FAQs Post Graduate Certificate Programme in. FAQs. New Delhi, Full Time Batch

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1 FAQs Post Graduate Certificate Programme in FAQs Post Investment Graduate Certificate Banking & Programme Research in Investment Weekend Banking Batch ( ) and Research New Delhi, Full Time Batch Last Last Date date to for Apply: Application: 03 rd January July th, 2018 Batch Batch Starting: July 27 th 27 January th, Q1. Why a Post Graduate Certificate Programme in Investment Banking & Research (PGCP-IBR) from NSE Academy and Moody s Analytics? With the NIFTY climbing past 11,000, India s market capitalisation (m-cap) is inching to the $2-trillion mark at $1.94 trillion in dollar terms. Only eight other countries have a higher m-cap. The benchmark NIFTY has gained 20 per cent in dollar terms so far in 2017, making it the best-performing index among global peers. India s m-cap is now 82 per cent of the size of the gross domestic products. The investment bankers, who just could raise $ 226 million from 45 issues during 2014, have raised $7443 million till October 2017 from new issues in the Indian market, a staggering 33 times the amount compared to just 3 years back. As such demand for investment bankers in India is set to rise. India s Prime Minister Shri Narendra Modi ji inaugurated the Gujarat International Finance Tec-City (GIFT City) in Gandhi Nagar, Gujarat, in January 2017, as a global financial and IT services hub on the lines of globally benchmarked financial centers such as New York, London, Hong Kong, Singapore and Dubai. GIFT City will target a 6-8% share of India s financial services potential and is expected to create about 100, ,000 direct and indirect jobs in financial markets. Investment banks are defined as companies that help other companies to increase financial capital in capital markets through issuance of stocks and bonds, among others. An investment bank offers such financial services as derivatives trading, and fixed income, foreign exchange, commodities and equity or advisory services for mergers and acquisitions. Investment banks are also involved in initial public offerings (IPOs), securities and bond trading, and broker services. Some important investment bank functions: Facilitating IPOs Investment management Mergers and acquisitions Merchant banking Research Risk management NSE Academy Ltd. (a wholly owned subsidiary of NSE), National Stock Exchange of India Limited, being a leading stock exchange in India and Moody s Analytics (M.A. Knowledge Services (India) Private Limited, a subsidiary of Moody s Corporation) are taking proactive steps to prepare competent professionals for skills required for investment banking and research in India. The programme offered is called Post Graduate Certificate Programme in Investment Banking & Research (PGCP-IBR) starting June 27, 2018, at the NSE Academy in New Delhi. Page 1 of 10

2 Q2. I want to know about Full time (PGCP-IBR) programme in Investment Banking & Research. The Full time programme (PGCP-IBR) is a highly specialized programme offered for the first time in India. It will be conducted over 11 months, divided into three trimesters, and consist of 27 papers, exposing participants to market best practices. In addition to the prestigious PGCP-IBR certification from NSE Academy and Moody s Analytics, successful participants will also receive regulatory certification in India s financial markets as proof of their competency and skills in Investment Banking and Research. Q3. What are the advantages and differentiating features of the programme? 1. It is a programme offered directly by NSE Academy and Moody s Analytics 2. It is India s first PG certificate programme in investment banking and research, and it comes with regulatory certifications 3. The investment banking & research curriculum is globally benchmarked 4. The programme is currently offered at the NSE Academy in New Delhi 5. It provides multiple career options in investment banking & research 6. It develops market skills through simulated/live market experience 7. It involves experiential learning, industry mentors, and case studies 8. Faculty comprises seasoned industry experts and experienced academicians Q4. Where will the classes be conducted? Classes will be conducted at the NSE Academy in New Delhi. The classes will be held on full time basis, from Monday to Friday from 8:30am to 4:00 pm. Q5. What subjects will the programme cover? The PGCP-IBR is a full time 11 months, 3 trimester programme. Each Trimester will have 9 papers. IBR 101. India s financial markets system IBR 102. Corporate finance IBR 103. Quantitative techniques for investment banking IBR 104. Accounting and IFRS Trimester I IBR 105. Economics and banking for financial markets IBR 106. Computer applications in investment banking IBR 107. Business and digital communication IBR 108. Current financial markets environment IBR 109. Career skills (logic and data interpretation) Page 2 of 10

