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Department of Business and Financial StudiesUniversity of Kashmir

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VisionThe Department intends to be one among the centres of excellence in Finance and Accounting Education and Research in the country

MissionThe department strives to impart quality education to the students in the area of Business and Finance and Accounting reinforced by experiential learning thereby enabling them to play significant and productive role in the national economy within the global business context

Goals• To provide students with necessary academic, technical and

professional base to prompt and encourage them to pursue careers in Finance and Accounting

• To equip students with knowledge, understanding and skill base necessary for them to use the same effectively in their prospective employing organizations

• To conduct research that would address contemporary issues confronting business organizations which would form an edifice for a strong policy implication programme necessary for future economic development of the country

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ContentsAdvisory Board ....................................................................4Vice Chancellor’s Message ..................................................5Message from the Head ......................................................7The University of Kashmir ...................................................9The Department .................................................................10Academic & Research Programmes ...................................11The MFC Programme ..........................................................12Course Structure .................................................................14The Faculty ..........................................................................15The Adjunct Faculty .............................................................19Instructional Pedagogy ........................................................20Corporate Relations & Placement ........................................21Internship Placement ...........................................................22Dissertation / Project Report ..............................................26Academic Support Services .................................................27Extra- curriculum & Co-curriculum Activities .......................28Admission Policy & Procedure .............................................29Guidelines for Admission Test ..............................................32How to Apply ........................................................................34Academic Calendar ..............................................................36Fee Structure .......................................................................37Life at MFC ...........................................................................38

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Advisory BoardMr Mushtaq AhmadChairmanJammu & Kashmir Bank Ltd.Corporate HeadquartersM. A. Road, Srinagar

Mr A U TakRegional General MangerState Bank of India (SBI)Srinagar

Mr Parvez A NengrooPresident, CreditJammu & Kashmir Bank Ltd.Corporate HeadquartersM. A. Road, Srinagar

Mr Zubair IqbalState Head, Deputy Vice PresidentHDFC BankSrinagar

Mr Rajesh V. Bagwe Vice President, Human Resources Multi Commodity Exchange of India Ltd. (MCX), Mumbai

Mr Sudeshu PandeyCommissioner Secretary FinanceJ&K Government

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Vice Chancellor’s Message

There is no denying the fact, that the world including Indian sub-Continent is changing at a fast pace. Change is the only mantra of business today which enables business houses to gain advantage in today’s highly volatile environment. India having realized this phenomenon in its right perspective, has emerge as one of the strong economic powers of the world. This is further corroborated by its 2025 vision and a survey by McKinsey Global Institute (MGI) predicting India to be the world’s 25th largest consumer market. The survey boosts of the rise in the aggregate consumption of India fourfold from present 17 trillion to nearly 70 trillion by 2025. Given these developments, India is

listed by IANS as the most powerful country in the world after US, China and EU. Similarly, the new global line-up of 2010 (Global Governance 2025 jointly issued by NIC of the US and the EUISS of EU), also predicts India’s clout in the world’s economy.

It can, therefore, safely be argued that India is emerging big economic power which is reflected from its present economic indicators of exports, imports and foreign exchange reserves. The recent economic meltdown which adversely affected the West in particular and Europe in general, opened new opportunities for indigenous and financial engineers to offer their services to the global players. This has resulted in a great demand for producing ace proficient, hardcore and well chiseled financial managers having requisite professional deft and acumen.

Realizing the dire need and demand for producing these financial professionals to meet the future needs which have arisen in view of economic growth and market expansions globally and domestically, the Department of Business and Financial Studies, Kashmir University; (DBFS, KU) launched an appropriate and highly super-specialized PG Program in finance viz; Masters in Finance and Control (MFC) way back in 2005. This

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foresightedness of the department speaks volumes about their being visionary and also being able to capitalize its efforts to utilize the departmental resources and capabilities to attain the cherished goal of producing future talented finance professionals.

It is worthwhile to mention here that the MFC program, ever since its launching, has achieved many milestones like course structure being industry specific, fabulous track record of placements both internships and final placements in leading corporate houses across the country. This has been achieved under the dynamic leadership of Professor Nazir A Nazir, HOD, DBFS. I personally appreciate and acknowledge his sincere endeavor. I, equally appreciate the efforts of the Placement Cell of the department to have successfully placed over 80% of its MFCians till date in the leading and well reputed companies across the country.

I wish all prospective MFCians a successful & bright fututre.

Prof. (Dr.) Riyaz Punjabi

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Message from the Head

The financial sector reforms in the country entailed a much needed transition from interventionist approach to market based mechanism that resulted in change in the composition and structure of the financial sector of the country necessitating among other things the creation of human resource that would cater to the requirements of the companies that aspire to make a mark in the new dispensation. The human resource that can take up the challenging responsibilities in the financial sector with peculiar

analytical and conceptual skills in the areas like Financial Services, Investment Management, and Security Analysis etc. therefore, deserved bold initiatives from the academic and professional institutes of the country in preparing our posterity to meet the changing requirements of the financial sector. It is in view of this, the Department of Business & Financial Studies, University of Kashmir launched this highly innovative and super specialized course in the area of finance called MFC in the year 2005 with the sole purpose of building the new cadre of financial professionals having intellectual maturity, strength of purpose and ethical behavior and integrity.

