NCMP – NSE Certified Market Professional – For Proficiency In Financial Markets

What is NSE Certified Market Professional ?

National Stock Exchange of India, has introduced NCMP (NSE Certified Market Professional) certifications in August 2009.  This is to reward candidates of NCFM to better demonstrate their skills and knowledge in various topics of financial markets.  Before this there was no proper way for a candidate of NCFM to show their achievement.  NCMP fulfills that deficiency and gives successful candidates of NCFM exams to give an edge to their resume?

What are the various levels of NCMP Certification?

At the time of introduction of this certification, only 4 levels were available.  The highest level was Level 4 for candidates who have passed 9 or more NCFM modules from selected exams. In 2011, NSE started giving NCMP Level 5 certification for candidates who passed 11 or more unique NCFM modules.  The list of eligible NCFM exams were only 9 at the time of introduction of NCMP with only 4 levels.  But at present candidates can get these certifications by passing NCFM certifications out of 7 Basic modules (Although candidates pass more than 2 basic modules, only 2 are considered for awarding NCMP Levels of 2 and above. The limit is only one basic module for Level 1 of NSE Certified Market Professional Certification).

Various Levels of NSE Certified Market Professional

NCMP Level 13 – 4 modules
NCMP Level 25 – 6 modules
NCMP Level 37 – 8 modules
NCMP Level 49 – 10 modules
NCMP Level 511 or more modules

What are the eligible NCFM modules that qualify for NCMP Certification of NSE?

At the time of writing this total 31 NCFM modules are eligible for award of NCMP certificate.  One can be awarded maximum of NCMP Level 5 by passing 11 or more modules out of the below list. This can be achieved by either writing a maximum of 2 basic and 9 other modules or by taking 11 other modules. The certificates are generated on monthly basis by NSE for eligible candidates.  At the time of generation of these, only Valid (Not expired) NCFM modules will be taken into consideration.  Also only unique certifications are counted for this purpose.  For example one can not get Level 1 certification by passing same NCFM module by passing same one 3-4 times.  They must be unique.

Sr. No.Name of Module
1Financial Markets: A Beginners’ Module
2Mutual Funds : A Beginners’ Module
3Currency Derivatives: A Beginner’s Module
4Equity Derivatives: A Beginner’s Module
5Interest Rate Derivatives: A Beginner’s Module
6Commercial Banking in India : A Beginner’s Module
7Clearing Settlement and Risk Management Module
1Back Office Operations Module
2Banking Sector Module
3Capital Market (Dealers) Module
4Commodities Market Module
5Derivatives (Advanced) Module
6Derivatives Market (Dealers) Module
7FIMMDA-NSE Debt Market (Basic) Module
8Financial Market (Advanced) Module
9Fundamental Analysis Module
10Insurance Module
11Investment Analysis and Portfolio Management Module
12Macroeconomics for Financial Markets Module
13Merger & Acquisitions Module
14Mutual Funds (Advanced) Module
15NSDL–Depository Operations Module
16Operations Risk Management Module
17Options Trading (Advanced) Module
18Options Trading Strategies Module
19Project Finance Module
20Securities Market (Advanced) Module
21Securities Market (Basic) Module
22Technical Analysis Module
23Wealth Management Module
24Venture Capital and Private Equity Module

What is the Validity Period of NCMP ?

Although, NCFM modules have validity period of certifications offered, NSE Certified Market Professional Certifications do not have any validity period.  For example if one manages to get 11 or more NCFM modules and get NCMP level -5 certification, it will be valid for life time. They are issued free of cost and they are in addition to usual NCFM Certifications.

Before making NISM modules mandatory for employment in various roles of financial markets, NCFM certifications were most prominent option for most candidates.  It was due to their centers availability all over India and wide industry recognition.  But with the introduction of various NISM modules, they lost the advantage.  Still there are many innovative and industry required NCFM modules are available for candidates which are not available in NISM.  It will be better to select NISM modules if available for the subject matter or else one can choose NISM modules.  For example, one has to take NCFM module of option trading strategies or option trading strategies advanced module, if one has to demonstrate their domain knowledge in options trading.

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