Introduction to Financial Market Management as a course under Professional Competency Education at Senior Secondary level

As you are aware, the Central CBSE Board of Secondary Education (CBSE) has been offering a nurnber of courses under vocational education at senior seeondary level. The Govt. of India in recent years has laid a lot of emphasis on streamlining vocational education so that it fulfils the emerging need of the market by focusing on employability skills. In consonance with this thrust the CBSE has introduced a course in Financial Market Management (FMM) under vocational stream from the academic session 2007-08.

In recent times, there is a strong public perception for imparting the knowledge about the financial markets, the kind of processes & activities taking place in these & the kind of skills required to handle such dealings. All this demands a lot of expertise & entails an early exposure to this field. The sheer volume of knowledge that has been generated in this field, its practical value in the context of prospective growth profile of Indian Financial Market, makes it all the more important to present packages especially devoted to the cause of this enterprise. India as one of the emerging markets in the world, with more than two Crores of investors including a large number of foreign Institutional Investors, promises to provide early job opportunities to many. Also the Business Process Outsourcing (BPO) Industry has created a huge dernand for employment and this trend is likely to continue in the years to come. The general computer application in financial sector, an important part of all offices irrespective of their nature, organized/unorganized, public/private, could be another area of employment for the youth as the course covers all such skills under its curriculum.

The CBSE Board has been fulfilling its commitment to provide for the newer & hitherto untapped options to groom the employability skills of students at school level in a more focused & effective manner. Following the same line the CBSE Board introduced Financial Market Management from the session 2007 as one of the vocational courses for senior secondary classes. The response to this vision has been overwhelming so far & more than seventy schools with around 1400 students have already been admitted in classes XI in 2007.

Now CBSE Board would like to invite the affiliated schoolsof the CBSE Board having required infrasructural facilities & dedicated faculty to learn & teach newer pragmatic subjects are again welcorne to join in for this course from the academic session 2008-09.

This new package consists of three vocational subjects each in class XI and XII. Besides, these three vocational subjects’ students are required to take one language and one academic elective subject relevant to the field or students can take two languages besides three vocational subjects. The students can also opt for additional sixth subject which can either be a language or an academic elective subject.

SALIENT FEATURES OFTHE COURSE

l.The primary objective of the course is to develop practical employability skills in financial markets, BPOs and Financial Accounting.

2. The course will have the following three core subjects at classes XI & XII,

Class XI

(a) Accounting for Business-I

(b) Introduction to Financial Markets-I

(c) Computer Application in Financial Markets

Class XII

(a) Accounting for Business-II

(b) Introduction to Financial Markets-II

(c) Business Process Outsourcing Skills

3. The vertical mobility for students pursuing higher education is taken care

4. The cuniculum has been designed by eminent experts from relevant industries in the field.

5. The basic academic ingredients required to attain this quality are incorporated in the syllabus

6. The textual material has been prepared by subject experts drawn from different fields and published by the CBSE

7. The qualifications of the teaching staff are enclosed as Annexure-I

8. The CBSE Board will undertake training of teachers both for theory and practical.

9. The course can be started in Class XI of the academic year 2008-09.

10. Infrastructure requires: “The school should have sufficient computers with intemet facility to introduce this new course.

The schools that are interested in introducing this new course under vocational stream from academic year 2008-09 may write to the undersigned giving their willingness for the same at e-mail address i.e. cbseedusat12@rediffmail.com or by post. The letter of willingness should reach the undersigned by 10th February, 2008 to enable the CBSE Board to process the applications further. The syllabus of the course is available on our website www.cbse.ruc.in

The schools that are interested in introducing this new course under vocational stream from academic year 2007–08 may write to the undersigned giving their willingness for the same at email address i.e. cbseedusat12@rediffmail.com or by post. The letter of willingness should reach the undersigned by 28th February, 2007 to enable the CBSE Board to process the applications further. The syllabus of the course is available on our website www.cbse.nic.in 

Annexure-1 TEACHING FACULTY AND THEIR QUALIFICATION (FINANCIAL MARKET MANAGEMENT)

1. TEACHING FACULTY

(a) Full Time Teacher

(b) 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 molecules 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 experience of working in all the module of MS-Office (Word, Excel, Power Point, Outlook).

(b) Desirable

(i) Bachelor of Education or teaching degree from recognized University/Institution

(ii) Having experience of Accounting Software.

Part Time Teachers

Practical trainers duly trained by organization 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 experience in the field