About :: Department of Finance

Chairman :: Professor Dr. M. Sadiqul Islam

The vision of the Department of Finance is to develop skilled human resource with specialized education and training in finance. Since its inception in 1974, the Department has been committed to cater to the needs of modern business world and has been producing executives and trained manpower with strong skills in finance, banking and insurance. ACADEMIC PROGRAMS The Department of Finance offers BBA, MBA, M. Phil. and Ph.D. Programs. In addition, it offers Evening MBA program for the executives. The BBA program is a four-year program. The program comprises of 120 credit hours spread over eight semesters. The program design is much different from BBA programs of other universities. Along with developing comprehensive understanding of the business economics and environment, the BBA curriculum of this department focuses more on finance . The program is designed as one for terminal degree. The graduates are expected to get employment mostly in finance and banking sectors. From the very beginning, the Department of Finance has been devoted to academic excellence and uncompromising standard for which it has earned reputation. Faculty members are actively engaged in research and have many research publications to their credit. The expertise of teaching staff, research activities and dynamic curriculum have made the Department a unique institution in and outside the University. SUPERVISION AND MONITORING There is a Batch Coordinator for each batch of BBA program. The Batch Coordinators are responsible for monitoring academic performance of the students. The MBA Management committee is responsible for monitoring academic performance of MBA students. The Department manages and coordinate the academic programs through its two academic office- BBA program office and MBA program office. BBA Program Director is responsible for: (a) coordinating with the batch coordinators; (b) addressing the concerns of the students, (c) making the schedules for classes and exams, (d) initiating changes in academic curriculum, (e) administering academic programs, and (f) cooperating with the Chairman in strengthening academic programs of the Department. Students should interact with their concerned batch coordinators and the program director whenever such needs arise. CAREER/PROSPECTS FOR GRADUATES The demand for our graduates has proved to be consistently high over the years. Major employers include banks, insurance companies and other financial institutions, public and private sector corporations, autonomous bodies, the Planning Commission and other government organizations. A good number of our graduates are doing excellently in their career at home and abroad. Quite a large number of our graduates have reached at the peak of their business and professional career. RULES FOR B.B.A. PROGRAM IN FINANCE ADMISSION Students from all disciplines are eligible to be admitted into the BBA program. After the announcement of admission, intending students should apply in the prescribed application form. A rigorous written test is conducted for the applicants. A combined score is developed based on marks in the written test, SSC and HSC examinations. Selections are made based on the combined score. Recent intake records show that only one of every 200 applicants gets admission in the BBA program in Finance. PROGRAM DURATION & COURSE DISTRIBUTION The duration of BBA program is four years divided into eight semesters. A total of 120 credit hours have to be completed by the students in 38 taught courses, 3 viva-voce examinations and an internship program. For each course unit, there will be two lectures of one and half hours each in every week and each course unit will be given a weight of 3 credit hours. Students have to appear before viva-voce exams at the end of each class year (i.e., second semester, fourth semester, sixth semester and eighth semester). In addition, students have to undergo an internship of one and half months at the end of eighth semester. The internship and project paper carries weight of 3 credit hours and the viva-voce carries 3 credit hours. EVALUATION AND GRADING Performance of students in a course will be evaluated as under: First Mid-term Test 15 percent Second Mid-term Test 15 percent Term Paper and Quiz 10 percent Final Exam 60 percent TOTAL 100 percent Two examiners evaluate the scripts of final examination and the average is taken for grading. If the difference between the marks of two examiners is significant, the script is graded by a third examiner and the average mark is taken into account. The total marks in a course will be converted into letter-grade as under: Mark Range Letter-Grade Grade Point Interpretation 80+ A 4.00 Outstanding 75-79 A- 3.67 Excellent 70-74 B+ 3.33 Very Good 65-69 B 3.00 Good 60-64 B 2.67 Average 55-59 B- 2.33 Below Average 50-54 C+ 2.00 Fair 45-49 C 1.67 Poor 40-44 D 1.33 Minimum Pass 0-40 F 0 Fail For the viva-voce examinations, a student is awarded only one grade after the end of fourth year. After the completion of the fourth year second semester final examination, a student