In their finance classes, MBA students learn about the basics of the derivatives market and the use of derivative products in speculating, hedging and arbitraging.
Moreover they learn about the trading, clearing, settlement, risk management, regulatory, accounting and taxation issues related to equity derivatives.
Second-year students at the Amrita School of Business at Amritapuri campus not only learned all these concepts in their Financial Derivatives class offered in the final trimester, they also received a certification recognized by industry.
Nine students of the class underwent the National Stock Exchange (NSE)’s exam and successfully obtained the National Certification in Financial Markets (NCFM).
The certificate is valid for three years. Should they choose to, they can renew the certificate by re-taking the exam after three years.
“This certification will enhance the employability of our students, as many financial services firms have made it mandatory for their employees,” informed Prof. Sougata Ray, who taught these students.
The students obtained certification in the Derivatives Market (Dealer) Module.
Certifications are currently available in 32 modules, which cover different sectors of financial and capital markets, both at the beginner and advanced levels.
The National Stock Exchange conducts online examinations to awards these certifications.
“The exam tests the practical knowledge and skills required to operate in financial markets,” shared Sougata. “The tests are conducted at NSE offices and NSEiT centers across the country. Our students took the exam at NSEiT Kochi.”
More information was shared by Aravind N, second-year MBA student at Amrita, who obtained the NCFM Certificate.
“The two-hour online test consisted of 60 questions for 100 marks, where 60% was the cutoff for obtaining the certificate,” he said.
“Our class helped us become active participants in the stock market, and we learned about the processes and the complexional outlook of the market. This was one of the best courses in our curriculum,” he added.
“Our students are now getting certificates that more experienced people in finance usually get. We plan to encourage more students to get similar certifications in other finance courses also. In the coming months, we can make it an integral part of the curriculum,” stated Prof. Jay Misra, Chairperson, Amrita School of Business, Amritapuri.
April 30, 2012
School of Business, Amritapuri