3 Trimester II IBR 201. Mergers and acquisitions IBR 202. Merchant banking IBR 203. Capital market operations IBR 204. Mutual funds IBR 205. Fixed income securities IBR 206. Equity derivatives market and strategies IBR 207. Foreign exchange and currency markets IBR 208. Investment advisory IBR 209. Workshop: Research report writing/trust and ethics/emerging issues in financial markets IBR 301. Investment banking IBR 302. Financial valuations and modeling IBR 303. Equity research IBR 304. Credit research IBR 305. Technical analysis Trimester III IBR 306. Taxation and anti-money laundering IBR 307. Regulatory framework in financial markets IBR 308. Project/Workshop/MDP/Emerging issues in investment banking IBR 309. Workshop: Personal grooming and branding Financial markets are dynamic in nature, and NSE Academy and Moody s Analytics therefore reserve the right to change, remove or add subjects they believe will best serve the interests of the students. Q6. Which regulatory certificates are parts of PGCP-IBR? Successful completion of the PGCP-IBR curriculum will include the award of 8 regulatory certifications in India s financial markets. These certificates will relate to areas such as equities, derivatives, currencies, mutual funds, financial advisory, research etc. considering requirements for prospective employment. Q7. Will this course be of value if I already hold an MBA? There are many differences between the finance that students learn in a business school and how things are actually done in the real world of investment banking and finance. While we also always explain the theory behind the concepts that we teach, this course is focused on the practical aspects of finance. Therefore, we believe that most of what we teach goes beyond, often far beyond, what students might have learned in an MBA programme. Page 3 of 10

4 Q8. I already work in the financial sector. How will this programme help me? Taking this class will put the students, one step ahead of their peers. The students will be more familiar with the concepts of valuation and financial modeling. Students will get up to speed quicker, add value to their deal teams faster, and distinguish themselves through the skills they have already learned. In addition, we will also be conducting case studies, market skill development through simulated/live market experience and other activities to ensure students become good analyst/associate and investment banker. Q9. What is the programme schedule? Classes for the Full time programme will commence on July 27, The following table details the schedule of classes and examinations: Trimester Academic session Examinations I July Sep 2018 Oct 8-18 (2018) II October 22-Januray 18, 2019 January 28-7 Feb (2019) III February 11-May 10, 2019 May (2019) Q10. What career opportunities will be available on programme completion? Globally, India is positioned as the fastest growing economy. Indian Financial Markets are among the highest growth markets. Coupled with this, the business cycle in the country too is on the upswing. Recently, there has been a spate of successful IPOs in the Indian market and the secondary market indices are at an all-time high. All these fundamentals provide an excellent opportunity for aspirants in this field. Investment Banking and Research professionals would therefore be in high demand. Today, almost every Investment bank in the world have their middle-office and back-office operations in India. India has the unique selling proposition of harboring the best talent pool in the world, proven by the fact that today the country houses the largest number of captive IB offices as well as third-party services (Financial KPOs) offerings. Further, not just the financial markets but the corporate finance activity is also on the uptick and there is a huge demand for Financial and Business Analysts in non-financial corporate sector. This qualification can earn you the post of associate, analyst, researcher, analyst equity, analyst technical, portfolio manager, risk manager, or financial journalist. Captives units in India also send their employees overseas for client projects. PGCP-IBR graduates can therefore look forward to career opportunities not only in India but overseas as well. You will learn the practical aspects of finance, economics, business research, company valuations. One can certainly aim at enriching their résumé and job search by improving your interview skills and by making you more marketable to investment banks and other financial institutions. Q11. What are the general responsibilities of each role mentioned above? Most investment banks have the same strict hierarchy or ladder of financial professionals. From junior to senior, the typical hierarchy is (1) Analyst, (2) Associate, (3) Vice President (VP), (4) Senior Vice President (SVP)/Director and (5) Managing Director (MD). Some banks have different names for some of these positions, but the respective responsibilities tend to be consistent. Page 4 of 10

