pgpsm prospectus 2011-12

8/7/2019 Pgpsm Prospectus 2011-12

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P G P S MPOST GRADUATE PROGRAMME

IN SECURITIES MARKETS

BECOME A NEXT GENERATIONSECURITIES MARKETS PROFESSIONAL

P R O S P E C T U S 2 0 1 1 - 2 0 1 2

PGPSM s On -Y , F -T m P og mm

NaTiONal iNSTiTuTe OFSecuriTieS MarkeTS

an ed t on in t t v by


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National Instituteof Securities Markets (NISM)

N ISM is a public trust established by the Securi esand Exchange Board of India (SEBI) , the regulatorof securi es markets in India. It is an autonomous body

governed by a Board of Governors with strategic guidance

from an interna onal Advisory Council.

NISM envisions a cataly c role in promo ng securi es

markets research and educa on, through:

Close interface with policy makers, regulators and

industry par cipants

Con nuous knowledge crea on, acquisi on and

dissemina on

Collabora on with the larger educa onal and market

infrastructure to reach cons tuencies relevant to the

securi es markets

VisionTo lead, catalyze and deliver educa onal ini a ves to

enhance the quality of securi es markets.

MissionTo engage in capacity building among stakeholders in the

securi es markets through nancial literacy, professional

educa on, cer ca on, enhancing governance standards

and fostering policy research.

Ins tutes PhilosophyNISMs ac vi es are dedicated towards enhancing

the quality of par cipa on in securi es markets. This

involves development of knowledge and skill base of all

stakeholders. The Ins tutes philosophy embodies the

spirit of commitment to these objec ves.

School for Investor Educationand Financial Literacy (SIEFL)

School for Certification of

Intermediaries (SCI)

School for Securities Informationand Research (SSIR)

School for Regulatory Studiesand Supervision (SRSS)

School for CorporateGovernance ( SCG)

School for Securities Education(SSE)

The activities atNISM are carried out

through its Six Schools.These include:


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In his budget speech of February 2005, the HonourableUnion Finance Minister announced that the Securi esand Exchange Board of India (SEBI) would establish an

ins tute to undertake securi es markets educa on and

research. In pursuance of this mandate, SEBI established

the Na onal Ins tute of Securi es 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 educa onal and research ini a ves that would

support, enable and expedite an en re gamut of high

quality knowledge services in the securi es industry. A

market for securi es educa on and research is gradually

emerging in India and abroad partly due to the

buoyancy in the securi es industry and partly because

of the regulatory e orts to create minimum competency

levels for securi es industry professionals. NISM intendsto play a cataly c role in addressing these needs.

Board of Governors

Mr. U. K. Sinha, Chairman, SEBI (Chairman, Board of

Governors)

Mr. M. S. Sahoo, Whole Time Member, SEBI

Dr. K. M. Abraham, Whole Time Member, SEBI Dr. K. P. Krishnan, Secretary, Economic Advisory

Council to the Prime Minister

Dr. K. R. S. Murthy, Former Director, IIM Bangalore

Mr. Y. C. Deveshwar, Chairman, ITC Ltd.

Mr. M. B. N. Rao, Former Chairman & Managing

Director, Canara Bank

Mr. Pra p Kar, Consultant, Global Corporate

Governance Forum, Interna onal Finance Corpora on

Dr. Mohan Gopal, Director, Na onal Judicial Academy,

Bhopal

Mr. P. K. Nagpal, Execu ve Director, SEBI

Mr. Ra q Dada, Senior Advocate, High Court, Mumbai

Prof. G. Sethu, OSD-In-Charge, NISM

Background of NISM

Given the uniqueness of India and other emerging/

developing markets, such interven on would follow the

twin approaches of accessing/dissemina ng the relevant

exis ng knowledge and crea ng new knowledge that

is more speci c and appropriate for emerging markets.

With no other ins tute in the Asian region that seeks to

address as wide a canvas, NISM stands uniquely poised

to become an ins tu on that would not only serve the

securi es markets in India but could also assume a pan-Asian purpose.

