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SYLLABUS – MBA Financial Services
Syllabus – MBA Financial Services
FIRST SEMESTER
Management-Theory and Practice
Block I - Management and Managerial Planning
Definitions, nature and scope of management, functions and process of management-evolution
of management theory from Taylor, Fayol, Drucker to the present. Growth of professional
management in India. Ethics in management. Planning process, types of plans, strategic vs.
operational plans, models of strategy formulation, linking strategy to structure
Block II - Decision Making
Managerial decision-making process and models, steps in rational decision-making, creativity
and group decision-making.
Block III - Organizations
Organizational theories and design, various forms of organization structures, span of
management principles of coordination, authority, power, delegation and decentralization.
Block IV - Managerial Control
Relationship between planning and control-limitations of control, types of control systems and
techniques – management by exception, budgetary control, functional and dysfunctional aspects
of budgetary control, internal control systems, internal audit and management audit
Book References
1. Koontz and O’Donnell. E. Essentials of Management. McGraw Hill, New Delhi
2. Fred Luthans. Introduction to Management. McGraw Hill, New Delhi
3. Peter.F.Drucker. The Practice of Management
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
4. Stoner, Freemen and Gilbert. Management
5. Griffin. Management
6. Holt. Management
7. Peter. F. Drucker. Management- Tasks and Responsibilities
8. Theo Haimann. Professional management
9. Richard L.Draft. Organization Theory and Design
10. Richard L.Draft. Management
11. Peter F.Drucker. People and Performance
Managerial Economics
Block I - Managerial Economics and Theory of Consumer Behavior
Introduction, Basic concepts and their application in business decision-making. Demand and
Supply Analysis: determinants of supply and demand- nature of demand and supply curves,
market equilibrium, price elasticity, demand forecasting and estimating methods .Consumer
preferences, indifference curves, budget constraint, utility maximization and the derivation of the
consumer demand curve.
Block II - Production and Cost Analysis
production functions-cost functions, and profit functions, total, average and marginal costs,
returns to factors and scale, short run v/s long run decisions, derivation of the supply curve.
Block III - Market Analysis
Market forms, perfect competition, monopoly, monopolistic, oligopoly. Output and price
determination. Cartels and collusion, mergers and acquisitions and government regulations in the
form of price directives, taxes, subsidies, anti-trust action and competition polices.
Block IV - National Income Accounting
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Concepts of GDP, NI, per capita income, PPP National income accounting in India. Business
cycles and business forecasting. Measuring business cycles using trend analysis, macro economic
indicators in business cycle measurement, Coping strategies for business.
Book References
1. Dominick Salwatore. Managerial Economics
2. Gupta and Mote. Managerial Economics
3. Samuelson &Nordhaus. Economics
4. Peterson and Lewis. Managerial Economics
5. Dominick Salvatore. Micro Economics
6. Palmer and others. Macro Economics
7. Koutinyas. Macro Economics
Accounting for Management
Block I - Introduction to Accounting
Meaning - Accounting concepts and conventions –Financial Accounting V/s Management
Accounting –Recording, classifying and summarizing business transactions leading to
preparation of final accounts of sole proprietary, merchandizing ,manufacturing and service
businesses using Excel.
Block II - Company Final Accounts in India
Requirements of Companies Act of 1956 with respect to preparation of Final Accounts of
Companies - Annual Reports and its contents
Block III - Financial statement Analysis and Excel Applications
Techniques of financial statement analysis: Horizontal analysis, Vertical analysis, Trend
Analysis, Ratio Analysis (Profitability, Liquidity, Solvency and Capital market ratios),
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
preparation of fund flow & cash flow statement using Excel. Preparation and Analysis of Income
Statement, Balance Sheet, Cash Flow Statement, Ratios and Projections using excel
Block IV - Cost Accounting
Elements of Costs, Classification of costs, Preparation of Cost Sheet, Cost accounting systems:
Job costing, process costing, contract costing and service costing, Marginal costing and use of
break-even analysis in decision-making –Relevant costs for marketing and production decisions-
Cost Drivers and Activity Based Costing.
