Master of Professional Banking (MPB) Program
To cater the burgeoning demand for skilled human resources required to cope up with fourth industrial revolution, the Academic Council and the Syndicate of the University of Dhaka has approved the Master of Professional Banking (MPB) program under the umbrella of the Faculty of Business Studies in 2022. The Department of Banking and Insurance, University of Dhaka is one of the nationally acclaimed and globally recognized departments. Since its origin, the department aims to provide in depth and rigorous professional education to face the global changes and the challenges in the field of financial services. Since its inception in 2004, the Department of Banking and Insurance is trying to cater needs of qualified professionals who intend to build career for jobs in banking & insurance industry and financial institutions of both local and global levels in particular. The job in these fields has become most challenging and dynamic due to prevailing acute competitions across the banks and financial service industries and frequent changes of global economy. In Bangladesh, the banking and insurance industry plays inevitable role in accelerating the economic development by providing financial services to promote trade, commerce and industry. Financial system of any economy requires the most talented and highly skilled professional, having fundamental knowledge on banking and financial service industries to cope up with threats and hindrances of the highly complex and competitive job markets. Therefore, the Department of Banking and Insurance has taken an initiative with its professionally trained and experienced teachers along with real world practitioners to develop professional skills of unskilled and semiskilled professionals working in this vibrant field. Considering the ever increasing demand of skilled professional manpower in this field at present and in foreseeable future, the Department of Banking and Insurance, University of Dhaka offers a course curriculum best suited to the personnel looking for development of professional skills particularly in the field of banking and financial services institution. Moreover, the teaching methods offered with modern tools and equipments with learning friendly academic environment have made the Department a unique institution within and outside the country. The objective of Master of Professional Banking (MPB) program is to produce qualified professional bankers for the national and international markets with advance learning education system. Accordingly, the objectives are to: a) Prepare the participants from a variety of different backgrounds with the range of skills and techniques necessary to provide a solid foundation for their career; b) Promote learners’ perception of the functional areas of business and developing a general perspective of their interrelationship; c) Enhance the ability of the learners to identify business problems and resolving; d) Assist learners in understanding the dynamics of business operations in an increasingly complex global environment and in competently dealing with the management challenges therein; and e) Develop leadership qualities to work effectively fostering critical thinking and enhancing interpersonal communication.
17 courses · 51 credit hours across 5 terms
| Code | Course title | Credits | |
|---|---|---|---|
| Fundamental Courses MPB 401 | Business Communication | 3 |
Course objectives: This course attempts to develop the skills of students in exchanging messages with the clients for development of mutual understanding needed to enter into business deals. The course focuses on the techniques of preparation of reports on business matters and the art of presenting them. Course contents: Communication, written and oral communication, major media of written and oral communication, communication, non-verbal communication, internal communication, effective meeting, information age and the use of computers in business communication, audio-visual aids in communication, office memos, business reports, short essay writing on topics relating to business world, common business abbreviations and acronyms, meaning and use of commercial terms, comprehension and precise writing, art of addressing meeting and conferences, business documents and office papers. Textbook: 1. Business Communication by A.C. “Buddy”Krizan, Patricia Merrier, Joyce P. Logan, Karen Schneiter Williams Reference book: 2. Basic Business Communication by Raymond V. Lesiker |
| Fundamental Courses MPB 402 | Managerial Economics | 3 |
