CHITTAGONG INDEPENDENT UNIVERSITY (CIU) MBA Program COURSE CURRICULUM Requirements for the MBA Major in Finance Program a) In the School of Business graduate courses are grouped into 3 groups. Following is the distribution of courses under these 3 groups: 1. Foundation Courses 24 Credits 2. Integration Courses 24 Credits 3. Focus/ Major Courses 12 Credits Total requirement for degree 60 Credits b) Duration of the MBA Program is 2 years c) Admission requirements: As per UGC direction d) Degree requirements include: i) Completion of 60 credits ii) A minimum CGPA of 2.75 e) Course Waiver: Waiver may be allowed for courses completed in other university. However waiver will be allowed only for foundation courses of the MBA Program to a maximum of 24 credit hours (8 courses) subject to the following: i) The courses taken elsewhere were of undergraduate or graduate level ii) The grades earned in those courses were at least B-(minus) or equivalent iii) The MBA Director s Office/equivalent committee, which may or may not ask the applicant to take a written or oral test, considers the application for waiver satisfactory. f) Proposed Evaluation system includes: i) Final Examination 40 ii) Mid Term Examination 20 iii) Class Attendance 10 iv) Class Test(s) 20 v) Assuagements/ Case Analysis 10 Total= 100 CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 1
Foundation Courses 24 Credits MBA 501 Principles of Management & 3 Organizational Behavior MBA 502 Business Mathematics 3 MBA 503 Financial Accounting 3 MBA 504 Business Research Methods 3 MBA 505 Managerial Economics 3 MBA 506 Marketing Management 3 MBA 507 Business Communication 3 MBA 508 Management Information Systems 3 Integration Courses MBA 509 Human Resources Management 3 MBA 510 Macro Economics 3 MBA 511 Financial Management 3 MBA 512 Operations Management 3 MBA 513 Management Accounting 3 MBA 514 International Business 3 MBA 515 Legal & Ethical Issues in 3 Business MBA 550 Strategic Management 3 Focus/ Major Courses 24 Credits 12 Credits The course requirements for MBA students intending to Major in different areas of specialization offered by the School of Business are as follows: Focus Area (Concentration in Finance) Total 12 Credit Hours Any four courses from the following: FIN 541 Corporate Finance 3 FIN 542 Investment & Portfolio Management 3 FIN 543 Financial Analysis and Control 3 FIN 544 Management of Financial Institutions 3 FIN 545 Options, Future & Other Derivatives 3 FIN 546 International Financial Management 3 FIN 547 Corporate Governance 3 CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 2
Course Descriptions: Foundation Courses (24 Credit Hours) MBA 501: Principles of Management & Organizational Behavior (3 credits) This course introduces students to the principles and practices of management through a combination of theoretical and applied analysis. Includes a study of the development of management thought and an analysis of managerial functions for the purpose of understanding the nature of organizations and the way in which they function and provides analysis of work behavior from viewpoint of both behavioral research and managerial practice. It enables students to understand basic issues such as motivation, individual differences and leadership. Students also gain adequate knowledge on how to perform better, improve quality, and operate efficiently. MBA 502: Business Mathematics (3 credits) The course includes elements of algebra, number fields, linear and non-linear inequalities, functions set analytical geometry, logarithm limit, differential and integral calculus, matrix and linear programming. The purpose of the course is to help the students learn mathematical tools, which are used in management studies. MBA 503: Financial Accounting (3 credits) An accelerated introduction to the basic concepts and techniques that underlie the collection, processing, and reporting of financial information in organizations. Emphasis is placed on financial and managerial accounting with the goal of enabling the student to understand and use corporate financial statements and internal financial data as a basis for decision making. MBA 504: Business Research Methods (3 credits) The course is designed to equip the students with Business research methods and statistical tools and concepts to be used in the business research process. Methods of descriptive and Inferential statistics are covered that include measures of central tendency and dispersion, probability distributions, hypothesis testing and their application in the management decision process, using SPSS and other relevant software packages testing hypothesis, correlation and regression analysis. MBA 505: Managerial Economics (3 credits) A microeconomic course combining theory and quantitative methods as a tool for managerial decisions. The application of concepts and techniques to practical management problems is stressed. Topics covered include the analysis of consumer demand (forecasting), production and costs, prices, profit maximizing, resource use and allocation, and investments. MBA 506: Marketing Management (3 credits) Focuses on the role of marketing in today's organizations: strategic marketing planning, concepts, and tools; the marketing environment; characteristics of consumer and institutional markets; market segmentation, targeting and product positioning; product decisions, pricing, placing, sales management, advertising, new product development, and marketing budgets; product life-cycle strategies; new product planning and market research. MBA 507: Business Communication (3 credits) Students will become acquainted with both micro and macro views of organizational communications. Students will gain experience in professional speaking, listening, business writing, nonverbal communication, situation/case analyses, and field research. Course assignments will include both individual and collaborative tasks. At the conclusion of the course, CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 3
students will be able to create a coordinated and coherent corporate communication system that allows the organization to face the new century with effective communication strategies and tools MBA 508: Management Information Systems (3 credits) This course will provide a managerial prospective on the use, design, and evaluation of information systems. It presents an organizational view of how to use information technology to support planning and decision-making. Topics include hardware, software, databases, telecommunications, systems, the strategic use of information systems, the development of information systems, and social and ethical issues involved with information systems. Course Descriptions: Integration Courses (24 Credits) MBA 509: Human Resources Management (3 credits) Studies the general and special functions of a professional in personnel, including human resource planning, recruiting, selecting, training, placing, appraising, compensating, discharging, or laying- off, and controlling the work environment: recognizing legal requirements and the interests and rights of employees and the firm. MBA 510: Macro Economics (3 credits) The main focus of this course is to relate macro-economic theories to business decision making. The course starts with concepts of national income accounting, investigates economic aggregates and leads to development of forecasts for business condition analysis. MBA 511: Financial Management (3 credits) An overview