Affiliated with

University of Dhaka

Master of
Applied Finance &
Capital Market
(MAFCM)
Bangladesh’s First & Only
Master’s Program on Applied Finance
& Capital Market

BANGLADESH INSTITUTE
OF CAPITAL MARKET
An Entity of the Financial Institutions Division,Ministry of Finance, Government of Bangladesh
Affiliated with the Faculty of Business Studies, University of Dhaka
 About BICM
The Bangladesh Institute of Capital Market (BICM) is the Government of
Bangladesh mandated national institute for imparting practical capital MISSION
market education, research and training. BICM shares a joint vision of the
Financial Institutions Division (FID) of the Ministry of Finance of the Materialize the vision of the Institute by
Government of the People's Republic of Bangladesh and the Bangladesh enhancing human capital through utilizing
Securities and Exchange Commission (BSEC). the latest learning systems and using modern
information and communication technology
The Institute is under the statutory regulations of the public authorities
under the supervision of an efficient Board of Directors headed by the
Honorable Chairman of the Bangladesh Securities and Exchange VISION
Commission (BSEC) and members with a wide range of expertise
representing a wide cross-section of stakeholders which includes the Endeavor to excel by providing theoretical
Government of Bangladesh, BSEC, academia, the stock exchanges, key and applied education and knowledge to all
market intermediaries and different professional bodies. Establishment of concerned stakeholders for building a
the Institute has led to a far-reaching effect on the enrichment of transparent, skilled, prosperous, and
knowledge and the creation of awareness through imparting quality competitive capital market in Bangladesh.
education and training to potential and retail investors.

1
 Master of Applied Finance and
Capital Market
(MAFCM)

Why study MAFCM ?

The world of finance is rapidly evolving due to Nonetheless, in Bangladesh the need for New innovations in the applications of
continuous changes. New instruments, rules and skilled professionals in the financial finance are making it crucial for
technologies are being introduced to make market in general and the capital market stakeholders in the industry to keep pace
financial markets more vibrant and efficient. The in particular has been increasing. The with these developments. BICM will help
application of theories and practices of finance is BICM MAFCM program, with its world create the best-equipped financial
required for working in a vast range of organizations class curriculum, will sharpen a student's managers in the country with this
including financial markets and institutions. To excel required theoretical, quantitative and uniquely designed program. Those
as a financial market professional, thorough technical skills by providing a blend of aspiring to excel in a career in finance,
knowledge and skills on new instruments and its rigorous academic and practical merchant banking, financial analysis,
regulations is imperative. Sound mathematical and application. Hence, the program is asset and funds management, and
technical knowledge will enhance understanding expected to bridge the long-felt gap financial regulation will experience an
of the field of finance and its innumerable between the skills required and those assimilation of essential knowledge and
applications. The comprehensive concept of the existing in this dynamic field of financial skills in an increasingly challenging
existing legal framework and the economy is also markets, especially the capital market. financial environment through the
crucial to succeed in a career in this field. MAFCM.

2
Objective of the MAFCM Program

BICM is offering the ‘Master of Applied Finance and Capital Market' (MAFCM) to strengthen the Bangladesh capital market
through elevating the knowledge of stakeholders. Local and global capital markets are dynamic and evolving over time. One
must be competent enough to excel in the field of capital market with the required set of management, mathematical and
technical skills. The MAFCM program is designed to inculcate these skills in students to cater to the needs of financial markets

After completing the MAFCM program, students will be able to:

assess the application of relevant concepts enhance understanding of compliance with describe Fintech applications to
to corporate financial decision-making; regulatory requirements in the capital market investment management
investment decisions and portfolio of Bangladesh
management; derivatives and risk identify the right trading style and
management; portfolio construction; understand and apply operational ethical develop it, while knowing how to
corporate valuation; and debt markets standards of the financial market of adapt to changing market conditions
Bangladesh
use strong cognitive, technical and determine the value of the firm in the
communication skills in interpreting, provide an in-depth understanding of capital case of mergers and acquisitions
analyzing, and evaluating financial market operations along with familiarization of and innovative financial decisions in
information and problems new instruments and techniques mergers and acquisitions

apply techniques of financial analysis, comprehend the various financial services explain role of different actors in
security analysis, portfolio management, available in financial markets, particularly in sustainable finance, the range of
risk analysis and corporate financing in their Bangladesh, along with the latest innovations instruments and initiatives to
professional work and technological integration in the field of integrate sustainability into
finance investment decisions

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Duration and Credit Hours Student Intake per semester

Duration of the MAFCM program will be two years A maximum of 60 students per semester will be admitted to the MAFCM
(four semesters, each semester lasting six months). program.
The program comprises 51 credit hours.