Book References
1. R.Narayanswamy. Financial Accounting: A Managerial perspective
2. Horngren, Sundem, Stratton. Introduction of Management Accounting
3. Duncan Willamson. Cost and Managerial Accounting
4. Asish K Bhattacharayya. Cost accounting for Business Managers
5. Colin Drury. Management and Cost Accounting
6. Hensen Mowen. Management Accounting
7. Chandan Sen Guptha. Financial Analysis and Modelling
Organizational Behavior
Block I - Fundamentals of Organizational Behavior
Evolution of organizational behavior, individuals and Organizations, forces affecting
organizational behavior, Changing work force and employment relations, impact of globalization
and information technology on organizational behavior
Block II - Individual Dimensions and Group Dynamics in Organizational Behavior
Individual differences – perceptions, interests, aptitude, attitude, learning, personality, creativity.
Group behavior, team development, group cohesiveness – group decision making process, ,
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Effective teams, organizational conflicts, & conflict resolution, interpersonal skills, Johari
Window and transactional analysis.
Block III - Motivation
Theories and models of motivation, Leadership, theories of leadership & leadership styles
Block IV - Management of Change
Resistance to change, change models, change agents, Organizational effectiveness,
Organizational climate and culture, learning organizations
Book References
1. Robbins. Organizational Behavior
2. Fred Luthans. Organizational Behavior
3. Keith Davis. Human Behavior at Work
4. Daft. Organizational Theory and Design
5. Peter Senge. The Fifth Discipline
6. Stephen Covey. The Seven Habits of highly Effective People
7. Uday Parekh. Understanding Organizational Behaviour
8. Howard Gardner. The Five Minds
9. Edward De Bono. All the books
10. Landy and Jeffrey. Work in the 21st Century
Quantitative Techniques
Block I - Quantitative data interpretation in managerial decision making
Collection – classification – tabulation – frequency distribution – charts using excel, measures of
central tendencies and dispersion – using visual explorations in MS excel.
Block II - Correlation, regression and Probability distributions
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Multiple correlation – basic probability concepts – conditional probability – Bayes theorem – use
MS excel PH STAT2. Binominal Poisson and normal distributions using excel – estimation –
point and interval – using Excel.
Block III - Statistical Decision Theory
Hypothesis Testing for means and proportions and for difference of means and proportions –
analysis of variance.
Block IV - Sampling
Sampling techniques, random sampling, random numbers table, Monte Carlo simulation, Chi-
square tests, time series forecasting, hands-on with MS excel.
Book References
1. Levine, Stephan & others. Statistics for Managers – using Microsoft excel
2. Richard Levin and Rubin. Statistics for Management – [excel version]
3. Murray Spiegel. Statistics. Schaum Series
4. Murray Speigel. Probability and Statistics. Schaum Series
5. Samul Bodiley & others. Quantitative Business Analysis – Text & Cases
6. Kazmier. Business Statistic. Schaum Series
7. Bereuram and Levine. Basic Business Statistics
8. Anderson, Sweeny & William. Quantitative Methods
Written Analysis and Communication
Block I: Theory of Communication and Oral Communication
Definitions of Communication, Process of Communication, Elements of Communication, What
constitutes a Communication Situation? Why is Communication Important in Business
Organizations? Kinds of Communication (based on direction), Formal and Informal
Communication Channels, Barriers to Effective Communication: physical, physiological and
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
psychological, overcoming the Barriers. Listening as a Business Tool, Hearing vs. Listening,
Characteristics of a Poor Listener, Listening for Facts vs. Listening for Over-all Comprehension,
Kinds of Listening, Approaches to Listening, Barriers to Effective Listening. Effective Oral
Communication, Interviewing, Negotiation, Communication in Groups. Presentation: Types,
Audience Analysis, Formulating Core Statements, Organizing and Making the Presentation, Non-
Verbal Dimensions of a Presentation.
Block II: Written Communication and Nonverbal Communication
Reading as a Process of Decoding Messages, Importance of reading, Types of reading, Factual
Comprehension and Inferential Comprehension, the SQ3R (Survey, Question, Read, Recall,
Review) Technique of Reading, SARAS ( Survey, Analyze, Read at Appropriate Speed) Method
of Reading, Factors that impact reading.ii. Business Correspondence, the 7C’s of Written
Communication, Formal and Informal Letters, Structure and Layout of a Business Letter: the
standard & special parts, Writing Routine, Pleasant and Unpleasant Letters, Persuasive Letters,
Collection Letters, Sales Letters: Sales Messages and the AIDA (Attention, Interest, Desire,
Action) Principle, Writing Effective Memos, Reports, Types, Framework of a Report, Writing
the Report, Using Graphics to Manage Data. Characteristics of Non -Verbal Communication,
Traditional and Conventional Audio- Visual Communication, Kinesics: posture and gait,
gestures; emblems, illustrators, regulators, adapters, facial expressions, haptics, Proxemics: the
use of physical space, Paralanguage: voice qualities, voice qualifiers, vocal characteristics and
vocal segregates, Chronemics: monochromic and polychromic systems, time orientations, Dress,
Interaction of Verbal and Non- Verbal Communication.
