As a part of Globsyn Business School’s (GBS) student exchange program with the prestigious AB Freeman School of Business (Tulane University, USA), around twenty students of the ‘Executive MBA’ (ITAM) program of the university came down to Kolkata for their ‘Global Module’ curriculum.
The module started with a special session by Prof. Pratip Kar (Director, Globsyn Business School) who addressed the students on the topic ‘Setting Up New Ventures in India by Foreign Entrepreneurs’. The talk provided valuable insights regarding social, cultural as well as cross cultural and demographic challenges of working in India. The most interesting part of the whole module was a joint session between Globsyn Business School students and Tulane University students where they together solved a case study on McDonald’s. During this exercise the students were divided into different groups comprising both GBS and Tulane students and then those groups worked out solutions of the problems mentioned in the case study. This whole program helped GBS students to interact with the Tulane students and learn from their experience.
In this era of globally networked financial markets it is very important for a management student to not only know about the domestic market but they should also be aware about the trends in the global market. Globsyn Business School (GBS) after identifying this requirement has come up with a program – Post Graduate Program in International Finance (PGPIF) with AB Freeman School of Business, Tulane University, USA whose Finance program is among the top ten Finance programs of the world. As a part of the curriculum of this course, professors from Tulane University are scheduled to fly down to Globsyn Business School campus to take important modules of the program.
After Prof. William Resse who taught ‘Investments’ to the GBS students, Prof. Salvatore Cantale, Clinical Professor of Finance and Economics, Tulane University came down to GBS, Kolkata to teach ‘Valuation’ last week. An alumnus of INSEAD, France, Prof. Cantale extensively covered the topic with special emphasize on Issues of Valuation during Mergers & Acquisitions, Financing, etc.
During his weeklong stay Prof. Cantale was extremely pleased with the infrastructure and quality of students of Globsyn Business School and expressed his desire to come back again to take more classes at the school.
Globsyn Business School vision of providing quality international education to its students saw Prof. William Resse – Clinical Professor (Finance & Economics) of Tulane University fly down to its campus to teach a special module ‘Investment’ to the International Finance students of the school. During the weeklong stay at the campus Prof. Resse trained the students on different concepts of Investments like CAPM, Market Efficiency, IPO, Hedging of Portfolio, Bonds etc.
After the conclusion of the module Prof. Resse was extremely happy with the students for their active participation and wished to come back again to work with them in future.
Globsyn Business School’s academic up with the prestigious AB Freeman School Business, Tulane University, USA which includes students exchange programs saw around 25 students of its ‘Executive MBA’ program flying down to Globsyn Business School’s Kolkata campus to complete the India based component of their ‘Global Module’ curriculum.
During their stay here, apart from an intensive academic regime they took time out to interact with the students and faculty team of Globsyn Business School. Mr. Bikram Dasgupta – Chairman & CEO, Globsyn Group shared his ‘Entrepreneurship’ experiences in a lively session that was highly interactive and exceptional. Prof. R. C. Bhattacharya – Director & Vice Chairman, Globsyn Business School gave an overview of Indian History and the current Indian economy.
The students and the faculty of ‘Tulane University’ whose finance program is ranked among the top ten finance programs of the world by the Financial Express, were extremely happy with GBS’ faculty team and infrastructure of Globsyn Business School and expressed a desire to visit again in the future.
Globsyn Business School – a pioneer in creating industry ready professionals has always given emphasis to the industry requirements while designing its courses. In this current time of financial meltdown when the need of the hour is quality finance professionals who can play by the rule of the game, Globsyn Business School has responded by launching ‘Post Graduate Program in International Finance’ (PGPM – IF) in collaboration with A. B. Freeman School of Business, Tulane University, USA.
