Executive-Friendly Program | High Impact Format

Key Highlights of IIT Kanpur
e-Masters in Business Finance

  • SelectionBased on academic and professional background and test, interview where necessary. No GATE required.
  • High Impact Format Weekend-only Live interactive sessions coupled with self-paced learning.
  • Executive Friendly Schedule Learn while you earn, with the flexibility to complete the program between 1 - 3 years.
  • Career Advancement and Networking Support for placement and facilitation of incubation at IIT Kanpur's Incubation Centre.
  • IIT Kanpur Alumni Status Become an IIT Kanpur alumni with access to all the alumni privileges.
  • Credits Transfer Waiver of upto 60 credits for higher education (MTech/PhD) at IIT Kanpur.

Admission Process

  • Application
    Register with Mobile Number
    Submit Details
    Remit Application Fee
    Upload Documents
  • Selection
    Selection Test Starts March 30th
    Application Review
    Selection Test *
  • Admission

Class Start - July 2024

* Selection test differs for every programme


Previously named as Business, Finance, and Public Policy, The e-Masters in Business Finance program is designed to cater to the needs of professionals who are seeking to advance their careers in the field of finance and economics. This program offers an in-depth and comprehensive curriculum that covers the core principles of economics and finance and their applications in the business world. The coursework is aimed at providing students with the necessary tools and techniques to make informed decisions and develop strategies for their organizations.

One of the key benefits of this program is that it is taught by experts from the Indian Institute of Technology, Kanpur. These faculty members have a wealth of experience and knowledge in the fields of economics and finance, and they are dedicated to sharing their expertise with their students. The program is also designed to be flexible and cater to the needs of busy professionals, allowing students to balance their studies with their work and personal lives.

The curriculum for the Masters in Business Finance includes modules such as Corporate Finance, Financial Markets and Institutions, Econometrics, and Game Theory. These modules provide students with a solid foundation in economics and finance, as well as practical skills that they can apply in their day-to-day work. The program also provides students with the opportunity to specialize in a specific area of finance or economics through elective courses, such as Investment Management, Financial Derivatives, and International Trade.

In conclusion, the e-Masters in Business Finance program is an excellent choice for professionals who are looking to deepen their knowledge and skills in the fields of finance and economics. The program provides students with a comprehensive curriculum, expert faculty, and flexible learning options, all of which are essential for success in today's fast-paced business world.

Graduation Ceremony at IIT Kanpur Campus


  • Gain an in-depth understanding of economics and finance from business intelligence and decision-making perspectives
  • Get eMasters Degree
    from IIT Kanpur
  • Become a part of IIT Kanpur's alumni network and a lifetime association with the economic sciences department in the IIT System
  • Learn from a leading research
    faculty group
  • Receive mentorship and career support from the IIT Kanpur placement cell
  • Incubation support for promising
    startup initiatives
  • Opportunity to forge a meaningful network
    with diverse professionals

Why do participants choose the eMasters degree?

  • "I find this program bridging necessary knowledge gaps that could complement my experience and knowledge of trading in the stock markets. Plus, learning from an IIT without quitting my job would be an added advantage for my career."
    Tanmay, Stock Market Trader, with 2 years of experience
  • "I am looking forward to building a better career through this eMasters Program. It will open a doorway to new opportunities in my present organization."
    Bablu, Banking Professional working with a UK-based Banking & Financial Institution with 11 years of experience


IIT Kanpur’s Master of Economics and Finance program features a team of accomplished faculty,
including academics and industry experts.

  • Vimal Kumar
    Ph.D., Economics, University of California, IrvineF
    Professor and Head, Department of Economic Sciences, IIT Kanpur.