The programme largely focuses on producing the competent and qualified professionals in the area of finance. The programme has a distinguished educational pedagogy emphasizing on the conceptual understanding of the subjects, development of technical, human and conceptual skills, exposure to practical applications and industry interactions to develop insights into industry practices. In fact the multipoint contact with the industry is the hallmark of this course which provides our MFCians first hand exposure to the real world of Indian Financial System.

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The question that is likely to haunt aspiring graduates is “Why Masters in Finance” (MFC). It is true that MFC is not yet a heavily branded professional course like CA, MBA, ICS because of its recent origin. However this course is gaining popularity in the financial world year after year because of its inherent strengths and relevance. MFC, a highly specialized professional course offers bright careers in the area of finance be it a Corporate Finance, Capital Markets, Forex Market, Banking, Insurance, Mutual Funds etc.

I invite you to join our MFC programme for successful and bright future.

Prof. Nazir A Nazir

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The University of Kashmir

The University of Kashmir is located in the lap of two precious jewels of nature, the Dal lake & the Nigeen lake in the town of Hazratbal, which is ten kilometers away from the city centre, Lal Chowk. Lal Chowk is the hub of Kashmir’s business and industry, with over 80% of Kashmir’s business being within a twelve-mile radius of the campus. The lush green campus surrounded with the Himalaya Mountains in the background is spread over an area of 225 acres of land.

The University of Kashmir came into being in the year 1948 by virtue of J&K University Act. The University has established a sound reputation within and outside the country due to its achievements in the academia. In recognition of outstanding performance in pursuit the university has been awarded Grade ‘A’ by All India National Accreditation and Assessment Council (NAAC), an autonomous body of the UGC. It has maintained a steady progress in terms of academic growth and expansion. The University is presently having ten faculties with 35 teaching departments and 11 research centres offering P.G. courses in traditional as well as emerging areas. Quality research to explore and develop new frontiers of knowledge is the hallmark of the University.

The University is well equipped with academic and support services. The campus has a network of 42 libraries attached to different Departments/Centres in addition to Allama Iqbal Libray which has a central place in the library network of the University. Allama Iqbal Libray has a high quality browsing centre with its own Web Server, VSAT, Radio Link and recently commissioned Wireless Internet connectivity. More than 2000 journals are available for online reference. The University provides a healthy and convenient living and learning environment.

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The Department The Department of Business & Financial Studies (Erstwhile Department of Commerce) was established in 1970 with the purpose to promote world class research and teaching in Commerce & Business. The first programme offered by the Department was Masters in Commerce. The research programmes for M. Phil and Ph. D were launched a little later. To keep pace with the changing requirements of public and private enterprises, the Department at different stages has launched various professional programmes in the area of Management and Commerce. The Department has had the privilege of being a pioneer in the dissemination of Management Education up to 1991, after which the Department of Management Studies came into being as a separate department.

Of late, after sustained efforts, the Department has the distinction of getting U.G.C. approval and funding for launching a super specialized course in the area of finance namely Master of Finance & Control (MFC) to meet the technical manpower needs of the ever expanding financial sector of the country.

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Academic & Research Programmes The Department offers the following professional programmes:

• Master of Finance & Control (MFC)

• Master of Commerce (M Com)

Research Programmes

• M Phil Programme

• Ph D Programme

Besides, the Department has the distinction of being the Accredited Study Centre of the Institute of Chartered Financial Analysts of India (ICFAI), Institute of Cost & Works Accountants of India (ICWAI) and Institute of Company Secretaries of India (ICSI).

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The MFC Programme The financial sector in India, which was hitherto over-regulated, has witnessed unprecedented changes both in structure and composition due to financial sector reforms undertaken in a big way for the last few years. As a result, corporate finance is changing from domestic funding to international funding; financial control is changing from simple accounting to integrated control system with lots of IT integration; investment management is changing form pure equity domain to debt driven market to complex derivative products; stock exchanges have come online, depositories have come up to effect electronic mode of share trading; financial services have expanded their horizon to fall in line with the changing requirements. All these developments have re-defined the role of financial analysts and this placing a premium on professionally qualified personnel. To prepare our posterity for taking up the responsible position under the brunt of these imposing challenges, the University of Kashmir is among a very few universities in India which has launched a highly innovative master’s level programme in Finance. The MFC programme is a two-year whole time master’s programme in Finance & Control aimed at the following broad objectives:

• To develop students into corporate financial managers by imparting them knowledge of concepts of finance, improving their ability to develop a framework for financial analysis and application in a dynamic business environment

• To nurture and to laden students with sound foundations in capital market mechanism and investment management and inculcate professional skills in Security Analysis and Portfolio Management

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• To develop students into chiseled professionals to manage financial services impeccably by building conceptual, legal and analytical understanding with the help of other allied spheres of knowledge

• To train and equip the students with latest IT tools and applications relevant in the area of Financial Management

• To develop and enhance an international perspective of the students which is vital for survival and growth of an organization in a global environment.

• To achieve aforesaid objectives of the programme, the course structure of the programme has been designed to move beyond conceptual and analytical framework to practical orientation with sound ethical and behavioral foundations.

Thrust Areas• Corporate Financial Management

• Banking & Insurance

• Equity Research & Analysis

• Investment Management

• Management of Financial Services

• Treasury Operations

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Course StructureThe Department has designed the program in line with ever increasing demand for professionals with a strong technical know-how of the financial concepts and processes.