5 Analysts are typically individuals directly out of undergraduate institutions and who join an investment bank for a two-year stint. They form the bottom rung of the investment banking ladder and therefore do the bulk of the actual "work." Associates are typically those directly out of top MBA programme or Analysts who have been promoted. The first responsibility of an Associate is to oversee and check the work of the Analyst. The Associate will also often help with presentation and analytical work, including financial modeling. The primary role of a VP is project manager, whether for marketing activities or while on a live transaction. The VP must manage the client and the more senior bankers, and oversee the work of the Analysts and Associates. The SVP/Director may play a role similar to that of the VP or play a client development role like the MD. As the senior-level banker, the MD s role is mostly one of client development. The MD will likely be the individual with senior-level company relationships and is typically responsible for leading marketing efforts. Q12. What is the career ladder for investment banking? Profiles in investment banking can be broadly classified under five categories: Front-office risk management: Risk management involves analyzing the market and credit risk that an investment bank or its clients take onto their balance sheets during transactions or trades. Credit risk focuses on capital markets activities, such as syndicated loans, bond issuance, restructuring, and leveraged finance. Front-office market risk activities provide services to investors via derivative solutions, portfolio management, portfolio consulting, and risk advisory. Risk management is a broad area, and like research, its roles can be client-facing or internal. Middle office: This includes corporate treasury management, internal controls, and internal corporate strategy. Back office: This involves data-checking trades that have been conducted, ensuring that they are not wrong, and transacting the required transfers. This is a critical component of the investment bank. Technology: Every major investment bank has a considerable amount of in-house software, created by the technology team also responsible for technical support. Technology has changed considerably in recent years as more sales and trading desks have begun to employ electronic trading. Some trades are initiated by complex algorithms for hedging purposes. Firms are responsible for compliance with local and foreign government regulations and internal regulations. Other businesses: Global transaction banking: Provides cash management, custody services, lending, and securities brokerage services to institutions. Investment management: Provides professional management of various securities and other assets, to meet specified investment goals for the benefit of investors. Investors may be institutions or private investors. The investment management division of an investment bank is generally divided into separate groups, often known as private wealth management and private client services. Merchant banking: Offers capital in exchange for share ownership rather than loans, and offers advice on management and strategy. Merchant banking is also used to describe the private equity side of a firm. Q13. Does NSE Academy and Moody s Analytics assist with placements? Moody s Analytics will provide placement assistance to all successful PGCP-IBR candidates. Page 5 of 10

6 Q14. What is the status of PGCP-IBR? PGCP-IBR is India s first programme in Investment Banking with 8 Indian regulatory certifications focusing on enhancing financial market skills. It is, however, clarified that PGCP-IBR 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 NSE Academy and Moody s Analytics to develop Investment Banking & Research skills in high demand. Q15. What are the eligibility criteria for the Full time PGCP-IBR programme? The eligibility criteria for admission to full time PGCP-IBR is given below: Graduation with 50% marks from a UGC recognised Indian university. Upper age limit is 40 years as on , the commencement date of the programme. Preference would be given to the participants having professional qualifications such as CA, CS, CWA, CFA, MBA, M.Com etc. Due weightage shall also be given to candidates with experience. Q16. How pre-screening of candidates is done for getting selected for the full time PGCP-IBR? Pre Screening of candidates will be done on basis of their Academic Profile (20%), CAT/GMAT/XAT/CMAT/MAT/ATMA or any other state PG Management Aptitude Test Score or NSE s Common Admission Test Financial Markets (NCAT-FM) (50%) Personal Interview (30%) Q17. I have valid CAT/GMAT/XAT/CMAT/MAT/ATMA or any other state PG Management Aptitude Test Score and I want to apply for the full time PGCP-IBR, how should I proceed? 1. Candidates need to send application in the prescribed form from NSE website or already given at end of FAQs as Annexure A. 2. The candidate should send completed application form along with resume, proof of educational qualifications, work experience (if any), copy of CAT/GMAT/XAT/CMAT/MAT/ATMA or any other state PG Management Aptitude Test Score card (Score should not have expired) and application fee of Rs.900/-. 3. The fees should be paid by Demand draft in favour of NSE ACADEMY LIMITED. 4. The demand draft should be payable at New Delhi. 5. Alternatively you can also pay by internet banking using NEFT/RTGS as per details given below: BANK NAME : HDFC BANK A/C NO : IFSC/RTGS/NEFT : HDFC BRANCH : NEW DELHI SURYA KIRAN KG MARG A/C TYPE : CURRENT A/C BENEFICIARY NAME : NSE Academy Limited Please simultaneously send (along with application form) or/and proof of payment (like screen shot, transaction no., amount, bank and date of payment). 6. The application with enclosures should be sent to National Stock Exchange of India Limited (NSE) 4 th Floor, Jeevan Vihar building, Parliament Street, New Delhi. The envelop should be super scribed - Application for PGCP-IBR Simultaneously, scanned copy of all the documents of the application including proof of fees should also be ed to gsuri@nse.co.in, kkapoor@nse.co.in. Page 6 of 10