is required to undergo a one-and-half-month long internship program and to write a project paper. The internship program and the project paper is supervised and examined by the guide teacher. The Chairman of the Department keeps the evaluated scripts in his custody for at least two months after the announcement of the results and after that the scripts will be handed over to appropriate custody according to the university rule. CLASS ATTENDANCE Each student is required to attend at least 75 percent of classes held in a course. Otherwise, the student will not be allowed to appear before the exams. PROMOTION For promotion from one class year to next class year, a student is required to earn a minimum CGPA (excluding viva-voce grade) as under: Class Year Minimum CGPA From First Year to Second Year 2.00 From Second Year to Third Year 2.25 From Third Year to Fourth Year 2.50 The minimum CGPA of a student, as mentioned above, is calculated taking into consideration the grade points earned in courses of all previous class years. A student failing to clear up university or departmental dues shall not be promoted to the next class year. DEGREE REQUIREMENTS For the BBA degree, each student requires to: (a) Complete 120 credit hours including a viva-voce and internship without an F grade; (b) Earn a minimum CGPA of 2.5; and (c) Complete the program in maximum of six consecutive academic years including the year of first admission into the program. For appearing at the eighth semester final examination, every student shall have to fill in examination entry form supplied by the Controller of Examination on payment of dues. CREDIT TRANSFER No credit transfer from any other programs or institutions is allowed for the BBA degree. IMPROVEMENT OF GRADES A student earning F grade in a course in any year must improve the grade with any of the following two batches. No student shall be allowed to improve the grade for more than two times. However, no improvement shall be allowed in the Mid-Term, term paper/Quiz marks and the grades earned in viva-voce, as well as in course(s) in which a student did not attend classes or appear at Mid-Term tests. Students earning less than "A" grade in any course may also choose to improve the grade by appearing at the semester final examination with the following two batches. In such case, student's previous grade earned in the course will be cancelled automatically. Students willing to improve the grade in a course should apply to the Chairman of the Department at least 4 weeks before the start of the semester final examination. If a student likes to improve the grade point earned in any course of 4th year, he must apply for such improvement examination before the award of the degree. Improvement shall not be allowed once the degree is awarded. RE-ADMISSION A student failing to get the requisite grade points for promotion to the next year may seek re-admission with the following batches. For re-admission a student should apply for this within one month after the publication of result of the concerned year. On re-admission, grades earned earlier by a student in the class year of re-admission shall be cancelled and the student shall have to retake all the courses and examinations. Re-admission in a class-year shall be allowed only once in a class and a student shall not be allowed re-admission in more than twice during the entire program. DROPPING-OUT A student shall be dropped out of the program if (a) the student fails to earn required CGPA for promotion from one year to next after taking re-admission in any year, or (b) the student earns "F" grade in any course after taking two improvement examination. ADOPTION OF UNFAIR MEANS Students adopting unfair means in exams, assignments, term papers, reports and thesis shall be expelled from the university. DEAN'S HONOR LIST, DEAN'S MERIT LIST AND HONOR SOCIETY Students who have earned GPA of 4.0 shall be included in the Dean's Merit list. Students securing a YGPA of at least 3.85 shall be inducted in the Dean's Honor list of the year. In addition, the department has created Finance and Banking Honor Society to recognize the academic achievements of students. Students securing a minimum CGPA of 3.90 in BBA program are inducted to the Finance and Banking Honor Society. ACADEMIC ADMINISTRATION At the beginning of each semester, the BBA program office announces (with the approval of the academic committee) academic calendar for each semester. The academic calendar includes 15 weeks of class, two weeks for two in-term examinations and two weeks for holding the final examinations. The BBA Program Office is responsible for the academic administration of the BBA program. The BBA program administration is assisted by batch coordinators. The Academic Committee of the department nominates one of its members to act as the Coordinator for each batch. The BBA Program Committee consisting of Chairman, BBA Program Director and the Batch Coordinators deals with matters relating to class monitoring, academic calendar, improvement of grade, re-admission and promotion and preparation of Dean's Honor and Merit lists and Finance