MBA Syllabus for Semester Statistical Analysis & Operations Research and Financial and Cost Accounting

MBA Syllabus for Semester I (first)
Subject: Statistical Analysis & Operations Research

Reason for studying Statistical Analysis & Operations Research: The basic aim of this course is to impart knowledge of basic statistical tools & techniques and operartions research with emphasis on their application in Business decision process and Management.

UNIT-I
Statistics : Concept , Significance and Limitations . Collection of Primary and Secondary Data, Classification and Tabulation , Frequency Distributions and their graphical representation.

UNIT-II
Measures of Central Tendency : Mean, Median and Mode . Measures of Dispersion : Range, Mean Deviation , Standard Deviation and Quartile Deviation . Moments , Measures of Skewness and Kurtosis .
UNIT-III
Sampling : Methods of Sampling ; Sampling and Non-Sampling Errors ; Law of Large Numbers and Central Limit Theorem (without proof) . Estimation , Point & Interval Estimates , Confidence Intervals . Statistical Testing - Hypothesis and Errors ; Large and Small One Sample and Two sample Tests - Z test, t -test and F-test. Chi-Square as a test of Independence and as a test of Goodness of Fit ,Analysis of Variance .

UNIT-IV
Linear Programming : Problem formulation, Graphic Method , Simplex Method(including Big M Method) , Duality , Transportation and Assignment problems .

UNIT-V
Decision Theory & Games Theory : Decision making under uncertainty - Laplace principle , Maximin or Minimax principle , Maximax or minimin principle , Hurwicz principle and Savage principle , Drcisions under risk ; Decision Tree Approach and its applications . Two person zero -sum game , Pure Strategy and Mixed Strategy

Suggested Readings :
1. Levin , R.I. & Rubin , D.S.: Statistics for Management(PHI)
2. Gupta , S.P. & Gupta , M.P. : Business Statistics
3. Levin , R.I. : Quantitative Techniques
4. Sharma , J.K : Operations Research : Theory and Applications






MBA Syllabus for Semester I (first)
Subject: Financial and Cost Accounting

Reason for studying Financial and Cost Accounting : The basic purpose of this course is to develop an insight of postulates , principles and technique of accounting and Cost accounting as well to provide students the basic fundamentals of accounting .

UNIT- I
Financial Accounting - Nature and objectives, Accounting Principles , Accounting Equations, Accounting Standards, Capital and Revenue receipts & payments , Depreciation methods and accounting .

UNIT-II
Origin and Analysis of Business Transactions - Types of Accounts , Journal , Ledger and Trail Balance , Inventory Valuation techniques and accounting .

UNIT-III
Financial Statements of Trading Organisation - Preparation with adjustments , Final Accounts of Limited Liability companies - P/L Account , P/L Appropration Account, Balance Sheet .

UNIT-IV
Cost classification , Analysis and Behaviour- Classification of Cost on different basis and Technique for separation of Costs . Product - Costing , Unit Costing ,Job Costing and Process Costing .

UNIT-V
Full Costing , Reconciliation and integration between financial and Cost accounting .

Suggested Readings :
1. Horngren , Charles etc. - Principles of Financial & Management Accounting , Eaglewood Cliffs , New Jersy , PHI.
2. Needles Beleved etc. - Financial and Management Accounting , Boston , Houghton Miffin Co.
3. Bhattacharya - Financial Accounting , PHI .
4. Ravi M . Mohan - Financial Accounting , Taxamann , New Delhi.
5. Vj. madhu - Financial and Management Accounting , Anmol Publications , New Delhi . 

MBA Syllabus for Semester I (Business Environment and Managerial Economics)

MBA Syllabus for Semester I (Business Environment and Managerial Economics)

MBA Syllabus for Semester I (first)

Subject: Business Environment


Reason for studying Business Environment: The course aims to educate the student with the different environmental factors which effect business. This course aims to develop ability to understand and scan business environment in order to analyse the opportunities and take decisions under the uncertainty.

UNIT-I
Concept, Significance and nature of Business Environment ; Elements of environment - internal and external ; Different roles of government in relation to business ; Social Responsibilities of Business .

UNIT-II
Broad profile of Indian Economy , Industrial Policy - its historical perspective(in brief) , Industrial Policy Liberalisation . Economic Planning in India ; Rationale of economic planning , latest five year plan .

