Bangladesh Institute of Capital Markets

Name

Bangladesh Institute of Capital Markets

Legal name

Bangladesh Institute of Capital Market

Website

https://bicm.ac.bd

Company type

Private

Founded year

2008

Operating status

Operating

Ownership category

akta.pro rank

Product category

Financial Education and Training

NAICS

Portfolio Management and Investment Advice (523940)

akta.pro industry

PRIMARYEDABAJAI

Investments & Capital Markets (Trading, Portfolio, Derivatives)

Education/Corporate Training & Professional Development/Finance, Accounting & Risk Training

SECONDARYBPAHAOAL

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory)

Business & Public Services/Professional Services (Legal, Accounting, Consulting)/M&A, Transaction & Restructuring Advisory

SECONDARYFSACAAAI

Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness)

Financial & Insurance/Capital Markets & Securities/Equity Capital Markets (ECM)

Keywords

• Capital market education
• Professional certification programs
• Finance training
• Investor education
• Financial research

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Degree Program Fees: MAFCM program generates recurring revenue through semester fees (6,000 Taka per semester), course fees (6,000 Taka per 3-credit course), and project paper fees. Students also pay admission fees, application fees, and computer lab fees.
2. Certificate and Short Course Fees: Short-term certificate courses ranging from 500 to 25,000 Taka depending on duration and complexity. Courses include Financial Modeling (BDT 25,000), Technical Analysis (BDT 1,000), and specialized programs.
3. Certification Program Fees: FMVE certification program with registration fee (3,000 Taka), Level 1 coaching and examination (10,000 Taka), Level 2 coaching and examination (10,000 Taka), certificate fee (2,000 Taka), and renewal fees (5,000 Taka per renewal).
4. Government Funding: Since FY 2009-10, the Government of Bangladesh has been continuously financing BICM for infrastructural facilities and operational expenses.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels7 records

Core offering

Bangladesh Institute of Capital Markets (BICM) is a government-owned educational institute offering degree programs (MAFCM affiliated with University of Dhaka), post-graduate diplomas (PGDCM), professional certifications (FMVE), certificate courses, and free investor education programs focused on capital markets, applied finance, financial modeling, valuation, and technical analysis. It also conducts research seminars, publishes the Journal of Financial Markets and Governance, and runs conferences for market professionals and academics.

Product overview

Bangladesh Institute of Capital Markets (BICM) is an educational institution offering a portfolio of academic degree programs, professional certifications, and research services in capital markets. The core offerings include the Master of Applied Finance and Capital Market (MAFCM) degree, Post Graduate Diploma in Capital Market (PGDCM), Investors' Education Program (IEP), and Financial Modeling and Valuation Expert (FMVE) Certification. The institution also provides various certificate courses covering technical analysis, financial analytics, corporate governance, and fintech topics. Research activities are supported through the Journal of Financial Markets and Governance (JFMG), Research Seminar Series, and BICM Research Grant program. The institute operates from a 29,827 sqft campus equipped with modern ICT facilities, computer labs, and an extensive library of over 12,000 books.

Differentiator

Problem solved

Functional benefit

Brands

• MAFCM (Master of Applied Finance and Capital Market): A 2-year (4 semesters) postgraduate degree program of 51 credit hours affiliated with University of Dhaka
• PGDCM (Post Graduate Diploma in Capital Market)
• BICM Journal / Journal of Financial Markets and Governance (JFMG)
• ICSFI (International Conference on Sustainable Finance and Investment)

Products and services

• Master of Applied Finance and Capital Market (MAFCM) A 2-year (4 semesters) postgraduate degree program consisting of 51 credit hours covering foundation, core, and elective courses in applied finance and capital markets, affiliated with University of Dhaka. Designed for graduates seeking specialized finance and capital market education.
• Post Graduate Diploma in Capital Market (PGDCM) Flagship postgraduate diploma program in capital market launched for existing professionals and aspiring individuals in the capital market field.
• Financial Modeling and Valuation Expert (FMVE) Certification Professional certification program delivered through Microsoft Excel featuring 2 levels, 12 modules, and 108 hours of learning. Designed for financial analytics skills required in the financial services industry, useful for Research Analyst license from BSEC.
• Certificate Courses Various certificate courses of different durations covering areas including Securities Laws, Corporate Governance, Financial Statements Analysis, Technical Analysis, Portfolio Management, Equity Valuation, FinTech, Financial Analytics, Data Science, and more.
• Investors' Education Program (IEP) Free investor education program conducted by BICM to increase awareness of general investors, having trained approximately 15,000 existing and potential investors on basics of capital market investment.
• Certification Program Professional certification programs including Mutual Fund Selling Agent certification and FMVE certification to facilitate skill development and licensing requirements in the capital market.

Quantifiable outcome

• 15,000 existing and potential investors trained through free Investors' Education Program
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• University of Dhaka (Faculty of Business Studies)coreStrategic or Co-development Partner · 1 July 2021BICM's Master's program (MAFCM) is affiliated with the Faculty of Business Studies, University of Dhaka. This partnership provides academic credibility and enables students to receive University of Dhaka degrees. Students pay additional fees to University of Dhaka for registration, examination, and convocation.
• Bangladesh Securities and Exchange Commission (BSEC)coreStrategic or Co-development PartnerBSEC provides regulatory oversight and policy direction for BICM. The Chairman of BSEC serves as Chairman of BICM's Board of Directors, ensuring alignment between the institute's activities and regulatory priorities.
• Chittagong Stock ExchangeminorStrategic or Co-development PartnerThe idea for establishing BICM was first mooted by Chittagong Stock Exchange, initiating the process that led to the institute's formation.
• Journal of Financial Markets and GovernancecoreStrategic or Co-development PartnerBICM publishes the Journal of Financial Markets and Governance (JFMG), an internationally recognized academic journal facilitating scholarly knowledge exchange between academics, industry stakeholders, and regulators in finance, accounting, and governance studies.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• National Institute of Securities Markets (NISM): Government-backed institute under SEBI in India providing securities market education, professional certification, and research — the closest structural analogue to BICM in a neighboring market with a deeper capital market.

Broad incumbents

• CFA Institute: Global issuer of the CFA designation and investment education content; competes for the same pool of Bangladeshi capital market professionals and shapes the credentialing standards BICM's programs must position against.
• Global Association of Risk Professionals (GARP): Global certification body (FRM, SCR) for risk and financial professionals; competes with BICM's professional training for risk, analytics, and finance practitioner audiences in Bangladesh.

Others

• International Capital Market Association (ICMA): Industry association for capital markets participants that develops standards and training for debt and fixed-income markets; an adjacent ecosystem participant relevant to BICM's Fixed Income Securities and Debt Capital Markets curriculum.

Regional players

• Bangladesh Institute of Management (BIM): Domestic management training and professional development institute in Bangladesh; competes for the same corporate training budgets and professional learner base that BICM targets with its certificate programs.
• Institute of Chartered Accountants of Bangladesh (ICAB): Professional certification body for chartered accountants in Bangladesh; a peer in the domestic professional certification landscape that competes for the same graduate pipeline and corporate training demand.
• Institute of Cost and Management Accountants of Bangladesh (ICMAB): Professional institute for cost and management accountants in Bangladesh; comparable in mission and audience to BICM as a domestic professional credentialing and training organization.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xmobile.twitter.com/BicmBicmbd
• YouTubeyoutube.com/bicm
• Facebookfacebook.com/bicm.ac.bd

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bangladesh Institute of Capital Markets