Diploma in Commodities Market (DICM)
by We School (Welingkar Institute of Management)Mumbai, Bangalore, New Delhi |
| Eligibility: (Pre-requisites) | HSC |
| Medium of instruction: | English |
Commodities Trading is a global phenomenon and offers tremendous potential to market participants for both profit taking on small price corrections as well as to hedgers looking at managing price risk on account of price fluctuations.
In developed markets, futures trading is conservatively 10 times the size of cash market in commodities. If we consider the fact that in the US, where the futures trading is almost 20 times that of the cash market production, it would only be fair to suggest that our futures market would be a very large and deep market, easily many times more than that of the securities market.
As per the figures available for the year 2004-05, for commodities produced in India, the value of this produce (including all agricultural commodities and metals), is around Rs 6,00,000 crore. Therefore, the potential futures market size, based on the international ratio of cash market to futures market (with a conservative multiplier of 10) could be easily valued at Rs. 60,00,000 Crore, which is awaiting to be tapped. Welingkar open up this opportunity for all commodity market participants to come, participate and benefit from this market.
Note from Prof. Dr. Uday Salunkhe
Over the last couple of decades, Welingkar has established itself as one of the premier B-schools in India. This has been achieved through progressive management, realistic vision for the future and strategic collaborations. Welingkar has been recognized as an institute which adds immense intellectual, cultural and professional energy to the industry on a continuous basis. The aim driving Welingkar is clear and challenging - to be an institute which is global in character and focus, world class in the faculty, staff and students it attracts; and set benchmarkable academic standards.
Welingkar strongly believes in innovation, both in pedagogy and curriculum to meet the needs of the industry not only today, but into the future. Our key focus areas are in designing programs for new sunrise industries be it e-commerce, BPO, commodity derivatives or retail.
The Diploma in Commodities Market (DICM) is the result of one such innovation. This program differentiates itself by being a unique program on the Commodities Industry with detailed emphasis on the practical aspect of online trading in commodities. A force to reckon with in the emerging Commodities Industry, innovative in their business approach, services and product offerings. This program presents the ideal gateway to a promising career in this up coming field.
We welcome you to come and begin this unique program. I can assure you that this experience promises to be demanding, fun, intense and always dynamic.
Prof. Dr. Uday Salunkhe
Director, Welingkar Institute of Management
About Welingkar
Welingkar Institute of Management was established in 1977, by the S P Mandali, a 120 year old charitable trust that is headed by Former Chief Justice of India, Justice Y V Chandrachud. The trust manages 43 educational institutes in Maharashtra. Strategically located, Welingkar has been acclaimed as the fastest transforming B-school in the country based on its formidable reputation earned for its pragmatic approach to management education.
Academically, Welingkar has the best planned network of faculty with strong academic and versatile corporate experience. With an expansive campus, Welingkar is the first management institute in the private sector to implement Gigabit Ethernet as a backbone and has an uplink to workgroups.
Welingkar today is one of the most forward looking B-school in India. Having recognized the importance of global affiliations, Welingkar has taken numerous efforts to start ahead of times - be it tie-ups with international universities, faculty exchange programs, joint research initiatives or the Global Internship Program.
Welingkar runs all its programs at its main campus in Mumbai and select programs at the Welingkar Center in Bangalore. The Bangalore Center is a smaller version of the Mumbai campus, set up to cater to the needs of sun rise industries like e-business, retail, IT/ ITES, commodity derivatives and BPO.
Welingkar Institute of Management's Center for excellence in Finance
Welingkar Institute of Management's Center for excellence in Finance is a focused effort on the part of the institute to disseminate knowledge by structuring professional programs in various functional areas of finance and designing need based training modules. The center tries to provide the right mix of theoretical knowledge and practical exposure; helping update the skills of the different stakeholders of the industry, be it Corporate, Banks, Professionals, Institutions, or Students.
The center has over the years designed and developed various programs catering to different levels in the organization. These programs have been designed after receiving feedback and inputs from the corporate so as to ensure maximum relevance and applicability.
Overview of the program
The program will be broadly classified into three sections:
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The first section will be utilized to cover introduction to commodity markets, both in India and abroad; regulatory framework, issues in commodity trading and markets, future of commodity trading in India, various commodities traded in markets, bank finance, understanding of other markets like stock market and forex market etc.
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The second section will cover derivative products, options, futures and spot trades, mechanism of trading, clearing system, margin requirements, mark to market system, membership issues and registration procedure, risk management, hedging and speculative trading, difference between commodity trading and stock trading, special issues relating to commodity market.