UNIT-III
Public sector -its objectives and working , major problems of public sector enterprises ; Privatisation of public sector enterprises - the issue involved . Role of Private and Joint Sectors. Securities Exchange Board of India - Organisation and Role , Regulation of Mergers and Acquisitions.

UNIT-IV
Competition Act ; Industries Development and Regulation Act ; Consumer Protection Act -its main provisions.

UNIT-V
Latest Export - Import Policy ; Foreign Exchange Management Act ; Globalisation and Business practices, ,WTO- objectives and Role in International trade .

Books Suggested:
1. Rudra Dutt: Indian Ecnomy
2. Ghose P.K. : Government & Industry
3. Francis Cherunilam : Business Environment
4. Kuchhal S.C. : Industrial Economy of India
5. K. Ashwathapa : Business Environment 


MBA Syllabus for Semester I (first)

Subject: Managerial Economics

Reason for studying Managerial Economics: The basic objectives of this course is to familiarise the students with the concepts and tools of managerial Economics as applicable to decisions making in contemporary business environment.

UNIT-I
Nature and scope of Managerial Economics : nature and scope of Managerial Economics , its relationship with subjects . Objective of Firm, Fundamental Economic concepts- Opportunity cost concept , Incremental concept, Principle of the perspective , Discounting principle and Equimarginal principle .

UNIT-II
Demand Analysis : Concept and importance of Demand & its determinants , Income & Substitution effect, Various elasticities of demand , using elasticities in managerial decisions , revenue concepts, relevance of demand forecasting , methods of demand forecasting .

UNIT-III
Cost Concept and Production Theory : Various cost concepts & classifications, Cost output relationship - in short run and in long run , (cost curves), Economies of scale , cost control and cost reduction , Production function , managerial uses of production function , Indifferent curves. .

UNIT-IV
Pricing Decisions : Pricing methods , Price Discrimination , Price and output decisions under different market structures - Perfect competition, Monopoly and Monopolistic Competition , Oligopoly .

UNIT-V
Profit & Inflation: Profit, Functions of profit, profit maximisation, Break Even analysis , Inflation - Types, in terms of demand pull & cost factors , effects of inflation .

Books Suggested:
1. Habib-Ur-Rehman Managerial Economics
2. D.C. Hague Managerial Economics
3. Trivedi Managerial Economics
4. Mote, Paul & Gupta Managerial Economics: Concepts & Cases
5. Peterson & Lewis Managerial Economics
6. D.N. Dwivedi Managerial Economics 
7. D. Gopalkrishan A study of Managerial Economics
8. Varsney & Maheshwari : Managerial Economics 

MBA Syllabus for Semester I (MANAGEMENT CONCEPTS)

MBA Syllabus for Semester I (first)

Subject: MANAGEMENT CONCEPTS

Reason for studying Management Concepts: The main reason for this subject is to develop a basic understanding about the management concepts as well as of human in various managerial processes in organisation among the students.

UNIT-I
Management: Definition, nature, process, functions & skills . Evolution of management thoughts - F.W. Taylor, Henri Fayol, Max Weber , Elton Mayo .
Management Approaches- System approach, Contingency approach .
Business Organisation - Types of ownership.

UNIT-II
Planning: Concept and purpose , Planning Process , Management by Objectives(MBO), Decision Making . Organisation : Concept and purpose of organisation , Types of organisation , Line, Line & Staff, Matrix , Virtual Organisation structures . Basis of Departmentation , Concept of Authority, Functional Authority, Delegation of Authority , Centralisation and Decentralisation of Authority. Coordination . Staffing .

UNIT-III
Directing: Leadership - Concept , Traits, Styles . Communication : Concept, Types , process, barriers, making Communication effective .
Controlling: Concept, process, Requirement for Adequate control , Budgetory Control , Non-Budgetory Control .


UNIT-IV
Business Process Re-engineering - Concept , Process, Redesign, BPR experiences in Indian Industry .
Total Quality Management(TQM) - Concept , Systems model of Quality, Deming's approach, TQM as a business Strategy .
Knowledge Management (KM)- What , why, how, of Knowledge Management , KM process , approach, strategies, tools.
E-commerce- Ideology, methodology, classification by application /nature of transactions , Driving Forces of EC, Impact of EC, Scope .


UNIT-V
Functional area of Management - Concept, objectives, scope and principle of Marketing Management, Production Management, HRM , Finance, Material management

Books Suggested:
1. Stoner, Freeman , Gilbert Jr. : Management (Pearson education)
2. Kootz,O'Donnell , Weighrich : Essentials of Management
3. Michael , J. Stahl : Management -Total Quality in a global environment ( Blackwell Business)
4. Newman , Warren and Summer : The Process of Management , Concept, Behaviour & Practice .
5. Brech , E.F.L. : Principles and Practice of Management
6. Drucker , P.F. : Managements , Tasks , Responsibilities , Practices
7. Asha Kaul : Effective Business Communication (PHI)
8. RonLudlow, Fergus Panton : The Essence of Effective Communication(PHI)
9. Efrain , jae, david , H. Micheal : Electronic Commerce : A Managerial Perspective (Pearson Education)
10. Carr D.K. and Johansson H.J. - Best Practices in Re-engineering (MGH)

11. Jayaraman M.S.: Business Process Re-engineering (TMG) 

JOB AFTER MBA IN HUMAN RESOURCE MANAGEMENT (HRM)

To manage employees and workers, Most of the Organization depends upon the Administration department. The administration department have the professionals who make plans for implementing the right schemes for the growth of the organization and welfare of the Employees and workers. Mainly organization appoints the candidate with MBA in Human Resource Management. These candidates with MBA in Human Resource Management have the ability to make and implement the various plans and schemes to run the organization smoothly and give satisfaction to the employees.

Job in Government Sector after MBA in Human Resource Management
The students after completing their studies in MBA (HR) and want to start their career in the Government Sector, they can join as a Management Trainees. Many Government Organizations publish advertisement for the candidate with MBA (HR) Degree.
Some of the major public sector organizations where MBA (HR) candidate are required are  Steel Authority of India Limited (SAIL), National Thermal Power Corporation (NTPC),Bharat Heavy Electricals Limited (BHEL), Food Corporation of India (FCI), Heavy Engineering Corporation (HEC), Bharat Sanchar Nigam Limited (BSNL), HLL Lifecare Limited, Delhi Metro Rail Corporation, Centre for Development of Advance Computing (CDAC)

JOB after MBA in Human Resource Management in Private sector
There are lots of find lucrative opportunities for the Candidates having MBA (HR) in Private Sector companies.  Following are the post available for the candidate after completing MBA in Human Resource Management
        Human Resources Manager
        HR Consultant
        International Human Resources Professional
       Training & Development Manager
        Executive Recruiter
        Human Resources IT Specialist
           Chief HR Officer
         Vice President of Human Resources
MBA (HR) can also join Private Banks such as ICICI Bank, AXIS Bank, Bandhan Bank, HDFC bank as a Manager in HR Department.

Job in Foreign Countries after MBA in HRM
Many students have the dream to work in overseas. MBA in Human Resource Management can also fulfil their dream as it gives opportunities to work in international companies. It is very necessary for those students who want to work overseas to develop skills to survive in international market.


Summary

The various activities of an organization such as Hiring of Employees and workers, their salaries according to their education & skills, Training & development etc are handling by MBA in HR Professionals. So there are lots of job opportunities in the field of human resource management. An MBA in HR graduate can work in all the organizations either public or private sector. 

Syllabus of MBA Finance

Syllabus of MBA Finance


1st (First) Semester

a)    Financial Management - Meaning and Objectives, A's of Financial Management, Scope and Functions of Financial Management, Financial Planning and Forecasting.

b)    Capitalization - Under and Over Capitalization, Capital Structures - Computation of cost of capital, Trading on Equity, Leverages - Type and Significance

c)    Capital Budgeting - Nature and Significance, Time value of money- Discounting and Compounding - Methods of evaluating Capital Expenditure proposals. Analysis and interpretation of Financial Statements using the techniques of Ratio Analysis and Fund Flow analysis.

d)    Working Capital Management - Nature of Working Capital Management, Need for working capital - operating cycle, estimation of working capital requirement - Management of Cash and Receivables, Cash Budget.


2nd (Second) Semester

a)        Management of Profits-Dividend Policy, Procedural and Legal formalities involved in the payment of dividend-Bonus Shares.

b)        Advanced Financial Management - Accounting Standards, Capital Structure Theories, Dividend Distribution Theories, Capital Budgeting, Economic Value Added (EVA) and Financial Analysis using tools such as Cash Flow and Fund Flow.

c)         The Finance function : Nature and Scope. Evolution of finance function - The new role in the contemporary scenario - Goals of finance function - maximizing vs. satisfying (School); Profit vs. Wealth Vs. Welfare ; the agency relationship and costs - The new debate on maximizing - Vs- satisfying. Wealth maximization and Risk-Return trade off.

d)        The Investment Decision: Investment decision process- Project generation, project evaluation, project selection and project implementation. Developing Cash Flow Data. Using Evaluation Techniques - Traditional and DCF methods. The NPV vs. IRR Debate. Approaches for reconciliation. Capital budgeting decision under conditions of risk and uncertainty; Measurement of Risk - Risk adjusted Discount Rate, Certainty Equivalents and Beta Coefficients , Probability tree approach - Sensitivity analysis.

3rd (Third) Semester

a)     The Financing Decision: Sources of finance - a brief survey of financial instruments. Concept and financial effects of leverage. The capital structure decision in practice: EBIT - EPS analysis. Cost of Capital: The concept - Average vs. Marginal Cost of Capital. Measurement of Cost of Capital - Component Costs and Weighted Average Cost. The Dividend Decision: Major forms of dividends - Cash and Bonus shares. The theoretical backdrop - Dividends and valuation; Major theories centered on the works of Gordon, Walter and Lintner - The basic dividend theorems for valuation. Dividend policies of Indian Companies.

b)     Current Assets Management : Concepts and characteristics of working capital. Factors determining the working capital. Estimating working capital requirements. Working capital policy. Management of current assets - Cash, Receivables and Inventory. Cash budget, Receivables policy, Credit terms - Financing current assets - Customers credit. Short term bank finance - Bank norms for working - Capital financing.

c)     Corporate Restructures: Corporate Mergers and acquisitions and take-overs - Types of Mergers - Economic rationale for Mergers, motives for mergers, Financial Evaluation of Mergers - different approaches for valuation.. Corporate Value based management systems - Approaches - Principles of good corporate Governance.

d)     Advance Financial Services - Overview of Indian Financial System, Capital Market, Secondary Markets - Stocks Exchanges in India, Money Market and Credit rating

4th (Fourth) Semester

a)        Banking and financial Institutions -Developments since 1991 -Types of bank -Instruments, Study of various interest rates, RBI-Role played, Commercial Banking and Non-Banking Financial Companies.

b)        Security Analysis & Portfolio Management - Investment Scenario, Risk and Return, Security Market Indicators, Equity stock valuation models, Bond valuation, Efficient market hypothesis, Emerging trend of Security Analysis in global market, Portfolio analysis and portfolio selection and Personal Financial Management

c)         Risk and Insurance Management - Introduction to Risk Management, Instruments of External techniques of Risk Management, Life Insurance General Insurance and Legal framework and documentation

d)        Strategic Financial Management and Cost Management

e)        International Financial Management - Foreign Exchange Markets, Multinational Banking Market Efficiency, Foreign Direct Investment and Capital market theory in International context.

 

Scope of MBA Finance

MBA finance helps its participants to manage the financial transactions of the company in an effective manner and efficient. The scope of the MBA finance is quite high in today scenario as MBA finance professionals after completing the study of raising capital, investment strategies, market economics and its effective utilisation join the management of a company. The MBA finance professionals have the options either to search a job or go for higher studies. An MBA Finance degree help the candidate to find the job in both sector Public and Private with attractive salary and perks.


After completing the study in MBA finance, a candidate can join as a following position in a company
Cash Managers

Asset Management

Corporate Finance

Corporate Banking

Credit Risk Management

Derivatives Structuring

Hedge Fund Management

Private Equity

Treasury

Chief Financial Officer

Corporate Controllers

Credit Managers

Credit Risk Management Analyst

Financial Manager

Financial Research Analyst

Financial/Securities/Investments Analyst

Investment Bankers

Management Consultants

Personal Financial Adviser

Portfolio Manager

Risk and Insurance Managers

Treasurers

 

Options for Higher Studies after MBA in Finance

The MBA Finance degree provide an opportunity to the candidate to take admission in higher study courses. The desirable higher educational programs after MBA Finance are as follows: -

1.       Doctor of Business Administration (DBA)

2.       Doctor of Philosophy (Ph.D.) in Management

3.       Executive MBA

4.       Fellow Program in Management (FPM)

5.       Management Development Program

6.       Doctor of Philosophy (Ph.D.) in (Business Management)

7.       Doctor of Philosophy (Ph.D.) in (Banking Technology)

MBA admission procedure in USA

MBA admission procedure in USA

United Stated of America is one of the most favourite places for the students who want to study in abroad. In USA, students have opportunity to choose the best course for him from a number of courses according to their interest. Mostly students are looking for MBA programmes in USA and try to get admission in best and leading Business School.
For taking admission in MBA, aspirants must have to follow certain application procedure. We have found that most of the B-schools have different application process but some of the major things are common.  The application procedure of MBA programmes requires the right approach and uniqueness in application. It is completely wrong that the process of application is very complicated.
The first step is to get admission in B school of USA is to obtain application form of those college which a student want to take admission.
MBA application form can be obtained from the following ways: 
  1. Requesting Application Forms from respective university through Email: You can email to the university requesting application forms. You can find the email on the B-School websites. 
  2. Application form can be downloaded from the university's website: Many B-schools have uploaded their applications which can be easily downloaded and printed by MBA Aspirants.


Academic Record
The past academic record and experience of the students played a key role in securing admission in MBA programme in USA universities. Many universities demanded for official transcripts such as mark sheet of each school and university attended. For taking application, it is very necessary for most of the B-school in USA that you have good academic record. It is very urgent to know that the universities and B-schools of USA have their own marking and evaluation system which are different from other universities and B-schools.

Standardized Admission Test :
The most important tests which are generally needed for taking admission to the MBA program in a US business school are  GMAT (Graduate Management Aptitude Test) and TOEFL (Test of English as a Foreign Language). GMAT is required by almost all MBA schools in United State of America.
The minimum and minimum GMAT score is 650 and TOEFL score IBT based is 80 which is generally considered by most of the B-Schools in USA.

Work Experience:
Most of the top USA Business Schools requires a couple of years of work experience. Your work experience played a very important role for taking admission in Master in Business Administration.  

Letter of Recommendation:
The letter of recommendation helps you in taking admission in MBA in USA as it is a signed statement from people who know you professionally.

Application Essay for MBA admission:

The personal essays play a very important role in MBA admission process.

Online MBA Degree Program in India

People choose Masters in Business Administration programs because this program improves the employment opportunity. The study of Marketing, Human Resource, Finance and Information Technology enable students to hold an important position in any company. Human Resource department, Marketing department, Finance department and Information Technology department played a very important for successfully running of a company.
In this post, we are going to discuss about the Online MBA Degree Program in India. Students can obtain a degree in Online MBA Program on following specialization in India
Specialization in Human Resource (HR) Management
Specialization in Finance and Accounting Management
Specialization in Marketing Management
Specialization in Information Technology Management
Specialization in Operations Management
Specialization in Entrepreneurship Management
Specialization in Risk Management
Specialization in Logistics Management
Production Management
Specialization in Strategic Management
Specialization in Business Process Management
Specialization in Supply Chain Management
Specialization in Infrastructure and Real Estate Management
Specialization in Oil and Gas Management
Specialization in Tea Management
Specialization in Energy Management
Specialization in Telecom Management
Specialization in Retail Management
Specialization in Textile Management
Specialization in Sports Management
Specialization in Tourism Management
Specialization in Shipping Port Management
Specialization in Operations Management
Specialization in Rural Management
Specialization in Brand Management
Specialization in Business Analytics
Specialization in Environment Management
Specialization in Biotechnology Management
Specialization in Knowledge Management
Specialization in Industrial Management
Specialization in Quality Management
Specialization in Hotel Management
Specialization in Hospital Management
Specialization in Facility Management
Specialization in Fashion Management
Specialization in Healthcare Management
Specialization in Export Management
Specialization in Event Management
Specialization in Communication Management
Specialization in Construction Management
Specialization in Customer Relationship Management
Specialization in Co-operative Management
Specialization in Dairy Management
Specialization in Design Management
Specialization in Disaster Management
Making a choice of Specialization

It is not an easy task to choose the specialization in Master in Business Administration Degree Program. Students have to choose their specialization very carefully on the basis of interest and instincts so that they can rise in their fields. Never choose the specialization on the basis of high salary and peer pressure. Always remember a subject of your interest will be a best choice for your Specialization. Before selection the specialization, please study the list carefully and think twice in which subject you want to go for. For example if a student has good communication skill and he love to interact with people, he must choose marketing specialization and not any other specialization.

Top 10 MBA Streams for Career

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