The stock market in India has fascinated general Indian masses for long, perhaps due to the high (mostly instant) gains through the investments. In earlier days, people used to associate tags such as fortunate and risky with the stock market, because of the lack of knowledge and investments made on either guesswork or the guidance of others who have tried their hands in this market. However, the mystery of the capital markets has faded away over the period of time; people now understand that there is 100% technical analysis behind the success in Stock Market.
It is not about the guesswork and the capital markets are much more than picking stocks and making big money. It is anassorted andcomplex field and the recent generation is more than willing to take up this challenging and rewarding career in Indian Stock Market.
If you are one of those who want to have a successful and long term career in the capital markets, then here some of the helpful tips for you:
Have clarity of your Goals
The stock market is not just about picking up the stocks randomly, waiting for it grow and payoff. There is much more to it, there are many different roles in the hierarchy. Within the capital markets you can choose to work in Broking and Distribution, Asset Management, Wealth Management and the ECM side of Investment banking. Have a clear idea of which of the areas interests you the most, so that you can get prepared accordingly.
Become a subject matter expert
Now that you know where which role appeals you most get a relevant degree and/or relevant educational qualifications; although there are many people who work in stock market, without related educational background, getting qualified for a particular role will set you apart from others in this competitive field.
Getting yourself certified with a few of NCFM and NISM certifications (in addition to the mandatory ones such as the research analyst certification for the research analyst profile)portrays your seriousness towards your career. If you are looking for a job in this industry, you may also consider adding a CFA or a CA certification to your profile; though it’s not mandatory it is certainly a great advantage for your career.
High Levels of integrity
When you work in stock market, you will have to manage money matters on behalf of others, particularly when you work with large and successful capital markets oriented company. Therefore, it is your moral and ethical responsibility to be ethical towards that money. The markets are governed by SEBI. SEBI performs systematic audits time to time, in order to ensure compliance, so, only someone with very integrity can survive for long in this industry.
Work under a mentor
In the stock markets, there are lots of analysis and predictions are required to be made. On the initial stage of your career, you may not be able to make accurate predictions, despite higher education that you have taken. Working with a mentor who can help you rise above such situations and help you cope with different situations will help you make a better decision and work independently after some time.
If you single-mindedly follow the stock markets, understand how the Sensex and Nifty work, and have an ability to handle finances, then a career in stock market can bring to you great success and growth.
Here is a list of top institutes in India offering stock market related courses:
Institute of Company Secretaries of India
ICSI House, 22,
Institutional Area Lodhi Road,
New Delhi 110 003,
EPABX LINES: (011) 41504444, 24617321-24-, 24644431-32, Fax: 24626727
Course offered: Post-graduate membership course in the capital market and financial services
Institute of Capital Market Development
1965, Arya Samaj Road,
Karol Bagh, New Delhi-110005
Course offered: One year postgraduate programme in fundamentals of capital market development.
All India Centre For Capital Market Studies
Byte Institute of Management Studies and Research,
Course offered: One year post graduate programme in capital market studies, in collaboration with the Mumbai Stock Exchange Training Institute, leading to a diploma from the University of Pune. The course is open to graduates through an all-India selection process.
Mumbai Stock Exchange Training Institute
Stock Exchange Building,
Course offered: Certificate courses are run periodically throughout the year
Institute of Financial and Investment Planning
B/303, Ventex Vikas,
Course offered: One year correspondence cum lecture course leading to a diploma in financial and investment planning
Institute of Chartered Financial Analysts of India
Road No. 3, Banjara Hills,
Course offered: Chartered Financial Analyst Equity Research.
The Orion Institute of Capital Market
S- 11, Adarshini Plaza,
91, Adchini, Aurobindo Marg, New Delhi
The UTI Institute of Capital Market
Plot 82, Sector – 17,
Vashi, nave Mumbai – 400 705