With an estimated total size of 250 trillion dollars and rising, Capital markets around the world are now one of the most powerful global drivers of economic growth and wealth creation. At the same time, investors’ interest in investments especially equities and derivative markets is increasing due to exceptionally great performance delivered by equities and the lack of investment opportunities otherwise.
With this development, its impact on job markets is also phenomenal. Today, it is a common realization amongst finance professionals that like any other profession, a career in Capital markets also requires certain skill sets and some basic but specialized attributes. Today, a large portion of the talented workforce are looking to pursue careers in Capital markets and they are equipping themselves with CFA, FRM and other related Certifications to get their landing on the market floors. There has been a huge jump in the number of applications made to SEBI for licenses in the areas of Portfolio management, Alternative investments, and Investment advisories.
Based on these trends, the Capital Markets Career track Program at JAGSoM was launched in 2020. It is grounded in extensive research of the private sector job markets, and in the years of accumulated experience of the faculty members. The program aims to help students to develop their skills in capital markets while working on real time data, and back-testing of executable strategies. Infact, with a strong focus on portfolio management being developed through the program, selected participants manage real money funded by the institute in the SMIF (Student Managed Investment Fund) at JAGSoM to test and further enhance their fund management skills with real investments.
The Career Track comprises of four modules – Two from foundation to advanced knowledge of the Fundamentals of Portfolio management and Technical Analysis, and Two specialist level courses on Algo based trading and Alternative Investments including thorough understanding of hedge fund and private equity strategies. These modules cover everything from the provision of the quantitative tools to the fundamentals of analyzing equities and fixed income securities, and an in-depth analysis on the construction and management of a portfolios like a professional fund manager.
We invite you to go through the details of the Career Track in Capital Markets and we hope to partner with you to work on real life business problems through our Request for Problems (RFP) projects and Long duration Internships.
JAGSoM is distinguished by a unique Curriculum 4.0 aligned to the needs
of Industry 4.0. The Curriculum is designed to groom ‘T-shaped professionals’ for new-age roles
in new-age companies and is delivered through the unique pedagogy of ‘Learning by Solving’.
The PGDM program at JAGSoM is delivered by domain specialist faculty, with professional experience in the industry.
JAGSoM conducteda joint study in collaboration with the National Human Resource Development Network (NHRDN) to identify the unmet needs of the industry and the skills required for Industry 4.0.
The culmination and analysis of the results of the JAGSoM-NHRDN study
revealed that successful professionals of the future will be ‘T’ shaped professionals, combining
both a l wide breadth of knowledge across areas and in-depth knowledge in a specialised area.
The main focus of Curriculum 4.0 is to groom T-shaped professionals for new age roles in new age industries.
in the figure above, the top bar of the ‘T’ represents the broad skills such as the people
skills, the social skills, and an appreciation of multi-functional capabilities and how the
functional areas play among themselves.
The Practice Courses at JAGSoM form an important part of the pedagogical interventions and are accorded great priority. Almost one third of the total credits in the entire PGDM program is assigned to practice courses. The Practice Courses are ‘Hands – On’ and serve to ensure that students get ready for Industry 4.0.
The Majors, Minors and the Career Tracks make up the Vertical bar of the ‘T’.
In order to ensure that studentsare ready for Industry 4.0,Curriculum 4.0 includesCareer Tracks aligned to their professional goals. Students do a deep dive immersion in their Career Tracks to acquire the required competencies and critical skills to become industry ready.The Career Tracks enable the students to achieve depth of knowledge and skills in a specific area pertaining to Industry 4.0.
The Curriculum 4.0 of JAGSoM includes 4 Majors – Marketing, Finance, Analytics & Digital Business and HR, as well as 7 Career Tracks in MarTech, Sales & Service, FinTech, Capital Markets, Banking, Business Analytics and Digital HR.
JAGSoM’sCurriculum 4.0 is delivered through the unique pedagogy of
‘Learning by Solving’ where students work in groups to solve real life problems supported by
Industry partners and mentored by domain specialist faculty.
The pedagogy of ‘Learning by Solving’ is operationalized by an integrated pathway consisting of 3 Key Interventions, in which every student at JAGSoM’s PGDM program participates.
Research/Innovation Incubation (RI/II): Students work in small groups either on Research Projects or Start-Up Ideas, under the guidance of faculty mentors.
In the Research Incubation practice course, the focus is on research topics that impact practice where students get an in-depth understanding of various domains through sector and company analysis. The Innovation Incubation practice course is aimed at developing the entrepreneurial mindset of students and at providing them a structured path to creating and launching their own startups.
Career Track Program & Request for Problem (RFP) Project: The same student groups from the Research Incubation and Innovation Incubation practice courses then move on to work on a live industry project in the Career Track program. Students select a Career Track aligned to their professional goals and do a deep dive immersion to acquire the required competencies and critical skills to become industry ready. Career Tracks are offered to students in MarTech, Sales & Service, FinTech, Capital Markets, Banking, Business Analytics and HR-Digital Transformation.
The ‘Request for Problem’ (RFP) project is an integral component of the ‘Career Track’ Program. Each year, JAGSoM invites industry partners to refer business problems that they are currently facing which student consulting teams help to solve, each led by a fulltime faculty member (or an interdisciplinary team of faculty members).
Industry Internship Program (IIP): The final step in the pathway is a 3-month long Industry Internship where the students intern with new-age companies to get hands-on experience. The IIP is an intensive immersion, enabling the students to apply the domain knowledge acquired in Research/Innovation Incubation, Career Track and RFP projects, while also understanding real-world industry applications.
