12 Months

Eligibility Criteria

  • Minimum 2 years of work experience post completing your bachelor / Diploma (10+2+3) or master's degree with a minimum 50% marks.

*Internships and Training Experiences will not be considered full-time work experience

IIM Calcutta’s Applied Finance programme is a legacy Programme that is focused on the practical aspects of finance. Having a legacy for the past 17 batches this programme has a curriculum rich in case studies that reflect real-world practical challenges faced by Finance Executives during their career. With a Strategic approach to finance the curriculum also molds executives to take the next step in their careers where their role would entail managing teams and making high-level decisions.

Introduction

Course Highlights

7-day campus immersion at IIM Calcutta

Focus on real business use cases

Peer Learning and Networking in the finance domain

IIM Calcutta Executive Education Alumni status

Course Content

Core Modules
1. Business Accounting and Analysis
  • Introduction to financial reporting and statements
  • Balance sheet, income statement
  • Cash flow statement
  • Financial statement analysis
  • Cost concepts: Job costing
  • Activity-based costing, process costing
  • CVP analysis; decision making
2. Corporate Finance
  • Overview of corporate finance functions, financial markets, and Indian financial systems
  • Making capital investment decisions
  • Net present value and other investment rules
  • Introduction to risk and returns
  • Cost of capital: Theoretical background
  • Optimal capital structure
  • Working capital management
  • Dividend policy
3. Business Valuation
    Valuation of shares
  • Analysing risk in valuation, methods of calculating country risk premium
  • Forecasting cash flow structure of discounted cash flow valuation, detailed cash flow forecasts
  • Firm valuation models: Cost of capital and adjusted present value (APV) approach
  • Relative valuation equity multiples-P/E, PEG, P/BV, P/Sales, P/FCFE, etc.
  • Advantage of value multiples over equity multiples
  • Valuation using real options
  • Valuation-venture capitals
4. Bank Management
  • Banking and financial services industry
  • Financial statements and performance of banks, sources of bank statements
  • Retail banking liabilities, corporate banking activities on the asset side
  • Assessments of working capital loan products
  • Assessments of term loan products
Special Modules
1. Fixed Income Markets
  • Fixed income products and their valuation
  • Risk associated with fixed income markets
  • Term structure of interest rates
  • Spot rates, forward rates
  • Managing interest rate risk, duration, and convexity
  • Trading strategies in fixed income markets
  • Benchmark rates and indices
2. Investment Management
  • Risk and return estimation of risky assets
  • Portfolio formation
  • Asset pricing theories
  • Macroeconomics and fundamental analysis
  • Portfolio rotation strategies
  • Mutual funds, ETFs
  • Performance evaluation of a portfolio
3. Financial Derivatives
  • Introduction to derivatives
  • Mechanics of future markets
  • Hedging strategies using future tutorial
  • Determination of forward and future prices
  • Mechanics of option markets
  • Trading strategies involving options
  • Binomial tree and Black Scholes model
4. Alternative Investment and PE/VC
  • What is an alternative investment?
  • Environment of alternative investment
  • Portfolio optimisation
  • Traditional measures of performance
  • What is hedge fund? Concept of arbitrage
  • Short selling
  • Long/short equity
  • Various hedge fund investment strategies
  • Real assets: Nature, valuation and risk, commodities, real estate, and equity investments
  • Private equity
  • Structured products
  • High-frequency trading and liquidity
5. Financial Risk Management
  • Introduction to financial risk management
  • Market risk: Estimation of VaR and expected shortfall
  • Forex translations, transaction, and operating exposures
  • Exposure management, stress testing, and extreme value theory
  • Credit risk management
  • Understanding operational risk
  • Economic capital and RAROC
  • Basel regulations I, II, II.5 and III

Admission Criteria

  • Eligible candidates will be selected on the basis of assessment of educational and professional background and motivation based on the application form submitted
  • Senior applicants with experience will be preferred
  • Final selection will be done by IIM Calcutta

Fees

  • ₹4,41,000 + GST

Class Schedule

Sunday: 10.00am – 1.00pm

Certification* & Alumni Status

  • Candidates will successfully complete the programme if they have received ‘Poor’ grade in not more than two courses.
  • Successful candidates will receive a ‘Certificate of Completion’ from IIM Calcutta.
  • Those with requisite participation but unable to complete successfully will receive a ‘Certificate of Participation’.
  • Successful participants will also be accorded IIM Calcutta Executive Education Alumni status.

