S Veena Iyer

Assistant Professor, Finance
Coordinator - AACSB & AOL

Email :
Phone : +91-124-4560185


Fellowship in Finance from the Indian Institute of Management, Bangalore (2007)

• CFA charter holder - ICFAI (1997)

• Masters in Business Economics, University of Delhi (1992)

• B.Com (Hons.), Lady Shri Ram College, University of Delhi (1990)


Prof. Veena Iyer has almost 11 years of industry experience. Besides, she has also taught Finance and Economics at ITUC-Hyderabad, XIME-Bangalore and ICFAI Business School-Bangalore for close to 4 years.

Prior to joining MDI in August 2013, Prof. Iyer had been working with Infosys Ltd. for nearly 7 years. Her last position with the company was of a Senior Practice Lead in the area of Business and Strategy Research. In this role she has led teams of analysts for many research assignments for clients viz. drawing up business plans for capital raising, evaluating market strategy of a multinational in different markets, competitive analysis for strategy development, counterparty credit risk analysis for banking clients, Investment thesis for a private equity client, etc.

Administrative positions held at MDI Gurgaon

Coordinator for International Relations during February-April 2016

• Chairperson for the PGP-IM programme from July to mid-November 2014

• Coordinator for International Relations during April-June 2014

• Coordinator for Global Conference on Managing in Recovering Markets (GCMRM) held at MDI Gurgaon in March 2015

• Chairperson for International Relations and International Summer University from May 2016 to August 2017

• Currently coordinating the AACSB accreditation efforts for the institute


Prof. Veena Iyer has taught/ currently teaches the following courses at MDI Gurgaon

• Financial Accounting (Core course in Term 1 of the PGDM program) for both the two-year and executive programmes

• Management of Banks and Financial Institutions (Elective) for the two-year PGDM

• Corporate Restructuring and Business Valuation (Elective) for the Executive MBA programmes

• Financial Risk Management (Elective) for the Executive MBA programmes

Peer Reviewed Journal Articles  

• “Strategy-Performance-Return Relationship in the Indian banking industry”, IIMB Management Review, Vol. 18, No.4 (December 2006). This essay won the first prize at the IMR Essay Writing Competition, 2006.

Peer -reviewed papers presented at conferences

• “Impact of Leverage in Economic Downturns”, Verma, Akhil and Iyer, Veena S., presented at the GCMRM conference held at MDI-Gurgaon, March 2015.

• “Determinants of Risk Level and Influence of Origin on Risk-taking: Evidence from Indian Commercial Banks”, Iyer, Veena S., Bangalore Chapter of PRMIA held on 6th October 2007.

• “Mediating Effect of Risk in the Ownership-Performance relationship in Banks” , Iyer, Veena S., South and South-East Asia Econometric Society Meeting, Chennai, 2006.

• "Risk-Performance relationship in banks: A fresh perspective", Iyer, Veena S., Asia-Pacific Management Conference, Bangkok, November 2006


• "The story underlying the numbers: A simple approach to comprehensive financial statements analysis", published by Business Expert Press, USA

Teaching cases with Teaching Notes published with Ivey Publishing, indexed in Harvard Business Publishing

• ibibo: Grow Independently or Sell?, Dasgupta, Meeta and Iyer, Veena S., August 2017

• Metro do Porto: An Interest Rate Swap, Iyer, Veena S. & Jain, Anshul, May 2016

• Jaguar Land Rover Plc: Bond Valuation, Iyer, Veena S., July 2015

• Flipkart: Valuing a Venture-Capital funded Start-up, Iyer, Veena S., September 2014

Other Publications

• "Using a cannon to kill flies", Iyer, Veena S., The Pioneer, 11 January 2019

• "A capital idea for public sector banks", Iyer, Veena S., Bhusnurmath, N.S., The Financial Express, 13 January 2017

• “Connecting the Dots”, Iyer, Veena S.,  Indian Management in February 2016, 55(2)

• Book Review of “Pension Reforms in India” by H. Sadhak published in Vision-Journal of Business Perspectives, 2014, 18(2)

• "Cut the CFO some slack!", Iyer, Veena S., Infosys blogs, February 2013

• "How do you measure value delivered to clients?", Iyer, Veena S., Consulting Magazine, January 2012

• "Business of Research - Proof of the pudding is in the eating", Iyer, Veena S., Outsource (U.K.), January 2011

• "Good-bye ROI, Hello EVA", Iyer, Veena S., The Hindu Businessline, 6 June 2002

• "Enron still a Fortune 500 Company!", Iyer, Veena S., Economic Times, 11 April, 2002


Training on understanding financial statements and financial statements analysis for corporate and non-corporate audiences:

• Entry level and senior level executives at Bharat Electronics, J.K. Tyres; scientists from DRDO;

• Senior personnel from the armed forces training to take independent directorship positions in corporate

Training for bankers on understanding banking financials and strategizing for future growth, credit risk analysis, etc.:

• AGMs and DGMs at Canara Bank and Oriental Bank of Commerce

Designed and directed programmes for training of CAs and MBAs at Hindustan Coca-Cola Bottling Co.; officers from Ministry of Finance, Afghanistan; Executive MBA participants coming for India Immersion module from ESCP, Europe and OneMBA consortium of schools