Academic Council

Dr. Pritam Singh, Professor of Eminence,

Management Development Ins tute, Gurgaon

Prof. R. Vaidyanathan, Professor of Finance, IIM,

Bangalore Prof. Sanjay Kallapur, Senior Associate Dean Faculty

and Research, Indian School of Business, Hyderabad

Dr. Ajay Shah, Professor, Na onal Ins tute of Public

Finance and Policy, New Delhi

Prof. G. Sethu, OSD-In-Charge, NISM


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NISM ar culates and implements its mission of improving market quality through its six schools,each having a speci c domain presence within the

securi es markets. The role of the School for Securi es

Educa on (SSE) is to provide educa on for preparing

competent professionals who will serve the securi es

markets.

The last few years have seen a demand for securi esprofessionals who are equipped with a wider repertoire

of knowledge and skills. This demand has been

spurred by the challenges posed by the growing Indian

economy and the expanding securi es market. With

the Indian economy growing consistently at over 6%,

many Indian companies are scaling up their ac vi es in

India and abroad. This has necessitated a greater need

About theSchool for Securities Education

for corpora ons to access the securi es markets. The

overall economic growth has also witnessed many Indian

corpora ons a rac ng domes c and foreign investments

through lis ngs in India and overseas.

As the Indian economy grows and as Indian investors

seek to par cipate more in the capital markets, the

Indian stock exchanges, mutual funds, merchant bankers,

analysts and stock brokers would play an even more vitalrole in mee ng the enhanced expecta ons of various

stakeholders.

With its proximity to policy makers and professionals

in the securi es markets community, SSE is uniquely

posi oned to provide educa onal programmes that will

create the new age securi es markets professional.

Ca acit bui ding in thesecurities markets


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The USP of PGPSM is theperfect blend of theor ,

ractice and guestecturers from the industr .

Mayank Shukla,

Student, PGPSM Batch 2010-11


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CONTENTS

PGPSMOne-Year Full-Time Post Graduate Programme in Securities Markets

Post Graduate Programme in Securi es MarketsAbout PGPSM

Value Addi on from PGPSM

Target Audience

Programme Architecture

Evalua on Criteria

Programme Design and ContentPlacement Facilita on

Infrastructure

Accommoda on and Residen al Facili es

Systems Support

Awards and Scholarships

Library

Notebook Computer

Academic TeamFull- me/Adjunct Faculty

Visi ng Faculty

Admission ProcedureEligibility

Online Test

Ci es and Towns where the test is likely to be conducted:

Personal Interview

Selec on Procedure

Announcement of Selected Candidates

Sponsored Candidates

Documenta on

Fees and Deposits

Educa onal Loan

Online Registra on Prospectus and Online Applica on

Last date for Online Registra on

Hall Ticket

Important Dates

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45

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Post Graduate Programme inSecurities Markets (PGPSM)

For students interested in pursuing a career insecuri es markets, the PGPSM is an extremelyunique opportunity to obtain rst-hand knowledge, both

theore cal and prac cal, from an ins tute established

by SEBI, the market regulator. The faculty, consis ng of

academicians and prac oners, has the capability to

deliver a high quality programme to the aspiring students.

Informal es mates indicate that the securi es markets

would require about 32,000 professionals every year.

The table alongside gives a distribu on among various

sectors. The table further indicates func ons within

these sectors that could be grouped as follows: (1) Fund

Management, Analysis and Dealings (2) Sales, Product

Management and Brand Management (3) Opera ons

and Services (4) Informa on Technology (5) Compliance

and (6) Financial Advice and Planning

PGPSM thus seeks to prepare students to become Fund

Managers, Analysts, Dealers, Ins tu onal Sales Persons,Product Designers, Opera ons Managers, Compliance

O cers, Risk Management O cers, Investment Bankers,

and Investment Advisors in the securi es markets.

PGPSM

C O N C E P T U

A L

A D V A

N C E D

A P P L

I C A T

I O N

I N D U

S T R Y

I N T E R A C T I O N A

P P L I C

A T I

O N

V E N T U R E C A

P I T A L

&

P R I V

A T E

E Q U

I T Y

A N A L Y

S I S

I N F L U E N C I N G

P R A C T I C E

I N V E S T M E

N T

& P O R T F O

L I O

M A N A G E M E N

T

F I N A

N C I A L

I N S T I T

U T I

O N S

& M

A R K E

T S

B E H A V

I O U R A L

F I N A N C E

E C O N O M I C S

Q U A

N T I T A

T I V E

M E T H

O D S

Architecture

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Estimated intake of entry levelpersonnel in securities business for 2011 *

