The course will start on August 23 and will have 170 contact hours spread over a period of four months.
The selection of the course will be on the basis of candidate interviews conducted by faculty members from IIFT as well as officials from the Bombay Stock Exchange. The course has attracted applications from applicants as diverse as IAS officers, chartered accountants and also a couple of financial journalists. About 70% of the applicants have relevant work experience and many of them are already trading actively in the markets.
The course will be focused on practical training and the institute is planning to get online trading simulators to facilitate learning in both equity and derivatives. The faculty for the course will include in-house faculty from the institute as well as private investment bankers and trading practitioners.
The course outline was conceptualized both by the BSE as well as IIFT. BSE officials sent IIFT an outline of what all they would like to see included in the course and this was further worked upon by faculty members at IIFT before coming up with the course outline.
Says IIFT, "The idea is essentially to develop professionals with adequate skills in the securities market while providing an understanding of the current structure, pricing, risk, competition and financial innovations in money and capital markets."
The course structure includes primary and secondary markets, derivatives, forex management, commodity markets, bond markets, mutual funds and hedge funds, fundamental analysis, mergers and acquisitions, private equity and venture capital, risk management, technical analysis and portfolio structuring and valuation.
IIFT has pegged the course fee at Rs 50,000. The classes will be held at the Delhi campus. Classes for the course will be conducted either on a daily basis for two hours each on all weekdays or over five hours each on Saturday and Sunday. This will be subject to the option that the candidates themselves find most suitable.