Minimum Credit Requirements Admission/Eligibility Criteria

The minimum credit requirements for obtaining the The minimum academic requirement for admission into the program is a
MAFCM degree will be 51 (fifty-one). Of the total 4-year Bachelor's degree (or equivalent) from a recognized institution
required credits, 48 credits are to be completed as having a Cumulative Grade Point Average (CGPA) of a minimum of 3.00
course work and 3 credits are to be earned from project on a scale of 4.00 or in case of the applicant having a Bachelor's degree
work. (or equivalent) with a duration of less than 4 years from a recognized
institution, having a CGPA of a minimum of 3.00 on a scale of 4.00 at the
Program Completion Period Master’s level. Preference will be given to those having experience in the
fields of finance, capital market operations, capital market regulations,
The program can be completed in two years (four capital market policy formulation, capital market research, accounting,
semesters). However, a student may complete the auditing, banking etc. Registered/Enrolled students of any accounting
program in a maximum duration of six years from the and finance professional institute (such as CFA, ICAB, ICMAB, ACCA,
date of admission into the program, after which, CIMA, CPA, CGA, etc.) will also get preference.
admission of the student will be deemed to have
For foreign degree holders, equivalence certificate from the University
expired.
Grants Commission of Bangladesh must be provided. All applicants must
appear for a written test, followed by a viva-voce for those who pass the
Semesters written test. The final score for selection will be prepared considering the
performance in the written test, the viva-voce, previous academic
There are two semesters in a calendar year; records, and relevant experience. Selections will be made based on the
SPRING semester (January - June) and combined score.
SUMMER semester (July - December). Members of any accounting and finance profession like CFA, ICAB,
ICMAB, ACCA, CMA, CPA, CGA etc. and those having a GMAT score of at
least 500 or GRE score of at least 300 will be eligible for direct admission.

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 Course Structure
The MAFCM program comprises of 16 courses, each of
three credits. The course distribution will be as follows:

Pre-requisite courses 6 Courses Non-credit

Foundation courses 4 Courses 12 Credits

Core courses 8 Courses 24 Credits

Elective courses 4 Courses 12 Credits

Project paper 3 Credits

Total 51 Credits

Course Distribution

Pre-requisite courses (Non-credit): Foundation courses:

1. MAF 401: Introduction to Business 1. MAF 501: Introduction to Statistics

2. MAF 402: Mathematics for Business 2. MAF 502: Economics for Investment Decisions
3. MAF 403: Financial Accounting 3. MAF 503: Financial Statement Analysis
4. MAF 404: Foundations of Finance 4. MAF 504: Financial Markets and Institutions
5. MAF 405: Economic History of Bangladesh
6. MAF 406: Business Communication

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 Core courses:

1. MAF 601: Corporate Finance 5. MAF 605: Fixed Income Securities

2. MAF 602: Equity Valuation 6. MAF 606: Capital Market Regulations
3. MAF 603: Investment Banking and Capital 7. MAF 607: Compliance and Supervision in Capital Market
Market Operations
8. MAF 608: Portfolio Management and Investment Planning
4. MAF 604: Corporate Governance and Ethics

ELECTIVE COURSES:

Students are to take a total of five courses from the Financial Markets
following list, including the mandatory Project Paper;
the other four can be from Quantitative Finance, 1. MAF 675: Financial Derivatives
Financial Markets or a combination thereof: 2. MAF 676: Alternative Investments
3. MAF 677: Mergers and Acquisitions
Quantitative Finance 4. MAF 678: Trading and Technical Analysis
5. MAF 679: Behavioral Finance
1. MAF 651: Risk Management in Capital Market 6. MAF 680: Islamic Finance and Capital Market
2. MAF 652: Financial Modeling 7. MAF 681: Sustainable Finance
3. MAF 653: Data Analytics for Finance 8. MAF 682: Innovations in Financial Markets
4. MAF 654: Empirical Methods in Finance 9. MAF 683: Contemporary Issues in Finance
10. MAF 684: Accounting for Financial Instruments
5. MAF 655: Fintech