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The third section will cover actual trading practices, hands on experience on trading, particularly trading in select commodities, visit to the exchange, mock-trading sessions / games and assessment of the result of the mock trading sessions and taxation aspects of the commodities market.
Duration of the Course
It is a 3 month duration distance learning program
Program Duration & Structure :
Distance Learning Mode
Pogram material
A 3-volume detailed program material from Welingkar is sent to the candidate.
Medium of Instruction
The medium of instruction is English
Faculty
Welingkar has the best planned network of faculty, with both excellent academic and versatile corporate background; who help bring in the practical angle to management education. They are seen as leaders in their fields and are regularly approached for expert assistance. They act as policy and business advisors to various local, national and multi national organizations.
Industry experts in respective commodities will also be a part of the faculty for the program.
Admission Procedure , Eligibility and Fee structure
We look to enrol participants who have unique combinations of high leadership potential, academic excellence, and individual experiences and perspectives. But most important, those who believe in the commodities boom and have a passion towards the commodities industry. We focus on decent academic record, an innovative mindset, leadership abilities, and a quest for excellence. We seek candidates with a sincere desire to engage intellectually in the classroom and apply this knowledge practically in the industry. We concentrate on -
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Academic Potential
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Professional Experience (If any)
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Entrepreneurship fervor
Eligibility
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HSC
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Diploma Holder (SSC + 3 Years / HSC + 2 Years)
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Graduate in any faculty from any recognized University.
Course Fee
Distance Learning Mode: Indian citizens Rs. 11,236/-
Distance Learning Mode: NRI / Foreign nationals Rs. 22,472/-
Enclosures
Please submit the printout of duly filled online application form along with the respective qualification document attested mark sheet photocopy one, one recently passport sized colour photographs to be paste on the printed application form, Sign blow the photograph in the given space only, do not sing across the photograph, payment mode cheque / DD.
Mode of Payment
Mumbai campus only. Candidates need to send in a Demand Draft/Local Cheque in favour of 'Welingkar Institute of Management Development and Research', payable at Mumbai . Completed forms/request for forms by post must be sent to the institute's Mumbai campus only.
Cancellation of Admission & Refund of Fees
Registration once confirmed cannot be cancelled and the payment will not be refunded.
| Distance Learning/Correspondence | ||||
| When | Duration | Where | Remarks | Price |
| Not Specified |
3 Months |
Distance Learning/Correspondence | Not Specified |
INR 11,236 Per Course (Taxes As Applicable) |
| Price Notes: Distance Learning Mode: NRI / Foreign nationals Rs. 22,472/- | ||||
Bangalore, Hosur Road (Campus):- 102/103, Electronic City Phase 1, Next to Telephone Exchange Hosur Road, Bangalore - 560100, Karnataka, India
New Delhi, Lajpat Nagar (Branch):- House No.1, 2nd Floor, Ring Road Lajpat Nagar, New Delhi, Delhi, India
Bangalore, Hosur Road (Campus):- 11, Emen Arcade, Krishna Nagar Industrial Estate, Near Dairy Circle Hosur Road, Bangalore - 560029, Karnataka, India
We School (Welingkar Institute of Management)
Welingkar Institute of Management Development (WeSchool) was established in the year 1977 with a focus on giving a new dimension to Business Studies. It is part of the Shikshana Prasaraka Mandali, which has 43 prominent institutions across the country under its purview.
With a strong educational legacy of over thirty years, WeSchool believes in the excellence of quality education catered in relevance to the current times and industry demands; thus giving students a complete educational experience.
WeSchool’s strategy of responding efficiently and effectively to the needs of the industry and student community brings it in the league of leading Business Schools across India and South East Asia. With various other academic achievements and accolades, WeSchool has recently been ranked 1st in the West Zone by Careers 360 Education Survey, 2013.
Along with providing full-time business management courses, WeSchool has also been responsible in pioneering various part-time Diploma & Certification Programs and Post Graduate Diploma In Management through hybrid learning format. WeSchool has gained the distinction of being one of the few institutes whose hybrid programs have been accredited by the Distance Education Council (DEC), an apex agency, responsible for recognizing Open and Distance Learning Institutions in India.
At WeSchool, all the business management courses are tailored to give a clear understanding of Management subjects and are well-structured to enhance functional and soft skills development of its students. Combination of modern and traditional teaching methodologies help students to gain knowledge in the best way possible, while also helping them to realize and believe in their potential to evolve as successful role-players and decision makers in the professional world.
WeSchool is committed to produce outstanding managers with broad based knowledge, analytical ability, team experience and critical interpersonal skills necessary to meet today's and tomorrow's management challenges.