The CurriculumThe course structure has been designed in a manner that provides conceptual foundations, practical exposure, foundations in IT and focus on ethical and social responsibilities. Master of Finance & Control (MFC) comprises of four semesters with the following subjects.

Semester - IMFC-101 Management of Organizations

MFC-102 Managerial Economics

MFC-103 Financial Accounting

MFC-104 Statistical Analysis

MFC-105 Indian Financial System

MFC-106 Information Technology for Managers

MFC-107 Business Environment & Regulatory Framework

MFC-108 Comprehensive Viva Voce

Semester - IIMFC-201 Organisational Behaviour

MFC-202 Monetary Economics

MFC-203 Corporate Accounting & Reporting

MFC-204 Operations Research

MFC-205 Corporate Finance

MFC-206 Financial Risk Management & Derivatives

MFC-207 Security Analysis & Portfolio Management

MFC-208 Comprehensive Viva

Semester - IIIMFC-301 Strategic Management MFC-302 Accounting for Decision MakingMFC-303 Funds Management in Commercial BanksMFC-304 Financial Management

MFC-305 Project Planning & EvaluationMFC-306 Corporate Tax Planning & ManagementMFC-307 Insurance Management MFC-308 Project Report

Semester - IVMFC-401 Business Ethics & Corporate Governance

MFC-402 Corporate Valuation & Re-structuring

MFC-403 Asset Liability Management In Banks

MFC-404 International Financial Management

MFC-405 Management Information System

MFC-406 Management Control System

MFC-407 Services Marketing

MFC-408 Seminar Presentation

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The FacultyThe Department has a team of qualified, competent and dedicated faculty. All the faculty members are holders of Ph. D degree with a rich exposure of diverse nature:

Dr. Nazir A NazirProfessor & Head

Area of Specialization:Human ResourceManagement/IndustrialPsychology/ Organisational Behaviour

e-mailnahmed2000@dbfsku.netnahmed2000@hotmail.com

Dr. Nazir A Nazir is in the profession of teaching and research for the last 22 years including 3 years of teaching at University College in Muscat affiliated to University of Missori Rolla, USA where he was heading the Department of Business & Economics. Dr. Nazir has to his credit more than 20 articles published in the national and international journals of repute. He has also edited one book and the other one is in the process of publication. He holds the editorialship of the journal viz, “the Business Review”. He has also guided a good number of researchers and scholars in the department and has also attended a number of conferences and seminars within and outside the state. He was also awarded the best paper presentation award in one the international conferences at Hong Kong. He is the guest faculty of IPMA, Academic Staff College etc. Prof. Nazir has the privilege of being a keen committed researcher. Prof Nazir has supervised a good number of Phd - Mphil Scholors

Dr. Syed Fayyaz AhmadProfessor (Presently Registrar,University of Kashmir)

Area of Specialization:Organizational Behaviour/Business Ethics/GeneralManagement

Email: sfayyadh@gmail.com

It is indeed a proud honour for the Department of Business and Financial Studies (DBFS) that Prof. Fayyaz Ahmad is presently holding the position of Registrar, University of Kashmir. Prof. Fayaz is senior most faculty member in the Department with a teaching experience of more than 30 years. Prof. Fayyaz has to his credit more than 20 research publications and a book. Prof. Fayyaz has supervised over 14 Ph.D’s and 25 M. Phil scholars. His areas of teaching include Organizational Behaviour, General Management and Business Ethics. Prof. Fayaz is well known amongst his taught for his unique phenomenal teaching pedagogy.

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Dr. Mohi-ud-Din SangmiProfessor

Area of Specialization:Accounting/ManagementControl System

e-mail:sangmi@dbfsku.net

Dr. Mohi-ud-Din Sangmi, presently professor in the department. Earlier he has served as Head and Dean of the faculty, besides having a wide experience of 23 years in teaching, research, consultancy and administration. He has been the Editor and Chief Editor of the Journal ‘The Business Review’ for about 10 years. He is visiting faculty to a number of Management institute and universities in India. Prof. Sangami is author of 4 books and more than 40 papers published in various national and international research journals. Prof. Sangami has the honor of heading Indian delegation to America under the International visitors Leadership Programme organized by US department of state Washington in 2006. He has been member of various professional and academic bodies in and outside the state such as UGC, Academic councils of various universities, boards of Research studies, Indian Institute of Public Administration and Indian accounting association. Prof. Sangami has been nominated as an expert member in the State Audit Advisory Board, with the Principal Accountant General of J&K, in recognition of his work.

Dr. Khursheed A ButtProfessor

Area of Specialization:Financial management/CapitalMarkets/Management of SmallScale Industries

e-mail:kahmad@dbfsku.net

Prof. Khursheed A Butt has recently been appointed as Director South Campus, University of Kashmir, which indeed is a proud honour to the department. He has 21 years of experience in teaching, research and consultancy with international exposure. He has worked in the universities of international repute at Dubai. He is a prolific writer, a keen researcher, besides being an erudite scholar. He has over 28 research papers and two books to his credit. His two books have the privilege of being masterpieces on Industrial Development in Jammu & Kashmir State. Presently he is working on UGC and ICSSR funded research projects entitled, “Evaluation on Entrepreneurship Development Programmes in J&K State and Industrial Sickness in Modern Small Scale Industries in J&K State”. In recognition of his work in the area of industrial development, he has recently appointed as a member of the working group on industrial development by the government of J&K. In addition to teaching he is actively involved in consultancy and management development programmes. Professor Khursheed also supervised two Phds.

