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NCFM and NSIM Certifications: Advantage for Graduates of Economics, Commerce, Management and Banking

The role of stock markets and stock exchanges in the economies of current day global trading is enormous. For a vast growing market and economy like India, these show fluctuations minute by minute and consequences. The growth in right direction lies in the hand of potential human resources. The brought-ins, sales, stability… so on. Financial Markets are centre poles underneath the economy.

To develop a pool of human resources having right skills and expertise to help enhance quality intermediation in the financial markets and cultivating a culture of knowledge to help investors take informed decisions relating to the securities market, The National Stock Exchange (NSE), India's foremost stock exchange covering various cities and towns across the country, has initiated a number of educational initiatives such as certification programs, training, financial literacy at school level, short term courses at college level etc. Along with NSE, National Institute of Securities Markets (NISM), a public trust and the regulator for securities markets in India, also seeks to add to market quality through educational initiatives.

The NCFM and NISM certifications have great job potential as additional as well as core qualifications. Students of Commerce, Economics, Management, Banking, Insurance and Journalism can greatly benefit from these certifications. Even freshers with no degrees in these disciplines are also making decent careers by completing these certification courses.

NSE's Certification in Financial Markets (NCFM)
NSE's Certification in Financial Markets (NCFM) is an on-line testing system for testing the practical knowledge and skills required to operate in the financial markets. NCFM offers a comprehensive range of modules covering many different areas in finance which include. NCFM include NSE Certifications, National Institute of Securities Markets (NISM) Certifications, and NISM Continuing Professional Education (CPE) Program.

The NSE's Certifications in Financial Markets work as an added impetus of careers for graduates who aspire to flourish in the field of trading and securities. Graduates Commerce, Economics, Business Studies, CA and allied streams can enjoy the fruits of theses courses to the fullest.

NSE Certifications: NSE Certifications include NCFM Modules, NSE Certified Market Professional (NCMP) Certificates and Proficiency Certificate, which are as following -

NCFM Modules:
Foundation Modules:
  • Financial Markets: A Beginner's Module
  • Mutual Funds: A Beginner's Module
  • Currency Derivatives: A Beginner's Module
  • Equity Derivatives: A Beginner's Module
  • Interest Rate Derivatives: A Beginner's Module
  • Commercial Banking in India: A Beginner's Module
  • FIMMDA-NSE Debt Market (Basic) Module
  • Scurities Market (Basic) Module
Intermediate Modules:
  • Capital Market (Dealers) Module (CMDM)
  • Derivatives Market (Dealers) Module (DMDM)
  • Investment Analysis and Portfolio Management
  • Fundamental Analysis Module
  • Options Trading Strategies Module
  • Operations Risk Management Module
  • Banking Sector Module
  • Insurance Module
  • Macroeconomics for Financial Markets Module
  • NSDL-Depository Operations Module
  • Commodities Market Module
  • Surveillance in Stock Exchanges Module
  • Corporate Governance Module
  • Compliance Officers (Brokers) Module
  • Compliance Officers (Corporate) Module
  • Information Security Auditors Module (Part-1) & Information Security Auditors Module (Part-2)
  • Technical Analysis Module
  • Mergers and Acquisitions Module
  • Back Office Operations Module
  • Wealth Management Module
  • Project Finance Module
  • Venture Capital and Private Equity Module
  • Financial Services Foundation
  • NSE Certified Quality Analyst Module
  • Certified Credit Research Analyst (CCRACM)
Advanced Modules:
  • Financial Markets (Advanced) Module
  • Securities Market (Advanced) Module
  • Derivatives (Advanced) Module
  • Mutual Funds (Advanced) Module
  • Options Trading (Advanced) Module
  • Modules of Financial Planning Standards Board India (Certified Financial Planner Certification)
  • Equity Research Module
  • Issue Management Module
  • Market Risk Module
  • Financial Modeling Course
NSE Certified Market Professional (NCMP) Certificate:
NSE Certified Market Professional (NCMP) certificates are issued to those candidates who have cleared NCFM modules. This hierarchy of certifications is aimed at enabling the candidates to better demonstrate their domain knowledge relating to financial markets.

Beginners Modules:
  • Financial Markets: A Beginners’ Module
  • Mutual Funds: A Beginners' Module
  • Currency Derivatives: A Beginner’s Module
  • Equity Derivatives: A Beginner's Module
  • Interest Rate Derivatives: A Beginner’s Module
  • Commercial Banking in India: A Beginner's Module
Other Modules:
  • Back Office Operations Module
  • Banking Sector Module
  • Capital Market (Dealers) Module
  • Commodities Market Module
  • Derivatives (Advanced) Module
  • Derivatives Market (Dealers) Module
  • FIMMDA-NSE Debt Market (Basic) Module
  • Financial Market (Advanced) Module
  • Fundamental Analysis Module
  • Insurance Module
  • Investment Analysis and Portfolio Management Module
  • Macroeconomics for Financial Markets Module
  • Merger & Acquisitions Module
  • Mutual Funds (Advanced) Module
  • NSDL–Depository Operations Module
  • Operations Risk Management Module
  • Options Trading (Advanced) Module
  • Options Trading Strategies Module
  • Project Finance Module
  • Securities Market (Advanced) Module
  • Securities Market (Basic) Module
  • Technical Analysis Module
  • Wealth Management Module
Proficiency Certificate:
Certifications of proficiency will be awarded to candidates on successfully clearing NCFM modules.

