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Offered by Indian Institute of Management Calcutta (IIMC)

IIM Calcutta Executive Programme In Applied Finance

A 9‑month executive finance programme (live online with mandatory campus immersions) from IIM Calcutta that equips mid‑career finance professionals with advanced valuation, risk-management and portfolio skills to make strategic financial decisions.

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Duration
9 Months
Current batch / intake
Batch 20
Learning format
Live Online & Campus Immersion
Program fee
₹4,02,500
Program start
25 October 2026
Apply by
18 October 2026
Indian Institute of Management Calcutta (IIMC)

Indian Institute of Management Calcutta (IIMC)

IIM Calcutta Executive Programme In Applied Finance

A 9‑month executive finance programme (live online with mandatory campus immersions) from IIM Calcutta that equips mid‑career finance professionals with advanced valuation, risk-management and portfolio skills to make strategic financial decisions.

Duration 9 Months
Mode Live Online & Campus Immersion
Program Fee ₹4,02,500
Apply By 18 October 2026

Program Overview

This Executive Programme in Applied Finance provides practising finance professionals with advanced, applied training across corporate finance, valuation, fixed income, derivatives, portfolio management and alternative investments. The programme combines live online lectures and industry case studies with two mandatory on‑campus workshops to translate theory into practical decision-making.

Designed for mid‑career professionals in corporate finance, banking, consulting, securities and related roles, the curriculum emphasises analytical frameworks and hands‑on techniques — from DCF valuation and derivatives modelling to portfolio construction and interest‑rate risk management — so participants can make higher‑quality strategic and operational finance decisions in their organisations.

Delivery is via an interactive Direct‑to‑Device platform (live weekend sessions) supplemented by reading materials, assignments and two intensive campus immersions (three and four days) to reinforce application and peer learning.

Why consider this program

Key highlights and core differentiators that set this program apart.

Proven legacy: run across multiple successful cohorts

Live weekend sessions (Sunday live classes)

Live online delivery with mandatory on‑campus immersion (2 intensive workshops)

Industry‑relevant, case‑based curriculum taught by IIM Calcutta faculty

IIM Calcutta Executive Education alumni status on successful completion

What you may gain

Core capabilities, strategic skills, and managerial frameworks you will acquire.

  • Gain advanced cognitive, theoretical and technical finance skills to analyse and solve complex finance problems.
  • Recommend risk-management strategies and analytical techniques to improve financial decision-making.
  • Apply skills to corporate finance, investment decisions, portfolio construction, derivatives and debt markets.
  • Exercise professional judgement using economic, regulatory, ethical and financial perspectives.
  • Integrate financial knowledge to drive organisational performance in local and international markets.

Program at a glance

Essential delivery mode, timeline, and candidate eligibility at a glance.

Career level
Mid-Level
Mode
Live Online & Campus Immersion
Language
English
Certification
Certificate
Application status
Open

Curriculum / Course Content

Comprehensive breakdown of course modules, masterclasses, and hands-on projects.

  • Introduction to Financial Reporting and Statements

  • Balance Sheet and Income Statement

  • Cash Flow statement

  • Financial Statement Analysis

  • Cost Concepts

  • Product Costing

  • CVP Analysis

  • Overview of Corporate Finance Functions, Financial Markets and Indian Financial System

  • Making Capital Investment Decisions

  • Net Present Value and Other Investment Rules

  • Introduction to Risk and Return

- Cost of Capital: Theoretical Background

  • Optimal Capital Structure

  • Working Capital Management

  • Dividend Policy

  • Valuation of Shares

  • Analyzing Risk in Valuation, Methods of calculating Country Risk premium

  • Forecasting Cash Flows Structure of Discounted cash flow valuation, Detailed cash flow forecasts

- Firm valuation models: Cost of Capital and Adjusted Present Value (APV) approach

  • Relative valuation Equity multiples: P/E, PEG, P/BV, P/Sales, P/FCFE etc

  • Advantage of Value Multiples over Equity multiples

  • Valuation using Real Options

  • Valuation: Venture Capital

  • Fixed income products and their valuation

  • Risk Associated with fixed income markets

  • Term structure of interest rate

  • Spot rates, forward rates

- Managing interest rate risk: Duration and Convexity

  • Trading Strategies in fixed income markets

  • Benchmark rates and indices

  • Introduction to Derivatives

  • Mechanics of Futures Markets

  • Hedging Strategies using Future Tutorial

  • Determination of Forward and Futures prices

  • Mechanics of Option Markets

  • Trading Strategies involving Options

  • Binomial Tree and Black-Scholes Model

  • Portfolio formation

  • Portfolio rotation strategies

  • Mutual Funds

  • Exchange Traded Funds

  • Performance evaluation of a portfolio

  • What is an alternative investment?

