MSc Finance at JBIMS

Course Overview

Masters in Finance, the first two-year full-time course, one of its kind programs was started on the recommendation of former Prime Minister Dr. Manmohan Singh.

The course is uniquely designed to shape ‘Future Financial Leaders’. The course structure is inclined towards that of London School of Economics. The program goes beyond teaching financial theories by tapping in the knowledge of the finance professors and industry experts who create synergies among statistics, business strategy, operations research among others.

Rationale of the programme

Mumbai is fast emerging as an international financial centre thereby creating opportunities for a large number of finance professionals having internationally benchmarked skills and capabilities. At the same time, financial markets are changing rapidly. The swift pace of financial innovation in the last decade and recent financial turmoil have changed the landscape of the financial sector. These changes have called for novel ways of risk management and new financial regulations. Thus, this programme aims to address the need for creation of a pool of trained and globally competitive finance professionals

Objectives of the programme

Top finance jobs demand an astute decision maker; someone who is able to grasp the finer details along with significance to the bigger picture. The MSc finance programme is structured to deliver a strong foundation in the principles and practices of finance, and analytical tools and skills form a sound basis for financial decision making. The objective of this programme is to help individuals and the organizations that employ them, enhance their effectiveness within the field finance

Science of Finance

Finance as a field of study has strong roots in other scientific fields such as statistics and mathematics. Modern financial theories, such as the Black Scholes model, draw heavily from the areas of physics, statistics and mathematics such as Brownian motion and stochastic calculus, their very creation would have been impossible if science hadn’t laid the initial groundwork. Also, theoretical constructs such as capital asset pricing model (CAPM) and the efficient market hypothesis (EMH) attempt to logically explain the behaviour of the stock market in an emotionless and scientific manner. Students taking up this programme will learn to use such advanced mathematical models and quantitative methods to solve complex financial problems. Finance being a practical discipline, this programme is designed to combine rigorous academic work with real-world relevant applications to ensure that content is intellectually demanding while being related to the practical world of finance.

Career scope

Students graduating from this programme, geared with scientific approaches would hit the ground running and would assist in the finance and treasury departments of corporate entities, investment and corporate banks, brokerage firms. private equities entities, portfolio Management services, hedge funds, venture capitalist, rating firms, consulting firms, insurance companies, government etc.