Master of Applied Finance and Wealth Management (MFWM)

In the third term of the program, students can choose to specialise in one of the following four areas:

1. Indian Personal Taxation

In this unit, students will be acquainted with various aspects of the personal tax laws of India. They will learn how to compute income from salary, house property, capital gains and other sources. Additionally, the students will also know about the various tax strategies they can apply and create better financial plans for their clients.

Most importantly, students will be able to compute and plan tax liability from an investment perspective while distinctly differentiating the difference between tax avoidance and tax planning.

Learning outcomes:

2. Islamic Finance and Investing

This elective unit will introduce participants to the basic Islamic finance principles governed by Shariah laws, Islamic finance products, and the types of Islamic financial markets. The unit provides in-depth exposure to the Islamic perspective on risk management and underlying legal principles.

Learning outcomes:

3. Retirement and Estate Planning

The main objective of this unit is to focus on key aspects of retirement and estate planning principles. The unit will comprehensively study ways to create retirement plans, familiarise with methods of gathering information and selecting appropriate options to achieve the client’s retirement goals. The unit will further prepare students to develop strategies for wealth accumulation and withdrawal during retirement years considering the client’s retirement goals, risk tolerance and risk capacity.

Learning outcomes:

4. Retirement and Estate Planning in India

The key objective of this unit is to focus on key aspects of retirement and estate planning principles with specific focus on the Indian wealth management sector. The unit will comprehensively study ways to create retirement plans, familiarize with methods of gathering information and selecting appropriate options to achieve the client’s retirement goals. The unit will further prepare students to develop strategies for wealth accumulation and withdrawal during retirement years considering the client’s retirement goals, risk tolerance and risk capacity

Learning outcomes:

This unit requires students to undertake a self-directed individual research project in their area of interest in the wealth management industry. They will be able to identify suitable frameworks, business models and research approaches to address wealth management challenges within the contemporary global/regional dynamic environment. This unit will equip students with a good foundational understanding on how to conduct a research project and use online and offline research skills to investigate complex business imperatives using contemporary research tools.

Students of the program will receive workshop training, where they will learn to apply the conceptual knowledge of research methodologies including problem finding, problem identification and problem-solving. They will also identify research objectives and the scope of research, conduct literature survey, data selection and collection, data entry, analysis and its final findings, leading to final recommendations and conclusions. The project concludes with a professional presentation and research report.

Learning outcomes:

This capstone unit involves students working in a team of 2-3 members on a real business/industry project and develop an in-depth understanding and insight of the global and/or regional wealth management industry. Under this industry interface initiative, students will be provided with a live business challenge in which they will propose relevant, holistic and actionable recommendations to the middle and senior management of the respective company.

Students will be expected to address complex, ambiguous, emerging issues/business opportunities by applying research knowledge and skills acquired during the course. The primary aim of these projects is to provide students with an opportunity to analyse real-life business issues and make recommendations by synthesising the program learning outcomes. Upon completion, project teams will present actionable, ethical and sustainable solutions/strategies to the industry’s middle and senior management team through an impactful presentation and a professional report.

Learning outcomes