FAQs

Post Graduate Programme in

Global Financial Markets (2015-16)

Last Date to Apply: 22nd June Batch Starting: 27th July

Q1. Why a Post Graduate Program 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 100 - 110

lakh direct and indirect jobs in financial markets. National Stock Exchange had

independently signed a Memorandum of Understanding (MoU) with GIFT City for

setting up an international stock exchange to bring the international market for

India-related rupee and index products onshore.

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 Programme in Global Financial Markets (PGP-GFM) starting from 27th

July, 2015.

Q2. I want to know about, full time, PGP- Global Financial Market.

PGP (GFM) is a highly specialized programme being offered for the first time in

India with global regulatory certifications from USA, Singapore and India. The PGP-

GFM is a 11 months, full time programme divided into 4 quadmesters with 1020

hours of intensive training. In addition to the prestigious PGP-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

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 PGP-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. Program 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. Program 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 – 110 001

Q5. What is the program coverage?

The PGP (GFM) is a full time 11 months, 4 quadmesters program. Each

quadmesters will be of 3 months duration with 9 papers in each quadmesters,

followed by 2 months of internship/projects.

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

Quadmester I – Foundation for Global Financial Markets

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

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

6. Entrepreneurship of Financial Services

7. Trust, Ethics and Relationships

8. Hedge Funds

9. Taxation and Anti Money Laundering

1. Internship/Projects/MDPs/Conferences / or

Optional-Additional Regulatory Certifications- USA/Singapore

Q6. Which regulatory certificates are part of PGP-GFM?

PGP-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.

Q7. Shall we study USA and Singapore financial market regulatory subjects

as part of PGP-GFM?

Quadmester II – Financial Markets System in India

Quadmester III – USA & Singapore Financial Markets

Quadmester IV – Internship / Projects / MDPs

Any 5 only

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 PGP-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 PGP-GFM, subject to employer’s requirement,

suitability, batch size etc. in the 4th quadmester.

Q8. What is the Programme schedule?

The classes for PGP-GFM will commence from 27th July 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

Markets

27th Jul – 16th Oct 15 Oct 26–30, 2015

II Financial Markets System in India 2nd Nov – 16th Jan 16 Jan 25–29, 2016

III USA & Singapore Financial

Markets

1st Feb – 15th Apr 16 Apr 18–22, 2016

Singapore Immersion Apr 24–30, 2016

IV Internship / Projects / MDPs 1st May – 30th Jun 16

Q9. What shall we be doing during Singapore Immersion program?

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.

Q10. What career opportunities are available on completion of PGP (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 PGP-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, PGP-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 PGP (GFM)?

PGP (GFM) is India’s first program with Singapore, Indian and US regulatory

certifications focusing on enhancing global financial skills. It is clarified that PGP

(GFM) is neither a degree nor a diploma and is not recognized either by AICTE or

UGC. It is an autonomous post graduate 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 PGP-GFM is a global financial market program, 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

Q14. What are the eligibility criteria for the programme?

The minimum eligibility criteria are:

All Participants 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. or having experience in

the financial sector.

Q15. How pre-screening of candidates is done for getting selected for PGP

(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. Am I eligible for bank loans if I go for this programme?

Yes, banks do provide loans to our candidates. We can guide the students for the

same. Further information will be provided at the time of admission.

Q17. What is the total investment for PGP-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 1st June is 14%.

Particulars Investment Last Date of Payment

Investment 4,50,000

Registration 20,000 14.07.2015

Option I – Lump-sum 4,30,000 On or before 23rd July 2015

Option II - 2 instalments 2,20,000*2 1st instalment by 23rd July 2015

2nd by 16th October 2015

Option III - 3 instalments 1,50,000*3 1st instalment by 23rd July 2015

2nd by 16th October 2015

3rd by 15th 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

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.

Q18. I am in the final year of graduation. Can I apply?

Yes, you may apply for provisional admission. Since this is a Post Graduate

Programme, admission will be confirmed only on submission of proof of passing

graduation on or before 30th September 2015.

Q19. I want to apply for the full time PGP (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.900/-

The fees of Rs.900/- can be paid by three modes: a)Demand Draft b)online

payment c)Cash

The Demand draft of Rs.900 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.900/- in cash at

National Stock Exchange of India Ltd.; New Delhi.

Online payment of Rs.900/- can be made through NCFM profile for

candidates appearing for NSE online test.

The application with enclosures should be sent on or before 22nd June

2015 to the

Head, Financial Education (Schools & Universities)

National Stock Exchange of India Ltd.

4th Floor, Jeevan Vihar Building

Parliament Street, New Delhi – 110001

The envelop should be super scribed - Application for PGP(GFM)

Q20. What is the pattern of NSE online exam for PGP (GFM)?

NSE Online Objective Type Test will be held from 23rd – 27th June 2015. 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%).

The online objective test will be for 2 hours duration with negative marking of 0.25

per mark for incorrect answer.

Q21. 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 23rd – 27th June 2015.

For this they are required to register on the NSE’s website as per the steps given

below:

1. Login to www.nseindia.com 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 email. 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.900/-, 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 9582230057 / 9718930064 / 9911037288 /

9911085488.

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.

Q22. When will the NSE online entrance test be held and in which cities?

The NSE online entrance test will be held from 23rd to 27th June 2015 at 154 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 154 centres is enclosed as Appendix to the FAQ.

Q23. When will the result of NSE online entrance test be declared?

The names and roll numbers of candidates shortlisted for personal interview based

on CAT/GMAT/XAT/CMAT/MAT score or NSE Online Test score will be posted on the

website of NSE on 30th June 2015 and intimation will also be sent by email.

Q24. 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.

Q25. 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

Q26. What are the important dates for PGP (GFM) 2014?

PGP(GFM) 2015-16

Application Closing Date 22 June,2015

NSE Online Test 23-27 June, 2015

Declaration of Result of Online Test 30-Jun-15

Personal/Skype Interviews 3 -5 July ,2015

Declaration of first list of selected candidates 06-Jul-15

First List – Last date of Registration of selected candidates 14-Jul-15

Announcement of second list selected candidates 15-Jul-15

Second List – Last date for registration of selected candidates 21-Jul-15

Last date to deposit lump sum/1st instalment 23-Jul-15

Commencement of Programme 27-Jul-15

Q27. How can I make payment for the program?

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. : 00030650000016

IFSC CODE: HDFC0000003

BRANCH: G-3-4, SURYA KIRAN BUILDING,

19, KASTURBA GANDHI MARG, NEW DELHI – 110001

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.

Q28. 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 9582230057 / 9718930064 / 9911037288 / 9911085488. You can

also email to – pgpgfm@nse.co.in

*****