Professional Certificate

Programme in Applied
Finance (Batch 02)
10 months | Blended | ₹2,34,000 + GST
IIM Kozhikode Advantage
From the Director’s Desk
In today's world, where financial markets are increasingly
complex and dynamic, the IIM Kozhikode Professional
Certificate Programme in Applied Finance holds significant
importance. This programme equips professionals and
aspiring finance experts with the knowledge and skills
necessary to excel in the field of finance. It covers essential
concepts and practices in finance, making it highly relevant
for individuals looking to make informed financial decisions, manage
investments, or pursue careers in finance.
IIM Kozhikode programmes, designed by world-class faculty with their
cutting-edge thought leadership and industry-leading insights, empower
participants to manage and lead complex managerial challenges with confidence
and data-driven decision-making ability. Our growing global footprint,
acknowledged and accredited by leading institutions of the world, is a testimony
to the growth we have achieved in our nearly 27-year journey of academic
excellence.
At this juncture, it is also pertinent to share that both, the future and the past, are
integral to the path taken by an institution on this journey of excellence. Having a
wide, far-seeing vision is not an indulgence but an activity that is necessary to give
meaning to our present, to give this Institution a sense of purpose, direction and
imagination. That is why we have chosen to think in terms of what IIM Kozhikode
will be able to contribute to India and the world some three decades from now
with ‘Vision 2047: Globalizing Indian Thought’. The Institute has set for itself a
pre-eminent role with the above motto. The sheer scale, scope and potential
impact that India will have on 21st century business makes us believe that this is
a legitimate aspiration.
Invest in your potential and jumpstart your career in a satisfying and rewarding
role by enrolling in the second batch of IIM Kozhikode's Professional Certificate
Programme in Applied Finance - Batch 02. Wishing you the best of learning
experiences here.

Prof. Debashis Chatterjee,

Director, IIM Kozhikode
Applied Finance
The Indian financial sector comprises of several segments – namely
commercial banks, new-age fintech start-ups, non-banking financial
companies (NBFCs), co-operatives, pension funds, mutual funds,
small and medium financial entities, and recently established
payment banks.
The banking and financial services industry is turning its focus
toward innovation to prepare for a future that will be increasingly
driven by technological innovations, regulatory reforms, ongoing
digital transformation, collaboration with FinTech, and the use of
artificial intelligence and robotics. As Industry 4.0 consolidates in
India, the banking and financial services sector will play a pivotal role
in helping the nation attain its economic ambitions.
Today, Indian financial services organisations are gearing-up to
operate efficiently in the changing world. With evolving technologies
and with businesses also transforming post the pandemic phase,
organisations have begun thinking beyond traditional bottom-line
metrics to develop strategies that serve both, the business and
societal needs.
A Career in Applied Finance
Finance is one of the fastest-growing sectors in India and the shortage of skilled talent
has led to a huge demand for applied finance professionals with management and
analytical competencies. As such, upskilled executives with professional credentials
enjoy lucrative career prospects including better job opportunities, faster promotions,
and accelerated mobility in career trajectories.

Chartered/Cost
Accountant
Management
Consulting

Risk & Fund

Compliance Management

CA₹EER
OPTIONS IN
FINANCE

Investment Banking
Corporate Law - Investment Banking Analyst
- Corporate Attorney - Portfolio/Wealth Manager
- Treasury Operations

Trading Actuarial Science

- Analyst
- Stockbroker
- Policy Formulation
Programme Overview
In today's fiercely competitive market, a robust understanding of Applied
Finance has become paramount for businesses seeking sustainable
success. IIM Kozhikode's Professional Certificate Programme in
Applied Finance offers an unparalleled opportunity for professionals to
bolster their financial acumen and thrive in today's competitive market.
Through its comprehensive curriculum and emphasis on contemporary
financial strategies, EPAF equips participants to make sound financial
decisions, manage risk effectively, and capitalise on opportunities for
sustainable growth and success.

