CERTIFIED FINANCIAL PLANNER
Financial planners engage in a broad spectrum of financial activities, including managing investments, handling deposits, facilitating tax payments, overseeing various financial transactions, and advising entrepreneurs and business owners on the best methods of transfer. This emerging discipline falls under the domain of wealth management and offers lucrative earning opportunities for individuals with a keen interest in the financial sector.
The field of financial planning is experiencing rapid growth worldwide, making it one of the fastest-growing professions. Financial planners play a crucial role in guiding individuals and organizations on effective money management strategies. They are sought after in various sectors, including mutual funds, commercial banks, portfolio management firms, tax consulting, insurance companies, and financial institutions.
While special qualifications are not a strict requirement for excelling in the field of financial planning, personal excellence is the key determinant of success. Nevertheless, pursuing an education in disciplines such as commerce, statistics, economics, or business can greatly enhance one's prospects for building a successful career in financial planning. Many universities offer a range of programs related to finance, including MBA, Post Graduate Management Diploma Courses, and Post Graduate Business Administration Diploma Courses with specializations in Finance.
Additionally, the Financial Planning Standards Board of India, located in Mumbai, provides a Certified Financial Planner (CFP) course. This comprehensive program covers various aspects such as investment planning, financial planning, retirement planning, tax planning, real estate, and advanced financial planning (Website: www.india.fpsb.org). While a basic qualification of plus two is required, you also have the option to pursue CFP alongside your undergraduate studies. An online course option is available as well, and three years of work experience with any financial institution is a prerequisite for becoming a financial planner or advisor.
For those interested in diploma courses, the International College of Financial Planning in New Delhi offers a P.G. in Financial Planning program (Website: www.icofp.org).
Another institution to consider is the IVentures Academy of Business and Finance, located in New Delhi. They offer a one-year postgraduate program, namely the PG Diploma in Financial Planning and Capital Market, which comes with a fee of Rs 2.8 lakh. For additional details, please visit their website at www.iabf.in.
Article By: Mujeebulla K.M
CIGI Career Team