Master In Financial Technology 1 Syllabus Mumbai University by munotes
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Date: 12/5/2017 Signature:
Dr. Anil Karni. Director, Ga
Date: 11/5/2017 Signature:
Dr. Anil Karnik, I/C. Director, Garware Institute of Career Education & Development
Heading Particulars
1 Title of the
Course Master In Financial Technology (MFT )
2 Eligibility for Admission 1. Graduate with minimum 50% from a recognized
University having a flair for numbers can apply.
2. Consideration will be given to SC/ST candidates and
Persons with Disability (PWD).
3. Candidates from Engineering / MCA /BCA /
Mathematics / Economics background will get an edge over the remaining applicants for FinTech
4. Admissions on the basis of Written Test &
Interview.
3 Passing
Marks 50% PASSING MARKS
4 Ordinances /
Regulations ( if any)
5 No. of Years / Semesters 2 YEARS / 4 SEMESTERS
6 Level GRADUATE
7 Pattern SEMESTER
8 Status NEW
9 To be implemented from
Academic Year From Academic Year 2017 -18 AC 11 /5/2017
Item No.
UNIVERSITY OF MUMBAI
Syllabus for Approval
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UNIVERSITY OF MUMBAI’S
GARWARE INSTITUTE OF CAREER EDUCATION & DEVELOPMENT
M. In Financial Technology
Proposed syllabus
Credit Based Semester and Grading System with
effect from the Academic Year
(w.e.f. Academic Y ear 2017 -18)
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UNIVERSITY OF MUMBAI
GARWARE INSTITUTE OF CAREER EDUCATION & DEVELOPMENT
Ordinances, Regulations and Syllabus Relating to
M. in Financial Technology
(TWO YEAR FULL- TIME COURSE)
Preamble / Scope:
The financial markets arena is a field which is constantly evolving; in which updated and
specialized knowledge is essential. Financial companies today seek candidates who not only have
excellent knowledge of their field and specialist skills, but who can cope with dynamism and lead
the company successfully through changes. The innovations of the financial markets, as well as the globalization process and technological changes require highly trained professionals, able to face the challenges of the financial ar eas of corporate business. They seek individuals who can
represent the company in a positive light when dealing with clients and transmitting in them,
confidence of the company’s ability to manage the funds.
The PGP - Global Financial Markets program is intended to prepare students for a wide range of
careers both inside and outside the financial markets industry, including Investment Banking, Fund Management, Debt and Capital Markets, Mergers and Acquisitions, Investment Analysis and
Research to name a few.
Objective of the Course:
Learning in practice
The classroom sessions are a combination of lively case study discussions and hands on practice
exercises. This ensures that the learning is an enriching experience. To experience our learning sessions is to go inside the issues that matter - and to reach ins ide yourself for the knowledge,
skills, and confidence you will develop to analyze and address complex situations. In every case,
class, event, and activity, you are asked not only to develop new skills, but also to demonstrate it.
Blended Learning
Our B lended learning programs are perhaps the highest impact, lowest cost way to drive major
corporate learning initiatives. It offers you the advantages of face to face learning as well as those of technology based learning. We design blended learning programs that are:
• It was well- structured (all steps were well- defined and scheduled in advance);
• Takes advantage of best -in-class media of the day
• Saves time, since part of the learning can be done by learners directly from their desktop
• Helps create a social culture (learners do spent a lot of time together);
• Uses demonstration and experiential learning
Students will have a solid understanding of the fundamental quantitative tools ranging from
applied economic theory, probability and statistics, to financial mode ling and securities law all of
which are becoming increasingly vital in the financial industry. As for any aspirant looking
forward to entering this vibrant field, it is essential to have sound technical knowledge. However
at the same time, it is also esse ntial for one to be well versed in their soft skills, that is, their
communication abilities and overall presentation. One cannot learn about the financial markets
operations without participating in it. Keeping this in mind the PGP - Global Financial Mark ets
from BIL has been designed to interlace practical sessions such as case study discussions, projects, group discussions, class presentation, simulation programs and internships along with the theory sessions so that the students can correlate between th eory and practice and develop a
wholesome
understanding of the subject .