Dr. Riyaz A RainayeeAssociate ProfessorArea of Specialization:QuantitativeTechniques/Human ResourceDevelopmente-mail:rizrainayee@dbfsku.net

Dr. Riyaz Ahmad Rainayee teaches subjects like Quantitative Techniques & Research Methodology. He has more than 15 research papers published in journals of national repute. He has attended a number of national and international conferences and seminars. He has over 16 years of teaching experiences. He is a guest faculty to J&K Institute of Management and Public Administration and Academic Staff College, University of Kashmir, Srinagar.

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Dr. Mushtaq A BhatAssociate Professor

Area of Specialization:Marketing Management /Services Marketing

e-mail:mb@kashmiruniversity.net

Dr. Mushtaq A. Bhat teaches Marketing Management, Services marketing, Consumer behavior and marketing research & Financial Services marketing. He has a teaching experience of over 17 years. His research focus is on Service Quality and Business Ethics. He has published more than 15 research papers besides one book on Service marketing. DR Bhat also supervised one Phd. He has actively participated and presented research papers in several national and international seminars/conferences. He is a guest faculty to the J&K Institute of Management & Public Administration, Hotel management & Staff Training of J&K Bank Ltd.

Dr. Mohamad ShafiSr. Assiatant Professor

Area of Specialization:Security Analysis & PortfolioManagement/BusinessEnvironment/International Business

e-mail:meem@dbfsku.net

Drawing on a teaching experience spanning more than 21 years at various levels Dr. Shafi, has twelve research papers to his credit, besides he has edited two books. Presently, Dr. Shafi is on extra ordinary leave for two years. He has attended many national seminars and conferences. He teaches courses like, “Security Analysis and Portfolio management”, “International Business” and “Business Environment”. Dr. Shafi has completed his doctoral research on “India’s Trade relations with EU: An Analytical Study of Emerging Issues & Dimensions.”

Er. Kaisar RasheedSenior Scientist (IT)

Area of Specialization:Management InformationSystems/E-Business andFinancial studies/RDBMS

e-mail:kaisar@dbfsku.net

Er. Kaisar Rasheed has a work experience of more than 8 years in software development at various places in USA. Er. Kaisar has about 6 years teaching experience at University of Kashmir. He is on the guest faculty of IGNOU. His areas of teachings include MIS, RDBMS & E-Business and Financial studies. He has published more than 6 research papers and a book as well. He has attended a number of national & international conferences and seminars.

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Dr. S. Parvez Ahmad ShahAsstt. Professor

Area of Specialization:Human ResourceDevelopment/ StrategicManagement/ Generalmanagement

e-mail:dr.parvez@dbfsku.net

Dr. Shah teaches General Management, Strategic Management and Business ethics and Corporate Governance. Dr. Shah has 12 years teaching experience at under graduate level & 4 years at P.G level. He has attended a number of national and international conferences and seminars. He has few research publications also to his credit. His area of specialization is HRD. He participates actively in the outreach activities of the Department especially has been looking after a critical assignment of Corporate Relations & Placement Affairs of MFCians in the capacity of being its Chairman, consecutively for the last 4 years. Dr Shah under the said Chairmanship could manage MFCian’s placements with the leading national & international institutions like, RBI, UTI, MCX, CCIL, IDBI, EXIM BANK, HDFC, ESSAR STEELS, BOA, JK Bank, Alok Industries, BOI etc.

Mr. Sartaj HussainAsstt. Professor

Area of Specialization:Banking/InternationalFinancial Management

e-mail:sartaj@dbfsku.net

Mr. Sartaj Hussain is a postgraduate in Business and Financial studies and also UGC-NET qualified and has over 8-years banking experience particularly in the areas like Forex Dealings, Asset Reconstruction, Loan Recovery and Settlements. Mr. Sartaj currently teaches subjects like Funds Management and Indian Financial Systems & ALM in the Department.

Dr. Sabiya MuftiAssistant Professor

Area of Specialization:HRM & Business Ethics

e-mail:dr.sabiya@dbfsku.net

Dr. Sabiya Mufti has joined the Department in 2009 as a permanent faculty. Dr. Sabiya currently teaches subjects like Organizational Behavior, Human Resource Management, Business Ethics and Financial Accounting in the Departemnt. Dr. Sabiya has one research paper published in the international journal and has also done a project sponsored by DEC, New Delhi.

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The Adjunct FacultyIn addition to the core faculty, the Department draws an adjunct faculty from sister departments like Law, Management Studies and Economics to teach certain specialized courses.

The Visiting Faculty

We believe that it is all the more important to provide an equal opportunity to our students to interact with doyens of industry and academicians of eminence to acquire practical insights into the realm of business. In line with this goal, we invite industry professionals, consultants and experts to speak on emerging aspects of Finance. The Department has the distinction of having form the following professionals, consultants and experts as Guest faculty. Many of them conducted expert sessions with our students during the just concluded session.

