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MBA in Accounting Finance at INDIAN INSTITUTE OF MANAGEMENT RANCHI

Indian Institute of Management Ranchi is a premier autonomous institution in Jharkhand, established in 2009. Recognized for academic excellence, IIM Ranchi offers flagship MBA, MBA-HRM, MBA-BA, and IPM programs. Ranked 17th in NIRF 2024 Management, it boasts strong placements with the highest domestic CTC of Rs 50.39 LPA in 2024-25.

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Ranchi, Jharkhand

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About the Specialization

What is Accounting & Finance at INDIAN INSTITUTE OF MANAGEMENT RANCHI Ranchi?

This Accounting & Finance program at IIM Ranchi focuses on developing skilled professionals for India''''s dynamic financial sector. It delves into advanced concepts of financial management, investment strategies, and rigorous accounting practices, uniquely tailored to the evolving Indian economy. The curriculum emphasizes both theoretical depth and practical applications, preparing students for diverse roles in finance and accounting.

Who Should Apply?

This program is ideal for fresh graduates seeking entry into investment banking, equity research, or corporate finance roles in India. It also suits working professionals looking to upskill in financial analytics, risk management, or forensic accounting. Individuals with a strong quantitative aptitude and a desire to contribute to India''''s burgeoning financial markets would find this specialization highly rewarding.

Why Choose This Course?

Graduates of this program can expect to pursue lucrative India-specific career paths such as financial analysts, portfolio managers, corporate treasurers, and auditors. Entry-level salaries typically range from INR 10-20 lakhs per annum, with significant growth trajectories in leading Indian banks, NBFCs, and consulting firms. The program also aligns with foundational knowledge for professional certifications like CFA and CA.

Student Success Practices

Foundation Stage

Master Core Financial & Quantitative Concepts- (Semester 1-2)

Dedicate time to thoroughly understand foundational subjects like Financial Accounting, Corporate Finance, and Quantitative Methods. Regularly solve case studies and problems to reinforce learning. Form study groups with peers to discuss complex topics and clarify doubts, building a strong academic base for advanced courses.

Tools & Resources

Textbooks, Harvard Business Review cases, Excel for financial calculations, IIM Ranchi library resources

Career Connection

A strong grasp of fundamentals is crucial for excelling in summer internships and forms the bedrock for specialized roles in finance and accounting.

Develop Advanced Spreadsheet Modeling Skills- (Semester 1-2)

Beyond basic managerial computing, actively seek out workshops or online courses to build expertise in financial modeling using Excel. Practice building valuation models, financial forecasts, and scenario analyses. This practical skill is highly valued across all finance roles.

Tools & Resources

Microsoft Excel, online courses like Coursera/edX on financial modeling, WallStreetMojo tutorials

Career Connection

Proficiency in financial modeling is a non-negotiable skill for investment banking, equity research, and corporate finance positions, directly impacting placement prospects.

Engage with Business News and Market Trends- (Semester 1-2)

Regularly read financial newspapers (e.g., Economic Times, Business Standard) and follow reputable financial news channels. Understand current economic events, regulatory changes, and company news in India. This builds commercial awareness and contextualizes classroom learning.

Tools & Resources

The Economic Times, Livemint, BloombergQuint, Moneycontrol app, business magazines

Career Connection

Demonstrating market awareness is vital for interviews and helps in making informed career decisions and identifying industry opportunities.

Intermediate Stage

Pursue a Finance/Accounting Focused Summer Internship- (After Semester 3)

Actively seek and secure a summer internship in a financial institution, consulting firm, or corporate finance department. Focus on gaining hands-on experience in areas like financial analysis, market research, or audit support. Leverage IIM Ranchi''''s career services for opportunities.

Tools & Resources

IIM Ranchi Placement Cell, LinkedIn, Internshala

Career Connection

A relevant summer internship provides practical exposure, enhances resume value, and often leads to Pre-Placement Offers (PPOs), significantly boosting final placements.

