Improving MBA(Finance) Education at Colleges

Some observations of my experience of teaching and interacting with MBA( Finance) students at Colleges on how to improve the quality.

1. Usage of NCFM Materials : These materials will be useful for correct and latest understanding of  market structure and deign. Some of the textbooks are at least 5 years out of touch with market realities.
2. Market Simulator                 : Finance students can get real feel of the market by using tools like NSE pathasala.
3. Market Based Approach         : Understanding finance from the prism of financial markets will help sharpen the understanding. Corporate finance also should be linked with market based approach.
4. Financial Newspapers              : Students should be encouraged to utilize ET, BS to understand real-time market happenings
5. Market Experts                        :  Colleges can invite market experts and experienced professionals from brokerages, regulators and other market infrastructure institutions to share their experiences.
6. Standard Text Books                : Text book selection is also important from my experience. For ex INVESTMENTS by Bodie, Kane, Marcus, Mohanty suits very well to  Indian examples against say, Fischer and Jordan. Same is the case with   Options by HULL & BASU. ( By the way I am looking forward to interacting with Mr . Basu at IFC 2011 at Bangalore IIM)
7. Empirical approach                     :  Finance concepts can be operationalized using data from NSE, BSE websites . Use data to illustrate which will enhance the experience of students.
8. Charting Tools                             : There are free Technical analysis tools offered by NSE like TAME .These can be utilized to demonstrate Technical analysis real time.
9. Business Channels                         :  Students should practice listening to  Channels like CNBC, ET NOW, BLLOMBERG, NDTV PROFIT at least one hour daily. Well give known anlysts like Udayan Mukherjee, Lata Venkatesh  give good insight into latest happenings.
10. Statistical orientation                   :  lectures should  preferably be less of personal opinion and more of statistics based approach.
11. NCMP                                           : It is advisable for MBA( Finance) students should at least get a NCMP Level 1 certification before they finish their degree which willl differentiate them from others in the job market.