NATIONAL INSTITUTE OF SECURITIES MARKETS (NISM) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28NISM is a public trust established by the Securities and Exchange Board of India Close interface with policy makers, regulators and industry participants(SEBI), the regulator of securities markets in India. It is an autonomous bodygoverned by a Board of Governors with strategic guidance from an international Continuous knowledge creation, acquisition and disseminationAdvisory Council. NISM envisions a catalytic role in promoting securities marketsresearch and education, through: Collaboration with the larger educational and market infrastructure to reach constituencies relevant to the securities markets
VISIONTo lead, catalyze and deliver educational initiatives to enhance the quality of securitiesmarkets.MISSIONTo engage in capacity building among stakeholders in the securities marketsthrough financial literacy, professional education, certification, enhancinggovernance standards and fostering policy research.INSTITUTES PHILOSOPHYNISMs activities are dedicated towards enhancing the qualityof participation in securities markets. This involvesdevelopment of knowledge and skill base of allstakeholders. The Institutes philosophy embodiesthe spirit of commitment to these objectives. 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)
ABOUT 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 Trust 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 BOARD OF GOVERNORS* assume a pan-Asian purpose. Mr. U.K.Sinha, Chairman, SEBI (Chairman, Board of Governors) Mr. Prashant Saran, Whole Time Member, SEBI Dr. K. P Krishnan, Secretary to Economic Advisory Council to the Prime Minister, Government of India . Mr. P.K.Nagpal, Executive Director, SEBI Mr. Uday Kotak, Vice Chairman & Managing Director, Kotak Mahindra Bank Ltd. Ms. Chanda Kochhar, Managing Director & Chief Executive Officer, ICICI Bank Dr. Anil Khandelwal, Former Chairman, Bank of Baroda Mr. M.S.Sahoo, Advocate *As on October 15, 2011 ACADEMIC COUNCIL* Dr. Pritam Singh, Professor of Eminence, Management Development Institute, Gurgaon Prof. R. Vaidyanathan, Professor of Finance, Indian Institute of Management, Bangalore Dr. Sanjay Kallapur, Senior - Associate Dean, Faculty and Research, Indian School of Business, Hyderabad Dr. Ajay Shah, Professor, National Institute of Public Finance and Policy, New Delhi *As on October 15, 2011
ABOUT THE SCHOOL FOR SECURITIESEDUCATION (SSE)NISM articulates and implements its mission of improving 1) POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM)market quality through its six schools, each having a specific PGPSM is a one-year full time post-graduate programme. This flagship programmedomain presence within the securities markets. The role of the was launched in 2010-11 and currently, the second batch is underway.School for Securities Education (SSE) is to provide educationfor preparing competent professionals who will serve the Students of first batch are working in the securities industry in various entitiessecurities markets. including credit rating agencies, banks, brokerages, intermediaries and analytic firms.The last few years have seen a demand for securities 2) POST GRADUATE CERTIFICATE IN SECURITIES MARKETS (PGCSM) NISM and ICICI have entered into an arrangement for offering an exclusive programmeprofessionals who are equipped with a wider repertoire of titled “Post Graduate Certificate in Securities Markets”, at NISM, as a joint initiativeknowledge and skills. This demand has been spurred by the to attract bright and experienced talent for taking up a career in banking and financialchallenges posed by the growing Indian economy and the services with ICICI Bank and its associate companies and to transform them intoexpanding securities market. With the Indian economy growing skilled professionals in these fields.consistently at over 6%, many Indian companies are scaling uptheir activities in India and abroad. This has necessitated a It is a pre-placed batch and students, after successfully completing the programme,greater need for corporations to access the securities markets. will be joining ICICI Group at a compensation level of ` 12.50 lacs.The overall economic growth has also witnessed many Indiancorporations attracting domestic and foreign investments The first batch commenced in July 2011 and students are expected to join ICICI Groupthrough listings in India and overseas. in July 2012.As the Indian economy grows and as Indian investors seek to 3) CERTIFICATE IN FINANCIAL ENGINEERING AND RISK MANAGEMENT (CFERM)participate more in the capital markets, the Indian stock CFERM is a nine-month week end programme for working executives for equippingexchanges, mutual funds, merchant bankers, analysts and skills and nuances of advanced financial engineering aspects. It is a highlystock brokers would play an even more vital role in meeting the quantitative-oriented programme aimed at grooming risk management professionals.enhanced expectations of various stakeholders. NISM launched this programme in 2009-10, and the third batch of CFERM is currently underway.With its proximity to policy makers and professionals in thesecurities markets community, SSE is uniquely positioned to CFERM is offered in two formats – weekend as well as on a residential, modular basis.provide educational programmes that will create new agesecurities markets professionals.Considering the capacity building needs of securities industry,NISM, under its School for Securities Education (SSE) offersthree long-duration programmes as under:
POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM) PROGRAMME ARCHITECTUREFor students interested in pursuing a career in securities markets, the PGPSM is an extremely unique Divided into four terms, the programme is a balanced blend of theory and practice. These four terms layopportunity to obtain first-hand knowledge, both theoretical and practical, from an institute established emphasis on the following:by SEBI, the market regulator. The faculty, consisting of academicians and practitioners, has the • Conceptual Phasecapability to deliver a high-quality programme to the students looking for knowledge and skill-sets as a • Application Phasesolid foundation. • Advanced Application Phase • Industry Interaction PhaseInformal estimates indicate that the securities markets would require about 32,000 professionals everyyear. The required skill-sets could be grouped as follows: (1) Fund Management, Analysis and Dealings(2) Sales, Product Management and Brand Management (3) Operations and Services (4) Information Term I Term II Term III Term IVTechnology (5) Compliance and (6) Financial Advice and Planning. Conceptual Phase Application Phase Advanced Application Phase Industry Interaction Phase Economics Fixed Income Securities Global Financial Markets InternshipPGPSM thus seeks to prepare students to become Fund Managers, Analysts, Dealers, Institutional SalesPersons, Product Designers, Operations Managers, Compliance Officers, Risk Management Officers, Securities Analysis & Regulation - Theory & Mathematics for Finance Project DissertationInvestment Bankers, and Investment Advisors in the securities markets. Valuation Practice Econometrics & Time Mergers, Acquisitions & Statistics for Finance SeminarsABOUT POST GRADUATE PROGRAMME IN SECURITIES MARKETS (PGPSM) Series Analysis Corporate Restructuring Financial Accounting &PGPSM is a one-year full time Post-Graduate Programme aimed at creating next generation securities Portfolio Management Financial Modelling Reportingmarkets professionals. Financial Institutions & Derivatives & Risk Corporate GovernanceVALUE ADDITION FROM PGPSM Markets Management Mutual Fund Corporate Finance Special TopicsBy completing the PGPSM, students would be able to: Operations• Abstract the building blocks of the securities markets, understand them conceptually, and develop the capability to design solutions that meet specific requirements In addition to the above, students gain exposure through several workshops on contemporary topics• Upgrade knowledge and skill sets necessary to perform the key technical activities in the such as IFRS, XBRL, Simulated Trading, Market Microstructure, Behavioural Finance etc. securities markets• Develop a well-rounded, complete understanding of securities markets During Terms I to III, students are expected to study a total of 18 courses of 1 full credit each. Each credit would mean approximately 30 hours of classroom inputs.TARGET AUDIENCE In Term IV, commencing from April 16, students are required to undertake an internship project with anThe target audience includes: organization where they are placed as executives/interns in the securities industry. The Project• Graduates and post-graduates aspiring for careers in securities markets Dissertation which carries 2 credits, it is to be submitted before May 31, the concluding day of Term IV.• Executives seeking careers or career switches related to securities markets Students are free to join their respective organizations on or after April 16 each year.
LEARNING ENVIRONMENT STUDENT PERFORMANCE AND EVALUATION CRITERIA The PGPSM programme is strengthened by sound delivery by expert faculty, together with multiple PGPSM is a rigorous programme pegged at the level of post graduation, leading to the award of pedagogy. The faculty-team is comprised of the following: PGPSM. The programme is specially designed to raise the professional standards of students. The PGPSM will be awarded on the basis of the students performance in the following components: • Pre-class reading and preparation • Class participation Fixed Income Securities, Financial • QuizzesSunder Ram Korivi MA, PhD (Mumbai), FCA, AICWA Markets, Financial Reporting • Term papers/projects/assignments Statistics, Econometrics & Time Series, • Mid-term and end-term examinationsKiran Kumar MA. PhD (IISc) • Any other component of evaluation that the Institute may Financial Engineering prescribe from time to timePoonam Mehra Msc (Econ), PhD (IGIDR) Economics, Regulation, Corporate Finance • A student is expected to obtain the minimum passing grade of 50% in each of the courses listed above. M.Com (Rank Holder), Financial Reporting, Financial Analysis,S Rachappa PhD (Osmania) Forensic Finance, Insurance Msc (IIT Bombay)Suneel Sarswat Mathematics, Computational Finance (Statistics & Informatics) M.Sc (Math), M.Phil (Econ), Quantitative Finance, Financial Engineering,Akhlaque Ahmad Pursuing PhD Mumbai Financial Modelling M.Com (Gold Medallist),Rachana Baid Financial Markets, Portfolio Theory PhD (Osmania) NISM also draws upon the cream of academia and industry for providing cutting-edge inputs in the Securities markets domain. The learning environment is further stimulated by use of technology such as Databases (Bloomberg, Capitaline, Prowess), Application Software (Matlab, SAS, R) and Simulated Trading with streaming data. Students are provided with internationally benchmarked textbooks. Additionally, the library is exclusively dedicated towards finance, securities markets and related areas with an up-to-date collection of books and scientific journals.
