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(NISM)

The National Institute of Securities Markets (NISM) is a public trust established in 2006 by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The institute carries out a wide range of capacity building activities at various levels aimed at enhancing the quality standards in securities markets.

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About Post Graduate Program in Investments & Securities Markets (PGPISM)

PGPISM is a one-year residential program, where the students get exposure to varied subjects and verticals of investments and 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 etc., benchmarked with the best and contemporary texts. 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. PGPISM students are positioned to take up a wide range of roles and responsibilities, such as Analysts, Investment Managers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, Wealth Managers, etc.

For Whom?

Participants with a passion for securities markets, and a willingness to immerse themselves over one year in in-depth knowledge will find the PGPISM program as an ideal platform to launch their long-term career in the corporate world, financial and securities markets. This program is suited for fresh graduates as well as experienced candidates.

The one-year PGPISM is an ideal platform for those with a passion for financial/securities markets, aspiring for in- depth knowledge and a long-term career in these and related areas. Graduates from various disciplines, such as Commerce & Accounting, Management, Economics, Law, Mathematics, Statistics, Engineering, etc. will develop their analytical capabilities, together with practical insights, in this PGPISM Program, for taking leadership roles in the financial/securities markets domain.

Where does the PGPISM Lead To?

PGPISM can lead the successful participants to the following career pathways:

  • Segments: Equity Markets, Debt Marƒets, 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
  • 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
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Program Architecture

The program is divided into the following four Trimester.

Trimester – I (FOUNDATION)

PGPISM 2026-27 (Batch-II)
Course CodeCourse TitleTeaching Hours
101Financial Institutions and Markets45
102Securities Operations and Market Infrastructure Institutions45
103Economics for decision making45
104Corporate Finance and Securities Markets45
105Quantitative Tools and Techniques45
106Financial Reporting and Analysis45
107Business Communication and Corporate Etiquette30
Total Credits300

Trimester – II (ADVANCED)

PGPISM 2026-27 (Batch-II)
Course CodeCourse TitleTeaching Hours
201Banking and Treasury Management45
202Fixed Income Securities45
203Derivatives Risk Management45
204Equity Analysis and Valuation45
205Corporate Allied Laws45
206Forex and Commodities Markets45
Total Credits270

Trimester – III (APPLICATION)

PGPISM 2026-27 (Batch-II)
Course CodeCourse TitleTeaching Hours
301Securities Markets Regulations45
302Financial Modelling and Research Report Writing45
303Investment Management45
304FinTech & Analytics in Financial Markets45
305Alternative Investments45
306Marketing of BFSI Products45
Total Credits270

# For each teaching hour, students are required to put in minimum 2 additional learning hrs.

Trimester – IV

PGPISM 2026-27 (Batch-II)
Course CodeCourse TitleTeaching Hours
401Trimester IV: Industry Project/Any of the three Optional NISM Certification Exams from the list mentioned below0

NISM Certifications across the four terms:

Mandatory NISM Certifications

Sl. No.Name of the Certification Exam
1NISM-Series-VII: Securities Operations and Risk Management- First Term
2NISM-Series-V-A: Mutual Fund Distributors – First Term
3NISM-Series-XV: Research Analyst – Second Term
4NISM-Series-VIII: Equity Derivatives – Second Term

Optional NISM Certifications in the Fourth term

Sl. No.Name of the Certification Exam
1NISM-Series-I: Currency Derivatives
2NISM Series-IX: Merchant Banking
3NISM-Series-X-A: Investment Adviser (Level 1)
4NISM-Series-XIII: Common Derivatives
5NISM-Series-XVI: Commodity Derivatives Certification Examination
6NISM Series-XII: Securities Markets Foundation Certification Examination
7NISM-Series-XXI-A: Portfolio Management Services
8NISM-Series-X-B: Investment Adviser (Level 2)
9NISM-Series-XIX-A: Alternative Investment Funds (Category I and II) Distributors
10NISM-Series-XIX-A: Alternative Investment Funds (Category III) Distributors
11Any other NISM Certification depending on the requirements

Important points:

Students need to complete all the above mandatory certifications within the deadlines indicated in the program calendar. The examination fees for the aforementioned mandatory certifications will be borne by the individual candidates.

