Professional Documents
Culture Documents
PGPSM is a 1-year
Post Graduate Programme with
specialization in securities markets
NATIONAL INSTITUTE OF
SECURITIES MARKETS
NISM is a public trust established by the Securities and
Exchange Board of India (SEBI), the regulator of
securities markets in India. It is an autonomous body
governed by a Board of Governors.
NISM envisions a catalytic role in promoting securities
markets research and education, through:
Close interface with policy makers, regulators and
industry participants
Continuous knowledge creation, acquisition and
dissemination
Collaboration with the larger educational and market
infrastructure to reach constitu-encies relevant to the
securities markets
Mission
To engage in capacity building among stakeholders in the
securities markets through financial literacy, professional
education, certification, enhancing governance standards
and fostering policy research.
Institutes Philosophy
To engage in capacity building among stakeholders in the
securities markets through financial literacy, professional
education, certification, enhancing governance standards
and fostering policy research.
The activities at NISM are carried out through its Six
Schools,
These include:
School for Investor Education and Financial Literacy
(SIEFL)
School for Certification of Intermediaries (SCI)
School for Securities Information and Research (SSIR)
School for Regulatory Studies and Supervision (SRSS)
School for Corporate Governance (SCG)
School for Securities Education (SSE)
BACKGROUND OF NISM
In his budget speech of February 2005, the Honourable Union Finance Minister announced that the Securities and
Exchange Board of India (SEBI) would establish an institute to undertake securities markets education and research.
In pursuance of this mandate, SEBI established the National Institute of Securities Markets (NISM) in Mumbai as a
public trust under the Bombay Public Trusts Act, 1950. The mission for NISM is to add to market quality through
educational and research initiatives that would support, enable and expedite an entire gamut of high quality
knowledge services in the securities industry. A market for securities education and research is gradually emerging in
India and abroad - partly due to the buoyancy in the securities industry and partly because of the regulatory efforts to
create minimum competency levels for securities industry professionals. NISM intends to play a catalytic role in
addressing these needs. Given the uniqueness of India and other developing markets, such intervention would follow
the twin approaches of accessing and disseminating the relevant existing knowledge and creating new knowledge
that is more specific and appropriate for developing markets. With no other institute in the Asian region that seeks to
address as wide a canvas, NISM stands uniquely poised to become an institution that would not only serve the
securities markets in India but could also assume a pan Afro-Asian purpose.
Board of Governors
As on January 01, 2016
Mr. U. K. Sinha
Chairman, Securities and Exchange Board of India
(Chairman, Board of Governors)
CONTENTS
Post Graduate Programme in Securities Markets (PGPSM)
About PGPSM
Value Addition from PGPSM
Suitable Candidates
Programme Architecture
01
01
01
01
01
02
Learning Environment
Student Performance and Evaluation Criteria
Infrastructure
Accommodation and Residential Facilities
Systems Support
Library
Notebook Computer
Awards
Industry Interaction
03
03
03
04
04
04
05
05
05
Placement Facilitation
06
Academic Team
Full-time
Visiting Faculty
Support Team
07
07
10
11
Testimonials
Alumni
12
12
Admission Procedure
Eligibility Criteria
NISM Online Test
Cities and Towns where the test is likely to be conducted
Personal Interview
Selection Procedure
Announcement of Selected Candidates
Sponsored Candidates
Documentation
Fees and Deposits
Educational Loan
Online Registration-Prospectus and Online Application
Last date for Online Registration
Hall Ticket for NISM Online Test
13
13
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13
14
14
14
15
15
17
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17
17
Important Dates
18
01
Suitable Candidates
Suitable Candidates are:
Graduates and post-graduates aspiring for careers in
securities markets
Executives seeking careers or career switches related to
securities markets
Programme Architecture
Divided into four terms, the programme is a balanced blend
of theory and practice. These four terms lay emphasis on
the following:
Conceptual Phase
Application Phase
Advanced Application Phase
Industry Interaction Phase
Term II
Application Phase
Term III
Advanced Application Phase
Term IV
Industry Interaction Phase
Economics
Internship
Mathematics for
Securities Markets
Project Dissertation
Statistics for
Securities Markets
Seminars
Portfolio Management
Corporate Governance
Corporate Laws
Mutual Funds
Behavioural Finance
Organization &
Management
Taxation in Securities
Markets
02
LEARNING ENVIRONMENT
NISM draws upon the cream of academia and industry for
providing cutting-edge inputs in the Securities markets
domain.