Class Profile 2011-2012BATCH AT A GLANCE WORK EXPERIENCE Freshers Experienced (0-12 Months) Experienced (13-24 Months) EDUCATION BACK GROUND Experienced (25-36 Months) Engineers Experienced (More than 36 Months) Post Graduate (Business) Post Graduate (Statistics, Finance & Economics) Graduates (Commerce & Geography) SECTOR WISE COMPOSITION IT Manufacturing Sector Finance Market Research & Analysis Telecommication
PGSPM: 2011-12 – BATCH PROFILE Ajith BP Ashish Baghel B.E. (Electrical & Electronics) B.E. (Mechanical) Infosys Technologies (32 months) Tata Consultancy Services (30 Months) Alok Rustagi B.E. (Computer) Ayushi Gupta Reliance Communications (12 Months) M.A. Economics Amit Agrawal B.Tech (Chemical) Bhanupriya Gupta Schenectady International Group India Ltd. (36 Months) B.Tech (Electronics & Communication) Ganapathy Premkumar Anand R.A M.Sc Finance B.E (Electronics & Communication) JP Morgan India Services (10 Months) Capgemini Consulting (32 Months) GlobeOp Financial Services (32 Months)
PGSPM: 2011-12 – BATCH PROFILE Mithun Kumar Roy Saikiran Kopparthi BCA, PGDM and Licentiate (Insurance Institute of India) B.Tech (Electronics and Communications) SBI Life Insurance (24 Months) Tata Consultancy Services (35 Months) Neeraj Mishra Sameer Khandelwal B.Com BBA(CAM), MBA(Finance and Marketing) NSE India Ltd (31 Months) Yes Bank Ltd. (14 Months) Reliance Securities (12 Months) Religare Finvest Ltd. (4 Months) Standard Chartered Bank (10 Months) ICICI Bank Ltd. (12 Months) Sandeep K Biswal M.A. Economics Neha Singh Inaniya Green method enterprises (6 Months) B.Com(H) Finance Indian Council for Market Research (29 Months) Kotak Securities Ltd (12 Months) National Institute of Public Finance & Policy (18 Months) Paresh Nemade B.E. (Electronics) Sayantan Ghosh ECIL-RAPISCAN (12 Months) B.Tech (Bioinformatics) Surag Instruments (7 Months) Wipro Ltd. (16 Months)
PGSPM: 2011-12 – BATCH PROFILE Shashank Kacker B.Sc Biotech, Post Graduate Diploma in Banking ICICI Bank Ltd. (30 Months) Shrey Kumar Sao B.Tech (Electronics and Communication) SriHarsha P B.Tech (Electronics & Communication), PGDBM (Finance & Marketing) Northern Trust (4 Months) VITEOS Fund Services (Credit Suisse) 26Months Swapnil Deshpande B.E. (Mechanical) Colour Roof (I) Ltd(4 Months)
PLACEMENTS For the first batch of PGPSM: 2010-11, NISM has received good support and encouragement from industry. During placement season 2010-11, the institute has elicited a favourable response from the industry. The following organisations have participated in campus selections and have offered jobs to students of the first batch: • Asit C. Mehta Intermediaries Ltd. • CARE Ratings • Capgemini • Darashaw & Co. Ltd. • ICICI Bank Ltd. • ICRA Management Consulting Services Ltd. • IRIS Business Solutions Ltd. • JMN Investment Research Ltd. • JP Morgan • Markit • Syntel Other organizations that expressed their interest: • AIG Global AMC • BNP Paribas Mutual •Canara Robeco AMC • CRISIL • I-peritus • Pramerica AMC • Sahara Mutual Fund The average salary annual CTC offered to students of first batch of PGSPM: 2010-11 was ` 6.18 lacs, in a range of ` 4 lacs to `15 lacs.
PLACEMENT PROCESSPlacement Schedule: Invitation to recruiters for Pre-placement talks November 15, 2011 Scheduling of Pre-placement interactions November 21, 2011 onwards Short-listing of Cvs December 1, 2011 onwards Campus selection process and interviews January 9, 2012 onwards Offer letters 15 days from date of final interview Acceptances 15 days from date of offer Placement process closure March 31, 2012• Above placement schedule is indicative only and it can be tailored to suit the requirement of the companies.• Companies are welcome to visit our campus and interact with students for pre-placements throughout the year.• Placement activities and processes are conducted in collaboration between a Students Placement Committee and a Council of Faculty MembersWhom to contact for placements?Please contact or write to:• Mr. A. S. Ramayya, Asst. Vice President, Programme Office, NISM• Phone: 022 66735121 or 5125 (Direct) and 66735100-105 (Board)• Email : email@example.com or firstname.lastname@example.org