Capital Markets, valued at $250 trillion, drive economic growth, creating a demand for skilled professionals in the Capital Markets Career Track Program at JAGSoM.
The course will be delivered in two parts. In the first part it covers the breadth of derivatives starting from the basics – types of derivatives, regulations related to these instruments, forwards versus futures – commodity futures, index and currency futures, and introduction to hedging. Similarly, it will also cover the basics of different types of options, their payoffs, and trading strategies.
Part 2 of this course complements the first pa course and covers the advanced usage of option pricing models like the Binomial and Black-Scholes models. The course will focus on understanding price volatility, price sensitivities (Greeks), interest rates and swaps, forward rate agreements, and credit derivatives. It will also train participants to build advanced options strategies used by big traders and hedge funds.
The focus is on understanding various approaches to valuation and their importance in building a business plan, making investment decisions and in the world of mergers & acquisitions. It covers the lifecycle analysis of a venture-funded company, regulatory aspects around a Private Equity Fund, documentation requirements of a Private Equity Fund, its day-to-day operations, and the entire life cycle of the Fund.
The valuation methodologies covered in this course would include cashflow based (DCF), relative valuation (multiples), and transactional methods to provide a complete toolkit required by a student entering the world of Private Equity, Investment Banking, and AIFs.
The focus is on understanding the basics of managing risks like interest rate risk, market risk, credit risk, as well as operational risk. It will also include studying the balance sheet of a company to understand liquidity risk, Asset‐Liability Management (ALM), and to understand the aspects of treasury management of a company or a financial institution. It also details how traders and MNCs manage their financial exposure and market risks by hedging forwards, futures, options, and swaps.
It provides hands-on exposure to online trading systems and back-testing of various strategies learned. Also, it will help the participants understand the application of trading techniques, designing trading strategies, generating entry/exit points, and using the Bloomberg terminal and other popular back-testing tools.
The course includes an analysis of financial statements, including an in-depth understanding of the quality of earnings and window dressing to use in stock selection and building portfolios. The course would cover aspects of funds management and types of portfolios (Bond, equity, and balanced). It would also equip participants to perform portfolio performance analysis using ratios such as the Sharpe ratio, Treynor ratio, Jensen’s alpha, etc.
This course focuses on aspects of price chart analysis, behaviour finance, and market anomalies. It trains the participants to analyse patterns in price charts and execute trading strategies based on such patterns. The student is also trained in AMI Broker through AFL Language, Trading View’s charts, and Pine Script for building technical indicators. These skills will help them build optimal derivative strategies- spread trading, arbitrage and hedging.
The course discusses investments in bonds, commodity markets, and other alternative investment avenues like investment in Gold, government, green, and corporate bonds. It introduces the participants to REITs & working, the structure of Alternative Investment Funds, Funds of funds, and international funds. It also discusses ETFs (GOLD, Index, Bonds, ESG), hedge funds, etc.
The course discusses investments in bonds, commodity markets, and other alternative investment avenues like investment in Gold, government, green, and corporate bonds. It introduces the participants to REITs & working, the structure of Alternative Investment Funds, Funds of funds, and international funds. It also discusses ETFs (GOLD, Index, Bonds, ESG), hedge funds, etc.
