SEBI Regulations Bar Fresh Ivy League Postgraduate Analysts
The current guidelines for financial analysts bars postgraduates from Ivy League varsities to practicing in India, and only qualify graduates from Indian universities.
A new regulation has been notified by the Securities and Exchange Board of India (SEBI) that will bar students from Ivy League and several prominent international universities from being financial analysts in India.
The students from all eight Ivy League institutions in the United States, which are considered the best universities globally, will be barred excluding graduates from Harvard, Yale, Columbia, Cornell, Princeton, Brown, Dartmouth and Pennsylvania universities. Students from institutes like the London School of Economics, Oxford University and Cambridge University will also fail to qualify to be analysts.
As the recent regulation that covers the profession of research analysts in India recognizes only Indian institutes; so, students, will have to have at least five years of experience working in India, from the aforementioned universities want to be finance professions in India in the role of an analyst.
“A professional qualification or postgraduate degree or postgraduate diploma in finance, accountancy, business management, commerce, economics, capital market, financial services or markets” says SEBI research analyst regulations.
The University Grants Commission (UGC) and other bodies like institutes associated with the recognized universities, and autonomous institutes under the Centre’s administrative control recognize these qualifications in the form of degrees of diplomas. All institutes that have been accredited by the All India Council for Technical Education, the National Assessment and Accreditation Council or the National Board of Accreditation will also meet the norms.