Name of the Guest Faculty Designation Institution /Industry

Mr. M. K. Pradhan General Manager Industrial Development Bank of India (IDBI), Mumbai

Prof. Debi S. Saini Professor of Human Resource Management Management Development Institute, Gurgoan, New Delhi

Prof. Dost Mohammad Dean, Faculty of Finance. Baba Ghulam Shah Badshah University, Rajouri

Mr. Parvez A. Nengroo President, Credit J&K Bank Ltd., Corporate Headquarters, Dalgate, Srinagar

Mr. Afaq Ahmad Regional Head Reliance Insurance, Srinagar

Mr. Rajesh Bagwe Vice President-Human Resources Multi Commodity Exchange of India Ltd. (MCX), Mumbai

Mr. Heitesh Shah Vice President, Finance Alok Industries, Mumbai

Mr. Zubair Iqbal Deputy Vice President HDFC Bank, Srinagar

Mr. Arif Ali Shora Senior Research Associate, Equity Derivatives Strategy Evalueserve pvt. limited, Gurgaon

Mr. Ishfaq Mir Chief Executive Officer Sapphire Corporation (P) Ltd.

Mr. Balvar Pooni Senior, HR Manager HDFC Bank, Chandighar

Mr. Altaf Hussain Chartered Accountant CA firm, Srinagar

Mr. Wajahat Nazki Project Coordinator/QC Specialist DHV INDIA (A Project Support Consultancy)

Dr. Shameem Ahmad Lecturer Department of Commerce Studies, Alighar

Mr. Jahangir Raina Chief Executive Officer ilocus, Srinagar

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Instructional PedagogyWe, at the Department believe that in addition to professional competence, our graduates need to be an embodiment of integrity, objectivity and ethical behaviour. Our pedagogy to develop competent and committed graduates to provide excellent leadership in their chosen areas of specialization comprise of:

• Lecturing to develop conceptual skills

• Case studies to acquire problem solving and decision making skills

• Seminar presentations to develop analytical and communication skills

• IT orientation to hone skills through the use of accounting & financial softwares

• Project work to analyze real life situation and come up with plausible solutions

Besides, we equally emphasize to inculcate in our graduates an ethical behaviour & integrity in their professional interaction.

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Corporate Relations & PlacementFor MFC Programme, the Department have in place an active placement programme. For seeking placement in potential companies, the Department is interacting with different industries on continuous basis. In addition to this, the Department has constituted an Advisory Board with members drawn from different industries to advise the Department on different aspects of the programme in particular regarding placement of students. In addition to this, experts from the industry are involved in the teaching process as guest faculty.

Managing placement affairs being a daunting task, the Department has constituted a placement cell, which comprises of Chairman Corporate Relations, Placement Officer and two MFC students. The Placement Cell is responsible for interacting with the potential employers to apprise them about the unique features of MFCians, maintaining corporate database, preparing Placement Brochure and many other allied activities. Further, the cell is providing career counseling to the students of the Department so as to enable them to prepare well for the final placement programme.

Team, Placement Cell Department of Business and Financial Studies University of Kashmir

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Internship Placement

An internship is an educational employment position that provides students an opportunity to practice what they have learnt in a classroom environment. We, at the Department place an equal emphasis on internship to achieve the following specific objectives:

• To provide opportunity to practice academic learning;

• To increase professional skills;

• To integrate learning about how specific projects relate to larger business goals;

• To develop greater understanding of business processes.

Enrollment to internship is compulsory for all the students. Each student will be placed during the winter in different companies for a period of two months to get a supervised training during the regular working hours of the selected companies. The company with which a student interns, designates one staff member as his supervisor who assists a student in the formulation of objectives for internship experience and arrange duties & responsibilities to meet internship objectives. At the conclusion of the internship, the company supervisor recommends assigns certain grade to the performance of the student pertaining to the project grade and dispatches the same to the department.

Reserve Bank of India (RBI), New Delhi

Multi-Commodity exchange (MCX), Mumbai

Industrial Development Bank of India (IDBI), Mumbai

Clearing Corporation of India Ltd. (CCIL), Mumbai

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Export Import bank of India (EXIM Bank), Mumbai

MetLife India Insurance Company, Banglore

Essar Steels, Power

Bajaj Allianz Insurance Company

Jammu & Kashmir Bank Ltd. (Mumbai & Srinagar)

Standard Chartered Bank

Liberty Oils Ltd.

HDFC bank

Transwarranty Finance Ltd., Ahmadabad

Unit Trust of India, Mumbai

Bank of India

Investors Services of India Ltd. (ISIL)

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Alok Industries

India Exporting Company

Karvy Consultancy Ltd.

CRISIL, Mumbai

RiskPro Pvt Ltd New Delhi

Fariyas Hotel Mumbai – 5 Star Hotel

JPMorgan Chase Mumbai

J&K State Power Development Corporation

Bank of America

iLocus Pvt Ltd.