    Political Economics, Game Theory
  • Bikramaditya Datta
    Ph.D., Economics, Columbia University, New York
    Assistant Professor, Department of Economic Sciences

    Economic Dynamics, Finance
  • Wasim Ahmad
    Ph.D., Delhi University
    Associate Professor, Department of Economic Sciences

    Macroeconomics, Financial Economics, Applied Econometrics, Emerging Market Finance, Risk Spillover Analysis, Clean Energy Finance

e-Masters in Business Finance Curriculum

Business-Focused Economics and Finance Curriculum: Driving Success in Your Career


eMasters in Business Finance consist of Core (C), Specialization (S), and Electives (E) modules and Projects (P). Participants are given flexibility in deciding on electives and projects and follow the 6C + 3S + 2E + P structure.

  • Pricing
  • Economic and Financial Data Analysis
  • Introduction to Finance and Accounting
  • Game Theory and Strategy
  • Money and Banking
  • Global Economy and International Finance

  • Applied Macroeconomics
  • Applied Corporate Finance
  • Economics of Platforms

  • Machine Learning Applications
  • Advanced Financial Econometrics
  • Probability and Stochastic Systems
  • Public Policy
  • Contemporary Issues in Indian Economy
  • Program Evaluation

Detailed Curriculum

Immersive Learning Format

  • Live Interactive Sessions
  • Projects
  • Online Examination
  • Campus Visit
  • Online LIVE and self-paced sessions are delivered
    through AI-powered iPearl.ai
  • Live interaction as per the
    faculty availability
  • Apply learnings through projects while working in teams and
    establish a peer network
  • Final module-level exams will be
    conducted online
  • Opportunity to meet experts and experience the IITK campus
    during campus visits


  • Bachelor's degree (3/4 years program) or Master’s degree in (Engineering, Science, Economics, MBA etc) with at least 55% marks or 5.5/10 CPI
  • Minimum of 2 years of work experience (You need not be currently employed to be eligible).
  • Candidates with relevant experience and calculus knowledge will be preferred.

Program Fee

Application fee ₹1500 (to be paid during application submission)

Fee structure for candidates opting to complete the program in 1 year.

Details Amount
Registration Fee
To be paid within 1 week of selection
Admission Fee
To be paid to complete enrollment
Module Fee
To be paid at the beginning of every quarter based on no. of modules selected
(Total 12 Modules)
₹45,000 per module
Quarter Fee*
To be paid at the beginning of every quarter
₹15,000 per quarter
Total Fee ₹8,00,000

*For every additional quarter, fees of Rs 15,000 will be applicable.

For Example

Candidates opting to complete the program in 5 quarters need to pay an additional fee of ₹15,000

Candidates opting to complete the program in 11 quarters need to pay an additional fee of ₹1,05,000

All other fees remain the same.

Fees paid are non-refundable (after a certain time period) and non-transferable.

About IIT Kanpur

Established in 1959 by the Government of India, Indian Institute of Technology Kanpur (IIT Kanpur) is a globally acclaimed university for world-class education and research in science, engineering, management and humanities. We aim to provide leadership in technological innovation for the growth of India.

  • Ranked 1st in Innovation, 4th in Engineering and 5th in Overall Category by NIRF 2023
  • Built on world-class academic research culture
  • Offers various undergraduate, post-graduate, integrated, and research programs in the field of engineering, science, management, and design
IIT Kanpur Online Masters Degree Courses

State-of-the-Art Digital Learning Platform

The eMasters Program by IIT Kanpur will be delivered on iPearl.ai, a State-of-the-Art digital learning platform, powered by TalentSprint. iPearl.ai, highly rated for its user experience, is a direct-to-device platform that works seamlessly on any internet-connected device and provides a single-sign on experience for all your learning needs including recorded videos, reading material, live interactive sessions, assignments, quizzes, discussion forums, virtual lounges and more.

Frequently Asked Questions

The curriculum for eMasters in Business Finance comprises Core (C), Specialization (S), and Electives (E) modules and Projects (P). Participants are given flexibility in deciding on electives and projects and follow the 6C + 3S + 2E + P structure.

