NSE National Stock Exchange of India Limited Post Graduate Diploma in Management Financial Markets PGDM (FM) (One Year, Full Time, AICTE Approved Programme) 2014-15 IMPORTANT DATES PGDM(FM) Application Closing Date: 09 May, 2014 Commencement of PGDM (FM) Programme: 16 June, 2014 National Institute of Financial Management CONTACT Please contact education counsellors 9582230057 / 9718930064 National Institute of Financial Management (An Autonomous Institute of Ministry of Finance, Government of India) Sector-48, Pali Road, Near Badkhal Village, Faridabad -121 001, Haryana, INDIA Website: http://www.nifm.ac.in Jointly offered by National Institute of Financial Management (An Autonomous Institute of Ministry of Finance, Government of India) and National Stock Exchange of India Limited
Shri P. Chidambaram, Hon ble Finance Minister and President NIFM society during his visit to NIFM Shri P. Chidambaram, Hon'ble Finance Minister lighting e lamp on e occasion of e 20 Anniversary Celebration of NSE 02 From e Desk of Director NIFM 03 About NIFM 04 From e Management s Desk NSE 05 About NSE 06 The Financial Industry 07-08 Post Graduate Diploma in Management (Financial Markets) 09 Student Achievement 10 Course Structure 11 Eligibility Criteria & Programme Fee 12 Application Process 13 Selection Procedure & Documents 14 Important Dates 15 Infrastructure 16 Residential Facility 17 Global Exposure 18 Industry Interaction 19 International Collaboration 20 Student Activities 21 Core Faculty 22 Visiting Faculty & Course Director (s) 23 The Campus NSE 24 Members of e NIFM Society
jk"vªh; foùkh; izcu/ku lalfkku National Institute of Financial Management FROM THE DESK OF DIRECTOR NIFM ABOUT NIFM Indian Financial Market has evolved rapidly in e last two decades. India has experienced a phenomenal grow after e economic reforms of 1990s. And in e same decade, Indian Financial market started gearing up for e new challenges and innovations in terms of e development of diverse sub-markets and new financial instruments. At present, Indian financial market is highly integrated wi world financial markets making it dynamic and complex, us creating new demands and grow opportunities. This programme, e Post Graduate Diploma in Management - Financial Markets, being offered by e NIFM in collaboration wi e NSE is a unique programme designed for e professionals and practitioners desiring to excel on e streng of e knowledge and understanding of e market. In is programme, we seek to provide continuous interaction between eory and practice at equips participants wi e required skills to compete and stay abreast in e market. Moreover, is programme is designed to facilitate progressive expertise-building across functional boundaries and we provide a platform to connect across diverse market segments rough our international attachment. The lectures of e programme are delivered by experienced and research oriented faculty from e NIFM, e NSE and elsewhere. Delivery and conduct of e programme is monitored by e Academic Advisory Committee of e NIFM. I would like to extend my warm appreciation on behalf of e NIFM & e NSE, to e prospective participants for showing interest in is programme and welcome participants joining is course. I am sure, you will experience enriching learning journey. Harsh Kumar Director The National Institute of Financial Management (NIFM) was set up in 1993 on e basis of a proposal made by Ministry of Finance, which was approved by e Union Cabinet. The Union Cabinet envisaged at NIFM would begin as a training institution for officers recruited by e Union Public Service Commission (UPSC) rough e annual Civil Service Examinations and allocated to e various services responsible for manning senior and top management posts dealing wi accounts and finance in e Government of India. NIFM was to develop as a centre of excellence in e areas of Financial Management and related disciplines not only in India but also in Asia. In order to ensure at NIFM enjoys a greater degree of flexibility and autonomy an e departmental academies at existed at at time for officers training, it was decided at e Institute would be a legal entity known as Society. Such societies are legally independent entities auorized to frame eir own rules and regulations. This structure makes available greater autonomy in bo academic and administrative matters