- Real Assets: Nature, valuation and risk

  • Real estate equity investments; Real estate investment trusts (REITs)

  • Infrastructure investments; Infrastructure investment trusts (InvITs)

  • Private equity and Venture Capital

  • Entrepreneurial Finance and Structured Products

  • AI in Finance and Fintech

  • Future of Finance

Learning format and experience

Format, class schedules, campus immersion details, and evaluation criteria.

Study format

Mode and time commitment

Mode
Live Online & Campus Immersion
Duration
9 Months
Live learning

Class schedule

Sunday · 10:00-13:00 · Weekly · IST - Sunday: 10 AM to 1 PM (IST)

In-person experience

Campus component

On-campus immersion includes intensive workshops to enhance your practical finance learning experience.

During the program, you will attend a three-day intensive workshop in the first quarter and another four-day workshop later. These campus sessions are essential to deepen your understanding of financial concepts through real-world applications and peer interactions.

The campus immersion is mandatory for completing the program successfully. However, if any sessions cannot be conducted due to unforeseen circumstances, they will be replaced with additional online sessions so that the overall learning objectives are met and your learning continues smoothly without interruption.

Learning approach

How you will learn

  • LIVE online lectures with IIM Calcutta faculty

  • Carefully selected case studies based on class strength and experiences

  • LIVE corporate examples

  • Industry insights from business leaders

  • General discussions

  • Programme delivery via Interactive Learning (Direct-to-Device) with reading materials and faculty interaction (email/chat)

  • Face-to-face campus workshops (mandatory) with two intensive workshops of three and four days respectively

Assessment

How learning is evaluated

  • Online exams

  • Written tests

  • Assignments

  • Individual / Group assignments / projects

Completion & grading rules:

  • Modules that are evaluated receive grades: Excellent, Good, Fair and Poor.

  • Successful completion requires meeting attendance requirements and having "Poor" grade in not more than two modules.

  • Successful candidates receive a Certificate of Successful Completion; those with requisite attendance but incomplete evaluation receive a Certificate of Participation.

Eligibility and admissions

Eligibility criteria, work experience requirements, and admission steps.

Who this program is for

  • Corporate Finance Professionals: enhance decision-making skills in corporate valuation, capital structure and financial decision-making.

  • Banking Executives: manage financial risks, optimise investment strategies and understand regulatory changes.

  • Consultants: deepen expertise in financial management and investment strategies to advise clients on complex financial decisions.

  • Security Analysts: advanced skills in risk assessment, portfolio management and financial valuation for market analysis.

  • Chartered Accountants: broaden understanding of financial markets, risk management and corporate finance for advisory roles.

  • Business Heads: build deep financial expertise to connect finance with other business functions and lead cross-functional initiatives.

Eligibility criteria

  • You must have a Bachelor's Degree (10+2+3) or equivalent, a Diploma (10+2+3), or a Master's Degree in any discipline with at least 50% marks.

  • You should be currently working with a minimum of two years of relevant full-time work experience after completing your qualifying education.

  • Internships and trainee experiences are not considered as full-time work experience, so only professional, full-time roles are eligible for consideration.

Minimum qualification
Graduate
Experience
2-5yrs

Admission and selection process

Admission criteria

  • Eligible candidates will be selected based on assessment of educational qualifications, professional background and motivation as evaluated from the application form.

  • Senior applicants with more experience will be given preference. Final selection will be made by IIM Calcutta after reviewing all aspects of the application to ensure fit for the programme's rigour and objectives.

Selection process

  1. Application submission and initial registration.

  2. Profile evaluation and shortlisting (institutional review of qualification, experience and motivation).

  3. Offer issuance and confirmation of participation (on receipt of required payment/registration).

Alumni connection

Graduates gain official alumni recognition and lifetime networking privileges.

  • Be part of a community of high achievers with over 30,000 members.

  • Get an e-mail ID with IIM Calcutta’s domain.

  • Stay connected via a specially designed alumni portal and newsletters.

  • Share jobs or live project opportunities with the alumni community.

  • Get 5% discount on the fee for another LDP programme offered by IIM Calcutta.

Important Dates

Key application deadlines, batch commencement dates, and intake schedules.

Application Deadline 18 October 2026
Program Start Date 25 October 2026

Date notes

Campus immersions (two intensive workshops of three and four days) are mandatory and will be scheduled during the programme; if campus sessions cannot be conducted due to unforeseen circumstances (e.g., pandemic or government advisories), they will be replaced with additional online sessions.