Course objectives: The purpose of this course is to apply micro economic concepts and techniques in evaluating business decisions taken by firms. The emphasis is on explaining how tools of standard price theory can be employed to formulate a decision problem, evaluate alternative courses of action and finally choose among alternatives. Course contents: This course offers the scope and coverage of the subject; Matter use of mathematical logic, graphs and models; firm, household and the national economy; theory of demand and supply, equilibrium and shifts in substitution effects; regression techniques and demand estimation; theory of production, economies of scale, factor productivity; cost theory and factor pricing: classification of costs; short- and long-run trend, average and marginal cost and revenue; theory of production: scale and factor productivity, determination of marginal values, optimization of costs and output; market structure: monopoly, oligopoly, monopolistic competition and perfect competition, price and output decisions under different market forms; technological change, productivity and economic growth; business environment, investment climate and government policy. Textbook: 1. Managerial Economics, by H. C. Peterson and W. C. Lewis Reference book: 1. Managerial Economics: Economic tools for today’s Decision Maker by: P.G Keat, P. Young & Stephen E Erfle (7 th Edition) 2. Managerial Economics: Theory, Application and Cases by: Allen, Doherty & Mansfield (8 th Edition) |
| Fundamental Courses MPB 403 | Financial Accounting | 3 |
in the context of how accounting fits into the overall business environment. Students will learn how accounting functions as an information development and communication system that support economic decision making and provide value to entities and society. Course contents: Accounting cycle, accounting equation, concepts and principles, international accounting standard (IAS), preparation of work sheet, merchandising operations and inventory management, accounting for partnership, issue of common stock, bonus and right issue, and depreciation strategies of tangible and intangible assets, statement of cash flows, corporations: organization and capital stock transactions, plant assets, natural resources, and intangible assets. Textbook: 1. Accounting Principles, by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso. Reference books: 1. Fundamental Accounting Principles, by Kermit D. Larson, John J. Wild, Barbara Chiappetta. 2. Advanced Accountancy (Volume-I): Principles of Accounting, by S.P. Jain, K.L. Narang |
| Fundamental Courses MPB 404 | Financial Management | 3 |
Course objectives: Financial management course is the gateway to all other major courses in the field of finance. The course aims at providing students with the principles of managerial finance. This course will broadly focus on fund acquisition, financing and management of assets of a firm as a part of its overall financial decision-making. Upon successful completion of the course, students will be able to understand the core contents and scope of financial management and the vital role played by a financial manager to meet the organization’s objectives. Course contents: Introductory discussion: Role of finance/ financial management, Categories of financial assets, Valuation of long-term securities, Short-term financing, Capital budgeting and estimating cash flows, Capital budgeting techniques, Required return and cost of capital, Operating and financial leverage, Capital structure, Dividend policy, Long-term debt, Preferred stock, Common stock, Term loans and leases. Text book: 1. Fundamentals of Financial Management, by J.C. Van Horne & J.M. Wachowicz Reference books: 1. Principles of Managerial Finance, Gitman 2. Essentials of Managerial Finance, Besley & Brigham |
| Code | Course title | Credits | |
|---|---|---|---|
| Core Course MPB 501 | Banking Theory and Practice | 3 |
Course objectives: This course is designed to familiarize the students with banking activities, mechanism, techniques and provision required to conduct and manage the business of banking in Bangladesh a swell as around the globe. Course contents: Banking structure and system, financial system and banking structure in Bangladesh, banker and customer relationship, opening and operating bank accounts, negotiable instruments, cheque, bill of exchange and promissory note, the paying banker and collecting banker, endorsement, loans 18 and advances, types of securities, modes of creating charge, guarantees, commercial banking, liquidity management, central banking, letter of credit and others. Textbook: 1. Banking Law and Practice by P. N. Varshney Reference books 1. Banking by N. T. Somashekar 2. Banking Law and Practice by S. N. Maheshwari |
| Core Course MPB 502 | Credit Operations and Management | 3 |
Course objectives: The objective of this course is to provide an understanding of the concepts, processes and techniques that underpin best practice across a range of credit environments. A further mission of the course is to strengthen students’ analytical skills by extending critical thinking when applying accounting and financial knowledge in the practice of lending; particularly assessing a borrower’s financial position during and after a lending decision is made. Course contents: Management of bank funds: sources and uses of funds, bank lending: policies and procedure, lending to business firms; securities for bank advances, guarantees, working capital and term loan financing, loan documentation, credit assessment and risk grading – internal credit risk rating system, default risk models, what if: credit risk stress testing. Textbooks: 1. Bank Management and Financial Services by Peter S. Rose and Sylvia C. Hudgins 2. Management of Bank Credit by H. R. Suneja |
