About College

The National Institute of Securities Markets (NISM), established in 2006 by the Securities and Exchange Board of India (SEBI), is a premier public institution. NISM offers a range of programs, including full-time PGPISM and LLM degrees, as well as part-time PGP (in Portfolio Management, Investment Advisory, and Research Analysis) and CPDS courses. Admissions to NISM Mumbai programs are based on various national-level entrance exams.

NISM’s academic offerings are designed to nurture next-generation professionals in the securities market. Its regulatory foundation and close industry ties facilitate hands-on, career-focused education through guest lectures, executive training, conferences, e-learning, certification programs, and investor awareness initiatives. The institute also boasts strong placement support, including online placement services for final-year students. The highest package recorded is INR 14.1 LPA, with an average package of INR 7 LPA.

NISM engages in a broad spectrum of capacity-building initiatives, including academic programs, professional certifications (as part of regulatory mandates), regulatory research, financial literacy efforts, corporate governance, and market-related research — all aimed at elevating the quality standards of the securities markets. The Institute maintains strong collaborations with Market Infrastructure Institutions, intermediaries, academic bodies, regulators, issuers, and other market participants. Its influence also extends globally, particularly in developing countries such as Bangladesh, Myanmar, Cambodia, Laos, Vietnam, and other IOSCO member nations, where it supports market development through advanced training partnerships.

Situated on a 72-acre campus, NISM offers cutting-edge academic, residential, and recreational infrastructure, along with a well-resourced library. The Institute’s SMART Finance Lab stands among the most advanced in India, providing students with immersive, hands-on experience in end-to-end

NISM Mumbai Courses

The National Institute of Securities Markets (NISM) offers a diverse range of long-term programs tailored for individuals aiming to build or advance their careers in the securities and financial markets. Below is an overview of these programs:

1. Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)

Duration: 2 years (Full-time, AICTE-approved)
Focus Areas: Economics, Corporate Finance, Portfolio Management, Equity Valuation, Derivatives, Mutual Funds, Wealth Management, and more.
Eligibility:
- Bachelor’s degree (minimum 3 years) with at least 50% marks (45% for reserved categories).
- Final-year students can apply provisionally.
Career Opportunities: Roles in equity and debt markets, investment banking, mutual funds, compliance, risk management, and advisory services.
Placement Highlights:
- Average CTC: ₹9.07 LPA
- Highest CTC: ₹16.32 LPA
- Top recruiters include ICICI Bank, SBI Mutual Fund, BSE Ltd., Federal Bank, and Axis Trustees.

2. LL.M. in Investment and Securities Law (in collaboration with MNLU Mumbai)

Duration: 1 year (Full-time, residential)
Eligibility:
- LL.B. degree with a minimum of 50% marks (45% for SC/ST).
- Final-year LL.B. students can apply provisionally.
Curriculum Highlights: Advanced Company Law, Securities Regulation, Competition Law, Banking, Foreign Investment, Insolvency Law, and a dissertation.
Career Pathways: Opportunities in legal advisory roles within financial institutions, regulatory bodies, and law firms specializing in securities law.

3. Post Graduate Program in Investment and Securities Markets (PGPISM)

Duration: 1 year (Residential)
Ideal for: Graduates and professionals seeking in-depth knowledge of securities markets.
Curriculum: Economics, Financial Statement Analysis, Corporate Finance, Portfolio Management, Equity Valuation, Fixed Income Securities, Derivatives & Risk Management, Investment Banking, Mutual Funds, and Wealth Management.
Career Opportunities: Roles such as Analysts, Investment Managers, Treasury Managers, Risk Managers, Compliance Officers, Financial Planners, and Wealth Managers.