Reference Books:
1. David A Ricks. Big Business Blunders. Hutchinson Press, 1999
2. Business Communication. ICMR Publications
3. Gibson, J W and Hodgetts R M. Business Communication. Harper and Row, 1990.
4. Bovee C L and Thill J V. Business Communication Today. McGraw Hill, 2008
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
5. Ron Hoff. A Fearless Guide to Making Great Presentations. Andrews and McMeel, 1998.
6. Hall J A and Kapp M L. Nonverbal Communication in Human Interaction (3rd ed.). Holt
Rinehart and Winston, Inc, 1992.
7. Jack Criffrin. How to Say it for the First-Time Managers. Prentice Hall, 2010
8. James Mathewson et al. Audience, Relevance and Search. IBM Press, 2010
9. Mark Goulston. Just Listen. AMACOM, 2009
10. Adrian Furham and Evgeniya Petrova. Body Language in Business. Macmillan, 2009
11. Natalie Canavar and Claire Meirowitz. The Truth About the New Rules in Business
Writing. F T Press, 2009
12. Paul B Brown and Alison Davis. Your Attention Please. Adams Media, 2006
13. Andy Maslen. Write to Sell. Marshall Cavendish, 2009
14. Kevin Hogan. The Secret Language of Business. John Wiley & Sons, 2008
15. Guerrero L K, Devito JA, and Hecht M L. The Nonverbal Communication Reader:
Classic and Contemporary Readings (2nd ed.). Long Grove, IL: Waveland Press, Inc,
1999
16. West R and Turner L. H. Introducing Communication Theory: Analysis and Application.
Mountain View, CA: Mayfield, 2000
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
SECOND SEMESTER
Marketing Management
Block I - Introduction to Marketing Management
Nature of marketing management, Types of products / services. Marketing concepts: Product,
Production, Selling, Marketing and Societal, Concepts Marketing environment, elements of
Marketing Mix. Classification of goods & services.
Block II - Consumer Behavior, Market Segmentation and Targeting
Consumer & buyer behavior process, models of consumer behavior. Market research and market
intelligence. Marketing information system. Market Segmentation and Targeting: Concept of
segmentation and targeting, basis for segmentation. Segmentation for consumer and industrial
products, Product positioning.
Block III - Product & Price
Product Mix and Product Line, levels of product, new product development and product life
cycle strategies. Branding, types of brands, brand building, measuring brand equity. Packaging
and labeling. Pricing: General pricing approaches, new product pricing strategies, Public policy
and pricing.
Block IV - Promotion and Place Mix
Elements of promotion mix, Marketing communication process,Publicity, Advertising and public
relations. Personal selling and sales promotion. Direct marketing and online marketing.
Distribution channels and logistics management, Channel design and administration, Public
policy and distribution decisions.
Book References
1. Philip Kotler Marketing Management (New edition. Prentice Hall India)
2. Perault. Basic Marketing
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
3. William Stanton. Fundamentals of Marketing
4. Philip Kotler and Garry Armstrong. Principles of Marketing
5. Rajan Saxena. Marketing Management
6. Zickmund. Marketing Management
7. Ramesh Kumar. Marketing
Human Resources Management
Block I - Perspectives in HRM
Role of HR managers, sub-systems of HRM, HR functions and policies. Organization for HRM,
Development of HRM in India, Recent trends in HRM, Impact of globalization on HRM.
Block II - HR Planning, Recruitment and Selection
Scope of HR planning, Job analysis, job design Job description and job evaluation, methods of
recruitment. Testing for selection of employees, use of psychological test, selection process,
interviews, errors in selection.
Block III - Training and Development
Induction and Orientation, methods of training, training manual, training under ISO and QS
Certification. Supervisory, Executive and Management development programmes. Career
development.