Brokers MFs PMS IBG Insurance PE/VC/FII Distribu on Total

No. of co.s 4000 40 200 100 30 500 2000 6870

Fund Mgmt/

Analysis/

Dealing

200 120 50 150 30 100 200 850

Ins tu on

Sales

350 40 50 100 90 50 200 880

Retail-

Channel

Sales

2000 100 50 50 3000 0 1000 6200

Retail-DirectSales/FOS

5000 400 100 100 10000 0 5000 20600

Product /

Brand

100 20 20 10 60 0 200 410

Ops &

Services

300 80 100 50 90 50 200 870

Infotech 200 40 25 25 30 50 100 470

Accoun ng 300 20 50 50 60 100 200 780

Compliance/

Risk

100 20 25 50 30 50 100 375

Legal &

Secretarial

80 20 25 20 10 25 50 230

Total 8630 680 495 605 13400 425 7250 31665

* Es mates obtained from industry sources2


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Value Additionfrom PGPSM

Target Audience

Programme Architecture

By comple ng the PGPSM, students would be able to:

Abstract the building blocks of the securi es markets, understand

them conceptually, and develop the capability to design solu ons

that meet speci c requirements

Upgrade knowledge and skill sets necessary to perform the key

technical ac vi es in the securi es markets

Develop a well-rounded, complete understanding of securi esmarkets

The target audience includes:

Graduates and post-graduates aspiring for careers in securi es

markets

Execu ves seeking careers or career switches related to securi es

markets

Divided into four terms, the programme is a balanced blend of

theory and prac ce. These four terms lay emphasis on the following:

Conceptual Phase

Applica on Phase

Advanced Applica on Phase

Industry Interac on Phase

During the rst three terms, students are expected to study a total

of 18 courses/subjects of 1 full credit each. Each credit would mean

approximately 30 hours of classroom inputs. In the fourth term,

students are required to undertake an internship project with an

organiza on in the securi es industry.

This is a rigorous post graduate programme, leading to the award

of PGPSM. The programme is specially designed to raise theprofessional standards of students. The PGPSM will be awarded on

the basis of the students performance in the following components:

Pre-class reading and prepara on

Class par cipa on

Quizzes

Term papers/projects/assignments

Mid-term and end-term examina ons

Any other component of evalua on that the Ins tute may pre-

scribe from me to me

A student is expected to obtain the minimum passing grade of 50%

in each of the courses/credits listed above.

EvaluationCriteria

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Programme Design and Content

The programme is a blend of conceptual and prac cal inputs, using mul ple pedagogies. Par cipants will beprovided with research-based inputs, real life illustra ons and prac cal insights.

(NISM reserves the right to add, modify, merge or delete any of the above men oned courses/topics tobring the curriculum in line with contemporary requirements.)

Term IConceptual

Phase

Term IIApplica on

Phase

Term IIIAdvanced

Applica on Phase

Term IVIndustry

Interac on Phase

Economics Fixed Income Securi es Global Financial Markets Internship

Mathema cs Securi es Analysis &

Valua on

Regula on Theory &

Prac ce

Project Disserta on

Sta s cs Econometrics & Time

Series Analysis

Mergers, Acquisi ons &

Corporate Restructuring

Seminars

Financial Accoun ng &

Repor ng

Por olio Management Corporate Governance

Financial Ins tu ons &

Markets

Deriva ves & Risk

Management

Special Topics

Corporate Finance

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Placement Facilitation

NISM would try to facilitate suitable placementopportuni es for students on comple on of theprogramme. However, the Ins tute does not guarantee

any placement. Students successfully comple ng this

programme may nd placement opportuni es with

mutual funds, investment banks, brokerage rms,

banks, credit ra ng agencies, consul ng rms, stock

and commodity exchanges, equity research rms,

market regulators, and other market intermediaries

and ins tu ons. During placement season 2010-11, theins tute has elicited a favourable response from the

industry.

The placement process is currently on with many

companies already having visited and many more

planning to visit the campus in the next few weeks. The

following organisa ons have par cipated in campus

selec ons ll March 1, 2011 and have o ered jobs to

students:

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Asit C. Mehta Intermediaries Ltd. CARE Ra ngs

Capgemini

Darashaw & Co. Ltd.

ICRA Management Consul ng Services Ltd.

IRIS Business Solu ons Ltd.

JMN Investment Research Ltd.