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SEMESTER - WISE SYLLABUS :
Master In Financial Technology – Duration Two Years
Subject
Code Core Subject Assessment Pattern Teaching Hours SEMESTER - I Topics Internal
Marks
60 Externa
l Marks
40 Total
Marks
100 Theory
Hours Practical
Hours Total
Hours Total
Credits
1.1 Business Communication 60 40 100 45 - 45 3
1.2 Financial Accounting 60 40 100 45 - 45 3
1.3 Business Statistics 60 40 100 45 - 45 3
1.4 Dealing with Data
60 40 100 45 - 45 3
1.5 Economic Environment of
Business
60 40 100 45 - 45 3
1.6 Introduction to Financial
Management
60 40 100 45 - 45 3
1.7 Financial Information
Systems
60 40 100 45 - 45 3
1.8 Fintech Personal Finance
and Payments
60 40 100 45 - 45 3
Total 800 360 - 24
SEMESTER - II 2.9 Competitive Strategy
60 40 100 45 - 45 3
2.10 Business Law
60 40 100 45 - 45 3
2.11 Business Research Methods
60 40 100 45 - 45 3
2.12 Strategic Financial
Management
60 40 100 45 - 45 3
2.13 Marketing and Sales of
Financial Products
60 40 100 45 - 45 3
2.14 Derivatives 60 40 100 45 - 45 3
2.15 Fund Management and
Portfolio Selection
60 40 100 45 - 45 3
2.16 Leadership Development
60 40 100 45 - 45 3
Total 800 420 24
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Master In Financial Technology – Duration Two Years
Subject
Code Core Subject Assessment Pattern Teaching Hours SEMESTER - III Topics Internal
Marks
60 Externa
l Marks
40 Total
Marks
100 Theory
Hours Practical
Hours Total
Hours Total
Credits
3.17 International Business
60 40 100 45 - 45 3
3.18 Strategy Management
60 40 100 45 - 45 3
3.19 Securities Law
60 40 100 45 - 45 3
3.20 Technical Analysis
60 40 100 45 - 45 3
3.21 Financial Modelling
60 40 100 45 - 45 3
3.22 Robo -Advisors and
Systematic Trading
60 40 100 45 - 45 3
3.23 Retail Banking Technology
and Operations
60 40 100 45 - 45 3
3.24 FinTech Analysis: Data
Driven Credit Modelling
60 40 100 45 - 45 3
3.25 Summer Internship 100 - 100 - 2 mth 8
Total 900 360 32
4.26 Entrepreneurship
Management 60 40 100 45 45 3 SEMESTER - IV 4.27 Algorithmic Trad ing 60 40 100 45 - 45 3
4.28 Cyber security Technology
and Applications
60 40 100 45 - 45 3
4.29 Financial Risk Management:
Technology and Operations
60 40 100 45 - 45 3
4.30 Fintech Application in
Entrepreneurial Finance
60 40 100 45 - 45 3
4.31 Debt Markets
60 40 100 45 - 45 3
4.32 Project Work 100 - 100 - 2
Total 700 270 20
FINAL TOTAL 3200 1410 100
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SEMESTER - I
PAPER
NO. SUBJECT Total
Hours SESSION
OF 3 Hrs.
Each
1.1 Business Communication
Unit 1: Introduction to Business Communication
Unit 2: Communicating for Employment
Unit 3: Business Ethics
Unit 4: E- mails, Memos, Routine Letters
Unit 5: Persuasive Writing
Unit 6: Giving Oral Presentations
Unit 7: Formal/Informal Reports
Unit 8: Proposals
Unit 9: Dealing with the Public and Media
45
15
1.2 Financial Accounting
Unit 1: Introduction to Accounting
Unit 2: Double Entry
Unit3: Accounting Concepts
Unit4: Accounting Conventions
Unit5: Basic Accounting Process
Unit6: Final Accounts
Unit7: Inventory Accounting
Unit8: Accounting for Depreciation
Unit9: Accounting for Capitalization
Unit10: Financial Statements
Unit11: Financial Statement Analysis
Unit12: Balance Sheet, Profit & Loss Account
Unit13: Ratio
Unit14 : Cash and Funds Flow Statement
45
15
1.3 Business Statistics
Unit1: Introduction to Statistical Analysis
Unit2: Counting, Probability and Probability
Unit3: Distributions
Unit4: The Normal Distribution
Unit5: Sampling and Sampling Distribution
Unit6: Estimation and Hypothesis Testing
Unit7: Correlation and Regression
45
15
1.4
Dealing with Data
Unit 1: Introduction to data
Unit 2: Statistical Inference
Unit 3: Exploratory Data Analysis
45
15
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Unit 4: Basic Machine Learning Algorithms
Unit 5: Feature generation and feature selection
Unit 6: Building a user facing data product
Unit 7: Data Visualization
Unit 8: Data Science and Ethical Issues
1.5
Economics Environment of Business
Unit 1: Introduction to Micro Economics
Unit 1: Demand
Unit 2: Utility Concepts