Block IV - Performance Management
KRA and KPAs, Traditional vs Modern methods of performance management. Potential
appraisal, Feedback systems & Job evaluation.
Block V - Compensation Planning
Wages and salary, Administration perks, Fringe benefits, Bonus, Incentives. Compensation
surveys. Productivity, Performance linked Pay structure. Compensation review and structuring.
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SYLLABUS – MBA Financial Services
Book References
1. Keith Davis. HR and Personnel Management
2. Flippo. Personnel Management
3. T.V. Rao. Human Resource Management
4. Pattanaik. Human Resource Management
5. Micheal Armstrong. Human Resource Management
6. Gary Desseler. Human Resource Management
Financial Management
Block I - Goal of the Firm
Profit maximization vs wealth maximization, Value creation, Agency problems, Social
responsibility, Role of financial management, Time value of money, Valuation of securities –
stocks and bonds. Concept of risk and returns of securities, using probability distribution to
measure risk, risk and return in portfolio context (using excel).
Block II - Capital Budgeting & Cost of Capital
Estimating cash flows – initial, intermediate and terminal Cash flows on incremental basis,
Capital budgeting decision rules, Payback, ARR, DCF techniques – NPV, IRR, PI, using excel.
Cost of debt, preferred stock, equity, computing WACC, The CAPM approach, Adjusting
WACC for risk. Long-term financing, Public issue of debt, Preferred stock and Common stock,
Term loans.
Block III - Capital Structure Theories
Traditional view vs MM hypothesis, MM position I &II, Capital structure designing in practice –
EBIT- EPS analysis, the pecking order theory. Dividend decisions, Relevance vs irrelevance of
dividends.
Block IV - Working Capital Management and Finance
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Cash management, Receivables management and Inventory management, Working capital
finance in India
Book References
1. Van Horne and Wachowitz Fundamentals of Financial Management
2. Van Horne. Financial Policy and Management. 12th edition.
3. Prasanna Chandra. Financial Management
4. Brigham and Erhardt. Corporate Finance
5. Ross, Wetfield & Jaffer. Corporate Finance
Computer Applications in Finance
Block I - Computer Applications in Finance
Computer System: Role of computer system as Information system, functional components of
computer system, Software Requirements, Overview of Management Information Systems and
System concepts, ERP softwares and their uses in financial information dissemination,
Introduction to the uses of software in Finance, Introduction to Spreadsheets, Various functions
in Spreadsheets using MS Excel Spreadsheets, Advance applications of Excel and VBA for
financial Modeling.
Book References
1. P.K.Sinha. Computer Fundamentals. BPB Publisher, 2003.
2. Andrew S. Tanenbaun. Computer Network. Prentice Hall, 2002.
3. Rustam Shroff. Computer Systems & Applications. Himalaya Publishing House, 2004.
4. Rustam Shroff. Computer Systems & Applications. Himalaya Publishing House.
5. Chandan Sengupta Using Excel and VBA for Finance. John Wiley 2002.
6. Sanjay Saxena. A First Course in Computer. Vikas Publishing House Pvt. Ltd., 2005.
7. Grean Stein Feinman. Electronics Commerce. McGraw Hill, 2000
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
8. N.Subramanium. Introduction to Computers. McGraw Hill, 1986.
Quantitative Finance
Block I - Quantitative Finance
Importance of mathematical concepts in Finance: Time value of Money, Risk and return theory,
Value at Risk, Monte Carlo Simulation, Yield calculation for Bonds, Yield curve fitting,
Valuation and Pricing, Different approaches to Equity Valuation, Binomial and Black Scholes
model of Option pricing, Martingale approach, Capital Asset Pricing Model.
Book References
1. Paul Wilmot Introduction to quantitative Finance 3rd Edition 2007 John Wiley
2. Grimmett and D.R. Stirzaker, Probability and Random Processes, 1997,Oxford
University Press.
3. Hamilton: Time Series Analysis :1994 Princeton University Press.
4. Rice: Mathematical Statisitics and Data Analysis: 1988: Wadsworth: Brookskole
5. Madhu Sinha: Financial Planning 2008 Tata Mc. Graw Hill
Research Methodology
Block I - Research Methodology
Foundations of Research, Characteristics of scientific method, Understanding the language of
research, Problem Identification & Formulation and steps in research, Research Design ,Types of
Research Design, Qualitative and Quantitative Research, Probabilistic and Non probabilistic
Sampling, Practical consideration in sampling and sample size.
