Opportunities for Aspiring Finance Professionals: SEBI Launches Young Professional Program with ₹70,000 Monthly Stipend

A Young Professional (YP) Program has been launched by the Securities and Exchange Board of India (SEBI). With this effort, SEBI will get support on issues pertaining to information technology and the securities industry.

(50)Fifty young professionals will be employed by SEBI and stationed in Mumbai. They will be hired for a period of one year, with the option of two-year extensions, and will be paid a monthly stipend of ₹70,000.

It’s crucial to remember that these interns will not be regarded as SEBI officials or employees and that they will not be eligible for benefits or compensation in the event that they are killed, become ill, or are injured while working for SEBI. The young professionals who have been chosen will work on assignments or projects that suit their skill set, usually non-confidential in nature.

Eligibility Criteria– Qualifications Postgraduates in management, chartered accountants, company secretaries, cost management accountants, and chartered financial analysts from the CFA Institute in the United States are eligible to apply for the program. Individuals who fit these requirements can work in the Securities Market Operations (SMO) field.

Principal Duty– The following tasks might be given to the young professionals: Analysis of IPO Applications: Assessing initial public offerings (IPOs) and other primary market fundraising strategies.

Public Offer Processing: Creating buyback and takeover letters and expediting the public offer document approval procedure.

Surveillance of Mutual Funds: Tracking the activity of mutual funds.

Corporate Governance: Determining the responsibilities of shareholders’ and public interest directors, as well as dealing with corporate governance issues.

Data Analyzing Job– Analyzing historical and present court cases involving credit rating agencies and debenture trustees, as well as data pertaining to companies that have been forcibly delisted.

Limitaions– Limitations on Transactional Activities It is not allowed for young professionals enrolled in the program to trade or speculate on stocks, securities, or commodities.

Prohibition-They are also prohibited from investing in stock and equity-related instruments directly or indirectly, with the exception of certain financial products like as mutual funds, exchange-traded funds (ETFs), non-convertible bonds, and debentures. They are not allowed to act upon or share any unpublished price-sensitive knowledge since they are considered “insiders.” Young financial professionals have a rare chance to assist the regulator’s goal while gaining practical experience in the securities market through this SEBI program.