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 (2021-2022) | ||||||
|---|---|---|---|---|---|---|
| 1 | Trimester I | 6 | 18 | – | 18 | |
| 2 | Trimester II | 6 | 18 | – | 18 | |
| 3 | Trimester III | 6 | 18 | – | 18 | |
| Summer Internship (Summer 2022) | ||||||
| Summer Internship | 06 | 06 | ||||
| Second Year (2022-2023) | ||||||
| 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 (2021-2022) |
|---|
| 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 |
| 106 | Excel Skills for Management | 30 | 3 |
| 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 | Organisation Behaviour and Management | 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 | Research Methods and Data Analytics | 30 | 3 |
| 305 | Derivatives & Risk Management I | 30 | 3 |
| 306A | Business Communication II | 15 | 1.5 |
| 306B | Mutual Funds | 15 | 1.5 |
| Summer Internship (Summer 2022) |
|---|
| Summer Internship | 6 |
| Second Year (2022-2023) |
|---|
| 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 | Forex Markets and International Finance | 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 |
| 601 | Business Ethics and Corporate Governance | 30 | 3 |
| 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 the mandatory certifications within the deadlines indicated by the Program office.
- For those students who successfully pass the certifications within the deadlines, the institute will reimburse the certification fees to students. The reimbursement will be in form of adjustment against the future program fee installments.
- If any student fails in the certification attempt, no fee will be reimbursed for such attempt. Also, if the student appears for the certification after the deadline, no fee will be reimbursed for that attempt as well.
- A student will earn 6 program credits (as part of Course ‘604 Professional Certifications’) on successful completion of all six mandatory certifications. Also, the evaluation and grading for Course ‘604 Professional Certifications’ would be done on the basis of a student’s score and performance in all the mandatory certifications.
- Passing all six certification exams, identified above, is mandatory for students to participate in the Final Job placements at campus. Also, passing all these six certifications is one of the mandatory requirements for the award of the PGDM (SM) degree.
| 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 Other area(s), as needed, based on the industry feedback and contemporary developments
|
Fee Structure
|
Fee Structure of PGDM (SM) for Non-Residential Students |
||||
| Particulars |
First Instalment |
Second Instalment |
Third Instalment |
Fourth Instalment |
|---|---|---|---|---|
| Tuition fee |
1,25,000 |
1,20,000 |
1,25,000 |
1,20,000 |
| Books, Study Material etc. |
10,000 |
10,000 |
10,000 |
10,000 |
| Exam fee |
5,000 |
5,000 |
5,000 |
5,000 |
| Library Deposit* |
10,000 |
– |
– |
– |
| Alumni fund |
2,000 |
– |
– |
– |
| Sub-total |
1,52,000 |
1,35,000 |
1,40,000 |
1,35,000 |
| Due Date |
15-June-2021 |
01-Jan-2022 |
15-Jun-2022 |
01-Jan-2023 |
| TOTAL |
5,62,000 |
|||
| Refundable | ||||
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 | Percentage of Refund of Aggregate fees | Point of time when notice of withdrawal of admission is served to the Institute |
|---|---|---|
|
1. |
100% less Rs.1,000/- | Before commencement of the programme or June 30th every year whichever is earlier |
|
2. |
Less Rs. 10,000/- of full fee including refundable deposits | After June 30th of every year and the vacant seat is filled by another student from the waitlist. |
|
2 |
0% except for refundable deposits | After commencement of the programme or after June 30th of the academic year and the seat remained vacant. |
Hostel Fees
| Particulars |
First Instalment |
Second Instalment |
Third Instalment |
Fourth Instalment |
|---|---|---|---|---|
| Hostel Charges |
30,000 |
25,000 |
30,000 |
25,000 |
| Food Charges |
31,500 |
31,500 |
31,500 |
31,500 |
| Hostel Deposit* |
10,000 |
– |
– |
– |
| GST on Food |
1,575 |
1,575 |
1,575 |
1,575 |
| Sub-Total |
73,075 |
58,075 |
63,075 |
58,075 |
| Due Date |
15-June-2021
|
01-Jan-2022 | 15-Jun-2022 | 01-Jan-2023 |
| Total | 2,52,300 | |||
*Refundable
# Twin Occupancy non AC accommodation
The students have an option to upgrade the accommodation in three different types subject to payment of incremental fee for upgraded accommodation and subject to availability. The Annual Charges for the upgraded rooms is as under.
| Hostel Fee | Occupancy | Charges (INR) |
|---|---|---|
| AC | Twin | 75,000 |
| Non AC | Single | 75,000 |
| AC | Single | 95,000 |
Educational Loan
NISM has been enlisted on VidhyaLaxmi portal for helping students seeking a loan from banks directly. Vidyalakshmi is a centralized website for students seeking an education loan giving access to many banks schemes. This website, allow the student to fill a common education loan application form, that students can use to apply to many banks simultaneously. Visit the following link www.vidyalakshmi.co.in/Students/ to apply for education loan.
