![National Institute of Securities Market - [NISM]](https://img.collegedunia.com/public/college_data/images/logos/1709899211LOGONISM1.png?h=71.7&w=71.7&mode=stretch)
National Institute of Securities Markets (NISM) is a public educational trust established in 2006 by the Securities and Exchange Board of India (SEBI) under the aegis of the Ministry of Finance. NISM is a deemed-to-be university by the Ministry of Education and operates as a specialised institution for financial markets education, research, and certification. It is recognised by AICTE for its flagship PGDM programme.
NISM does not participate in NIRF rankings.
The 72-acre residential campus is located at Patalganga, near the Mumbai-Pune Expressway in Raigad district, approximately 60 km from Mumbai. The campus was inaugurated in December 2016 and includes a dedicated trading simulation laboratory, modern auditoriums, an amphitheater, and residential facilities.
- PGDM (Securities Markets): flagship 2-year AICTE-approved management programme with 180 seats, CAT/XAT/CMAT/MAT score required, fully residential.
- Post Graduate Programme in Securities Markets (PGPSM): a PG-level programme in capital and securities markets.
- LLM (Investment and Securities Law): one-year specialised law degree for legal professionals targeting the securities and financial regulation space.
- Post Graduate Certificate in Securities Markets (PGCSM) and Post Graduate Certificate in Fintech: short-term certificate programmes for working professionals.
- Post Graduate Programmes: Investment Advisory, Portfolio Management, Research Analysis, and Financial Management.
- Certificate and Advanced Certificate in Data Science for finance and market analytics roles.
- Certification Examinations: 25 plus NISM-series certifications in derivatives, mutual funds, depository operations, research analysis, investment advisory, and compliance, mandatory for SEBI-registered market participants.
The total fees for PGDM (Securities Markets) is INR 6,78,800 for the two-year programme. LLM fees are INR 4,79,000 for the full programme.
The most recent PGDM batch achieved a highest package of INR 16.32 LPA and an average package of INR 9.07 LPA, with 100 percent placement.
NISM Admission Dates 2026
Admissions for the 2026-28 PGDM batch have concluded and the session is underway. The next PGDM admission cycle (2027-29) is expected to open in December 2026, following the same pattern as previous years. LLM and certificate programme admissions run on separate calendars.
| Event | PGDM (SM) 2026-28 (Concluded) |
|---|---|
| Application Opens | 20 December 2025 |
| Application Deadline | 15 April 2026 |
| Personal Interviews | 4 to 13 May 2026 |
| Academic Session Begins | 13 July 2026 |
The tentative schedule for the 2027-29 cycle follows the same annual rhythm, with applications expected to open in December 2026 and close in April 2027.
| Event | PGDM (SM) 2027-29 (Tentative) |
|---|---|
| Application Opens | December 2026 (expected) |
| Application Deadline | April 2027 (expected) |
| Personal Interviews | May 2027 (expected) |
| Academic Session Begins | July 2027 (expected) |
NISM Courses and Fees
NISM offers long-term degree and diploma programmes, medium-term certificate programmes, and short-term professional development programmes. The institution also administers SEBI-mandated certification examinations for market participants. Total fees across long-term programmes range from INR 66,620 for the Certificate in Data Science to INR 6,78,800 for the flagship PGDM.
| Programme | Duration | Eligibility | Total Fees |
|---|---|---|---|
| PGDM (Securities Markets) | 2 years | Graduation 50% + CAT/XAT/CMAT/MAT | INR 6,78,800 |
| Post Graduate Programme in Securities Markets (PGPSM) | 1 year | Graduation in any discipline | INR 5,25,680 |
| LLM (Investment and Securities Law) | 1 year | LLB or equivalent | INR 4,79,000 |
| PG Certificate in Securities Markets (PGCSM) | Short-term | Graduation in any discipline | INR 4,82,000 |
| PG Programme in Financial Management | Short-term | Graduation in any discipline | INR 3,18,000 |
| PG Programme in Investment Advisory / Portfolio Management / Research Analysis | Short-term | Graduation in any discipline | INR 3,66,054 |
| PG Certificate in Fintech | Short-term | Graduation in any discipline | INR 1,40,500 |
| PG Certificate in Management (Finance) | Short-term | Graduation in any discipline | INR 1,38,000 |
| Advanced Certificate in Data Science | Short-term | Graduation in any discipline | INR 1,04,750 |
| Certificate in Data Science | Short-term | Graduation in any discipline | INR 66,620 |
The PGDM (SM) is the most sought-after programme, combining management education with deep domain exposure to capital markets, derivatives, and securities regulation. The LLM in Investment and Securities Law is unique in India and attracts law graduates targeting SEBI, NSE, BSE, and financial regulation careers.
NISM Admission Process
NISM admission criteria vary by programme. The PGDM (SM) is the most structured, requiring a national entrance examination score plus a personal interview. Certificate and short-term programmes follow a rolling admission model with simpler eligibility criteria.