Disclaimer*: All certificate images are for illustrative purposes only and may be subject to change at the discretion of IIM Calcutta.

Applicants From Industries

Applicants Work Experience

Testimonials

Jairaj Bhagat

Financial Controller, Ravago Shah Polymers

“I am the financial controller at Ravago Shah Polymers, India. Being my first full time finance job, I was thrown into the finance ocean with no experience and only passion for numbers. This program was a perfect fit for me to attain core financial knowledge to grow in this field. With modules like business valuations, this course taught how I could do my day to day activities more efficiently and in a different way of course. A lot of new fields were taught which could be implemented in my daily work. To all the future participants, this course would be an ideal fit when you are in the finance field as it will only deepen your knowledge within this field. Please note that this would not be ideal for a first time in the finance field person as there are topics that are taught in depth.”

Aditi Gupta

Deputy Manager- Finance and Accounts, Advance Valves Group

“It was an incredible experience with IIM Calcutta and Times. Thankyou for supporting us in all the ways possible and helping us grow and keep shining always.”

Dr. Shikta Singh

Associate Professor and Area Head of Finance and Economics, School of Management, KIIT UNIVERSITY

“I serve as an Associate Professor with School of Management, KIIT UNIVERSITY . This Program is very well-crafted, which not only hones your skills but completely challenges your conventional wisdom. Continuous evaluation and challenging assignments helped me develop in-depth knowledge of the specific field pertaining to the subject of applied finance. Particularly the session on Technical analysis by Prof. Sudhakar Reddy was very interesting. It gave me an analytical mindset, which inculcated the ability to make creative & rational business decisions. Thank you, IIM Calcutta, for the enrichment, the empowerment & the enlightenment.”

Testimonials

“I am the financial controller at Ravago Shah Polymers, India. Being my first full time finance job, I was thrown into the finance ocean with no experience and only passion for numbers. This program was a perfect fit for me to attain core financial knowledge to grow in this field. With modules like business valuations, this course taught how I could do my day to day activities more efficiently and in a different way of course. A lot of new fields were taught which could be implemented in my daily work. To all the future participants, this course would be an ideal fit when you are in the finance field as it will only deepen your knowledge within this field. Please note that this would not be ideal for a first time in the finance field person as there are topics that are taught in depth.”

Jairaj Bhagat
Financial Controller
Ravago Shah Polymers

“It was an incredible experience with IIM Calcutta and Times. Thankyou for supporting us in all the ways possible and helping us grow and keep shining always.”

Aditi Gupta
Deputy Manager- Finance and Accounts
Advance Valves Group

“I serve as an Associate Professor with School of Management, KIIT UNIVERSITY . This Program is very well-crafted, which not only hones your skills but completely challenges your conventional wisdom. Continuous evaluation and challenging assignments helped me develop in-depth knowledge of the specific field pertaining to the subject of applied finance. Particularly the session on Technical analysis by Prof. Sudhakar Reddy was very interesting. It gave me an analytical mindset, which inculcated the ability to make creative & rational business decisions. Thank you, IIM Calcutta, for the enrichment, the empowerment & the enlightenment.”