Merit Scholarships, Tuition fee waivers, and awards
It is NISMs’ endeavour to make education more affordable for students from all walks of life and ensure that every deserving student gets an opportunity for quality education. Various categories of scholarships have been made available and designed to cater to different students. Following merit based scholarships and tuition fee waiver schemes are in place:
1. Merit Scholarship: Students who have secured 1st rank at the preceding degree (in an examination where at least 120 students have taken exam in the respective University/ Institute) are eligible for 50% of the tuition fee waiver during the first year. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire programme.
1. Economically backward students: Economically backward students, with meritorious academic record are eligible for 50% of tuition fee waiver in the first year, whose parent/guardian income is less than Rs. 4.00 lakh per annum. A student shall secure at least 60% of marks along with 90% attendance in each trimester of first year in order to continue to be eligible for such tuition fee waiver.
2. Students from local area: Students from Raigarh (MH) district securing admission in PGDM-SM program are eligible for 30% of tuition fee waiver in the first year. Such students are not eligible for hostel accommodation. Student shall secure at least 60% of marks along with 90% of attendance in each trimester of first year in order to continue to be eligible for 50% tuition fee waiver for the entire program.
3. Best Performing Students: Students are eligible for 50% of tuition fee waiver for the second year for securing the first position/rank in the first year.
4. Fee Waivers for students based on admission merit criteria: Students with 1st Class and above in graduation level along with CAT / XAT / GMAT score of 75 percentile & above and other eligible test scores of 80 percentile & above are eligible for tuition fee waiver up to 50% only in the first year of study.
5. SC/ST and Backward Class students: Students from the SC/ST and Backward class category are eligible for a 50% tuition fee waiver in the first year, subject to the condition that they are selected through a competitive process in terms of prescribed eligibility criteria for selection.
6. Children of employees of SEBI registered entitiesare eligible for 30% of tuition fee waiver in first year of study.
7. Children and Spouse of Staff /outsourced staff: Children and Spouse of Employees of SEBI/NISM and support / outsourced staff of NISM are eligible for 40% of tuition fee waiver in the first year. They shouldsecure at least 60% of marks along with 90% attendance in each trimester of the first year in order to continue to be eligible for such tuition fee waiver.
Eligibility Norms
| Educational Qualifications | Valid Common Entrance Test Score |
|---|---|
| 1. Passed Bachelor’s Degree of minimum 3 years’ duration and obtained at least 50% marks (45% in case of candidates belonging to reserved category).
2. 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 they fulfilling the above mentioned eligibility criteria within the specified time-frame. |
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?
Candidates are required to register themselves online on
http://slims.nism.ac.in/
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 – Rs 1000/-*
*APPLICATION FEE is Refundable only in case the applicant is not shortlisted for the Online Interview process.
Important Dates for PGDM(SM) 2021-23
Phase I
| S.No. | Particulars | Date
|
|---|---|---|
| 1. | Start Date for Application: | February 01, 2021
|
| 2. | Last Date for Application: | April 30, 2021
|
| 3. | Date of commencement of admission interviews: | May 15, 2021
|
| 4. | Declaration of 1st Merit List: | June 01, 2021
|
| 5. | Declaration of 2nd Merit List: | June 07, 2021
|
| 6. | Commencement of Program: | July 01, 2021 |
Phase II
| S.No. | Particulars | Date
|
|---|---|---|
| 1. | Start Date for Application: | May 04, 2021
|
| 2. | Last Date for Application: | May 31, 2021
|
| 3. | Date of commencement of admission interviews: | June 07, 2021
|
| 4. | Declaration of Merit List: | June 15, 2021 (Tentative)
|
| 5. | Commencement of Program: | July 01, 2021
|
Admission related FAQs
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FINANCIAL REPORTING FAQs
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Mandatory Disclosures
State Govt GR dated May 16 2017
Mandatory Committees
Anti-Ragging Committee and Squad
Internal Complaints Committee (ICC)
Grievance Redressal Committee (GRC)
Click here for Grievance Redressal
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 December mid 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 2019-21.Click here
| Placement Week | Will be updated soon.. |
| Tentative Joining | April 01, 2021 |
*Above placement schedule is indicative only, and it can be tailored to suit the requirement of the companies.
Placement activities and processes are conducted in collaboration between a Student’s Placement Committee and a Council of Faculty Members
Today, Throughout India, companies hire students with business skills rather than students with textual expertise only. Young Indians are given the opportunity to demonstrate their entrepreneurial skills because of the widespread need for an entrepreneurial generation in India, this idea is strongly supported and promoted by the Government of India who calls this generation the age of innovators. The E-Cell of the National Institute of Securities Markets is at the forefront of this business translation. The 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.
The Entrepreneurship-Cell focuses on helping students advance their entrepreneurial outlook by empowering students with valuable tools, such as providing them a platform to grow their business ideas while also broadening their perspectives through a variety of workshops, industry interactions, student activities that lead to a well-rounded entrepreneur with a risk appetite and awareness that is on par with business players across the globe. Our mission is to create an environment that would illuminate ideas about entrepreneurship development and creative deduction, cultivate a business culture and reach out to a wider audience in both the academic community and the industry for the incubation of business ideas.
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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