Unit 3: Indifference Analysis
Unit 4: Supply side economics
Unit 5: Equilibrium
Unit 6: Competition and Market Forms
Unit 7: Oligopoly and Duopoly
Unit 8: Introduction to Macro Economics
Unit 9: Aggregate Demand and Supply, GDP
Unit 10: Inflation and Interest Rates
Unit 11: Monetary and Fiscal Policy
Unit 12: Fiscal Deficit and Balance of Payments
Unit 13: Exchange Rates
45
15
1.6 Introduction to Financial Management
Unit 1: C haracteristics of financial markets
Unit 2: I nterest rate determinants
Unit 3: Time value of money
Unit 4: Bond pricing
Unit 5: Fundamental Stock Pricing
Unit 6: Finish Stock Pricing
Unit 7: Weighted average cost of capital
Unit 8: Capital Budgeting
45
15
1.7 Financial Information Systems
Unit 1: Introduction and Overview of course topics
Unit 2: Financial Software and Analytic Tools
Unit 3: Banking and Payment Processing Systems
Unit 4: Information Technology in Financial Markets
Unit 5: Financial Markets Infrastructure
45
15
1.8 Fintech Personal Finance and Payments
Unit 1: Peer to Peer Currency exchange framework
Unit 2: Digital Currencies
Unit 3: Insuretech
Unit 4: Peer to Peer Lending
Unit 5: Regulatory Issues
45
15
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SEMESTER - II
PAPER
NO. SUBJECT Total
Hours SESSION
OF 3 Hrs.
Each
2.9 Competitive Strategy
Unit 1: Basics of Strategy
Unit 2: Competitive Advantage
Unit 3: Strategic Interactions
Unit 4: Industry Dynamics and Competition
Unit 5 : Corporate Strategy
Unit 6 : Technology Strategy
45
15
2.10 Business Law
Unit 1: Introduction of law and court procedures
Unit 2: Business Crimes and Torts
Unit 3: Government Regulation of Business
Unit 4: Contracts -nature and Capacity to contract
Unit 5: Offer and acceptance
Unit 6: Defective and illegal agreements
Unit 7: Termination of Contract and Consumer
Protection
45
15
2.11 Business Research Methods
Unit 1: Background to Research
Unit 2: Literature Review
Unit 3: Qualitative Methods
Unit 4: Quantitative Methods
Unit 5: Research Proposal
45
15
2.12
Strategic Financial Management
Unit 1: Financial management objectives and conflicting
stakeholder interests
Unit 2: Financial strategy formulation and ethical issues
in financial management Unit 3: Corporate valuation and strategies for
acquisitions and mergers
Unit 4: Application of option pricing theory in
investment decisions Unit 5: International investment and financing decisions
Unit 6: The nature of the equity and debt markets and
sources of finance including hybrids
Unit 7: The estimation of cost of capital
Unit 8: Review of capital structure and distribution
theory
45
15
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Unit 9: Option pricing theory and real options
Unit 10: The valuation of intangibles
Unit 11: Methods of interest rate risk and currency risk
management
2.13
Marketing and Sales of Financial Products
Unit 1: Introduction to Marketing
Unit 2 : Environment Scanning
Unit 3 : Marketing Strategy and Consumer buying
Unit 4 : Segmentation and Targeting
Unit 5 : Positioning
Unit 6 : Product and Branding
Unit 7 : Introduction to Services Marketing
Unit 8 : Price
Unit 9 : Place
Unit 1 0: Promotion
45
15
2.14 Derivatives
Unit 1: Introduction to Derivatives and Derivative
Products
Unit 2: Options
Unit 3: Futures
Unit 4: Types of Margins
Unit 5: Future and Option Strategies
Unit 6: Derivative Markets
45
15
2.15 Fund Management and Portfolio Selection
Unit 1: Financial markets and instruments
Unit 2: Active Fund Management and Investor Strategies
Unit 3: Market microstructure
Unit 4: Diversification
Unit 5: Risk and Performance Management
Unit 6: Introduction to Portfolio Management
Unit 7: Portfolio Management Models Unit 8: Portfolio Manager
Unit 9: Security Analysis
Unit 10: Case Studies and Practical Application
45
15
2.16 Leadership Development
Unit 1: Foundational Skill Building
Unit 2: Cross Functional Business Approach Unit 3: Strategy Formulation and Implementation
Unit 4: Leading Charge
Unit 5: Personal Leadership
45
15
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SEMESTER - III
PAPER
NO. SUBJECT Total
Hours SESSION
OF 3 Hrs.