7 Q18. I want to appear for NCAT-FM examination for admission to full time PGCP- IBR, how should I proceed? First of all you need to create NCFM ID (NSE s Certification in Financial Markets ID). Incidentally, if a candidate already has NCFM ID, he/she can directly enrol for NCAT-FM Examination. Candidates not having NCFM Id need to follow the procedure given below or may contact NSE Academy Representative as per FAQ no. 25 for any assistance. How to create NCFM ID? 1. Please login to and go to Education menu. (Use Internet Explorer only) 2. Click on NSE Fintalent/NCFM Login and then 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. Login your registered ID and activate the link. How to Register for NCAT-FM Examination? 6. You can now login with your NCFM user id and password. You can pay the fees of Rs.900/-, book your seat for the NCAT-FM 7. An online hall ticket for the NCAT-FM will be generated for which you should take the Printout. 8. You need to carry this hall ticket along with id proof for appearing in the test. 9. In case of any query please contact the branch counsellor. Once you have registered for the test, the application with enclosures should be sent immediately at NSE Academy Ltd, Delhi for admission at the address given in FAQ no.25. The envelop should be super scribed - Application for PGCP-IBR Simultaneously, scanned copy of all the documents of the application including proof of online payment fees should also be ed to gsuri@nse.co.in, kkapoor@nse.co.in. Q19. I want to appear for NCAT-FM examination, which centres I can appear for the examination? You can appear for the NCAT-FM examination by blocking seat from 16 th to 20 th May on any slot convenient to you at any of the 40 centres in India as per list given below: List of NCAT FM Test Centres 1 Agartala 15 Guwahati 29 Pondicherry 2 Ahmedabad 16 Gwalior 30 Pune 3 Allahabad 17 Hyderabad 31 Raipur 4 Amravati 18 Indore 32 Rajamundry 5 Aurangabad 19 Jammu 33 Rajkot 6 Bhopal 20 Kanpur 34 Ranchi 7 Bhubaneshwar 21 Kolkata 35 Shimla 8 Chandigarh 22 Lucknow 36 Surat 9 Chennai 23 Ludhiana 37 Trivandrum 10 Coimbatore 24 Manglore 38 Udaipur 11 Dehradun 25 Meerut 39 Varanasi 12 Delhi 26 Mumbai 40 Vizag 13 Dhanbad 27 Nagpur 41 Banglore 14 Goa 28 Patna Page 7 of 10

