May 14, 2008
UCLA Anderson and Indian School of Business Jointly Launch Financial Engineering Program in India
Program will be more quantitative than typical MBA programs
LOS ANGELES - UCLA Anderson School of Management and the Indian School of Business (ISB) will jointly launch a “first of its kind” executive program in Financial Engineering, starting July 2008. The six-month program has been specifically designed for financial experts managing large assets for individuals and companies to widen their domain of knowledge in the discipline of financial engineering.
"The level of financial and technical savvy required by organizations in today’s global financial markets has accelerated the demand for well-trained financial engineers," says Judy D. Olian, Dean of UCLA Anderson School of Management. "The ISB-UCLA Anderson partnership presents a valuable opportunity to maximize the strengths and academic prominence of both schools in this technically rigorous program.”
The fast pace of growth in the Indian finance market has created a corresponding need for managers capable of anticipating and solving the various issues involved in asset management. The ISB-UCLA Anderson program will provide a depth of study in finance that is more quantitatively oriented than in traditional MBA programs. Taught by leading experts and world-renowned finance faculty from both UCLA Anderson and ISB, the program features an impressive list of supervisors, including two former American Finance Association presidents.
“I am delighted with the partnership of the ISB with UCLA Anderson. The program is an outcome of several meetings with corporate leaders in the finance industry, financial experts, and policy makers, who expressed the need for finance professionals to understand the vibrant nature of a changing India in the world economy,” said Indian School of Business Dean M Rammohan Rao. “This program will be extremely beneficial to finance professionals and will equip them with an accurate and precise knowledge of up-to-date financial economics and financial practice,” he added.
Consisting of four teaching modules of one-week each and delivered once a month, the program will take place between July and December at the Indian School of Business in Hyderabad, India. The modules of the program are: (1) Core Concepts, (2) Quantitative Asset Management, (3) Financial Risk Management, and (4) Security Research, Analysis, and Valuation. Module one will be mandatory for all participants, as it includes understanding the fundamental principles of financial engineering. The remaining three modules are optional, leaving it up to students to study one or more of the other subjects, depending on their professional interests. The last two months of the program will consist of project work that is supervised by ISB and UCLA Anderson faculty members.
“Through this program, participants will be better equipped to face the complex demands of an increasingly technical market in a practical manner," says Bhagwan Chowdhry, professor of finance at UCLA Anderson School of Management and director of the ISB-UCLA Anderson program.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the very best business schools in the world. UCLA Anderson faculty are ranked #1 in "Intellectual Capital" by BusinessWeek and are renowned for their teaching excellence and research in advancing management thinking. Furthermore, the finance faculty is ranked #1 in research publications in the four leading peer-reviewed journals by the Financial Management Association. Each year, UCLA Anderson provides management education to more than 1,600 students enrolled in MBA, Executive MBA, Fully-Employed MBA and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 35,000 alumni, UCLA Anderson develops and prepares global leaders.
About the Indian School of Business
The Indian School of Business is a premier management institution established in 2001. In a short span of seven years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world. In both its Post Graduate Programme in Management and Executive Education Programmes, the ISB invites high calibre international faculty from reputed B-schools to teach and participate in collaborative research with the strong pool of research oriented, resident faculty at the ISB. The ISB has academic associations with the Kellogg School of Management, The Wharton School, and the London Business School and was recently ranked 20 among top 100 B-schools by Financial Times, London.
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