How much salary can one expect after completing NISM certificates and joining a broker firm?
I am a commerce graduate,preparing for my final exams of ICAI(Institute of Cost Accountants of India).I want to get a job in trading sector a friend of mine told me about NISM certificate exams.How much can I expect to earn as a fresher after I pass the exams and start looking for a job.--I'm thinking about putting my Icai degree on hold coz I really need a job right now,I am 24 will turn 25 in Sep(if age matters).Will a job in brokerage firm later help me in pursuing a CFA (Chartered Financial Analyst-international)degree in anyway?
Is it worth doing NCFM (NSE Certification in Financial Market)?
I was a student of the same course from Mumbai location and can answer the question with a bit of credibility.Pros:You get to meet few good teachers who are well connected in the industry. We were taught a few subjects by some really good instructors.Cons:The course lacks depth and the books that are being referred are obsolete.The Management from NSE (Preeti and Shweta) are extremely unprofessional and rarely entertain any requests from the students. These people were so unresponsive and unprofessional that we stopped reaching out to them. Imagine the horror we went through.Again coming back the Management, expect zero support from them when it comes to placement assistance. You will end up getting offers of 2–3 LPA.The Singapore immersion program is a sham and there was no real learning in it. Infact our of 6–7 days you will only get 2–3 days for the visit. The rest is all timepass. Again, waste of money.The total cost of taking all the certification that these people are offering goes no more than 50–60K. The other internal exams are total timepass. Trust me on this, crappy with absolutely no knowledge testing.You will find subjects like Corporate grooming etc which are total crap and are a waste of time.The FINRA certification that they are offering is useless and hardly carries any weight. Trust me, no one from our batch got any advantage out of it.Believe you me, this course is waste and I suggest you save those 4L Rs and rather focus on CFA. In the same amount you can easily clear all the 3 levels of CFA and get globally recognised certification.Not only you will save money but also save yourself the trouble of interacting with the likes of Preeti etc who I am surprised, how are surviving in the corporate world.
What are the job opportunities after NISM certification?
You can get job in any broking company like Geojit Fin. Services, Sharekhan, hdfc securities, etc…..Even in NSE, bse, sebi, depositories……in other financial institutes……mutual fund companies…..You need to have particular Nism certificates for different job profiles….You can even start your own business as a stock sub broker or distributor of Mutual Funds……There are so many opportunities in stock market profession…..You need to have atleast a graduation level degree to get a good job with Nism certificates …..or need to clear these Nism exams within sometime as per the company norms…For more stock market queries, you can read my answers related to stock market….Nism is a subsidary of sebi and it has great credibility in India so every course of it has great benefits in career,education,etc….Thank you
What is the salary for a CFA Level 1 completed candidate?
There are two types of companies which will offer you a jobKPO - These are US based companies called KPO’s and 90% of finance people get jobs in these companies. They give data typing jobs but are paid really well. You Won’t be using a lot of your brains and the growth will be 20%+ YOY. The Job will be very monotonous and when your 30, some aged 23 could easily replace you because he probably types faster than you. You will learn nothing, achieve nothing but money, incase they fire you, you are now even worse than a fresh MBA in my opinionIndian Stock Brokers, Investment Banks, Private Equity and Advisory Companies. - If you believe that you will get a handsome package here, believe me join a KPO, because here to you have to work a lot, struggle a lot, the money will be less but your learning curve will go to the next level. A Doctor, A Lawyer ,a Analyst and wine get better with age. This is absolutely the best path and i strongly advice you that even if you get a salary of an intern, use this path. When you turn 35 years and you have spend 20,000 plus hours in the Industry, you will be respected a lot.Salary - Depends from 20k-60k/Month at startI am the Founder at stallionasset.com
What should be done to become a stock analyst if I have completed an MBA, the CA IPCC, and the UGC NET? Recently I have also passed NISM Series 8.
Open small a/c and start trading, your academics have nothing to do with ability to trade. I’m Engineer+MBA (Major Marketing and Minor Finance from one of India's top institutes), I can also program in couple of languages due to my hobbies and really good at economics and excel, but none of that as a individual certificate or skill set is useful in trading. However, all of that different experience does help, that is when you actually start trading and tracking markets on regular basis, you will start having moments of “Enlightenment” when you ponder over question “why?”No one else can answer that question for you or no certificate can help, you have to experience and think, devise new ideas and test them, create your new setups and do the above again. Eventually you will succeed. Common sense is most important tool and experience is most important certificate in stock market.
How do I make a career as Stock market Trader in India? What are the required qualifications and experience?
I took two online courses from NSEIndia one on basics & later in derivatives. So I could able to understand how stock market functions. That’s all these courses teaches. Nevertheless not a bad experience.From then onwards how seriously you take this profession decides your career in stock market. Die hard for next few weeks or months .Make your study & observation(DO’s & DONT’s) before going to bed daily. Next day CROSS CHECK THEM WHILE MARKET IS LIVE. It does not(never) go in line with what you noticed prev day. Keep this exercise for few more days. LOG YOUR EXPERIENCES IN A SEPARATE NOTES.especially What was wrong & what correction it requires.Next study few indicators like RSI, MACD BOLLINGER BANDS & EMA’s.listen to few u tube presentations of others experiences.NO BOOKS, WEB SITES GIVES YOU ANY MAJOR HELP. What you precisely notice daily & change your daily plan will take you one day to the success in stock market trading.But this much if you do you will be able to see the success for yourself but no companies will hire you since you are having any qualified certification.But do not loose your heart. Maintain DCN’s of your trades month wise on daily trades who knows one day somebody may show some interest if your DCN’s speaks your success.There are no secrets to success. It is the result of preparation, hard work, and learning from failure.Regards,