The Faculty of Management Studies (FMS), Delhi University has set up a finance lab on its campus to provide students with databank, relevant software, charts, information and statistics that will help them in practicing what they learn. The lab would also be helpful to faculty involved in research work.
In the lack of a databank and the right software, FMS students were not able to work on live-models; hence to bridge the gap, this lab is created, said the dean of FMS, DU.
With the grant given by DU to FMS, twelve new Bloomberg terminals have been procured for the lab as the Bloomberg has the access to data both contemporary and which is 50 years old. Such data is not available easily and can help students and faculty to a great extent in their research work. Bloomberg will also train the FMS faculty through relevant workshops, said the dean.
The essential areas that are at the focus of the lab comprise investment decisions; pricing financial assets; forecasting the future price movement of stocks; understanding the monetary, fiscal policies of different countries; FOREX rates and movement of currencies across the world.
The knowledge of these areas would enable students to enter investment banking, and to become portfolio managers, fund managers and currency traders, asserted the FMS Dean.