JP Morgan

Many more organiza ons have evinced interest in visi ngNISM for campus recruitment during the next few weeks.

Some of these organiza ons include BNP Paribas Mutual

Fund, Markit, Indbank Merchant Banking, ICICI Bank

Ltd, Central Bank, and Copal Partners. The nal list of

companies that o ered jobs will be announced on our

website at the end of the placement process.


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Infrastructure

NISM Bhavan is an imposing structure, consis ng of

six oors. The Ins tute has high quality infrastructureconsis ng of classrooms, library, canteen and lounges

located on various oors of the building. NISM also has a

ne auditorium with a sea ng capacity of 80.

The hostel, NISM Niwas, also a 6-storey building, is located

about 2 Km from the Ins tute. It is meant for execu ves

who a end the execu ve educa on programmes of

NISM.

Awards andScholarships

The PGPSM student with the best academic performancewill be awarded the State Bank of India Medal. Accommodation

and ResidentialFacilities

NISM Niwas, located in Sector 14, Vashi is designed

to serve the needs of students who require hostelfacili es. There is 24-hour Internet connec vity. Indoor

games facili es are also available at NISM Niwas. The

hostel facility will be provided to a limited number of

students on twin-sharing basis, and on the basis of

availability. Rooms will be non-A/C. Preference for hostel

accommoda on will be given to outsta on students, in

par cular to outsta on lady students.

Library Students of PGPSM will have access to a library which

holds a collec on that is highly specialized in the area

of securi es markets. The library presently holds more

than 7,600 books. Through JSTOR, the library providesaccess to all the leading academic journals in Finance,

Economics, Business and Management. In addi on to

the above, the library subscribes to periodicals relevant

to the securi es markets.

PGPSM students would be provided library cards,

enabling them to take 2 books at a me, for a dura on

of one week. As regards prescribed text books, each

student would be provided a personal copy as part of the

study kit.Systems SupportThe Ins tute has access to a well-equipped LAN & WI-

FI 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 applica ons,

so ware packages on mathema cal, technical and

capital markets, and industry and company databases.

These include Bloomberg, Prowess, Alpha, and numericaltechnical packages such as SAS, SPSS, Matlab, WinRATS,

E-Views, etc.

Notebook Computer

Students are expected to purchase their own Notebook/

Laptop and carry it while a ending classes.

For more Informa on on PGPSM, admissionprocedure, educa onal loans, important dates

etc...see pg.10

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Prof. G. Sethu, O cer on Special DutyIn-Charge of NISMProf. Sethu has 33 years of experience in teaching,

research, advisory, and administra on. He received

his B.Tech (Honours) from the Indian Ins tute of

Technology (IIT), Kharagpur; his MTech from IIT, Madrasand a Doctorate in Management with specializa on in

Finance from the Indian Ins tute of Management (IIM),

Ahmedabad. He has served in the Indian Administra ve

Service (IAS) during 1981-1991 and was part of XLRI

Jamshedpur and the UTI Ins tute of Capital Markets. He

has also been a member of many commi ees formed

by SEBI and various industry and educa onal bodies. He

has served as board member on many companies. As

visi ng professor, he has taught Corporate Finance andInvestment Management to MBA students in various

ins tutes including IIM Ahmedabad, IIM Indore and IIT

Mumbai.

Prof. Sunder Ram Korivi, Dean(School for Securi es Educa on)Prof. Korivi is an MA (Economics & Poli cal Science)

and PhD (Business Policy & Administra on) from the

University of Mumbai. He is a Fellow of the Ins tute

of Chartered Accountants of India, Associate of the

Ins tute of Cost & Works Accountants of India and an

Associate of the Insurance Ins tute of India. A full- me

faculty member at SP Jain Ins tute of Management, he

later became a Professor at NMIMS University, where

he also served as the Head of Departments of Finance

and Economics and as the Dean of the School of Business

Management. He has also served on various Boards

of the University, viz., Board of Management, Advisory

Board, Planning & Monitoring Board and as the Convenerof the Academic Council. His interests are in the elds

of Financial Repor ng, Financial Ins tu ons & Markets

and Fixed Income Securi es. He has conducted policy-

Full- me/Adjunct Faculty

oriented research for the Central and State Governments.

An adjunct faculty at IIM Kozhikode, he has also lectured

at NIBM, NIA, NITIE and other ins tutes of na onal

importance. In addi on to authoring papers in na onal

journals and interna onal conferences, he has guided

and refereed PhD studies.