to e Institute, facilitating quick decision making in response to changing perceptions of desired goals and objectives. Despite e legally autonomous character of e Institute, making e Finance Minister of Government of India, e President of e Society, ensured a very close linkage wi Government. For administrative purposes, ere is a Governing Board chaired by e Secretary (Expenditure). The Director appointed by e Appointments Committee of e Cabinet is responsible for e administration and academic programmes of e Institutes. It will us be seen at e Institute has close links and direct access to Government of India. The Institute recruits its faculty eier by deputation from Civil Services or by selection from e best in e academic field. The institute erefore has a distinct advantage of a mix of faculty from academic as well as government sector. The Institute adheres to norms prescribed by e All India Council for Technical Education wi respect to faculty qualifications and streng. The Institute maintains a wide network of guest faculty who are called upon to each topics in which ey specialize. There is also an adjunct faculty arrangement to take advantage of e specialized coverage of courses. 2 3
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THE FINANCIAL INDUSTRY POST GRADUATE DIPLOMA IN MANAGEMENT FINANCIAL MARKETS 1 YEAR, FULL TIME, AICTE APPROVED PROGRAMME 2014-15 Jointly offers by NATIONAL INSTITUTE OF FINANCIAL MANAGEMENT (Ministry of Finance, Government of India) and NATIONAL STOCK EXCHANGE OF INDIA LIMITED The Indian economy is one of e world s fastest growing economy today and is expected to become a US$ 5 trillion economy by 2020. Driven by rising personal incomes, corporate restructuring, de-regulation and liberalisation of financial market, Indian financial industry is expected to enjoy robust grow during coming years. Wi a sustained grow and rapid development in technology and infrastructure, an increasing share of financial services would get centralized. The last decade has seen unprecedented grow in India s financial services sector. It employs over 3 million people, constitutes about 5% of e GDP and has an estimated market capitalization of over US$ 200 billion. The one year post graduate diploma in management (financial markets) has considered e changing needs and e future requirements of e financial industry and equip you wi e most contemporary skills and knowledge required to capitalize forcoming opportunities in e financial market. CAREER OPTIONS IN FINANCIAL MARKETS The Post Graduate Diploma in Management (Financial Markets) provide participants wi a wide range of career opportunities as : Investment Banker Financial Planning & Weal Manager Analyst - Equity, Technical, F&O, MFs, Commodity, Forex Fund / Portfolio / Hedge Fund Manager Back / Front Office Operations Manager Surveillance / Compliance / Regulation Manager Teaching / Content Development Financial Journalist IT / IT Security / Programmer Risk Manager 6
STUDENT ACHIEVEMENT Test Overview: The BAT aids employers in identifying and screening students who wish to pursue a career in e business world. Test takers should have a general understanding of an familiarity wi current events in business, finance and economics; however, much of what is being assessed is a person's aptitude and skills to be successful in business. Sample Size National Institute of Europe, Middle Nor & Sou Asia & Pacific World Financial Management East & Africa America 86 40,604 41,481 64,113 146,198 Sections Financial Aptitude Economics Financial Statements Analysis Investment Banking Global Markets Career Skills Analytical Reasoning Ma Skills Charts and Graph Analysis News Analysis Overall Average Score of Sample Size 24 25 27 20 24 23 22 25 20 22 24 22 25 19 21 26 21 24 18 21 21 20 21 22 21 23 23 25 24 24 20 10 9 8 9 23 24 26 22 24 478 471 501 449 471 Average Scores: (your university vs. e global test taker averages) This compares National Institute of Financial Management's Average BAT scores for each section to e Average score for each section of all prior test takers. The horizontal BLUE bar is e Average score of all test takers and e PURPLE column represents National Institute of Financial Management's Average score. 8 9