Fees and Financing

Tuition fees, flexible installment schedules, and available financing options.

Total Programme Fee₹4,02,500
Fee or instalmentAmountDue date / termsNotes
Processing / Application Fee₹15,000—Processing fee / Application fee as listed (Processing Fee mentioned in payment tables).
Total Fees (Excluding Application Fee and Including Campus Stay)₹4,02,500—Total programme fee; GST additional as applicable.
Instalment I₹1,47,500Within one week of offer roll-out*GST will be additional as applicable. Instalments are inclusive of the convenience fee.
Instalment II₹1,20,0006th December, 2026*GST will be additional as applicable. Instalments are inclusive of the convenience fee.
Instalment III₹1,20,0006th February, 2027*GST will be additional as applicable. Instalments are inclusive of the convenience fee.

Fee notes

  • GST will be additional as applicable.

  • Processing/Application fee: ₹15,000 (listed as Processing/Application fee). The Processing Fee shall not be refunded in the following circumstances: (a) if the candidate rejects the offer issued by the Institute; (b) if the application is rejected due to submission of incomplete documents and/or providing incomplete information and/or eligibility criteria not fulfilled.

  • Instalments are inclusive of the convenience fee.

Frequently Asked Questions

Common queries about the program, admissions, curriculum, and policies.

The IIM Calcutta Executive Programme in Applied Finance spans 9 months. The course combines online learning and campus immersion, offering a comprehensive understanding of finance. The executive program in applied finance ensures flexible learning for working professionals.

The total fee for the IIM Calcutta Executive Programme in Applied Finance is ₹4,02,500 + GST. The fee includes access to the applied finance course from IIM Calcutta, online classes, and mandatory campus immersion sessions for a holistic learning experience.

In the executive program in applied finance, you will learn corporate finance, risk management, investment strategies, business valuation, and financial decision-making. The IIM Calcutta applied finance program focuses on practical applications and real-world case studies, enhancing your decision-making skills.

Yes, the IIM Calcutta executive program in applied finance is designed for working professionals. The IIM Calcutta EPAF integrates flexible learning with live online sessions, allowing you to apply financial concepts directly to your workplace.

The IIM Calcutta executive programme in applied finance provides advanced financial knowledge, real-world case studies, and hands-on experience. Gain valuable IIM finance courses for working professionals that empower you to make effective financial decisions in complex business scenarios.

Yes, the IIM Calcutta executive programme in applied finance includes two mandatory campus immersion sessions. The first is a three-day workshop, followed by a four-day workshop, providing hands-on learning and networking opportunities with peers and industry leaders.

To join the executive program in finance, you must have a Bachelor’s degree or equivalent, along with a minimum of two years of relevant work experience. This ensures that you can leverage the course material effectively in real-world applications.

The IIM Calcutta Executive MBA in Applied Finance is a longer, more comprehensive program, while the IIM Calcutta executive program in applied finance focuses on specialised finance skills. Both offer an advanced understanding of finance, but the executive program in applied finance is more focused.

Yes, after completing the IIM Calcutta EPAF, you will receive a Certificate of Completion from IIM Calcutta. This certificate validates your expertise in applied finance and strengthens your credentials in the financial industry.

Yes, the executive program applied finance IIM Calcutta is globally recognised. IIM Calcutta’s strong reputation ensures that the skills and knowledge you gain from this applied finance course are respected by organisations worldwide, enhancing your career prospects in finance.

Certificate Details

Successful candidates who meet attendance and evaluation requirements will receive a 'Certificate of Successful Completion' from IIM Calcutta. Participants who meet attendance but do not meet evaluation criteria will receive a 'Certificate of Participation'. Grading for evaluated modules is: Excellent, Good, Fair and Poor; participants may have a 'Poor' grade in not more than two modules to be considered successful.

Sample Certificate

IIM Calcutta Executive Programme In Applied Finance sample certificate
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About the institute

Indian Institute of Management Calcutta (IIMC)

The Indian Institute of Management Calcutta (IIMC) is a public business school located in Kolkata, West Bengal, India. It was the first IIM to be established in India and is consistently ranked as one of the top management institutes in the country and Asia. IIMC offers various postgraduate, doctoral, and executive education programs in management. The institute is known for its rigorous academic curriculum, case-based learning approach, and strong industry connections. It has a diverse student body and faculty, and a strong alumni network consisting of successful business leaders and entrepreneurs.

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