4. Post Graduate Program in Portfolio Management, Investment Advisory & Research Analysis (PGP PM/IA/RA)

Duration: 15 months (Weekend, hybrid mode)
Specializations:
- Portfolio Management
- Investment Advisory
- Research Analysis
Eligibility: Graduates with an interest in securities markets.
Program Structure: 9 months of foundational courses, 3 months of specialization, and 3 months of dissertation.
Career Pathways: Opportunities in portfolio management firms, investment advisory services, research analysis roles, and potential to start one's own firm

5. Certificate Program in Data Science (Advanced)

Duration: 8 months (Online live sessions)
Eligibility:
- Graduation with 50% marks.
- Completion of a basic-level data science program (minimum 6 months).
Curriculum: Statistical Modeling, Machine Learning, Deep Learning, Financial Econometrics, Time Series & Forecasting, Artificial Intelligence, Big Data, Fintech, Algorithmic Trading, Financial Modeling, and Cyber Security.
Tools Used: Advanced Excel, R, Python, Power BI, and Tableau.
Fee: ₹99,500 (inclusive of GST and alumni fund).

6. Post Graduate Program in Financial Planning (PGPFP)

Focus Areas: Investment Planning, Tax Planning, Retirement Planning, Risk Management, and Estate Planning.
Ideal for: Individuals aiming to build a career in financial planning and wealth management.

7. Certificate Program in Merchant Banking (CPMB)

Objective: To provide comprehensive knowledge of the securities markets ecosystem and equip participants with skills related to SEBI-regulated activities such as IPOs, FPOs, Open Offers, Buy-backs, Delisting, Mergers, and Acquisitions.
Ideal for: Professionals seeking to specialize in merchant banking and related activities.

NISM Mumbai Admissions 2025-2027

Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)

About the Program:

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, benchmarked with the best and contemporary texts. Post Graduate Diploma in Management (Securities Markets) – PGDM (SM)

The carefully crafted 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.

Where does PGDM(SM) lead to?

PGDM (SM) can lead the successful participants to the following careers pathways. Some illustrative career opportunities available for PGDM (SM) graduates are as under:

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

The objective for designing a programme of the status of a Post Graduate Diploma is “to create complete securities market professionals”. Since the field of securities markets represents the confluence of several related areas, the post-graduate programme in securities markets rests on the following pillars:

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

Each of the above-mentioned fields is fully represented in the proposed programme, with a balance between elegance and rigour. Based on SSE’s prior experience, but also after infusion of fresh thinking, the architecture of the PGDM (SM) has been conceived. Each course is benchmarked with the best-in-class textbook (recommended text) to arrive at the chosen content.

Eligibility Criteria

Educational Qualifications

Applicants must have a strong and consistent academic track record.
Performance in Class 10, Class 12, and each year of undergraduate studies will be evaluated during the selection process.
Candidates must hold a Bachelor's degree of at least 3 years' duration in any discipline, with a minimum of 50% marks (45% for candidates from reserved categories).
Final-year students awaiting their undergraduate results are also eligible to apply. However, their admission will be provisional and contingent upon meeting the eligibility criteria within the stipulated deadline.

Entrance Test Requirement
Applicants must have qualified in at least one of the following national-level management entrance exams:

CAT
XAT
CMAT
ATMA
MAT
GMAT
MH-CET (for candidates from Maharashtra)

Note: Candidates awaiting the results of their entrance exams can still apply. However, their admission will remain provisional until the official score is submitted to the NISM Admissions Office.

Selection Process

The selection process considers the candidate's:

Academic performance
Score in a valid management entrance test
Personal Interview (PI)

Candidates offered provisional admission must confirm their seat by paying the fees within the specified timeline. Failure to do so will result in automatic cancellation of the admission offer.

Application Process

To apply, candidates must complete the online registration at: https://apply.nism.ac.in/pgdm/

Steps to Apply:

Step 1: New Registration
Register with a valid email ID and mobile number. A User ID and Password will be sent to your registered contact details.
Step 2: Complete the Application Form
Log in using the credentials, fill in the required details, and upload relevant documents.
Step 3: Pay the Application Fee
Pay the non-refundable application fee of ₹1,000 along with any applicable charges through the online payment gateway.