The Core Modules include

  • Pricing:
    The module covers the fundamental concepts including cost, demand curves, price response estimation, monopoly and regulation, price discrimination, and strategic decision making under uncertainty. As the program introduces you to the tools to understand the basics of modern economic analysis, the initial emphasis has been placed on the pricing concept. The topics covered include
  • Economic and Financial Data Analysis:
    Through this module, participants will be introduced to various statistical tools and techniques and their applications in economics and finance. It covers concepts including descriptive statistics, correlation, covariances and population, hypothesis testing, regression, and its models, and time series analysis. As part of the module, you will also learn to use statistical software such as R to demonstrate your learnings.
  • Introduction to Finance and Accounting:
    The module provides a foundational understanding of finance and accounting. Further, it will prepare you for advanced knowledge of electives and real-life applications. You will gain an insight into concepts like time value of money, risk and return analysis (optimal portfolio analysis, capital allocation framework), fixed income securities, derivatives, financial statements, financial ratios, dividends, business risk, and credit analysis.
  • Game Theory and Strategy:
    Strategic interactions are pervasive in all walks of life. The module aims to present a systematic study of these strategic interactions, focusing on their applications in businesses and public policy. Accordingly, you will learn in-depth about game trees, simultaneous move games, extensive form games, mixed strategy Nash equilibrium and applications, and cooperative game theory and applications.
  • Money and Banking:
    The module aims to provide a broad understanding of the different instruments of money markets and banking operations. Concepts highlighted in this module include money and its forms, banking management principles, interest rate analysis, banking, and monetary policy and financial regulation.
  • Global Economy and International Finance:
    Get introduced to the economics of international markets and how international considerations affect financial and economic models. The concepts included in the study cover globalization, the foreign exchange market, currency, quotes and prices, the balance of payments, exchange rate systems, interest rate parity conditions, and exchange rate determination.

The Specialization Modules include

  • Applied Macroeconomics:
    In this module, you will have gained a firm understanding of tools to analyze economies subject to macroeconomic influences, both foreign and domestic. The topics coming under its purview include inflation, deflation, monetary policy and accounts, fiscal systems, external accounts, risk assessment, and a glimpse into current macroeconomics prevailing during and after pandemics.
  • Applied Corporate Finance:
    The module is designed to provide an applied role of corporate finance in investment decisions from investors' and firms' perspectives. The topics covered include corporate finance concepts, capital budgeting, stock valuation, capital asset pricing model, portfolio and factor models (APT, Fama, French), cost of equity estimation, and long-term financing.
  • Economics of Platforms:
    Digital platforms such as Amazon, Zomato, Uber, Netflix, and Facebook, among many others, have become an essential part of our life. In this module, you will systematically study the economics of these platforms, emphasizing their applications in public policy and businesses.

The Elective Modules include

  • Machine Learning Applications:
    In this module, you will be introduced to machine learning (ML) and computational tools to implement ML schemes on economic data sets.
  • Advanced Financial Econometrics:
    The primary aim of this module is to provide you, an insight into various tools and techniques along with their applications used for better understanding and investment decisions. The topics covered include autoregressive conditional heteroscedasticity models, panel data modeling, limited dependent variable model and their applications in policy design and implementation, simulation methods and event-study analysis.
  • Probability and Stochastic Systems:
    An understanding of probability is critical to study a world replete with randomness and uncertainty. Through this module, you will learn not only how to solve challenging technical problems but also be exposed to various ways in which probability is applied in the real world.
  • Public Policy:
    In this module, you will get a glimpse into the role and processes of government in the economy. It also reviews the empirical tools, including the role of data and statistical tools required to study the efficacy of government policies.
  • Contemporary Issues in the Indian Economy:
    The primary aim of this module is to introduce you to the basic macroeconomic indicators of the Indian economy. Gain an insight into the analysis of the income sources and various fiscal indicators, tax devolution, cooperative federalism, finance commission, sectoral understanding and its contribution to the economy. Further, learn about the monetary and financial developments of the country and indicators covering socio-economic aspects of India's economy.
  • Program Evaluation:
    This module aims to equip you with tools and techniques for policy evaluation. The module is particularly useful to the bureaucrats and industry experts involved in the grassroots-level monitoring and implementation of public policies.