About the Program:
PGDM (SM) is an AICTE approved two-year Post-Graduate Diploma Programme in Management, where the students get exposure to varied subjects and verticals of securities markets including Economics, Financial Statement Analysis, Corporate Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, and Derivatives & Risk Management, Investment Banking, Mutual Funds, and Wealth Management, benchmarked with the best and contemporary texts. Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)
The carefully crafted curriculum, along with application-based teaching pedagogy and industry internship, serves as a strong foundation for further grooming and growth into various career paths in the corporate/financial/securities markets. PGDM (SM) students are positioned to take up a wide range of roles and responsibilities, such as Analysts, Investment Managers, Investment Bankers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, Wealth Managers, etc.
Where does PGDM(SM) lead to?
PGDM (SM) can lead the successful participants to the following careers pathways. Some illustrative career opportunities available for PGDM (SM) graduates are as under:
- Segments: Equity Markets, Debt Markets, Currency and Currency Derivative Markets, Commodity Derivative Markets
- Market Infrastructure Institutions: A wide range of roles (Business Development, Operations, Compliance, Risk Management, etc.) in Market Infrastructure Institutions including Stock Exchanges, Commodity Exchanges, Clearing Corporations and Depositories
- Research and Analytics: Credit Research & Ratings, Economic Research, Policy Research, Analytics and Computing in Risk Management & Derivatives
- Banking: Commercial banking, Treasury Operations, Treasury Management, etc.
- Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager
- Mutual Funds: Business Development, Distribution, Operations, Compliance, Risk Management, etc. in the Mutual Funds Industry
The objective for designing a programme of the status of a Post Graduate Diploma is “to create complete securities market professionals”. Since the field of securities markets represents the confluence of several related areas, the post-graduate programme in securities markets rests on the following pillars:
- Economics, including financial economics
- Finance
- Accounting and Reporting
- Quantitative Methods and Computing
- Law and Compliance
- FinTech
Each of the above-mentioned fields is fully represented in the proposed programme, with a balance between elegance and rigour. Based on SSE’s prior experience, but also after infusion of fresh thinking, the architecture of the PGDM (SM) has been conceived. Each course is benchmarked with the best-in-class textbook (recommended text) to arrive at the chosen content.
Design and Curriculum
The programme has a globally benchmarked curriculum deliberated by a council of academicians and market practitioners. Divided into six trimesters, the curriculum is designed to provide research-based inputs and industry insights through a team of academicians and market experts.
| 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 |
| Summer Internship (Summer 2024) | |||
| Summer Internship | 6 | ||
| Subject Code | Trimester – II | Hours | Credits |
| 201 | Financial Statements Analysis | 30 | 3 |
| 202 | Corporate Finance | 30 | 3 |
| 203 | Business Communication | 30 | 3 |
| 204 | Corporate and Allied Laws | 30 | 3 |
| 205 | Financial Analytics | 30 | 3 |
| 206 (A) | Smart Lab I | 15 | 1.5 |
| 206 (B) | Mutual Funds | 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 | Fixed Income Securities | 30 | 3 |
| 304 | Fintech in Financial Markets | 30 | 3 |
| 305 | Derivatives & Risk Management-I | 30 | 3 |
| 306 (A) | Marketing of Financial Products & Services | 15 | 1.5 |
| 306 (B) | Research Methods and Data Analytics | 15 | 1.5 |
| Academic Courses: 2026-2027 | |||
|---|---|---|---|
| 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 | Financial Modelling & Research Report Writing | 30 | 3 |
| 505 (A) | Smart Lab – II | 15 | 1.5 |
| 505 (B) | Investment Banking | 15 | 1.5 |
| Subject Code | Trimester – VI | Hours | Credits |
| 601 (A) | ESG Factors and responsible investing | 15 | 1.5 |
| 601 (B) | Forex Markets and International Finance | 15 | 1.5 |
| 602 (A) | Alternate Investment Funds | 15 | 1.5 |
| 602 (B) | Taxation for Securities Markets | 15 | 1.5 |
| 603 | Project Dissertation (Off Classroom) | – | 6 |
| 604 | Professional Certifications (Off Classroom) | – | 6 |
| Total 108 | |||
| Sr. No. | Embedded NISM 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 |
| 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:
SStudents need to complete the mandatory certifications within the deadlines indicated by the Program office.
The examination fee for the aforementioned mandatory certifications is not included in the program fee of PGDM (SM). Students will have to appear and pass all examination on their own. 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 anyone of the six all India Common Admission Tests i.e. CAT, XAT, CMAT, ATMA, MAT, GMAT or MH-CET (Management) in Maharashtra. |
Note: Candidates whose competitive exam results are not officially announced can also 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). Provisional admission offered to selected candidates, who do not pay the fees on or before the stipulated date would automatically stand cancelled.
How to apply?
Candidates are required to register themselves online on https://apply.nism.ac.in/pgdm/
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: Fill the Application form and upload all relevant documents.
Step 3: Pay the application fee of ` 1000/- (One thousand only) and other applicable charges.
Programme Fee
| Fee Structure of PGDM (SM) 2025-27 | ||||
| Particulars | 1st Installment | 2nd Installment | 3rd Installment | 4th Installment |
| Tuition fee | 1,38,000 | 1,38,000 | 1,38,000 | 1,38,000 |
| Library fee | 10,000 | 10,000 | 10,000 | 10,000 |
| Exam fee | 5,000 | 5,000 | 5,000 | 5,000 |
| Alumni fund | 2,000 | – | – | – |
| Total Program fees (A) * | 1,55,000 | 1,45,000 | 1,45,000 | 1,45,000 |
| Library Deposit – Refundable (B) | 10,000 | – | – | – |
| Total fees including Refundable deposits (A + B) | 1,65,000 | 1,45,000 | 1,45,000 | 1,45,000 |
| Gross Total |
6,00,000 |
|||
| Due Date | Within seven days of receiving offer letter
|
November 01, 2025
|
June 15, 2026
|
November 01, 2026
|
Fee Refund Policy
If a student chooses to withdraw from the program of study in which he/she is enrolled, the institute will follow the following three-tier system for the refund of fees remitted by the student.
| Sr. No | Refund Amount | Point of time when notice of withdrawal of admission is served to the Institute |
| 01 | The fee paid will be refunded after a flat deduction of Rs. 1,000/- | Before commencement of the programme or July 15, 2025 whichever is earlier |
| 02 | The fee paid will be refunded after a flat deduction of Rs. 10,000/- | After July 15, 2025 and the vacant
seat is filled by another student from wait list. |
| 03 | The student will not be eligible for any refund, except the refund of the refundable deposits included in the fees | After commencement of the programme or after July 15, 2025, and the seat remained vacant. |
Important Dates
| Start Date of Application | April 26, 2025 |
| Last date of application | June 15, 2025 |
| Commencement of Admission Interviews | Will be intimated separately |
| Declaration of Merit List | June 30, 2025 |
| Commencement of Program |
July 15, 2025 |
* The Management reserves the right to change, amend programme structure and fees as when it deems fit.
Helpdesk: +91 82680 02412
Email: pgdm@nism.ac.in