PROJECT PAPER: 1. MAF 698: Project paper

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INSPIRING
POSSIBILITIES
Better Job Scope in Financial & Capital Market
Access to global standard learning facilities
Industry oriented learning approach
Prepares you to be a finance professional of
the ensuing 4th Industrial Revolution
 WE HAVE THE
BEST
RESOURCES
FOR LEARNING ABOUT
THE CAPITAL
MARKET

State-of-the-art
education
and
professional
training
facilities

8
 Course Description

Pre-requisite courses
(Non-credit):

MAF 401 Introduction to Business MAF 402 Mathematics for Business

This course provides a broad introduction to the rudiments of Quantitative techniques and skills deemed indispensable for aiding
the conceptualization and practice of the functional areas of problem solving and numerical appraisals in business domains is
business studies. Students shall attain a strong lexicon of introduced through this course. Numerical thinking is utilized to achieve
preliminary financial, accounting, and managerial perspectives useful applications by means of practical exercises and contextual
to connect the factors, formation, dynamics, and environment demonstrations.
of business practices in a more meaningful manner.

MAF 403 Financial Accounting MAF 404 Foundations of Finance

This course exposes the fundamentals of the “language” of The essentials of financial decision-making and its implications in
business operations i.e. accounting records and financial relation to time, risk, and uncertainty are taught in this course. A solid
statements. It also entails preparation, presentation, and understanding of time value concepts, managerial perspectives, and
interpretation of accounting information in accordance with the portfolio theory is stressed.
prevailing IASs and IFRSs.

MAF 405 Economic History of Bangladesh MAF 406 Business Communication

This course depicts a long-run overview of the economic Effective organization and presentation of business information with a
processes, tendencies, and manifestations of the Bangladesh robust setting in terms of verbal and non-verbal contexts is investigated
and the history of how the country came to be considered an through this course. The relationship among text, technology, and
economic miracle. Using economic, political, and sociological audience is thoroughly explored to actualize efficient and practical
approaches, students learn to draw pithy yet holistic lessons literacies in communication for business domains.
towards a reasoned understanding of myriads levels of policy
issues specific to Bangladesh.

9
 Foundation courses
(12 Credits)

MAF 501 Introduction to Statistics MAF 502 Economics for Investment Decisions

This course extends the scope of systematic data-driven Topics from microeconomics, macroeconomics, and international
and empirical understanding of the capital market to economics and their significance in forming the underlying structure of
support the best practices of evidence-based decision financial knowledge are covered in this course. Students also learn to
making. Regression, time-series analysis, simulation, and connect economic ideas with consequential origin in security analysis,
forecasting techniques are utilized to ensure statistical industry analysis, and capital market strategy.
thinking and model-centered practices.

MAF 503 Financial Statement Analysis MAF 504 Financial Markets and Institutions

The course aims to identify the role of fundamental analysis An overview of the institutional configurations essential for efficient
to uncover the business activities of operating, investing and operation of the modern financial macrostructure deliberated through
financing depicted in the financial statements. It offers a both markets and instruments is delivered through this course.
concrete understanding of the statement of owners’ equity, Students shall develop multifaceted scholarly outlooks on diverse
balance sheet, income statement, and cash flow statement topics from securitization and financial intermediation to money market
along with calculations and interpretations of suitable and bond market strategies.
accounting ratios.

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 Core courses
(24 Credits)

MAF 601 Corporate Finance MAF 602 Equity Valuation

This course is the systematic overview of the tools of finance Methodological understanding of concepts related to risk and
and investment to assist critical evaluation and explanation of return useful for the process of equity valuation is taught in this
financial theories which underlies real-world financial course. Tools of enterprise value, residual income, and internal
management. Overarching tools in reference to capital returns are presented as part of the continuum of possible
investment decisions, corporate capital structure, and dividend
decisions are thoroughly covered via theoretical, practical, and
case-study based expositions.

