Delhi University's business school to launch course on share bazaar, recession and investment
Delhi University's business school to launch course on share bazaar, recession and investment
The global economy may be coming out of the worst recession since World War II but the students at the Faculty of Management Studies (FMS), Delhi University, are learning to turn any such adversity into an opportunity.
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And, that is not all. The school is also planning to teach its students how to read the pulse of the volatile sensitive index or sensex to become intelligent investors and business managers.
Starting next academic session, the school will launch four new courses on economic crisis, economic development, globalization and change in stock index.
The course content is being prepared and expected to be ready by January next year.
Prof K Mamkoottam, Head and Dean of FMS said: "The Indian economy has seen the worst times off late. There was not a single sector which we could find flourishing during the period. Our institute, which is known for its high placement record, also had to take a beating. We faced difficulties in placing our students. Moreover, those who got placed were not satisfied."
"Keeping this in view, our management institute decided to start a new course which will be entirely dedicated to recession. As a manager, students must have first hand knowledge about ways to come out of theses situations. I think all the management institutes must make it a point to train their students on recession," added Mamkoottam.
India's premier institute, IIMs, also felt the recession effect. At IIM-Calcutta, the total number of offers from the financial sector dropped to 33 per cent this year compared to 42 per cent last year. Around 56 per cent of the IIM-Ahmedabad batch did a summer internship in the financial sector. But only 45 per cent of students walked away with finance offers in the final placement. Even though the I-bankers walked away with the highest salaries this year too, but the rise in salary levels failed to meet expectations.
Melt it down
Students and young working professionals are upbeat about the idea. Raju Shikarwar, a chartered accountant, said, "This was the first time we were facing such a situation. We were clueless. Now that the situation is improving, we must be prepared for the future. The idea will definitely help in improving things."
Rajnish Srivastava, an MBA aspirant said: "When the recession came, I was a student but now and then I kept reading about its effect in the papers. It's really good to hear that FMS is looking forward and teaching subjects like recession. We hope the study will help us tide the crisis better."
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