If a company needs finance and wants to get it in a way that works best to its advantage, it fulfills its needs by raising the same in what is known as a capital market. A capital market basically is a market created for securities, be it debt or equity, for companies, both private and public, to raise long term funds. For example, if a company requires ten crore rupees and does not want to approach a single institution for the whole amount, it simply gets the amount via shares or debentures. The company will trade its equity shares or debentures (loan capital) in the open market to get the funds it needs to function as per its objectives. The people who subscribe to the shares of the company are known as investors and the people who invest in the debentures of the company are simply known as its lenders. For a company to be successful with its issues in the capital market, it will need the assistance of experts in the same. People who are familiar with the capital market and know how to guarantee a full subscription to a company’s shares are always required by the company. This helps explain why a career in the capital market can be so rewarding, while at the same time being extremely challenging and exciting. It is best suited only for those individuals who are accustomed to thinking on their feet. Read on to know what it takes to be eligible for a course in capital market, career prospects and the institutes offering courses in capital market.
Courses In Capital Market
An individual desiring to do a course in capital markets can do so by taking up a diploma in capital markets or even a certification course in the same. In order to be eligible for a diploma course in capital markets, most institutes only require the candidates to be graduates. Here, individuals hailing from the commerce stream are preferred, but it is not a mandatory requirement. Individuals hailing from the science or the arts stream can also apply for a course in capital market. For certification courses in capital market, the rules are extremely similar to the qualifications criterion for a diploma. Here too, most institutions only require the applicants to be graduates. Although, not as common as diplomas and certificate courses, there also exist post graduation courses (masters) in capital markets that can be taken up by willing individuals. In order to be eligible for a masters course in capital markets, an individual has to be a graduate and preferably one in commerce.
Details Of The Course Curriculum
A course in capital market, especially diplomas and certificate courses, will comprise of a detailed introduction to the capital market, and the ‘know-how’ on how it functions within its broad boundaries. Courses will focus on building expertise amongst students by ensuring that they familiarize themselves with the economic functioning of markets, financial instruments and market mechanics. Courses will also attempt to help students develop what is most needed in a capital market, which is dealing with knowledge. The end objective of a course in capital markets is to arm an individual with expert level awareness on the ingredients that go into making the capital market what it is.
Individuals with ‘on-the-field’ experience in the capital market, and relevant degrees will find it easy to be gainfully employed by companies who ‘ply their shares’ in the capital market. Individuals can work as business development managers, relationship managers or even advisors to companies who trade their securities in the capital market. Graduates with pertinent qualifications can work as assistants to stock brokers, and in time with experience can branch out on their own as independent stock brokers. Individuals can opt to become agents and advisors for and to the companies that function in the capital market. For those individuals who possess specialized knowledge of the capital market, there always exists the option of making it big as a fund manager or portfolio manager of a company. Individuals can also taste success in the capital market by offering consultancy services to their clients. For this however, the concerned individual will have to possess first-hand knowledge of the capital market and its variables, which naturally will come only through experience.
Some Of The Institutes Offering Courses In Capital Markets
ICMA Centre, Mumbai, India
ICMA Centre, University of Reading, United Kingdom
Indian Institute of Capital Management, India