Programme Fee Structure for PGDM (SM) 2025–27

PGDM (Securities Markets) 2025–27

Particulars	1st Installment	2nd Installment	3rd Installment	4th Installment
Tuition Fee	₹1,38,000	₹1,38,000	₹1,38,000	₹1,38,000
Library Fee	₹10,000	₹10,000	₹10,000	₹10,000
Examination Fee	₹5,000	₹5,000	₹5,000	₹5,000
Alumni Fund	₹2,000	–	–	–
Total Program Fee (A)	₹1,55,000	₹1,45,000	₹1,45,000	₹1,45,000
Refundable Library Deposit (B)	₹10,000	–	–	–
Total Including Deposit (A + B)	₹1,65,000	₹1,45,000	₹1,45,000	₹1,45,000

Total Program Fee (2025–27): ₹6,00,000

Payment Schedule:

1st Installment: Within 7 days of receiving the offer letter
2nd Installment: November 01, 2025
3rd Installment: June 15, 2026
4th Installment: November 01, 2026

Fee Refund Policy

In case a student wishes to withdraw from the program, the following refund guidelines will apply:

S. No.	Refund Amount	Timing of Withdrawal Notice
1	Full fee refunded after a deduction of ₹1,000	Before the program starts or by July 15, 2025 (whichever is earlier)
2	Full fee refunded after a deduction of ₹10,000	After July 15, 2025, provided the seat is filled by another candidate from the waitlist
3	No refund of fee paid (only refundable deposits will be returned)	After the program has started or after July 15, 2025, if the seat remains vacant

Important Dates

Event	Date
Application Process Begins	April 26, 2025
Final Date to Submit Application	June 15, 2025
Admission Interviews	To be announced separately
Merit List Announcement	June 30, 2025
Program Commencement	July 15, 2025

Note: The management reserves the right to modify the program structure and fee details as deemed necessary.

LL.M. (Investments and Securities Law)

The LL.M. program in Investment and Securities Law is a specialized postgraduate course tailored for both students and legal professionals who aspire to build expertise in the legal aspects of the financial markets. Committed to delivering high-quality education in securities market law, the National Institute of Securities Markets (NISM) has partnered with Maharashtra National Law University, Mumbai (MNLU), one of India’s leading law universities, to offer this intensive, full-time program.

Designed with future legal professionals in mind—especially those aiming for careers in financial markets—the program delivers rigorous academic training focused on the legal and regulatory framework of investments and securities in India.

Aligned with NISM's mission of academic excellence, the curriculum provides in-depth exposure to a wide range of subjects, including corporate law, regulation of securities issuance and trading, market supervision, enforcement mechanisms, corporate finance, foreign investment, financial advisory, derivatives, regulation of banks and financial institutions, competition law, and insolvency legislation. The course offers foundational knowledge of three key Indian securities laws:

The Securities Contracts (Regulation) Act, 1956
The SEBI Act, 1992
The Depositories Act, 1996

It also delves into more than 39 SEBI-framed regulations and their role in shaping India’s securities market. A practical component of the course includes training in the documentation processes of securities market transactions and understanding the typical legal disputes that may arise in such contexts.

The program is conducted by distinguished faculty from both NISM and MNLU. Additionally, it features sessions by leading corporate and securities law practitioners, regulatory officials from various financial bodies, and visiting faculty including professors from international universities and global financial experts.

Focused on delivering an interdisciplinary perspective on legal and financial market education, this program is ideal for both aspiring and experienced professionals seeking to develop the tools and skills necessary to succeed as business lawyers or financial market legal experts.

Who Should Apply?

This program is best suited for individuals passionate about the securities markets and eager to gain in-depth legal and regulatory knowledge over a focused one-year period. Whether you're a recent graduate or a seasoned professional, this LL.M. provides the perfect launchpad for a long-term career in corporate law, finance, and securities regulation.

Graduates from diverse academic backgrounds—such as Law, Commerce, Management, Economics, Engineering, Mathematics, and Statistics—will benefit from a curriculum designed to enhance analytical abilities and practical understanding. The program prepares participants to take on leadership roles in the financial and securities market landscape.

Career Opportunities after LL.M.

The LL.M. in Investment and Securities Law opens up a wide range of career pathways for successful participants, equipping them for specialized roles across the financial and legal sectors.

