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 1 3 – 4 modules
NCMP Level 2 5 – 6 modules
NCMP Level 3 7 – 8 modules
NCMP Level 4 9 – 10 modules
NCMP Level 5 11 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
1 Financial Markets: A Beginners’ Module
2 Mutual Funds : A Beginners’ Module
3 Currency Derivatives: A Beginner’s Module
4 Equity Derivatives: A Beginner’s Module
5 Interest Rate Derivatives: A Beginner’s Module
6 Commercial Banking in India : A Beginner’s Module
7 Clearing Settlement and Risk Management Module
1 Back Office Operations Module
2 Banking Sector Module
3 Capital Market (Dealers) Module
4 Commodities Market Module
5 Derivatives (Advanced) Module
6 Derivatives Market (Dealers) Module
7 FIMMDA-NSE Debt Market (Basic) Module
8 Financial Market (Advanced) Module
9 Fundamental Analysis Module
10 Insurance Module
11 Investment Analysis and Portfolio Management Module
12 Macroeconomics for Financial Markets Module
13 Merger & Acquisitions Module
14 Mutual Funds (Advanced) Module
15 NSDL–Depository Operations Module
16 Operations Risk Management Module
17 Options Trading (Advanced) Module
18 Options Trading Strategies Module
19 Project Finance Module
20 Securities Market (Advanced) Module
21 Securities Market (Basic) Module
22 Technical Analysis Module
23 Wealth Management Module
24 Venture 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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