PGDM (Securities Markets)
Selection for the 2-year PGDM is based on a composite score weighted as follows: entrance exam score (50 percent), personal interview (30 percent), past academics (15 percent), and gender diversity (5 percent).
- Eligibility: Graduation with minimum 50 percent marks from a recognised university
- Exams accepted: CAT, XAT, CMAT, MAT (CAT used as benchmark for score conversion)
- Minimum qualifying percentile: 50 percentile in the accepted entrance exam
- Final year graduates may apply provisionally, subject to completing graduation before session start
- Batch size: 180 seats per year
- Programme structure: 1,020 teaching hours across six trimesters
LLM (Investment and Securities Law)
The one-year LLM targets law graduates interested in financial regulation, corporate compliance, and securities law practice. Eligibility requires an LLB or equivalent three-year law degree. Admission is based on merit in the qualifying law degree and a personal interview, with applications typically open from January to April each year.
Certificate and PG Certificate Programmes
Short-term programmes in Data Science, Fintech, Financial Management, and Investment Advisory accept any graduate. Selection is typically merit-based on academic record and professional experience, with periodic intakes throughout the year.
NISM Certification Examinations
SEBI mandates NISM series certifications for registered market intermediaries. These are open-book examinations with no minimum educational qualification, available year-round through designated test centres. Passing scores and renewal periods vary by certification module.
NISM Placements
NISM PGDM (Securities Markets) placement outcomes are among the strongest for a niche financial markets management programme in India. The most recently published placement cycle recorded a highest package of INR 16.32 LPA and an average package of INR 9.07 LPA, with 100 percent placement for the batch.
| Metric | Most Recent Batch |
|---|---|
| Highest Package | INR 16.32 LPA |
| Average Package | INR 9.07 LPA |
| Placement Rate | 100 percent |
The recruiter base is dominated by capital markets, broking, asset management, and banking sector firms. Confirmed recruiters across recent placement seasons include NSDL, NSE, BSE, Morgan Stanley, Edelweiss, ICICI Bank, HDFC Bank, IDBI Bank, Axis Mutual Fund, and Aditya Birla Capital. The SEBI parentage of NISM opens direct pathways to SEBI and its regulated entities for top performers.
PGDM graduates are absorbed in roles such as research analyst, equity dealer, investment advisor, compliance officer, and risk manager. The programme’s mandatory NISM certifications and trading simulation exposure give graduates a head start over generalist MBA candidates competing for the same capital markets roles.
NISM Campus and Infrastructure
NISM’s 72-acre residential campus at Patalganga, on the Mumbai-Pune Expressway, was inaugurated in December 2016. The location is approximately 60 km from Mumbai and is well-connected via the expressway to both Mumbai and Pune.
The campus includes a dedicated trading simulation laboratory for algorithmic trading and analytics training, which distinguishes NISM’s infrastructure from general management institutions. The campus is fully Wi-Fi enabled and houses modern auditoriums, an amphitheater, and sports and recreational facilities. Residential hostel and dining facilities are available for PGDM students at an additional cost of INR 3,85,000 for the two-year programme.
The campus also hosts NISM’s research and publication verticals, faculty development programmes, and short-term training for market professionals from SEBI-regulated entities across India. The residential nature of the campus supports a cohort-focused learning environment throughout the two-year PGDM programme.
NISM vs BSE Institute vs NIBM
Aspirants exploring NISM for specialised financial markets education often compare it against BSE Institute (Bombay Stock Exchange’s academic arm) and the National Institute of Bank Management (NIBM, Pune). All three are government or exchange-backed institutes offering specialised finance education beyond the generalist MBA.
| Parameter | NISM, Patalganga | BSE Institute, Mumbai | NIBM, Pune |
|---|---|---|---|
| Established by | SEBI (2006) | BSE (Bombay Stock Exchange) | Reserve Bank of India (1969) |
| Location | Patalganga, Raigad (near Mumbai) | Mumbai | Pune |
| Flagship Programme | PGDM (Securities Markets), 2 years | PGP in Global Financial Markets | PGPBF (Banking and Finance), 2 years |
| Approving Body | AICTE | AICTE | AICTE |
| Avg PGDM Package | INR 9.07 LPA | Not on record | Not on record |
| NIRF Ranking | Not ranked | Not ranked | Not ranked |
| Campus Type | Residential (72 acres) | Non-residential, city campus | Residential, Pune campus |
| Focus Domain | Securities markets, capital markets | Global financial markets, broad finance | Banking, financial services |
NISM’s SEBI parentage gives it the strongest credibility for capital markets roles and direct access to SEBI-regulated entities for placements. BSE Institute offers broader finance coverage and the convenience of a city campus. NIBM targets banking and financial services careers, with RBI backing opening pathways to public sector banks and RBI-linked bodies. Aspirants whose goal is specifically in securities markets, brokerage, asset management, or capital market regulation will find NISM the most purpose-built option.
NISM FAQs
Ques. Who established NISM and what is its parent body?