Learning Environment and Pedagogical Approach

The pedagogy of this program will be practice-oriented with the 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 a learner-centric approach using various pedagogical tools including case studies, and hands-on training on widely used databases and software like, Bloomberg, Prowess, and others. 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, industry leaders and experts. Students will gain inputs and industry insights from a team of academicians, market experts, and policymakers. There will also be regular interactions with practicing professionals.

The learning environment is further stimulated by an 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

The Institute also organizes visits to exchanges/depositories/market intermediaries etc. providing exposure to the industry paradigm. NISM also invites a number of practitioners from the industry to interact with the participants to share their experiences. These platforms provide opportunities for the participants to develop keen insights into Industry practices and nuances.

Bloomberg Terminal

Participants will have an opportunity to get hands-on experience in financial data analysis and market research. The Bloomberg terminal, which is widely used by financial professionals around the world is available at the NISM library. Students learn to navigate the Bloomberg platform, access real-time financial data, and perform in-depth analysis of market trends and securities.

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. Through Science-Direct, 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 72 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 classrooms, a modern auditorium, and a vast amphitheater. 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 a swimming pool, squash court, gymnasium with modern equipment, table tennis, badminton halls, yoga hall, cafeteria etc., The recreation blocks pose a refreshing environment offering a balance to the academic rigor of the program.

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Selection Procedure

Stage I Online Registration for PGPISM Admission 2026-27 (Batch-II), NISM

  • (i) NISM invites online applications for admission to the PGPISM 2026–27 (Batch-II).
  • (ii) Registration will start on December 30, 2025 (1730 Hrs.) and the last date of online registration will be on April 03, 2026 (2359 Hrs).
  • (iii) Candidates need to create their Login ID (USERNAME & PASSWORD) for online registration at https://apply.nism.ac.in/pgpism-application-form. Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
  • (iv) Candidates need to submit an application/admission data form along with a non-refundable registration fee of Rs. 500/- (Rupees Five Hundred Only).
  • (v) Applications in any other mode will not be accepted.

Stage II Eligibility cum Shortlisting Criteria

Interested applicants who fulfil the below-mentioned eligibility criteria are required to register for the PGPISM 2026-27 (Batch-II) via the registration link https://apply.nism.ac.in/pgpism-application-form.

Applicants for admission to the programme will be shortlisted on the basis of their scores in ANY of the following entrance examinations:

Educational QualificationsShortlisting Criteria
Eligibility Criteria:

To apply for the Post Graduate Programme in Investments and Securities Markets (PGPISM), applicants must meet at least one of the following eligibility pathways:

I. Academic Qualification + Work Experience (Primary Route) – A

  • • A Three-Year Bachelor’s Degree (in any discipline excluding performing arts) from a recognised university
  • AND
  • • A minimum of 2 years of full-time work experience after graduation at Junior Management cadre in a Corporate or BFSI (Banking, Financial Services and Insurance) organization. Hence the candidate applying for Batch 2026 must have completed the graduation in the year 2024 or before.

Academic Qualification + Work Experience (Primary Route) – B

  • • A four-year Bachelor’s degree (in any discipline excluding performing arts) from a recognised university
  • AND
  • • A minimum of 1 years of full-time work experience after graduation at Junior Management cadre in a Corporate or BFSI (Banking, Financial Services and Insurance) organization. Hence the candidate applying for Batch 2026 must have completed the graduation in the year 2025 or before.

II. Academic Qualification (Advanced Route)

  • • A Master’s Degree (in any discipline excluding performing Arts) or 5/6 year Integrated LLB (BA/BCom/BBA/BTech – LLB) from a recognised university.
  • • Work experience preferred but not mandatory.

III. Academic Qualification + Professional Certification (Professional Route)

  • • Work experience preferred but not mandatory.
  • AND
  • • Any one completed recognized professional certification or degree:
    • • CA (Intermediate Level)
    • • CMA (Intermediate Level)
    • • CS (Executive Level)
    • • CFA (Level -1)
    • • FRM (Part -1)
    • • CFP (Level-1)
    • • CTP
    • • CMT (Level-1)
    • • LLB
Selection to the program will be through the screening of applications based on applications based on Academic Records including professional experience/qualification. Shortlisted candidates will be called for an online Personal interview (PI).

