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MBA in Accounting And Finance at Indian Institute of Technology Kanpur
Kanpur Nagar, Uttar Pradesh
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About the Specialization
What is Accounting and Finance at Indian Institute of Technology Kanpur Kanpur Nagar?
This Accounting and Finance specialization, offered through elective courses within the general MBA program at IIT Kanpur, focuses on equipping students with deep analytical and strategic financial decision-making skills. It integrates core financial principles with advanced accounting practices, preparing graduates for dynamic roles in India''''s rapidly evolving financial sector. The program emphasizes both theoretical rigor and practical application relevant to the Indian industry context, differentiating it through a strong quantitative foundation.
Who Should Apply?
This program is ideal for fresh graduates from engineering, commerce, or science backgrounds seeking entry into the finance industry, as well as working professionals aiming to upskill in financial analysis, corporate finance, or investment management. It also attracts career changers transitioning into the financial sector, particularly those with a strong analytical aptitude and an interest in Indian capital markets and corporate finance functions.
Why Choose This Course?
Graduates of this program can expect to pursue India-specific career paths in investment banking, corporate finance, equity research, financial analysis, and portfolio management within top Indian and multinational companies. Entry-level salaries typically range from INR 12-20 LPA, with experienced professionals commanding significantly higher packages. The curriculum is designed to align with professional certifications like CFA and FRM, enhancing growth trajectories in Indian financial institutions and consulting firms.
Student Success Practices
Foundation Stage
Master Core Business Fundamentals- (Trimester 1-2)
Dedicate significant effort to thoroughly understand core MBA subjects like Financial Accounting, Managerial Economics, and Business Statistics. Build a strong conceptual base, as these subjects form the bedrock for advanced finance and accounting concepts. Utilize recommended textbooks and engage actively in class discussions to solidify understanding.
Tools & Resources
Official textbooks, Class notes, Study groups, Library resources
Career Connection
A strong foundation in core business principles is crucial for comprehending complex financial scenarios and making informed business decisions, essential for any finance role.
Develop Analytical and Quantitative Skills- (Trimester 1-2)
Enhance quantitative aptitude through practice with real-world datasets and case studies. Focus on statistical tools, financial modeling, and data interpretation techniques. Actively participate in quantitative assignments and quizzes to refine problem-solving abilities critical for financial analysis roles.
Tools & Resources
Microsoft Excel, R/Python basics for data analysis, Case studies from Harvard Business Publishing, Quantitative aptitude guides
Career Connection
Proficiency in analytical and quantitative skills is highly valued in finance, directly impacting success in roles like financial modeling, equity research, and risk management.
Engage in Peer Learning and Case Studies- (Trimester 1-2)
Form study groups with diverse academic backgrounds to discuss complex topics and work through case studies. This collaborative environment fosters different perspectives, improves problem-solving skills, and enhances communication, all vital for teamwork in the financial industry. Participate in internal case competitions.
Tools & Resources
Student study groups, Online case study platforms, IITK MBA case competition events
Career Connection
Teamwork and effective communication are paramount in finance, especially in investment banking or corporate advisory roles, where collaboration is constant.
Intermediate Stage
Deep Dive into Specialization Electives and Certifications- (Trimester 3-4)
Strategically select Accounting and Finance electives that align with your career interests. Simultaneously pursue relevant professional certifications like CFA (Chartered Financial Analyst) Level 1 or NISM (National Institute of Securities Markets) certifications. These provide specialized knowledge and a competitive edge in the Indian job market.
Tools & Resources
CFA Program curriculum, NISM certification modules, Online financial courses (Coursera, edX), Elective course materials
Career Connection
Specialized knowledge and professional certifications are highly sought after by recruiters for roles in investment management, equity research, and corporate finance, enhancing employability.
Seek Industry Exposure through Internships and Projects- (Trimester 3-4)
Actively seek summer internships or live projects in finance and accounting roles within Indian companies, banks, or consulting firms. Apply theoretical knowledge to practical scenarios, understand industry workflows, and build a professional network. A well-executed internship is key for pre-placement offers.
Tools & Resources
IITK Career Development Centre, LinkedIn, Industry contacts, Company websites for internship applications
Career Connection
Practical industry experience from internships is invaluable for understanding business operations and is often a prerequisite for full-time employment in finance.
Build Professional Network and Communication Skills- (Trimester 3-4)
Attend industry conferences, workshops, and guest lectures organized by the department or student clubs. Network with alumni and industry professionals. Actively work on presentation, negotiation, and report writing skills, which are crucial for client-facing or advisory roles in finance.
Tools & Resources
Alumni network platforms, Professional networking events, Toastmasters club, Business communication workshops
Career Connection
A strong professional network can open doors to opportunities, while excellent communication skills are fundamental for career advancement in any finance domain.