Participate in Finance Competitions and Certifications- (Semester 3-5)

Join inter-B-school finance and accounting competitions, case study challenges, or virtual trading games. Consider preparing for foundational certifications like NISM modules or beginning the CFA program (Level I). This deepens knowledge and builds a competitive edge.

Tools & Resources

CFA Institute, NISM certifications, various B-school finance clubs, national case competitions

Career Connection

Participation showcases initiative, practical skills, and commitment to the field, making candidates more attractive to recruiters, especially in India''''s competitive job market.

Network with Industry Professionals and Alumni- (Semester 3-5)

Attend industry seminars, webinars, and alumni meet-ups organized by the institute. Reach out to professionals in desired roles via LinkedIn for informational interviews. Building a strong professional network is critical for mentorship and job opportunities in India.

Tools & Resources

LinkedIn, IIM Ranchi Alumni network, industry events in major Indian cities (Mumbai, Bangalore, Delhi)

Career Connection

Networking opens doors to hidden job markets, provides industry insights, and can lead to referrals for coveted positions.

Advanced Stage

Specialize through Electives and Advanced Projects- (Semester 4-6)

Strategically choose electives that align with your specific career goals within Accounting & Finance (e.g., Investment Banking, Risk Management, Forensic Accounting). Undertake advanced research projects or dissertations in your chosen niche to demonstrate expertise.

Tools & Resources

Elective course offerings, faculty advisors, academic journals, financial databases like Bloomberg Terminal (if available)

Career Connection

Deep specialization through electives and projects makes you a preferred candidate for highly specialized roles and accelerates career progression.

Intensive Placement Preparation and Mock Interviews- (Semester 5-6)

Engage in rigorous preparation for final placements, including aptitude tests, group discussions, and multiple rounds of mock interviews. Focus on company-specific knowledge, behavioral questions, and technical finance concepts. Utilize the placement cell''''s resources extensively.

Tools & Resources

Placement Cell workshops, mock interview panels, online aptitude test platforms, current affairs digests

Career Connection

Effective preparation is paramount for converting placement opportunities into job offers from top-tier companies in India.

Develop Leadership and Teamwork through Clubs and Initiatives- (Semester 4-6)

Actively lead or participate in student clubs related to finance (e.g., ''''FinSIGHT'''' at IIM Ranchi) or take on leadership roles in institute-level committees. These experiences hone leadership, teamwork, and communication skills, which are highly valued by employers.

Tools & Resources

IIM Ranchi student clubs and committees, inter-B-school events

Career Connection

Demonstrated leadership and collaborative skills are crucial for managerial roles and signify readiness for greater responsibilities in the corporate world.

Program Structure and Curriculum

Eligibility:

  • Bachelor''''s Degree with at least 50% marks or equivalent CGPA (45% for SC, ST, PwD categories) from any recognized university. Candidates appearing for final year examination may also apply. A valid CAT score is mandatory. Academic record, work experience, and performance in Personal Interview (PI) are also considered.

Duration: 2 years (6 trimesters)

Credits: 138 Credits

Assessment: Assessment pattern not specified

Semester-wise Curriculum Table

Semester 1

Subject CodeSubject NameSubject TypeCreditsKey Topics
BP01Managerial EconomicsCore3Microeconomic Foundations, Demand and Supply Analysis, Consumer Behavior, Production and Cost Analysis, Market Structures, Pricing Strategies
BP02Organizational BehaviorCore3Individual Behavior, Group Dynamics, Leadership Theories, Motivation in Organizations, Organizational Culture, Conflict Management
BP03Quantitative Methods – ICore3Descriptive Statistics, Probability Theory, Probability Distributions, Sampling Techniques, Hypothesis Testing, Correlation and Regression
BP04Financial AccountingCore3Accounting Concepts and Principles, Financial Statements, Recording Business Transactions, Inventory and Depreciation, Cash Flow Statements, Introduction to Financial Analysis
BP05Marketing Management – ICore3Marketing Environment, Consumer Behavior, Market Segmentation, Targeting and Positioning, Product Decisions, Branding Strategies
BP06Operations Management – ICore3Operations Strategy, Process Analysis and Design, Capacity Planning, Inventory Management, Quality Management, Supply Chain Introduction
BP07Business CommunicationCore3Communication Process, Oral Communication Skills, Written Communication, Presentation Techniques, Intercultural Communication, Negotiation Skills
BP08Legal Aspects of BusinessCore3Indian Contract Act, Sale of Goods Act, Consumer Protection Act, Company Law Overview, Intellectual Property Rights, Cyber Laws
BP09Managerial ComputingCore3Spreadsheet Modeling, Data Visualization Tools, Database Management Basics, Introduction to Python for Business, Business Analytics Applications, Data Handling Techniques