Programme Highlights

Contextually designed Campus immersion

10-month programme for module of 2 days
working professionals

Peer-learning and IIM Kozhikode Executive

networking opportunities Alumni status
Learning Outcomes

Understand how to solve modern corporate finance

problems

Build knowledge for communication with finance

executives as well as external stake holders

Gain extensive knowledge of varied financial topics with

a focus on real-world applications

Acquire cross-functional competencies in the domain of

Applied Finance

Learn business valuation methods like Discounted

Cash Flow Method, Economic Value Added (EVA),
Relative Valuation, and Valuation of IPOs

Leverage programme knowledge and competencies to

navigate volatile market conditions

Acquire the overall techniques and nuances required to

develop financial strategies across all business realms
Programme Curriculum

1. Introduction to Financial Analysis

• Introduction to Financial Reporting and Statements
• Balance Sheet; Income Statement
• Cash Flow Statement
• Financial Statement Analysis

2. Mathematics and Economics in Finance: A Primer

• Statistics and Mathematics for Finance
• MS Excel Tools for Finance
• Economics for Finance

3. Financial Markets and Instruments

• Indian Financial System
• Financial Markets and Instruments
• Recent Trends in Financial Markets
• Forex and Derivative Markets

4. Corporate Finance
• Time Value of Money
• Making Capital Investment Decisions
• Net Present Value and Other Investment Rules
• Weighted Average Cost of Capital (WACC)

Activity-based Learning 1: Estimation of WACC for a Listed Company

5. Business Valuation
• Discounted Cash Flow Method
• Real Options Approach to Valuation
• Valuation of International Projects
• Project Finance

6. Mergers and Acquisitions (M&A)

• M&A Process
• M&A Deal Valuation
• Strategic vs Financial Acquisition
• Cross-border Deals

7. Fixed Income Securities

• Fixed Income Markets
• Bond Pricing and Valuation
• Duration and Convexity
• Term Structure and Trading Strategies

8. Investment Analysis
• Market Efficiency
• Risk and Return Models
• Portfolio Construction
• Portfolio Evaluation Tools

Activity-based Learning 2: Portfolio Construction and Analysis of a

Mutual Fund
9. Equity Research
• Stock Analysis: A Contrarian Approach
• Understanding Business Models
• Qualitative Analysis of Companies
• Behavioural Aspects in Investments

Activity-based Learning 3: Stock Selection

10. Financial Derivatives

• Options, Futures, and Swaps
• Pricing of Derivatives
• Hedging with Derivatives
• Trading Strategies

Activity-based Learning 4: Option Trading Strategy

Pedagogy
The teaching approach will be highly interactive taking advantage of the
technological benefits. The pedagogy followed for the programme will be a
judicious blend of lectures, case studies, and participants’ experience sharing.

Programme Delivery
Sessions will be conducted via a state-of-the-art Interactive Learning (IL) platform
and delivered in Direct-to-Device (D2D) mode that can be accessed by learners on
their Desktop, Laptop, Tablet, or Smartphone. Participants will be provided reading
materials etc., for each course. They may also interact with the concerned faculty
through e-mails/chat mode.

Duration
Campus Immersion
10 months
There will be 2 days of campus immersion at IIM
Schedule* Kozhikode.
The in-campus modules are subjected to the conditions
Saturdays:
that prevail at the point of time. These conditions
9:00 a.m. - 12:00 p.m
pertaining to the pandemic or other unavoidable
reasons. In case the on-campus module is not
confirmed due to COVID-19 situation, the same will be
included in the total number of online sessions.
 Eligibility Criteria
• Diploma (10+2+3) or Bachelor’s Degree or equivalent (10+2+3 or
10+2+4) or Integrated Master’s Degree (10+2+5) or equivalent from a
recognised university (UGC/AICTE/DEC/AIU) in any discipline
• Minimum 3 years of relevant work experience* after completion of
qualifying education

*Internships and trainee experiences will not be considered as full-time work experience.

Who Should Attend?

• Junior to senior level mangers
working in the public and private
sectors who want to gain an
understanding in Applied Finance
• Young executives looking to build
specialised competency in the
Finance domain
• Both finance and non-finance
professionals can benefit from the
programme

Admission Criteria
• The selection will be based on
candidate’s profile evaluation,
subject to meeting eligibility criteria.
• Final selection of participants will be
solely done by IIM Kozhikode.

Attendance Criteria
A minimum of 75% attendance is a
prerequisite for the successful
completion of the programme.
Evaluation Methodology
• Evaluation methodology is at the discretion of the faculty. The methodology
includes online exams, case analysis, class contribution, and any other
component as decided by the faculty.
• The programme may require participants to work on individual/group
assignments and/or projects. The main objective of such assignments/projects
will be to help the participants apply their conceptual learning in the
programme to actual organisational decision scenarios. The participants will
have to secure the minimum pass marks in the respective evaluation
components.