Advanced Stage
Focus on Placement Preparation and Interview Skills- (Trimester 5-6)
Intensify placement preparation by practicing mock interviews, group discussions, and aptitude tests. Tailor your resume and cover letter for specific finance roles. Work with the career services team to understand company expectations and refine your pitch for finance-specific interviews.
Tools & Resources
Career Development Centre resources, Mock interview panels, Aptitude test platforms, Company-specific preparation guides
Career Connection
Effective placement preparation directly leads to securing desirable roles in top Indian and global financial firms, maximizing your career launch.
Undertake a Comprehensive Capstone Project- (Trimester 5-6)
Engage in a rigorous final year project, ideally focusing on a real-world finance or accounting problem relevant to an Indian industry. This demonstrates your ability to apply specialized knowledge, conduct independent research, and deliver actionable insights, showcasing your expertise to potential employers.
Tools & Resources
Faculty mentors, Industry partners, Financial databases (Bloomberg, Reuters), Research journals
Career Connection
A strong capstone project provides a tangible example of your analytical and problem-solving capabilities, serving as a powerful credential during interviews.
Cultivate Leadership and Ethical Decision-Making- (Trimester 5-6)
Participate in leadership roles within student clubs or academic committees to develop managerial skills. Understand and practice ethical decision-making, particularly relevant in the sensitive field of finance. This commitment to integrity and leadership will distinguish you in your professional career.
Tools & Resources
Student club leadership roles, Case studies on business ethics, Mentorship from senior professionals, Workshops on ethical leadership
Career Connection
Leadership qualities and a strong ethical compass are crucial for long-term career success and progression into senior management roles in the Indian financial sector.
Program Structure and Curriculum
Eligibility:
- Bachelor''''s degree or equivalent qualification with a minimum of 65% aggregate marks / 6.5 CPI (on a 10-point scale). For SC/ST/PwD candidates, the minimum requirement is 60% aggregate marks / 6.0 CPI. A valid CAT score (Common Admission Test) or GMAT score is required. Work experience is preferred but not mandatory.
Duration: 2 years (6 trimesters)
Credits: Minimum 105 (Comprising 18 core courses, summer internship, project, and minimum 12 electives) Credits
Assessment: Internal: undefined, External: undefined
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME 601 | Managerial Economics | Core | 3 | Demand and Supply Analysis, Production and Cost Theory, Market Structures and Pricing, Decision Making under Uncertainty, Game Theory in Business |
| ME 602 | Business Statistics | Core | 3 | Descriptive Statistics, Probability Distributions, Hypothesis Testing, Regression Analysis, Time Series and Forecasting |
| ME 603 | Organizational Behaviour | Core | 3 | Individual Behaviour, Group Dynamics and Teamwork, Leadership Theories, Motivation and Job Satisfaction, Organizational Culture and Change |
| ME 604 | Financial Accounting | Core | 3 | Accounting Principles and Concepts, Preparation of Financial Statements, Analysis of Financial Statements, Cash Flow Statements, Introduction to Accounting Standards |
| ME 605 | Marketing Management | Core | 3 | Market Research and Segmentation, Consumer Behavior, Product Life Cycle and Strategies, Pricing Strategies, Promotion and Distribution Channels |
| ME 606 | Operations Management | Core | 3 | Process Design and Analysis, Inventory Management, Quality Management and Control, Supply Chain Strategy, Project Management Fundamentals |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME 611 | Financial Management | Core | 3 | Capital Budgeting Decisions, Working Capital Management, Cost of Capital, Capital Structure Theories, Dividend Policy |
| ME 612 | Human Resource Management | Core | 3 | HR Planning and Job Analysis, Recruitment and Selection, Performance Management, Compensation and Benefits, Training and Development |
| ME 613 | Business Research Methods | Core | 3 | Research Design and Problem Formulation, Data Collection Techniques, Sampling Methods, Data Analysis and Interpretation, Report Writing and Presentation |
| ME 614 | Management Information Systems | Core | 3 | IS Fundamentals and Components, Database Management Systems, E-commerce and Digital Business, Decision Support Systems, IT Strategy and Governance |
| ME 615 | Business Communication | Core | 3 | Principles of Effective Communication, Oral and Written Communication, Presentation Skills, Cross-cultural Communication, Negotiation and Persuasion |
| ME 616 | Supply Chain Management | Core | 3 | Supply Chain Strategy, Sourcing and Procurement, Logistics and Transportation, Inventory and Demand Planning, Supply Chain Analytics and Risk |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME 621 | Legal Aspects of Business | Core | 3 | Contract Law, Company Law and Governance, Intellectual Property Rights, Consumer Protection Act, Cyber Law and Data Privacy |