Dr. K Kiran Kumar, Assistant ProfessorDr. Kiran Kumar holds a PhD in Finance from the Indian

Ins tute of Science, Bangalore and an MA in Economics

from Hyderabad Central University. His research focuses

on Market Microstructure, Deriva ves, and Applied

Financial Econometrics. He has received ve Best Paper

awards in na onal and interna onal conferences and has

published ten research papers. He has delivered lecturesat several research workshops including SAS Workshop

for Researchers at Indian School of Business, Structural

VAR Models at RBI Sta College, and Econometrics

Workshop of Indian Econometric Society. Earlier, Dr.

Kiran Kumar was with the Centre for Analy cal Finance,

Indian School of Business as Senior Researcher and

Researcher at ICICI Research Centre, Chennai. At NISM,

in addi on to his teaching and research responsibili es,

Dr. Kiran Kumar is also the Programme Director of the

nine-month Cer cate in Financial Engineering and Risk

Management programme and is also associated with

the School for Securi es Informa on and Research in

building the Network for Securi es Market Data.

Dr. Poonam Mehra, Assistant ProfessorDr. Poonam Mehra holds a PhD from the Indira Gandhi

Ins tute of Development Research (IGIDR), Mumbai. She

has been a PhD scholar at University of Hamburg under

the European Unions Asia link Scholarship Programme(December 2006 - July 2008). She is a Gold medallist in

Economics (MSc) with specializa on in Econometrics and

Industrial Organiza on. Her teaching interests include

Academic Team

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Economics for Securi es Markets, Mergers & Acquisi ons,

Econometrics and Regula on in Securi es Markets.

Her research interests include Applied Econometrics,

Corporate Finance, Ins tu onal Economics and Applied

Game Theory. She has published papers in interna onal

journals and has presented her research work in several

interna onal conferences and workshops.

Dr Rachana Baid, Adjunct Associate ProfessorDr. Rachana Baid is an MCom (Gold medallist) and PhD.

She specializes in Financial Systems and Regulatory

Policy. She has undertaken consul ng assignments with

mul lateral agencies such as the World Bank and has

been a visi ng faculty at IIM Indore and SP Jain Ins tute

of Management. She has also served as an Assistant

Professor at the UTI Ins tute of Capital Markets, Mumbai

for about a decade.

Ms. Kavitha Ranganathan, Academic AssociateMs. Kavitha Ranganathan is an MPhil and a Post Graduate

in Commerce (Mumbai University). She is currently

pursuing a PhD from the Indira Gandhi Na onal Open

University, New Delhi. As an Academic Associate at NISM,

she is primarily associated with the School for Regulatory

Studies and Supervision, the Post Graduate Programme

in Securi es Markets (PGPSM) and research projects

at NISM. Prior to joining NISM, she was a ResearchAssociate at the Indian Ins tute of Management (IIM),

Bangalore. Her research interests are in Behavioural

Finance, Experimental Economics and Behavioural

Decision Making Approaches.

Ms. Shobana Balasubramaniam,Academic AssociateMs. Shobana Balasubramaniam is an Economics-Sta s cs

graduate from Mumbai University and an MSc inEconomics from Indira Gandhi Ins tute of Development

and Research. As an Academic Associate at NISM, she is

primarily associated with research projects, PGPSM, Test

Administra on, and development of content for NISMs

monthly newsle er, NISM Update.

Mr. Suneel Sarswat, Head of Analy csMr. Suneel Sarswat is an MSc in Sta s cs and Informa cs

from the Department of Mathema cs, IIT Bombay.

Before joining NISM, he worked on Financial Analy cs at

Bank of America. He has keen interest in Computa onal

Finance and is well versed in Visual Basic, C++, Matlab,

R, PERL and other programming languages useful in

Financial Engineering. He is engaged in vital projects

such as the applica on of neural networks in nancial

analysis, credit ra ngs and trading algorithms involving

pa ern recogni on.

NISM draws upon the best talent in academics and

industry to provide the nest learning environment.Some of the resource persons for PGPSM are:

Dr. Surendra SundararajanDr. Surendra Sundararajan, a Professor at MS Baroda

University, is an MA (Economics), LLB, MBA (Wisconsin),

and a PhD. He is an expert in Securi es Markets and Risk

Management & Deriva ves. He is also a visi ng faculty

at SP Jain Ins tute of Management and Great Lakes

Ins tute of Management.

