Master in Global Financial Management 1 Syllabus Mumbai University by munotes
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Unit 2 -
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 S IN GLOBAL FINANCIAL MARKETS
2 Eligibility for Admission
1. Graduates 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. 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
Masters in Global Financial Markets
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
Masters in Global Financial Markets
(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 areas 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 progra m 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 nam e 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 sessio ns is to go inside the issues that matter - and to reach inside 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 Blended 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 tech nology 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 lear ners 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 modeling 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 essential 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 participati ng in it. Keeping this in mind the
PGP - Global Financial Markets 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 theory and practice and develop a wholesome understanding of the subject.
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SEMESTER -WISE SYLLABUS
Subject
Code Core Subjects Assessment Pattern
Internal
Marks
60 Exte
rnal
Mar
ks
40 Total
Marks Theor
y Hrs Prac
tical
Hrs Total
Hrs Total
Cred
its SEMESTER I
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 Economics 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
800 360 360 24 SEMESTER II 2.9 Marketing & Sales of
Financial Products 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 Competitive Strategy 60 40 100 45 - 45 3
2.13 Leadership Development 60 40 100 45 - 45 3
2.14 Fund Management &
Portfolio Selection 60 40 100 45 - 45 3
2.15 Strategic Financial
Management 60 40 100 45 - 45 3
2.16 Derivatives 60 40 100 45 - 45 3
800 360 360 24
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SEMESTER III 3.17 International Business 60 40 100 45 - 45 3
3.18 Strategic Management 60 40 100 45 - 45 3
3.19 Technical Analysis 60 40 100 45 - 45 3
3.20 Debt Markets 60 40 100 45 - 45 3
3.21 FOREX Markets 60 40 100 45 - 45 3
3.22 Treasury & Risk
Management 60 40 100 45 - 45 3
3.23 Financial Modelling 60 40 100 45 - 45 3
3.24 Securities Law 60 40 100 45 - 45 3
3.25 Summer Internship 100 - 100 - 2 Mth 8
Total 900 360 450 32 SEMESTER IV 4.26 Entrepreneurship
Management 60 40 100 45 - 45 3
4.27 Algorithmic Trading 60 40 100 45 - 45 3
4.28 Investment Banking 60 40 100 45 - 45 3
4.29 Commodity Market 60 40 100 45 - 45 3
4.30 SME Finance 60 40 100 45 - 45 3
4.31 Financial Technology 60 40 100 45 - 45 3
4.32 Project Work 100 - 100 - 2
700 270 360 20
Final Total 3200 1350 1530 100
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SUBJECT -WISE SYLLABUS
Subject
Code
Subjects Total
Hours Session
of 3
Hours
SEMESTER I
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
Unit 3 - Accounting Concepts
Unit 4 - Accounting Conventions
Unit 5 - Basic Accounting Process
Unit 6 - Final Accounts
Unit 7 - Inventory Accounting
Unit 8 - Accounting for Depreciation
Unit 9 - Accounting for Capitalization
Unit 10 - Financial Statements
Unit 11 - Financial Statement Analysis
Unit 12 - Balance Sheet, Profit & Loss Account
Unit 13 - Ratio
Unit 14 - Cash and Funds Flow Statement
45 15
1.3 Business Statistics
Unit 1 - Introduction to Statistical Analysis
Unit 2 - Counting, Probability and Probability Distributions
Unit 3 - The Normal Distribution
Unit 4 - Sampling and Sampling Distribution
Unit 5 - Estimation and Hypothesis Testing
Unit 6 - Correlation and Regression
45 15
1.4 Dealing with Data
Unit 1 - Introduction to data
Unit 2 - Statistical Inference
Unit 3 - Exploratory Data Analysis
Unit 4 - Basic Machine Learning Algorithms
Unit 5 - Feature generation and feature selection
Unit 6 - Building a user facing data product 45 15
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Unit 7 - Data Visualization
Unit 8 - Data Science and Ethical Issues
1.5 Economic Environment of Business
Unit 1 - Introduction to Micro Economics
Unit 2 - Demand
Unit 3 - Utility Concepts
Unit 4 - Indifference Analysis
Unit 5 - Supply side economics
Unit 6 - Equilibrium
Unit 7 - Competition and Market Forms
Unit 8 - Oligopoly and Duopoly
Unit 9 - Introduction to Macro Economics
Unit 10 - Aggregate Demand and Supply, GDP
Unit 11 - Inflation and Interest Rates
Unit 12 - Monetary and Fiscal Policy
Unit 13 - Fiscal Deficit and Balance of Payments
Unit 14 - Exchange Rates
45 15
1.6 Introduction to Financial Management
Unit 1 - characteristics of financial markets
Unit 2 - interest 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
SEMESTER II
2.9 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 45 15
