NISM runs the two-year PGDM in Securities Markets, PGDM (SM), as its flagship programme and also offers an LLM in Investment and Securities Law. The total PGDM (SM) tuition fee for 2025-26 is INR 6.14 Lakhs. Applicants must have completed Class 10+2 and graduation from a recognised institution with at least 50% marks. Selection considers CAT, XAT, CMAT or MAT scores, followed by a Personal Interview.

NISM PGDM (SM) Admission 2026

The PGDM (SM) focuses on the Securities Market. For the 2025-26 academic cycle, the programme has a total tuition fee of INR 6.14 Lakhs for 2 years. The table gives its specialisation, entry requirements and selection method.

Course Specialization Eligibility Selection Criteria
PGDM (SM) Securities Market 10+2 and graduation with 50% CAT, MAT, XAT or CMAT scores

NISM PGDM (SM) Admission Process 2026

  • Students applying for PGDM (SM) must have passed Class 10+2 and completed graduation from a recognised institution with a minimum of 50%.
  • NISM first considers the applicant's CAT, XAT, CMAT or MAT score. Shortlisted students then attend a Personal Interview.
  • The final merit list uses the component-wise weightages shown below.
Component Weightage (%)
Competitive Exam Score (CAT 2025, XAT 2025, CMAT 2025, MAT 2025/26) 50
Personal Interview (PI) 30
Past Academics (Xth / SSC) or Equivalent Examination 5
Past Academics (XII / HSC) or Equivalent Examination 5
Past Academics (Graduation) 5
Profile (Academic Diversity and Gender Diversity) 5
Total 100

NISM PG Admission 2026

Other postgraduate options at NISM include the Post Graduate Program in Investment and Securities Market (PGPISM), Post Graduate Certificate in Securities Market (PGCSM) and LLM in Investment and Securities Law. Their eligibility and selection requirements are listed below.

Course Eligibility Selection Criteria
LLM LLB with 55% marks NISM Aptitude Test and Personal Interview
PGPISM A 3-year bachelor's degree with 2 years of full-time work experience, or a 4-year bachelor's degree with 1 year of full-time work experience Academic records, including professional experience or qualifications, and a Personal Interview
PGCSM Graduation with at least 55% marks and a minimum of 3 years of work experience. The age limit is 30 years. Aptitude Test and Personal Interview

NISM Admission 2026 FAQs

Ques. How does the PGPISM Personal Interview assess applicants?

Ans. The Personal Interview is an important stage of PGPISM selection. A panel of faculty members and industry experts checks the applicant's interest in financial markets, communication, analytical skills and career plans. It may be held online or in person and generally takes 15 to 30 minutes. The panel also considers academic history, knowledge of current financial affairs and the applicant's reason for choosing a career in securities markets.

Ques. Who meets the academic requirements for the LLM course?

Ans. An applicant must have an LL.B. or equivalent qualification with at least 50% marks. Students waiting for their results may apply provisionally, but they must satisfy the eligibility rules by the stated cut-off.

Industry-sponsored applicants must also have at least 3 years of experience with a regulator, financial institution, legal firm or market infrastructure body.

Ques. Which subjects are tested in the online LLM entrance examination?

Ans. The online entrance test includes questions from these areas:

  • Constitutional Law
  • Jurisprudence
  • Law of Contract
  • Company Law
  • Current Affairs

Ques. Can an employed applicant enrol in the PGPISM programme?

Ans. PGPISM is a one-year, full-time residential programme offered only at the NISM campus in Patalganga near Mumbai. Students must live on campus and attend regular classes. A working professional may join if the employer provides sponsorship or approves study leave or a one-year sabbatical. The applicant must still meet the programme's eligibility and selection conditions.