and Banking Honor Society. COURSES FOR THE BBA PROGRAM FIRST YEAR PROGRAM FIRST SEMESTER F-101 : Business English & Communication F-102 : Computer Applications in Business F-103 : Financial Accounting - I F-104 : Business Mathematics - I SECOND SEMESTER F-105 : Business Finance F-106 : Microeconomics F-107 : Business Mathematics - II F-108 : Fundamentals of Business and Management Viva Voce SECOND YEAR PROGRAM THIRD SEMESTER F-201 : Financial Accounting - II F-202 : Business Statistics - I F-203 : Macroeconomics F-204 : Principles of Marketing F-205 : Legal Environment of Business FOURTH SEMESTER F-206 : Financial Management F-207 : Business Statistics - II F-208 : International Trade and Finance F-209 : Auditing and Business Taxation F-210 : Principles of Insurance Viva Voce THIRD YEAR PROGRAM FIFTH SEMESTER F-301 : Organizational Behavior and Human Resource Development F-302 : Cost and Management Accounting F-303 : Capital Budgeting and Project Management F-304 : Financial Markets and Institutions F-305 : Economics of Money and Banking SIXTH SEMESTER F-306 : Entrepreneurship and Business Project Development F-307 : Analysis of Security Investment F-308 : Business Forecasting F-309 : Law and Practice of Banking F-310 : Government Finance Viva Voce FOURTH YEAR PROGRAM SEVENTH SEMESTER F-401 : Financial Reporting and Analysis F-402 : Finance and Development F-403 : Investment Banking and Lease Financing F-404 : E-Commerce and E-Banking F-405 : Working Capital Management EIGHTH SEMESTER F-406 : Financial Information System and I.T. in Financial Decision Making F-407 : Security Pricing and Portfolio Theory F-408 : Corporate Finance F-409 : Real Estate Finance F-410 : Business Policy, Ethics and Strategy Viva Voce TEACHING METHOD The department follows the modern teaching method for its students. Class lectures are supplemented by case analysis, term papers, field visits, computer applications and guest lectures by key business executives in the country. All classrooms are equipped with overhead projectors and sound systems. In addition, multimedia overhead projectors are used for class lectures and presentations by students. The medium of instruction is English. COURSE EVALUATION The Department of Finance has introduced course evaluation at the end of each semester. The objective of course evaluation is to address students' concerns and problems in the course. This enables the teachers to enrich the course and the teaching method followed in the course. The BBA Program Office conducts the evaluation for each course through a structured evaluation form. Generally this is conducted in the last class week of the semester. Top • SCHOLARSHIPS & FINANCIAL ASSISTANCE • RESOURCES AND FACILITIES SCHOLARSHIPS AND FINANCIAL ASSISTANCE The University of Dhaka provides limited number of scholarships to the meritorious students. But generally these scholarships are quite insufficient to cover all educational expenses. The Department of Finance in collaboration with banks and other organizations, arranges part-time jobs and financial assistance for students not having adequate financial support. Our Alumni, Mr. Mozaffer Siddique has established a trust fund entitled "Syeda Anwara Memorial Trust Fund" to provide scholarship to poor and meritorious students. Dutch Bangla Bank also provides scholarships to poor and meritorious students. Moreover, the Department has introduced Administrative Assistantships for the needy students. The assistantship is offered by the Placement Office, BBA Program office and MBA Program Office. Students in need of financial support should contact the Directors of concerned offices. The Department has decided to create Finance and Banking Trust Fund to provide scholarships to the financially constrained meritorious students. The department has already received commitments from different organization to donate funds in the trust fund. Intending students should apply when applications are invited. RESOURCES AND FACILITIES Computer Facilities The Department is equipped with a modern Computer Lab named after 'Omar Sultan Foundation'. The Lab, comprising of 35 computers, has been established with a view to catering to the needs for developing the computer skills of students. The Department has been successfully performing its obligation to equip the students with the primary knowledge and to develop computer skills through various programs. It offers regular courses on business application packages to the students. The Department has two multi-media overhead projectors to facilitate the students in presenting case studies and term papers. Moreover, offices of the teachers are well equipped with personal computers and Internet facilities in most cases. Placement Office The Department of Finance has a full-fledged Placement Office. The major functions of the Placement Office are: (a) to organize exposure visits of the under-graduate and graduate students to different organizations, industries, banks and insurance companies; (b) to secure place for the students to work as interns in different organizations; (c) to organize job fair for our graduates, (d) to publish