The course in CFP helps students in gaining a certification that is rated by the U.S. News and World Report, 2012 as "One of the best Jobs". The CFP certification is the most recognised financial planning certification at a global level. It is in high demand among various types of organisations. The CFP course makes students competent to offer strategic consulting services in the areas of taxation, insurance, retirement planning, investments, and even real estate requirements.
Who Can Benefit from the CFP Certification?
All students who have done graduation in the field of Commerce, Finance, Management Studies, Business Administration, Insurance, and Finance Management can greatly benefit in their professional career by gaining the CFP certification. In fact, those who are Chartered Accountants or MBAs also prefer to do this certification course. The certification programme can help any student who is seeking to make a strong career in the field of Finance and Wealth Management.
Those professionals who have been working in the finance and banking industry can be highly benefitted if they have completed the CFP course and gained a certification in financial planning. They can raise the chances of their promotion and even shift to a more promising job position after becoming a Certified Financial Planner. The certification is highly recognised and is rated by Wall Street Journal as Gold Standard.
Available Specialisations in CFP Programme
The CFP course comes with only one specialisation, which is financial planning and analysis. The specialisation offers an understanding of various aspects of financial planning and analysis, such as savings, taxation, financial advisory, risk analysis, investments, insurance, wealth and estate planning, etc. After completing the course of CFP, students turn into professionals who can help their clients in wise financial planning.
Job Prospects: The financial planning and analysis specialisation in the CFP course makes certified students capable of working with reputed banking and financial institutions. Most leading banks nationally and internationally hire CFPs. Students can also work in the areas of private banking, tax planning, fund management, portfolio management, and mutual funds advisory. CFPs can also start their own businesses or work with brokering companies, life insurance companies, and even education providers as instructors.
Further, those who have done the CFP course can join a financial, tax or wealth advisory consultancy.While CFP professionals, who are fresh graduates, can expect to join financial organisations at the entry level as trainees or executives, those who also have one to two years’ work experience can join at the middle level as relationship managers, financial planners, insurance advisors or wealth managers. Those CFPs who have more than three years of experience can expect to join at a senior position like business head, senior advisor or team leader, as well as gain an excellent pay package that may go above INR 8-10 lakhs.
Thus, students with a CFP certification have no dearth of jobs in their domain.A wide range of positions comes with flexible work hours at consulting firms or financial advisory firms. Prior work experience and higher qualification in a related area can raise the job prospects even further.