Semester 2

Subject CodeSubject NameSubject TypeCreditsKey Topics
BP10Quantitative Methods – IICore3Advanced Regression Analysis, Time Series Analysis, Forecasting Techniques, Decision Theory, Linear Programming, Simulation Modeling
BP11MicroeconomicsCore3General Equilibrium Theory, Welfare Economics, Game Theory, Economics of Information, Market Failures, Public Goods and Externalities
BP12Human Resource ManagementCore3HR Planning, Recruitment and Selection, Training and Development, Performance Management, Compensation and Benefits, Industrial Relations
BP13Corporate FinanceCore3Financial Goals and Strategy, Capital Budgeting Decisions, Cost of Capital, Working Capital Management, Dividend Policy, Capital Structure Decisions
BP14Marketing Management – IICore3Pricing Strategies, Distribution Channels, Promotion Mix, Digital Marketing, Marketing Analytics, Global Marketing Strategies
BP15Operations Management – IICore3Project Management, Lean Operations, Six Sigma Methodology, Supply Chain Analytics, Logistics and Warehousing, Sourcing and Procurement
BP16Business Research MethodsCore3Research Design, Data Collection Methods, Sampling Techniques, Questionnaire Design, Data Analysis Tools, Report Writing
BP17Indian Economy and PolicyCore3Macroeconomic Indicators, Fiscal Policy in India, Monetary Policy, Trade Policy and Liberalization, Sectoral Reforms, Challenges of Indian Economy
BP18Strategic ManagementCore3Strategic Analysis Frameworks, Vision and Mission Statements, Environmental Scanning, SWOT Analysis, Generic Strategies, Corporate and Business Strategy

Semester 3

Subject CodeSubject NameSubject TypeCreditsKey Topics
BP19Business Ethics and SustainabilityCore3Ethical Theories in Business, Corporate Governance, Corporate Social Responsibility, Environmental Sustainability, Stakeholder Management, Ethical Decision Making
BP20Management Information SystemsCore3IT Strategy and Business Value, Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Supply Chain Management (SCM) Systems, Business Intelligence, Cybersecurity Fundamentals
BP21Analytics for Business DecisionsCore3Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, Data Mining Techniques, Machine Learning Basics, Decision Modeling
BP22Financial Markets and ServicesCore3Financial System Overview, Money Market Operations, Capital Market Instruments, Derivatives Market, Banking and Insurance Services, Investment Banking Functions
BP23International BusinessCore3Globalization and Trade Theories, Foreign Exchange Markets, Foreign Direct Investment (FDI), International Marketing, Global Supply Chain Management, Cross-Cultural Management
BP24Business AnalyticsCore3Data Warehousing, Online Analytical Processing (OLAP), Big Data Technologies, Business Intelligence Dashboards, Predictive Modeling, Text Mining for Business
BP25Innovation and EntrepreneurshipCore3Innovation Process, Business Idea Generation, Startup Ecosystem, Business Model Canvas, Venture Capital and Funding, Growth Strategies for Startups
BP26Project ManagementCore3Project Life Cycle, Project Planning and Scheduling, Risk Management in Projects, Resource Allocation, Project Control and Monitoring, Agile Project Management
BP27Strategic Financial ManagementCore3Advanced Capital Budgeting, Mergers and Acquisitions, Corporate Restructuring, Business Valuation, Risk Management in Finance, International Financial Strategies
BP28Summer Internship ProjectProject3Project Formulation, Data Collection and Analysis, Problem Solving, Report Writing, Presentation Skills, Industry Exposure