Infrastructure
NISM Bhavan is an imposing structure, consisting of six
floors. The Institute has high quality infrastructure
consisting of classrooms, library, canteen and lounges
located on various floors of the building.
The hostel, NISM Niwas, also a 6-storey building, is
located about 2 Km from the Institute.
03
NISM Campus
Our new state-of-the-art infrastructure is coming up at our Patalganga Campus,
45 KM from the existing campus of Vashi, Navi Mumbai. The Patalganga Campus
is fully residential with all modern educational amenities.
Systems Support
The Institute has access to a well-equipped LAN & WiFi based network system.
Classrooms, Auditorium and Conference Room are adequately networked and
have access to server-based packages. Students will have access to advanced
as well as regular applications, software packages on mathematical, technical
and capital markets, and industry and company databases. These include
Bloomberg, Prowess, Alpha, and numerical technical packages such as
SAS, SPSS, Matlab, WinRATS, E-Views, etc.
Library
Students of PGPSM will have access to a library which holds a
collection that is highly specialized in the area of securities markets.
Thus library is unique owing to the fact that each book is handpicked by faculty members and experts. The library presently holds
more than 7,600 books and researchers all over the country have
benefited from it. NISM constantly endeavours to enhance its
collection of books, journals and even films pertaining to the
security markets. Through Science-Direct, the library
provides access to all the leading academic journals in
Finance, Economics, Business and Management. In
addition to the above, the library subscribes to
periodicals relevant to the securities markets.
PGPSM students would be provided library
cards, enabling them to take 2 books at a
time, for a duration of one week. As
regards prescribed text books, each
student would be provided a personal
copy as part of the study kit.
04
Notebook Computer
Students are expected to purchase their own Notebook/
Laptop and carry it while attending classes.
Awards
Best performing student in PGPSM will be awarded a Gold
Medal sponsored by
State Bank of India and a cash
award of ` 1 lakh.
Industry Interaction
NISM invites number of practitioners from industry for
interaction with the students of PGPSM to provide their
insights and share their experiences. This platform
provides an opportunity for students to have a practical
exposure for securities industry operations and nuances.
Under the Leadership Series, senior executives from top
organizations and SEBI share their experiences.
05
PLACEMENT FACILITATION
NISM provides assistance for placement by inviting prospective recruiters for careers in Finance and Securities Markets.
NISM received good support and encouragement from industry.
Our alumni have given a sterling performance in the following organizations:
06
ACADEMIC TEAM
07
08
09
Framing of Policy and Supervision of all Market Intermediaries, Stock Exchanges and Depositories
Policy, Supervision and market development of Mutual
Funds.
Investigations and Enforcement related to Securities
market manipulations.
He has attended several national and international
workshops, trainings and seminars on varied topics. He is
a regular speaker of various professional bodies like ICSI,
ICAI, Management Colleges and Investors Associations.
He was also involved in providing consultation to certain
Asian Regulators on behalf of SEBI.
Ms. Rajani Agadi
Faculty Member
Ms. Rajani Agadi has completed her B.Com from
Karnataka University, Dharwad and has done her Masters
in Business Administration with finance specialization
from Kousali Institute of Management Studies, Karnataka
University, Dharwad. She has worked for brief stint as
officer in CanBank Factors Ltd, Bangalore. She joined SEBI
in 2004 as trainee and is currently Asst General Manager
with SEBI.
