DT) is a powerful tool to tackle the unstructured & the unknown. DT is a ‘human centered’ approach to problem solving which emerged at Stanford in the 1960’s primarily as a systematic, immersive approach to product design. In recent years, it was found that these approaches can be extended to a wide category of ill-structured, real-world problems, both in emerging and developed markets alike. DT is getting increasingly popular not only across top corporates, but also in rural, semi-urban and underserved sections of society.
Given the diversity of challenges that we face today, it therefore becomes necessary to have thinkers and doers who can focus on addressing such challenges. DT helps in building those capabilities.
Business Ethics and Corporate Governance
The course aims to develop in the student a clear perspective on the role and responsibilities of business in society. It helps the student understand the role of ethics in business. It also dwells on corporate governance frameworks and their relevance to contemporary business environment.
Investment Analysis
This course is an introduction to the world of investment analysis and involves a study of the investment environment and classical and modern security analysis. This course is constructed in such a manner so as to expose the student to the basic analytical techniques within the investments area. Focusing both on individual securities and on portfolios of securities, this course describes and explains the techniques, vehicles, and strategies for implementing investment goals in light of risk return tradeoffs.
Financial Statements and Analysis
The course aims at providing a systematic framework for using financial statements in business analysis. It focuses on understanding the uses and the limitations of financial statements, issues relating to adherence with accounting standards and interpretations of accounting standards with respect to their purpose and the disclosure requirements. This course will enable the students to carry out fundamental analysis of the health of a company through their annual reports. It would further equip them to understand various financial adjustments to be carried out to the reported numbers. Students will get exposure to different business models which would enable them to appreciate and follow the saying, “Never invest in a business that you cannot understand”- Warren Buffet.
Banking and Insurance
The course is designed to provide a foundation to understand the nuances of the business of Banking and Insurance including the regulatory and supervisory issues governing their functions. Topics have been specifically curated for inclusion in the course so as to impart a holistic insight into the operational and decision making challenges in the space of Banking and Insurance. The course aims to construct a secure knowledge base of the BBA students to foster their future career plans in the domain of Banking and Insurance.
Taxation
This course introduces the student to Indian Income Tax legislation and practice, related to the filing of personal and corporate income tax returns. It further helps students to understand how effective tax planning is done by business entities. The course introduces students to the GST framework.
Financial Risk Management
The course would provide understanding and management of risks in the context of financial institutions. The course would deliberate extensively on the analysis and the estimation process of the impact of various risks on the continuing viability of FIs. The regulatory requirements to ensure the continuing viability of FIs as per BASEL accords would be an integral part of the coursework.
Emerging Frontiers of Finance
This course deals with the technological advances on current and future state of financial services. The intention is to provide students with the latest insights and forward-looking perspectives for financial services. The Covid-19 pandemic has radically changed the environment in which financial services operate, and it has not only created digitization sparking new business models but also ushered in an unexpected era of remote working. The course introduces students to computational finance and financial technology (FinTech) in the context of finance theory and applications. Case studies and topics to be explored include new developments in entrepreneurial finance (crowd funding and crypto tokens), digital currency (cryptocurrencies), settlements (block-chain), hedging, trading, financial advisory and regulatory challenges.
Project Finance
The course aims at imparting knowledge about the unique features of project finance, including various methods of financing PPP projects like BOT, Annuity, VGF, TOT, etc. The course would also deal in detail the evaluation of project viability, designing security arrangements, risk allocation and management. Loan syndication features and processes would also be one of the key components of the course.
Financial Products and Instruments
This course is designed to help students learn about the wide range of financial instruments available in major asset classes, their features and valuations. The course will explore how financial markets actually operate in the real world, focusing on how and where securities are traded and how various market types differ from one another in practice. By the end of the course, learners will be able to distinguish the different financial instruments available, compare global financial markets, and explain the features of equity, debt, and derivative instruments. The course also develops models to value and hedge equity and selected fixed income instruments and derivative products including interest rate and foreign exchange derivatives.
