.png&w=1920&q=75)
MBA in Finance at Indian Institute of Technology Kharagpur
Paschim Medinipur, West Bengal
.png&w=1920&q=75)
About the Specialization
What is Finance at Indian Institute of Technology Kharagpur Paschim Medinipur?
This Finance specialization program at IIT Kharagpur''''s Vinod Gupta School of Management focuses on equipping future leaders with a deep understanding of financial markets, corporate finance, and investment strategies. It is designed to address the complex challenges and opportunities within the Indian and global financial landscape, preparing students for diverse roles in banking, investment management, and fintech.
Who Should Apply?
This program is ideal for engineering, commerce, or economics graduates aiming for a career in finance, as well as working professionals looking to transition into financial management. Individuals with a strong quantitative aptitude and an interest in economic trends, financial modeling, and strategic financial decision-making will find this specialization particularly rewarding, providing a strong foundation for future leadership.
Why Choose This Course?
Graduates of this program can expect to pursue rewarding career paths such as investment banking, equity research, portfolio management, risk management, and financial consulting in India. Entry-level salaries typically range from INR 10-18 LPA, with significant growth potential up to INR 30+ LPA for experienced professionals in top firms. The curriculum also aligns with the knowledge required for professional certifications like CFA.
Student Success Practices
Foundation Stage
Build a Strong Quantitative Foundation- (Trimester 1-2)
Focus intensely on core subjects like Quantitative Methods, Financial Reporting, and Corporate Finance. Utilize online platforms such as Coursera for foundational financial modeling skills and NPTEL lectures to supplement classroom learning, building analytical rigor essential for advanced finance roles.
Tools & Resources
Coursera, NPTEL, Textbooks
Career Connection
Strong quantitative skills are fundamental for financial analysis, risk management, and investment decision-making in any finance career.
Master Financial Statement Analysis- (Trimester 1-2)
Deepen your understanding of Financial Reporting and Analysis. Practice analyzing real-world financial statements of Indian companies available on stock exchange websites like BSE and NSE. This develops a critical skill set for roles in equity research, credit analysis, and corporate finance.
Tools & Resources
BSE India website, NSE India website, Financial news portals
Career Connection
Proficiency in financial statement analysis is crucial for evaluating company performance, making investment recommendations, and assessing creditworthiness.
Engage in Finance Clubs & Competitions- (Trimester 1-3)
Actively participate in the VGSoM''''s finance club activities, workshops, and inter-B-school finance competitions (e.g., case studies, stock pitch challenges). This enhances practical application of concepts, builds networking skills, and develops crucial presentation abilities for front-office finance roles.
Tools & Resources
VGSoM Finance Club, Inter-B-school competitions, Case study resources
Career Connection
Participation hones problem-solving, teamwork, and communication, directly applicable to high-pressure finance environments and impressive on resumes.
Intermediate Stage
Develop Financial Modeling Proficiency- (Trimester 3-4)
As you progress through Financial Markets and early Finance electives, dedicate time to building robust financial models in Excel. Utilize specialized online courses from platforms like Wall Street Prep or Udemy to gain practical skills in valuation and projection modeling.
Tools & Resources
Microsoft Excel, Wall Street Prep, Udemy courses on financial modeling
Career Connection
Financial modeling is an indispensable skill for investment banking, private equity, corporate finance, and equity research roles, aiding in complex valuation and deal analysis.
Network with Industry Professionals- (Trimester 3-5)
Leverage IIT Kharagpur and VGSoM''''s strong alumni network through LinkedIn and university-organized events. Actively connect with professionals in your target finance domains and attend industry seminars or conferences organized by bodies like FICCI or CII. Early networking can provide mentorship and internship leads.
Tools & Resources
LinkedIn, Alumni connect platforms, Industry conferences (FICCI, CII)
Career Connection
Networking opens doors to internship opportunities, mentorship, and insights into industry trends, significantly boosting placement prospects.
Target Quality Summer Internships- (Between Trimester 3 and 4 (Summer Break))
Proactively seek summer internships in reputable financial institutions within your desired finance areas (e.g., investment banking, equity research, private equity, risk management). Apply the knowledge gained from core and elective courses to deliver tangible value during the internship, which often serves as a pathway to full-time employment.
