COLLEGE CODE: SNT
SNGIST
AICTE KTU

CAREER (CFP)

Education Career

 

Where will a CFPCM find opportunity?

Private Banking Wealth Management Life Insurance
Tax Planning Investment Consultancy Financial Advisory Services
Fund Management Financial Products Designing General Insurance
Portfolio Management Financial Products Marketing Insurance Products
Mutual Fund Retirement Planning Estate Planning

CFP Path & Salary

Job Profile Qualification / Experience Level & Expected Pay (p.a)
Trainees and executives with wealth managers, banks & product distributors Pursuing CFPCM Certification Entry Level salary Rs 4.5 – 6 lakh
Sales Mangers, Relationship Mangers, Wealth Managers work experience financial expertise Pursuing CFPCM Certification Middle level salary Rs 7 – 10 lakh
Functional heads like retirement specialists, tax specialists and business/regional heads CFPCM with work exp. and other professional qualifications Senior Level Above Rs 11 lakh

DEMAND FOR CFP CERTIFICATION

. CFP Certification: Mandated by the Finance Industry and Regulatory Bodies.

An increasing number of multinational banks such as ICICI Bank, Standard Chartered Bank, American Express Bank and others have made it mandatory for their Relationship Managers to acquire the CFP certification in order to raise current service standards to optimum level. Regulatory bodies like SEBI, IRDA, PFRDA etc. are also gradually educating and encouraging consumers to consult CFPs for their financial needs. Along with this, Charter Members of FPSB India have resolved that they will give first preference to CFPCM Charters during recruitment

. CFP Certification: Demand from the consumers

With the spread of the internet, consumers now have access to a wealth of information about financial  products. As a result, the consumer is evolving with respect to understanding the benefits and working of these products and services. Unqualified advisors will find it difficult to handle such finance-savvy consumers. Only professionals with appropriate knowledge and skill credentials will be able to serve such customers satisfactorily i.e. Certified Financial Planners.