COURSE STRUCTURE The programme has been designed to cover 24 papers in four quadmesters. Followings is list of papers which will be taught during e course: SN Paper Name Quadmester 1 1 Financial Institutions & Markets 2 Quantitative Meods for Financial Markets 3 Accounting and Taxation for Managers* 4 Economics for Financial Markets 5 Introduction to Financial Planning 6 Capital Market Operations Quadmester 2 1 Corporate Finance including Mergers & Acquisitions 2 Financial Reporting Standards 3 Eics and Values 4 Corporate and Capital Market Laws 5 Commodities Market Operations 6 Derivative Market Operations Quadmester 3 1 Computer Application in Finance 2 Bank Management 3 Foreign Exchange and Currency Markets 4 Financial Valuation and Modeling 5 Technical Analysis 6 Equity Research Quadmester 4 1 Financial Econometrics 2 Weal Management 3 Investment Banking 4 Venture Capital & Private Equity 5 Mutual Funds & Fixed Income Securities 6 Summer Internship & Viva 7 International Attachment (Presentation) * Capital Gains / Tax Laws wi reference to SAARC/ Developing countries **Workshop & Seminars, Project Work (based on internship) Post Graduate Diploma in Management (Financial Markets) is a one year full-time residential programme at NIFM to provide e best of learning environment and develop strong networking wi future managers and leaders in e industry. Classroom Teaching - 10 Mons (including 1 week International attachment) (840 hours, 420 hours each from faculty by NSE & NIFM) Internship / Project - 2 mons Skill Development - 200 Hours rough market simulation internet based software from NSE i.e. NLT (NSE Learn to Trade) 10 11
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IMPORTANT DATES INFRASTRUCTURE Activities Date Application closing date 09 May, 2014 nd NIFM-NSE Online Test 12-17 May, 2014 Declaration of Result on e Website 20 May, 2014 Personal Interviews 22-24 May, 2014 Announcement of first of selected candidates 26 May, 2014 First List - Last Date for registration of selected candidates 30 May, 2014 st Announcement of Second List of selected candidates on website 31 May, 2014 Library NIFM has a modern air-conditioned library consisting of about 30,000 volumes. The library subscribes to over 145 Indian and foreign journals. The Library is also a member of DELNET where data in respect of more an 1000 libraries is available on-line. Information on e availability of accessioned books in e library has also been automated. Registration of second list of selected candidates 04 June, 2014 Last date to deposit lumpsum / 1st installment 10 June, 2014 Commencement of Programme 16 June, 2014 Sports Complex Indoor games such as billiards, squash, badminton, table-tennis, gymnasium and oer recreational facilities are available in e newly built state-of eart Sports Complex in e campus. Outdoor games facilities include courts for tennis, volley ball, basket ball, and badminton besides cricket and football grounds. The Institute has an open air eatre wi seating capacity of 500 persons, where cultural Programmes are organized. This eatre s visible from space very clearly. A centrally airconditioned modern auditorium wi seating capacity of 200 persons has been built wi state-of-art facilities. 14 15
RESIDENTIAL FACILITY GLOBAL EXPOSURE Classroom segment of e programme is residential for all participants. There is a self contained hostel wi 180 high quality rooms. A professional runs e catering arrangements and all house keeping & maintenance is outsourced to ensure quality standards. Participants at Singapore Stock Exchange Hostel Room Participants at Bloomberg Executive Hostel Participants at Philip Securities Dining Hall Participants at Franklin Templeton 16 17
INDUSTRY INTERACTION International Attachment Domestic Attachment INTERNATIONAL COLLABORATION Looking at e global developments and e emanating challenges to upgrade e contents as well as e delivery of our programmes in line wi best international practices, NIFM required developing institutional collaborations wi reputed institutions in India and abroad. The selection of partner institution was also aimed at exposure of e faculty of NIFM to e oer institutions of repute in terms of research base, pedagogy and contents. Accordingly, e following national and international institutions were identified for collaboration wi NIFM: Collaborations wi National Institutions National Stock Exchange, Mumbai Haryana Institute of Public Administration, Haryana