Certification & Alumni Status

• Participants who successfully meet the evaluation criteria and satisfy the
requisite attendance criteria, will be awarded a ‘Certificate of Completion’.
• Participants who are unable to clear the evaluation criteria but have the
requisite attendance will be awarded a ‘Certificate of Participation’.
• Successful participants will also be accorded IIM Kozhikode Executive Alumni
status.
Sample Certificate

eMDP
Professional Certificate Programme

EN
This is to ertify that
IM
Name
Participated and successfully completed in the programme
EC

Applied Finance
(December 2023 - October 2024)
SP

Programme Facilitator Chairperson - MDP Director

eMDP
Professional Certificate Programme
EN

This is to Fertify that

IM

Name
3articipateGLQWKHSURJUDPPH
EC

$SSOLHG)LQDQFH
('HFHPEHU202-2FWREHU)
SP

Programme FacilitatorV Chairperson - MDP Director

*Disclaimer : All certificate images are for illustrative purposes only and may be subject to change at the
discretion of IIM Kozhikode.
Programme Directors

Prof. Sony Thomas is working as an Associate Professor

in Finance, Accounting, and Control Area at IIM
Kozhikode. He teaches courses on Investment Analysis
and Portfolio Management, Equity Research, and
Financial Markets in PGP and executive programmes.
Prior to joining IIM Kozhikode in 2009, he worked with
Deloitte Research and GE Money-MSE Financial
Decision Sciences Lab. He did Ph.D. in Finance from the
Prof. Sony Thomas Department of Management Studies, IIT Madras.

Prof. S. S. S. Kumar is a Professor in the Finance,

Accounting, and Control Area at IM Kozhikode. He is
also an Adjunct Visiting Professor at AIT Bangkok's
School of Management. He has twenty-five years of
teaching experience and teaches MBA courses such as
Financial Markets and Instruments, Corporate Finance,
Financial Derivatives, and Risk Management. He earned
a doctorate in management from IIT (ISM) Dhanbad's
Prof. S. S. S. Kumar Department of Management Studies.
Programme Fee

Particulars Amount (₹)*

Total Course Fee 2,34,000

*Taxes will be added as applicable.

*All fees will be collected by BCCL.
Please note that the Processing Fee shall not be refunded in the following
circumstances:
I. In case candidate rejects the offer issued by the Institute; and
II. In case the application is rejected due to submission of incomplete documents
and/or providing incomplete information and/or eligibility criteria not fulfilled.
Instalment Schedule

Instalment Date Amount (₹)*

At the time of Application 20,000

I
At the time of admission 55,000

II 10th February, 2024 55,000

III 10th April, 2024 55,000

IV 10th June, 2024 49,000

*Taxes will be additional as applicable.

Programme Timelines

Last Day to Apply Refer to website

Programme Start Date 23rd December, 2023

Programme End Date October 2024

APPLY NOW
Started in 1997 with its Post Graduate Programme (PGP), the Indian Institute of
Management Kozhikode (IIMK) is on a high growth trajectory today, offering
widest range of academic programmes in the field of management education.
These include Fellow Programme in Management, Executive PG Programmes,
Management Development Programmes and Faculty Development Programmes.
IIMK set up a Satellite campus at Infopark, Kochi, in 2013 dedicated to Executive
Education. IIMK has also the unique distinction of launching a PhD (Practice Track)
programme for working professionals besides bringing in new dynamic courses
like the one-year Post Graduate programme in Business Leadership (2019) MBA in
Finance and MBA in Liberal Studies & Management (2020). The institute is also
home to IIMK LIVE a first-of-its-kind startup incubation programme and the Indian
Business Museum.

IIMK is ranked 3rd as per NIRF India Rankings 2023: Management. The institute also
features regularly among top global institutes for its flagship MBA (PGP) and EMBA
programme (EPGP) in QS World University Rankings. The Institute has leapfrogged
100 spots to be placed in the Top 251-300 Institutes in Business & Management
Studies globally, as per the QS World University Rankings by Subject 2023. It is also
Ranked No.2 in CFIs (non-Technical) category in the Atal Innovation Rankings (ARIIA
2021) rankings released recently by Ministry of Education, Govt. of India, and has
the distinction of being the only IIM in the coveted innovation rankings. IIMK is
globally accredited by EQUIS (EFMD) and AMBA (UK).
IIMK also made its debut in the prestigious Financial Times Rankings (FT Rankings
2023) at 72nd position among the top-75 Open-enrolment executive programme
providers globally, catapulting the 27-years young IIM to an exclusive list of
foremost providers of executive education in the world. IIMK has successfully
delivered close to 1,300 MDP programmes for the past two decades, training more
than 41,000 participants from 150+ organisations – which also include several
Fortune 500 companies – in the process.

2nd 3rd 4th 72nd

Atal Innovation NIRF India (India) (Global)
Rankings (ARIIA) Rankings 2023: Financial Times Ranking
2021 Management (Open Enrollment Programmes)
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