An approach to the analysis and interpretation of the spectra of photoinduced circular dichroism (PICD) of semiconductor nanocrystals, in particular quantum dots, based on their comparison with the spectra of magnetic circular dichroism (MCD), is proposed. It was shown that the MCD and PICD spectra have similar features. The values of parameters similar to the known parameters A and B of the MCD spectra characterizing the splitting and mixing of states were determined from the PICD spectra.