Choosing Career in
Indian Stock Market
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 an assorted and complex 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.
Certify yourself
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 the stock market, you will
have to manage money matters on behalf of others, particularly when you work
with large and successful capital markets oriented companies. 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
decisions 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
Website: http://www.icsi.edu/
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
D.
C.
Byte Institute of Management Studies and Research,
Nashik-422 005,
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,
Fort, Mumbai,
Course offered: Certificate courses are run periodically throughout the year
B/303,
Ventex Vikas,
M.V. Road,
Andheri East,
Mumbai,
Course offered: One-year correspondence cum lecture course leading to a
diploma in financial and Investment planning
Road
No. 3, Banjara Hills,
Hyderabad,
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