The Institute of Chartered Accountants of India, New Delhi Collaborations wi International Institutions Asian Institute of Management, Manila, Philippines Edinburgh Business School,Scotland, UK International Centre for Promotion of Enterprises, Slovenia Manchester Metropolitan University, United Kingdom Royal Institute of Public Administration, United Kingdom Universiti Utara Malaysia The major items for collaborations include: 1. Resource sharing between e two institutions including faculty exchange; 2. Organizing joint events viz. workshops, seminars, conferences, research on contemporary issues of mutual interest to bo institutions; 3. Conducting joint academic programmes at NIFM and vice versa; 4. Possibility of attachment of participants of various courses of NIFM wi various institutions; 5. Possibility of networking e two institutions wi e oer institutions in e respective regions and/or country; and 6. Any oer activity of mutual interest to bo e institutions. It has been rough a concerted and comprehensive exercise at NIFM has concluded e ree important MOUs wi leading International institutions. This would provide a good fillip in visibility and credibility of NIFM. The scope of activities agreed is also quite broad based and NIFM would be able to extend its academic/research base quite significantly. 18 19
STUDENT ACTIVITIES CORE FACULTY Name : Alok Mohan Sherry, Ph.D Designation : Professor Area : Finance & Accounts Name : Kamal Prakash Kaushik, Ph.D Designation : Professor Area : Finance & Accounts Name : Atul Kumar Sharan, Ph.D Designation : Professor Area : Public Finance & Economics Name : Namrata Agrawal, Ph.D Designation : Professor Area : Computers & MIS Name : Brajesh Kumar, Ph.D Designation : Assistant Professor Area : Economics Name : Shobhan Singh Khanka, Ph.D Designation: Professor Area : Human Resource Name : Dilip Padhye, IP&TAFS Designation : Professor Area : Auditing Name : Suresh Kumar Chandila Designation : Chief Administrative Officer Area : Governments Rules & Regulations Name : Harsh Kumar, IRAS Designation : Director Area : IT, Finance & Accounts Name : Vinod Gautam, Ph.D Designation : Deputy Librarian Area : Library Automation Name : Jaya Bhalla, Ph.D Designation : Assistant Professor Area : Human Resource Name : Vinti Agarwal, Ph.D Designation : Associate Professor Area : Finance Name : Yashwant Kumar, IA&AS Designation : Professor Area : Audit & Accounts 20 21
VISITING FACULTY THE CAMPUS: NSE Name : CS S.N. Ghosh Name : Mr. Ashutosh Wakhare Area : Securities Law Area : Equity & Derivatives Name : CS Suchitta Koley Name : Dr. V.K. Mehta Area : Corporate Law Area : Economics Name : Dr. Kumar Bijoy Name : Mr. Jaswant Singh Area : Corporate Finance Area : Technical Analysis Name : CA D.S. Rawat Name Mr. Prakash Sumani Area : Financial Reporting Standards Area : Financial Modelling and Valuation Name : Mr. Rishi Mehra Area : Derivatives & Capital Markets Name : CA Gaurav Vohra Area : IFRS & US GAPP Name : Dr. Vinay Sharma Area : Business Communication Name : Mr. Tarun Jain Area : Investment Banking Name : Dr. Bhavna Barmi Area : Stress Management Name : Mr. Sunil Agarwal Area : Banking Management Name : Mr. Ashok Wadhwa Area : Technical Analysis Name : Mr. Manish Bansal Area : Derivatives Name : Mr. Sumit Agarwal Area : Capital Market Laws Name : Mr. Sunil Keswani Area : Team Building & Leadership Board Room COURSE DIRECTOR(S) Dr. A. M. Sherry Professor NIFM Faridabad Mr. G.C. Sharma Head Financial Education Schools and Universities NSE New Delhi Conference Hall 22 23
MEMBERS OF THE NIFM Society Shri P Chidambaram Hon ble Union Finance Minister President Shri Ratan P. Watal Secretary (Expenditure) & Chairman BoG, Ministry of Finance Chairman Shri Shankar Narayan Dy. Comptroller & Auditor General Member Shri Rajendra Kashyap Financial Commissioner (Rlys.) Ministry of Railways Member Ms. Vandana Srivastava Controller General of Defence Accounts, Ministry of Defence Member Ms. Annie Moraes Member (Finance) Department of Telecommunication Member Shri Jawahar Thakur Controller General of Accounts, Ministry of Finance Member Shri R. K. Paul Advisor (Cost) Ministry of Finance Member Shri P. K. Chaudhery Chief Secretary, Govt. of Haryana, Haryana Civil Secretariat Member Prof. S. S. Yadav HoD, Department of Management Studies, IIT, Delhi Member Prof. J. K. Mitra FMS, Sou Campus, Delhi University Member Dr. R. Ravi Kumar Professor, (OB & HR), IIM, Bangaluru Member Shri Purusottam Sen Professor, (Finance & Control) IIM, Kolkata Member Shri Pratip Chaudhuri Former Chairman, State Bank of India Member Shri Harsh Kumar Director, NIFM Member Secretary NATIONAL INSTITUTE OF FINANCIAL MANAGEMENT HOW TO REACH NIFM, SECTOR-48, PALI ROAD, NEAR BADKHAL LAKE, FARIDABAD FROM INDIA GATE (30 Kms.) & FROM NEW DELHI RAILWAY STATION (33 Kms.) 1. Reach Ashram crossing via Nizamuddin (8 Kms. from India Gate), from New Delhi Railway Station via Connaught Place (11Kms.). 