NISM Mumbai PGDM-SM: Curriculum, Fees, Placements, Admission 2026

National Institute of Securities Markets (NISM) was established in 2006 by the Securities and Exchange Board of India (SEBI). NISM Mumbai offers Post Graduate Diploma in Management (Securities Markets) – PGDM (SM), a two-year residential MBA equivalent program. NISM Mumbai PGDM SM admissions 2026 are open. Apply Now. Read more about NISM Mumbai PGDM Securities Markets Program including 2026 curriculum, fees, admission process, placements, ranking, and key highlights.

PGDM (SM) is an AICTE approved two-year Post-Graduate Diploma Programme in Management, where the students get exposure to varied subjects and verticals of securities markets including Economics, Financial Statement Analysis, Corporate Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, and Derivatives & Risk Management, Investment Banking, Mutual Funds, and Wealth Management.

NISM PGDM SM curriculum, along with application-based teaching pedagogy and industry internship, serves as a strong foundation for further grooming and growth into various career paths in the corporate/financial/securities markets. PGDM (SM) students are positioned to take up a wide range of roles and responsibilities, such as Analysts, Investment Managers, Investment Bankers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, Wealth Managers etc.

NISM Mumbai PGDM (SM) programme is a unique blend of specialized securities markets inputs and managerial insights. Since the field of securities markets represents the confluence of several related areas, the NISM PGDM Securities Markets program curriculum rests on the following pillars:

• Economics, including financial economics
• Finance
• Accounting and Reporting
• Quantitative Methods and Computing
• Law and Compliance
• FinTech

The key takeaways from the programme are:

• Structured and comprehensive insights into the equity, debt, currency and commodity markets, and their derivative markets, in a well-designed and rigorously delivered environment
• Insights from Finance, Accounting, Economics, Computing, Quantitative Methods and Law
• Comprehensive coverage of the latest developments in FinTech
• Developments in ESG
• An enviable repertoire of knowledge, skills and applications in various segments of the securities markets leading to various career pathways
• Development of analytical skills, critical thinking, problem solving and reporting, as is required of a contemporary professional
• Learning to learn, which is the hallmark of a global professional. This in turn, could help the participant in adding other nationally and internationally relevant professional certifications to his/her Resume, during the course of PGDM (SM) or in the future, to remain current and contemporary.

NMISM Mumbai PGDM (SM) can lead the successful participants to the following careers pathways:

• Segments: Equity Markets, Debt Markets, Currency and Currency Derivative Markets, Commodity Derivative Markets
• Market Infrastructure Institutions: A wide range of roles (Business Development, Operations, Compliance, Risk Management, etc.) in Market Infrastructure Institutions including Stock Exchanges, Commodity Exchanges, Clearing Corporations and Depositories
• Research and Analytics: Credit Research & Ratings, Economic Research, Policy Research, Analytics and Computing in Risk Management & Derivatives
• Banking: Commercial banking, Treasury Operations, Treasury Management etc.
• Advisory: Investment Advisor, Personal Financial Planner, Wealth Manager
• Mutual Funds: Business Development, Distribution, Operations, Compliance, Risk Management, etc. in the Mutual Funds Industry

NISM offers many scholarship opportunities to students pursuing PGDM SM programs. Details will be shared after application during the admission process.

NISM Mumbai PGDM-SM Admission Process 2026

• NISM invites online applications for admission to the PGDM (Securities Markets) 2026–28 (Batch VIII).
• Registration start date is December 20, 2025 and the last date of online registration is March 23, 2026.
• Candidates need to create their Login ID (USERNAME & PASSWORD) for online registration on NISM official website. Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
• Candidates need to submit an application/admission data form along with a non-refundable registration fee of Rs. 1,000/- (Rupees One Thousand Only).
• Candidates are required to qualify in any of four All India Common Admission Tests i.e. CAT 2025, XAT 2026, CMAT 2026 and MAT 2025/2026.
• Shortlisted candidates from Stage-II will appear in Stage-III i.e Online Personal Interview.
• All shortlisted candidates will be informed by email or download their call letters to appear in the Online Personal Interview. All the required details like date, time and other guidelines will be mentioned in the call letter.
• Eligible candidates will receive an Email for the Online Personal Interview process for PGDM-SM Admissions 2026-28 (Batch VIII).
• Final Selection List Based on Entrance Score, Online Personal Interview & Diversity Scores
• The offer of admission to the candidate will be made strictly on the basis of merit/ rank list.
• The Merit List will be generated based on the valid composite score of Entrance score 2025, Online Personal Interview, Past Academics and Gender Diversity.

NISM Mumbai PGDM-SM Application Process

• Candidates need to create their Login ID (USERNAME & PASSWORD) for online registration at NISM Official Website (NISM.ac.in). Upon successful registration, a User-ID and Password will be sent to registered email ID and mobile number of the candidate.
• Candidates need to submit an application/admission data form along with a non-refundable registration fee of Rs. 1,000/- (Rupees One Thousand Only).
• Applications in any other mode will not be accepted