MFC MBE

Master of Master of
Finance and Control Business Economics

J o i n t A d m i s s i o n Te s t - 2 0 1 0

P R O S P E C TU S

University of Delhi, South Campus

Benito Juarez Road, New Delhi - 110021
UNIVERSITY OF DELHI SOUTH CAMPUS
Prof. Deepak Pental Mr. R.K. Sinha
Vice-Chancellor Registrar
Prof. S.K. Tandon Prof. Gurmeet Singh
Pro-Vice-Chancellor Proctor
Prof. Dinesh Singh Prof. S.K. Vij
Director, South Campus Dean, Students' Welfare
Prof. Nayanjot Lahiri Prof.Sanjay Sehgal
Dean of Colleges Head, Department of Financial Studies
Prof. Malashri Lal Prof. Rashmi Aggrawal
Joint Director, South Campus. Head, Department of Business Economics

JOINT ADMISSION TEST

In an effort to cope with enormous expansion, while continuing to maintain its high academic
standards, the University of Delhi in the early seventies, initiated a new organization pattern based on
the concept of a multi-campus institution. Following this policy, the University started the South
Campus in 1973 as an experiment in multi-campus system with a focus on interdisciplinary
programmes in Social Sciences, Humanities and Applied Sciences. During the past two and a half
decades, the campus has emerged as a pioneer institution of higher education, learning and research
and has acquired an identity of its own.
The University of Delhi South Campus has decided to conduct a joint admission test for two of its
flagship programmes, namely Master of Finance and Control (MFC) and Master of Business Economics
(MBE). The admission test, followed by Group Discussion and Personal Interview of shortlisted
candidates, will form the basis of admission to these courses. The candidates shall have the option to
apply for either or for both the programmes by paying the appropriate fee as indicated later in this
prospectus.

Contact Details :
For MFC Tel: 24118854, Fax: 24116570
For MBE Telefax:24111141

SCHEDULE FOR ADMISSIONS

Last date for receipt of applications : 24/02/2010 (4.00 p.m.)
Date of Admission Test : 21/03/2010
Time : 11.00 a.m. to 1.00 p.m.
Reporting Time : 10.30 a.m.
Number of Seats : MFC : 46 ; MBE : 82
 ABOUT MFC
A WORD FROM THE HEAD OF THE DEPARTMENT

MESSAGE

W hen the MFC programme was

initiated by Department of
Financial Studies 20 years back, it was a
foray in an uncharted territory in the Indian
educational scenario. Based on the lines of
MS (Finance) offered internationally, it was
a one of its kind, niche course in Finance,
designed and developed to cater to the
needs of the opening Indian Financial
Sector.

Today it is not enough to understand Finance, Marketing or Operations as

stand alone functions but to see them together as an integrated subject of
study. One has to learn how to innovate taking a holistic view of the
enterprise and using advanced tools of analysis. The corporate decisions
have to be based on scientific enquiry and objective judgement. MFC
students are trained to be able to crunch numbers and develop ability to
execute tasks with efficacy.

The commendable performance of our alumni and their acceptance by

the corporate world reinforce the strengths of our curriculum, pedagogy
and student selection. We aim at building a world class Business School
which turns out well rounded professionals equipped with in-depth
knowledge of finance, cross functional integration, inter personal skills
along with a global perspective. Finally, I am pleased to announce that
our Department is developing vibrant synergy with the Department of
Business Economics at the South Campus to bring even greater value to
research and teaching activities

Prof. Sanjay Sehgal

Head
Department of Financial Studies

1
ABOUT MFC
MASTER OF FINANCE & CONTROL
T he pioneering two-year (full-time) Master of Finance and Control (MFC) Programme was launched by the
University of Delhi in the year 1987-88 when a group of visionaries at the South Campus foresaw
challenges that the winds of liberalization would throw up and envisioned the need for trained and specialised
finance professionals. The MFC programme emerged as a highly successful professional programme in terms of
students' response and industry acceptance, as evidenced by the quality of placement of its students over the
years. The transformation from a controlled and regulated economy to a liberalized and globalised one since
the early 1990s brought about a sea-change in the Indian financial environment, presenting both challenge and
opportunities for finance academics as well as professionals. In recognition of the emerging challenge and in an
effort to reorient the MFC programme in response to the unfolding opportunities, the University of Delhi,
established the Department of Financial Studies in 1994. The Department, which is the first of its kind in India,
provides the necessary infrastructural umbrella for servicing the MFC programme in tune with the requirements
of the emerging liberalised and globalised financial sector of the country.

THE FACULTY
The Department has, at present, five permanent faculty members. The process of filling up another eleven
faculty positions has already been started. The efforts of the faculty are supplemented by the associate faculty.
Prof. Sanjay Sehgal, Ph.D. (Delhi University of Delhi), Post Doctoral fellow London School of Economics, (U.K.)
Head of Department
Research Interests : Investment Analysis, Portfolio Management and Financial Econometrics.
Prof. Muneesh Kumar, M.Phil, Ph.D. (University of Delhi)
Research Interests : Strategic Management of Information Systems and Management of Bank Funds.
Dr. V. K. Vasal, M.Phil, Ph.D. (University of Delhi)
Research Interests : Financial Accounting and Reporting, International Accounting, Financial Analysis.
Dr. Nidhi Jain, M.Phil., Ph.D. (University of Delhi)
Research Interests : Services Marketing, Business & Corporate Laws and Management Accounting.
Dr. Amitabh Gupta, M.Phil, Ph.D. (University of Delhi)
Research Interests : Mutual Funds and Project Management.

THE ASSOCIATE FACULTY

Dr. K. K. Agrawal Dr. A. N. Gupta Dr. G. S. Sood
Faculty, Department of Operations Faculty, Shyamlal College, University Faculty, SGND Khalsa College,
Research, University of Delhi of Delhi. University of Delhi
Dr. Preeti Singh Mr. R. J. Masilamani Mr. Gopala Krishnan
Faculty, Jesus & Mary college Former MD, Timex Watches Ex. Chief Manager, Indian Overseas
Bank.
Dr. R. A. Sharma Dr. Ramji Narayan Mr. Kumar Bijoy
Former Prof. Department of Financial Faculty, P.G.D.A.V. College (Eve.), Faculty, S. S. College of Business
Studies, University of Delhi University of Delhi. Studies, University of Delhi
Dr. Ravi Gupta Dr. Vineet Kapoor Mr. A. Balakrishnan
Faculty, Shri Ram College of Faculty, SGTB Khalsa (Eve) College, Faculty, Delhi College of Arts &
Commerce, University of Delhi. University of Delhi. Commerce, University of Delhi
Dr. G. L. Tayal Ms. Radhika Kapoor Dr. Girish Ahuja
Faculty, Ramjas College, University of Former Assistant Manager, ICICI Faculty, Shri Ram College of
Delhi. Bank Ltd. Commerce, University of Delhi.

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THE MFC PROGRAMME

ABOUT MFC
T he main objective of the programme is to equip students with the requisite knowledge and skills in financial
planning, decision-making and control. Specifically, the course is aimed at: familiarizing the students with
the financial and regulatory environment impinging upon financial decision making; acquainting them with the
basic analytical tools and techniques of financial decision making; providing them an insight into the nature of
accounting information and the techniques to use such information for financial planning and control;
developing in them an understanding of the conceptual framework for security analysis and portfolio
management and their applications; developing in them a basic understanding of issues involved in equity
research and risk management; imparting necessary skills for planning, appraisal and review of projects;
familiarizing them with the issues involved in managing global financial services management an marketing
thereof; applying the methods and procedures of financial planning and decision making in different areas.

MFC STRENGTHS
T he revised MFC curriculum redefines the paradigm of finance education in the country. It builds on its
strength of in-depth knowledge, applied problem solving, global experience, cross-functional integration
and innovative spirit. The Programme has several new courses covering key issues in emerging areas of finance
such as derivatives & risk management, treasury management, mutual fund management, real estate investment
management etc.

CAREER PROSPECTS

T he MFC Programme opens a gateway to excellent career opportunities in Investment Banking, Equity
Research, Wealth Management, Corporate Treasuries, Core Banking and Insurance, Real Estate and
Commodity Markets, Business and Financial Counselling, Corporate Finance and other emerging areas in the
financial sector.

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ABOUT MFC
COURSE OUTLINE

T he MFC course is a highly specialized programme offering a range of courses in finance. The MFC course
curriculum is revised and updated regularly. The present Master of Finance and Control (MFC) course is in
two parts as given below:

PART - I
The schedule of the Part I examination will be composed of two semesters, viz. Semester I and Semester II. The schedule
of papers prescribed for the Part I examination shall be as follows:
Semester-I Semester-II
101 Managerial Economics 201 Macro Economic Analysis and Policy
102 Business & Corporate Laws 202 Management Accounting
103 Financial Accounting 203 Financial Reporting and Analysis
104 Business Statistics and Mathematics 204 Quantitative Techniques
105 Information Technology for Managers 205 MIS and e-Finance
106 Indian Financial System 206 Investment Analysis
107 Financial Management Interdisciplinary Course
207 An Elective Outside the Department
PART - II
The MFC Part II course would be composed of two semesters i.e. Semester III and Semester IV. The schedule of papers
prescribed for the MFC Part II examination shall be as follows:
Semester-III Semester-IV
301 Financial Services 401 Financial Econometrics and Equity Research
302 International Finance 402 Project Study
303 International Accounting Optionals (Any Two from 403-411)
304 Portfolio Management 403 Insurance Management
305 Strategic Financial Management 404 Mutual Fund and Pension Funds Management
306 Financial Derivatives & Risk Management 405 Real Estate Investment Management
307 Management of Bank Funds 406 Commodities Market
407 Fixed Income Securities and Treasury Management
408 Infrastructure Finance
409 Tax Planning and Management
410 Project Planning, Appraisal & Control
411 Services Marketing
412 Interdisciplinary Course
An Elective Outside the Department
NOTE: The evaluation of students is done as specified in the University Ordinance in this regard

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 ABOUT MFC
INTERNATIONAL RELATIONS PROGRAMME
T he Department of Financial Studies has taken initiatives to develop stretegic partnerships with international
business schools for students exchange, faculty exchange and joint research. This will help the students in
developing a global perspective and enhance their cross-cultural sensitivity. At present our strategic partners are:

ESC-Pau, FRANCE

T he Department of Financial Studies and ESC-Pau, France - This collaboration will facilitate students
exchange, faculty exchange and joint research projects. This also includes summer internship for Indian
students for a period of 8 weeks in France to expose them to the global intricacies of work as a part of the
agreement. Students from ESC-Pau, will attend a semester of the MFC course to provide them with an insight
into the emerging issues of finance.

INT PARIS, FRANCE

T he Department of Financial Studies and INT Paris have agreed to explore possibilities of joint research and
exchange and support research scholars from both sides. The Department is negotiating similar
arrangements with other leading educational institutions for collaboration.

REIMS MANAGEMENT SCHOOL, FRANCE

T he Department has also signed an MOU with Reims Management School, France, for student and faculty
exchange on the lines of the arrangement with Esc-Pau.

5
ABOUT MFC
SUMMER TRAINING
A s part of the course requirement, at the end of first year each student is required to undertake practical
training for a period of two months in approved organisations.

PLACEMENT
M FC students of all the previous batches have got excellent placements. The quality and range of career
opportunities available to the students are reflected in their managerial compensations and the
companies where they have been absorbed.

LEADING COMPANIES WHICH HAVE PARTICIPATED IN FINAL PLACEMENTS

ABN AMRO Bank Gridstone Research Nestle

ANZ Grindlays Hindustan Lever Nomura Holdings

Apollo Tyres HSBC PNB Asset Management Company

Ballarpur Industries ICICI Bank PNB Capital Services

BNP Paribas ICRA Power Finance Corporation

CB Richard Ellis Inductis Pricewaterhouse Coopers

Chesterton Meghraj IDBI Prime Securities

Citi Financials IFCI Proctor & Gamble

Citibank N.A IFCIFinancial Services Protivity

Citigroup Global Markets J.K. Corporation Pulsar Knowledge Centre

Client Associates Jardine Fleming Quicksilver, Europe

CRISIL Jardine Lloyd Thompson Ranbaxy Laboratories

Crompton Greaves JM Morgan Stanley SBI Capital Markets

Darashaw Securities JP Morgan Chase SBI Funds Management

Deloitte Haskins & Sells Jones Lang Lasalle Meghraj Securities & Exchange Board of India

Delhi Stock Exchange Kotak Mahindra Finance Ltd SREI International Finance

DSP Merrill Lynch Kotak Mahindra Old Mutual Life Standard Chartered

E-Value Serve Kotak Securities Synovate

Ernst & Young Kotak Commodity Tata Consultancy Services

Essar Group KPMG Turbomeca, Europe

GE Analytics Lazard India UTI Bank

GE Money Mckinsey Knowledge Centre Unit Trust of India

Grail Research National Stock Exchange of India Vistasoft

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 ABOUT MFC
WORKSHOPS, SEMINARS AND OTHER ACTIVITIES
In addition to teaching of courses as per the course curriculum, a number of activities are carried out in the
Department. The following are the highlights of some of such activities carried out last year.

ANNUAL CONVENTION
T he zenith of the student in-depth discussion is the Annual Convention, which serves as a forum for
extensive discussion among luminaries from the industry and academicians on contemporary financial
issues. This interaction helps in strengthening the bond between AFCON, the student body of MFC and the
business community. MFC Conventions have been widely appreciated in industry circles and described as
"professionally managed and proficiently handled".
The XXIIth Annual Convention on "POWERING TOWARDS FINANCIAL RESURGENCE NEW PARADIGMS
AND STRATEGIES" was held on 12th September 2009 at Hotel Hyatt Regency, New Delhi. Mr. R. K. Nair,
Executive Director, SEBI inaugurated the Convention and Mr. Atul Kumar Rai, CEO & M.D., IFCI delivered the
Key Note Address. Mr. Jean-Francois Pieroon, Regional Director, IBM, Bordeaux, France was the Chief Guest
for the function. The prominent speakers at the Convention were: Mr. Amit Kumar, Director Private Clients,
Standard Chartered Bank; Mr. Deepak Mahurkar, Associate Director, Oil and Gas Industry Practice; Mr.
Jayant Mangalik, Head Research, Religare; Mr. Navita Srikant, Partner, Fraud Investigation and Dispute
Services; Mr. A. Balasubramanium, CIO, Birla Sun Life Asset Management Company; and Mr. Mridul Upreti,
Head - Capital JLL Meghraj.

The Inaugural Session in progress The First Technical session in progress

Panelist addressing the Annual Convention The Second Technical session in progress

7
 UGC SAP SEMINAR
ABOUT MFC

T he Department organized a One Day UGC SAP Seminar on "Global Financial Crisis: Implications for
Corporate Strategy and Management Learning" on February 21, 2009 at the University of Delhi South
Campus. The Seminar was inaugurated by Mr Gagan Rai, CEO and Managing Director, National Securities
Depository Ltd. The prominent speakers included: Mr Subir Gokarn, Chief Economist, Standard and Poor's; Mr.
Sanjay Sinha, CEO, DBS Cholamandalam AMC; Mr Jeurgen Fiedler, Director, DBOI; Mr Kuljit Singh, Partner,
E&Y; Mr. Saibal Ghosh, CIO, Aegon Religare Life Insurance and Dr.Geoffrey Clements, Managing Director,
India Director, Commonwealth Business School, UK

ALUMNI MEET

"A s a tree is known by the fruits it bears, so an institution is known by its students." This maxim holds true in
the case of the MFC programme. The increasing recognition being granted by the financial and
corporate sector to the MFC Alumni has helped it to carve a niche for itself over the years. Ever since the first
batch passed out in 1989, MFC graduates have seized the opportunities to position themselves as specialists in
different segments of the financial sector
The Alumni Meet plays an important role in nurturing the bond between the department and its alumni. It is
organized every year at three locations: Delhi, Mumbai and Bangalore.

8
CULTURAL PROGRAMME

ABOUT MFC
T he Department organized a cultural event in January 2009. Mr. P.K. Chowdhury, Vice Chairman & Group
CEO, ICRA Limited was the Chief Guest. Padmashri Shovana Narayan delivered the Key Note Address.
Ms. Prerna Shrimali performed Kathak, Pandit Prateek Chaudhuri performed on the Sitar while Padamshree
Geeta Chandra performed Bharatnatyam.

Ms. Prerna Shrimali explaining the Ms. Geeta Chandran rendering her
intricacies of Kathak dance form to the audience. Baratnatayam performance

Sitar recital by Mr. Prateek Choudhury The Panelists at the Cultural Event

YOUTH EMPOWERMENT SEMINAR (YES!+)

Y es!+ programme conducted by The Art of Living, one of the largest voluntary organisations in the world, is
a self-development and stress elimination programme that empowers the youngsters to face life's
challenges gracefully. These workshops equipped the students with skills and techniques that would enhance
the quality of their lives. The student body of the Department successfully organised a week long programme in
the month of July, 2009 which empowered the students to become more centred and focused. It was a unique
experience for the MFC students.

9
ABOUT MFC
BOOK RELEASE FUNCTION

A special function was held to release the newly published book on "Integrating E-business Models for
Government Solutions" edited by Prof. Muneesh Kumar, published by IGI Global (USA) as part of
Information Science Reference Series. Mr. P.K. Choudhury, Vice Chairman and Group CEO, ICRA Ltd. released
the book in the benign presence of Dr. Furqan Qamar, Advisor, Higher Education and Culture, Planning
Commission and leading academicians.

Academicians at the book releasing ceremony Prof. Muneesh Kumar, Prof. Sanjay Sehgal, Mr. P. K. Choudhury
and Dr. Furqan Qamar, at book releasing ceremony

SPECIAL LECTURES
Speaker Company Topic

1. Tarun Bakshi SVP, Mauryan Capital Advisor Credit Risk & Corporate Banking

2. Athar Shahab Dy. MD, IDFC Projects Project Evaluation

3. Naresh Pandey CFO, Nokia Siemens M&A

4. Saibal Ghosh CIO, Aegon Religare Life Investments in Current Scenario

5. Deepak Bajaj Director, Unitech PE REIT, & Investment

6. Raghupathi Associate Director, UBS Real Options

7. Ashok Jainani VP, Khandwala Securities (Research) Financial Analysis

8. Anupam Tyagi COO, Etisalat Telecom Telecom Industry in India

9. Himanshu Kohli Partner, CA Wealth Management

10. Ajay Tyagi Fund Manager, UTI Fund Management

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 ABOUT MBE
A WORD FROM THE HEAD OF THE DEPARTMENT

MESSAGE

I
t gives me immense pleasure and pride to introduce
the Master of Business Economics programme of the
University of Delhi. The programme is designed to
offer a coordinated set of courses in Business,
Economics and quantitative techniques and is an
endeavour towards fulfilling the need for a new
generation of business economists and managers
equipped with the requisite analytical skills oriented
towards business challenges. The programmee offers
distinct features that differentiate it significantly from
other business programmes. The fusion of business
subjects with relevant courses in economics and
quantitative techniques equips students with academically founded knowledge
enabling them to take an analytical approach rather than merely a managerial
approach to business problems.
The rigorous and contextual curriculum imparted by way of classroom lectures, case
studies, projects, research papers and regular industry interface equip students with
the latest knowledge and skills to adapt themselves to the rapidly changing business
scenario.
The programme ensures vast employment opportunities in business consulting firms,
management consulting firms, banks and financial institutions. It boasts of 100 per
cent campus placement every year. The past 37 years have witnessed the energetic
and visionary youths of the MBE programme, carving places for themselves as stock-
exchange analysts, business anlysts, financial planners, economic consultants,
entrepreneurs, financial advisors, marketing managers, lecturers, academics,
management consultants and economics journalists.
I assure you that it will be an important stepping stone in your life. I invite you to join
the MBE fraternity as you embark on the journey towards your career goals. Finally, I
am pleased to announce that our Department is developing vibrant synergy with the
Department of Financial Studies at the South Campus to provide even greater value to
our teaching and research activities.

Rashmi Agrawal
Head
Department of Business Economics

11
ABOUT MBE
MASTER OF BUSSINESS ECONOMICS

T he highly qualified and experienced faculty provide an excellent learning experience to students of MBE,
imparting quality education and helping them forge vital linkages with industry. The teaching programme
in MBE also draws on the expertise of a dedicated team of Associate Faculty comprising eminent academicians,
corporate leaders and enthusiastic, young research scholars from the University of Delhi and from research
institutes of repute.

THE FACULTY
The Department has, at present, six permanent faculty members. The process of filling up vacant faculty
positions has already been started.
Prof. Rashmi Agrawal, M.B.E., Ph.D. (IIT, Delhi)
Head of the Department
Research Interests: Environmental Economics; Project Appraisal; Investment Planning; Labour Economics.
Prof. Vijay Kumar Kaul, M.Com., M.Phil., Ph.D. (Delhi School of Economics)
Research interests: Small Enterprises and clusters; Knowledge-based firms, Systems and Economy;
International Business and Marketing Strategies; Strategic Management.
Dr. Deepa Saran, M.A., Ph.D., Post Doc. [U.K.]
Research Interests: International Trade, Foreign Investment and Economic Development; Macroeconomic
modeling and Forecasting; International and Regional Economic Co-operation; Globalization.
Dr. Aradhna Aggarwal, M.A., M.Phil., Ph.D. (Delhi School of Economics)
Research Interests: International Trade and WTO related issues (antidumping and market access); FDI;
Technology Transfer and Innovation Systems; Globalisation.
Dr. Yamini Gupt, M.B.E., M.A., Ph.D. (Clark, USA)
Research Interests: Spatial Economics and issues of Industrial Pollution and Land Use Change; Economic
Activity in Formal and Informal Sectors in Solid Waste Management; Higher Education
Dr. Ananya G. Dastidar, M.A, M.Phil., Ph.D. (CESP, J.N.U.)
Research Interests: International Economics; Development Economics, especially issues of Poverty and
Income Inequality in Developing countries.

THE ASSOCIATE FACULTY

Prof. L. Prasad Prof. P.N. Varshney Dr. Rakesh Shahani
(Former Professor, (Former Professor, (Faculty, Dr. Bhim Rao Ambedkar
Dept. of Business Economics) Dept. of Business Economics) College, University of Delhi)

Mr. J.K. Bareja Mr. Surendra Kumar Mr. Pankaj Varshney

(Faculty, Dept. of Commerce, (Faculty, Dept. of Commerce, PGDAV (Faculty, Apeejay School of
Shyam Lal College, University of College,University of Delhi) Management)
Delhi)

Mr. Debabrata Pal Mr. Qazi Asif Zameer Ms. Priya Suri
(Ph.D Scholar, CESP, JNU) (Faculty, FORE School of Management) (Independent Consultant)

Dr. Sukanya Bose Mr. Harish Dhawan Mr. Krishna Kumar

(Independent Scholar and Visiting (Faculty, Ram Lal Anand College, Delhi (Faculty, Sri Venkateshwara College,
Faculty, IIFT) University) University of Delhi)

12
THE MBE PROGRAMME

ABOUT MBE
T he course curriculum for the MBE1 programme combines a sound conceptual grounding in basic
Economics, Finance and Marketing, with intensive training in quantitative techniques like Econometrics
and Operations Research.

MBE STRENGHTS

A unique feature of the course is that it allows students the option of "dual" specialization : for instance,
students may choose to specialize in Quantitative Techniques and Finance or they may prefer Finance and
Marketing or, something different, Quantitative Techniques and Environmental Economics. A wide choice of
Specialization Papers are routinely on offer.

COURSE OUTLINE

T he first two semesters consist of compulsory courses, geared to provide a solid foundation in Basic
Concepts and Analytical Tools. Optional papers are placed in the third semester, allowing students to
specialize in subjects of their choice, before the Placement Process begins, final semester students are required
to submit a Research Project based on independent research work carried out under the guidance of the
Department Faculty, which puts to the test the analytical skills they have acquired through the entire duration of
the course.
Student evaluation is based on project presentations, term papers as well as regular class tests and
examinations.
Semester-I Semester-II
Microeconomic Analysis Macroeconomic Analysis and Policy
Business Statistics and Econometrics Analysis of Demand and Market Behavior
Principle of Business Finance Legal Aspects of Business
Organization Behavior and Development Operational Research
Information Management Industrial Economics
Project Appraisal and Investment Planning International Trade in Business
Semester-III Semester-IV
Global Finance Business Policy and Strategy
Economics of Services Analysis of Demand and Market Behavior
Dual Specialization : Economics of Environment and Natural
Specialisation1 Resource Management
Paper1 Paper2 Problems and Policies in Indian Economy
Specialisation2 Research Project
Paper1 Paper2 Comprehensive Viva-Voce

The MBE Curriculum is currently under Revision and the restructured course is likely to be offered from 2010 onwards, subject to approval from the University.
1

13
ABOUT MBE
SPECIALIZATION SUBJECTS
Quantitative Techniques in Business Human Resource Management
● Econometric Methodology ● Labor Economics and Industrial Relations
● Forecasting and Business Planning ● Personnel Management

Business Finance System Analysis and Operation Management

● Financial Markets, Institutions and Services ● System Design and Programming
● Investment Theory and Portfolio ● Systems and Operation Management
Management

Marketing and Distribution Regional and Transport Economics

● Marketing Strategy and Research ● Location and Regional Development
● International Marketing ● Transport Economics

Applied Environmental Economics and Policy

● Issues and Methodology in Environmental Economics
● Environmental Policies and Indian Business

14
WORKSHOPS, SEMINARS AND OTHER ACTIVITIES

ABOUT MBE
T he Department hosts various Events round the year, to strengthen ties with the corporate world and foster
organizing skills and professionalism amongst students.

BEA INAUGURAL
T he inaugural of the Business Economics Association (BEA) is the first major event in the Department
Calendar. All MBE students are a part of the BEA. The Inaugural provides an opportunity to interact with
distinguished speakers from the corporate and academic world. Mr. Ram Nomula, Chief Executive, Media and
Entertainment Services, MoserBaer and Ms. Jyoti Vij, Department Alumnus and Director, Financial Sector &
Corporate Laws, FICCI were Guests of Honour, at the BEA Inaugural, 2008-09.

ANNUAL CONVENTION

T he highlight of Department calendar, the two day long theme based Annual Convention provides a
valuable platform for
interaction between industry
and academia. The occasion
marks the publication of the
Department's Annual
Magazine, The Business
Economist. The XXXVI
Annual Convention, on
"Leveraging Global Change :
Managing Turbulence in the
Indian Economy" was held in
September, 2008 at India
Habitat Centre, New Delhi.
The distinguished panel
included Dr. Arvind Virmani
(Chief Economic Advisor,
Govt. of India), Mr. Arvinder
Singh Lovely (Miniter of Education, Tourism and Arts, Govt of Delhi), Prof. Shankar Acharyya (Professor,
ICRIER), Prof. V.R. Panchmukhi (Managing Editor, Indian Economic Journal), Dr. Renu Kohli (Senior Economist,
IMF), Dr. Samiran Chakraborty (Chief Economist, ICICI Bank), Mr. Anil Bisen (Director, Planning Commission),
Ms. Jyoti Jindgar (DGM, SEBI), Mr. Prasad Narasimhan (Chief Marketing Officer, Virgin Mobile), Mr. Rahul
Bhalla, (Country Executive - Strategy and Marketing, South Asia, IBM), Mr. Alop Mittal (Advisor, FICCI), Mr.
Raman Uberoi (Director, CRISIL), Mr. Ramesh Krishnan (Supply-Chain Head, Pantaloons), Mr. Manish Mittal
(Vice President& Head of Professional Services, Market Rx, a Cognizant Company), Mr. Sanjiv Dobhal
(Regional Head-Corporate Business, HDFC ERGO Gen. Insurance), Mr. Manu Digvijay Singh ( Associate
Director, Global Markets, Standard Chartered Bank), Mr. P.K. Mitra (General Manager, Punjab National Bank),
Mr. Subhashis Nath (Partner, Axis Risk Consulting Services) and Mr. Bratin Biswas, (Head, Fixed Income
Division, Genpact).
In 2007, then SEBI Chief, Mr. M. Damodaran was Chief Guest at the Annual Convention, also held at the India
Habitat Centre, on the theme "India's Growth : Momentum from Services".

15
ABOUT MBE
WEEKLY SEMINAR

S eminars by eminent academicians and corporate leaders, held on Thursday afternoons, are a regular feature
at the Department, geared to enriching thinking and exposing students to ever-new horizons. Among
others, Dr. Takahiro Sato (Osaka City University, Japan), Prof. Stephen Nollen (Georgetown University, U.S.A.),
Mr. Vivek Khattar (Asst. VP & Researach Director, IMRB), Mr. Arvind R.P. (GPM and Marketing Head, Dairy
Products, Britannia Industries) addressed students on various topical issues during the last academic session.

INDUSTRY TOUR
n important annual activity,
A the Industry Tour provides
students with highly beneficial
insights into the industry and
functioning of plants and
manufacturing processes. This year the
students had the opportunity of visiting
a Multi-Product SEZ in NOIDA and a
Gems and Jewellery SEZ in Jaipur.

ALUMNI MEET
vital annual event, the Alumni
A Meet brings together Department
Alumni and former and fpresent
Faculty, presenting an opportunity to
turn back the wheels of time for one
fun-filled evening.

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 ABOUT MBE
PLACEMENTS AND SUMMER TRAINING

T he Placement Process at MBE has

two broad phases. At the end of their
second semester students are placed with
reputed corporate institutions for two
months of compulsory Summer
Internships. Final Placements take place
at the end of the Third Semester. The
Department takes great pride in
announcing hundred per cent
placements for its students with
prestigious companies over the past
years. The average salary (CTC) offered to
the previous Batch of 2008-2009 was
Rs.6.85 lakhs.