The Freeman School's Finance program has been ranked among the top 10 Finance programs in the world by the Financial Times in its latest survey of global MBA programs in 2008. The PGPM-IF program will help students gain insights into the real world of financial systems, with real-time trading simulations embedded at the core of the program. Tulane University faculties will travel from USA to Globsyn Business School, Kolkata to teach course modules. The course offers a wide spectrum of relevant subjects like Investments, cases on Valuation and Financing, Financial Modeling, International Banking & Finance, Derivatives, and Risk Management to name a few. Two advanced modules on trading will be taught at Tulane University at New Orleans, USA.
Dr. Angelo DeNisi's (Dean - A. B. Freeman School of Business, Tulane University) Message
Dr. Venkat Subramaniam (Exxon Professor of Finance - A. B. Freeman School of Business, Tulane University) while launching the program along with Prof. R. C. Bhattacharya (Director, Globsyn Business School) and Mr. Romit Dasgupta (Director, Globsyn Group) gave details of the program and also conveyed that being the intellectual capital of India, ‘Kolkata’ is the perfect place to start the program. Ms. Maria Lee (Director, Professional Education – A. B. Freeman School of Business, Tulane University) shared the detail profile of the faculties who will be travelling to Globsyn Business School to teach in this program. Dr. Angelo DeNisi (Dean - A. B. Freeman School of Business, Tulane University) in his video message said – “India without a doubt is the largest supplier of technically trained manpower in the world and we think this is an important place to be for the future, but we needed to find the right partner and I think in Globsyn we found the right partner.”
In the Industry Interaction meet held after the launch, the corporates were seen very excited about the program and they appreciated Globsyn's effort in starting such a kind of a program which will provide the industry the finance professionals with global outlook.
If the late 2001 saw the bankruptcy of Enron and its accounting partner Arthur Anderson, 2008 has seen a much more catastrophic financial tsunami hit the shores of all most all nations leading to severe recessionary pressures, a scale some would say is much worse than the great depression of 1929 to hit America and subsequently the rest of the world.
This latest financial crisis to hit the world economy has been man-made and largely due to:
Short-sightedness of policy makers, specifically in the US.
Creation of a gigantic real estate bubble, and
Unbridled greed among financial institutions that led to creation of exotic derivatives, of which Warren Buffet, the Sage of Omaha, said in 2003, where he compared complex derivative contracts to hell, "Easy to enter and almost impossible to exit”.
As with the Great Depression of 1929, we can expect to see fundamental changes in how financial institutions work, a slew of policy decisions and putting in place stricter regulations to protect investor wealth, particularly those who have seen their life-time savings/pensions being nearly wiped off. If the Sarbanes-Oxley Act was the result of the Enron fiasco, expect to see more such regulations enacted across global economies to regulate and control creation and trade of financial instruments.
As we recover from this financial mess, there will emerge a need for more astute financial professionals, who are not only more prudent but have demonstrable commitment towards investors who vest their faith (and money) on them.
It is in this backdrop that Globsyn Business School is shortly planning to launch a top-of-the-line International Finance Program in collaboration with the Freeman School of Business, Tulane University, whose ‘Finance’ program has been rated among the top 10 in the world, by the Financial Times. A uniquely designed one-year program, students will be tutored by faculty from Tulane University, who shall be travelling to GBS in addition to travelling to the Tulane Campus in the US to be exposed to a ‘live’ simulated trading floor.
Keep watching this space for more details on the program.
One of the highlights in the Globsyn-Tulane(Freeman School) program is the Trading course at Tulane's Simulated "Live Trading Center" (New Orleans) . Tulane's AB Freeman School of Business is also known for the Burkenroad reports. Hear more about the trading course and the Burkenroad Reports in the video below.
Finance management has taken precedence in the new global scenario. The increasing number of students and professionals who are opting for an accredited management program is adequate proof of this reality. Employers too prefer to employ people who have the requisite degree or diploma. Keeping this in mind, we, at Globsyn, have decided to embark on a special Finance program in order to give students and young professionals an optimal fillip when it comes to their careers. Additionally, we are collaborating with one of the top 50 business schools in the US with active participation of its faculty, to make our program more relevant to contemporary corporate expectations, while giving it an extra sheen. This is indeed a Finance program with a difference.