Mr. B. VenkateshMr. Venkatesh is a CFA (USA) and FRM (GARP). He is

an expert in Securi es Analysis, Por olio Management

and Behavioural Finance. A former Editor (Financial

Markets) at Business Line (a Hindu Group) publica ons,

he is the Founder Director of Navera Consul ng, a rm

that specializes in por olio performance evalua on.

Previously, he has been a visi ng faculty at IIM Bangalore

and Great Lakes Ins tute of Management.

Dr. M. VenkateshwarluDr. Venkateshwarlu, MCom and PhD, is an Associate

Professor at Na onal Ins tute of Industrial Engineering

(NITIE). He is also the programme in-charge for the

CRISIL Cer ed Analyst Programme. His area of interest

is Financial Economics.

Dr. Kavitha LaghateDr. Kavitha Laghate, MSc (Sta s cs) and PhD, is an

Associate Professor at Jamnalal Bajaj Ins tute of

Management Studies, Mumbai. Her areas of interest are

Sta s cs and Quan ta ve Finance.

Dr. S. RachappaDr. Rachappa, MCom (Gold medallist) and PhD, specializes

in Financial Repor ng, Analysis and Forensic Finance. He

also has interests in the life insurance sector. He has won

several Best Young Researcher awards from the Indian

Accoun ng Associa on. He is currently an Associate

Professor at Narsee Monjee Ins tute of Management

Studies, Mumbai.

Visi ng Faculty


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Mr. Amit TrivediA BE and an MBA, Mr. Amit Trivedi has worked with

Franklin Templeton MF and JM Financial. He is an expert

in the eld of Personal Financial Planning, Wealth

Management and Financial Advisory Services.

Mr. Ni n TikeMr. Ni n Tike is a BSc and an MBA with over 20 years of

experience in the securi es markets, including a s nt at

India Infoline.

Mr. Akhlaque AhmedMr. Akhlaque Ahmed is an MSc (Mathema cs) from

Aligarh Muslim University and an MPhil from the

University of Mumbai. He is associated with the BSc

programme of the London School of Economics &

Poli cal Sciences conducted at Mumbai. His areas of

interest include Financial Mathema cs and Quan ta ve

Finance.

Mr. B. RenganathanMr. Renganathan is a Cost Accountant and Fellow of the

Ins tute of Company Secretaries of India. He is Group

Vice President Compliance and Legal, at Edelweiss. Hisareas of specialisa on are Corporate Laws, Securi es

Markets Regula on and Mergers & Acquisi ons.

Mr. Sundar SankaranMr. Sundar Sankaran is a Cost Accountant and an MBA

from IIM Ahmedabad. He has extensive experience in

the eld of investments, including a s nt with the Kotak

Group. He is also an author of several books on Mutual

Funds.

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Eligibility Criteria

Minimum qualifca on: A bachelors degree from a recognised Indian university

or equivalent with a minimum of 50% in aggregate.

Age:There is no age limit for the programme, but it is desirable

that the candidate is below 30 years of age.

Online Test

Candidates are required to appear for an online test.

The dura on of the test would be 120 minutes and the

maximum marks are 100. The online test would a empt

to assess the following a ributes of a candidate:

1. Quan ta ve Ap tude - 40%

2. Analy cal and Reasoning Skills - 25%

3. Language Pro ciency - 25%4. General Knowledge of Financial Markets - 10%

Each ques on would be a mul ple choice ques on

with four choices. Each correct answer would carry one

mark. There would be nega ve marking of 0.25 for every

wrong answer.

An applicant is required to register for the online test

at a test centre in select ci es and towns as would

be indicated on the NISM website. The test will be

conducted on April 24 (Sunday), 2011. For guidance on

choice and availability of online test centre, kindly refer

to the following sec on on test centres.

All candidates are required to carry ANY ONE of the

following as proof of iden ca on:

PAN card

Driving License

Passport Voter ID card

College Student Iden ty Card, current and valid OR

Employer Iden ty Card, current and valid

Admission Procedure

The student should provide the proof of iden ca on

to the test administrator on demand. NISM reserves theright to seek addi onal iden ca on details, if necessary.

