The Central Board Secondary Education (CBSE) has decided to introduce Financial Market Management (FMM) vocational course for class IX and X. The course will be offered in collaboration with the National Stock Exchange from academic session 2015-16.
Financial Market Management will be introduced as a vocational course under the National Skills Qualification Framework (NSQF) at Level I and Level II, said MVV Prasad Rao, CBSE Director (Vocational).
A joint certificate course on FMM was introduced at Senior Secondary level (Class XI—XII) in collaboration between CBSE and NSE from academic session 2007.
The FMM students will study two subjects in class IX and X for 200 periods each, which will hold 60 marks for theory and 40 marks for practical each.
In class IX, the students will study Basics of Money Management, and in class X, they will study Introduction to Financial Markets.
To develop practical skills, students will also practice on various modules of NSE Learn to Trade (NLT) a web-based market simulation software.
CBSE and NSE will provide a joint certificate to students on successfully completing the course. NSE will also conduct an online examination for FMM papers, Rao said.
He said the course assumes significance as there is an acute shortage of trained professionals in Banking, Financial Services, and Insurance (BFSI) industry.
The primary objective of the course is to develop practical employability skills in students for BFSI industry.
Students can also pursue further studies as more than 16 universities are already offering BBA, MBA in Financial Markets.
