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Financial Institute of Cambodia prepares people for a career in the stock exchange

Financial Institute of Cambodia prepares people for a career in the stock exchange


The executive director at the Financial Institute of Cambodia (FIC) says 726 stud-ents have completed courses so far at FIC since it opened in early 2011. Tith Seyla, who earned his bachelor’s degree from the Royal University of Law and Economics followed by a master’s degree in economics and management from Lyon 2 University in France, joined the FIC more than four months ago.


The institute is located just opposite Boeung Trabek High School, at the southern end of Monivong Boulevard.

The FIC recently conducted an “approved persons” examination on behalf of the Securities and Exchange Commission of Cambodia (SECC) that included nearly all of the CEO-level stock exchange brokers and underwriters.

When it was established in 2011, the FIC signed a memorandum of understanding with the SECC about the securities market training including the legal framework.  

“Most of the lecturers are from the SECC,” Tith says. “And most of the teachers are SECC people.  For the moment we have six people from the SECC. For the legal framework, the program is from the SECC but it is taught here at the FIC.”

The FIC also signed a memorandum of understanding with the Hong Kong Securities Institute (HKSI) for the development of curriculum and an exchange of lecturers.

The FIC launched new classes this month, each with 20 to 30 students enrolled in courses  including Financial Markets, IPOs, Cambodian and Global Financial Markets and Applied Corporate Finance.

“The students who pass all the eight courses at FIC will acquire very good knowledge of securities markets and investments.  They will know about IPOs in the Cambodian context, SECC regulations and the legal issues from SECC which are updated with every new course,” Tith said.

Designed specifically to train people in the securities markets, the FIC offers eight different courses in the securities market:

  • Cambodia’s stock investments and stock exchange
  • Initial public offering process: basic stock valuation
  • Cambodian and global financial markets
  • Securities investment
  • Applied corporate finance
  • Asset and portfolio management
  • Derivative instruments
  • Legal framework of the securities markets in Cambodia.

The courses cost $180 each and are 48 hours in duration.  The FIC has conducted 24 courses so far, with a failure rate of only 25 to 30 per cent.

Once students complete all eight courses, they receive a graduate diploma in financial markets.

While only four of the eight courses have been launched, when the remaining courses are in place, students will be able to complete work toward a master’s degree in financial markets, Tith says.

“The most challenging course is the one on derivative instruments.”

The FIC currently runs four courses which will later expand After completing  these eight courses, successfully, students get a graduate diploma in Financial Markets, which is part of a Master’s Degree in Financial Markets.

The total master’s degree program requires 54 credits and from two years to three and half years to complete, at a cost of between $3,000 and $3,500.

“The first eight courses cost $1,500 and the second and third requirements cost around $2,000,” Tith says.  “There are three requirements and the first is the eight courses.  The second requirement is the general knowledge to achieve the standard given by the Ministry of Education.  The third requirement is an internship in a security company or a thesis on topics in financial markets.”

Tith says the FIC also offers bachelor’s and associate’s degree programs in securities markets and in applied accounting and finance.

“These programs are intended for the fresh graduates from high school, reaching the young generation of Cambodian human resources.  The master’s courses, however, are not affordable for high-school students,” Tith says.

“The level of the graduate diploma is quite hard.  We create intro courses, associate degree and bachelor’s degree.So far we have opened the associate degree program in financial markets, a two-year program and we have 30 students so far.  The bachelor’s degree is a four-year program. Applicants to the FIC need a high-school diploma and an acceptable level of English.

“They have to take an English placement test.”

“This year we are inviting applications of students from year one and year two at university to pursue the associate degree in financial markets. In the scholarship exam we will test English and logic skills,” Tith says.


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