Each
3.17 International Business
Unit 1: Overview of International Business
Unit 2: The evolution of International Business
Unit 3: Regional Economic Integration
Unit 4: The international flow of funds Unit 5: International Business Environment
Unit 6: Market Entry modes and decision making
Unit 7: International Business Strategies
Unit 8: International HRM
Unit 9: International Marketing
Unit 10: Global Value chain
45
15
3.18 Strategic Management
Unit 1: The Concept of Strategy
Unit 2: Industry & Competitive Analysis
Unit 3: Competitive Advantage
Unit 4: Competitive Dynamics
Unit 5: Corporate and Global Strategy
45
15
3.19 Securities Law
Unit 1: Introduction to Indian Capital Markets
Unit 2: SEBI Act 1992
Unit 3: Securities Contract (Regulations) Act 1956
Unit 4: Companies Act 2013
Unit 5: Company Formation
Unit 6: Corporate Governance
Unit 7: Other Regulations
45
15
3.20
Technical Analysis
Unit 1: Introduction to Technical Analysis
Unit 2: Theories, Techniques & Benefits
Unit 3: Important Aspects of Technical Analysis
Unit 4: Charts and their patterns
Unit 5: Technical Indicators
Unit 6: Trend Lines - Support and Resistance
Unit 7: Importance of Volume
Unit 8: Charts and Chart Types
Unit 9: Chart Patterns
Unit 10: Moving Averages
Unit 11: Indicators and Oscillators
45
15
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Unit 12: Technical Analysis Step by Step
3.21
Financial Modelling
Unit 1: Overview of Financial Modelling
Unit 2: Best Practices
Unit 3: Core Statements
Unit 4: Forecasting Revenue and Expenses
Unit 5: Scenario Analysis
Unit 6: Working Capital Schedule – (Assets and
Liabilities)
Unit 7: Depreciation and Amortization Schedule Unit 8: Long -Term Items and completion of income
statement logic
Unit 9: Shareholder’s equity Schedule
Unit 10: Debt and Interest
Unit 11: Troubleshooting your Financial Model Unit 12: Data Tables
Unit 13: Basics of Valuation
Unit 14: Valuation Of Companies - DDM
Unit 15: Discounted Cash Flow Model
45
15
3.22 Robo -Advisors and Systematic Trading
Unit 1: Smart beta and Robo advisors
Unit 2: Signal, noise, randomness
Unit 3: Markets and basic measurements of
performance, direction and volatility
Unit 4: Comparing strategies
Unit 5: Systematic Trading: Trend Following Systems & Futures Markets
Unit 6: Systematic trading: Trend and Counter -trend
systems
Unit 7: Systematic trading: Trend and Counter -trend
systems
Unit 8: Technical trading: Spreads and pairs trading in Equities Markets
Unit 9: Pairs trading review
Unit 10: Fundamentals and currency trading strategies
Unit 11: Currencies: Flow -based strategies and carry
trades;
Unit 12: Co-integration and basket trading
Unit 13: Machine Learning and Artificial Intelligence in Financial Prediction
Unit 14: High frequency trading
45
15
3.23 Retail Banking Technology and Operations
Unit 1 : Overview of Financial Ecosystem and Retail
Banking
Unit 2 : The universal Banking Process Framework
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Unit 3 : Payments Ecosystem
Unit 4 : Compliance and Risk management
Unit 5 : Disaster recovery and Business Continuity
Planning
Unit 6: Data warehouse and analytics – Concepts,
Architecture and Applications
45 15
3.24 FinTech Analysis: Data Driven Credit Modelling
Unit 1: Introduction to credit risk modelling concepts
Unit 2: R tutorial and data sets
Unit 3: PD model validation
Unit 4: PD model calibration
Unit 5: Regression- based models of default and data
pre-processing
Unit 6: Tree -based models
Unit 7: Loss Given Default: theory, data acquisition and
modelling
Unit 8: Mortgages
45
15
3.25 Summer Internship 2
months 8
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SEMESTER - IV
PAPER
NO. SUBJECT Total
Hours SESSION
OF 3 Hrs.