Tools & Resources
Career Services portal, LinkedIn Jobs, Company career pages
Career Connection
A strong summer internship is often the most direct route to securing a pre-placement offer and gaining practical industry experience.
Advanced Stage
Specialize and Deepen Expertise- (Trimester 5-6)
Strategically select advanced finance electives that closely align with your specific career goals, whether it is in derivatives for trading, project finance for infrastructure, or digital finance for fintech. Pursue relevant NISM certifications or other professional credentials alongside your academic studies to demonstrate focused expertise.
Tools & Resources
NISM Certifications, CFA Program study materials (Level 1), Online specialization courses
Career Connection
Deep specialization makes you a highly attractive candidate for niche roles, distinguishing you in a competitive job market and preparing you for advanced responsibilities.
Prepare for Placement Interviews- (Trimester 5-6)
Rigorously practice technical finance questions related to valuation, M&A, derivatives, and portfolio management, combined with behavioral questions. Engage in mock interviews with peers, seniors, and the career services team. Utilize platforms like Glassdoor for company-specific interview insights in the Indian context.
Tools & Resources
Mock interview sessions, Glassdoor, Finance interview prep books/websites
Career Connection
Thorough interview preparation is essential for converting opportunities into job offers, showcasing both technical knowledge and soft skills.
Undertake a Comprehensive Research Project- (Trimester 6)
For your Summer Internship Project and other academic projects, choose topics that allow you to apply advanced analytical capabilities and align with your specialization. Focus on presenting your findings professionally, demonstrating your ability to conduct independent research and solve complex business problems.
Tools & Resources
Research databases (e.g., Bloomberg, Capitaline), Academic journals, Statistical software
Career Connection
A well-executed project demonstrates problem-solving skills, analytical rigor, and initiative, making you a stronger candidate for roles requiring in-depth analysis and strategic thinking.
Program Structure and Curriculum
Eligibility:
- Bachelor’s degree of minimum 4-year duration in Engineering, Technology, Pharmacy, Medicine, or equivalent OR Master’s degree in any discipline. Candidates must have obtained at least 60% marks (or CGPA of 6.5 on a 10-point scale) in the qualifying degree. For SC/ST/PwD candidates, the minimum performance in the qualifying degree is 55% marks (or CGPA of 6.0 on a 10-point scale).
Duration: 2 years (6 trimesters)
Credits: 186 Credits
Assessment: Assessment pattern not specified
Semester-wise Curriculum Table
Semester 1
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM51001 | Managerial Economics | Core | 6 | Basic economic concepts, Demand and supply analysis, Production and cost analysis, Market structures, Pricing strategies |
| BM51003 | Quantitative Methods | Core | 6 | Probability theory, Statistical inference, Regression analysis, Optimization techniques, Decision theory |
| BM51005 | Financial Reporting and Analysis | Core | 6 | Financial statements, Accounting standards, Ratio analysis, Cash flow analysis, Valuation models |
| BM51007 | Marketing Management I | Core | 6 | Marketing environment, Consumer behavior, Market segmentation, Product strategies, Branding |
| BM51009 | Human Resource Management | Core | 6 | HR planning, Recruitment and selection, Performance management, Compensation, Employee relations |
| BM51011 | Operations Management | Core | 6 | Production systems, Inventory management, Supply chain management, Quality management, Lean operations |
| BM51013 | Organizational Behaviour | Core | 6 | Individual behavior, Group dynamics, Leadership, Motivation, Organizational culture |
Semester 2
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM51002 | Marketing Management II | Core | 6 | Pricing strategies, Distribution channels, Promotion mix, Digital marketing, Marketing analytics |
| BM51004 | Management Information Systems | Core | 6 | Information technology, Database management, Enterprise systems, E-commerce, IT strategy |
