Worth of NISM Certificates – Why is it so important?

by Prateek Mazumder on Equity Market

The financial market of any country is considered to be the backbone of its economy. In any country, whether it is a developing one like India or a developed nation like the United States of America, without the capital market of that country, the economy would have a very hard time to survive. Hence, the role of the stock market and the stock exchanges of any country is enormous in its day to day activities.

Without a proper knowledge and education about the financial market, one cannot entirely focus on a career of the stock market of a country. The National Institute of Securities Markets (NISM), which is the educational arm of the Securities Exchange Board of India (SEBI) has taken a major step in India since 2006 to develop the level of financial education in the country.

NISM helps the market participants of India to develop their financial skills to the right level and expertise. This helps them to provide high-quality service and actions to anyone who wishes to invest in the financial markets. With the knowledge gathered through various courses and certifications conducted by NISM, they are able to help the investors to make informed decisions about how to invest their money.

You can watch the video below to get a better idea of the different NISM Examinations:

The NISM is a public trust which was established in 2006 by SEBI which is the regulatory authority for the Securities Market in India. It carries out a wide range of courses and offers certifications to market participants. Its goal is to improve the knowledge levels of anyone who wishes to participate in the Indian stock markets. The institute has six schools and educates people for the professionalism and standardization of the securities markets.

Also ReadHow Does SEBI Play An Important Role In Our Economy?

The NISM has the following certifications in their programs which add to their educational qualifications and skill sets. The list goes as follows:

NISM exam list

The NISM certification is very valuable as a core qualification for students and professionals looking for a career in the financial markets. It is open for people from any educational background, not only to those from commerce, management or economics.

Freshers with just a graduation degree and a NISM certification can make decent careers in the financial services industry. Passing the various certifications of NISM is the prerequisite for activating and operating the securities trading terminals in India. So, if you want to build a career as a stockbroker, or as the employee of a stockbroking firm, you need to get certified by NISM compulsorily.

NISM publishes various books and articles for the market participants to enhance their skills and knowledge. Most of the examinations have a validity period of 3 years after which the candidate has to reappear in the examination. This is mandated because the world of financial markets is an ever-changing and dynamic field and the candidates have to keep updating themselves so that they are in tandem with the developments in the financial markets. If you are interested in appearing for the NISM certification you can join an easy online based NISM preparatory module in NISM Preparatory courses by Elearnmarkets.

For someone to appear in the examinations conducted by NISM, having a PAN ID is compulsory. For a step by step process of how to enrol and appear in the certification process, you can click on How to Register and Enroll for NISM Certification Examination.



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    • Hello Mukti,

      Thank you for your comment.

      The passing of NISM Certification Examinations is a regulatory requirement for various job roles in the Indian Securities Markets such as Investment Advisors, Mutual Fund Distributors, Dealers, Research Analysts ,etc.

      With the development of the Indian Securities market the demand for NISM Certified candidates has increased.

      Depending upon your interest, the passing of the relevant NISm Certification Examination will definitely enhance your career prospects in the Indian Securities Market.
      You may check out some of our NISM Preparatory courses which will help you in the preparation of these exams.
      Happy Learning!!

    • Hello Preetam,

      Thank you for your comment.

      Depending on which role you want to perform and which segment of the Financial Market you want to work at, you will have to pass the relevant NISM Examination

      You can enroll in NISM Preparatory courses on Elearnmarkets.com in order to prepare better for your NISM Examinations.

      Happy Learning!!

  • I have completed my MBA and 2 yrs of experience in Corporate Action. Also will be apppearing for CFA and NISM Equity Derivative module. Please suggest am I going right.

    • Hello Akash,

      Thank you for your comment.

      Since you have not mentioned the role in which you want to work in the Financial Markets, it would not be possible for us to guide you in a proper manner.

      In a generalized manner:
      CFA is necessary to become a hardcore fundamental analyst.

      On the other NISM Series, 8 has been made mandatory by SEBI for all sales personnel and other approved users of trading members of either Equity segment or Equity Derivatives Segment.
      To know more about the different career opportunities in Finance you can read: Career Opportunities in Financial Markets in India
      Happy Reading!!

  • Hi im working at hsbc back office..but wanted to join in bank securities ltd, in stock markets and mutual funds. Im nt from a finance background. Can you please guide me which module should i write

    • Hello Nandini,

      Thank you for your comment.

      You have not mentioned in which role you want to joint in bank securities Ltd in the stock market and mutual funds.

      Each role requires a different NISm Certificate.

      For example: If you want to become a research analyst in the stock market you need to mandatorily qualify NISM Series XV: Research Analyst Certification Examination
      If you want to sell mutual fund products you will have to mandatorily qualify NISm Series V(A): Mutual Fund Distributors Certification Examination

      If you are looking to prepare for your NISM Certification Examinations: you can check out our NISM Preparatory Courses.
      Happy Learning!!

    • Hello Ashok,

      Thank you for your comment.

      We do not have domain expertise to guide you with regards to the issue faced by you.

      You can contact NISM who will be the best person to guide you in this case.

      If you are looking for preparatory courses on NISm Examinations, you may check out our : NISM Preparatory courses.

      Happy Learning!!

  • Hi mam,
    I am lalith kumar from vizag. I pursued MBA Finance . I’m looking for permanent (life time valid) research analyst certification . Even suggest me technical analyst certification also in similar to develope my core basic charting knowledge. Where I’m expecting a complete view of capital markets business sub- broking & even PMS licence in briefly. I hope there will be a proper and speedy reply with relied sources of websites .
    Thanking you mam !

  • Sir.
    I want to be a good reaserch analyst, if i passed nism examination, which type of companies will offer me to provide a good job, and how much salary i will get in that fied,
    Thanking you sir

  • Hello mam
    I would like to join NISM Series XV: Research Analyst Certification Examination. What is the eligibility criteria ? Can a person without graduation join the course?

  • I want to work with mutual fund companies than which course i have to do like distribution ship/amc type work.

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