MAF 603 Investment Banking and MAF 604 Corporate Governance and Ethics
Capital Market Operations

Deep insights into the world of investment banking are This course provides the issues arising from principal-agent
delivered through this course. The modes and manners in which relationship towards a better underpinning of strategic
issues of relevance such as private equity, hedge funds, and management and strategic capability with respect to firms in
trading operations interrelate towards a successful valuation, general is delivered. Codes and standards of professional
negotiation, and completion of transaction activities are conduct are glimpsed to instill social and collective
intensively studied. responsibilities which emanate from individual compliance.

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 MAF 607 Compliance and Supervision MAF 608 Portfolio Management and
in Capital Market Investment Planning

This course apprises the protocol-based and procedural A circumspect synopsis of theories and models of portfolio
norms of supervisory roles essential to promote and management through the techniques of asset allocation, policy
maintain systemic financial resilience. Frontier issues of assessment, and portfolio optimization is delivered through this course.
contemporary significance e.g. Fintech, climate finance, Theoretical approaches are dovetailed with empirical modes to inform
digital currency, etc. are previewed to provide hints to the and align investment-specific objectives and outcomes.
fluid nature of ever-changing world financial innovation.

MAF 605 Fixed Income Securities MAF 606 Capital Market Regulations

An overarching review of financial income instruments A holistic review of the relevant legal and regulatory ramifications of
such as bonds and derivative securities is taught in this securities in context of Bangladesh is outlined in this course. The
course. Pricing and managing risks of such instruments as regulatory bodies, compliance, and acts pertinent for efficient operation
well as frameworks of similar structured products are of legal contingencies are depicted via primary sources and
considered to critically evaluate their investment case-studies of significance.
potentials.

12
Elective courses MAF 651 Risk Management in
Capital Market

Quantitative Finance This course summarizes the scholarly consensus regarding

efficient minimization and channeling of financial, business, and
(12 Credits) economic understanding of risks. Different typological and
factorial components of risks are analyzed in practical
relationship with the capital market of Bangladesh.

MAF 652 Financial Modeling MAF 653 Data Analytics for Finance

A close and practical introduction to the power and potential of This course bridges a modular understanding of statistical
spreadsheet modeling to aid investment decisions concerning thinking with finance with advanced analytical techniques
financial data is provided through this course. Students are enabled allowed by computing with statistical programming. It also
to run, validate, and replicate portfolio construction and optimization utilizes the vast potentials of integrating cutting-edge computing
with a concrete grasp of the underlying procedures. techniques e.g. algorithmic trading, predictive simulations,
big-data analytics, etc.

MAF 654 Empirical Methods in Finance MAF 655 Fintech

A thorough knowledge-base in financial econometrics by means of This course espouses the contemporary significance to
estimation, computation, and application is imparted through this ground-breaking financial innovations such as blockchains,
course. Students are introduced to econometric approaches useful crypto-currencies, and alternative lending practices. As aspiring
for portfolio management and capital market strategies in different participants of an emerging economy, students are expected to
types of experimental and non-experimental setting. gain a broad knowledge of machine-learning, cyber-systems,
and data-driven protocols.

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Elective courses
Financial Markets
(12 Credits)

MAF 675 Financial Derivatives MAF 676 Alternative Investments

This course represents a thorough delineation of financial Hedge funds, private equities, real estate, commodities, etc modes of
products viz. options, futures, and similar reformulations. alternative investments are covered through this course. Strategies of
Pricing models and trading strategies are also explained valuation and performance appraisal are also discussed with efficiency
with demonstrative capacities useful for participating in a perspectives and risk-return frameworks.
more sophisticated securities market with stated
investment possibilities.

MAF 677 Mergers and Acquisitions MAF 678 Trading and Technical Analysis

This course outlines and policies and practices related to A comprehensive understanding of the principles and practices of
business mergers and decisions of acquisitions with performing technical analysis using charts and market patterns is
respect to the capital market scenarios. Students achieve provided through this course. Utilizing computing and statistical
learned discernments about valuation, take-over, and toolsets, students are trained to appreciate both the upsides and
restructuring activities of firms in light of prevailing legal possible downturns to trade safely and securely in today’s capital
and compliance specifications. market.