A life-skill and lifestyle-oriented course that addresses issues of wellness and essential skills, like communication, negotiation, and cross-cultural orientation, to groom a holistic individual.
Corporate mentors guide students in goal setting and realization of their professional aspirations.
This course aims at enhancing the ability of students to address the challenges of collaboration, conflict resolution, timely and cost-effective execution of critical activities to achieve specific milestones in institution building activities.
Students undertake immersions with NGOs in rural areas. Students learn to design solutions for social problems through a Techno Economic Viability study, thereby enabling sustainable, socially positive, and measurable impact on UN Sustainable Development Goals.
In the Research Incubation practice course, students work in small groups on Research Projects under the guidance of faculty mentors. The focus is on research topics that impact practice where students get an in-depth understanding of various domains through sector and company analysis.Thispractice course is featured by AACSB in the list of best practices in the Asia Pacific.
This course empowers the participants to develop an entrepreneurial mindset and enables them to tackle business problems & challenges through creativity and innovation.Students work in small groups on Start-Up Ideas under the guidance of faculty mentors.The Innovation Incubation practice course is aimed at developing the entrepreneurial mindset of students and at providing them a structured path to creating and launching their own startups.
The PGDM program concludes with this 3-month long internship providing a transitioning bridge between theory and practice. The Industry Internship Program (IIP) is the final component of the RI-RFP-IIP Integrated Pathway for ‘Learning by Solving’.
This Career Track will have four courses and a Capstone project (RFP).
Fundamental Analysis and Portfolio Management
Market Behaviour, Technical Analysis, and Derivatives
Alternative Investments and Commodities
The Capital Market Career Track has a tieup with LearnApp, an edtech company. They will be providing video based lectures and workshops which will be incorporated in the above mentioned four courses. LearnApp will also do certification test for students based on the chosen modules and only successful students will receive the certificates.
Preparatory Classes will be done through LearnApp. These are video classes with extensive pre-read material. LearnApp will also conduct 4 seminars for students – 2 in the month of July and 2 in the month of August. The videos will be accessible to the students for a period of 3 months.
Prof. Jitender is a prolific equity researcher, portfolio advisor and senior executive running financial organizations. He has over 16 years of experience in the fields of Equities, Mutual Funds, Derivatives, Fund Management, and Research with various financial firms including an Asset Management Company. He has also served as a Visiting Faculty to several tier-1 Management Institutes for more than ten years. Prof. Jitender holds CFA and FRM certification.
A very popular Professor in Finance Area, Dr. Bagga is a practicing Chartered Accountant, Financial Consultant, Auditor & Valuation Analyst, and Senior Partner at N.B. & Co., a CA firm. He is also a trainer with NISM, ICICI Securities, and Imarticus.
He is a Strategic HR Consultant, and Committee Member at ICAI, having a rich experience of more than 25 years.
Dr. Sasmita Giri has more than 12 years of teaching and research experience. She was awarded university Gold medal in MBA and attained JRF/NET certification by UGC. Her Doctoral thesis is on financial econometrics, titled ‘impact of introduction index futures on Indian stock market volatility: application of GARCH Model’. As an Associate Professor – Finance, she uses her knowledge and skills as well as various modern pedagogical methods in teaching and research.
Prof Pooja is an educator, case writer and researcher with more than 16 years of teaching experience at post graduate level. Her research interests are in the area of Corporate Finance, Corporate Governance, Behavioral Finance and Education. She has presented her research work in various National and International conferences. Prof Pooja is a prolific case writer and has received various national and international awards for her cases. Her cases have been published by Ivey Publishing are available through Harvard Business Publishing. She is a reviewer of reputed national / international journals.
Akhilesh Prasad has submitted his Doctoral Thesis titled “Multiclass imbalanced classification model for forecasting the movements of the CBOE VIX India” at S. P Jain School of Global Management – Dubai – Mumbai – Singapore – Sydney and is under review with External Examiner.
He is a Commodity Risk Manager at Tata Coffee Limited (Procurement ,Commodity Futures and Options, OTC derivatives, Data Analytics).
Mr. Vijay Kaushik is an enthusiastic, caring educator of Technical Analysis & Derivatives. An orator and subject matter expert on Equity, Commodity, Currency Market, Derivatives & Technical Analysis – Delivered around 750 lectures in various Corporate, PSUs, Exchanges, Institutions & Universities.
Trading Screeners for Equity
The objective of the study is to use technical indicators to screen stocks to ascertain if the stocks change their trend on an intra day or swing basis. The group used the application of Python to create the source code which ran the functions from various libraries to back test on 6 years of data of the pre-defined stock universe.
Masters Portfolio services
Quantitative portfolio management using ML
Created a long, short momentum portfolio of stocks in Indian markets which have futures trading. 2. Apply some fundamental filters also to sort the stocks first and then apply momentum using ML.
Swing trading strategies for the Indian Equity market
The group created, tested, and paper-traded a systematic investment/trading strategy using Python and its data science stack. The group prepared and submitted a report with details on the data set used, techniques deployed, and detailed results obtained on in-sample and out-of-sample data.
Quantum Momentum strategies
The group Created a long-only and a long-short momentum portfolio of stocks and created three different models that try to capture momentum in the market using the following approaches.
1. Technical indicators
2. Time series returns
3. Cross sectional returns and Uses ranking algorithms to rank the instruments for trading.
Analysis of Indian futures Market
The group analysed how the futures market characteristics have changed over time i.e., pre covid & post covid with specific reference to select Nifty 50 & Bank Nifty stocks. The group used python to source the past 5-year data.