Ans. NISM was established in 2006 by the Securities and Exchange Board of India (SEBI), under the aegis of the Ministry of Finance. It operates as a public educational trust and is recognised as a deemed-to-be university by the Ministry of Education.
Ques. What is the total fees for the PGDM (Securities Markets) at NISM?
Ans. The total programme fee for PGDM (Securities Markets) at NISM is INR 6,78,800 for the two-year duration, payable in four installments. Hostel and dining charges are an additional INR 3,85,000 for the full programme.
Ques. What CAT percentile is required for NISM PGDM admission?
Ans. NISM accepts CAT, XAT, CMAT, and MAT scores for PGDM admission. The minimum qualifying percentile is 50 in the accepted entrance examination. Final selection is based on a composite score of entrance exam (50 percent), personal interview (30 percent), past academics (15 percent), and gender diversity (5 percent).
Ques. What is the average placement package at NISM?
Ans. The most recently published NISM PGDM placement cycle recorded an average CTC of INR 9.07 LPA and a highest CTC of INR 16.32 LPA. The batch achieved 100 percent placement. Top recruiters include NSE, BSE, NSDL, Morgan Stanley, Edelweiss, ICICI Bank, and Aditya Birla Capital.
Ques. Is NISM better than a generalist MBA for capital markets roles?
Ans. For aspirants targeting equity research, investment advisory, securities compliance, and asset management roles, NISM’s focused curriculum, mandatory NISM certifications, and SEBI ecosystem access offer a strong advantage over a generalist MBA. Aspirants targeting broader management roles across sectors would find a generalist MBA more versatile.
Ques. Is NISM a government institute?
Ans. Yes, NISM is a public trust established by SEBI, which is a statutory body under the Government of India. It is funded and governed under the SEBI framework and is not a private institution.
Ques. Does NISM have hostel facilities?
Ans. Yes, NISM has residential hostel and dining facilities on its 72-acre campus at Patalganga. The PGDM programme is fully residential, with hostel and dining charges of INR 3,85,000 for the two-year programme.
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The National Institute of Securities Markets (NISM) has opened admissions for its LL.M. in Investment and Securities Law program for the 2025–26 academic session. The application window began on January 17, 2025, and will remain open until April 15, 2025.
All candidates, including those applying under the Industry or industry-sponsored candidates, should appear for the All India Entrance Test conducted in the form of an online interview and selection shall be made solely on that basis. The Total Fees for this course is INR 3.79 Lakhs. Students with an LLB degree or an equivalent examination with a minimum of 50% (45% for reserved category candidates) are elogible for applying for this course.
To apply for the Post Graduate Programme in Securities Markets (PGPSM) at NISM, Mumbai, follow these general steps:
Visit NISM's Official Website: Go to the National Institute of Securities Markets (NISM) official website.
Navigate to PGPSM Section: Find the section dedicated to the PGPSM program. This section typically includes details about the program, eligibility criteria, application process, and deadlines.
Review Eligibility Criteria: Carefully read through the eligibility criteria to ensure you meet all requirements. Eligibility criteria usually include educational qualifications, minimum marks, and sometimes work experience.
Create an Account (if required): Some institutes require prospective students to create an account on their admission portal. Follow the instructions to create your account if this is necessary.
Fill Out the Application Form: Complete the application form with accurate and complete information. Provide details such as personal information, educational background, and any other required details.
Upload Documents: Prepare scanned copies of necessary documents such as educational transcripts, certificates, identification proof, and passport-sized photograph. Upload these documents as per the specifications provided.
Application Fee Payment: Pay the application fee online, if applicable. The fee amount and payment methods are usually mentioned on the website or in the application form.
Submit Application: After filling out the form and uploading all required documents, submit your application online through the portal.
LLB is the required eligibility criteria for LLM admissions. All candidates, including those applying under the Industry or industry-sponsored candidates, should appear for the All India Entrance Test conducted in the form of an online interview and selection shall be made solely on that basis. The Foreign National/ OCI/PIO/NRI Candidates are also selected on the basis of an online interview.
I want to join PGP course but I want to know about fees structure
The total fee of NISM PGP is INR 2.75 lacs. The year wise fee structure has not been released by NISM Mumbai.
No, NISM Mumbai doesn’t offer 3 years degree in management course.
The admission date for the academic session 2024-25 has not been announced yet at the National Institute of Securities Market.
Yes, the National Institute of Securities Market offers maximum courses in offline mode, on campus, and regularly.
You can get the admission to PGPPM provided that you have cleared CAT/ MAT/ CMAT examination with valid scores.
1. What is the fees structure & duration of course ?
The fee structure and duration of NISM Mumbai varies from course to course. Click on the below link to get the fee structure and duration course wise
Link: NISM Mumbai Courses & Fees
You need to appear for and pass either CAT or XAT or CMAT or ATMA or MAT or GMAT or MHCET for taking admission to NISM Mumbai PGDM.
You can contact on official number of NISM Mumbai which is +91 – 8268002412 for collecting information about whether admissions are open or not in NISM Mumbai.