Potential Career Segments Include:

Securities Markets:
Opportunities in Equity, Debt, Currency, and Commodity Derivative Markets.
Market Infrastructure Institutions:
Roles in Business Development, Operations, Compliance, Risk Management, and more across institutions such as Stock Exchanges, Commodity Exchanges, Clearing Corporations, and Depositories.
Banking Sector:
Positions in Commercial Banking, Treasury Operations, Treasury Management, and related functions.
Financial Advisory:
Careers as Investment Advisors, Personal Financial Planners, and Wealth Managers.
Mutual Fund Industry:
Roles in Business Development, Distribution, Operations, Compliance, and Risk Management within the mutual funds sector.

This program is designed with the clear objective of developing a cadre of skilled professionals for the securities markets, in line with NISM’s vision to build expertise and leadership in this specialized legal and financial domain.

Eligibility Criteria

General Eligibility:
Candidates must hold an LL.B. degree or an equivalent qualification with the following minimum marks:

General/OBC/PWD/NRI/PIO/OCI categories: Minimum 50% marks or an equivalent grade
SC/ST categories: Minimum 45% marks or an equivalent grade

Candidates appearing for their final year examinations in May/June 2025 are also eligible to apply and participate in the admission process. However, they must fulfill the eligibility requirements by the specified cut-off date, which will be announced along with the admission results. Candidates placed in a compartment during the year of admission will be deemed ineligible.

Eligibility for Industry/Institution-Sponsored Candidates:

Applicants currently employed for three years or more with any of the following are eligible under the sponsored category:

Financial Regulators (e.g., SEBI, RBI, PFRDA, IRDAI, IBBI, CCI)
Market Infrastructure Institutions (e.g., NSE, BSE, MCX, NSDL, CDSL)
Banks and Financial Institutions
Securities Market Intermediaries
Government Departments
Judiciary and practicing Advocates

Sponsored candidates must also meet the same academic eligibility criteria as applicable to general applicants.

Selection Criteria

All the candidates (including the Industry/ Institutions sponsored and the Foreign national/NRI/NRI sponsored candidates) will be selected based on their performance in Online Test and Online Personal Interview.

Duration of Online test: 120 minutes

Types of Questions: Multiple Choice Questions

No. of Questions: 120

Syllabus: Questions will be asked from the following subjects in the online test:

Sr No.	Subject	Weightage (Marks)
1	Constitutional Law	20
2	Jurisprudence	20
3	Law of Contract	20
4	Company Law	40
5	Current Affairs	20

Test Location: Online test (Remote proctored) can be attempted by candidates from their own location.

For the candidates in the All India (including Maharashtra) category, based on the performance in the online test, top 150 candidates will qualify for the interview.

For Industry/ Institutions sponsored candidates, based on the performance in the online test top 60 candidates will qualify for the interview.

For the students under Foreign national/NRI/NRI Sponsored category, based on the performance in the online test, top 20 candidates will qualify for the interview.

The questions in the interview will be asked from the same subjects (Constitutional Law, Jurisprudence, Law of contract, Company Law and Current affairs) for all the categories.

Application Fee: Rs. 1000/-

How to Apply?

New user need to click on https://apply.nism.ac.in/llm
Upon successful registration, you will receive User ID and Password on the registered mobile number and Email ID.
After registration you can Log-in and fill in the application form and pay the application fee of Rs 1,000 online.

Announcement of Selected Candidates

The selected candidates will be intimated via e-mail. Selected candidates would be required to pay the token money and remaining part of first instalment of fees within the due date mentioned therein. Provisional admission offered to selected candidates who do not pay the fees on or before the stipulated date would automatically stand cancelled.

Important Dates:

Start Date for Application	April 12,2025
Last Date for Application	June 2, 2025
Date of online Test	June 13, 2025
Date of Online Interview	June 24 – 30, 2025
Declaration of 1st Merit List	July 04, 2025
Last date for payment of fee	July 25, 2025
Closure of Admission	July 31, 2025
Commencement of Program	August 01, 2025

Note: All selected candidates are required to pay the first instalment of fee within the given time frame, failing which the seat will be offered to the waitlisted candidates belonging to any of the category.