OUR CORPORATE ASSOCIATIONS INCLUDE

APEX ORGANIZATIONS Deloitte Touch Tohmatsu IDC
CII Ernst & Young IMRB International
FICCI Jones Land LaSalle Meghraj Market Probe
ICCI Synovate Consulting TNS Global
RBI CONSUMER GOODS, RETAIL & MEDIA & ADVERTISING
SEBI MANUFACTURING Business World
BANKING, FINANCIAL SERVICES Dabur FCB Ulka
AND INSURANCE DS Group
Genesis PR
ABN Amro Asset Management Frito Lays
India Today
ABN Amro Bank Hindustran Unilever
O&M
Bajaj Allianz Life Insurance Maruti Udyog
Rediffusion DY&R
Bank of America Nestle
Pepsico
RESEARCH & ANALYTICS
DE Shaw
Procter & Gamble Absolutdata
Deutsche Bank
Sony Adventity
HDFC Bank
ICICI Bank Virgin Mobile American Express
National Housing Bank IT/ ITES Cognizent
SBI Funds Management Bharti Telecom Copal Partners
SBI Life Genpact EXL Service Holdings
CONSULTING & OTHER SERVICES Hewlett Packard Fair Issac
Accenture IBM GE Money
AT Kearney Infosys Grail Research
BMR Associates Microsoft McKinsey Knowledge Centre
Boston Consulting Group Wipro Infotech Pipal Research
CRISIL MARKET RESEARCH Progeon
Debenham Tie Leung (DTZ) AC Nielsen TERI

17
INFRASTRUCTURE
FACILITIES AND RESOURCES FOR BOTH PROGRAMMES

B eing a part of a University of international repute, students of MFC and MBE have access to an infrastructure
which is among the best in India.

LIBRARY : THE LEARNING CENTRE

T he Campus Library is
housed in a three storied
building and is well-stocked with
over 2,00,000 titles and
subscribes to over 500
p e r i o d i c a l s a n d r e s e a rc h
journals. Keeping pace with
technological developments, the
Library has started automating its
housekeeping and service
operations. The library also has
an internet cell to allow free
access to the World Wide Web to
all the students. Students also
have access to a large database
of online journals.

18
 INFRASTRUCTURE
INFORMATION TECHNOLOGY

T he IT infrastructure in the
Departments serves the
objective of equipping the
students of the Programme
with requisite IT skills needed
by the dynamic environment.
The computing facilities
expose the students to a wide
variety of operating systems
and application softwares.
The path to information
superhighway has already
been laid in the Departments
by a full-fledged PC lab with
Internet access on all the
machines. Students also have
Wifi access to the Internet in
the Departments as well as in
the hostels.

HOSTEL FACILITIES

S
eparate hostel facilities are available to girl and boy students on the Campus. Students need to apply for
hostel accommodation separately to the wardens of these hotels.

19
 MINIMUM ELIGIBILITY REQUIREMENTS
ADMISSION PROCESS

T he minimum eligibility requirements for MFC and MBE are: Graduate (under 10 + 2 + 3) / Post-graduate in
any discipline with 50% marks, from the University of Delhi or any other University recognised as
equivalent thereto. Students appearing in the final year of Bachelor's Degree examination in 2010 are eligible
to appear in the Joint Admission Test. However, they should meet the above-mentioned eligibility requirements
latest by September 15, 2010

Note: The selected candidates must submit their final year results by September 15, 2010, failing which their
admission will be automatically cancelled.

Candidates must ensure that they satisfy the above eligibility conditions before applying. If, at any stage of the
admission process, a candidate is found ineligible, his/her application will be cancelled immediately - no
queries/clarifications shall be entertained in this regard.

RESERVATION

T he Department will follow University norms regarding reservation of seats for SC/ST, OBC , Physically
Challenged candidates and Children/Widows of Officers and Men of the Armed Forces including Para-
Military Personnel killed or disabled in action at wars.

Foreign students studying in Indian Universities are required to appear in the Admission Test. In addition to the
number of seats specified for these programmes, supernumerary seats are available for foreign students. All
foreign students need to apply through the Dean, Foreign Students c/o Faculty of Management Studies,
University of Delhi, Delhi-110007 - (For further details visit http://www.du.ac.in). In the case of foreign students
who are not required to appear for the Test, preference will be given to those who furnish their latest GMAT and
TOEFL scores. All foreign students are required to meet the requirements as specified by Dean, Foreign students.

SELECTION PROCEDURE

T he shortlisting of the candidates for admission to the MFC and MBE programmes will be done on the basis
of their performance in the Entrance Test which seeks to test the aptitude of the candidates for studies in
business analysis and management. The Entrance Test will consist of multiple choice questions relating to
English Comprehension and Verbal Ability, Analytical Reasoning, Data Interpretation and Data Sufficiency,
Quantitative Ability (covering Basic Arithmetic, Algebra, Calculus, Basic Statistics and Data Analysis) and
Current Business Environment. The result of the entrance test is expected by April 2, 2010.

The short listed candidates will be called for group discussion and personal interview. Candidates called for
group discussion and interview shall bear travel and other incidental expenses themselves. In all cases, the
decision of the Admission Committee shall be final.

20
HOW TO APPLY

ADMISSION PROCESS
T he application form duly completed (accompanied by a self-addressed envelope of size 10" x 4.5" bearing
postage stamp worth Rs. 25/- (If mailing address is outside Delhi and NCR) or postage stamp worth
Rs. 12/- (if mailing address is in Delhi or NCR i.e., Gurgaon / Faridabad / Ghaziabad / NOIDA) for Admission
Tickets to be sent via Speed Post) should reach the office of the Department of Financial Studies, Room No.329
or Department of Business Economics, Room No.229, University of Delhi, South Campus, Benito Juarez
Road, New Delhi 110021 latest by February 24, 2010 (Forms will not be accepted on Saturday, Sunday and
Holidays).
Application forms which have been downloaded from the website must be accompanied by a demand draft of
appropriate amount favouring- The Director, University of Delhi, South Campus and mailed to or submitted
at Department of Financial Studies, or at Department of Business Economics, Arts Faculty Building,
University of Delhi, South Campus, Benito Juarez Road, New Delhi-110021. Candidates applying for both the
courses must attach a demand draft of Rs. 1200/- (Rs. 500/- for SC/ST candidates) and those applying for only
one course should attach demand draft for Rs. 700/- (Rs. 300/- for SC/ST candidates)
SC/ST/OBC candidates and candidates applying in the physically challenged category must submit a copy of
caste/medical certificate along with the form. Applications without a valid caste/ medical certificate are liable
to be rejected summarily. The candidates are advised to contact the University in case of any delay in receiving
the Prospectus or Admission Ticket. The University will not be responsible for any postal delays. Disputes, if
any, arising out of or relating to any matter whatsoever, concerning the process of admission shall be subject to
the exclusive jurisdiction of the competent court in Delhi only.