Note:

  • (i) Work experience should be full-time one or two years (12 or 24 Months) as applicable, after completion of graduation on the date of application.
  • (ii) Professional certifications should be cleared as level mentioned on the date of application.
  • (iii) Candidates who are likely to complete Post-Graduation, 5/6 year Integrated-LLB, LLB, BE/BTech or equivalent before the 01st of June, 2026 may also apply, subject to meeting the minimum eligibility criteria. If selected, such candidates will be offered admission to the programme provisionally. At the time of registration for the programme, such candidates must produce X and XII and Graduation, 5/6 year Integrated-LLB, LLB, BE, BTech mark sheets (securing minimum 50% marks) along with school leaving certificate/migration certificate, failing which the candidate’s admission offer may stand cancelled.

Stage III Online Personal Interview (PI)

  • (i) Shortlisted candidates from Stage-II will appear in Stage-III i.e Online Personal Interview (PI).
  • (ii) All shortlisted candidates will be informed by Email or download their call letters to appear in the Online Personal Interview. All the required details like date, time and other guidelines will be mentioned in the call letter.
  • (iii) Eligible candidates will receive an Email for the Online Personal Interview process for PGPISM Admissions 2026-27 (Batch-II).

Stage IV Final Selection List Based on Entrance Score, Online Personal Interview & Diversity Scores

  • (i) The offer of admission to the candidate will be made strictly on the basis of merit/ rank list.
  • (ii) The Merit List will be generated based on the valid composite score of Online Personal Interview (PI), Past Academics, Work Experience and Gender Diversity. The merit list for the admissions is prepared as per the weightage given below:
ComponentWeightage (%)
Personal Interview (PI)60
Past Academics (Xth / SSC) or Equivalent Examination10
Past Academics (XII / HSC) or Equivalent Examination10
Past Academics (Graduation, LLB, BE, BTECH)10
Work Experience10
Total100

Stage V Provisional Admission to PGPISM 2026-27 (Batch-II).

  • (i) Only selected candidates will receive a provisional offer letter for admission from apu@nism.ac.in on their registered email ID shortly after the declaration of the merit list. A candidate receiving an admission offer from NISM and accepting the offer within the stipulated date needs to deposit Rs. 2,82,490/– as the OAA
    i.e. Offer Acceptance Amount (or as mentioned in the Offer Letter).
  • (ii) An automated receipt and a text message of the transaction will be shared by the associated bank on the registered email id/ mobile no. of the candidate.
  • (iii) On acceptance of the admission offer and payment of OAA, the candidate will receive his/her confirmation letter for provisional admission to PGPISM 2026–27 (Batch-II) on his/her registered email ID. The paid OAA will be adjusted with the First Year Programme Fee. Such candidates will be required to pay the 1st instalment of the First Year Programme Fee (as mentioned in the confirmation letter). If a candidate fails to pay the 1st instalment of First Year Programme Fees by the stipulated date mentioned in the admission confirmation letter, the seat will be cancelled.
  • (iv) The fee structure for PGPISM 2026–27 (Batch-II) is appended below
Fee Structure of PGPISM 2026-27 (Batch- II)
Particulars1st Installment2nd Installment
Tuition Fee1,10,0001,10,000
Lab and Library Fee15,00015,000
Exam Fee10,00010,000
Student Welfare6,000–
Total Fee1,41,0001,35,000
GST @ 18%25,38024,380
Alumni Fund2,000–
Total Program Fees (A)*1,68,3801,59,300
Library Deposit – Refundable (B)10,000–
Total Fees Including Refundable Deposits (A + B)1,78,3801,59,300
Gross Total3,37,680
Due DateWithin ten days of receiving the Admission Offer LetterNovember 01, 2026

Stage VI Reporting for joining the PGPISM 2026-27 (Batch II).

  • (i) Final selected candidates who have deposited OAA and got a confirmation letter for provisional admission will be required to report physically (on the stipulated date and time) on the Institute campus for registration, followed by physical verification of educational documents and other testimonials as per checklist shared on later stage.
  • (ii) The Academic Session will tentatively begin from June 01, 2026.
  • (iii) The hostel room allocation to the candidate will be done on a sharing basis. Hostel rooms for the DAP candidates will be arranged on the ground floor or first floor (preferably). The fee structure for Accommodation and Dining Fee for the PGPISM 2026-27 (Batch-II) is provided below
Accommodation and Dining Fee of PGPISM 2026-27 (Batch- II)
ParticularsFirst InstalmentSecond Instalment
Accommodation Fee57,00057,000
GST @ 5%2,8502,850
Dining Fee35,00035,000
GST @ 5%1,7501,750
Total Accommodation and Dining Fee (A)96,60096,600
Hostel Deposit – Refundable (B)10,000–
Total Fees Including Refundable Deposits (A + B)1,06,60096,600
Gross Total2,03,200
Due DateWithin ten days of receiving the Admission Offer LetterNovember 01, 2026

