TLDR;
This video provides a comprehensive overview of NISM (National Institute of Securities Markets) courses, particularly focusing on their relevance and utility for individuals seeking to build a career in finance. It clarifies the purpose of short-term courses like NISM, emphasizing their role in profile building and foundational learning rather than direct job placement. The video also highlights key NISM courses, specifically recommending NISM Series 15 (Research Analyst) for its broad coverage of finance-related topics, and suggests a combination of NISM/NCFM courses, Advanced Excel, financial modeling, and potentially basic Python skills for a well-rounded skill set.
- NISM courses are conducted by SEBI and are designed for profile building and foundational learning in finance.
- Short-term courses like NISM are not direct pathways to jobs but are valuable for resume enhancement and understanding core concepts.
- NISM Series 15 (Research Analyst) is recommended for its comprehensive coverage of finance topics, closely resembling MBA, FRM, and CFA curricula.
- A combination of NISM/NCFM courses, Advanced Excel, financial modeling, and basic Python skills is suggested for a strong finance resume.
Introduction to NISM Courses [0:00]
The video introduces NISM courses, which are conducted by the Securities and Exchange Board of India (SEBI). NISM offers multiple courses, addressing common questions about which courses to take, their benefits, and job prospects. The discussion aims to clarify the purpose and value of these courses, especially for those new to the finance field.
Understanding Short Term Courses [0:57]
The video defines short-term courses as those completed within one to two months, requiring less than 50 to 60 hours of study. These courses are designed for profile building and resume enhancement rather than direct job placement. Short-term courses provide a basic understanding of finance, acting as a stepping stone before pursuing more advanced certifications like CFA or FRM.
The Value of Short Term Courses [3:44]
The video emphasizes that the true value of short-term courses lies in gaining knowledge and building skills, which ultimately leads to job opportunities. It discourages the mindset of solely focusing on courses as a means to an end for securing employment. Instead, it advocates for genuine understanding and skill development, which makes individuals more attractive to potential employers.
NCFM vs NISM [4:36]
The video addresses the common question about the difference between NCFM (National Stock Exchange of India Certification in Financial Markets) and NISM courses. NCFM offers more courses than NISM. The speaker offers to create a separate video comparing NCFM and NISM if there is sufficient audience interest expressed through comments.
Recommended NISM Courses [6:36]
The video recommends focusing on three NISM series: VIII (Equity Derivatives), X (Investment Advisor), and XV (Research Analyst). Series X is primarily for those aiming to become investment advisors, while Series VIII and XV are more broadly applicable. NISM Series XV (Research Analyst) is highlighted as the most comprehensive, covering risk analysis, EIC analysis, business topics, CAPM model, and growth models like DDM and DCF.
NISM Series 15: Research Analyst [7:50]
The video explains that NISM Series 15 (Research Analyst) is the most similar to an MBA in Finance, FRM, and CFA. It covers a wide range of topics, making it a valuable foundation for a career in finance. While NISM Series VIII (Equity Derivatives) delves deeply into options and futures, Series 15 offers a broader perspective, making it the preferred choice for many.
Building a Finance Resume with Short Term Courses [11:10]
The video outlines a strategy for building a strong finance resume using short-term courses. It recommends focusing on one to two NCFM/NISM courses, Advanced Excel, financial modeling, and Power BI or Tableau. Additionally, it suggests learning basic to intermediate Python skills, especially with the increasing importance of AI in finance.
Final Thoughts and Special Offer [13:56]
The video concludes by emphasizing the importance of taking action and applying the knowledge gained from these courses. For viewers interested in NISM Series 15 or Financial Modelling, the speaker offers a special discount for the first 20 enrolled students, as part of an anniversary celebration. This offer includes access to both courses at a reduced price.