She has worked in Investigation department of SEBI for 6
years and in the Office of Investor Assistance and
Education of SEBI for 4 years. She worked on two major
investor friendly initiatives of SEBI viz, SCORES ( SEBI
Complaints Redress System) and SEBI Toll free Helpline.
She was part of the team which initiated the above two
projects right from the takeoff stage till its final
implementation.
She has also worked on several other policy initiatives by
SEBI for benefit of investors like simplification of norms for
transmission of shares, simplification of arbitration
mechanism, uniform SOP for suspension and revocation of
trading of shares, simplification of investor grievance
redress means at Stock Exchanges, initiatives for reducing
unauthorized trades, No frills demat account, preparation
of investor education material and brochures, etc. She has
also represented SEBI in various investor awareness
conferences and workshops.
Visiting Faculty
Dr. Surendra Sundararajan
Dr. Surendra Sundararajan, a Professor at M. S. University
of Baroda, is an MA (Economics), LLB, MBA (Wisconsin),
and a PhD. He is an expert in Securities Markets and Risk
Management & Derivatives. He is also a visiting faculty at
SP Jain Institute of Management and Great Lakes Institute
of Management.
Mr. B. Venkatesh
Mr. Venkatesh is a CFA (USA) and FRM (GARP), in addition
to being a Chartered Accountant and a Cost &
Management Accountant. He is an expert in Securities
Analysis, Portfolio Management and Behavioural Finance.
A former Editor (Financial Markets) at Business Line (a
Hindu Group) publication, he is the Founder Director of
10
Support Team
Rajshekhar Torgal
Deputy Manager , Programme Office
Mr. Torgal is a BBA from Karnataka University with a First
class. He is a Post-Graduate in Industrial Relations and
Personnel Management. He has a total of 13 years of
experience, of which 3 years were in Industry (Sugar
Industry) and 3 years as a District Manager in the egovernance project of Government of Karnataka. Prior to
joining NISM, he worked with ICFAI University and
Pearson education. His experience in the education sector
totals 7 years.
Sachin Dhuri
Programme Assistant
Mr. Dhuri is a B.A. from the University of Mumbai. Prior to
NISM, he has worked in a telecommunication company.
He looks after the day-to-day running of academic calendar
for PGPSM.
Ms. Evita Pais
Secretary to Dean
Ms. Evita Pais is a M.Com with a specialization in
Accounting and Finance. She has worked in a Japaneas
company. She assist the Dean-SSE in planning the
academic and co-ordination with the faculty.
09
11
TESTIMONIALS
Alumni
Within a short span of time, NISM has a list of illustrious
Alumni from its very first batch (20010-11). Their
experience at NISM is briefly reproduced in the following
paragraphs.
Abhishek Priyadarshi, JMN Investment Research
This is to inform you all that I passed my CFA level-1 exam,
June 2011. Other big news is Pitch Book (It's a 515 pages
financial database for 47 US listed restaurant companies
having market capitalisation more than $50 million) which
I prepared for one of my client US investment bank (Piper
Jaffery), got published in US last month. Currently, I am
working on Spin off valuation of US companies across all
sectors and also prepare reports on them. So far
everything is fine and challenging.
Balasubramanian Srinivasan, TAMP
I am glad to inform you sir, that I have been selected as
Member (Finance) in Tariff Authority for Major Ports,
Mumbai, a Port Regulatory Authority under Ministry of
Shipping in the Rank and Pay of Additional Secretary to
Govt of India. The PGPSM course subjects were very
helpful to me while attending the interview. I wish to
convey my heartiest thanks to all the Faculty members and
management of NISM.
Bipul Sinha, JMN Investment Research
I am very pleased to inform you that I have passed level 2 of
CFA exam. Its been a very fruitful and an exciting year (i.e.
10 months to be exact) for me at NISM. I really enjoyed the
experience and had a great time. I joined NISM with an
intention to make a lateral shift from IT to finance. I got
introduced to the concepts of finance in the classroom and
had enough time in the hostel to study for CFA which
helped me clearing level 1 in December and level 2 in June.