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Unit 7 - Introduction to Services Marketing
Unit 8 - Price
Unit 9 - Place
Unit 10 - Promotion
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 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
2.13 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
2.14 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
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2.15 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
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 45 15
2.16 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
SEMESTER III
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
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3.19 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
Unit 12 - Technical Analysis Step by Step
45 15
3.20 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
3.21 FOREX Markets
Unit 1 - What is Foreign Exchange, its need and
Administration in India
Unit 2 - FEDAI, Forex Business Infrastructure in Banks
Unit 3 - SWIFT, Different types of forex trades
Unit 4 - Different Types of Exchange Rates
Unit 5 - Foreign Exchange Arithmetic
Unit 6 - Determination of Forex Rates -the factors that affect
them
Unit 7 - Introduction to International Markets, LIBOR
Unit 8 - Raising Funds in the International Markets,
Introduc tion to Bond Markets
Unit 9 - Types of Bonds in Different Currencies
Unit 10 - Basic Types of Derivatives
45 15
3.22 Treasury & Risk Management
Unit 1 - Short term money market instruments like call,
repo,reverse repo,cp,cd
Unit 2 - fixed income securities like treasury bills, g -secs ,
state loans
crr, slr, ndtl
Unit 3 - concepts of compound value, present value, yield,
duration,
Modified duration, bootstrapping ,zero coupon bonds
rbi - fixed/ variable auctions, omo, m s bonds 45 15
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Unit 4 - Risk Measurement & Control
Unit 5 - Asset Liability Management
Unit 6 - Challenges of BASLE -II
Unit 7 - System Audit Significance in Risk Management/
mitigations
3.23 Financial Modelling
Unit 1 - Overview of Financial Modeling
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
3.24 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
3.25 Summer Internship 2
months 8
SEMESTER IV
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
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4.27 Algorithmic Trading
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 strategies
Unit 7 - Business aspect of algorithmic trading
Unit 8 - India in algorithmic trading 45 15
4.28 Investment Banking
Unit 1 - Overview of Investment banking.
Unit 2 - Investment banking Activities
Unit 3 - Raising Equity Capital
Unit 4 - IPO Process
Unit 5 - Private Equity Investments
Unit 6 - Role of Investment Banks in Debt Markets
Unit 7 - Raising Finance from International Markets
Unit 8 - Introduction to M&A
Unit 9 - M&A Analysis
Unit 10 - Corporate Restructuring
45 15
4.29 Commodity Market s
Unit 1 - Commodity Futures Trading – History
Unit 2 - Introduction to Commodity
Unit 3 - Timing & Returns
Unit 4 - Product Specification
Unit 5 - Commodity Hedging
Unit 6 - Clearing & Settlement
Unit 7 - Risk Management
Unit 8 - Market Watch & Trading Software
Unit 9 - Commodity Research
Unit 10 - Do’s And Don’ts for Dealing in Commodity Fu tures
45 15
4.30 SME Finance
Unit 1 - Overview of SME Sector
Unit 2 - Institutional Support
Unit 3 - Regulatory Framework
Unit 4 - Financial Analysis
Unit 5 - Working Capital
Unit 6 - Project Appraisal
Unit 7 - Non Fund Based Limits
Unit 8 - Credit Administration and Monitoring
Unit 9 - Stressed Asset Management
Unit 10 - CGTMSE Scheme
Unit 11 - BCSBI Code
45 15
4.31 Financial Technology
Unit 1 - Banking Sector & Technology :
Business Structure & I.T. Framework
Core Banking Solution & Transaction Cycles
Clearing, Settlements & Transaction Processing 45 15
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Technology Set -Up & Risk Management
Unit 2 - Financial Markets & Technology:
IPO & Book Building
Secondary Markets & Technology Set- up
Trading Systems & Technology
Back Office Technology
Unit 3 - Investment Banking & Technology:
Investment Banking & Technology Set- up
Unit 4 - Insurance Sector:
Distribution Channel & Technology Set- up
Technology Set -Up
4.32 Project Work 2
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 Grade 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. __________
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A. Carry forward of marks in case of learner who fails in the Internal 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 Course 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.
C. A learner who PASSES in the Semester -end Examination but FAILS in the Internal
Assessm ent 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 applicable 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 applicab le 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.