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Final PlacementThe final placement of the first four batches had a robust beginning. This all could happen through a rigorous education and training at the department being imparted to them for the last five years spanning four semesters coupled with an internship programme (inclusive of a comprehensive project report). Our MFC pass outs are receiving handsome jopb oeffers with attractive packages. Five of the students have been placed with HDFC bank, this year. A number of students have standing offers from companies like Industrial Development Bank of India (IDBI), Essar Steel, Alok Industries, Metlife Insurance India Ltd., Bajaj Allianz our 32 students have already been absorbed against Financial Executives positions in JK Bank Ltd. Following the visits of the top notch officers of JK Bank to the department. During the last couple of years wherein they had fruitful interactions with the first 4 batches of MFC students, the JK Bank has special recruiting considerations for our MFCians in view of their study knowledge base in the area of finance besides tremendous practical exposure of the things. As mentioned above the majority of our students have standing offer for their final placement from the same leading financial institution besides HDFC, IDBI, Reliance Insurance etc. However we eagerly look forward to the final placement of our remaining MFCians in the above mentioned prestigious financial institutions where they have successfully carried out their internship projects on various aspects of finance relevant to the requirements of these companies. Presently our MFC & M.Com students are recruited in well reputed organizations ones like, Ernst & Young, Axis Bank, JKEDI, JKPDC, JK Bank, Reliance insurance Cos, Metlife Insurance, Bajaj Allianz, L.I.C., Meezan Bank, Dubai HDFC Bank, Wipro, etc.

In 2010 the department was visited for campus recruitment by companies like, HDFC Bank, and India Bulls good number of companies have expressed their desire to visit our department for campus recruitment. Some of these notable companies include, IDBI, Bajaj Allianz, FTKMC, MCX, HDFC Bank, Rehmat spices and others.

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Dissertation / Project Report

MCFcians are required to perform project work related to their area of specialization. The project study is the means by which the students show their ability to synthesize the range of knowledge and skill to provide a practical and viable solution to a problem. Students are judged on their ability to meet deadlines, to carry out critical evaluation, to write logically and concisely, draw valid conclusions and make meaningful recommendations. The project work is carried out in the 3rd Semester of the programme. The dissertation project report is subsequently assessed by the internal as well as external examiners.

AssessmentFor MFC we have evolved a mechanism of continuous assessment rather than an annual evaluation system. Continuously students learning advancements are assessed through class tests, simulation exercises, case presentations, seminars and panel discussions. The assessment focuses on how well our graduates are prepared in :

• Understanding professional and ethical responsibility;

• Conveying the technical information in written reports and oral presentations;

• Participating in team approaches to analyze and solve problems;

• Using accounting and financing softwares.

We have a policy of continuously providing a feed back to the students about their performance with the purpose to help them to plan improvements.

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Academic Support ServicesIn order to achieve our goal of being the best of the class, the Department provides adequate computer, library and other support services to augment classroom teaching.

Computer Facilities The Department is one of the premier centres of automation in the whole campus. The department boosts of a full-fledged computer lab with Local Area Network (LAN) and 24-hour Internet connectivity. The computer-student ratio is 1:2, which is comparable with the best in India. Our computer lab is fully equipped with financial & accounting softwares like Financial Oracles, Tally 7.2, Statistica, Minitab, SPSS etc. Well-qualified and committed computer professionals are there to guide and help students at each stage.

Audio Visual Lab Introduction of the state-of-art teaching technology has been the top priority of the Department. We have a well developed audio visual lab providing teleconferencing facility, utilizing LCD, TV, VCR and VCD players. The real treasure of our audio-visual lab is more than 100 management education films which the faculty members are using to supplement their teaching efforts to get best results.

LibraryThe department has a well developed seminar library with outstanding collection of text books, business reports, journals and other useful reading materials. The departmental library comprises of two sections viz., the reference & the reading section. The reference section contains several thousand books & reports in the area of Management, Accounting, Economics, Taxation, Law and other related areas. The reading room has on display news papers, journals, reviews and business reports which provide a very serene and absorbing environment for reading. The collections in the library are on continuous basis, updated and expanded to meet the growing needs of students, researchers and of the faculty. The Department is subscribing to a number of journals and research reports.

The learners can also make use of the Allama Iqbal Library which is the central library of the University with wide ranging collection of over 21 lac text and reference books and about 400 journals. The students can borrow books both form the Departmental as well as Central Library.

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Extra- curriculum & Co-curriculum Activities

The Department encourages students to actively engage in self-learning and at the same time to achieve physical growth by participating in various sporting activities. The University has sufficient infrastructure for various games. The University organizes inter-departmental, inter-college & international tournaments in all major sports.

Under MFC Programme, the students will have to form Business Clubs viz., Finance Club, Investors Club and Bankers Club. The clubs formed thus are organized & managed by the students themselves. These clubs organize Business games, Debates, Workshops, Panel Discussions on different aspects of financial world. These clubs among other things provide students a suitable opportunity to gain organizing and leadership qualities.

Accommodation FacilityThe residential character of the University has evolved a serene academic atmosphere in the campus. About 50% of students admitted to different programmes at the University are accommodated in separate Boys & Girls Hostels. Selected students of the MFC Programme are eligible for well-furnished accommodation in hostels located in the campus. Besides, indoor games and recreation facilities, the hostels offer mess facility as well. However, the accommodation in hostels is available on ‘first applied first serve basis’.