Semester 4

Subject CodeSubject NameSubject TypeCreditsKey Topics
FE01Behavioral FinanceElective3Cognitive Biases, Heuristics in Finance, Prospect Theory, Market Anomalies, Investor Psychology, Behavioral Corporate Finance
FE02Financial DerivativesElective3Futures Markets, Options Contracts, Swaps and Forwards, Option Pricing Models, Hedging Strategies, Risk Management with Derivatives
FE03Equity Valuation and Investment DecisionsElective3Financial Statement Analysis, Valuation Models (DCF, Relative), Equity Research Process, Portfolio Construction, Investment Strategies, Fundamental Analysis
FE04Fixed Income SecuritiesElective3Bond Market Structure, Yield Curve Analysis, Interest Rate Risk, Credit Risk Assessment, Securitization, Bond Portfolio Management
FE05Financial ModelingElective3Spreadsheet Functions for Finance, Financial Statement Projection, Valuation Models, Scenario and Sensitivity Analysis, Model Auditing, Advanced Excel Applications
FE06International Financial ManagementElective3Foreign Exchange Markets, Exchange Rate Risk Management, International Capital Budgeting, Cross-border Mergers, MNC Financing, International Portfolio Diversification
FE07Investment Banking and Financial ServicesElective3Mergers and Acquisitions Advisory, Initial Public Offering Process, Private Equity and Venture Capital, Project Finance, Wealth Management, Financial Intermediation
FE08Risk Management in Financial InstitutionsElective3Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Regulatory Compliance (Basel), Enterprise Risk Management
FE09Mergers & Acquisitions and Corporate RestructuringElective3M&A Strategy, Valuation in M&A, Deal Structuring, Due Diligence Process, Leveraged Buyouts, Post-merger Integration
FE10Advanced Corporate FinanceElective3Agency Theory, Capital Structure Decisions, Payout Policy, Corporate Governance, Advanced Valuation Techniques, Real Options
FE11Portfolio ManagementElective3Modern Portfolio Theory, Asset Allocation Strategies, Portfolio Optimization, Performance Evaluation, Behavioral Portfolio Theory, Factor Models
FE12Fintech and Digital FinanceElective3Blockchain Technology, Cryptocurrencies, AI in Finance, Robo-Advisors, Digital Payments, Peer-to-Peer Lending, Insurtech
FE13Financial EconometricsElective3Time Series Models, Panel Data Analysis, Volatility Models (ARCH/GARCH), Factor Investing, Event Study Methodology, Empirical Finance Applications
FE14Personal Financial PlanningElective3Financial Goal Setting, Investment Planning, Retirement Planning, Insurance Needs Analysis, Estate Planning, Tax Optimization Strategies
AE01Forensic Accounting and Fraud ExaminationElective3Fraud Schemes and Prevention, Forensic Investigation Techniques, Digital Forensics in Accounting, Financial Statement Fraud, Expert Witness Testimony, Legal Aspects of Fraud
AE02Management Accounting and Control SystemsElective3Cost Management Systems, Budgeting and Variance Analysis, Performance Measurement, Transfer Pricing, Activity-Based Costing, Responsibility Accounting
AE03Advanced Financial ReportingElective3IFRS and Ind AS Standards, Consolidated Financial Statements, Revenue Recognition, Lease Accounting, Financial Instruments, Business Combinations
AE04Corporate TaxationElective3Income Tax Act Provisions, Corporate Tax Planning, Goods and Services Tax (GST), International Taxation, Tax Compliance, Transfer Pricing Regulations
AE05Data Analytics in AccountingElective3Data Visualization for Accounting, Audit Analytics, Predictive Accounting, Robotic Process Automation, Fraud Analytics, Data Governance in Finance
AE06Auditing and Assurance ServicesElective3Auditing Standards, Internal Control Systems, Audit Planning and Evidence, Audit Reports, Forensic Auditing, Internal Audit Practices