2. From Ashram crossing take Maura Road and cross Apollo Hospital, Badarpur Border and come to Badkhal Morh/Indira Gandhi Chowk (17 Kms.). 3. Turn right and cross Railway overbridge, move on e Pali Road and come to Badkhal Lake crossing and proceed straight one km. to reach NIFM (5 Kms.). FROM INDIRA GANDHI DOMESTIC & INTERNATIONAL AIRPORTS (34 Kms. from Domestic Airport & 36 Kms. from International Airport) 1. Approach NH-8 and reach Mahipalpur Village junction and take Mehrauli road and after crossing Vasant Kunj, move on to Mehrauli Badarpur Road opposite Qutab Minar (15 Kms.), Cross Batra Hospital and move 2 Kms. on e road leading to Badarpur. 2. Turn right to road leading to Suraj Kund rough hilly pa. After crossing CITM/MVN School take left turn and come to Ankhir Morh round about via Sidhdata Temple (9 Kms.) 3. Turn right, cross Badkhal Lake crossing and proceed 1 Km. ahead for NIFM. FROM OLD FARIDABAD RAILWAY STATION (6 Kms.) 1. Cross KC Cinema and 3 No. DAV School and turn right at ESI Chowk and cross 3 No. and come to Sainik Colony, Sector-49. NIFM is situated in front of e Sainik Colony (6 Kms.) FROM FARIDABAD MAIN BUS STAND (3 Kms.) 1. Buses from AIIMS (28 Kms.), Sarai Kale Khan ISBT (24 Kms.) etc. are available for Faridabad main Bus Stand at Dussehra Ground. 2. From Bus Stand cross Metro Cinema and 3 No. & come to Sainik Colony, Sector-49. NIFM is situated in front of e Sainik Colony (3 Kms.). A GUIDE MAP FOR READY REFERENCE 24
APPLICATION FORM Post Graduate Diploma in Management (Financial Markets) 1 Year, Full Time (2014-15) 1. This application form is to be filled only by candidates having valid CAT/GMAT/XAT/ CMAT Score. 2. Sponsored candidates are eligible for direct admission wiout NIFM-NSE Online Test or CAT/GMAT/XAT/CMAT Score. 3. Please fill in all e details in CAPITAL letters only. 4. Demand Draft for Application fee of ` 900/- should be in favour of National Institute of Financial Management; payable at New Delhi or Faridabad. NAME (Mr./Ms./Mrs./Dr.) Faer s/husband s Name Date of Bir Address Mobile No. E-mail City State Pin Tel. No. (Residence) NSE National Stock Exchange of India Limited First Name Middle Name Last Name Nationality Latest Passport Size Photograph Educational Qualification Degree/Certificate University Year of Passing % Marks Name of e Sponsor Designation Organization Address for Communication City Pin Country Phone (O) E-mail Fax (R) TO BE FILLED IN BY THE SPONSOR (Only for Sponsored Executives) The organization undertakes to declare at upon admission of e candidate to PGDM (FM) programme conducted by NIFM-NSE, he/she shall be relieved to join e programme from 16 June, 2014. The participant would abide by rules and regulation governing e conduct of e said programme. Date Signature of e Sponsor & Stamp of e Organisation Work Experience (Please attach proof) CAT/GMAT/XAT/ CMAT Score (Attach copy of score card) Application Fees of ` 900/- (rough DD only) I undertake to declare at upon my admission to Post Graduate Diploma in Management (Financial Markets) conducted by NIFM-NSE, I would abide by rules and regulations governing e conduct of e programme. Signature of Applicant Years Mons DD No. Date Bank P.S.: Application form complete in all respects togeer wi DD of ` 900/-, list of enclosures, proof of educational qualification, valid CAT/GMAT/XAT/ CMAT score and work experience should reach on or before 09 May, 2014 at e following address. The envelop must be superscribed by Application for PGDM (FM) Please contact education counsellors National Stock Exchange of India Ltd. 4 Floor, Jeevan Vihar Building, Parliament Street New Delhi-110 001 e-mail - pgpfm@nse.co.in Tel. No: (011) 49393057, 49393062 Fax No: (011) 23459291, 49393091 Mobile No.: 9582230057 / 9718930064