Industry Recognition: Achieving NISM 8 certification provides valuable recognition in the Indian equity derivatives market. It sets candidates apart when applying for job opportunities and seeking promotions.
Enhanced Knowledge and Skills: The certification process enhances candidates' expertise in various areas, including derivative products, trading strategies, and risk management techniques.
Professional Development: Holding NISM 8 certification contributes to professional development, showcasing a commitment to excellence in the field.
Career Opportunities: Successfully passing the NISM 8 exam can unlock a plethora of career opportunities, allowing candidates to take on challenging roles within the equity derivatives market.
Preparation for the NISM Exam:
To excel in the NISM 8 exam, candidates should follow these steps:
Thorough Syllabus Study: Carefully study the exam syllabus, ensuring a comprehensive understanding of all the covered topics.
Enroll in NISM Derivatives Courses: Consider enrolling in NISM derivatives courses to gain in-depth knowledge and practical insights into the subject matter.
Practice Exams: Practice with NISM sample exams and mock tests to familiarize yourself with the exam format and types of questions.
Job Opportunities After NISM Certification:
Upon completing the NISM exam, individuals can explore various job opportunities in the financial sector, including:
Dealing at a Brokerage: Work as a dealer or trader at a brokerage firm, executing trades on behalf of clients.
Support Executives at a Brokerage: Assist clients with their trading and investment needs, providing support and guidance.
Risk Management at a Brokerage: Focus on managing and mitigating risks associated with trading activities.
Sales at a Brokerage: Engage in sales activities, promoting brokerage services and financial products to potential clients.
Sales at a Hedge Fund: Explore sales roles at hedge funds, catering to high-net-worth individuals and institutional investors.
Certification Details:
Certification Validity: The NISM 8 certification is valid for three years. Afterward, candidates can retake the exam using the same online method or opt for the CPA one-day training program conducted by NISM.
Exam Duration: The exam is a two-hour test.
Exam Fees: The exam fee is Rs 1500, and it is non-refundable.
Question Format: Questions in the exam are of the true or false and objective types.
Negative Marking: There is a penalty of 0.25% for each incorrect answer, with one mark deducted for every four wrong answers.
Additional Notes:
Ensure you have your hall ticket and a government-issued identity card (e.g., PAN card) when attending the exam.
Arrive at the exam center at least 10 minutes early, and note that a calculator is not required.
It's advisable to practice with a mock test or model exam containing a minimum of 300 questions and answers before attempting the actual exam.
Exercise caution and do not attempt to answer all 100 questions since negative marking is applied in this exam.