FMM(Financial Market Management) 2012
CBSE Students now have one more option to choose from apart from the conventional medical, non-medical, commerce, arts streams. From this session, CBSE is introduced financial market management (FMM) as a course for plus one students. In countries like UK and USA the financial education starts from Class VI onwards.
The main objective of the course is to develop professional competency and employable skills in financial market management. Chief coordinator, course committee and HOD, EDUSAT CBSE, said, “We are introducing this professional course from 2007-08 academic session. At this juncture, it is more appropriate for developing course on financial market as there is a huge employment potential in this area.
We want to offer flexibility to students and that’s why we are exploring more relevant options. We hope that this course helps a large number of youth to acquire employable skills and to enter world of work for decent livelihoods and for economic growth of the country.” Moving with the market, he said, “In future more new courses will be offered depending upon the demand of the market.”
The FMM will consist of three compulsory professional subjects each in classes XI and XII in addition to two academic electives one of which must be a language. Though not compulsory, students taking up this package would be advised to offer Functional English for Language-1.
For the second elective there are three optional academic subjects. They can choose any one subject of their choice to maintain the vertical mobility for pursuing higher studies. The students may further opt for an additional sixth subject which can either be a language or an academic elective or a professional subject.
The curriculum includes accounting for business, introduction for financial market, business process outsourcing skills, computer applications in financial markets, economics, etc. The curriculum would be revised periodically as per the demand of the market.
Mostly, the teachers of economics, accountancy will be teaching these subjects. “There are various options available for students, who wish to pursue this course. Options are at galore in fields like trading, marketing, bank offices, IT sector, finance and audit companies, BPO sector etc,” added Bhushan.
Question: I am Jasminder Preet. Studying in std XIIth with FMM (financial market management) course newly launched by CBSE. I want to do some course after my XIIth. About 3-5 years only, I want to do that course that could help me to earn about 30-50 thousand per month. My course syllabus is almost same to MBA-finance I am having five subjects namely financial market management , business process outsourcing, english, business studies and introduction to business accountancy I have done three modules of NSE and i am dealer according to it I got 94% in my Financial Markets: A Beginners’ Module I got 83% in my Capital Market (Dealers) Module I am going to appear for Derivatives Market (Dealers) Module next month Please tell me some high scope course available for me. Kindly reply i will be every thankful to you
Answer: After completing your 12th std, you need to do graduation taking up this subjects as one of the subjects as most of the universities, except Jamia and Delhi university, offer only post graduate courses in this field. Jamia and Delhi University offer under graduation in these subjects. After your graduation, you can opt for MBA,which deals with management as a whole that is, marketing, finance, HR, organisation, etc. You can also do MFA which will allow you to specialise in management or finance only. MCom, on the other hand, is a theory based program that gives you a strong foundation in the fundamentals and is more useful to those who wish to enter research, teaching, etc.
If you are clear that you would like to take financial management as your career, then you may take up MFA, otherwise do an MBA, before you specialize.
Presently in India, a most sought-after course for training this field, called The Chartered Financial Planner (CFP) course is offered by two education bodies. The Association of Financial Planners (AFP) in technical collaboration with the Financial Planning Association of Australia Ltd. (FPA). This 2-year comprehensive distance-learning programme covers all topics of financial field like, employee benefits, wealth creation, budgeting, cash flow management, insurance planning and risk management, retirement planning, tax and estate planning debt management and financial plan construction.
If you are having difficulty in deciding and are very confused then, yes, one-year of actual work experience will give you a very clear picture of the working world.
Do ensure that you work in an organisation where you have opportunity to learn various aspects of practical work.
- Practical Exams for FMM(Financial Market Management)
- FMM(Financial Market Management)
- Financial Market Management (FMM) Class XI and XII
Tags: fmm subject, financial marketing management cbse, fmm stream, fmm cbse, financial market management cbse book, Uses of computers in Financial Market Management, NCFM module as per CBSE FMM, financial markets management cbse, cbse 12 th class module pepar of capital market, marketing management curriculum xi cbse