Certified Financial Planner (CFP)

Introduction :

Certified Financial Planner (CFP) is a professional certification course for individuals who want to pursue a career in the financial planning and investment management industry. The course provides students with a comprehensive understanding of financial planning, investment management, and wealth management. In this blog, we will discuss the salary, scope, job profile, fee, and institutes offering CFP course in India.

Salary:

The salary of a CFP professional can vary depending on several factors, such as their experience, skills, and expertise. Typically, a fresher in this field can earn a starting salary of around Rs. 3-4 lakhs per annum. However, with experience and expertise, the salary can increase significantly. Senior professionals in this field can earn up to Rs. 20-25 lakhs per annum.

Scope:

The scope of the CFP course is vast, as it opens up several career opportunities in the financial planning and investment management industry. After completing this course, students can pursue careers as financial planners, investment advisors, wealth managers, portfolio managers, and other related fields. With the growing demand for financial planning and investment management services, the scope of this course is expected to increase in the future.

Job Profile:

The job profile of a CFP professional can vary depending on their area of interest and expertise. Some of the popular job roles in this field include:

1. Financial Planner
2. Investment Advisor
3. Wealth Manager
4. Portfolio Manager
5. Financial Analyst
6. Mutual Fund Manager
7. Insurance Advisor
8. Tax Consultant

Fee:

The fee for the CFP course varies depending on the institute and location. On average, the fee for this course ranges from Rs. 50,000 to Rs. 2 lakhs. However, students can also avail scholarships and financial aid to cover the cost of education.

Institutes:

Several institutes across India offer the CFP course. Some of the top institutes include:

1. Financial Planning Standards Board India (FPSB), Mumbai
2. ICICI Direct Centre for Financial Learning, Mumbai
3. NISM, Mumbai
4. Indian Institute of Banking and Finance (IIBF), Mumbai
5. BSE Institute Ltd., Mumbai
6. FLIP (Finance Learning and Investment Planning), Mumbai
7. National Institute of Securities Markets (NISM), Mumbai
8. Symbiosis Institute of Management Studies (SIMS), Pune

Conclusion:

CFP is a lucrative and rewarding career option for individuals interested in the financial planning and investment management industry. With a wide range of job opportunities and the potential for career growth, students can pursue a successful career in this field. However, it is essential to choose the right institute and gain practical experience through internships and other opportunities to succeed in this competitive industry.