NISM Mumbai Campus Facilities

Hostel Facilities

NISM offers comfortable on-campus hostel accommodation with separate facilities for male and female students. The hostels are well-maintained, equipped with modern amenities, and supervised by caring and experienced wardens to ensure a safe and supportive living environment.

Dining Services

Mess & Cafeteria:
The campus features a spacious, well-lit, and well-ventilated cafeteria that serves a variety of nutritious and delicious meals. The menu is curated by professional dieticians to ensure a balanced and wholesome diet for the students.

Sports & Recreation

World-Class Sports Complex:

NISM provides extensive sports and recreational facilities to promote physical fitness and overall well-being. Facilities include:

Outdoor sports: Cricket, basketball, volleyball
Indoor games: Chess, carrom, table tennis, badminton
Gymnasium and swimming pool for fitness and relaxation

Students are encouraged to make use of these resources for regular workouts and healthy lifestyle practices.

Healthcare Facilities

Basic medical services are available on campus, along with ambulance support for emergencies, ensuring timely healthcare assistance for students.

Laundry Services

Limited laundry facilities are available on campus for students, provided on a paid basis.

Hostel Fee Structure (Twin Sharing, Non-AC)

(AC provided during March–May months)

Particulars	1st Installment	2nd Installment	3rd Installment	4th Installment
Hostel Charges	₹42,000	₹42,000	₹42,000	₹42,000
Food Charges	₹31,500	₹31,500	₹31,500	₹31,500
GST on Food (5%)	₹1,575	₹1,575	₹1,575	₹1,575
Total Hostel & Mess Fee (A)	₹75,075	₹75,075	₹75,075	₹75,075
Refundable Hostel Deposit (B)	₹10,000	–	–	–
Total Payable (A + B)	₹85,075	₹75,075	₹75,075	₹75,075

Payment Schedule:

1st Installment: Within 7 days of receiving the offer letter
2nd Installment: November 01, 2025
3rd Installment: June 15, 2026
4th Installment: November 01, 2026

Note: The hostel fees listed apply to Twin Sharing Non-AC accommodation. Air-conditioning is available during the months of March, April, and May.

Frequently Asked Questions of NISM Mumbai

PGDM(SM) Admission 2025–27

Q1. What is the NISM PGDM(SM) program?

The Post Graduate Diploma in Management (Securities Markets) is a two-year, full-time program approved by AICTE and offered by NISM. It focuses on building expertise in securities markets.

Q2. What are the academic eligibility criteria for PGDM(SM)?

Candidates must fulfill the following academic requirements:

A consistent and strong academic record. Performance in 10th, 12th, and all years of graduation is considered.
A Bachelor's degree of at least three years' duration with a minimum of 50% marks (45% for reserved category) in any stream.
Final-year students may also apply. Their admission will remain provisional until graduation results are submitted within the stipulated deadline.

Additionally, candidates must qualify in any one of the following exams held in 2025: CAT, XAT, CMAT, ATMA, MAT, GMAT, or MH-CET (Management).

Note: Scores from MAT and ATMA conducted after January 2025 will also be accepted.

Q3. Can final-year students awaiting their results apply?

Yes, final-year students are eligible to apply. Their admission will be provisional until they submit proof of graduation.

Q4. Who should apply for PGDM(SM)?

The program is ideal for graduates or final-year students from disciplines like Economics, Commerce, Finance, Engineering, or Management who aspire to build a career in capital markets.

Q5. What is the selection process for PGDM(SM)?

Selection is based on the following criteria:

Overall academic performance
Competitive exam score
Personal Interview (conducted virtually)

Q6. How many seats are available in PGDM(SM)?

There are 120 seats available for the PGDM (Securities Markets) program.

Q7. Is the PGDM(SM) program available through distance or online mode?

No. The PGDM(SM) program is offered only in full-time, on-campus mode.

Q8. How can a candidate apply?

Applicants must register online at: https://apply.nism.ac.in/pgdm

Steps:

Complete new registration to receive login credentials.
Fill out the application form, upload the required documents.
Pay the application fee of ₹1000/- online.

Q9. What is the application form fee?

The fee is ₹1000/- plus applicable charges, payable via debit/credit card, net banking, or UPI.