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 MAF 679 Behavioral Finance MAF 680 Islamic Finance and Capital Market

This course explicates a thematic approach to the cognitive, Perspectives on a wide range of Shariah-compliant products and
adaptive, and psychological dimensions of financial behavior to services are covered in this course. Islamic financial contracts,
gain systematic insights into human limitations of decision institutional schemes, and regulatory criteria are intensively dealt
making in capital market. Biases and systematic slips in making with to ensure sustainable and ethical financial practices.
judgment are covered with empirical counterparts along with
frameworks to mitigate the former extraneous factors from
rational choice.

MAF 681 Sustainable Finance MAF 682 Innovations in Financial Markets

This course explains the conduct of financial best practices Cutting-edge practices from today’s financial world to aid critical
which are coherent to the criteria of sustainability, climate thinking in innovation for solving tomorrow’s indigenous financial
resilience, and ‘green finance’ vision of economic productivity. problems is provided through this course. Innovation as a practice
Students learn the principles of merging SDGs and ESGs norms and tendency is stressed through cases and observations.
with investment and financing modes towards attaining a
sound investment ecosystem.

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 MAF 683 Contemporary Issues MAF 684 Accounting for Financial
in Finance Instruments

This is an open-ended course to comment over An intermediate-level of accounting knowledge is built upon to extend
contemporary topics of special relevance to the capital the cases for a multitude of financial products through this course.
market of Bangladesh. Themes of research and practice Students align and improvise their accounting insights towards
are intertwined to elevate as much as productive advanced forms of risks and compliance practices.
discussion as possible.

PROJECT PAPER (3 CREDITS)

MAF 698 Project paper

This course enables students to craft and undertake a

seriously contemplated output of academic research on
their own as a capstone to the knowledge acquired in the
previous courses.

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 17
17
EVERYONE CAN BE AN
ACHIEVER !
Bridge the gap

Values
Excellence
between the current
level of knowledge, Professionalism
skills and competency Flexibility
of Bangladesh capital
market participants. Integrity

18
18
 In-person learning method will be used for delivering lectures
and conducting examinations. However, under extraordinary

Teaching circumstances, alternative teaching strategies like blended

learning and/or flipped learning methodologies may be used

Methods
temporarily. In addition, teachers will occasionally use
cooperative learning strategies for developing teamwork,
collaboration, communication, and social skills of the learners.
Teaching methods will include class lectures, case analyses,
group discussions, etc. Eperts from the industry, regulatory
bodies, and different professional bodies will be invited to share
real-life experiences in relevant courses as guest speakers.
There will be industry visits and exposure visits to different
stakeholders of the capital market for the students to experience
hands-on operations of different aspects of capital markets. Such
visits will include but not be limited to visits to the local stock
exchanges, brokerage houses, BSEC, CDBL, Credit Rating
Companies, leading listed companies and their registered offices,
etc. The medium of instruction shall be English.

19
Assessment Procedure

Students will be assessed on a continuous basis

Assessment Criteria Marks Weightage
throughout the semester. There will be two
mid-terms and one final examination in a Class Attendance and Participation 5 5%
semester. The mid-term examinations will be of 15 Mid Term - 1 15 15%
marks each. Duration of these examinations will Mid Term - 2 15 15%
depend on the course teacher but should not be
Term Paper / Case Report 15 15%
less than one hour. The final examination will be of
Presentation 10 10%
40 marks and the duration will be three hours.
Class attendance and participation will carry 5 Semester Final 40 40%
marks. The term paper(s)/case report(s) and Total 100 100%
presentations will carry 15 and 10 marks
respectively.

While the mid-term examinations will be assessed by the respective

course teacher only, semester final examinations will be assessed by
two examiners. In case of difference of above 20% of marks, there will
be a 3rd examiner. Marks of the nearest two examiners will be average
out as final marks.

The combined score obtained in

(i) Class Attendance and Participation (ii) Mid-Term - 1 (iii) Mid-Term -

2 (iv) Term Paper/Case Report (v) Presentation and (vi) Semester
Final will be converted to letter grades and will be reflected in the
students grade sheet and transcript.