| BM51006 | Business Law | Core | 6 | Contract law, Company law, Intellectual property rights, Consumer protection, Cyber law |
| BM51008 | Corporate Finance | Core | 6 | Financial objectives, Capital budgeting, Cost of capital, Capital structure, Dividend policy |
| BM51010 | Business Research Methods | Core | 6 | Research design, Data collection, Sampling, Hypothesis testing, Report writing |
| BM51012 | Production and Operations Planning & Control | Core | 6 | Forecasting, Aggregate planning, Master scheduling, MRP, JIT |
| BM51014 | Managerial Communication | Core | 6 | Written communication, Oral presentations, Business correspondence, Negotiation, Interpersonal skills |
Semester 3
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM51015 | Strategic Management | Core | 6 | Strategic analysis, Strategy formulation, Strategy implementation, Competitive advantage, Corporate governance |
| BM51016 | Financial Markets and Services | Core | 6 | Indian financial system, Money market, Capital market, Financial intermediaries, Regulatory framework |
| BM51017 | Business Analytics | Core | 6 | Data visualization, Predictive analytics, Prescriptive analytics, Big data, Business intelligence |
| BM51018 | Managing for Sustainability | Core | 6 | Environmental management, Social responsibility, Ethics, Sustainable development, Corporate sustainability |
| BM51019 | Consulting Capstone Project | Project | 6 | Problem definition, Data collection, Analysis and recommendations, Report writing, Presentation skills |
Semester 4
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM52001 | Entrepreneurship | Core | 6 | Opportunity identification, Business model canvas, Startup financing, Legal aspects, Growth strategies |
| BM52011 | Security Analysis & Portfolio Management | Elective (Finance) | 6 | Investment environment, Risk and return, Equity valuation, Bond valuation, Portfolio theory |
| BM52013 | Derivatives & Risk Management | Elective (Finance) | 6 | Forwards, Futures, Options, Swaps, Hedging strategies, Value at Risk |
| BM52015 | Mergers, Acquisitions & Corporate Restructuring | Elective (Finance) | 6 | M&A motives, Valuation, Deal structuring, Post-merger integration, Divestitures |
| BM52017 | International Finance | Elective (Finance) | 6 | Foreign exchange markets, Exchange rate determination, Currency risk management, International capital budgeting, Multinational corporations |
Semester 5
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM52019 | Financial Econometrics | Elective (Finance) | 6 | Time series analysis, Panel data, Volatility models (ARCH/GARCH), Factor models, Event studies |
| BM52021 | Fixed Income Securities | Elective (Finance) | 6 | Bond pricing, Yield curve, Interest rate risk, Securitization, Credit derivatives |
| BM52023 | Project Finance | Elective (Finance) | 6 | Project appraisal, Risk analysis, Funding sources, Structuring project finance deals, Case studies |
| BM52025 | Behavioural Finance | Elective (Finance) | 6 | Cognitive biases, Heuristics, Market anomalies, Investor psychology, Decision-making under uncertainty |
| BM52027 | Venture Capital & Private Equity | Elective (Finance) | 6 | VC funding stages, Due diligence, Valuation, Term sheets, Exit strategies |
Semester 6
| Subject Code | Subject Name | Subject Type | Credits | Key Topics |
|---|---|---|---|---|
| BM52099 | Summer Internship Project | Project | 6 | Industry problem solving, Data analysis, Report writing, Presentation, Practical application of concepts |
| BM52029 | Financial Derivatives Engineering | Elective (Finance) | 6 | Stochastic processes, Black-Scholes model, Numerical methods for options, Exotic options, Credit derivatives |
| BM52031 | Financial Modelling & Valuation | Elective (Finance) | 6 | Financial statement modeling, DCF valuation, Relative valuation, M&A models, Sensitivity analysis |
| BM52033 | Digital Finance & Fintech | Elective (Finance) | 6 | Blockchain, Cryptocurrencies, AI in finance, Robo-advisors, Mobile payments, Regulatory sandbox |
| BM52035 | Wealth Management | Elective (Finance) | 6 | Financial planning, Investment products, Estate planning, Retirement planning, Client relationship management |
| BM52037 | Financial Markets Regulations | Elective (Finance) | 6 | SEBI regulations, RBI policies, Financial sector reforms, Compliance, Corporate governance in finance |