brochures and documents for dissemination of information among the potential employers, and (e) to invite distinguished scholars, professionals and business executives on specific topics for enriching knowledge of our students under the Monthly Guest Lecture Series. It is expected that this office will facilitate the students to get need-oriented business education. The Placement Office is managed and administered by a Committee of three members. Internships Internship is an integral part of our BBA and MBA Programs. The objective of the program is to expose the students to the organizational work environment. Under this program, each student is required to work as an intern in a business organization, government office, bank or financial institution. The duration of internship program is one and half months for BBA students and three months for MBA students. As a part of the program, each student has to prepare a report under the supervision of a teacher of the department. Counseling and Guidance The University of Dhaka has a separate cell for students' counseling and guidance in order to keep close contact between the students and the faculty members. As part of the program, two faculty members of the department are in-charge of the students' counseling and guidance. Students can get advice from them on academic matters and also on any non-academic matters that affect their academic life. Library Facilities The University of Dhaka has library facilities with the wide collection of books, journals, reports, theses, microfilms, newspapers and other materials. The central library is located in the southeastern corner of Art Faculty campus. The science library is located near the Doel Square beside the Mokarram Bhaban. The Faculty of Business Studies has its own library named as Arif Memorial Library at the second floor of Faculty's Administrative Building. Students have access to all these libraries. In addition, some residential halls of the university have their separate libraries for the students of respective halls. Guest Lecture/Series The Department of Finance organizes guest lectures/seminars inviting specialized talents and reputed executives from the public and private sectors to highlight on topics of current interest. In August 2000, the Guest Lecture Series was formally inaugurated by the Vice Chancellor of the University. During the past one-year, quite a significant number of speakers, guest speakers had delivered lectures on different topics under the program. Seminar Series The department has decided to introduce seminar series to induce research activities and to disseminate and share knowledge and ideas among the faculties and professionals. Under this program, faculty members will present research papers for discussion and comments. Journal of Finance and Banking "Finance and Banking" is the half-yearly refereed journal published by the Department. The journal has an editorial board comprising of professors of the Department and some outstanding external experts. It contains research-based articles on finance and related fields. Authors are generally those of good standing in the academic institutions, industries and government organizations. Executive Development Program Short training programs and workshops are organized occasionally for the executives of private organizations, public sector corporations, banks and other financial organizations with the objectives of dissemination of knowledge and development of skill in managerial finance. Uptil now, a few hundred executives of many organizations participated in our short programs. MASTER OF BUSINESS ADMINISTRATION (RULES AND REGULATIONS) MBA Program The Master of Business Administration (MBA) Program of the Department of Finance is a full-time 48-credit hour professional program. The program is designed to meet the needs of the students who want to develop their career as executives in the business world as well as teaching and research positions in different institutions. Rules and regulations approved by the University are designed to administer the MBA program. These rules are based on the types of programs offered by the department, objectives of offering those programs, desired qualities of future graduates and the availability of physical resources. Admission Only 4-year BBA graduates of the University of Dhaka are eligible to get admission into the MBA Program in Finance and Banking (with two concentration areas -- Finance and Insurance). The Department determines class size in the MBA Program. Duration of the Program MBA Program will he of (one) year duration divided into 2 (two) semesters. Every semester will be of (nineteen) weeks, of which 15 (fifteen) weeks for lecture with at least I (one) week break and 3 (three) weeks for holding of semester Final examinations. For each course there will be 2 lectures of 90 minutes each (equivalent to 3 lectures of one hour) per week and thus a total of 4S class hours (lectures) in 15-week period. In each semester a student sill have to take 5 courses (covering 15 credit hours). A regular student is, expected to Fulfill the course requirements in two