Here, at JMN Investments, I am working on Aircraft ABS
models. The work is good and challenging. I am travelling
to US next weekend related to my work. It would be a good
learning experience to work in a US investment bank. I am
thankful to all in realizing my goals.
12
ADMISSION PROCEDURE
Eligibility Criteria
Minimum qualification
A bachelor's degree or equivalent from a recognized
university in Indian with a
minimum of 50% marks in
aggregate.
Age
There is no age limit for the programme, but it is desirable
that the candidate is below 30 years of age as on the date
of online registration.
Entrance Test
Candidates have a choice of using the NISM Online
Entrance Test or other Test scores specified in the
paragraph below.
Candidates having valid Test scores in the top 30 percentile
of GMAT/XAT /any other equivalent international/ national
or state level test - NISM test are eligible to apply. Other
candidates may appear in the NISM Online Entrance Test.
13
Personal Interview
Candidates will be shortlisted on the basis of marks
obtained in (1) Profile and (2) Performance in the Online
Test for a personal interview. The shortlisted candidates
will be intimated through email and/or letters. Personal
interviews are likely to be held at Bengaluru, Chennai,
Hyderabad, Kolkata, Mumbai and New Delhi during May
2016. NISM will intimate the exact date, time and venue of
the personal interview to the shortlisted candidates.
Selection Procedure
The final selection of the candidate will be based on thefollowing criteria
and weights, totalling to 100 points:
NO.
CRITERIA
WEIGHT
40%
02
Essay
20%
03
Personal Interview
40%
01
Profile
Sponsored Candidates
Sponsored candidates are those whose application forms
are forwarded to NISM through their respective
employers, being eligible organizations, as described in the
next paragraph. The employer should furnish an
undertaking to grant study leave to the said candidates and
also undertake to bear all the fees. Eligible organizations
would include
1.Government Departments/ Public Sector Undertakings
2.Public companies or Trusts registered with SEBI
3.Banks/NBFCs recognized by RBI
4.Insurance Companies/Intermediaries recognized by
IRDA.
A maximum of five seats are reserved for sponsored
candidates. However, the sponsored candidates have to
participate in the admission processes as applicable to
other candidates. If the number of sponsored candidates is
inadequate then the seats reserved for the sponsored
candidates may be offered to other candidates. Sponsored
candidates are not allowed to participate in campus
placement process.
14
Documentation
15
PARTICULARS
FEE AMOUNT `
3,30,000
01
Tuition Fee
02
Examination Fee
10,000
03
Library Fee
10,000
04
2,000
Refundable Deposits
In addition, the admitted students are required to pay refundable deposits,
subject to terms and conditions as detailed below:
NO.
PARTICULARS
AMOUNT `
01
Library Deposit
10,000
02
10,000
Boarding and food charges will be separately intimidate to short listed students.
Deposits are refundable subject to adjustment of any dues from the students.
*Applicable for students availing of hostel facility. These are paid separately and directly to
the care-taker in cash every month.
**Applicable to day-scholars only.
16
Educational Loan
17
Enquiries
All enquiries may be mailed to pgpsm@nism.ac.in.
It is hereby clarified that no candidate seeking admission
to PGPSM shall make any attempt to influence the
selection process. Candidates attempting to influence the
selection process would be debarred
Force Majeure
The Institute reserves the right to postpone or cancel the
dates of online test and/or personal interview. Also, the
Institute reserves the right to modify/change or cancel any
test centre and/or personal interview centre.
Candidates are also advised to visit the Institute's website
for any updates and other information regularly.
Please Remember
The last date for online registration is Wednesday, May
11, 2016.
Recent Photographs have to be uploaded for Online
Registration
Date for NISM Online Test is Sunday, May 15, 2016.
Please visit the website www.nism.ac.in for further
updates and information
Admissions 2016-17
IMPORTANT DATES
Commencement of online registration
Exam
Exam Results
Interview Results
Programme commencement
NISM Bhavan
www.nism.ac.in