Financial Market Management in CBSE schools

CBSE introduced Financial Market Management in order to promote employment opportunities. It was started in the year 2007 for the first time in India at 10+2 level. It was a revolutionary step by introducing Professional Competency Education or Occupation Oriented programme at higher secondary level. MyCBSEguide provides you all the details on this topic for complete understanding.

Hon’ble Prime Minister of India announced on the Independence-day that the Scheme of Vocational Education and Training will be implemented in a mission mode to provide employment to a large number of youth in the county. India being young nation, around 28 million youth are added every year looking for employment.  To fulfil the training needs of the huge target groups, emerging employment opportunities in various sectors of economy need to be explored.

Though, in India, there are about 18.8 crore investors and many more of similar number of prospective investors are likely to enter into the financial market in coming years, there will be an acute shortage of trained professionals in the Financial Markets. The National Skill Development Corporation, Govt. of India has also identified Financial Services Skills as one of the 21 employable skills. A career in Financial Markets provides employable skills for life.

It is no doubt that in view of such an acute shortage of professionals and for India to attain major role in the world economy, Govt. of India is also taking initiative to make “Financial literacy” as a compulsory subject for students of all streams in Senior Secondary level. In an initiative, the government as per Gazette of India notification dt. March 6, 2010 has reduced the minimum age for employment from 21 to 18 years for handling NSE terminal in Capital Market & Derivative Market.

NCERT has provided all necessary support for development of curriculum and other teaching learning material for the course. It is hoped that the present curriculum would help a large number of youth to acquire employable skills and to enter world of work for their decent livelihoods and for economic growth of the country.

The CBSE has also reviewed the curriculum and course structure of Financial Market Management. Based on the feedback received from the schools who have implemented FMM course, and on the basis of the opinion of teachers and students, and as per the recommendations of the course committee, the following, changes have been made by the Board w.e.f. the academic session 2010-11.

The existing three vocational packages will be reduced to two vocational packages by replacing “Accounting for Business I & II by regular commerce subject i.e academic elective, Accountancy (code-055) since most of the syllabus is common in those subjects. This step will further make the admission procedure easier in to undergraduate courses in various universities with combination of Accountancy as an elective subject.

The Board used to send the question paper of class XI only in three vocational subjects of FMM in order to standardize and to ensure the uniformity among the schools opting FMM stream. But the existing policy of conducting class XI FMM annual Examination will be discontinued from the academic Session -2010 and hence forth, the schools opting the FMM course shall conduct the XI annual examination internally as the teachers are well trained by now.

Employment opportunities in Financial Marketing Management (source: CBSE)

1.Trading

2.Dealer, Cash and Futures Market.

3.Arbitrageurs, Cash and Futures Market.

4.Marketing

5.Executive, Client Acquisition.

6.Executive, Client Conversion and Retention.

7.Sales Executive.

8.Management Trainees.

9.Customer Care, E-broking.

10.Telemarketers/Telecallers.

11.Executive, Market Research.

12.Back-Office

13.Accounting and Finance Executive.

14.Executive, Depository Participant.

15.Executive, Payment Collection.

16.Executive Investor’s grievance.

17.IT

18.Executive, Finance Technology.

19.Executive, Web Developer.

20.Finance and Audit Companies

21.Account Manager.

22.Commercial Assistant.

23.Junior Accounts Executive.

24.Finance Coordinator.

25.Taxation Assistant.

26.Accounts & Finance Executive.

27.Assistant in Trust companies and other financial institutions.

28.Computer Operator in Financial and other companies.

 

Teaching Faculties and Their Qualification For Financial Market Management (sources CBSE)

 

Teaching Faculty

1. Full Time Teacher
2. Part Time Teachers (Drawn from the industry/relevant field)

2.Qualification

Full Time Teachers

a) Essential

M.Com./ MBA/ MA (Economics)/ Master of Financial control/ Master of Financial Services or equivalent for Accounting for Business.

OR

Bachelor degree from recognised University/Institutes with NSE’s Certification in Financial Markets (NCFM) having passed 3 modules with minimum 60% in

 

1. Financial Markets (Beginners’ Module)
2. Capital Market Dealers Module
3. Derivative Markets Dealers Module.

OR

Bachelor degree in Computer Science/Application from recognised University/Institutes with Minimum two years of experience of working in all the module of MS-Office (Word, Excel, PowerPoint, Outlook)

b) Desirable

1. Bachelor of Education or teaching degree from recognized University/Institution
2. Having experience of Accounting Software.

 

Part Time Teachers

Practical trainers duly trained by organizations dealing in financial markets. The trainers should have passed relevant module of NSE.

OR

Practical Trainers should be from stock exchanges or stock broking companies/financial institutions or BPO Industry with minimum of 2 years of experience in the field.

Go through the given links below

CBSE class 11 syllabus for Mutual Fund

CBSE class 11 syllabus for Foundations of Financial Markets

CBSE class 12 syllabus for Capital Market Operations

CBSE class 12 syllabus Derivative Market Operations