of current theory and practice of financial administration with emphasis on the development of decision making criteria. Major topics to be covered include financial statement analysis, time value of money, cost of capital, security valuation, risk and return, capital budgeting decisions, and the cost of capital. MBA 512: Operations Management (3 credits) This course provides introduction to philosophy and techniques of production and operations Management. Topics include project planning, risk evaluation, and decisions with regard to resource allocation, materials and inventory, service, scheduling, distribution and facilities. MBA 513: Management Accounting (3 credits) This course is designed for management personnel who are not accountants but need to understand and use accounting information in their decision making. Examines the framework underlying management accounting and describes how accounting information should be used to fulfill planning, control, and performance evaluation functions. Topics include job and process costing, standards, budgets, estimates; the interpretation and utilization of accounting reports and statements to control current operations and formulate policies for the future. MBA 514: International Business (3 credits) The main focus for this course is on the analysis of the major business management functions of international business environment, organizational policies and strategies of multi-national companies, industrial relations and control policies. Topics include Trade and Investment theories, various environment of international business, Foreign Exchange, Finance and CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 4
Accounting, Operations Management, Marketing, Human Resource Management and Information Technology in the context of international business. MBA 515: Legal & Ethical Issues in Business (3 credits) The course is designed to help the students in learning the application of law to business transactions and their legal responsibility as managers. The course includes those aspects of law as related to business e.g., contract, agency sale of goods, negotiable instruments, insolvency, partnership and labor. Beginning with the nature and sources of business law the students will be required to conceptualize the legal system and relationship in the context of Bangladesh. The course is also designed to help future managers understand the importance of ethics in business as an element extremely important for operating in the global market. The course will include all the aspects of business ethics centering on both the local as well as international perspective. MBA 550: Strategic Management (3 credits) A capstone seminar in the formulation and administration of organizational planning and policy. The student is given the opportunity to utilize, integrate, and apply the theories, concepts, principles, and techniques acquired in his/her other MBA coursework (i.e., marketing, management, accounting, finance, statistics) to empirical business problems and situations, Use of case studies, course projects, library research, field research, group decision making, role playing, simulations, and other strategic planning exercises. Focus/Major Courses Descriptions: Major in Finance (12 credits) FIN 541: Corporate Finance (3 credits) This course explores the creative decisions facing financial managers in the modern corporate environment. Deals with the role financial decisions play in optimizing industry performance. Topics include making strategic acquisition, structuring of financial contracts, evaluation of merger candidates, leveraged buyouts, competitive bidding, corporate restructuring and other methods of shareholder value enhancement. Also discusses issues related to corporate capital structure, dividend policy and leasing. FIN 542: Investment & Portfolio Management (3 credits) Investment in financial assets (securities) is the focus of this course. Investment decisions require thorough Analysis of risk and return. An understanding of the tradeoff between risk and return is at the heart of investment decision-making process. Topics that will be covered in this course include bond valuation, equity valuation, portfolio diversification, market efficiency and its implications, and capital Asset Pricing Model (CAPM). FIN 543: Financial Analysis and Control (3 credits) It covers financial analysis and control, ratio analysis, fund flow analysis, management of current and fixed assets, accounts receivables and inventory management, short term, intermediate-term and long-term financing, dividend policy and port-folio management It also includes, working capital management, financial statement analysis, time value of money, security valuation, survey of security markets, capital budgeting, and capital structure. CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 5
FIN 544: Management of Financial Institutions (3 credits) The course introduces the students to the theory and practice of financial institutions management for the perspective of risk management. The areas covered in the course include financial intermediation and financial intermediaries, risk of financial intermediation, interest rate risk, market risk, credit risk, foreign exchange risk, liquidity risk, liability management, capital adequacy, hedging with financial derivatives, and asset securitization. FIN 545: Options, Future & Other Derivatives (3 credits) The course focuses on derivative securities, such as, options futures and swaps. Topics included in this course are: an introduction to various types of derivative securities, an understanding of the markets in which derivative securities are traded, different pricing models of options and futures, and the use derivative securities in managing portfolio risk. FIN 546: International Financial Management (3 credits) This course is designed to acquaint students with tools and techniques used to manage the finance function of a multinational Corporation (MNC). Topics included in this course are: financial environment, in which an MNC operates, exchange rate determination, measurement and management of various exchange rate exposures, international capital budgeting, management of short-term assets and liabilities of an MNC. FIN 547: Corporate Governance (3 credits) The Meaning of Corporate Governance: Definitions and importance of corporate governance, reputation, competition and corporate governance, corporate ethics, corporate governance and corporate responsibility, consequences of inadequate governance, globalization and corporate governance; financial intermediaries: commercial banks, merchant banks, mutual funds, insurance companies; different models of regulation; ownership and control; CEO compensation and managerial incentives; allocation of rights and responsibilities: shareholder involvement in management, balance of power between management and owners; The board: function, composition of board, the functions of the director, board committees, criteria for making a good board and a good board member; lessons from recent US corporate governance; Failures: what went wrong and what went right? Legislative action by the US Congress, the importance of internal controls, Implementing good corporate governance: good corporate governance rules,, including internal controls, tailoring rules to the local conditions, the minimum rules, nature of rules, use of technology. CHITTAGONG INDEPENDENT UNIVERSITY (CIU) 6