semesters i.e., in one academic year. At the end of the 1St semester, each student will select a topic in consultation with the Guide/Supervisor approved by the Supervision Committee toward fulfillment of the internship program. Throughout the 2nd semester the student will build up theoretical framework in consultation with the supervisor along with carrying out the normal course load. After completion of the final examination of the 2nd semester, the student will undertake field work and submit the report within 12 weeks. A student admitted into the MBA Program must earn the degree within three academic years. Evaluation and Grading System The performance of students in a course will he evaluated as under: Mid-term Tests 30% Term Paper 15% Participation & Case Presentation 15% Final Examination 40% Course teachers will evaluate all mid-term tests, term papers and presentations and will be required to submit final letter grades to the examination committee, as explained below : Marks Grade Grade Point 90+ A 4.00 85-89 A- 3.67 80-84 B+ 3.33 75-79 B 3.00 70-74 B- 2.67 65-69 C+ 2.33 60-64 C 2.00 Below 60 F 0 Before the final examination, course teacher is required to submit all scripts, term papers with results to the Program Director. Duration of course final examination will he 3 hours and scripts will be evaluated by a single examiner. Course teacher will make available the scripts, papers to the students in the class room in the following week except those of final examination. In case of any grievances expressed by an',, student within one week of publication of Provisional Results regarding grade he/she received in any course, the committee reserves the right for re-examination of the scripts of the said student and accordingly report to the Academic Committee. The Examination Committee will organize and supervise the final examination. The Examination Committee will publish the semester result within 15 days of the last exam. Class Attendance It is mandatory to attend all classes held in a course to sit for the final examination. Students will be required to to take leave of absence from the class on the ground of sickness or any exceptional circumstances subject to the approval of the course teacher. Course teacher will submit the class attendance register to the Supervision Committee during the class break. The Supervision Committee and the Chairman of the Department will evaluate the attendance of the students to determine the eligibility to sit for final examination. Promotion and Dismissal A student must maintain a minimum CGPA of 2.5 to remain good in academic standing at all levels of the program. Any student failing to earn SGPA (Semester Grade point Average) of 2.00 in the first semester will not be promoted to the second semester and will be dismissed from the Program. In this case the student may seek fresh admission with the next batch. Academic Probation At the end of first semester if a student tails to maintain a SGPA of 2.5 but possesses a GPA of 2.00 or more will be placed on academic probation. In this case, the student must improve his/her SGPA in the second semester to earn the required CGPA for the Degree. Retake (R) A student earning `F grade in a course shall he required to improve the grade by retaking the course on payment of requisite fees offered in the subsequent available semester. A student earning a grade `A-' or worse may also elect to improve the grade by retaking the course when available in the next semester on payment of retaking course fees. However, a candidate cannot retake any course after graduation. In this case theconcerned student will have to apply to withhold his/her graduation to the Coordination Committee. In the above situation the transcripts will show credit, grade and R (Retake) against the retaken course. Students will be allowed to retake a course only once. In order to retake a course the student must apply to the Coordination Committee at least 4 weeks before the commencement of the semester. Any application for retaking a course will automatically lead to cancellation of his/her earlier grade. Withdrawal Withdrawal from the program for a definite period of time may be considered if permission is sought from the Coordination Committee keeping his/her earlier semester grades intact. But he/she will have to complete the program in three academic years from his/her date of (first) admission. Degree Requirements The MBA Program requires a student to undertake a total of 48 credit hours which include a 3-month internship program followed by a Project Paper and defence on internship. The 48 credit hours are distributed as follows: i) Completion of 14 courses (14X3): 42 Credit hours ii) Project paper and defense on internship: 6 Credit hours A student should have a CGPA of at yeast 2. for the award of the MBA degree along with the successful completion of project paper and defence. No student will be awarded MBA degree with `F grade in any course. In such a situation, the student will have to retake the course. The Departmental BBA graduates may get waiver of a maximum of 4 courses (12 credit hours) with a GPA of at