# AC accommodation on a twin-sharing basis. Centralized AC will be available between 9:00 pm to 06:00 am only.

Note: Students are required to vacate the hostel during the internship period. Accordingly, hostel charges for this period have been excluded from the above fee. In case a student wishes to stay in the campus during the internship period, he/she has to bear additional charges for the same.

Note:

  • (i) Comfortable hostel accommodation, separate for boys and girls, is available in the campus.
  • (ii) Hostel Fee (Accommodation and Dining Charges) once paid by a student will not be refunded under any circumstances
  • (iii) The hostels are well equipped with all the modern amenities and are under the charge of caring and experienced Wardens.
  • (iv) NISM Dining Hall and Cafeteria: A spacious well lit and well ventilated cafeteria in the campus serves sumptuous and healthy food to the students. The variety of dishes which are both healthy and tasty and are crafted by a team of professional dieticians to ensure a well-balanced diet.
  • (v) NISM Recreational Facilities: NISM has a world class sports complex and extensive sports facilities. NISM offers ample opportunities to students for a regular work-out and lifestyle management by providing a host of excellent sports facilities. It has facilities for games like cricket, basketball and volleyball as well as indoor games like chess, carom, table-tennis, badminton, etc. A Gymnasium and a swimming pool is also available for students to enhance their fitness levels.
  • (vi) Medical Facilities: NISM provides Student Safety Insurance and a visiting doctor within the Campus. Ambulance facility (on call) is available in the Campus in case of any emergency.
  • (vii) Laundry facilities are available on payment basis at our campus.

Refund Policy PGPISM 2026-27 (Batch-II).

(i) The last date for any withdrawal of provisional admission will be ‘On or before the Registration’ (online/ on campus, as the case may be). The entire fees received from the student, after deduction of the processing fee of Rs. 1000/- (one thousand only), will be refunded to the candidate by the mode of bank transfer to the candidate’s own savings bank account provided by the candidate. The refund requests will be accepted only through the institute’s admission portal, i.e. https://apply.nism.ac.in/pgpism- application-form

Sr. No.Refund AmountPoint of Time When Notice of Withdrawal of Admission Is Served to the Institute
01The fee paid will be refunded after a flat deduction of Rs. 1,000/-Before commencement of the programme or June 01, 2026 whichever is earlier
02The fee paid will be refunded after a flat deduction of Rs. 10,000/-After June 01, 2026 and the vacant seat is filled by another student from wait list.
03The student will not be eligible for any refund, except the refund of the refundable deposits included in the feesAfter commencement of the programme or after June 01, 2026, and the seat remained vacant.
  • (ii) Refunds will be made within 60 days from the date of commencement of the program i.e from June 01, 2026. Please provide your own (i.e. candidate’s) correct banking details (Beneficiary Name, Saving Bank Account Number, Bank Name, IFSC code, PAN, Cancelled Cheque copy) through the institute’s admission portal i.e. https://apply.nism.ac.in/pgpism-application-form
  • (iii) The institute takes no responsibility in case the banking details provided by you are erroneous. Refund request(s) received from any other mode apart from the above-mentioned institute’s admission portal will not be considered under any circumstance. No refund requests will be entertained after registration or the date and time mentioned in the offer letter for provisional admission.

Note:

  • (i) The above mentioned admission criteria, terms and conditions are subject to change at the discretion of NISM.
  • (ii) The information in this document is applicable only for the admissions cycle PGPISM 2026-27 (Batch-II). NISM reserves the right to change, modify or adopt any new admission process that it deems necessary at any point.
  • (iii) Any dispute concerning Admission for the PGPISM 2026-27 (Batch-II) would be subject to the jurisdiction of the competent courts within the territorial jurisdiction of the city of Mumbai only..
  • (iv) You will receive all admission offers in the form of a letter duly signed by the Academic Program Unit of NISM sent from apu@nism.ac.in. Any offer received from any other email is completely invalid and is not official. All admissions to NISM are provisional till you have completed all formality upon reporting to the institute.
  • (v) If at any point of time it is found that the information provided by the candidate is false, incorrect, or misrepresented ,the admission offer will stand cancelled.