AGE REQUIREMENTS
T he candidate should have attained the age of 20 years on the 1st of October in the year in which admission
is sought.

FEE PAYABLE

A t present the MFC students are required to pay an annual fee of Rs. 11,500/- at the time of admission.
Students selected to the MBE programme are required to pay an annual fee of Rs.11,361/- The foreign
students would have to pay an annual fee as per university rules. The fee may be revised from time to time by the
University.

21
 ORDINANCE XV-C: 'PROHIBITION OF AND PUNISHMENT FOR RAGGING'
ADMISSION PROCESS

1. Ragging in any form is strictly prohibited, within the premises of Colleges/Department or Institution or any
part of the University of Delhi system as well as on public transport.

2. Any individual or collective act or practice of ragging constitutes gross indiscipline and shall be dealt with
under this Ordinance.

3. Ragging for the purposes of this Ordinance, ordinarily means any act, conduct or practice by which power
or status of senior students is brought to bear on students freshly enrolled or students who are in any way
considered junior of inferior by other students and includes individuals of corrective acts or practices which

● Involve physical assault or threat, or use of physical force;

● Violate the status, dignity and honour of women students;
● Violate the status, dignity and honour of students belonging to the scheduled caste or tribes;
● Expose students to ridicule and contempt and affect their self esteem;
● Entail verbal abuse and aggression, indecent gestures and obscene behaviour.

4. The Principal of a College, the Head of the Department of an Institution, the authorities of College, or
University Hostel or Halls of Residents shall taken immediate action of any information of the occurrence
of ragging.

5. Notwithstanding anything in Clause (4) above, the Proctor may also suo motu enquire into any incident of
ragging and make a report to the Vice-Chancellor of the identity of those who have engaged in ragging and
the nature of the incident.

6. The Proctor may also submit an initial report establishing the identity of the perpetrators of ragging and
nature of the ragging incident.

7. If the Principal of a College, Head of the Department or Institution or the Proctor, is satisfied that for some
reasons, to be recorded in writing, it is not reasonably practical to hold such an enquiry, he/she may so
advice the Vice Chancellor accordingly.

8. When the Vice-Chancellor is satisfied that it is not expedient to hold such an enquiry, his/her decision will
be final.

9. On the receipt of the report under Clause (5) or (6) or a determination, by the relevant authority under
Clause (7) disclosing the occurrence of ragging incidents described in clause 3(a), (b) and (c); the Vice-
Chancellor shall direct or order rustication of a student or students for a specific number of years.

10. The Vice-Chancellor may in other, cases of ragging order or direct that any student or students be expelled
or be not for a stated period, admitted to a course of study in a college, departmental examination for one
or more years or that the results of the student or students concerned in the examination or examinations in
which they appeared be cancelled.

11. In case where students who have obtained degree or diplomas of the University of Delhi are found guilty
under this Ordinance, appropriate action will be taken under Statute 15 for withdrawal of degrees or
diplomas conferred by the University

12. For the purpose of this Ordinance, abetment to ragging will also amount to ragging.

13. All institutions within the University of Delhi system shall be obliged to carry out instructions/directions
issued under this Ordinance, and to give aid and assistance to the Vice-Chancellor to achieve the effective
implementation of the Ordinance.

22
ORDINANCE XV-B: MAINTENANCE OF DISCIPLINE AMONG STUDENTS OF THE UNIVERSITY

ADMISSION PROCESS
1. All powers relating to discipline and disciplinary action are vested in the Vice-Chancellor.
2. The Vice-Chancellor may delegate all such powers as he/she deems proper to the Proctor and to such other
persons as he/she may specify in this behalf.
3. Without prejudice to, the generality of power to enforce discipline under the Ordinance, the following
shall amount to act of gross indiscipline:
(a) Physical assault, or threat to use physical force, against any member of the teaching or non-teaching
staff of any institution/Department and against any student within the University of Delhi;
(b) Carrying of, use of, or threat to use of any weapons;
(c) Any violation of the provisions of the Civil Rights Protection Act, 1976;
(d) Violation of the status, dignity and honour of students belonging to the scheduled caste and tribes;
(e) Any practice-whether verbal or other wise-derogatory of women;
(f) Any attempt at bribing or corruption in any manner;
(g) Willful destruction of institutional property;
(h) Creating ill-will or intolerance on religious or communal grounds;
(i) Causing disruption in any manner the academic functioning of the University system.
(j) Ragging as per Ordinance XV-C.
4. Without prejudice to the generality of his/her powers relating to the maintenance of discipline and taking
such action in the interest of maintaining discipline as may seem to him/her appropriate, the Vice-
Chancellor, may in the exercise of his/her powers aforesaid order or direct:
(a) That any student or students be expelled; or
(b) Any student or students be, for a stated period rusticated; or
(c) Be nor for a stated period admitted to a course or courses of study in a college, department or
institution of the University; or
(d) Be fined with a sum of rupees that may be specified; or
(e) Be debarred from taking a University or College or Department Examination or Examinations for
one or more years; or
(f) That the result of the student or students concerned in the Examination or Examinations in which
he/she or they have appeared be cancelled.
5. The Principals of the Colleges, Head of Halls, Deans of Faculties, Head of Teaching Departments in the
University, the Principal, School of Correspondence Courses & Continuing Education and Librarian shall
have authority to exercise all such disciplinary powers over students in their respective Colleges,
Institutions, Faculties and Teaching Departments, in the University as may be necessary for the proper-
conduct of the Institutions, Hall and Teaching Departments, in the University as may be necessary for the
proper-conduct of the Institutions, Hall and Teaching in the concerned Departments. They may exercise
their authority to such of the teachers in their Colleges, Institutions or Departments as they may specify for
these purposes.
6. Without prejudice to the powers of the Vice-Chancellor and the Proctor as aforesaid, detailed rules of
discipline and proper conduct shall be framed. These rules may supplemented, where necessary, by the
Principal of Colleges, Heads of Halls, Deans of Faculties and the Heads of Teaching Departments in the
University. Each student shall be expected to provide himself/herself with a copy of these rules.
7. At the time of admission, every student shall be required to sign a declaration that no admission he/she
submits himself/herself to the disciplinary jurisdiction of the University and the several authorities of the
University who may be vested with the authority to exercise discipline under the Acts, the Statutes, the
Ordinances and

