are some such opportunities. Further, we get a clear edge since industry interaction is routinely secured to us by way of annual conventions, seminars, workshops, symposia and research work.” Another second-year student, Puneet Kajla, says, “There is a fine blend of theory and practical knowledge. Our teachers provide us a broad framework where we can apply the knowledge we gain.”
While Goel feels that the curriculum of the department is at par with the Indian Institutes of Management, Kajla asserts that a student pursuing a master of finance and control (MFC) does not lack anything when compared to an MBA (finance) student.
“Before I joined this institute, I knew that finance is my forte. Plus, I didn’t want to waste a year pursuing MBA where finance is taught in the second year. The uniqueness of our curriculum is that it includes some aspects of marketing and human resources along with in-depth knowledge of finance. So, it is a win-win situation for me.”
USP: The department is a preferred destination for employers who wish to recruit for coveted jobs in areas like investment banking, corporate finance, financial research, analytics, corporate banking, and consulting. Some of the organisations that visited the campus this year include Morgan Stanley, Nomura, SBI Capital Markets, DE Shaw, Nestle, RBS, Citibank, Kotak Mahindra Bank, Deustsche Bank Operations International, American Express, Ernst & Young, DTZ, and CARE Ratings.
“Though the industry at present is going through a rough phase, at DFS more than 80% of the 2013 batch has been placed and companies are still coming for recruitment,” says CP Gupta, head of the department. The highest pay-package this year is Rs. 18 lakhs per annum and the average is Rs. 8.40 lakhs per annum.
“DFS offers in-depth product knowledge with a thorough understanding of the financial sector and its nuances. On the other hand, it infuses you with the confidence and sense of conviction needed for successfully handling the requirements of clients,” says Aashish Khaitan, senior vice president, head-family office services, Kotak Wealth Management.
Programmes: DFS offers a flagship programme — MFC. “We are fully aware that in today’s corporate world, one not only has to be a master in various functional areas like marketing, operations and organisations, but he/she also has to be an expert in a particular functional area. So, we develop our students in a holistic and integrated manner while making them experts in finance,” says Muneesh Kumar, a professor in the department.
Admission to MFC is through the Indian Institutes of Management’s Common Admission Test along with a group discussion and interviews. There are 49 seats, including reserved seats as per University of Delhi rules. Any graduate with 50% marks and above can apply for MFC. Class 12-level maths is a must for admission.
The department also has a PhD programme with specialisations in e-commerce, organisational behaviour, marketing, finance and accounting. Admission to the PhD programme is through a test held by the department, followed by an interview. Anyone with a postgraduate degree in related areas can apply.
Infrastructure: Since the department is located at south campus, students make use of the state-of-art university facilities like Wi-Fi-enabled classrooms, a conference room, access to electronic databases and a library which has nearly 2,00,000 titles and subscribes to over 500 journals and business publications.
Activities: Conferences, seminars and workshops are a regular feature at the department. Association of Finance and Control, the student body of MFC, organises annual conventions. Arvneeti, an inter-college event, is an opportunity for students to explore the finer nuances of financial strategy. Other activities include HR conclaves and initiatives like Travel and Learn. The objective is to give the students a hands-on experience of corporate workspace environment. Thirty students went to Mumbai last year and visited corporate offices of various companies and interacted with senior business representatives.
The master of finance and control (MFC) programme was launched by the University of Delhi in 1987-88 at South Campus. MFC emerged as a highly successful professional programme in terms of students’ response and industry acceptance considering the quality of placement over the years. The transformation from the controlled and regulated economy to a globalised one since the early 1990’s brought about a sea change in the Indian financial environment implying both challenges and opportunities for finance academics as well as professionals. This led to the establishment of Department of Financial Studies in 1994 which provides the necessary infrastructural umbrella for servicing the MFC programme
“Since we work under the ambit of Delhi University, there are some constraints. MFC is a professional course but we follow the same guidelines as MA courses. We should be given some autonomy so that we can make our presence felt,” say students