The Central Board of Secondary Education (CBSE) has made significant changes in its Financial Markets Management (FMM) stream to help students secure admission in universities.
CBSE had launched the Financial Markets Management (FMM) in 2007 in collaboration with National Stock Exchange as a joint certification programme under the vocational education category at the senior secondary level. The course had enthusiastic takers but students felt let down when universities did not consider the subject academic. Hence students could not secure admission to their institute of choice.
A circular dated August 11 mentions based on the feedback from schools that have implemented the FMM course, the opinion of teachers and students, and recommendations of the course committee, the Board has reviewed curriculum.
The changes to be effective from 2010-11 are: the existing three vocational packages will be reduced to two vocational packages by replacing Accounting for Business I and II by regular commerce subject i.e academic elective Accountancy, since most of the syllabus is common in those subjects. The circular also mentioned some universities that recognize the stream. DU has recognized the FMM course under vocational stream from 2009-10. Mumbai University has launched B.Com in Financial Markets from 2008-09.