| Core Course MPB 503 | Risk Management in Banks | 3 |
Course objectives: The goal of this course is to understand how risks are categorized, quantified, monitored and managed within banks utilizing the relevant regulatory requirements. It deals with analyzing economic rationales for risk management, studying methods to assess the risk, analyzing on and off balance sheet techniques to manage risk as well as discussing contemporary events and their implications for effective risk management in banks. Course contents: Fundamental issues of risk management, commercial banking business models, asset-liability management, quantifying managing interest rate risk, off-balance sheet approaches to interest rate risk management; banking risk measurement: Value at risk; comparison of ALM and VaR approaches to risk management, role of securitization in asset liability management, credit risk, liquidity risk, operational risk and abuse of financial services, foreign exchange risk management, regulation as a force shaping the banking sector, managing internal control and compliance risk, stress testing. Textbooks: 1. Risk Management in Banking by Joel Bessis 2. Managing Bank Risk: An Introduction to Broad-Base Credit Engineering by Morton Glantz Reference book: 1. Financial Institutions Management: A Risk Management Approach by Saunders and Cornett |
| Core Course MPB 504 | Central Banking | 3 |
Course objectives: The objective of this course is to provide an understanding of the purposes and functions of central banks and the challenges they confront. A major discussion of this course is on monetary policy. The course considers the instruments available to the monetary authorities to achieve the aims and assesses the relative merits of the approaches to the implementation of monetary policy. Course contents: Brief overview of central banking history, international monetary system, modern central banking rules and functions, modern central banking mandates, theoretical foundation of the practice of modern monetary policy, monetary policy regimes, monetary policy implementation, monetary policy transmission mechanism, monetary policy statement preparation and publication, theoretical foundation of financial stability, monitoring and identifying the risks of financial instability and intervention tools for ex-ante and ex-post financial instability, guidelines on risk based capital adequacy, central bank independence and transparency. Textbook: 1. Theory and Practice in Sustaining Monetary and Financial Stability by ThammarakMoenjak Reference books: 1. The Economics of Money, Banking, and Financial Market by Fredric S. Mishkin 2. Various relevant publications of Bangladesh Bank and Ministry of Finance |
| Core Course MPB 505 | Trade Finance and Foreign Exchange | 3 |
Course objectives: The objective of this course is to provide the basic concepts of foreign exchange while highlighting the recent changes in foreign exchange and foreign trade that give rise to different new areas to explore. After completion of this course, students are expected to understand the needs and functions of foreign exchange markets and international financial markets along with multifarious work management in foreign exchange branches of commercial banks. Course contents: Foreign exchange and international financial system, architecture of foreign exchange markets, participants in foreign exchange markets (arbitrage, speculation, hedging), exchange rate determination, types of foreign exchange operations (spot, forward, FX swaps, currency swaps, futures and option) and documentation, relationship between the changes of exchange rates and the dynamics of fundamental economic factors (balance of payments, inflation, interest rates, expectations), nature of foreign exchange exposure and risk and its management, structure of the balance of payments and main relations between economic transaction in the balance of payments, export and import financing, international investment and capital flow, foreign exchange scenario in Bangladesh. Textbooks: 1. Foreign Exchange and Risk Management by Syed Ashraf Ali 2. International Financial Management by Jeff Madura Reference book: 1. Money, Interest and Banking in Economic Development by Fry J. Maxwell |
| Core Course MPB 506 | Investment Analysis and Portfolio Management | 3 |