The qualifying criteria for the various certifications are as given below:
  • NSE Certified Derivatives Pro (NCDP): On passing NCFM Equity Derivatives: A Beginners' Module + Derivatives Market (Dealers) Module + Options Trading Strategies Module.

  • NSE Certified Derivatives Champion (NCDC): On passing NCFM Equity Derivatives: A Beginners' Module + Derivatives Market (Dealers) Module + Options Trading Strategies Module + Option Trading (Advanced) Module.

  • NSE Certified Investment Analyst Pro (NCIAP): On passing NCFM Investment Analysis and Portfolio Management Module + Technical Analysis Module + Fundamental Analysis Module.

  • NSE Certified Investment Analyst Champion (NCIAC): On passing NCFM Investment Analysis and Portfolio Management Module + Technical Analysis Module + Fundamental Analysis Module + Wealth Management Module.

    National Institute of Securities Markets (NISM) Certifications:
    NISM brings out various publications on securities markets with a view to enhance knowledge levels of participants in the securities industry. NISM is mandated to develop and implement certification examinations for professionals employed in various segments of the Indian securities markets.
    The Institute offers following modules and certifications –

    Modules of National Institute of Securities Markets:
    • Currency Derivatives Certification Examination
    • Registrars to an Issue and Share Transfer Agents – Corporate Certification Examination
    • Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination
    • Securities Intermediaries Compliance (Non-Fund) Certification Examination
    • Interest rate Derivatives Certification Examination
    • Mutual Funds Distributors Certification Examination
    • Mutual Funds Foundation Certification Examination
    • Mutual Funds Distributors (Level 2) Certification Examination
    • Depository Operations Certification Examination
    • Securities Operations and Risk Management Certification Examination
    • Equity Derivatives Certification Examination
    • Investment Adviser (Level 1) Certification Examination
    • Certified Personal Financial Advisor (CPFA) Examination
    • Equity Sales Certification Examination
    • Securities Markets Foundation Certification Examination

    Certifications of National Institute of Securities Markets:
    • Currency Derivatives Certification Examination (NISM-Series-I: CD Examination)
    • Registrars to an Issue and Share Transfer Agents - Corporate Certification Examination
    • Registrars to an Issue and Share Transfer Agents – Mutual Fund Certification Examination
    • Securities Intermediaries Compliance (Non-Fund) Certification Examination
    • Mutual Fund Distributors Certification Examination
    • Mutual Fund Foundation Certification Examination
    • Mutual Fund Distributors (Level 2) Certification Examination
    • Depository Operations Certification Examination
    • Securities Operations and Risk Management Certification Examination
    • Equity Derivatives Certification Examination
    • Merchant Banking Certification Examination
    • Investment Adviser (Level 1) Certification Examination
    • Equity Sales Certification Examination
    • Securities Markets Foundation Certification Examination

    NISM Continuing Professional Education (CPE) Program:
    National Institute of Securities Markets (NISM) also offers mandatory Certification Examinations for Associated Persons in the Securities Market Intermediaries as well as offer Continuing Professional Education (CPE) Programs for Associated Persons in the Securities Market Intermediaries.

    Upon expiry of the validity of the certificate possessed by an associated person, the certificate shall be revalidated by passing the relevant NISM Certification Examination before the expiry of the existing certificate or by successfully completing a program of relevant one day ‘Continuing Professional Education (CPE)’ as may be specified by NISM during 12 months preceding the date of expiry of the certificate.
    For further details on NSE programmes, enthusiasts can visit www.nseindia.com/ or www.nism.ac.in/.

    Great Future for Certifications
    A steady start in careers is crucial. One has to earn as well as grow with time. Financial Marketing is one such field. More over, the courses of NCFM require no specified prerequisites. Anybody with basic language and mathematical skills can opt for them and make a career in financial marketing. We have trained more than 400 batches over last one decade, and still training. Students across the spectrum have succeeded in making careers in this field. A lot is happening in stocks and trading today. Economies and markets are growing. Banks, BPOs, KPOs and many other are hiring Financial Experts. Our students with NCFM Certifications are getting placed with Rs. 20, 000 to Rs. 45, 000 per month. More than one lakh recruitments are anticipated in coming year and half. Tomorrow is going to be here.

    A. S. Chakravarthy
    A. S. Chakarvarthy’s NCFM Academy, Hyderabad.
Published date : 25 Sep 2013 06:09PM

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