23
 INSTRUCTIONS TO THE CANDIDATES
ADMISSION PROCESS

1. The reporting time at the Examination Centre for the Test is 10.30 a.m. The total time allowed for the Test is
2 hours. It starts at 11.00 A.M. and ends at 1.00 P.M.

2. Fill up the necessary information in the Test Booklet before commencement of the Test.

3. The answer sheet will be placed inside the Text Booklet. Break open the seal of the Test Booklet and take
out the answer sheet. Don't start answering the questions until you are asked to do so. The serial number
appearing on the answer sheet should be the same as the serial number appearing on the Test Booklet.

4. Read the instructions given on the Answer Sheet carefully. Also fill up all the necessary information before
starting to write.

5. Ensure that you have encoded the details in the Answer Sheet correctly because wrong encoding can result
in the answer being rejected by the OMR.

6. THE ANSWERS ARE TO BE GIVEN IN THE ANSWER SHEET ONLY AND NOT IN THE BOOKLET.

7. The Test consists of 200 questions in all. You are advised to check the Test Booklet and see that it contains
all the questions from 1 to 200 otherwise you should get it replaced before starting to write.

8. Each question carries 1 mark. There will be negative marking to the extent of 0.25 for each wrong answer.

9. After each question, there are four alternatives. Mark the correct answer by SHADING the appropriate box
in the Answer Sheet with a HB Pencil only. A sample for the correct marking is given below:

Correct marking :

Wrong marking : a b c d

10. If you want to change your answer, you have to erase neatly and completely the earlier filling and then fill
the new box. You must ensure that no visible mark is left after you have erased an earlier marking,
otherwise the response will be treated as incorrect and shall be evaluated accordingly.

11. Do not use any calculating device like slide rule, calculator or mathematical tables, etc.

12. Make sure that you do not possess any pages (blank or printed) or any unauthorised material. Candidates
found to be in possession of any such material during the examination are liable to be disqualified for
admission.

13. Candidates found copying/helping others or using any other unfair means are liable to disqualified for
admission.

14. No extra sheets will be provided for rough work.

15. SMOKING AND MOBILE PHONES ARE NOT PERMITTED INSIDE THE EXAMINATION HALL.

RESULT OF JOINT ADMISSION TEST IS EXPECTED BY END OF MARCH, 2010.

24
 ADMISSION TEST CENTRES
1. AHMEDABAD The Principal
Shri H.K. Arts College, Opp. Handloom House, Ashram Road, Ahmedabad -
380 009
2. BANGALORE Dr. V.G. Dhanakumar
Member Secretary and Director, Indian Institute of Plantation Management,
Bangalore, Jnana Bharathi Campus, P.O.Malathalli, Bangalore 560 056
3. BHOPAL Dr. G.P. Mishra
HOD Publication, Centre for Entrepreneurship Development,
16-A, Arera Hills, (Near Nirwachan Sadan), Bhopal 462 011
4. BHUBANESHWAR Prof. J.K. Parida
P.G. Department of Commerce, Utkal University, Bhubaneswar - 751004,
Orissa
5. CHANDIGARH Mrs. Puneet Bedi,
Principal, MCM Dayanand Anglo-Vedic College for Women,
Sector 36-A, Chandigarh 160 036
6. CHENNAI Dr. N. Ragavan
Head, Department of Commerce, University of Madras,
Chennai 600 005
7. DELHI To be intimated individually
8. GUWAHATI Prof. Shantikam Hazarika
Assam Institute of Management, 7th Floor, East Point Tower, Bamunimaidam,
Guwahati-7810021
9. HYDERABAD Prof. Uma P. Iyer
Regional Director, Mahila Dhyan Vidyapeeth, 1-10-77 Begum Peth,
Hyderabad 500016
10. JAIPUR Dr. Rajesh Kothari
Director, R.A. Poddar Institute of Management, University of Rajasthan,
Jawaharlal Nehru Marg, Near Gandhi Circle, Jaipur 302 004
11. KOLKATA C/o Rev. Fr. Dr. Felix Raj, Principal St. Xavier's College 30, Mother Teresa Sarani,
Kolkata 700 016
12. LUCKNOW Dr. R.K. Maheshwari
Associate Professor, Department of Applied Economics, Faculty of Commerce,
University of Lucknow, Lucknow 226 007
13. MUMBAI Prof. P.V. Narasimham
Director General, K.J. Somaiya Institute of Management Studies & Research,
Vidyanagar, Vidyavihar, Mumbai 400 077

Note: The University reserves the right to change or cancel any centre
All enquiries may be addressed to Coordinator, Joint Admission Test (MFC & MBE)
University of Delhi South Campus
Benito Juarez Road, New Delhi-110021
E-mail: admissions@mfc.edu
Tel. : 24118854, 24111141, 24112503, 24116180 to 82, 24116752 & 53 Extn. 286
Fax : 24116570, 2411141
 www.sitafinearts.com

Price: Rs.700/- for one programme, Rs. 1200/- for two programmes
Price for SC/ST candidates Rs. 300/- for one programme, Rs. 500/- for two programmes
(on submission of an attested copy of SC/ST Certificate)