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

  • History of Indian National Flag
    Every free nation of the world has its own flag. It is a symbol of a free country. The National Flag of India was designed by Pingali Venkayyaand and adopted in its present form during the meeting of
  • Maharatna Navratna and Miniratna Scheme
    Maharatna Scheme The Government introduced the Maharatna scheme in December 2009 with the objective to delegate enhanced powers to the Boards of identified large sizes of Navratna CPSEs to facilitate
  • Ishwar Chandra Vidyasagar
    Ishwar Chandra Vidyasagar, the great scholar, academician, and reformer born on 26th September 1820 in Birsingha Village of district Midnapor (now in Paschim Medinipur), West Bengal. His father Tha
  • History of Commonwealth Game
    History: Reverend Ashley Cooper was the first person to propose the idea of having a Pan-Britannic sporting contest to foster a spirit of goodwill and understanding within the British Empire. In 1928,
  • 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.
  • Famous Lakes and Rivers in India and World
    Lakes Lake Baikal (Russia) is the deepest lake in the world. One of the biggest and most ancient lakes of the world is situated nearly in the center of Asia in a huge stone bowl set 445 m above sea le
  • Famous Cities and River Banks in India and World
    CityCountryRiver AdelaideAustraliaTorrens AmsterdamNetherlandsAmsel AlexandriaEgyptNile AnkaraTurkeyKazil AllahabadIndiaAt the confluence of the Ganga and Yamuna AgraIndiaYamuna AyodhyaIndiaSaryu Ahm
  • Popular Names of Personalities
    Popular Name Personality Lady with the lamp Florence Nightingale Grand Old man Dadabhai Naoroji of India Iron Duke Duke of Wellington Guru Ji M. S. Golwalkar Jonn Bull England and the English peo
  • Career Scope in Print Media
    Print media are lightweight, portable, disposable publications printed on paper and circulated as physical copies in forms we call books, newspapers, magazines, and newsletters. They hold informative
  • National Sports Awards 2020
    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