Ci es and Towns where the test is likely to beconducted:

The online tests would be carried out in the following

ci es/towns: Ahmedabad, Bengaluru, Bhubaneswar,

Chennai, Goa, Secunderabad, Indore, Jaipur, Kolkata,

Kochi, Lucknow, Mumbai, New Delhi, Patna, Ranchi,Faridabad, Chandigarh, Surat, Gurgaon, and Pune.

If the registra ons at any centre exceed the capacity or

falls well below the capacity of the test centre, NISM

reserves the right to shi the candidates to another test

centre and the same would be in mated to the respec ve

candidates by NISM. Candidates are required to report at

the test centre so in mated at the appropriate date and

me for taking the online test. For further details, visit

the website, www.nism.ac.in/pgpsm

Personal Interview

Candidates will be shortlisted on the basis of marks

obtained in (1) Pro le and (2) Performance in the Online

Test for a personal interview. The shortlisted candidates

will be in mated through email and/or le ers. Personal

interviews are likely to be held at Bengaluru, Chennai,

Hyderabad, Kolkata, Mumbai and New Delhi duringMay 7-22, 2011. NISM will in mate the exact date, me

and venue for the personal interview to the shortlisted

candidates.

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No. Criteria Weight

1 Pro le

a) Academic Quali ca on/Performance -10%

b) Work Experience 10% 20%

2 Online Test 30%

3 Essay 10%

4 Personal Interview 40%

Selec on Procedure

The nal selec on of the candidate will be based on the

following criteria and weights, totalling to 100 points:

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All expenses related to appearing for the online test and

personal interview shall be borne by the candidate. The

Ins tute will not bear or reimburse any expenditure in

this regard.

The Ins tute reserves the right to postpone or cancel

the dates of the online test and/or personal interview.Also, the Ins tute reserves the right to modify/change or

cancel any test centre and/or personal interview centre.

Candidates are also advised to visit the Ins tutes website

for any updates and other informa on.

The maximum class strength will be 50 students. NISM

reserves the right to increase or decrease the number,

depending on the quality of the applica ons received for

considera on. Hostel accommoda on may be o ered to

a few students depending upon availability.

Announcement of Selected Candidates

The rst list of selected candidates will be displayed

on the Ins tutes website on May 25, 2011. Selected

candidates would be required to pay the rst instalment

of fees (see table of fees) on or before June 09, 2011.

Provisional admission o ered to selected candidateswho do not pay the commitment fee on or before the

s pulated date would automa cally stand cancelled.

The second list of selected candidates will be announced

on the Ins tutes website on June 10, 2011 subject to

availability of seats. Selected candidates in the second list

would be required to pay their tui on fees and complete

all formali es before June 17, 2011. If a candidate does

not complete the formali es within the date speci ed,the admission would automa cally stand cancelled.

Sponsored Candidates

Sponsored candidates are those whose applica on

forms are forwarded to NISM through their respec ve

employers, being eligible organiza ons, 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 organiza ons would include i) Government

Departments; ii) Public companies or Trusts registered

with SEBI; iii) Banks/NBFCs recognized by RBI; and iv)

Public Sector Undertakings.

A maximum of ve seats are reserved for sponsored

candidates. However, the sponsored candidates have to

par cipate 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 o ered to other candidates.

Sponsored candidates are not allowed to par cipate in

campus placement process.

Documenta on

Candidates shortlisted for the interview would have to

show originals and submit self-a ested photocopies of

the following documents at the me of interview:

1. Gradua on/Post Gradua on cer cate issued by the

university/ins tute

2. Statement of marks of gradua on/post gradua on ex-

amina on issued by the university/ins tute

3. Date of Birth cer cate (i.e., S.S.C., School Leaving

Cer cate or Birth Cer cate issued by the Municipal/

Local authority)

4. Experience cer cate from the employer, if applicable

Fees and Deposits

The details of the fees, refundable deposits and non-

refundable charges payable to the Ins tute towards the

one-year PGPSM are as follows:

Fees

The total fee is Rs.2,00,000 (Rupees Two Lakhs only) forthe en re year. The fee is non-refundable. Students who

fail to pay the fee on me could face a penalty or could

be barred from a ending classes.

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The break-up of the fee is as under:

No. Par culars Fee Amount (Rs.)

