Career Opportunities in Financial Planning

Advertisement




The period after economic reforms has witnessed an increasing contribution of service sector in GDP which has reached to more than 60% with an annualized growth rate of more than 10%. One of the necessary ingredients of inclusive growth is the demographic dividend (i.e. the employability to the young working population between age group of 15-59 years). With these strengths, the service sector is estimated to have the potential for creating 40 million jobs and generating additional $ 200 billion annual income by 2020. Among services, BFSI i.e. banking, financial services and insurance are more crucial because these are the sectors which are directly or indirectly related to the growth of other sectors. Planning the funds so generated requires skilled people in order to advise on more investible avenues and also the appreciation of the same. The importance of financial planning in this context becomes more relevant and hence the profession which in other way is a consultancy or advisory service in itself. Financial Planning is one of the fastest-growing professions across the world and with a huge demand-supply gap in India as the youngsters planning a career in Financial Planning have a bright future and can take advantage of many opportunities coming across in the financial services sector as discussed above.

Professional and academic courses available in Financial Planning

Financial Planning has varied dimensions as is relates to the planning of finance with individuals, companies, firms, stock broking entities, financial institutions, financial services providers and banks. Though there is no restriction of specific degree/diploma to become a financial planner, under graduate degree in commerce, statistics, economics, business or having business knowledge is desired. Most of the universities/institutions offer MBA/PGDM/PGDBA courses with specialization in finance will add value to the professionals. Some institutes have started certificate courses with focus on financial planning. More important is the acumen, attitude, business related knowledge including taxation, accounting and insurance which are essential to be a financial planner. Let’s have a look at some of the professional and academic programmes and courses in the space of financial planning:

List of programmes/courses related to financial planning

Programme/Course Nature Eligibility University/Institution
MBA/PGDM/ PGDBA with specialization in finance PG Degree Graduation with 50% and valid score in CAT/MAT/ Other screening Respective Universities / institution (central or state)
Chartered Account (CA) Professional (Accounting, taxation & auditing) Depending on entry level The Institute of Chartered Accountants of India (ICAI), New Delhi
Company Secretary (CS) -do- (Company Law) -do- The Institute of Company Secretaries of India New Delhi
Certified Financial Planner (CFP CM) Professional (Financial Planning Insurance, Retirement, Investments & Taxation) Financial Planning Standards Board (FPSB), India, Mumbai,Website: www.fpsbindia.org
Chartered Financial Analyst (CFA) Professional (Portfolio Management & Investment Analysis) Association for Investment Management & Research (AIMR)
PG Diploma in Financial Planning (PGDF) PG Diploma CAT/MAT Score or ICFP written International College of Financial Planning (ICFP), New Delhi

Source : Employment News

To prepare yourself visit : Current Affairs, General Knowledge, GK, Objective GK

RSS GK Current Affairs

  • Nobel Prize Winner
    Swedish inventor and businessman Alfred Nobel, at the time of his death on 10 December 1896, he had 355 patents worldwide – one of them was the patent on dynamite. Furthermore, he had started 87 compa
  • 2018 Nobel Awards Winners
    2018 Nobel Winners in Medicine The 2018 Nobel Prize in Physiology or Medicine has been jointly awarded to James P. Allison and Tasuku Honjo, by the Nobel committee of the Karolinska Institute. The tw
  • 2018 National Sports Awards
    National Sports Awards are given every year to recognize and reward excellence in sports. Rajiv Gandhi Khel Ratna Award is given for the spectacular and most outstanding performance in the field of sp
  • 2018 Asian Games Indian Medal Winners
    Asian Games 2018 Gold Medel WinnersAmit Panghal - Men's Boxing 49 kgPranab Shibhnath - BridgeJinson Johnson - Men’s 1500mSwapna Barman - Women's Heptathlon Arpinder Singh - Men's Triple JumpManjit Sin
  • 2018 Human Development Index (HDI)
    The Human Development Index (HDI) is a composite index focusing on three basic dimensions of human development: the ability to lead a long and healthy life, measured by life expectancy at birth; the a
  • Important Days
    Important Days in January January 1Army Medical Corps Establishment Day January 8African National Congress Foundation Day January 10World Laughter Day January 9Pravasi Bharatiya Divas January 11Death
  • First Chief Minister of Various States in India
    First Chief Minister of undivided Andhra Pradesh - Neelam Sanjiva Reddy First Chief Minister of Andhra Pradesh - N. Chandrababu Naidu (After separation of Telangana) First Chief Minister of Ar
  • Longest and Largest
    Longest river (India) - Ganges Longest river (World) - Nile Longest Railway(World) - Trans-Siberian railway Longest Railway Station (World) - Grand Central Terminal, Chicago (U.S.A.) The longest tribu
  • History of FIFA World Cup Football
    The World Cup football tournament is organised by theFederation Internationale de Football Association(FIFA)once in four years since 1930.It was on July 18,1930 that the first-ever World Cup match was
  • Bharat Ratna Award
    Bharat Ratna is the highest civilian honour, given for exceptional service towards advancement of Art, Literature and Science, Sports and in recognition of Public Service of the highest order.