Course objectives: This course will teach students how to build rigorous financial models in Excel that integrate the Balance Sheet, Income Statement, and Statement of Cash Flows. Valuation is one important 20 output of the model. Students will also learn how to model Leveraged Buyouts (LBOs) and Mergers & Acquisitions in Excel. As a capstone project, students will initiate coverage on a company and write a stock report, with an accompanying financial model and present their findings to the class. The class is designed for students seeking a career in Investment Banking, Equity / Fixed Income Research, or Private Equity. Course contents: This course includes topics like investments; securities; securities market; sources of financial information, statistical concepts; expected returns and risk; bonds and its valuation; stock valuation; market, industry and company analysis; stock price indices and averages; short and long term investment of bank funds; technical analysis; investment companies; introduction to options and futures. Textbooks: 1. Investments, by Bodie, Kane and Marcus 2. Modern Portfolio Theory and Investment Analysis, by Elton and Grubber 3. Investment Analysis and Management, by Charles P. Jones 4. Security Analysis and Portfolio Management, by S. Kevin |
| Core Course MPB 507 | SME and Microfinance | 3 |
Course objectives: SME and Microfinance as an academic unit covers basic fundamentals of SME and microfinance concepts, models, and institutions. This course will also enrich the students with detail idea about assessing credit risk, financial viability, borrower behavior and designing loan products for micro-entrepreneurs and SMEs. Students will gather knowledge about regulatory and policy frameworks for SMEs and microfinance institutions in Bangladesh. The course will explore how microfinance, digital finance, alternative financing channels help overcome capital constraints for SMEs and micro entrepreneurs. At the end of the course students will be able to evaluate impact of SME and microfinance on economic development and women’s empowerment. This course will also cover preparation of financing proposals and portfolio performance reports. Course Contents: Introduction to inclusive finance, SME and Microfinance sector in Bangladesh, Microfinance models and institutions, SME and Microfinance products, Credit Appraisal & Financial Analysis, ,Risk Management in SME & Micro Lending, Regulation & Policy Framework, Digital Finance & Fintech in Inclusive Lending, Impact Assessment &Women Empowerment, Future of SME & Microfinance. Text Book: 1. A Guide to SME Financing, David Munro 2. Microfinance, O.C Rana & Hem Raj Reference books: 1. The Economics of Microfinance, Beatriz Armendariz & Jonathan Morduch 2. Microfinance Handbook (An Institutional and Financial Perspective), Joanna Ledgerwood |
| Core Course MPB 508 | Financial Markets and Institutions | 3 |
Course objectives: This course is a gateway course to other major courses in the stream of finance. It provides a foundation that students will need in advanced finance classes. This course is designed to help understand the mechanics of financial instruments and market participants. Course contents: Introduction to financial markets and an evaluation of the institutions, instruments and participants involved in the industry, evaluation of equity, money, bond, futures, options and exchange rate markets, investigation of various institutional participants and different types of financial instruments. Textbook: 1. Financial Markets and Institutions by Jeff Madura Reference book: 1. Foundations of Financial Markets and Institutions by Frank J. Fabozzi, Franco Modigliani, Frank J. Jones, and Micheal G. Ferri |
| Code | Course title | Credits | |
|---|---|---|---|
| Elective Courses MPB 601 | Investment Banking | 3 |
Course objectives: This course is one of the major courses to educate the students with the essentials of capital creation, investment management, and primary & secondary market making. The students are expected to learn how securities are placed in the market, role of investment bankers in issue management, as well as corporate restructuring and corporate advisory. Course contents: Introduction to investment banking, Difference between merchant banking and investment banking, Major functions of investment bankers and broad array of activities of investment bankers such as primary market making, venture capital, financial engineering, IPO: shelf registration, Details of rights offer: the use of rights issue, issue terms and related problems, Underwriting methods, Role of underwriters to manage and market a new issue, Book building process, Types of underwriters, Significance of underwriting, Private placement, Offer price determination, Firm valuation models, Technical analysis and investment choices, Analysis of offer documents, Overview of present industry practice. Text book: 1. Rosenbaum & Pearl, Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions, John Wiley & Sons, Inc. 2013 Reference book: 1. The Business of Investment Banking: A Comprehensive Overview written by K. Thomas Liaw (third edition, Wiley 2012). |
