FAQs

Post Graduate Certificate Programme in

Global Financial Markets

(2015-16)
Last Date to Apply: 01 January 2016

Batch Starting: 05 January 2016

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 100 - 110 lakh
direct and indirect jobs in financial markets.
All these developments require competent and qualified experts. National Stock
Exchange (NSE) being 3rd worlds 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) & Post
Graduate Executive Certificate Programme in Global Financial Markets (PGECPGFM) starting from 5th January, 2016.
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
900 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
employability.

India

to prove their competency and

enhance their

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. Indias first PGCP-GFM & PGECP-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, Indias 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 Mumbai
9. Multiple career options in financial markets in USA, Singapore and India
10.Job ready for Indian, USA and Singapore financial markets
Q4. Where the classes would be conducted?
The classes will be held on full time basis, from Saturday & Sunday from 8:30am
onwards, NSE office in Mumbai at the address given below.
Western Regional Office:
National Stock Exchange of India Ltd.,
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (E)
Mumbai 400 051
Q5. What is the programme coverage?
The PGCP-GFM & PGECP-GFM is a full time 11 months, 4 quadmesters programme.
Each quadmesters will be of 3 months duration with 9 papers in each quadmesters,
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

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

Any 5 only

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

Quadmester IV Internship / Projects / MDPs

1. Internship/Projects/MDPs/Conferences / or
Optional-Additional Regulatory Certifications- USA/Singapore
Q6. Which regulatory certificates are part of GFM?
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
requirement of prospective employers.

keeping in mind the

Q7. Shall we study USA and Singapore financial market regulatory subjects
as part of 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 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 GFM, subject to employers requirement, suitability,
batch size etc. in the 4th quadmester.
Q8. What is the Programme schedule?
The classes for GFM will commence from 15th January 2016 with one week of
orientation. The quadmester wise schedule of classes and examinations is given
below.
Quad.
I

Particulars
Foundation

Academic Session
of

Global

Financial

15

th

Jan 16

th

Apr 16

Examination
Apr 2630, 2016

Markets
II
III

Financial Markets System in India

USA

&

Singapore

Financial

2nd May 16th Jul 16

st

1 Aug 15

th

Oct 16

Jul 2529, 2016

Oct 1822, 2016

Markets
Singapore Immersion
IV

Internship / Projects / MDPs

Oct 2430, 2016

November 2016

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.

Q10. What career opportunities are available on completion of 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, 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 GFM?
GFM is Indias first programme with Singapore, Indian and US regulatory
certifications focusing on enhancing global financial skills. It is clarified that 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. 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.
Q14. How pre-screening of candidates is done for getting selected for
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%)

Q15. What is the total investment for GFM?

The total investment for full time basis and on weekend basis, is of Rs. 4.50 Lakh and Rs.

3.50 Lakh per student respectively inclusive of Service Tax. The rate of service tax w.e.f
1st June is 14%.
Particulars

Investment

Last Date of Payment

Investment

4,50,000

10 Jan 2016

Registration

20,000

10 Jan 2016

Option I Lump-sum

4,30,000

14 Jan 2016

Option II - 2 instalments

2,20,000*2
11 March 2016

Option III - 3 instalments

1,50,000*3
12 Jun 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.
Q16. 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 (mention last date to apply).
Q17. I want to apply for the full time 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.; Mumbai

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 (mention last
date to apply) to:
Western Regional Office:
Priti Gupta
National Stock Exchange of India Ltd.,
6th floor, Kohinoor City, Tower 1,
Commercial II, Kirol Road,
Off. L. B. S. Marg
Kurla (W),
Mumbai 400 070

The envelop should be super scribed - Application for GFM

Q18. What is the pattern of NSE online exam for GFM?

NSE Online Objective Type Test will be held from 25th 31st December 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.
Q19. 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 from 25th 31st December 2015
For this they are required to register on the NSEs 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.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 on 022-25045107/085.
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.
Q20. When will the NSE online entrance test be held and in which cities?

The NSE online entrance test will be held from (test dates) 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.
Q21. 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 email, telephone etc. Their
names will also be posted on the website of NSE.
Q22. I am an outstation candidate. Can I appear for video interview?
The personal interview of shortlisted candidates will be held at NSE office in
Mumbai. 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.
Q23. 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

Q24. What are the important dates forGFM 2016?

GFM 2016-17
Application Closing Date

10st Jan 2016

NSE Online Test

25th -31st Dec 2015

Interviews

25th -31st Dec 2015

Last date to deposit Registration Amount

10st Jan 2016

Last date to deposit lump sum/1st instalment

14th Jan 2016

Commencement of Programme

15th Jan 2016

Q25. 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:

ACCOUNT No. :

AXIS BANK LIMITED

004010203376560

IFSC/RTGS

UTIB0000004

IFSC/NEFT

UTIB0000248

BRANCH

FORT, MUMBAI

A/C TYPE

CURRENT A/C

BENEFICIARY NAME

NATIONAL STOCK EXCHANGE OF INDIA LIMITED

3. By Demand Draft in favour of National Stock Exchange of India Limited,

payable at Mumbai.
*For all Net Banking and NEFT transfer, kindly mention the transaction reference
number and date of transfer in the registration form.
Q26. 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

022-25045107/085/8425999989.

guptap@nse.co.in
*****

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