FAQs Post Graduate Certificate Programme in Global Financial Markets ( )

Transcription

1 FAQs Post Graduate Certificate Programme in Global Financial Markets ( ) Last Date to Apply: 20 th July Batch Starting: 3 rd August Q1. Why a Post Graduate Certificate Programme in Global Financial Market from NSE? India is the ninth largest country in the world in terms of market capitalisation of $1.66 trillion (Rs.100 lakh crore) and its market capitalization-to-gross domestic product (GDP) ratio has climbed to 75.34%, the highest among all major markets barring Hong Kong. The World Bank has predicted a GDP growth rate of 8 per cent for India by 2017 from current 6.9%. Indian citizens can now trade on Global markets from USA, UK on NSE platform in Indian rupees without the associated currency risks. Derivatives contracts on global indices are enabling Indian investors to participate in international financial markets and bringing diversification in their investment portfolios. The global derivative indices that can be traded are Standard & Poor's 500 (S&P 500) and Dow Jones Industrial Average of USA, and FTSE 100 of UK. NSE NIFTY is very heavily traded on Singapore Stock Exchange. An international financial centre is almost ready to take off in Gandhi Nagar, Gujarat as GIFT City (Gujarat International Finance Tec-City Company Ltd). GIFT as an international financial centre has been conceptualized as a global financial and IT services hub on the lines of globally benchmarked financial centres such as New York, London, Hong Kong, Singapore and Dubai. GIFT will target 6-8% share of the financial services potential in India and is expected to create about lakh direct and indirect jobs in financial markets. All these developments require competent and qualified experts. National Stock Exchange (NSE) being 3rd world s largest stock exchange is taking proactive steps to prepare competent breed of professionals for skills required for international financial centres in India, USA and Singapore by launching a full time, Post Graduate Certificate Programme in Global Financial Markets (PGCP-GFM) starting from 3 rd August, Q2. I want to know about, full time, PGCP- Global Financial Market. PGCP-GFM is a highly specialized programme being offered for the first time in India with global regulatory certifications from USA, Singapore and India. The PGCP-GFM is a 11 months, full time programme divided into 4 quadmesters with 1020 hours of intensive training. In addition to the prestigious PGCP-GFM from NSE, participants will also receive global regulatory certification in financial markets from USA, Singapore and India to prove their competency and enhance their employability. The participants will develop financial market skills to compete in

2 international markets and will be exposed to the best market practices during Singapore Immersion programme. Q3. What are the salient features of this programme? 1. India s first PGCP-GFM with International Regulatory Certifications 2. Globally benchmarked curriculum for USA, Singapore & Indian financial markets 3. Singapore Immersion programme for global exposure and best practices 4. Programme directly offered by NSE, India s largest stock exchange 5. Markets Skill Development -Simulated/Live Market 6. Experiential learning, industry mentors, case studies, simulations etc. 7. Faculty Industry experts & academicians 8. Programme at central location in Delhi 9. Multiple career options in financial markets in USA, Singapore and India 10. Job ready for Indian, USA and Singapore financial markets Q4. Where would the classes be conducted? The classes will be held on full time basis, from Monday to Friday from 8:30am onwards, at centrally located office of NSE in New Delhi at the address given below. It is on the main road of Parliament Street, near Jantar Mantar and adjacent to Patel Chowk Metro station. National Stock Exchange 4th Floor, Jeevan Vihar Building Parliament Street, New Delhi Q5. What is the programme coverage? The PGCP-GFM is a full time 11 months programme. It will have three quadmesters of three months each, with 9 papers in each quadmester, followed by 2 months of internship/projects. Quadmester I Foundation for Global Financial Markets 1. Global Financial Markets System 2. Quantitative Techniques in Financial Markets 3. Accounting and International Financial Reporting Standards 4. Economics and Banking for Financial Markets 5. Financial Planning and Wealth Management 6. Computer Applications in Financial Markets 7. Financial Analytics and Risk Management 8. Marketing of Financial Services 9. Corporate Finance & Investment Banking