20
Grading Policy Degree Requirements
The UGC prescribed grading policy will be followed. The grading
A student will be considered eligible to be awarded the degree of MAFCM
will be done on a 4.00 scale with the highest grade being A+ (A
only upon fulfilling the following requirements:
Plus) and the lowest grade being F. The mark range,
corresponding letter grades and grade points will be as follows: a. Completion of 51 credits (48 credits from course work and 3 credits from
the project paper/dissertation);

Mark Range Letter Grade Grade Point Interpretation b. Having earned a minimum CGPA of 2.50 on a scale of 4.00.
80+ A+ 4.00 Outstanding
75-79 A 3.75 Excellent
70-74 A- 3.50 Very Good
65-69 B+ 3.25 Good Minimum number of course per semester
60-64 B 3.00 Average
55-59 B- 2.75 Below Average
50-54 C+ 2.50 Fair A student has to take at least two courses (six credits) in a semester unless the
45-49 C 2.25 Poor student has only one course left for completion of the degree in the last
40-44 D 2.00 Minimum Pass semester. A student taking the minimum course load will not be allowed to
Below 40 F 0 Fail drop or withdraw any course in a semester unless that course is replaced with
- I - Incomplete
- W - Withdrawn

Fees and Charges*

In the tabulation process, only the total marks (out of 100) of a
course will be rounded-up and the published results of the
semester will show the grades earned and the grade point Sl. Item Details Amount
average (GPA). (Taka)
The Controller of Examinations of the University of Dhaka shall 1 Application Form (One time) 1,000
publish the cumulative result of the program and shall provide 2 Admission Fee (One time) 10,000
the transcript showing course-wise grades and the Cumulative 3 Semester Fee (Per semester) 6,000
Grade Point Average (CGPA) earned by the candidates for the 4 Course fee per regular course (3 credits each) 12,000
degree of MAFCM. 5 Course fee per non-credit course (0 credits each) 12,000
6 Project Paper fee 12,000
Scholarships 7
Computer Lab Fee 5,000
(One time at the time of registration for the first semester) 0
Scholarships may be given to poor but meritorious students. The * Fees and charges are subject to change and subject to revision from time to time, subject to
BICM authorities, in consultation with the Academic Committee the prior approval of the Dhaka University/appropriate authorities.
of the Institute, will decide on the criteria for awarding such
scholarships.

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Course Withdrawal Semester Drop
A student may drop a course within two (02) weeks from the start of a A student may, with the permission of the program coordinator, drop a
semester, whereby no financial penalty will be levied and there will not semester if the reasons are found to be reasonable by the BICM
be any record of the student in the concerned course in that semester authorities. However, the degree requirements are to be completed
nor in the student's academic records. However, if a student wishes to within 6 (six) years from the date of admission into the program.
drop after two (02) weeks of classes, s/he will get a 50% refund of the
course fees. A student will not be allowed to drop a course after the
fourth week of the semester calendar.
Waiver
Incomplete Course A student being a full-member of any recognized professional finance
and accounting institution or having a previous graduate degree in the
If a student, for any reason, fails to appear in the final examination of a areas of finance, accounting, business, and economics shall be entitled
course, the concerned teacher shall assign a grade of ‘I' (incomplete) to to a waiver of a maximum of four (04) courses from the pre-requisite
that student for that course and publish the result. The concerned courses. Considering the background of the individual student, waiver of
student must appear in a make-up final examination within 30 days the courses will be determined by the MAFCM Coordination Committee.
form the publication of results by applying to the BICM Registrar's The waiver decision of the program committee will be final and cannot
Office. Failure to do so will result in the student being assigned an ‘F' be contested.
grade in the course.

Course Drop Adoption of Unfair Means

Students adopting unfair means in the examinations will be subject to
A student may drop a course within two (02) weeks from the start of a
disciplinary action as per the BICM rules and may be expelled,
semester, whereby no financial penalty will be levied and there will not
depending on the gravity of the situation and/or the incident(s).
be any record of the student in the concerned course in that semester
nor in the student's academic records. However, if a student wishes to
drop after two (02) weeks of classes, s/he will get a 50% refund of the
course fees. A student will not be allowed to drop a course after the
fourth week of the semester calendar. Grievance Redressal Committee
There will be a Grievance Redressal Committee to address the
Course Retake complaints of students relating to grades. The committee will be
composed of three members not below the rank of Associate Professor.
A student earning a grade B (Plain) or below in a course may apply for
retaking a course in the next available semester that the course is Any student may make an application to the Program Coordinator if
offered. s/he is aggrieved. The Program Coordinator will forward the application
to the Grievance Redressal Committee. The Grievance Redressal
A student having an ‘F' grade in any course must retake that course and Committee will make an enquiry upon the receipt of the complaint and
earn a passing grade. For elective courses, a student may retake the will make appropriate recommendations.
same course or a different course from the list of elective courses.