Dr. Shikta Singh
Associate Professor and Area Head of Finance and Economics
School of Management, KIIT UNIVERSITY

Programme Director

Prof. Arnab Bhattacharya

Arnab Bhattacharya is an Associate Professor in the Finance and Control Group at IIM Calcutta. He is a B.Tech. (Hons.) in Mechanical Engineering from IIT Kharagpur and an MBA from IIM Ahmedabad. He has a Ph.D. (Fellowship) in Finance and Control from IIM Calcutta. Prior to joining IIM Calcutta, he was serving at IIM Indore as an Assistant Professor.

Read More >

He has taught courses in the areas of Corporate Finance, Investment Banking and Capital Markets, Financial Risk Management, Financial Econometrics, and Portfolio Analysis and Investment Management. His research interests are in the areas of Corporate Finance, Capital Markets, Market Microstructure, and Empirical Accounting Research.

His research articles have appeared in several peer-reviewed international journals. Prior to joining academia, he worked at UBS Securities as an Associate in the Investment Banking Division and at Tata-Hitachi Construction Machinery as a Production Engineer in their Assembly Operations Unit.

Prof. Sudhakara Reddy

Prof. Sudhakara Reddy is currently an Associate Professor in the Finance and Control Group of IIM Calcutta. He was a visiting scholar at the Whitman School of Management, Syracuse University. His teaching interests are in the areas of Corporate Finance, Financial Derivatives, Investment Analysis, and Portfolio Management. His current areas of research are Market Microstructure, Corporate Finance with an emphasis on corporate governance mechanisms, Initial Public Offerings, and primary capital markets, etc.

Read More >

He has conducted several MDPs for reputed companies and trained several faculty members in the area of research in financial economics and research methods. He has won a couple of research awards from reputed institutes, as well as the Best Faculty Award from the IBS Alumni Federation. He has participated in and presented papers at several international conferences.

He was the consulting editor of the IUP journal of Applied Finance and an ad hoc reviewer for the International Review of Economics & Finance, Pacific-Basin Finance Journal, Managerial Finance, International Journal of Managerial Finance, Emerging Markets Finance & Trade, and Emerging Markets Review.

Programme Director

Prof. Arnab Bhattacharya

Arnab Bhattacharya is an Associate Professor in the Finance and Control Group at IIM Calcutta. He is a B.Tech. (Hons.) in Mechanical Engineering from IIT Kharagpur and an MBA from IIM Ahmedabad. He has a Ph.D. (Fellowship) in Finance and Control from IIM Calcutta. Prior to joining IIM Calcutta, he was serving at IIM Indore as an Assistant Professor.

Read More >

He has taught courses in the areas of Corporate Finance, Investment Banking and Capital Markets, Financial Risk Management, Financial Econometrics, and Portfolio Analysis and Investment Management. His research interests are in the areas of Corporate Finance, Capital Markets, Market Microstructure, and Empirical Accounting Research.

His research articles have appeared in several peer-reviewed international journals. Prior to joining academia, he worked at UBS Securities as an Associate in the Investment Banking Division and at Tata-Hitachi Construction Machinery as a Production Engineer in their Assembly Operations Unit.

Prof. Sudhakara Reddy

Prof. Sudhakara Reddy is currently an Associate Professor in the Finance and Control Group of IIM Calcutta. He was a visiting scholar at the Whitman School of Management, Syracuse University. His teaching interests are in the areas of Corporate Finance, Financial Derivatives, Investment Analysis, and Portfolio Management. His current areas of research are Market Microstructure, Corporate Finance with an emphasis on corporate governance mechanisms, Initial Public Offerings, and primary capital markets, etc.

Read More >

He has conducted several MDPs for reputed companies and trained several faculty members in the area of research in financial economics and research methods. He has won a couple of research awards from reputed institutes, as well as the Best Faculty Award from the IBS Alumni Federation. He has participated in and presented papers at several international conferences.

He was the consulting editor of the IUP journal of Applied Finance and an ad hoc reviewer for the International Review of Economics & Finance, Pacific-Basin Finance Journal, Managerial Finance, International Journal of Managerial Finance, Emerging Markets Finance & Trade, and Emerging Markets Review.

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