3 Quadmester II Financial Markets System in India 1. Mutual Funds & Fixed Income Securities 2. Capital Market Operations 3. Derivatives Markets and Strategies 4. Commodity Markets 5. Real Estate Investments & REITS 6. Financial Valuations and Equity Research 7. Insurance -Life and General 8. Regulatory Framework for Indian Financial Markets 9. Behavioural Finance and Technical Analysis Quadmester III USA & Singapore Financial Markets 1. USA Uniform Securities State Laws 2. USA Investment Advisory Services 3. Singapore Regulatory Framework for Securities 4. Singapore Regulatory Framework for Trading in Futures 5. Singapore Regulatory Framework for Financial Advisory Services 6. Singapore Securities Product and Analysis 7. Singapore Securities & Future Product knowledge Any 5 only 6. Entrepreneurship of Financial Services 7. Trust, Ethics and Relationships 8. Hedge Funds 9. Taxation and Anti Money Laundering Quadmester IV Internship / Projects / MDPs 1. Internship/Projects/MDPs/Conferences / or Optional-Additional Regulatory Certifications- USA/Singapore Q6. Which regulatory certificates are part of PGCP-GFM? PGCP-GFM includes 14 of the regulatory certifications from India, Singapore and USA financial markets. These certificates are in the field of equity, derivatives, currency, commodities, risk management, investment banking, financial planning and wealth management, mutual fund, depositary, financial advisory, research, insurance, financial valuation, regulation and compliance keeping in mind the requirement of prospective employers.

4 Q7. Shall we study USA and Singapore financial market regulatory subjects as part of PGCP-GFM? Yes. Financial markets are highly regulated by Governments of respective countries. Candidates interested to develop career in financial markets are required to pass relevant qualifying examinations (and also obtain license, wherever required) to demonstrate competence and expertise required by the country. In USA, this regulatory role is performed by Financial Industry Regulatory Authority (FINRA) on behalf of Securities and Exchange Commission (SEC). Monetary Authority of Singapore (MAS), in Singapore and National Institute of Securities Markets (NISM), IRDA, NSE-NCFM administers the financial market regulatory examinations. The students of PGCP-GFM can opt for 5 out of 7 FINRA and MAS examination to help them build their career in USA, Singapore or captive units of multinational companies in India. Students will also have the option of passing 2 additional FINRA / MAS examination as a part of PGCP-GFM, subject to employer s requirement, suitability, batch size etc. in the 4 th quadmester. Q8. What is the Programme schedule? The classes for PGCP-GFM will commence from 3 rd August, 2015 with one week of orientaion. The quadmester wise schedule of classes and examinations is given below. Quad. Particulars Academic Session Examination I Foundation of Global Financial 3 rd Aug 16 th Oct 15 Oct 26 30, 2015 Markets II Financial Markets System in India 2 nd Nov 16 th Jan 16 Jan 25 29, 2016 III USA & Singapore Financial 1 st Feb 15 th Apr 16 Apr 18 22, 2016 Markets Singapore Immersion Apr 24 30, 2016 IV Internship / Projects / MDPs 1 st May 30 th Jun 16 Q9. What shall we be doing during Singapore Immersion programme? Singapore is known as one of the best managed country having international financial centre. It is number 1 in the world for ease of doing business. During one week of immersion programme at Singapore, students will visit various financial institutions to get exposure of the best practices in managing financial markets, apart from cultural exposure. They will also appear for regulatory examination of MAS.

5 Q10. What career opportunities are available on completion of PGCP -GFM? India is setting up its own international financial centre in Gandhi Nagar, Gujarat which will compete with international financial centres such as New york, London, Hong Kong, Singapore and Dubai. There are large numbers of captive units of MNCs, KPOs, BPMs, custodians, pension funds etc. in the financial market domain catering USA, UK, Singapore clients. These companies are registered with FINRA/MAS and require financial market professionals for serving their US and international clients. FINRA and MAS certified professionals are high in demand and low in supply due to which they are offered good salaries and well respected profiles. The demand for the financial market professionals remains strong in banking, investment and advisory in capital, currency, commodity, insurance etc. The candidates of PGCP-GFM with regulatory certification in financial markets from USA, Singapore and India, are likely to be employed by Banking Institutions, Assets Management Companies, Consulting Firms, Private Equity, Venture Capitalist, Regulators, Credit Rating Agencies, Hedge Funds, Technology, Insurance, NBFCs, and Financial Services Institutions etc. A qualified person can be offered various designations like associates, analyst, relationship manager, analyst-equity, analyst-technical, portfolio manager, risk manager, content developer, faculty, financial journalist, operations manager etc. Many participants are able to launch their own ventures as well. Captives units in India also send their employees overseas for clients projects. Therefore, PGCP-GFM candidates can look forward for career opportunities in Singapore, USA etc as well. Q11. Does NSE assist in placements? NSE placement team will assist in placement of successful candidates. NSE will provide placement assistance to successful candidates but do not guarantee any placement. Q12. What is the status of PGCP-GFM? PGCP-GFM is India s first programme with Singapore, Indian and US regulatory certifications focusing on enhancing global financial skills. It is clarified that PGCP- GFM is neither a degree nor a diploma and is not recognized either by AICTE or UGC. It is an autonomous Post Graduate Certificate Programme directly offered by National Stock Exchange to develop competent breed of professionals. Q13. I am an outstation candidate, does NSE help in PG accommodation? As PGCP-GFM is a global financial market programme, we want our students to develop independent living skills. Delhi being the capital of India, thousands of students from all over India come to study here and stay in PG accommodation. NSE will also assist students to get PG accommodation with the PG s