Financial Planning and Wealth Management
The course builds the knowledge of the students about the process of portfolio construction, evaluation and revision. The course would also foster the understanding of the students regarding the process of personal wealth planning and management and practical application. Students would develop knowledge of how the risks and reward expectations and hence the process of wealth planning and management could vary depending on the age and economic status profile of individuals.
21 MINOR COURSES
|
Introduction to Operations Research |
Managerial Economics |
Taxation |
|
Introduction to Finance and Accounting |
Accounting for Managers |
Financial Instruments and Markets |
|
Consumer & Markets |
Financial Management |
Financial Risk Management * |
|
Introduction to People Management |
Financial Markets and Institutions |
Emerging Frontiers of Finance * |
|
Introduction to Entrepreneurship & Family Business |
Investment Analysis |
Project Finance * |
|
Introduction to Spreadsheet Modeling |
Financial Statement Analysis |
Financial Products and Instruments * |
|
Introduction to Quantitative Methods |
Banking and Insurance |
Financial Planning and Wealth Management * |
* 4th year undergraduate courses
Introduction to Operations Research
The course exposes students to fundamental optimization procedures and techniques to attain skills at structuring business problems and modelling them as a mathematical program, Microsoft Excel to solve such models, interpret solutions and use the solutions to answer the business problem. The focus of this course will be on applications of quantitative methods in modelling business situations.
Introduction to Finance and Accounting
The course is aimed at baptizing the students to the vocabularies of accounting theories and practices. Beginning with the accounting concepts, introducing the basic tenets in maintaining the books of accounts, the course finally culminates into the preparation of the financial statements like Income statement, Balance Sheet as well as the Cash flow statement. It also covers the Bank reconciliation statement and Bills of Exchange.
Consumers and Markets
This course provides a conceptual framework to the students to understand the various dimensions of marketing as a discipline. It focuses on exploring various aspects of marketing, markets, consumers, their shopping behaviour and motivations. It gives broad understanding of the exciting world of Shop, Shopping and Shopper.
Introduction to People Management
This course introduces the basic context, concepts and importance of people management in organizations to students. It incorporates application of psychological and sociological concepts to provide understanding about how people work in organizations. The course familiarizes students with the fundamental ideas of Organizational Behavior and Human Resource Management and prepares them for the advanced courses under the specialisation. It is designed as an essential first course for students of management and entrepreneurship, to familiarise them with the practices of managing people in organizations.
Introduction to Entrepreneurship and Family Business
This course introduces students to entrepreneurship and family businesses. It provides an overview on how they come into being, their perspective on the ecosystem, their mindset and how they manage their enterprises.
Introduction to Spreadsheet Modelling
This course deals with the use of the Spreadsheet to solve managerial problems. It merely highlights the use of Microsoft Excel as an aid in formulating business problems and invoking appropriate functions to resolve them.
Introduction to Quantitative Methods
This course is designed to give undergraduate students an introduction to decision making. The use of quantitative techniques is increasingly being adopted in all areas of human endeavour. The need to collect, analyze and interpret mathematical output is increasingly being appreciated for arriving at conclusions or in strategic decision making. This course will deal with fundamental concepts required to model, analyse and solve quantitative problems arising in any discipline. A student undertaking this course can have little to no formal introduction to mathematics and statistics at the higher secondary level.
Managerial Economics
This course provides a foundation of economic theories and models for use in managerial decision-making. The course provides students with an overview of theories of demand, supply, production and competition and equips them with the tools and techniques to make effective economic decisions under different business environments.
Accounting for Managers
Financial accounting provides the means of recording and reporting financial information in a business. Accounting plays a vital role as an information system for monitoring, problem solving and decision-making. This course provides the fundamentals of Financial Accounting and goes on to demonstrate how accounting fits into the overall business environment of an organization. In addition to this, Management Accounting systems, which have a strong internal focus can be effective tools in providing information that is useful in decision making at all levels in the organization. Management accountants play a strategic role in developing and providing both financial and non-financial information that is critical to the success of an organization.
Financial Management
This course in Financial Management provides a detailed understanding of the Finance Function and its interrelationship with other areas of Business. It seeks to develop the foundation for financial management concepts. It primarily helps the student to understand how businesses make investment, Financing, working capital management and dividend decisions and what are the key factors that influence these decisions.
Financial Markets and Institutions
Financial Markets and Institutions course is expected to provide a comprehensive view of the financial markets and financial Institutions in India, their functioning, and regulatory systems that are in place to ensure smooth running and management of these markets. This course is expected to familiarize the learner with various participants in Financial Markets including Financial Intermediaries and also to some extent various types of financial instruments available for investment, speculation and arbitrage.
Investment Analysis
This course is an introduction to the world of investment analysis and involves a study of the investment environment and classical and modern security analysis. This course is constructed in such a manner so as to expose the student to the basic analytical techniques within the investments area. Focusing both on individual securities and on portfolios of securities, this course describes and explains the techniques, vehicles, and strategies for implementing investment goals in light of risk return tradeoffs.
Financial Statements and Analysis
The course aims at providing a systematic framework for using financial statements in business analysis. It focuses on understanding the uses and the limitations of financial statements, issues relating to adherence with accounting standards and interpretations of accounting standards with respect to their purpose and the disclosure requirements. This course will enable the students to carry out fundamental analysis of the health of a company through their annual reports. It would further equip them to understand various financial adjustments to be carried out to the reported numbers. Students will get exposure to different business models which would enable them to appreciate and follow the saying, “Never invest in a business that you cannot understand”- Warren Buffet.
Banking and Insurance
The course is designed to provide a foundation to understand the nuances of the business of Banking and Insurance including the regulatory and supervisory issues governing their functions. Topics have been specifically curated for inclusion in the course so as to impart a holistic insight into the operational and decision making challenges in the space of Banking and Insurance. The course aims to construct a secure knowledge base of the BBA students to foster their future career plans in the domain of Banking and Insurance.
Taxation
This course introduces the student to Indian Income Tax legislation and practice, related to the filing of personal and corporate income tax returns. It further helps students to understand how effective tax planning is done by business entities. The course introduces students to the GST framework.
Financial Risk Management
The course would provide understanding and management of risks in the context of financial institutions. The course would deliberate extensively on the analysis and the estimation process of the impact of various risks on the continuing viability of FIs. The regulatory requirements to ensure the continuing viability of FIs as per BASEL accords would be an integral part of the coursework.
Emerging Frontiers of Finance
This course deals with the technological advances on current and future state of financial services. The intention is to provide students with the latest insights and forward-looking perspectives for financial services. The Covid-19 pandemic has radically changed the environment in which financial services operate, and it has not only created digitization sparking new business models but also ushered in an unexpected era of remote working. The course introduces students to computational finance and financial technology (FinTech) in the context of finance theory and applications. Case studies and topics to be explored include new developments in entrepreneurial finance (crowd funding and crypto tokens), digital currency (cryptocurrencies), settlements (block-chain), hedging, trading, financial advisory and regulatory challenges.
Project Finance
The course aims at imparting knowledge about the unique features of project finance, including various methods of financing PPP projects like BOT, Annuity, VGF, TOT, etc. The course would also deal in detail the evaluation of project viability, designing security arrangements, risk allocation and management. Loan syndication features and processes would also be one of the key components of the course.
Financial Products and Instruments
This course is designed to help students learn about the wide range of financial instruments available in major asset classes, their features and valuations. The course will explore how financial markets actually operate in the real world, focusing on how and where securities are traded and how various market types differ from one another in practice. By the end of the course, learners will be able to distinguish the different financial instruments available, compare global financial markets, and explain the features of equity, debt, and derivative instruments. The course also develops models to value and hedge equity and selected fixed income instruments and derivative products including interest rate and foreign exchange derivatives.
Financial Planning and Wealth Management
The course builds the knowledge of the students about the process of portfolio construction, evaluation and revision. The course would also foster the understanding of the students regarding the process of personal wealth planning and management and practical application. Students would develop knowledge of how the risks and reward expectations and hence the process of wealth planning and management could vary depending on the age and economic status profile of individuals.