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| S.No. | Course Type | Course Name | Course Snapshot |
|---|---|---|---|
| 1 | Elective | Financial Systems And Markets | |
| 2 | Elective | Corporate Taxation | The course starts with the basics of taxation and covers corporate tax (direct) as well as Goods & Service Tax (indirect), computation of taxable income and cover aspects of corporate tax planning. |
| 3 | Elective | Corporate And Retail Banking | The course covers the breadth of corporate and retail banking services offered by banks – fund-based and non-fund based. The process of credit appraisal and credit monitoring is covered in depth. There is coverage of Project Appraisals and also non-fund based export finance and buyer’s & supplier’s credit facilities offered by banks. The loan covenants, risk profiling and credit risk management are covered. On Retail Banking, the types of products, credit appraisal and other services are covered as well. |
| 4 | Elective | Wealth Management | The course proposes to provide students with an insight into perspectives, principles, and practices of the personal financial planning industry, examine the present status and developments that are taking place in the personal financial planning industry and to inculcate among the students the application of personal financial planning process in an understandable, step–by–step format. |
| 5 | Elective | Business Valuation And Pvt. Equity | The course covers approaches to valuation, dilution and anti-dilution and the importance of a business plan. It covers the lifecycle of a venture- funded company, regulatory aspects around a Private Equity Fund, documentation requirements of a PE Fund, day-to-day operations and the entire life cycle of a Private Equity Fund.>/p> Valuation includes cashflow based (DCF), relative valuation (multiples) and market transaction method to provide a complete toolkit required by a student entering the world of Private Equity and AIFs. |
| 6 | Elective | Security Analysis & Portfolio Management |
Familiarizing the students with modern portfolio analysis in the context of the Capital markets. This includes understanding the difference between Investment and Speculation, Fundamental vs Technical Analysis, Efficient Market hypothesis, Technical Analysis like Dow and Elliott Wave theory, and price movement indicators. This course also covers Stock Valuation using different methods like DCF, multiples etc. and under different conditions like inflation. Similar performance for Bond Yields (and pricing), modern portfolio theory and portfolio performance evaluation of mutual funds. |
| 7 | Elective | Investment Banking And M&A | The course outlines the necessary knowledge areas of Investment Banking starting with Core and Allied Areas (Mutual Funds, Alternate Investment Funds). Domestic Issue management from the types of issues, the role of an investment bank and SEBI Regulations are covered in depth including assignments to pitch as an Investment Banker. Types of equity and debt instruments in India and overseas markets are covered as also Private Placements and Underwriting. ADR / GDR as well as FCCBs and External Commercial Borrowings are covered with adequate sessions to ensure the student understands all aspects of what an Investment or Merchant Bank does today. M&A is a time-tested strategy for businesses to grow. This course allows the students to understand and appreciate the reasons behind the corporate’s need to acquire or merge. The course dwells on issues related to the valuation and financing of businesses and also introduces the students to divestitures. |
| 8 | Elective | Fundamentals Of Derivatives |
This course covers the breadth of derivatives starting from basics – types of derivatives, where traded (OTC vs Exchange), regulations related to these instruments, forwards versus futures – commodity futures, index and currency futures and introduction to hedging. Similarly, type of options – stock, currency and their payoffs and trading strategies. Use of Option Pricing models like Binomial, Black-Scholes, volatility, price sensitivities (Greeks of Options), interest rate and currency swaps, forward rate agreements and credit derivatives. Understanding Value at Risk models. |
| S.No. | Name of Core Course | Course Snapshot |
|---|---|---|
| 1 | Corporate Finance | Students are inducted into the various finance functions and how this maps vis-à-vis business goals and shareholder value creation. Techniques of valuation like Discounted cash flow techniques and their various applications, including applications for capital investment decisions and valuation of bonds/stocks, cost of capital estimation, capital structure planning and dividend decision are taught. Raising funds in the domestic and international markets and the basics of mergers, acquisitions, and corporate restructuring are covered. |
| 2 | Managerial Accounting | The objectives of this course are to demonstrate the role of Cost Accounting and Management Accounting as means to ascertain costs and take some key decisions for taking the business towards profitability, and to lay a foundation for developing their skills in decision making using financial data. The course acquaints participants in brief with cost and management accounting mechanics, processes, and systems, but the emphasis is laid on sound concepts and their managerial implications that will help in reducing the cost and increasing profits. Participants learn about Decision making skills regarding costing; arriving at the Break Even Point; make or buy decisions; budgeting; and implementing ABC in a company. |
JAGSoM is amongst the select few Business Schools in India with an International Profile: AACSB Accredited & QS Ranked for Marketing, Finance and Analytics programs.