6 Q14. What are the eligibility criteria for the programme? The minimum eligibility criteria are: All candidates must have completed Graduation or a degree equivalent with at least 50% in aggregate from an Indian University/Institutions recognized by Association of Indian Universities. Upper age limit is 40 years as on the date of commencement of programme. Preference would be given to the participants having professional qualification such as CA, CS, CWA, CFA, MBA, etc. Due weightage shall be given to candidates with experience. Q15. How pre-screening of candidates is done for getting selected for PGCP-GFM? Pre Screening of candidates will be done on basis of their Academic Profile (20%), CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%) Personal Interview (30%) Q16. What is the total investment for PGCP-GFM? The total investment is 4, 50,000/- inclusive of Service Tax (Rupees Four Lakh Fifty Thousand only) for the programme. The rate of service tax w.e.f 1 st June is 14%. Particulars Investment Last Date of Payment Investment 4,50,000 Registration 20, Option I Lump-sum 4,30,000 On or before 30 th July 2015 Option II - 2 instalments 2,20,000*2 1 st instalment by 30 th July nd by 16 th October 2015 Option III - 3 instalments 1,50,000*3 1 st instalment by 30 th July nd by 16 th October rd by 15 th Jan 2016 The investment for the programme is inclusive of cost of study material, tuition fees, service tax (@14%) and market simulation lab, immersion programme at Singapore (Economy class air fare with twin sharing accommodation). One time regulatory examination fees in India for 9 modules of NISM & IRDA and any 5(out of 7) modules of FINRA of USA and MAS of Singapore is also included. The expenses not specifically mentioned, if any, will be borne by the candidates. One time regulatory examination fees of Indian, USA(FINRA) & Singapore(MAS), any 5 certificates in quadmester 3 is also covered. If candidate fails in the first attempt, he/she needs to reappear. The subsequent regulatory examination fees for the certificate(s) have to be borne by the

7 candidate. If the candidate opts for additional US/Singapore certificate ( more than 5) in the 4th Quadmester, the examination fees will be borne by the candidate. Q17. I am in the final year of graduation. Can I apply? Yes, you may apply for provisional admission. Since this is a Post Graduate Certificate Programme, admission will be confirmed only on submission of proof of passing graduation on or before 30 th September Q18. I want to apply for the full time PGCP-GFM, how should I proceed? Candidates having valid CAT/GMAT/XAT/CMAT/MAT/ATMA Score (Score should not have expired) Applicants need to send application in the prescribed form. The form can be downloaded from the NSE website. The candidate should send complete application form along with resume, proof of educational qualifications, work experience (if any), copy of CAT/GMAT/XAT/CMAT/MAT score card and fees of Rs.899/- The fees of Rs.899/- can be paid by three modes: a)demand Draft b)online payment c)cash The Demand draft of Rs.899/- should be in favour of NATIONAL STOCK EXCHANGE OF INDIA LTD; payable at New Delhi If in cash, one can submit the application by paying Rs.899/- in cash at National Stock Exchange of India Ltd.; New Delhi. Online payment of Rs.899/- can be made through NCFM profile for candidates appearing for NSE online test. The application with enclosures should be sent on or before 20 th July 2015 to the Head, Financial Education (Schools & Universities) National Stock Exchange of India Ltd. 4th Floor, Jeevan Vihar Building Parliament Street, New Delhi The envelop should be super scribed - Application for PGCP-GFM Q19. What is the pattern of NSE online exam for PGCP-GFM? NSE Online Objective Type Test will be held from 21 st 22 nd July It is not mandatory for those who have already taken CAT/GMAT/XAT/CMAT/MAT/ATMA. The online test will consist of Verbal Ability (30%), Data Interpretation and logical reasoning (30%), Quantitative Aptitude (30%), General Knowledge on Financial Markets (10%).