Semester 5

Subject CodeSubject NameSubject TypeCreditsKey Topics
FE01Behavioral FinanceElective3Cognitive Biases, Heuristics in Finance, Prospect Theory, Market Anomalies, Investor Psychology, Behavioral Corporate Finance
FE02Financial DerivativesElective3Futures Markets, Options Contracts, Swaps and Forwards, Option Pricing Models, Hedging Strategies, Risk Management with Derivatives
FE03Equity Valuation and Investment DecisionsElective3Financial Statement Analysis, Valuation Models (DCF, Relative), Equity Research Process, Portfolio Construction, Investment Strategies, Fundamental Analysis
FE04Fixed Income SecuritiesElective3Bond Market Structure, Yield Curve Analysis, Interest Rate Risk, Credit Risk Assessment, Securitization, Bond Portfolio Management
FE05Financial ModelingElective3Spreadsheet Functions for Finance, Financial Statement Projection, Valuation Models, Scenario and Sensitivity Analysis, Model Auditing, Advanced Excel Applications
FE06International Financial ManagementElective3Foreign Exchange Markets, Exchange Rate Risk Management, International Capital Budgeting, Cross-border Mergers, MNC Financing, International Portfolio Diversification
FE07Investment Banking and Financial ServicesElective3Mergers and Acquisitions Advisory, Initial Public Offering Process, Private Equity and Venture Capital, Project Finance, Wealth Management, Financial Intermediation
FE08Risk Management in Financial InstitutionsElective3Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Regulatory Compliance (Basel), Enterprise Risk Management
FE09Mergers & Acquisitions and Corporate RestructuringElective3M&A Strategy, Valuation in M&A, Deal Structuring, Due Diligence Process, Leveraged Buyouts, Post-merger Integration
FE10Advanced Corporate FinanceElective3Agency Theory, Capital Structure Decisions, Payout Policy, Corporate Governance, Advanced Valuation Techniques, Real Options
FE11Portfolio ManagementElective3Modern Portfolio Theory, Asset Allocation Strategies, Portfolio Optimization, Performance Evaluation, Behavioral Portfolio Theory, Factor Models
FE12Fintech and Digital FinanceElective3Blockchain Technology, Cryptocurrencies, AI in Finance, Robo-Advisors, Digital Payments, Peer-to-Peer Lending, Insurtech
FE13Financial EconometricsElective3Time Series Models, Panel Data Analysis, Volatility Models (ARCH/GARCH), Factor Investing, Event Study Methodology, Empirical Finance Applications
FE14Personal Financial PlanningElective3Financial Goal Setting, Investment Planning, Retirement Planning, Insurance Needs Analysis, Estate Planning, Tax Optimization Strategies
AE01Forensic Accounting and Fraud ExaminationElective3Fraud Schemes and Prevention, Forensic Investigation Techniques, Digital Forensics in Accounting, Financial Statement Fraud, Expert Witness Testimony, Legal Aspects of Fraud
AE02Management Accounting and Control SystemsElective3Cost Management Systems, Budgeting and Variance Analysis, Performance Measurement, Transfer Pricing, Activity-Based Costing, Responsibility Accounting
AE03Advanced Financial ReportingElective3IFRS and Ind AS Standards, Consolidated Financial Statements, Revenue Recognition, Lease Accounting, Financial Instruments, Business Combinations
AE04Corporate TaxationElective3Income Tax Act Provisions, Corporate Tax Planning, Goods and Services Tax (GST), International Taxation, Tax Compliance, Transfer Pricing Regulations
AE05Data Analytics in AccountingElective3Data Visualization for Accounting, Audit Analytics, Predictive Accounting, Robotic Process Automation, Fraud Analytics, Data Governance in Finance
AE06Auditing and Assurance ServicesElective3Auditing Standards, Internal Control Systems, Audit Planning and Evidence, Audit Reports, Forensic Auditing, Internal Audit Practices

