About PGDM (SM)
The field of securities markets is a confluence of several related areas–economics, financial economics, accounting and reporting, quantitative methods and computing, law and compliance and more. Individuals aspiring for an entrepreneurial or managerial career in the dynamic securities markets are required to possess a myriad of skill sets over and above expertise in the markets and market-related areas.
The School for Securities Education (SSE) of NISM, with its prior experience in designing and delivering academic programmes that suit the dynamic (securities markets) industry requirements, infused with innovation, has conceived the Post-Graduate Diploma in Management (Securities Markets) PGDM (SM) to nurture individuals for success in the securities market. The programme is approved by the All India Council for Technical Education (AICTE).
Where Does PGDM (SM) lead to?
The meticulously crafted curriculum for PGDM in Securities Markets, along with application-based pedagogy and industry internship, serves as a sound foundation for further grooming and growth into various career paths in securities markets.
»Segments: Equity Markets, Debt Markets, banking Treasury, Currency and Currency Derivative Markets, Commodity Derivative Markets, retail banking.
»Research: Equities, Debt Markets, Currency Markets, Commodity Markets.
»Analytics: Credit Research & Ratings, Economic Research, Policy Research, Advanced Analytics and Computing in Risk Management & Derivatives, Front-, Mid- and Back-Office Analytics, Legal Research & Analysis, Mutual Fund Analytics, News and Media, Fintech.
»Broking and Dealing: Equities, Equity Derivatives (F&O), Debt (G Sec, Corporate Bonds, Securitized Debt and Structured Finance, Municipal Bonds), Syndicated Debt, Mutual Fund Distribution,
»Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager in Banking, Broking & Investment Advisory firm.
»Corporate Advisory: Investment Banking, Corporate Banking, Insolvency Resolution and Restructuring, Valuation, Compliance, Risk Management, Debenture Trusteeship and Custodianship.
Summary of Credit Distribution across all Trimesters
| Sr. No. | Particulars | No. of classroom subjects | Credits for classroom subjects | Credits for self-learning engagements | Total Credits | |
| First Year (2022-2023) | ||||||
|---|---|---|---|---|---|---|
| 1 | Trimester I | 6 | 18 | – | 18 | |
| 2 | Trimester II | 6 | 18 | – | 18 | |
| 3 | Trimester III | 6 | 18 | – | 18 | |
| Summer Internship (Summer 2023) |
||||||
| Summer Internship | 06 | 06 | ||||
| Second Year (2023-2024) |
||||||
| 1 | Trimester IV | 5 | 15 | – | 18 | |
| 2 | Trimester V | 5 | 15 | – | 18 | |
| 3 | Trimester VI | 2 | 6 | 12 | 18 | |
| Total | 30 | 90 | 18 | 108 | ||
Detailed Program Architecture
| First Year (2022-2023) |
|---|
| Subject Code | Trimester – I | Hours | Credits |
|---|---|---|---|
| 101 | Economics for Securities Markets | 30 | 3 |
| 102 | Financial Reporting | 30 | 3 |
| 103 | Financial Institutions & Markets | 30 | 3 |
| 104 | Mathematics for Securities Markets | 30 | 3 |
| 105 | Statistics for Securities Markets | 30 | 3 |
| 106A | Organisation Behaviour and Management | 15 | 1.5 |
| 106B | Excel Skills for Management | 15 | 1.5 |
| Subject Code | Trimester – II | Hours | Credits |
|---|---|---|---|
| 201 | Financial Statements Analysis | 30 | 3 |
| 202 | Corporate Finance | 30 | 3 |
| 203 | Business Communication I | 30 | 3 |
| 204 | Corporate and Allied Laws | 30 | 3 |
| 205 | Smart Lab I | 30 | 3 |
| 206A | Mutual Funds | 15 | 1.5 |
| 206B | Marketing of Financial Products & Services | 15 | 1.5 |
| Subject Code | Trimester – III | Hours | Credits |
|---|---|---|---|
| 301 | Securities Analysis and Equity Valuation | 30 | 3 |
| 302 | Securities Market Laws and Regulations | 30 | 3 |
| 303 | Banking & Financial Services | 30 | 3 |
| 304 | Fintech in Financial Markets | 30 | 3 |
| 305 | Derivatives & Risk Management I | 30 | 3 |
| 306A | Business Communication II | 15 | 1.5 |
| 306B | Research Methods and Data Analytics | 15 | 1.5 |
| Summer Internship (Summer 2023) |
|---|
| Summer Internship | 6 |
| Second Year (2023-2024) |
|---|
| Subject Code | Trimester – IV | Hours | Credits |
|---|---|---|---|
| 401 | Fixed Income Securities | 30 | 3 |
| 402 | Derivatives & Risk Management II | 30 | 3 |
| 403 | Portfolio Management | 30 | 3 |
| 404 | Treasury Management | 30 | 3 |
| 405 | Market Infrastructure Institutions | 30 | 3 |
| Subject Code | Trimester – V | Hours | Credits |
|---|---|---|---|
| 501 | Corporate Restructuring and Valuation | 30 | 3 |
| 502 | Commodities Markets | 30 | 3 |
| 503 | Financial Planning & Wealth Management | 30 | 3 |
| 504 | Smart Lab II | 30 | 3 |
| 505A | Financial Modelling | 15 | 1.5 |
| 505B | Investment Banking | 15 | 1.5 |
| Subject Code | Trimester – VI | Hours | Credits |
|---|---|---|---|
| 601A | Ethics and ESG Investing | 15 | 1.5 |
| 601B | Forex Markets and International Finance | 15 | 1.5 |
| 602A | Alternate Investment Funds | 15 | 1.5 |
| 602B | Taxation for Securities Markets | 15 | 1.5 |
| 603 | Project Dissertation (Off Classroom) | 6 | |
| 604 | Professional Certifications (Off Classroom) | 6 | |
| Total Program Credits | 108 | ||
Note: The Program Architecture proposed above is subject to necessary revisions, if required, based on the prevailing circumstances and the industry feedback. The Institute reserves the right to carry our necessary changes, if any, in the Program Architecture in such cases.
| Embedded NISM Certifications |
|---|
| STAGE I – Basic Certifications | |
|---|---|
| 1 | NISM Series V A: Mutual Fund Distributors Certification Examination |
| 2 | NISM Series VII: Securities Operations and Risk Management Certification Examination |
| 3 | NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination |
| STAGE II – Advanced Certifications | |
| 4 | NISM-Series-VIII: Equity Derivatives Certification Examination |
| 5 | NISM Series-IX: Merchant Banking Certification Examination |
| 6 | NISM Series-XV: Research Analyst Certification Examination |
Important points:
- Students need to complete all the above mandatory certifications within the deadlines indicated by the Program office.
- The examination fee for the aforementioned mandatory certifications is included in the program fee of PGDM (SM). Students will get one examination attempt for each of the six mandatory exams, as part of the program fee. However, in a rare case, if a student fails in the first attempt, then the student has to bear the examination fee of the subsequent attempt(s).
- A student will earn 6 program credits (as part of Course ‘604 Professional Certifications’) on successful completion of all six mandatory certifications.
| Embedded Workshops |
|---|
In addition to the courses and certifications listed above, the program will be continuously enriched further through focused advanced workshops and sessions from industry speakers and alumni.
The workshops to be organized for the batch would be predominantly identified based on the recruiters’ feedback, the industry feedback, and the contemporary developments in the securities markets landscape. The following are some of the indicative topics on which workshops would be organized for the batch:
| a) Equities Research
b) Credit Risk Analysis c) Compliance function at MIIs and other intermediaries d) Surveillance and Risk Management functions e) Treasury Operations at Banks f) Private banking and Wealth management
|
g) Algorithmic and High frequency trading
h) Quantitative applications in securities markets I) Data Science Applications in securities markets j) REITs, InVITs and Alternate Investments k) Other area(s), as needed, based on the industry feedback and contemporary developments
|
Eligibility Norms
| Educational Qualifications | Valid Common Entrance Test Score |
|---|---|
| 1. Applicant must possess a strong and consistent academic background. Performance in 10th grade, 12th grade and every year of graduation are considered in the selection process.
2. Passed Bachelor’s Degree of minimum 3 years’ duration and obtained at least 50% marks (45% in case of candidates belonging to reserved category) in any stream.
3. Applicants in the last year of their bachelor’s degree program and awaiting their final results can also apply. However, their admission will be considered as provisional and is subject to fulfilling the above mentioned eligibility criteria within the specified timeframe. |
The candidates are required to qualify in any one of the six all India Common Admission Tests. CAT, XAT, CMAT, ATMA, MAT, GMAT or MH-CET (Management) in Maharashtra.
|
Note: Candidates whose competitive exam results are not officially announced can submit the application form. However, candidate has to submit the competitive exam score to NISM Admission office once the results are announced, until then the admission will be stated as provisional.
Selection Procedure
Selection shall be based on the educational qualifications of the candidate, competitive exam score and Personal Interview (PI).
How to Apply?
1. New user has to register by clicking on “Click here to Apply Now” button.
2. Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
3. Fill the Application form and upload all relevant documents.
4.Complete the application form by paying the application fee – Rs. 1000/-
*APPLICATION FEE is Refundable only in case the applicant is not shortlisted for the Online Interview process.
Important Dates for AY 2023-25
| S.No. | Particulars | Date
|
|---|---|---|
| 1. | Start Date for Application: | To be announced |
| 2. | Last Date for Application: | To be announced |
| 3. | Date of commencement of admission interviews: | To be announced |
| 4. | Declaration of Merit List: | To be announced |
| 5. | Commencement of Program: | As per AICTE norms |
Admission related FAQs
Award winning FAQs on
FINANCIAL REPORTING FAQs
EQUITY DERIVATIVES FAQs
QUANTITATIVE INVESTMENT ANALYSIS FAQs
CFA Institute University Affiliation Program
Mandatory Committees
Anti-Ragging Committee and Squad
Internal Complaints Committee (ICC)
Grievance Redressal Committee (GRC)
Internal Quality Assurance Cell (iQAC)
NISM facilitates campus placement and the placement activity is coordinated by a Faculty Team and the Students Placement Committee. The placement process began with the first company visiting the campus from mid-December every year until March of the next year.
Summer Internship has been an important part of the pedagogy and has also played a vital role in shaping the career of the first year PGDM(SM) students. Summer Placements for the first-year students take place in the first/ second week of March every year.
The institute assists placement of the students by inviting banks, asset management companies, advisory firms, broking houses and other securities markets intermediaries to participate in the campus placement programme. The institute grooms the students for performing challenging and exciting roles in the securities markets. The success of the programme is evident from the sterling on-the-job performance of its alumni.
Download Placement Report 2020-22.Click here
Download PGDM(SM) Internship Brochure 2022-24. Click here
| Placement Begins | 1st December 2022 |
| Tentative Joining | 15th April 2023 |
*Above placement schedule is indicative only, and it can be tailored to suit the requirements of the companies.
Placement activities and processes are conducted in collaboration between the Student’s Placement Committee and Placement Office.
he NISM’s Entrepreneurship-Cell is a student organization that aims to incubate the pioneering spirit of students who are destined to be the business leaders of tomorrow.
Read more about NISM’s Entrepreneurship-Cell and its activities. Click here
It gives me great pleasure to write the testimonial for the new recruits from your institute on behalf of IDBI. “NISM students are resourceful individuals, who carry a positive behavior & are of good ethos, NISMians have fulfilled their responsibilities well and took initiative in work assigned to them they have gelled well with their team.Their learning capabilities are good and all the reporting officers are happy with their performance. We,at IDBI are extremely proud to be associated with NISM.” I wish NISM and its team all the very best for your future endeavors.
Ram Prasad Pati
Manager-HR
IDBI Bank
“Our organization has been hiring students from NISM, as interns and on full-time basis, for the past 3 years. It has always been a smooth process in terms of recruitment from the Organization. Students come with the motive to learn and excel in their career. Even in times of COVID-19,it is nice to see that students are proactive and are willing to work from home with the same effectiveness as working from an office.”
Archit Lohia
Founder
CareerTopper.com
The Bank has recruited candidates from NISM over the years to perform roles at T r easury and its Operations in the Bank. The financial market knowledge acquired by them through NISM have been found suitable for the roles.
Sreekanth I V
Deputy Vice President
The Federal Bank Ltd
Very impressed with the calibre of candidates; we are quite keen to continue the relationship
Nosheen Khan
VP - Marketing
Markit, London
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