In collaboration with the National Stock Exchange, Central Board of Secondary Education (CBSE) has decided to introduce Financial Marketing Management (FMM) vocational course for the students of class IX and X from the 2015-16 academic session. Under the National Skills Qualification Framework (NSQF), Financial Market Management would be introduced as vocational course which would have Level I and Level II.
The CBSE Director of Vocational courses, M V V Prasad Rao said that a joint certificate course was initiated on FMM at Senior Secondary level (class XI-XII). It was in collaboration with the NSE as well, in which CBSE took the responsibility to teach students the vocational subject. IT was initiated in the academic session of 2007.
For this year’s FMM course the students of Class IX and X have to undergo two subjects, which would consist of 200 periods each. The subjects would hold 60 marks for theory and 40 marks would be up for practical papers. The students in class IX would study the basics of Money management under the course and those of class X would undergo an Introduction to Financial markets.
In order to develop practical skills among the students, they would need to practice on market simulation software named NSE Learn to Trade (NLT), which is web based software. The successful students would get a joint certificate from NSE and CBSE after the completion of the course. For FMM papers NSE would also conduct an online examination. This course is expected to provide trained professionals in the field of Banking, Financial services and insurance industry.
The objective of the course is to provide employability skills to students who want to pursue their careers in BFSI industry. After the completion of the course, the students could also pursue further studies in the subject that are offered by more than 16 universities in the country.