Book References
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
1. Donald R.Cooper and Pamela S.Schindler. Business Research Methods, 9th edition.
Tata Tata Mc Graw Hill, 2008.
2. Alan Bryman & Emma Bell. Business Research Methods. Oxford University Press, 2007.
3. C.R.Kothari. Research Methodology. New Age International, 2008.
4. Willian G. Zikmund. BusinessResearch Methods. South-Western Cengage Learning,
2010.
SEMESTER III
Security Analysis and Portfolio Management
Block I – Fundamentals of Investment management
Basics of Investment, Financial Markets, Investment alternatives, the concept of risk and return,
investment risks, methods to measure investment returns, Financial Mathematics, Fixed income
securities, Bond Principles, Yield to Maturity, Duration
Block II – Portfolio Construction
Portfolio Objectives, Investment Policy versus Investment Strategy, Diversification, Efficient
Market hypothesis, Markowitz theory, CAPM, APT, Security Market Line, Stock Selection in the
portfolio- Fundamental Analysis, Introduction to Financial Statement Analysis, Stock Selection-
Technical Analysis
Book References
1. Prasanna Chandra. Investment Analysis and Portfolio Management. McGraw Hill, 2009.
2. Bodie, Kane, Marcus and Mohanty. Investments. Tata Mc. Graw Hill, 2007.
3. S. Kevin. Portfolio Management. Prentice Hall, 2006.
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
4. Frank J. Fabozzi. Institutional Investment Management. John Wiley and Sons, 2009
5. Charles Smithson. Credit Portfolio Management. John Wiley and Sons, 2009.
6. Robert A. Strong. Portfolio Construction, Management, and Protection. South Western
Cenage Learning, 2009.
7. John C Hull. Fundamentals of Options and Futures. Pearson, 2005.
8. Leland E. Crabbe, Frank J. Fabozzi. Corporate Bond Portfolio Management. John Wiley and
Sons, 2006.
9. Dobofsky: Introduction to Derivatives 2003: Oxford University Press
Strategic Financial Management
Block I - Financial Strategy for Organisations
Strategy Concepts : Definition and meaning by various schools Strategic Planning and long range
Business Planning graduation from operational to policy to Strategic decision making, Working
Capital Strategy, Matrix Methods for Strategic Decisions, Organizational Strategy
Block II- Strategic Financing Decisions
Efficient Market, Six Lessons of Market Efficiency, corporate Financing, Payout Policy and
Capital Structure, Debt Policy, The effect of financial leverage in a competitive tax free
economy, Financing and Valuation
Block III- Mergers, Acquisitions and Takeovers
Motives for Mergers, Mergers and Amalgamations, types of takeovers, legal aspects, procedural
aspects, economic aspects, financial aspects, accounting aspects, taxation aspects, Funding of
Mergers and Takeover, Corporate Demergers / Splits and Divisions
Book References
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
1. Upendra Kachre. Strategic Management. Excel Book – 1st Edition 2005
2. Reed and Reed Lajorex. The art of Mergers & Acquisitions. McGraw Hill, 1999.
3. S.Ramanujam. Mergers. Tata McGraw Hill, 2000.
4. Sridharan and Pandian. Guides to Takeover and Mergers. Wadhava Publications, 2002.
5. Machiraju. Mergers. Acquisitions and Takeover. New Age International, 2003.
6. Weston, Sen and Johnson, Takeovers, Restructure and Corporate Governance, Prentice
Hall, 2003.
7. Peirick A. Gaughan. Mergers, Acquisitions and Corporate Restructuring. John Wiley &
Sons, 2003.5. Michael Porter Competitive Strategy Free press, 1998
Business Law
Block I - Indian Contract Act and Company Law
Law of Contract, Special Contracts, Company Law, Corporate Personality, Stages of formation
of a Company, Prospectus and Other Documents: Doctrine of Indoor Management, Prospectus,
Shares, Debentures and Dividends
Block II - Security Market Law
An Overview of Legal and Regulatory Framework for Capital market, Capital Market
Intermediaries regulations, Stock Exchange Regulations, Other Regulations: Venture Capital
regulatory framework, Collective Investment Schemes Regulatory framework, Overview of
depository system
Book References
1. N. D. Kapoor. Elements of Mercantile Law. Sultan Chand and Company, 2006.
2. Robert W Emerson. Business Law. Barron’s Educational Series Inc, 2006.
3. Satyanarayana G. Business Law. Apollo Publishers, 2009.
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
4. Avatar Singh. Company Law. Eastern Book Company, 2008.
5. Gulshan S.S. and Kapoor G.K. Business Law. New Age International, 2009.
Mutual Funds
Block I - Mutual Fund Industry in India
Structure of mutual fund, Types of Funds, Introduction to ETFs Salient features,
Introduction to debt funds Salient features, Regulation of Mutual funds in India, Role of
Mutual funds in Financial Planning
Block II- Mutual Fund Portfolio Management
Portfolio construction of a mutual fund, Management of portfolio risk, Mutual Fund
Performance evaluation, Asset allocation decision, sector and security selection decisions,
style analysis, Active portfolio Management, International Diversification
Book References
1. H.Sadhak Mutual funds in India: Marketing strategies and investment practices,
2. M.Y.Khan. Financial Services. Tata McGraw Hill, 3rd Edition, 2005
3. Prassana Chandra. Investment Analysis and Portfolio Management. McGraw Hill.
4. Bodie, Kane, Marcus and Mohanty. Investments. Tata Mc. Graw Hill, 2007.
5. AMFI Handbook on mutual funds .
6. R. Strong .Portfolio Management. Jaico Publishing, 2001
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Risk Management
Block I - Overview of Risk Management
Risk assessment & Management, Pricing in Foreign Currency, Types of risk and return, Internal
and External Techniques, Price variation, Short Term borrowing, Pricing in Foreign Currency,
Instruments of Risk Management, Process of Risk evaluation and Risk Control
Block II - Measurement of Risk
Measurement of Risk- Behavioral view of risk, statistical measures of risk, Portfolio Risk:
Portfolio Expected Return, Portfolio Variance and Standard Deviation, Concept of Modern
portfolio theory, Value at Risk (VaR), Insurable risks, Pure Risk, Handling and Monitoring of
Risk
Book References
1. Peter Christ offerson. Elements of Financial Risk Management. Academic Press, 2003.
2. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.
3. Emmett J. Vaughan, Theresa Vaughan. Risk Management. Wiley, John & Sons, 1996.
4. Neil A. Doherty. Integrated Risk Management: Techniques and Strategies for Managing
Corporate Risk. McGraw Hill, 2000.
5. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.
6. Prasanna Chandra. Investment Analysis and Portfolio Management. McGraw Hill, 2009.
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
SEMESTER IV
International Financial Management
Block I - Overview of International Finance and Financial Markets
Nature and characteristics of International Business, Scope of International Finance, WTO and
its impact; Role of World Bank, IMF, SDR. Trade settlement methods, International Trade flows,
Capital Flows, The foreign exchange market, Exchange Rate Mechanism and Foreign Exchange
exposure, Risk management and forecasting foreign Exchange rate
Block II - The Exchange Rate Theory and International Monetary System
Purchasing power parity and floating exchange-rate experience, the purchasing power parity, the
empirical evidence on the PPP - Monetary Models, The concept of risk premium and different
types of risk, The Balance of payments
Book References
1. Jeff Madura. International Financial Management. Cengage Learning, 2010.
2. A.V. Rajwade. International Finance. Academy Of Business Studies, 2006.
3. P.G. Apte. International Finance Management. McGraw Hill, 2010.
4. John Holland. International Finance Management. Oxford, Blackwell Publication, 1997.
5. Shapiro. International Finance. Wiley India Pvt Ltd, 2008.
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Financial Derivatives
Block-I – Futures and Forwards
Risk Management using futures and forwards, Principles of future markets, Pricing of futures,
Pricing of foreign Exchanges futures contract Valuation of long and short forward contract,
Principles of Swaps, Mechanics of interest rate swaps, Credit Derivatives, The pricing of CDS
Block II - Options
Introduction and definition of options, Types of options, Option trading, Option premium , Profit
and loss in options, Option strategies, Option pricing, factors affecting option pricing, Option
Overwriting, Exotic Options and other derivatives, Mortgage backed Securities, Non standard
swaps, Weather Derivatives, Energy Derivatives, Insurance derivatives.
Book References
1. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.2. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.
3. Dobofsky: Derivatives Oxford University Press 2003
4. Robert Strong: Portfolio Management Jaico Publishing, 2001
5. Prasanna Chandra. Investment Analysis and Portfolio Management. McGraw Hill, 2009.
Commodity Derivatives
Block I - Introduction to Commodity Derivatives
Derivatives definition, types of derivatives, products, participants and functions, Commodity
Derivatives, Evolution of Indian Commodity Derivatives Market, Pricing commodity derivatives,
Commodity Supply and demand, Effect of Business Cycles and fluctuation of interest rates on
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Commodity markets and their impact on the futures and options contracts of the commodities,
unique behavior of commodities like coffee and wheat
Block II - Commodity Derivative Trading
Commodity Derivative Trading, Trading Operations, Price, Margining, Final Settlement,
Exception handling, Regulatory Framework: Forward market commission, Essential commodities
Act, Accounting and Taxation Issue, Trading Infrastructure
Book References
1. John C. Hull. Fundamentals of Futures and Options. Pearson, 2005.2. Vohra and Bagri. Futures and Options. McGraw Hill, 2010.
3. Dobofsky: Derivatives Oxford University Press 2003
4. Robert Strong: Portfolio Management Jaico Publishing,2001
5. Prasanna Chandra. Investment Analysis and Portfolio Management. McGraw Hill, 2009.
Financial Markets and Institutions
Block I - Introduction to Financial Markets
Structure of financial system, Financial Institutions, Financial Markets Financial instruments and
services; financial system and Economic Development, Money Supply and Banking, Role of
financial sector in economic development, Insurance Industry in India
Block II- Regulators and Other Market Participants
Financial Regulators: Securities and Exchanges Board of India, SEBI act, Investment Banks-
Structure and functions, Merchant banking: Concept, Growth, Merchant Banking in India, Other
Financial Services
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Book References
1. Gomez. Financial Markets Institutions and Financial Services. Prentice Hall of India,
2007.
2. Bhole and Mahakud. Financial Institutions and Markets. McGraw Hill, 2010.
3. G. Ramesh Babu. Financial Markets and Institutions. Concept publishing company,
2006.
4. Khan and Jain. Financial Services. McGraw Hill, 2010.
5. P.Mohana Rao, R.L. Hyderabad. Financial Services- Text, Cases & Strategies. Deep &
Deep Publication, 2002.
6. Ja Pratap G Subramanyam. Investment Banking: Theory and Practice. McGraw Hill,
2008.
7. H.R.Machiraju. Merchant Banking: Principles and Practices. New Age International,
2005.
8. Richard A Brealey, Stewart C Myers Allen. Principles of Corporate Finance (Special
Indian Edition). McGraw hill, 2007.
9. Ellis Ma Ferran. Company Law and Corporate Finance. Oxford University Press, 2003.
10. Y Nagdeman. Financial Services Marketing. John Wiley and Sons, 2008.
Financial Planning and Wealth Management
Block I - Investment and Retirement Planning
Introduction to Investment Planning, Investment risk, Investment Vehicles, Introduction to
Retirement Planning: Meaning, Issues, Retirement needs analysis, Retirement income streams,
Post-retirement counseling, Pension sector reforms, Need for reforms, Reform proposals.
Block II - Insurance and Tax Planning
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the Director’s prior written consent.
SYLLABUS – MBA Financial Services
Introduction to Insurance Planning, Insurance and Risk, Life insurance needs analysis, Tax
Planning Considerations, Ethical considerations in tax planning, Tax compliance matters,
Taxation terminology, Tax calculations and special rules, Tax characteristics of business forms,
Tax Planning Strategies, Financial Planning Process
Book References
1. Harold Evensky. Wealth Management: The Financial Advisor's Guide to Investing and
Managing Client Assets. McGraw hill, 1996.
2. Eugene F. Brigham and Joel F. Houston. Fundamentals of Financial Management.
Cengage Learning, 2009.
3. S.K. Bagchi. Wealth Management. Jaico Publishing House, 2009.
4. Dun, Bradstreet. Wealth Management. McGraw Hill, 2008.
5. Madhu Sinha. Financial Planning. McGraw Hill, 2008.
6. George E. E. Rejda. Principles of Risk Management and Insurance. Pearson Education,
2007.
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the Director’s prior written consent.