| ME 622 | Management Science | Core | 3 | Linear Programming, Decision Analysis, Simulation Techniques, Queuing Theory, Network Models |
| ME 623 | Macroeconomic Environment | Core | 3 | National Income Accounting, Inflation and Unemployment, Monetary and Fiscal Policy, International Trade and Finance, Business Cycles |
| ME 624 | Strategic Management | Core | 3 | Strategic Analysis and Formulation, Competitive Strategy, Corporate Strategy, Strategy Implementation and Control, Strategic Leadership |
| ME 625 | Ethics, Values and Social Responsibility | Core | 3 | Ethical Frameworks in Business, Corporate Social Responsibility, Stakeholder Management, Sustainable Business Practices, Ethical Decision Making |
| ME 620 | Summer Internship | Internship | 6 | Practical Industry Application, Problem Solving in Real Business Contexts, Professional Networking, Report Writing, Presentation Skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| ME XXX | Electives for Accounting and Finance Specialization | Elective (Students choose a minimum number of electives from various specializations, including Accounting and Finance) | 3 per elective | Advanced concepts in specialized areas of Accounting and Finance |
| ME 699 | Project | Project | 9 | Independent Research and Analysis, Application of Management Concepts, Problem Identification and Solution, Data Collection and Interpretation, Project Report and Presentation |
| ME 661 | Security Analysis and Portfolio Management | Elective (Accounting and Finance) | 3 | Investment Environment, Equity Valuation Models, Modern Portfolio Theory, Fixed Income Securities Analysis, Performance Evaluation |
| ME 662 | Derivatives and Risk Management | Elective (Accounting and Finance) | 3 | Forwards and Futures Contracts, Options Pricing and Strategies, Swaps and Other Derivatives, Credit Risk Management, Market Risk and VaR |
| ME 663 | International Financial Management | Elective (Accounting and Finance) | 3 | Foreign Exchange Markets, Exchange Rate Theories, Currency Risk Exposure and Hedging, International Capital Budgeting, Cross-border Mergers and Acquisitions |
| ME 664 | Mergers and Acquisitions | Elective (Accounting and Finance) | 3 | M&A Process and Strategy, Valuation for M&A, Due Diligence, Deal Structuring and Financing, Post-Merger Integration |
| ME 665 | Financial Modeling | Elective (Accounting and Finance) | 3 | Excel for Financial Analysis, Company Valuation Models, Forecasting Financial Statements, Sensitivity and Scenario Analysis, Project Finance Modeling |
| ME 666 | Behavioural Finance | Elective (Accounting and Finance) | 3 | Cognitive Biases in Investing, Heuristics in Financial Decisions, Prospect Theory, Investor Sentiment, Market Anomalies |
| ME 667 | Corporate Valuation and Restructuring | Elective (Accounting and Finance) | 3 | Discounted Cash Flow Valuation, Relative Valuation Techniques, Asset-based Valuation, Leveraged Buyouts, Divestitures and Spin-offs |
| ME 668 | Fixed Income Securities | Elective (Accounting and Finance) | 3 | Bond Valuation and Yields, Interest Rate Risk, Bond Portfolio Management, Credit Risk in Fixed Income, Securitization |
| ME 669 | Private Equity and Venture Capital | Elective (Accounting and Finance) | 3 | PE and VC Fund Structures, Deal Sourcing and Evaluation, Due Diligence and Valuation, Portfolio Management, Exit Strategies |
| ME 670 | Investment Banking | Elective (Accounting and Finance) | 3 | Capital Markets Overview, Initial Public Offerings (IPOs), Debt Offerings, Advisory Services (M&A, Restructuring), Regulatory Environment |
| ME 671 | Financial Econometrics | Elective (Accounting and Finance) | 3 | Regression Analysis in Finance, Time Series Analysis, Volatility Modeling (ARCH/GARCH), Panel Data Analysis, Event Study Methodology |
| ME 672 | Project Finance | Elective (Accounting and Finance) | 3 | Project Appraisal and Feasibility, Structuring Project Finance Deals, Risk Allocation and Mitigation, Debt and Equity Components, Case Studies in Infrastructure Projects |
| ME 673 | Advanced Financial Reporting | Elective (Accounting and Finance) | 3 | International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS), Consolidation of Financial Statements, Revenue Recognition, Lease Accounting |
| ME 674 | Taxation Management | Elective (Accounting and Finance) | 3 | Income Tax Principles (India), Goods and Services Tax (GST), Corporate Tax Planning, International Taxation, Tax Compliance |
| ME 675 | Auditing and Assurance Services | Elective (Accounting and Finance) | 3 | Auditing Standards and Principles, Internal Control Systems, Audit Planning and Evidence, Audit Reports and Opinions, Forensic Auditing |
| ME 676 | Management Control Systems | Elective (Accounting and Finance) | 3 | Performance Measurement, Budgeting and Variance Analysis, Responsibility Accounting, Transfer Pricing, Balanced Scorecard |
