FAQs

Post Graduate Certificate

FAQs Programme in
PostInvestment Banking & Programme
Graduate Certificate Research in
Weekend
Investment Batch (2017-18)
Banking and Research
New Delhi, Full Time Batch-2018-19

Last Date
Last datetofor
Apply: 03rd January
Application: 2018
March 19, 2018 Batch
BatchStarting:
Starting:27
th
JuneJanuary
27, 20182018

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 2016-17 gross domestic product. 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-
110,000 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 9
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.

Trimester I

IBR 101. India‟s financial markets system

IBR 102. Corporate finance
IBR 103. Quantitative techniques for investment banking
IBR 104. Accounting and IFRS
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 9
 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

Trimester III
IBR 301. Investment banking
IBR 302. Financial valuations and modeling
IBR 303. Equity research
IBR 304. Credit research
IBR 305. Technical analysis
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 9
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 June 27, 2018. The following
table details the schedule of classes and examinations:

Trimester Academic session Examinations

I June 27- 28 Sep 2018 Oct 8-18 (2018)

October 22-Januray 18,
II January 28-7 Feb (2019)
2019
III February 11-May 10, 2019 May 17-27 (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 9
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 9
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 27.06.2018, the commencement date of the
programme.
 Preference would be given to the participants having professional qualifications
such as CA, CS, CWA, CFA, MBA, 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 (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 : 00030340069121
IFSC/RTGS/NEFT : HDFC0000003
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 email 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) 4th Floor, Jeevan Vihar building, Parliament Street, New
Delhi. The envelop should be super scribed - Application for PGCP-IBR

Page 6 of 9
Simultaneously, scanned copy of all the documents of the application including proof of
fees should also be emailed to gsuri@nse.co.in, kkapoor@nse.co.in.

Q18. 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, will be called for interview at New Delhi. Outstation candidates can also appear
for Skype interview.

Q19. 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)

Q20. 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 3,33,000(+18%
GST)
Registration 20,000(+18% GST) March 28, 2018

Option I - Lump-sum 3, 13,000 (+18%

Balance GST) April 28, 2018
Option II - 2 instalments 1,61,500*2(+18%
GST) April 28, 2018
Sep 22, 2018

Option III - 3 instalments 1,11,000 * 3(+18% April 28, 2018

GST) Sep 22, 2018
January 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).

Q20. What is the schedule for the full time PGCP-IBR programme for 2018-19?

PGCP-IBR 2018-19 Date/s Day

Application closing date March 19, 2018 Monday
March, 22 & 23
Personal/Skype interviews Thursday & Friday
2018
Notification of final list of selected
March 24, 2018 Saturday
candidates
Last date to deposit registration fees
March 28, 2018 Wednesday
(INR20,000)
Last date to deposit lump sum/1st
April 28 , 2018 Saturday
instalment
Commencement of programme June 27, 2018 Wednesday
Page 7 of 9
Q21. 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,

4th Floor, Jeevan Vihar Building,
Parliament Street, New Delhi 11001

Contact Us:
Garima: 97 1893 0064
Email: gsuri@nse.co.in

Karan Kapoor: 87 4383 0555

Email: kkapoor@nse.co.in

*****

Page 8 of 9
 Annexure A
APPLICATION FORM

Post Graduate Certificate Programme in

Investment Banking and Research
Full Time, (PGCP-IBR 2018-19)
Batch starting: June 27, 2018 Last date for application: March 19, 2018

Please fill all details in CAPITAL letters only

1. The application form, with all relevant enclosures should, be sent on or before
March 19, 2018 to the NSE Academy, Delhi
Latest
2. Please attach a list of enclosures and mark all enclosures as Passport Size
Annexure 1, 2, 3, etc. Photograph
3. Specify “Application for PGCP-IBR
(Full time Batch)” on the top left of the envelope
Name First name Middle name Last name
(Mr./Ms./Mrs./Dr.)

Father’s/Husband’s name

Date of Birth Nationality

Address

City State Pin

Mobile no. Tel. no.

(Residence)

Email

Location (Delhi) PAN Number

Educational Qualification Degree/ University/ Year passed % Marks

Certificate Board

Post-Graduation

Professional Qualification

Graduation

10+2

Work experience as of June Years: Months:

27, 2018 (please attach proof)

CAT/MAT/XAT/CMAT
Others Score:

Application fee (INR DD no. Dated: Bank Name:

900)

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 9 of 9