8 The online objective test will be for 2 hours duration with negative marking of 0.25 per mark for incorrect answer. Q20. How to register for NSE Online test? Candidates who need to appear for NSE Online Test: The candidates who do not have valid CAT/GMAT/XAT/CMAT/MAT/ATMA score are required to appear for NSE Online Test from 21 st 22 nd July For this they are required to register on the NSE s website as per the steps given below: 1. Login to and go to Education menu. (Use Internet Explorer only) 2. Click on Online Register/Enrol. 3. Click on Online Registration under New User on NCFM Online Registration and fill the form and click on Submit. 4. You will receive NCFM ID via a SMS and . It will also be displayed on the screen. 5. You can now login with your user id and password. You can pay the fees of Rs.899/-, book your seat for the NSE online test in any of the 154 test centers subject to availability of seats on first come first served basis. 6. If you feel any difficulty then you can refer Step by Step Guide for Online Enrolment in NSE Online test on NSE website under Education Menu. 7. There are four time slots viz 9:30 am to 11:30 am, 11:30 am to 1:30 pm, and 1:30 pm to 3:30 pm, and 3:30 pm to 5:30 pm. These time slots are available on first Come first serve basis. 8. An online hall ticket for the NSE Online Test will be generated for which you should take the Printout. 9. You need to carry this hall ticket along with id proof for appearing in the test. 10. In case you need any assistance for registering for the test, you can call Education counsellors / / / Note: - If Candidates are already having NCFM profile can enrol for NSE Online Test as same as they enrol for other NCFM Modules. They need to select, NSE Online Test under Module name. Q21. When will the NSE online entrance test be held and in which cities? The NSE online entrance test will be held from 21 st 22 nd July 2015 at 155 test centers in India, list of test centers are available on NSE website under Education Menu. You can log on to the NSE website and reserve your seat on the date and time convenient to you. List of 155 centres is enclosed as Appendix A to the FAQ.

9 Q22. When will the result of NSE online entrance test be declared? Candidates shortlisted for interview based on CAT/GMAT/XAT/CMAT/MAT score or NSE Online Test score will be directly intimated by , telephone etc. Their names will also be posted on the website of NSE on 23 rd July Q23. I am an outstation candidate. Can I appear for video interview? The personal interview of shortlisted candidates will be held at NSE office in New Delhi. In order to save travel time and cost of outstation candidates, NSE also conduct video interviews. As an outstation candidate, you can also be given choice to come for personal interview or opt for video interview. Q24. If selected, which documents do I need to submit and when? The onus to check the eligibility for admission is on the candidate, at the time of registration, you are required to submit a copy of following documents and bring originals for verification. 10th, 12th, Graduation Mark sheet Birth Certificate CAT/GMAT/XAT/CMAT/MAT score card Resume Copy Q25. What are the important dates for PGCP-GFM 2015? PGCP-GFM Application Closing Date 20 th July,2015 NSE Online Test 21 st 22 nd July, 2015 Interviews 24 rd July, 2015 Last date to deposit Registration Amount 27 th July, 2015 Last date to deposit lump sum/1st instalment 30 th July, 2015 Commencement of Programme 3 rd Aug, 2015 Q26. How can I make payment for the programme? The amount for the Programme or investment can be paid in any of the three modes given below. 1. By Net Banking* (Direct Debit) through HDFC Bank, Axis Bank, Bank of India 2. National Electronic Fund Transfer (NEFT)* as per details given below: Account Name: NATIONAL STOCK EXCHANGE OF INDIA LTD BANK: HDFC ACCOUNT No. : IFSC CODE: HDFC BRANCH: G-3-4, SURYA KIRAN BUILDING, 19, KASTURBA GANDHI MARG, NEW DELHI

10 3. By Demand Draft in favour of National Stock Exchange of India Limited, payable at New Delhi. *For all Net Banking and NEFT transfer, kindly mention the transaction reference number and date of transfer in the registration form. Q27. If I need any further clarification, whom can I contact? In case you need any further assistance or clarification you can contact Education Counsellors at / / / You can also to pgpgfm@nse.co.in *****