Our Past Recruiters

Alumni

Over a period of time, NISM has created a cadre of over 2000 securities markets professionals. The alumni of NISM are placed in various organizations including Market Infrastructure Institutions, Analytic Firms, Rating Agencies, Stock Brokers, Asset Management Companies, Investment Banks, Banks, Wealth Management Firms, etc.

Important Dates

Online Applications OpenDecember 30, 2025 (1730 Hrs)
Last Date for Submission of Online ApplicationApril 03, 2026 (2359 Hrs)
Announcement of Call for Online Personal InterviewsApril 10, 2026 (1730 Hrs)
Date of Online Personal InterviewsApril 14-19, 2026
Announcement of First Selection ListApril 27 2026 (1730 Hrs)
Announcement of Second Selection ListMay 11, 2026 (1730 Hrs)
Student Orientation and Document VerificationMay 31, 2026 (1100 Hrs)
Academic Session BeginsJune 01, 2026

*The Institute reserves the right to change, amend program structure, admission process and fees as when it deems fit.

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Dr. Rachana Baid

Dr. Rachana Baid

Professor, Dean & HOD - CCB (Academics)

Dr. Kirti Abhijeet Arekar

Dr. Kirti Abhijeet Arekar

Professor, CCB (Academics)

Dr. Dhiraj Jain

Dr. Dhiraj Jain

Professor, CCB (Academics)

Dr. Rajesh Kumar

Dr. Rajesh Kumar

Professor, CCB (Academics)

Dr. Jatin Trivedi

Dr. Jatin Trivedi

Associate Professor, CCB (Academics)

Dr. Kapil Shrimal

Dr. Kapil Shrimal

Associate Professor, CCB (Academics)

Mr. Vivek Dhandapani

Mr. Vivek Dhandapani

Associate Professor of Practice, CCB (Academics)

Dr. Amol Agrawal

Dr. Amol Agrawal

Associate Professor, CCB (Academics)

Dr. Mohd Meraj Inamdar

Dr. Mohd Meraj Inamdar

Assistant Professor, CCB (Academics)

Dr. Shreyas Vyas

Dr. Shreyas Vyas

Assistant Professor, CCB (Academics)

Mr. Madhav Mehta

Mr. Madhav Mehta

Adjunct Faculty

Mr. Vijay Kanchan

Mr. Vijay Kanchan

Adjunct Faculty

Mr. Amit Trivedi

Mr. Amit Trivedi

Adjunct Faculty

Mr. Rajesh Krishnamoorthy

Mr. Rajesh Krishnamoorthy

Adjunct Faculty

Ms. Shilpa Wagh

Ms. Shilpa Wagh

Adjunct Faculty

Mr. Sunil Madhusudan Gawde

Mr. Sunil Madhusudan Gawde

Adjunct Faculty

Post Graduate Program in Securities Markets

The National Institute of Securities Markets (NISM) cordially invites esteemed recruiters to participate in the Campus Placement Drive for the Post Graduate Programme in Securities Markets (PGPISM) – Batch 2025–26.

NISM has a distinguished record of developing professionals with comprehensive knowledge of financial markets, robust analytical abilities, and a strong understanding of the regulatory framework. Our graduates are well-prepared for diverse roles across investment banking, asset management, risk management, compliance, trading, and fintech, etc.

We look forward to your valued participation in the upcoming placement season and fostering mutually beneficial industry-academia collaboration.

Contact for Placement:

1. Reshma Shaikh, Sr. Manager
Mobile: 8976414697 | Email:reshma.shaikh@nism.ac.in

2. Nikhil Shinde, DGM
Mobile: 8080969596 | Email: nikhil.shinde@nism.ac.in

3. Placement Office
placement@nism.ac.in

Executive Summary

The campus placement drive for the PGPISM program at NISM was conducted at the Patalganga Campus, attracting participation from over 24 companies. Out of a batch of 62 students, 60 chose to take part in the placement process and 62 students received offers across various roles.

Salary PackagesCTC
Maximum14 LPA
Average8 LPA

The salary package (CTC) comprises of fixed, variable and allowances offered by the company.

Major Recruiters

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