1 Tui on Fee 1,80,000

2 Examina on Fee 10,000

3 Library Fee 10,000

4 Total 2,00,000

Refundable Deposits#In addi on, the admi ed students are required to pay refundable deposits, subject to

terms and condi ons as detailed below:

No. Par culars Amount (Rs.)

1 Library Deposit 10,000

2 Hostel Room Deposit * 10,000

Non-Refundable ChargesThe students are also required to pay the following charges which are non-refundable.

No. Par culars Amount (Rs.)

1 Alumni Associa on 2,000

Fund (Annual)

2 Double Occupancy 3,000

Charges per Month*

3 Boarding Charges To be paid at actual

Monthly*

4 Lunch & Tea charges To be paid at actual

per Month **

*Applicable for students availing of hostel facility. All hostel rooms are non-A/C.

# Deposits are refundable subject to adjustment of any dues from the students.

*Applicable for students availing of hostel facility. These are paid separately and directlyto the care-taker in cash every month.

** Applicable to day-scholars only.

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Educa onal Loan

The Ins tute facilitates students in securing educa onal

loans. At present, the Ins tute has arrangements to direct

applicants to Credila and HDFC Bank. Arrangements with

more ins tu ons are underway.

It is to be understood that NISM does not recommend or

guarantee the loans.

In the event of any delay in securing loans, students have

to arrange for their own funds to pay all the fees, deposits

and charges as per the payment schedule provided at the

me of joining the programme. However, on a later date,

if the loan is secured, the amounts paid by the student

will be refunded without any interest on receipt of the

amounts from the en ty that has o ered the loan to the

student.

Online Registra on Prospectus and OnlineApplica on

The Prospectus can be downloaded from the website

www.nism.ac.in/pgpsm. The candidate can register

online by making a payment of Rs. 1,000, electronically

(non-refundable). Please visit the website(www.nism.ac.in/pgpsm) for complete details.

Last date for Online Registra on

The last date for online registra on is April 18, 2011.

Please DO NOT forward copies of any cer cate along

with applica on form.

Hall Ticket

Upon comple on of formali es of online registra on

and payment, the hall cket would be generated and

displayed on the screen. The candidate is required to take

a print of the hall cket and a x a self-a ested passport-

sized photograph on the hall cket. The printed copy of

the hall cket with photo a xed should be produced

when the candidate arrives at the test centre to take the

online admission test.

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Important Dates

Enquiries

All enquiries may be mailed to [email protected]. It is hereby clari ed that no candidate seeking admission

to PGPSM shall make any a empt to in uence theselec on process. Candidates a emp ng to in uence

the selec on process would be debarred.

Force Majeure

The Ins tute reserves the right to postpone or cancel the

dates of online test and/or personal interview. Also, the

Ins tute reserves the right to modify/change or cancel

any test centre and/or personal interview centre.

Candidates are also advised to visit the Ins tutes website

for any updates and other informa on regularly.

Please Remember

Last date for Online Registra on is April 18, 2011

Recent Photographs have to be uploaded for Online

Registra on

Date for Online Test is April 24 , 2011

Please visit the website www.nism.ac.in/pgpsm forfurther updates and informa on

April

18 Last date for OnlineRegistra on

May May

7

10

22

22 Personalinterviews

June

June

Announcement of second list of selectedcandidates

Inaugura on of the

programme

Commencement of

programme

April

24Online test

May

25

17

23

Announcement of rst list of selected

candidates

June

June

Payment of fees by

second list of candidates

May

4 Announcement of online test results

June

9

22

Payment of fees by rst

list of candidates

June

Last date of comple ngall formali es andregistra on

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All correspondence may be addressed to:

PGPSM Admissions O ce

Na onal Ins tute of Securi es Markets

Plot no. 82, Sector 17, Vashi, Navi Mumbai 400 705, India

Tel: 022 66735100-06 (Board) | Fax No: (022) 66735110

Email: [email protected]: www.nism.ac.in/pgpsm

16

Recruiter - Nosheen Khan,VP Marke ng - Markit, London

...very impressed with the calibre of candidates;

we are quite keen to continue the relationship.


24/24

Na onal Ins tute of Securi es MarketsNISM Bhavan, Plot no. 82, Sector 17,Vashi,Navi Mumbai 400 705, India.Tel: 022 66735100-06 | Fax No: (022) 6673 5110Website: www.nism.ac.in

Apply ONlINE:www.nism.ac.in/pgpsm

pgpsm prospectus 2011-12

Documents