Q10. Why do students choose NISM for PGDM(SM)?

Students are drawn to NISM for several reasons:

Expert faculty with in-depth knowledge of the securities market
Strong infrastructure and facilities
Institute established by SEBI
Simulation lab for live trading practice
Blended faculty from academia, industry, and regulatory bodies
Regular interactions with industry leaders

Q11. Can candidates visit the campus?

Yes. Campus visits are allowed Monday to Friday, between 9:30 AM and 5:30 PM. Appointments can be scheduled by emailing [email protected].

Q12. What subjects are covered under PGDM(SM)?

The program integrates key certifications offered by NISM, including:

NISM-Series-VII: Securities Operations and Risk Management
NISM-Series-XA: Investment Adviser (Level 1)
NISM-Series-V-B: Mutual Fund Distributors
NISM-Series-VIII: Equity Derivatives
NISM Series-IX: Merchant Banking
NISM Series-XV: Research Analyst

Q13. What is the total estimated cost of the PGDM(SM) program?

Program fee: ₹6.00 lakhs
Hostel & mess charges: Approx. ₹3,10,300 for 2 years
Fees are payable in four installments.

Q14. Are there financing options available for the program?

Yes, NISM is listed on the VidyaLakshmi Portal where students can apply for education loans from various banks.

Q15. Are scholarships available?

Yes, NISM offers a range of scholarship opportunities, including:

50% tuition waiver for merit in Year 1
50% waiver for economically weaker but meritorious students
30% fee waiver for students from nearby localities
Up to 50% waiver for best-performing students
50% waiver for students with a First Class UG degree and 75+ percentile in CAT/XAT/GMAT
50% waiver for SC/ST and backward class students
30% waiver for children of SEBI registered entity employees
40% waiver for children/spouses of SEBI/NISM/outsourced staff
Up to 50% waiver for other qualifying test scores (80 percentile and above)

Placement Information

Q16. What kind of job profiles do PGDM(SM) graduates get?

Graduates are placed in roles such as:

Treasury Manager
Investment Advisor
Merchant Banker
Compliance Officer
Corporate Banker
Risk Analyst

Employers include banks, depositories, mutual funds, stock exchanges, and other financial institutions.

Q17. Who are some of the past recruiters?

Recruiting organisations include:

ICICI Bank
SBI Mutual Fund
STCI
BSE Ltd.
Federal Bank
Axis Trustee
IFA Global
IDBI Bank
NSDL
and several others.

Q18. What are the placement package details?

Average CTC: ₹9.07 LPA
Highest CTC: ₹16.32 LPA (performance-based)

Q19. What are the important dates for admission?

Event	Date
Application Opens	April 26, 2025
Last Date to Apply	June 15, 2025
Interviews Begin	1st Week of June 2025
Merit List Announcement	June 30, 2025
Program Commencement	July 15, 2025

Frequently Asked Questions of LL.M. Program in Investment and Securities Laws

Q1. What distinguishes the LL.M. in Investment and Securities Laws offered by NISM and MNLU Mumbai?

This intensive one-year LL.M. program is jointly offered by the National Institute of Securities Markets (NISM), an initiative of SEBI, and Maharashtra National Law University (MNLU), Mumbai. It combines rigorous legal education with practical industry exposure through simulation labs, case-based pedagogy, and lectures by eminent legal and regulatory professionals. The program is ideal for those seeking leadership roles in the financial and legal sectors, with a strong emphasis on securities law, compliance, and regulatory practices.

Q2. What are the academic eligibility requirements?

Applicants must possess an LL.B. degree or its equivalent with at least 50% aggregate marks (45% for SC/ST candidates). Final-year students may apply provisionally but must fulfill eligibility requirements before the stipulated deadline.
For industry-sponsored candidates: A minimum of three years of relevant work experience with regulatory bodies, financial institutions, legal firms, or market infrastructure organizations is also mandatory.

Q3. Does the program accept CLAT scores for admission?

No. Admission to this program follows a separate process that includes an online entrance test and a personal interview. CLAT scores are not considered.

Q4. Can final-year LL.B. students or those awaiting results apply?