least 3.00 in respective courses to be determined by the MBA Supervision Committee of the Department. The nature and number of core and Elective courses will he determined by the Academic Committee of the Department. Award of Degree On completion of the degree requirements the University of Dhaka will award MBA degree on the recommendation of the Departmental Academic Committee. Students completing the required courses with a minimum CGPA of 2.50 will be eligible for a diploma. But none will get a degree with an `F' grade in any course. Adoption of Unfair means Students adopting unfair means in all kinds of tests, assignments and examinations will be treated according to the University rules. Dean's Honour List and Dean's Merit List A list of regular students who have been awarded MBA degree with a CGPA of at least 3.90 will be included in the Dean's Honour List of the year of Graduation. Regular Students who have earned SGPA of 4.0 in any semester will be included in the Dean's Merit List of the Semester. Administration of the Program A 4-member Examination Committee will act as the Supervision Committee of the program headed by a Program Director (PD) who will also act as the Chairman of the Examination Committee. The PD will administer the program and will be supported by appropriate logistics from the Department. The tenure of the PD and the Members will be at least for one year. In addition to performing the normal functions of the examination committee, the committee will have the responsibility of: (a) Looking after the development of course outline prepared by the course teacher/instructor, and suggesting required changes to fulfill the objectives of offering the course. (b) Planning and coordinating the activities of the MBA program. (c) Monitoring the progress of the program. (c) Reporting to the Academic Committee at least once in each semester regarding the progress of the program. (d) Arranging for the defence of the project paper. (e) Preparing any other activities for smooth functioning and development of the program as determined by the Departmental Academic Committee. In case of any grivances expressed by any student within one week of the publication of provisional results regarding the grade he/she received in any course, the Committee reserves the right to arrange for the re-examination of the scripts of the said student and accordingly report to the Academic Committee. AREAS OF CONCENTRATION AND COURSE TITLES FINANCE GROUP: Compulsory Courses : F-501: Management of Financial Institutions F-502: Corporate Governance and Restructuring F-503: Financial Derivatives F-504: Fixed Income Securities F-505: Portfolio Management F-506: Cases in Financial Decision Making Optinal Courses:(Any Four) F-507: International Financial Management F-508: Project Appraisal and Management F-509: Financial Analysis and Control F-510: Financial Markets and Institutions F-511: Corporate Strategy, Ethics and Business Policy F-512: Operations Research F-513: Financial Engineering F-514: Mathematical Methods of Finance F-515: Rural Finance F-516: Finance Theory F-517: Financial and Information Economics F-518: Investment Banking and Lease Financing F-519: Rural Financial Markets and Micro Finance F-520: E-Commerce and Electronic Banking F-521: International Business F-522: Monetary Economics F-523: Entrepreneurship and Business Project Development F-524: FIS and IT in Financial Decision Making F-525: Securities Law F-526: Foreign Exchange and International Risk Management F-527: Government Finance F-528: Finance and Development F-529: Production Management F-530: Valuation of Firms F-531: Real Estate Finance F-532: Business Research Methodology and Econometrics F-533: Industrial Organization F-534: Working Capital Management F-535: Market Microstructure F-536: Corporate Finance F-537: Seminar in Finance INSURANCE GROUP : Compulsory Corses: I-501: Principles of Insurance I-502: Property, Pecuniary and Liability Insurance I-503: Life Insurance I-504: Marketing of Insurance Services I-505: Law and Practice of Insurance I-506: Actuarial Science and Pricing of Insurance I-507: Risk Management I-508: Management and Accounting of Insurance Companies Optional Courses : (Any Two) I-509: Insurance Fund management I-510: Regulation and Supervision of Insurance Business I-511: Security Analysis and Portfolio Management I-512: FIS and IT in Financial Decision Making I-513: Finance and Development I-514: Real Estate Finance I-515: Business Research Methodology and Econometrics I-516: Competition and Insurance Market Structure I-517: Health Insurance I-518: Financial Markets and Institutions I-519: Economics of Money and Banking I-520: Actuarial Modeling I-521: Project Appraisal and Management I-522: Portfolio Management I-523: Mathematical Models of Finance I-524: Working Capital Management I-525: Entrepreneurship and Business Project Development I-526: Business Policy, Ethics and Strategy I-527: Industrial Organization I-528: Fixed Income Securities I-529: Financial Derivatives I-530: Financial Engineering I-531: Seminar in Insurance

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