The rapidity with which the fields of corporate, bank and investment finance have changed in the recent years has given birth to a new discipline known as financial engineering. Financial engineering is not limited to corporate and institutional applications. Many of the creative financial innovations in recent years have been directed at the retail level. The evolving process of financial engineering tries to make best use of the existing financial instruments in order to develop new varieties of innovative products that in turn will help the participants in the financial market to endure the challenges that await them.

The PG Diploma Program in Financial Engineering is meant to prepare students/ executives to take advantage of the growing opportunities and to make a successful career in finance and related fields.

Program Structure

The program covers all the important topics related to Financial Engineering in two groups. The structure of the program is given below:

Group/Part

Subjects

Group A

Part I

Basics of Financial Engineering

Part II

Concepts of Financial Engineering

Group B

Part III

Tools of Financial Engineering

Part IV

Financial Engineering: Strategies and Processes

Outline Curriculum

Group A

Part I: Basics of Financial Engineering

  • An Introduction to Financial Engineering

  • The Scope and Importance of Financial Engineering

  • Financial Engineering and Financial Analysis - A Comparison

  • Areas where Financial Engineering finds application

  • Growth Factors of Financial Engineering

  • Environmental Factors

  • Intra Firm Factors

  • Latest Innovation in the Financial Engineering Products

  • Knowledge Base of Financial Engineer

  • Mathematical, Statistical and Modelling Skills

  • Knowledge over Product and Relevant Technology

  • Accounting Aspects

Part II: Concepts of Financial Engineering

  • Valuations Relationships and Applications

  • Sensitivity Analysis and its Applications

  • Measuring Returns

  • Rate of Returns - Concepts

  • Dimensions of Risks

  • Portfolio Analysis

  • Advanced Topics in Risk Measurement

  • Theory of Interest Rate and Exchange Rate

  • Speculation, Arbitrage and Market Efficiencies

  • Speculation and Speculative Methods

  • Arbitrage Theory

  • Financial Engineering and the Corporate Treasurer

  • Analysis of the Balance Sheet

Group B

Part III: Tools of Financial Engineering

  • Product Development

  • Futures and Forwards

  • Forward Rate Agreements and Swaps

  • Swaps and Single Period Options

  • Multi Period Options

  • Fixed Income Securities

  • Different Markets

  • International Debt Market

  • Recent Debt Market Innovations

  • Hybrid Securities

  • Investor Motive

  • Market Expertise

  • Issuer Motivation

Part IV: Financial Engineering: Strategies and Processes

  • Asset Liability Management

  • Investment Banker in ALM

  • Hedging and Associated Risk Management Techniques

  • Hedge Ratios and their Applications

  • Corporate Restructuring and the LBOs

  • Corporate Restructuring, Leverage Buyouts

  • Arbitrage and Synthetic Instruments

  • Tax Driven Deals

  • Miscellaneous Equity Based Strategies

  • Recent Advancements towards Settlement and Clearings

  • Legal Protections for the Innovative Financial Products

  • Using a Patent to Protect a Financial Product

  • Advantages and Disadvantages

© 2005-08  The ICFAI University, Tripura. All rights reserved.  Contact The ICFAI University, Tripura for further information. 
Kamalghat, Sadar, West Tripura - 799210, India.  Tel: 0381-2865755/56/57/58   Fax: 0381-2319381