8 Q20. What is the pattern of NCAT-FM exam for PGCP-IBR? NSE Online Objective Type Test will be held as per your scheduled date. The test is held on the pattern of Management Aptitude Tests such as CAT/GMAT/XAT/CMAT/MAT with the weightage to different areas as follow: 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% mark for incorrect answer. Q21. When will the result of candidates selected for interview be declared? Candidates who are shortlisted for interview based on their valid CAT/GMAT/XAT/CMAT/MAT/ATMA or any other state PG Management Aptitude Test Score, or NCAT-FM examination will be called for interview at New Delhi. Outstation candidates can also appear for Skype interview. Q22. If selected, which documents do I need to submit and when? The onus to check eligibility for admission is on the candidate. At time of application, please submit copies of the following documents and carry the originals when called for an interview: Graduation mark sheets for grades 10 and 12 Birth certificate Copy of résumé Application form Proof of work experience(if, any) Q23. What is the total investment for the full time PGCP-IBR programme? The total investment is INR 3, 33,000 (Rupees Three lakh thirty three thousand). The current applicable tax is 18% GST. Payment options are as follows: Particulars Investment Last Date of Payment Investment Option I - Lump-sum Balance 3,33,000(+18% GST) 3, 33,000 (+18% GST) July 23, 2018 Option II - 2 instalments Option III - 3 instalments 1,71,500*2(+18% GST) 1,17,667 * 3(+18% GST) July 23, 2018 Sep 22, 2018 July 23, 2018 Sep 22, 2018 Jan 12, 2019 Course fees are inclusive of cost of study material, tuition fees, and market simulation lab fees. They also include one-time regulatory examination fees for eight Indian regulatory modules. The expenses, not specifically mentioned in FAQ, if any, will be borne by the candidate(s). Page 8 of 10

9 Q24. What is the schedule for the full time PGCP-IBR programme for ? PGCP-IBR Date/s Day Application closing date July 16, 2018 Monday NCAT-FM date July 17 & 18, 2018 Tuesday & Wednesday Personal/Skype interviews July 20, 2018 Friday Notification of final list of selected candidates July 21, 2018 Saturday Last date to deposit registration fees (INR20,000)//1 st instalment July 23, 2018 Monday Commencement of programme July 27, 2018 Thursday Q25. If I need any further clarification, whom can I contact? If you require further information, please write to kkapoor@nse.co.in or gsuri@nse.co.in. Alternatively, you may contact the following representatives of the NSE Academy: New Delhi National Stock Exchange of India Limited, 4 th Floor, Jeevan Vihar Building, Parliament Street, New Delhi Contact Us: Garima: gsuri@nse.co.in Karan Kapoor: kkapoor@nse.co.in ***** Page 9 of 10

10 APPLICATION FORM Annexure A Post Graduate Certificate Programme in Investment Banking and Research Full Time, (PGCP-IBR ) Batch starting: July 27, 2018 Last date for application: July 16, 2018 Please fill all details in CAPITAL letters only 1. The application form, with all relevant enclosures should, be sent on or before July 16 th, 2018 to the NSE Academy, Delhi 2. Please attach a list of enclosures and mark all enclosures as Annexure 1, 2, 3, etc. 3. Specify Application for PGCP-IBR (Full time Batch) on the top left of the envelope Name (Mr./Ms./Mrs./Dr.) Father s/husband s name Latest Passport Size Photograph First name Middle name Last name Date of Birth Nationality Address City State Pin Mobile no. Tel. no. (Residence) Location (Delhi) PAN Number Educational Qualification Degree/ Certificate University/ Board Year passed % Marks Post-Graduation Professional Qualification Graduation 10+2 Work experience as of July 27, 2018 (please attach proof) Years: Months: CAT/MAT/XAT/CMAT Others Score : Application fee (INR 900) Appearing for NCAT-FM(yes/no) If yes, then NCFM-ID: DD no. Dated: Bank Name: By signing this application form, I hereby AGREE AND UNDERTAKE that The PGCP-IBR programme conducted by NSE Academy and Moody s Analytics and my participation therein the same are subject to and governed by the Rules and Regulations. I have carefully read and fully understood the curriculum content and all Rules and Regulations prior to signing this application form. I will strictly abide by the Rules and Regulations and that failure to do so would entitle NSE Academy and Moody s Analytics to cancel or revoke my participation in the programme without further recourse, wherein their decision shall be final and binding. Signature of Applicant Date: / /2018 Note: PGCP-IBR is neither a degree nor a diploma and is not recognized by either the All India Council for Technical Education (AICTE) or the University Grants Commission (UGC). Page 10 of 10