| Elective Courses MPB 605 | Project Management | 3 |
Course objectives: The course aims at imparting to the students’ knowledge of principles of processes commonly used in project cycle management and the skills for effective application of such processes for sustainable community driven development programs. It will cover the tools and techniques for identification, analysis, design, implementation, monitoring and evaluation of programs and projects from the point of view of all stakeholders. Course contents: Projects characteristics and type, project appraisal, social cost benefit analysis, project cost estimation, project financing, financial appraisal, project planning and scheduling, project cost control, rehabilitation of sick units, project contracts, project risk analysis, options in projects. Textbook: 1. Project Management by K. Nagarajon Reference books: 1. Projects: Planning, Implementation, Controlling and Financing by Prasanna Chandra 2. Practical Techniques for Effective Project Investment Appraisal by Ralph Tiffin 3. Project Appraisal and Macroeconomic Policy by Tsjalle Van Der Burg |
| Elective Courses MPB 606 | Management of Financial Institutions | 3 |
Course objectives: This course is the application of modern finance theory to the financial decision making and management of banks and non-bank financial institutions particularly from a risk perspective. After completing this course students will understand the risks such as interests rate risk, credit risk, market risk, liquidity risk, operational risk etc. confronted by financial institutions. Students will also be able to apply relevant techniques to measure and manage them. Course contents: Financial services industry, specialness of FIs and financial intermediation risk, off- balance-sheet risk, interest rate risk-I and II, credit risk-I and II, sovereign risk and foreign exchange risk, liquidity risk, liability and liquidity management, operational risks management, capital adequacy. Textbooks: 1. Fundamentals of Financial Institutions Management by M. Cornett and A. Saunders 2. Bank Management and Financial Services by Peter S. Rose and Sylvia C. Hudgins |
| Code | Course title | Credits | |
|---|---|---|---|
| Elective Courses MPB-617 | Corporate Governance and Ethics in Banks | 3 |
Course objectives: The objective of the course is to provide students with the knowledge of basic codes of ethics and social responsibility related to business environment. The course also aims at offering students with a comprehensive knowledge of corporate governance followed by different types of organizations. Course contents: Business ethics concept, theories and tools of business ethics, social responsibility of business,managerialethics,corporateethics,ethicalexpectationsfromemployees,employers,buyersand sellers, corporate governance concept, corporation, shareholders, ownership, directors, monitoring, management, performance, corporate governance in the banking industry of Bangladesh, case studies on corporations in crisis. Textbooks 1. Business Ethics by A.R. Khan 2. Corporate Governance by Robert A. G. Monks and Nell Minow Reference books 1. Prudential Regulations for Banks: Selected Issues, Bangladesh Bank, January 2014 2. Corporate Governance by Kesho Prasad |
| Code | Course title | Credits | |
|---|---|---|---|
| Compulsory Courses Internship | Internship | 3 |
Course objectives: This course offers a detailed understanding on the life and non-life insurance products, the structure of life and non-life insurance companies and the comprehensive aspects of their operations. The scope and the area of implementation of such insurance companies and products will also be delineated. In addition, the learners will gain an understanding of how the current market practice has developed over the life and non-life insurance issues. Course contents: Concepts of Insurance and Law of Insurance, Evolution of Insurance Laws: History, scope and development of Insurance Law, - From Insurance Act 1938 to IRDA Act 1999, Contract of Insurance, Features of Insurance Contract, Parties to contract, Classification of Contracts of Insurance based on nature of event, nature of interest affected, and nature of insurance. Subject matter of insurance, Insurable interest, Life insurance, Property insurance, insurance of Third parties interests, Nature of Risk, Risk Management, Duration and Renewal of Policies. Textbooks: 1. Life Insurance Products and Financing, by D.B. Atkinson & J.W. Dallas 2. Insurance Principles and Practices, : M.N Mishra and Dr. S.B. Mishra, S. Chad & Company Ltd., New Delhi, India. Reference books: 1. Insurance Principles and Practice, R. S. Sharma, Vora and Co. Pvt Ltd, Bombay,India. 2. Insurance Business in Bangladesh, Shahid Uddin Ahmed, Bureau of Business Research, Dhaka University, Dhaka. 3. Insurance Principles, Practices and Legislation, M.K. Ghosh and A.N. Agarwala. 4. Risk and Insurance, Denenberg H. S., Ejlers R. D. and Harfman, G.W., Prentice-Hall |