22
 Program
Administration Other
Courses
There will be a three-member MAFCM Program Coordination Committee.
The term for each Committee will be two years. The Academic
Committee of the Institute will form the MAFCM Coordination Committee
which shall be composed as follows:

1. Program Coordinator - The Executive President or any faculty member COURSES,PROGRAMS

of the Institute not below the rank of Associate Professor, preferably AND ACTIVITIES
having a/an finance/accounting background in the bachelor's and
master's degree level, nominated by the Executive President, will be • POST GRADUATE DIPLOMA
the Program Coordinator.
• CERTIFICATE COURSES
2. Associate Program Coordinator - The Associate Program Coordinator
• FREE INVESTORS’
must be a faculty member of the Institute not below the rank of EDUCATION PROGRAM
Assistant Professor.
• MASTER’S PROGRAM
3. The Director of Studies of the Institute will be ex-officio member of the
Committee. • RESEARCH ACTIVITIES

The Program Coordinator will preside over all the meetings of the MAFCM
Program Coordination Committee. In the absence of the Program
Coordinator, the next senior-most member will preside over the meeting.

In case any of the positions of the MAFCM Coordination Committee fall

vacant, the Executive President, in consultation with the Academic
Committee of the Institute, will fill the interim vacancy.

23
 Our
Our Courses
Courses BICM has been conducting the
‘Investors’ Education Program’
free of cost for the existing retail
Post
Free
and potential investors on the

our
basics of capital market
investment to make informed Graduate
Course
cources
investment decisions. The
program is held usually on
Saturdays. The program is also Diploma
in Capital Market
offered in the divisional/regional
Investors’ cities occasionally and online due

Education to the ongoing pandemic.

(PGDCM)
Program

Our
Certificate Courses PGDCM
Post Graduate Diploma in Capital Market
8 courses!
• FinTech and Financial Data Analytics: Concepts
Courses and Applications
• Fundamentals of Equity Valuation
The PGDCM is a one year program consisting of 13 courses/36
credits plus internship. The program is designed to be
completed on trimester basis.
• Financial Statements Analysis
• Advanced Financial Statements Analysis
• Strategies of Portfolio Management Semester 1
• Basic Technical Analysis Financial Accounting
• Investment Sukuk: Issuance, Structuring &

Certificate
Documentation Basic Statistics
• Capital Raising and Investment in Primary Market Managerial Finance
• Investment in Mutual Funds: Process and Financial Markets and Institutions

Courses
Prospects
• Securities Laws of Bangladesh
• Securities Valuation Semester 2
• Operations of Mutual Funds Securities Analysis and Portfolio Management
• Corporate Governance
Investment Banking
• Understanding Accounting Standards (IAS and
IFRS) Capital Market Operations

Effective for:
24 • Research Methodology
• Reading & Understanding Financial Statements
Securities Laws

Professionals, Regulators, Market Intermediaries & • Fundamentals of Portfolio Management

Sector Stakeholders on different subjects of the • Bond Issuance, Valuation & Analysis
capital market
• Fundamental Analysis
• Advanced Financial Analytics & Modeling using
Microsoft Excel

24
 Find Us
Bangladesh Institute of Capital Market (BICM)

BGIC Tower (Ground to 3rd & 8th to 9th Floor), 34

Topkhana Road, Dhaka-1000
Phone: +88-02-9588502, 02-47119287
Toll Free No: 08000999999
Fax: +88-02-9515773-4
E-mail: [email protected]
েতাপখানা েরাড
েতাপখানা েরাড
Website: www.bicm.gov.bd | www.bicm.ac.bd

25
Get in Touch
BGIC Tower (Ground to 3rd & 8th to 9th Floor), 34 Topkhana
Road, Dhaka 1000
Phone: +88-02-9588506-7, 02-47119287 | Fax: +88-02-9515773-4 |
E-mail: [email protected] | Website: www.bicm.ac.bd | www.bicm.gov.bd
Facebook: www.facebook.com/bicm.ac.bd
LinkedIn: www.linkedin.com/school/bicm
Toll Free No: 08-000-999-999