Semester 6

Subject CodeSubject NameSubject TypeCreditsKey Topics
FE01Behavioral FinanceElective3Cognitive Biases, Heuristics in Finance, Prospect Theory, Market Anomalies, Investor Psychology, Behavioral Corporate Finance
FE02Financial DerivativesElective3Futures Markets, Options Contracts, Swaps and Forwards, Option Pricing Models, Hedging Strategies, Risk Management with Derivatives
FE03Equity Valuation and Investment DecisionsElective3Financial Statement Analysis, Valuation Models (DCF, Relative), Equity Research Process, Portfolio Construction, Investment Strategies, Fundamental Analysis
FE04Fixed Income SecuritiesElective3Bond Market Structure, Yield Curve Analysis, Interest Rate Risk, Credit Risk Assessment, Securitization, Bond Portfolio Management
FE05Financial ModelingElective3Spreadsheet Functions for Finance, Financial Statement Projection, Valuation Models, Scenario and Sensitivity Analysis, Model Auditing, Advanced Excel Applications
FE06International Financial ManagementElective3Foreign Exchange Markets, Exchange Rate Risk Management, International Capital Budgeting, Cross-border Mergers, MNC Financing, International Portfolio Diversification
FE07Investment Banking and Financial ServicesElective3Mergers and Acquisitions Advisory, Initial Public Offering Process, Private Equity and Venture Capital, Project Finance, Wealth Management, Financial Intermediation
FE08Risk Management in Financial InstitutionsElective3Market Risk, Credit Risk, Operational Risk, Liquidity Risk, Regulatory Compliance (Basel), Enterprise Risk Management
FE09Mergers & Acquisitions and Corporate RestructuringElective3M&A Strategy, Valuation in M&A, Deal Structuring, Due Diligence Process, Leveraged Buyouts, Post-merger Integration
FE10Advanced Corporate FinanceElective3Agency Theory, Capital Structure Decisions, Payout Policy, Corporate Governance, Advanced Valuation Techniques, Real Options
FE11Portfolio ManagementElective3Modern Portfolio Theory, Asset Allocation Strategies, Portfolio Optimization, Performance Evaluation, Behavioral Portfolio Theory, Factor Models
FE12Fintech and Digital FinanceElective3Blockchain Technology, Cryptocurrencies, AI in Finance, Robo-Advisors, Digital Payments, Peer-to-Peer Lending, Insurtech
FE13Financial EconometricsElective3Time Series Models, Panel Data Analysis, Volatility Models (ARCH/GARCH), Factor Investing, Event Study Methodology, Empirical Finance Applications
FE14Personal Financial PlanningElective3Financial Goal Setting, Investment Planning, Retirement Planning, Insurance Needs Analysis, Estate Planning, Tax Optimization Strategies
AE01Forensic Accounting and Fraud ExaminationElective3Fraud Schemes and Prevention, Forensic Investigation Techniques, Digital Forensics in Accounting, Financial Statement Fraud, Expert Witness Testimony, Legal Aspects of Fraud
AE02Management Accounting and Control SystemsElective3Cost Management Systems, Budgeting and Variance Analysis, Performance Measurement, Transfer Pricing, Activity-Based Costing, Responsibility Accounting
AE03Advanced Financial ReportingElective3IFRS and Ind AS Standards, Consolidated Financial Statements, Revenue Recognition, Lease Accounting, Financial Instruments, Business Combinations
AE04Corporate TaxationElective3Income Tax Act Provisions, Corporate Tax Planning, Goods and Services Tax (GST), International Taxation, Tax Compliance, Transfer Pricing Regulations
AE05Data Analytics in AccountingElective3Data Visualization for Accounting, Audit Analytics, Predictive Accounting, Robotic Process Automation, Fraud Analytics, Data Governance in Finance
AE06Auditing and Assurance ServicesElective3Auditing Standards, Internal Control Systems, Audit Planning and Evidence, Audit Reports, Forensic Auditing, Internal Audit Practices
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