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Admission Policy & ProcedureNumber and Distribution of Seats

The maximum number of students to be admitted to the MFC programme is 30. The break-up of seats amongst the various reserved categories and the authorities whose certificate is considered valid are mentioned below:

Reserved Categories Percentage of Seats Issuing Authority

A. Scheduled Caste/Scheduled Tribe 8% Tehsildar Concerned

B. Weak & Under Privileged Classes 2% Tehsildar Concerned

C. Residents of Backward Areas 12% Tehsildar Concerned

D. Children of Permanent Residents of Defence Personnel/Children of Ex-Defence Personnel/Children of Permanent Residents of paramilitary Forces & State Police Personnel Living in the State

3%Commanding Officer of Unit, Zilla Sainik Welfare Officer & DIG concerned respectively

E. Candidates possessing outstanding proficiency in Sports

2%Director, Physical Education, University of Kashmir, Srinagar

F. Candidates possessing outstanding proficiency in NCC

2%“B” Group Commandant “C” Director, NCC

G. Physically Handicapped 3% Chief Medical Officer Concerned

H. Children of Gujjar & Bakerwals 5% Tehsildar Concerned

Notes:

1. The policy in respect of reservation of seats for various categories would be the same as per University policy in this regard. However, there will be no reservation in case of MFC programme for persons from outside the state and those who have graduated from Jammu University.

2. The University reserves the right to make changes in the admission procedure as well as intake capacity in respect of payment seats.

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Payment SeatsIn addition to thirty seats mentioned above, nine candidates shall be admitted to the MFC programme against payment strictly in order of merit they have obtained in the Entrance Test. However, only those candidates shall be considered under this category who have mentioned in their application forms that they should be considered for admission against payment seats as well.

Eligibility A candidate having passed any one of the following recognized degree with not less than 50% marks in aggregate at the graduation level (5% relaxation for reserved categories) :

• Bachelor’s Degree under 10+2+3 pattern of examination in Arts/Social Science/Science/Commerce/Business Administration

OR

• Bachelor’s Degree in Agriculture/ Engineering/ Law (professional) /Medicine/Information Technology or any other equivalent professional degree recognized by the University of Kashmir as equivalent to the qualification laid down under clause (1) or (2).

OR

• Having passed the Final examination of the Institute of Chartered Accountants of India (ICAI)/Cost & Works Accountants of India (CWAI)/Company Secretaries of India (CSI).

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Selection Process The selection for admission to the course shall be based entirely on the candidate’s performance in the Entrance Test, which consists of three components viz, “Written Test, Group Discussion and Personal Interview.” The stringent admission process ensures selection of qualified, motivated and meritorious students.

Note: In case two or more candidates shall be having identical merit in the entrance test, weightage will be given to the merit obtained by the candidates in the qualifying examinations.

Admission Test All eligible candidates will have to appear in a written test (objective type aptitude test) to be held at Srinagar and other approved centres outside the state (subject to the availability of at least 25 applicants in each centre). The candidates who secure 40% or more marks in written test (including reserved category candidates) shall be eligible to be called for group discussion and personal interview to be held at Srinagar. Candidates have to bear their traveling expenses for attending the GD/Viva themselves. However, the total number of candidates to be called for group discussion and interview shall be triple the number of available seats (in order of merit in written test) for open merit and reserved categories, separately.

Section No. Section No. of Questions Suggested time (minutes)

1. Language Comprehensive 40 30

2. Mathematical Skills 40 40

3. Data Analysis & Sufficiency 40 35

4. Intelligence & Critical Reasoning 40 30

5. Indian & Global Environment 40 15

Total 200 150

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Guidelines for Admission Test

General Instructions for Candidates• The candidates should sit at their assigned seat right on time.

• They should bring their admit cards, HB pencil, ball point pen, eraser and sharpener with them.

• They should remain seated after completing the test till the invigilator collects the test booklets and the response sheets. They will be allowed to leave the hall only after the test booklets and response sheets from all candidates in their hall have been collected and accounted for.

• Anycandidatefoundviolatingtheinstructionsofthetestwillbedisqualified.Anycandidategivingassistanceorseeking/receiving help form any source in answering questions or copying in any manner in the test will forfeit his/her chance of being considered for admission.

General Test Taking Suggestions • During the test administration, the candidates should read all instructions carefully. The instructions explain

exactly as to what each section requires, to answer each type of question.

• They should read each question carefully and thoroughly and before answering a question, should determine exactly what is being asked for.

• Although this test demands accuracy more than speed, it is important to use the allotted time wisely. The candidates should make every effort to pace themselves. They will be able to do so if they are familiar with the mechanics of the test, the kinds of material, questions and directions that are presented in the test.

• The candidates should take the questions in order, but should not waste time pondering over those that seem extremely difficultorunfamiliartothem.Awisepracticeistofirstanswerthequestionsyouaresureandconfidentof.Then,they should go back and reconsider any question in that section about which they were uncertain. However, if they skip a question, they must mark it in the test booklet so that they can return to it later.

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Instructions for Marking Answer Sheet

Answer sheets are scanned by OMR based machine. Thus accuracy in scoring is a result of accurate machine scanning, which in turn depends on the extent to which examinees mark their answer sheets properly.

Answer must be in the proper location on the answer sheet. Occasionally, scanning discrepancies occur. These are usually the result of the machine scanner misinterpreting, an incomplete eraser as an intended response or misinterpreting a light mark as an unintended response. Therefore, accurate scoring is dependent on the candidate’s strict adherence to the procedure prescribed by the test-conducting agency, which will be announced on the date of written test. Please note, it is the responsibility of the candidates to make certain that they understand and follow the directions for completing their answer sheet.

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How to ApplyThe candidates must complete the admission application form issued with this prospectus and submit that in the office of the Department of Business and Finacial Studies with the necessary documents by or before the last date notified for submission of completed application. The candidates can send the application forms by post also, but it must reach the Department by or before the last date. The following documents must be enclosed with the application form :

• Demand Draft drawn in favour of Registrar, the University of Kashmir or University receipt for Rs. 400/=.