Yes. Final-year students may apply provisionally. Admission will be confirmed upon submission of final results and verification of eligibility criteria by the deadline.

Q5. Who should consider applying to this LL.M. program?

The program is suited for LL.B. graduates (3-year or 5-year programs), legal practitioners, compliance professionals, and industry experts seeking specialization in securities and investment laws.

Q6. What subjects are covered in the entrance examination?

The online entrance test will assess candidates on the following areas:

Constitutional Law
Jurisprudence
Law of Contract
Company Law
Current Affairs

Q7. Is the LL.M. degree recognized for higher studies and public sector employment?

Yes. The degree is conferred by MNLU Mumbai, a recognized public university, and is valid for both further academic pursuits and government sector opportunities.

Q8. Are separate sessions held for industry-sponsored candidates?

No. All participants attend the same classes. However, industry-sponsored candidates are exempt from the residential requirement.

Q9. What is the selection process?

Candidates must appear for an online entrance test followed by a virtual personal interview. Final selection is based on interview performance.

Q10. Is the program offered through distance learning?

No. This is a full-time, residential program designed for immersive and experiential learning.

Q11. Is there an upper age limit for applying?

No. There is no upper age restriction for admission.

Q12. How can one apply?

Applications must be submitted online at https://apply.nism.ac.in/llm. Applicants need to register, fill in the form, and pay an application fee of ₹1,000.

Q13. What is the application fee?

The fee is ₹1,000, payable online via debit/credit card or net banking.

Q14. What is the total program fee?

The approximate total fee, including tuition, accommodation, and other services, is ₹4,07,266 for Indian students. Detailed fee structure is available in the official prospectus.

Q15. Are there options to finance my LL.M. studies?

Yes, financial assistance can be accessed through:

Vidya Lakshmi Portal: A common platform for education loan applications (www.vidyalakshmi.co.in)
SBI Education Loan: NISM offers assistance and recommendation letters for loan applications.

Q16. What are the career prospects after completing this LL.M.?

Graduates can explore opportunities in the following areas:

Securities Market Legal Roles: NSE, BSE, NSDL, CDSL, MCX, mutual funds, AIFs, SEBI
Legal Research: Equities, debt, currency, and commodities markets
Banking Legal Roles: Banks, financial institutions, securitization, recovery
Regulatory Bodies: RBI, CCI, PFRDA, etc.
Corporate Legal Advisory: Investment law, insolvency, restructuring, compliance, risk management
Litigation: Practice in investment and securities laws

Q17. What kind of placement support is provided?

The institute offers placement assistance, and students have secured roles in various market infrastructure institutions, intermediaries, banks, and financial firms.
Some recruiting organizations include:

Banks: ICICI, Karur Vysya, Catholic Syrian, IDBI, RBL, South Indian Bank, IndusInd
Exchanges: NSE, MCX, NCDEX, ICEX
Depositories: NSDL, CDSL, SHCIL
Mutual Funds: UTI, SBI, Mahindra, Aditya Birla Sun Life
Intermediaries: AK Capital, AUM Capital, FundsIndia, Morningstar

The program also benefits from strong connections with top law firms and senior advocates in Mumbai, many of whom are part of the program's advisory board. SEBI mandates compliance officers in its registered entities, further enhancing placement potential.
Graduates are also well-prepared for legal recruitment exams conducted by regulators, banks, and financial institutions. The program provides a strong foundation for starting a niche legal advisory practice in investment and securities law.

Q18. Can I visit the NISM campus?

Yes. Campus visits are welcome Monday to Friday, from 9:30 AM to 5:30 PM. Please email [email protected] to schedule the visit. You can also explore the campus virtually at: https://www.nism.ac.in/life-campus

Q19. What subjects are taught in the LL.M. curriculum?

The program follows a trimester system with the following structure:

Trimester 1: Legal Research, Comparative Law, Global Justice, Securities Market Fundamentals
Trimester 2: Advanced Company Law, Securities Regulation, Competition Law
Trimester 3: Banking Law, Foreign Investment Law, Insolvency Law, Dissertation

In addition to coursework, the following NISM certifications must be completed: