About the Program:
The National Institute of Securities Markets (NISM) and the Association of Investment Bankers of India (AIBI) India have collaborated to launch a joint program aimed at providing knowledge and skills required to be an investment banking professional. This initiative aligns with NISM’s commitment of capacity building and skill development in the securities markets.
Program Objectives
The Certificate Program in Merchant Banking (CPMB) is designed to provide participants with a comprehensive understanding of the securities markets ecosystem and equip them with the skills sets on SEBI-regulated activities such as initial public offers, further public offers, Open Offers, Buy-back, Delisting, Mergers and Acquisition, etc.
To Whom
The program is ideal for aspiring professionals/ students who are interested to learn more about Merchant Banking. Professionals/students already working/specializing in finance domain and want to specialize further in strategic finance roles may apply for this program. Students pursuing or having completed an MBA/PGDM (Finance) or inter – CA, CS, ICWA or LLB / BL.
Program Architecture
The 6-month certificate program has been divided into two components: Learning in classroom and Internship.
350 learning hrs. will be covered during the duration of 3 months at NISM campus followed by 3 months internship with leading merchant banker.
Following 5 subjects will be covered at the NISM campus:
Sr. No. |
Subject |
Learning Hrs. |
1. |
Capital Markets Eco System
|
60 |
2. |
Capital Markets Regulations and Compliances
|
60 |
3. |
Applied Corporate Finance
|
60 |
4. |
Financial Modelling and Valuation
|
60 |
5. |
Ethics and Professional skills in Investment Banking.
|
60 |
6. |
Projects, Assignments, Certifications, Industry Interaction |
50 |
The following two NISM certificates* are required to be cleared for completion of the program:
i. NISM Series-XII: Securities Markets Foundation Certification Examination
ii. NISM Series-IX: Merchant Banking Certification Examination
*The cost of NISM certifications is included in the program fee. Only one attempt will be provided to the candidates to clear both the certifications. In case a candidate is unable to the clear NISM Certification exam in the first attempt, the cost of NISM certification for further attempts shall be borne by the individual candidate.
Teaching Pedagogy and Learning Resources
Lectures & Case studies will be delivered by a distinguished panel of market professionals, seasoned industry experts, and officers from SEBI and NISM faculty to ensure that students benefit from real-world expertise and regulatory perspectives. This combination of academic rigor and professional experience equips participants with the skills needed to excel in today’s dynamic financial markets. Experiential learning at the various labs available at NISM campus lab is a critical component of the pedagogy.
Learning environment and Pedagogical Approach
The instructional approach of this program will be practice oriented with an objective of bringing real-life perspectives alongside giving a robust conceptual foundation to the students. The curriculum is designed in consultation with the industry to ensure that the curriculum is in-line with the current Industry practices and requirements.
The program will be delivered through learner-centric approach using various pedagogical tools including case studies, hands on training on widely used data base and software’s like Bloomberg. NISM, with its proximity to the policy-makers and the industry, draws upon the cream of academia and industry providing cutting-edge inputs in the securities markets domain.
Lectures and hands-on workshop sessions will be conducted by eminent faculty and industry leaders and experts. Students will gain the inputs and industry insights from a team of academicians, market experts and policy makers. There will also be regular interactions with practicing professionals.
The learning environment is further stimulated by industry interface, finance lab with modern technological infrastructure, state-of-the-art campus, extensive library and other recreation facilities. Book reviews, films related to Wall Street and experience sharing sessions with industry experts complement the learning process.
Industry Interface
NISM invites a number of practitioners from the industry for interaction with the participants to share their experiences. These platforms provide opportunities to the participants to develop keen insights to industry practices and nuances.
Extensive Library
The institute boasts one of the biggest specialized libraries for Finance, which holds a rich collection of over 10000 books on securities markets, domestic and international magazines, newspapers, journals, etc., the library provides access to all leading academic journals in Finance, Economics, Business and Management.
State-of-the-art Campus
NISM’s campus at Patalganga spread over 70 acres of land on the scenic Mumbai-Pune Expressway has state-of- the-art infrastructure that creates an ideal environment conducive for contemplative learning. The eco-friendly campus is Wi-Fi enabled and features well-equipped class-rooms, modern auditorium and a vast amphitheatre. The campus also has impressive residential blocks with separate hostel facilities for male and female participants.
Recreation Facilities
The participants enjoy the luxury of modern recreation facilities like swimming pool, squash court, gymnasium with modern equipment, table tennis and badminton halls, yoga hall, cafeteria etc., The recreation blocks pose a refreshing environment offering a balance to the academic rigor of the program.
Delivery Mode & Teaching Resources
The first term will be offered at the NISM campus. It is a 3 months full-time residential program. The three-month program is followed by the second term of 3 months paid internship at a merchant banker’s office.
Certification
Certificate of completion will be jointly awarded by NISM and AIBI to the participants who successfully complete all the mandatory NISM certifications and examinations along with the required internal assignments.
Internship & Placement Facilitation
On successful completion of the 3 months program at NISM, AIBI will facilitate internship opportunity to the learners with Merchant Bankers. On successful completion of the complete program of 6 months, AIBI will facilitate final placement opportunity to the learners with Merchant Bankers.
(Selection for internship / placement will depend upon learners’ performance during the interview and other performance factors.)
Depending upon the performance during internship the participants may be offered a Pre-placement interview opportunity by the organization. The compensation package (CTC) as per the industry norms, subject to the performance of the candidate during the program, internship, and interview process.
Admission Process
Eligibility
Academic:
• Graduation in any stream from recognised university with minimum 60% marks in 10th,12th,and Graduation.
• Completed MBA/PGDM (Finance)/ LLB from recognised university or CA (Inter)/ CS (Executive)/ ICWA (Inter). Final
Year candidates of MBA/PGDM (Finance) or LLB/BL/Integrated LLB program are eligible to apply.
• Good communication (both oral and written) skills and Analytical abilities.
Note:
1. For candidates with CA/CS/ICWA/LLM qualifications: The 60% marks requirement in 10th, 12th, and Graduation is not applicable.
2. For MBA/PGDM freshers: The 60% marks criteria for 10th and 12th is not applicable while the 60% requirement for Graduation is mandatory.
3. For candidates with 2 years of relevant experience in the BFSI sector (with specific qualifications like MBA/PGDM, CA, CS, LLB): The 60% marks criteria for 10th, 12th, and graduation is not applicable.
Selection Process
Admission will be offered to the candidate through remote proctored online Test and Personal Interview. Only shortlisted candidates will be called for personal interview.
Syllabus for Online test:
The syllabus for the online test includes two main sections: 1) General Awareness about economy, securities markets etc., and 2) Analytical and Logical Reasoning.
The exam will be conducted in multiple-choice questions mode.
How to apply?
Candidates willing to apply should first register themselves on
https://apply.nism.ac.in/CPMB-application-form
Step 1: New Registration: Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
Step 2: Application process: Thereafter, candidates are required to log-in and complete the
application process by paying application fee. After making the payment of application fee of Rs.500/- the candidates may submit their application.
Application Fee:
Application fee is Rs 500/- (Rupees Five Hundred only). The application fee is exclusive of Payment Gateway charges & Processing fee as applicable.
Programme Fees
The consolidated program fee is Rs. 2,28,175/- (Two Lakh Twenty eight thousand one hundred seventy five only) inclusive of taxes. The above fee is inclusive of lodging and boarding charges at NISM campus in twin-sharing non-AC student hostel for the first three months of the program at NISM Campus. The students will be required to pay a refundable security deposit of Rs. 20,000/- (Rs. 10,000 Hostel, Rs. 10,000 Library) additionally.
Particulars | First Instalment | Second Instalment | Amount (Rs.) |
Tuition Fee | 70,000 | 70,000 | 1,40,000 |
Library Resources, etc. | 5,000 | 5,000 | |
Exam Fee | 10,000 | 10,000 | |
Alumni Fund | 2,000 | 2,000 | |
GST @ 18% | 13,500 | 14,400 | 27,900 |
Certification Examination Fee | 3,270 | 3,270 | |
Accommodation (Non-AC & twin Occupancy) | 9,000 | 9,000 | 18,000 |
12% GST on Accommodation Charges | 1,080 | 1,080 | 2,160 |
Mess Charges | 9,450 | 9,450 | 18,900 |
5% GST on Mess Charges | 473 | 472 | 945 |
Total Fee | 1,13,773.00 | 1,14,402.00 | 2,28,175 |
Library Deposit (Refundable) | 10,000 | 10,000 | |
Hostel Deposit (Refundable | 10,000 | 10,000 | |
Total Amount to be Paid | 1,33,773.00 | 1,14,402.00 | 2,48,175 |
Participants have to make the payments within seven days after they receive the admission
offer letter.
Date will be informed in the offer letter
Note: For the convenience of outstation participants, check-in at the hostel maximum 1 day before the commencement of the program and have to check-out of the hostel within maximum 1 day after the end of completion of the classroom teaching.
For the internship period candidates will have to make their own lodging and boarding arrangements at the place of posting.
#Refundable
Refund Policy:
Entire fee including the application fee is non-refundable in any circumstances.
Important Dates for AY 2024-25
Declaration of Merit ListWill be intimated separately to shortlisted candidatesLast Date Fee Payment (1st Installment)January 17, 2025Commencement of ProgramFebruary 03, 2025
Particulars |
Date |
---|---|
Start Date for Application | December 1, 2024 |
Last Date for Application | January 10, 2025 |
Date of Entrance Test | Will be intimated separately |
Date of Interview | Will be intimated separately |
*The Management reserves the right to change, to amend the programme structure and fees as and when it deems fit.