• Attestedcopyofcertificatesofqualifyingexamination(s).

• Photographs to be pasted at given places on the application form.

• Categorycertificateissuedbythecompetentauthorityifapplyingunderreservedcategory.

The incomplete applications will be rejected and no information will be given to the candidates through post in this regard.

S. No.:

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How to apply on-lineCandidates interested in seeking admission in MFC programme offered by University of Kashmir are advised to peruse the MFC Prospectus 2011 thoroughly before applying for the programme.

MFC Prospectus-2011 shall be available in the Department of Business and Financial Studies, University of Kashmir.

The applicants are advised to follow the below given steps:

The candidates shall purchase the MFC Prospectus 2011 from the Department of Business and Financial Studies against the proper receipt.

The candidates shall access on the Internet, the official website of the University, “www.kashmiruniversity.net/ www.kashmiruniversity.ac.in” and click on ‘Admission 2011’ on the Homepage.

After opening the ‘Admission 2011’ they shall click on ‘Application Form’ and submit the same after completely filling it (Students already registered with University of Kashmir can get their particulars automatically extracted from the Database by entering their Prospectus Number, Receipt Number and Registration Number).

Once the duly filled Application Form is submitted a distinct Application Form Number will be displayed on the monitor [which needs to be noted by the candidates for use in future].

After the completion of the acceptance of the Application, the candidates shall open their Form by entering the Application Form number and Date of Birth (DOB) so as to download the auto-generated Form and Pay-in-Slip bearing the Application Form Number.

Only the Pay-in-Slip provided with the downloaded Form and bearing the Application Form number as on the main application form should be used for depositing the requisite fee.

The candidates will be asked to enter their date of birth and the Application Form Number allotted to them whenever they would access the website to know the status of their applications as also while downloading the admit cards, etc.

Entrance fee for the programme is Rs. 425/=. A candidate is required to deposit the entire amount of fee chargeable through the same Pay-in-Slip at any branch of the J&K Bank Ltd.

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The self generated Application Form and Counterfoil (University copy) of the Pay-in-Slip together with the attested copies of necessary certificates shall be deposited by the applicant within the stipulated time at Department of Business and Financial Studies, University of Kashmir, where s/he is an applicant, against a proper receipt.

Candidates seeking admission under reserved categories shall carry their original category certificate along with them at the time of deposition of application form and show it to the concerned official on demand. However, Original Certificates need not to be attached with the application Form in any case.

The Admit Cards can be downloaded from the official website “www.kashmiruniversity.net/www.kashmiruniversity.ac.in” only after reconciliation of the candidate’s fee is made with the J&K Bank Ltd. Status of the Admit Card can be checked from the official website of the University by entering the Application Form Number and DOB. The allotted Roll Number, Schedule of Examination and Centre of Examination will be communicated to applicants also through SMS, if the facility is available.

No candidate shall be allowed to enter the Examination Centre without producing an Admit Card and Identity Card.

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Academic Calendar(Batch 2011-13)

The Department follows a year-round academic calendar that enables a quick and effective introduction on innovations throughout the MFC Programme:

Semester Period

First July – December, 2011

Second March – July, 2012

Third August – December, 2012

Fourth March – July, 2013

During January-February, 2013, under Winter Internship Programme the 3rd semester students will be placed in different companies for a period of 2 months for undergoing practical training, which is a necessary component of their curriculum. Since, it has been a persistent policy of the department to seek such placements for the MFCians preferably outside the state of J&K in order to inculcate in them metropolitan and corporate culture together with its niceties.

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Fee Structure1st & 2nd Semester (to be paid at the time of admission)

Central Pool Fee Rs. 4,300.00

Departmental Fee Rs. 9,895.00

Library Development Fund (Iqbal Library) Rs. 600.00

Total Rs.14, 795.00

3rd & 4th Semester (to be paid at the time of admission to 3rd Semester)

Central Pool Fee Rs. 4, 300.00

Departmental Fee Rs. 4, 305.00

Library Development Fund (Iqbal Library) Rs. 600.00

Total Rs. 9, 205.00

Important Dates

Issue of Application Forms May, 2011

Last Date for Receiving Application Forms May, 2011

Issue of Admit Cards for Written Test June , 2011

Written Test June, 2011

GD/Viva Voce July, 2011

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Life at MFCMasters in Finance & Control is a program that not only enriches students with academic concepts and techniques, but grooms them through personality development activities. Students are able to express their ideas and creativity through a series of extra-curricular activities and events.

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For any other information regarding MFC Programme and Admission Test, please feel free to contact:

(Dr. Nazir A Nazir)Professor & Head

The University of Kashmir Department of Business& Financial Studies

Hazratbal, Srinagar – 190006

Kashmir, J&K State

Tel. Office: 0194-2427507

E-mail: nahmed2000@hotmail.com

Website: www.dbfsku.net

The Department/University reserves the right to make the necessary amendments in this prospectus.

Faculty of Department of Business and Financial Studies University of Kashmir

Department of Business and Financial StudiesThe University of KashmirHazratbal, Srinagar - 190006, J&K State

Tel. Office: 0194-2427507http://www.dbfsku.net

Email: nahmed2000@dbfsku.net

Designed by:

University Pubication Centre