Each
4.26 Entrepreneurship Management
Unit 1: Business Opportunity
Unit 2: The process of building a business
Unit 3: Idea to business model Unit 4: Venturing through innovating the business model
Unit 5: Discovery driven planning
Unit 6: Crafting a business plan
Unit 7: Modes of venturing
Unit 8: Raising venture capital
Unit 9: Mobilizing Resource for the venture
Unit 10: Venturing in emerging markets
Unit 11: Paths to entrepreneurship
45
15
4.27 Algorithmic Trad ing
Unit 1: Introduction and Overview of Algorithmic
Trading
Unit 2: The Mathematics of Algorithmic Trading
Unit 3: Global Trends in Algorithmic Trading
Unit 4: Lifecycle of Algorithmic Trading
Unit 5: Risk, Costs and Roles in Algorithmic Trading
Unit 6: The trading s trategies
Unit 7: Business aspect of algorithmic trading
Unit 8: India in algorithmic trading
45
15
4.28 Cyber security Technology and Applications
Unit 1: Introduction to cyber security
Unit 2: Systems Security
Unit 3: Cryptograph and Network Security
Unit 4: The Landscape of Cyber security and Case Studies
45
15
4.29
Financial Risk Management: Technology and
Operations
Unit1: Market structure & Participant ant
Unit2: Solution Architecture & Design
Unit3: Financial Market Product life Cycle Development
& Implementation
Unit4: Introduction to Risk
Unit5: Market Risk
Unit6: Algorithmic Trading & complex event processing
45
15
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4.30
Fintech Application in Entrepreneurial Finance
Unit 1: Crowd funding
Unit 2: Peer to Peer Equity
Unit 3: Regulatory Issues
45
15
4.31 Debt Markets
Unit 1: Overview of debt contracts and classification of debt securities
Unit 2: Players and their objectives
Unit 3: Government debt markets
Unit 4: The money market
Unit 5: The repo market
Unit 6: MBS and ABS markets
Unit 7: Fixed income derivatives markets
Unit 8: No- arbitrage and the law of one price
Unit 9: Risks of debt securities
45
15
4.32 Project Work
2
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PASSING STANDARD AND PERFORMANCE GRADING:
MARKS GRADE POINTS
GRADE
75 TO 100 7.5 TO 10.0 O
65 TO 74 6.5 TO 7.49 A
60 TO 64 6.0 TO 6.49 B
55 TO 59 5.5 TO 5.99 C
50 TO 54 5.0 TO 5.49 D
0 TO 49 0.0 TO 4.99 F (FAILS)
The performance grading shall be based on the aggregate performance of Internal Assessment and Semester End Examination.
The Semester Grade Point Average (SGPA) will be calculated in the following manner:
SGPA = ∑ CG / ∑ C for a semester, where C is Credit Point and G is G rade Point for the
Course/ Subject.
The Cumulative Grade Point Average (CGPA) will be calculated in the following manner :
CGPA = ∑CG / ∑ C for all semesters taken together.
R. __________ PASSING STANDARD FOR ALL COURSES :
Passing 50% in each subject /Course combined Progressive Evaluation (PE)/Internal
Evaluation and Semester -End/Final Evaluation (FE) examination taken together. i.e.
(Internal plus External Examination)
R. __________
A. Carry forward of marks in case of learner who fails in the Inter nal Assessments
and/ or Semester -end examination in one or more subjects (whichever
component the learner has failed although passing is on total marks).
B. A learner who PASSES in the Internal Examination but FAILS in the Semester -end
Examination of the Cour se shall reappear for the Semester -End Examination of
that Course. However his/her marks of internal examinations shall be carried over
and he/she shall be entitled for grade obtained by him/her on passing.
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C. A learner who PASSES in the Semester -end Examination but FAILS in the Internal
Assessment of the course shall reappear for the Internal Examination of that
Course. However his/her marks of Semester -End Examination shall be carried
over and he/she shall be entitled for grade obtained by him/her on passing
R. __________ ALLOWED TO KEEP TERMS (ATKT)
A. A learner shall be allowed to keep term for Semester II irrespective of number of
heads/courses of failure in the Semester I.
B. A learner shall be allowed to keep term for Semester III wherever app licable if
he/she passes each of Semester I and Semester II.
OR
C. A learner shall be allowed to keep term for Semester III wherever applicable
irrespective of number of heads/courses of failure in the Semester I & Semester II.
D. A learner shall be allowed to keep term for Semester IV wherever applicable if
he/she passes each of Semester I, Semester II and Semester III.
OR
E. A learner shall be allowed to keep term for Semester IV wherever applicable
irrespective of number of heads/courses of failure in the Semester I, Semester II,
and Semester III
F. A learner shall be allowed to keep term for Semester V wherever applicable if
he/she passes each of Semester I, Semester II, Semester III and Semester IV.
OR
G. A learner shall be allowed to keep term for Semester V wherever applicable
irrespective of number of heads/courses of failure in the Semester I, Semester II,
Semester III, and Semester IV.
H. The result of Semester V I wherever applicable OR final semester shall be kept in
abeyance until the learner passes each of Semester I, Semester II, Semester III, Semester IV , Semester V wherever applicable.
OR
I. A learner shall be allowed to keep term for Semester VI wherever applicable
irrespective of number of heads/courses of failure in the Semester I, Semester II,
Semester III, Semester IV and Semester V.