TLDR;
This video provides a detailed comparison between NCFM (NSE Academy Certification in Financial Markets) and NIASM (National Institute of Securities Markets) certifications, explaining their relevance for individuals interested in finance. It clarifies who should pursue these courses, the structure and levels within NCFM, and the job market value of these certifications. The video emphasizes that while these certifications won't guarantee a job, they can significantly enhance a candidate's profile and demonstrate genuine interest in the financial field.
- NCFM and NIASM are short-term certifications beneficial for those exploring finance careers or seeking structured financial knowledge.
- NCFM offers four levels: Beginner, Intermediate, Advanced, and Pro, catering to different expertise levels.
- NIASM is similar to NCFM, with slightly lower fees and specific courses like Mutual Fund Distributor and Research Analyst being more professionally beneficial.
- These certifications differentiate candidates in the job market, showcasing their interest and knowledge in finance.
Introduction to NCFM and NIASM [0:00]
The video addresses common questions about NCFM and NIASM certifications, including their differences and value in securing employment. It aims to clarify whether these courses are worthwhile, especially for those new to the financial market. The speaker mentions a previous video dedicated to NIASM and states that this video will primarily focus on NCFM, comparing it with NIASM and providing a realistic perspective on job prospects after completion.
Understanding NCFM and NIASM [1:26]
NCFM, which stands for NSE Academy Certification in Financial Markets, is a series of short-term courses offered by the National Stock Exchange for Indian students and professionals. NIASM, an initiative by SEBI (Securities Exchange Board of India), offers similar certifications to enhance one's CV and impart financial market skills. The video highlights that both NCFM and NIASM are beneficial for individuals considering long-term finance courses or those seeking structured financial education.
Target Audience for NCFM and NIASM [2:00]
NCFM and NIASM are suitable for individuals contemplating long-term courses like CA and CFA, as they provide insight into the field and help gauge interest. These certifications offer a context for the content covered in more extensive courses, aiding in the decision-making process regarding long-term commitments. Additionally, they enhance a CV, making it more appealing to potential employers in the job market.
NCFM Course Structure and Levels [4:47]
NCFM, an initiative by the National Stock Exchange of India, offers certifications across four levels: Beginner, Intermediate, Advanced, and NCFM Pro. These courses cater to individuals interested in financial markets, investment analysis, and trading, with fees ranging from ₹2 to ₹2,000,000. Upon passing an exam, a certificate with a five-year validity is awarded. The levels are not sequential, allowing candidates to choose exams based on their preferences.
Choosing the Right NCFM Exams [5:39]
For those aiming for a finance career, the NCFM Advanced module offers exams in financial markets, securities market derivatives, and mutual funds. The Intermediate module includes exams for fundamental analysis, technical analysis, wealth management, and private equity and venture capital. It's recommended to select two to four certifications based on specific interests. For individuals seeking basic finance knowledge, courses from the Foundation module are suitable, though these are less valuable for professional purposes due to their beginner-level content.
NCFM Pro Series and NIASM Overview [6:51]
The NCFM Pro series covers specialized areas like cybersecurity for finance, environmental social governance (ESG), data analytics, enterprise risk management, and blockchain applications. NIASM is similar to NCFM but generally has slightly lower fees, with courses ranging from Rs. 1500 to Rs. 2000. Most NIASM exams do not have negative marking, and the pass percentage is 60%, with certifications valid for five years.
Professionally Beneficial NIASM Courses [7:58]
From a career perspective, the most beneficial NIASM courses are Mutual Fund Foundation, Mutual Fund Distributor, Research Analyst, and Equity Derivatives. Other NIASM courses can be pursued based on personal interest, but these four are particularly advantageous for professional growth.
NCFM vs. NIASM and Job Market Value [8:19]
There isn't a significant difference between NCFM and NIASM in terms of exam format and value. NCFM is relatively newer, but the material taught in both is quite similar. Companies often specify NIASM certifications for entry-level positions or internships, but this doesn't necessarily mean NIASM is superior; it's partly due to NCFM's recent emergence. Completing a relevant NCFM course is generally acceptable. While these certifications don't guarantee a job, they differentiate candidates by demonstrating genuine interest and initiative in the financial field. In a competitive job market, accumulating certifications and skills improves one's prospects.