CFP is an internationally accepted financial planning qualification. It is provided to those who qualify a CFP exam that is conducted by the Financial Planning Standards Board of India (FPSB). Qualified youth of the CFP is able to make a bright career because the CFP certificate provides work opportunity with MNCs, banks and other respected institutions. Working in challenging fields is offered to CFP holders such as insurance planning, retirement planning, employee benefits, tax planning, and estate planning. Today, CFP has more than 1 lakh qualified members working across the world. It is one of the most respected certifications for finance. If you wish to qualify CFP, here are some guidelines to follow.
A certain set of eligibility is must fulfill. There are two pathways to earn the certification—Regular and Challenge Status.
In Regular, a candidate must be registered under the CFP Regular Pathway and is must be SSC or 10thpass during the time of enrolment. It is necessary to qualify four examinations that NSE regulates through online:
- Risk Analysis & Insurance Planning
- Retirement Planning & Employee Benefits
- Investment Planning
- Tax & Estate Planning
Self-preparation or preparation through a well-recognized FPSB approved institute can be done. Students who enroll in MBA in Financial Planning, MBA in Financial Analysis or Postgraduate Diploma in Financial Planning can prepare themselves for CFP certification. These programs incorporate the curriculum of CFP. Pursuing any of these courses provide double benefits. It provides them a certificate for financial planning or financial analysis and at the same time, prepare students for Certified Financial Planner exam. Education experts believe that MBA in Financial Planning or Analysis is the best way to make you well-prepared to qualify CFP tests. The course patterns of these programs are designed looking at the curriculum of Certified Financial Planner exams. There is no special coaching required if students enroll any of these courses. It is a wise idea to go with these programs. These programs are best known as CFP courses.
Challenge Pathway needs qualification CA/intermediate level, ICWA, LLB, M.Phil and fellowship of life insurance. It depends on youth which pathway they are comfortable with. Minimum 2 months to a maximum 1.5 years can be taken to complete the Certified Financial Planner program. A CFP exam contains multiple choice questions. The exam has 4 papers which are necessary to qualify. The 5thpaper is allowed to be attempted to those candidates who qualify all 4 papers. Dedication and well-focused preparation are required to follow every youngster who wants to get the certification. Many Indian students have successfully qualified the program in one attempt. A well-focused preparation is required to follow to get success in Certified Financial Planner exams. Consult education consultants if you have any doubt related to the program. They may guide you after evaluating your skills and interest. They also help you to understand the pattern of the exam and h how to do the right preparation. Their guidance would be very helpful for you to crack CFP exams.
Join ICoFP(www.icofp.org) for MBA in Financial Planning or MBA in
Financial Analysis. These programs incorporate CFP certification curriculum which is helpful for you to qualify
CFP.
