There has been a huge debate going on the issue of CFP courses as well as MBA in finance. From the perspective of a students as well as recruiter; either of the both hold their corresponding pros and cons. although the time spent undergoing each accreditation is different the unavailability of information often poses serious confusions among the minds of the students. There have been numerous occasions when individuals looking to land a job for themselves end up undergoing the wrong course.
It is vital to understand that there is huge difference between CPF certification and CFA certification. While a Financial analyst main focus is to manage and analyze the financial outlook of the organization, a financial planner has a more decisive job or delivering turnkey solutions that range from planning to execution. There is a six step process involved in financial planning which delivers various guidelines before execution.
Currently the qualification of a planner involves a valid experience of three to five years. However it is dependent upon the project undertaken and work experience in a particular field. In the recent years there have been many colleges of finance that have started offering highly integrated financial courses. There have been many reports and survey in the past which clearly show the lack of professional in this field. In many reports it has been estimated that with the substantial growth in Indian economy there is a demand of over 50,000 CFP professional in the industry. However As of March 2014, there are less that 2000 certified financial planners which clearly paints the overall picture of the financial services industry. This not only makes this industry highly job oriented but also accounts for one of the most sought after certification. Most of the colleges offer highly integrated study programs which are sub categorized into different modules. These include:
- Introduction to Financial Planning
- Risk Analysis and Insurance Planning
- Retirement Planning & Employees Benefit
- Investment Planning
- Tax Planning and Estate Planning
- Advanced Financial Planning
Another point that is often raked up while talking about low number of CFP aspirants is the cloud of contention among the masses. This overall sector has often been seen has highly liquidated making it difficult to foresee the future propagations. But the fact of the matter is that with globalization coming to the forefront in this industry, undergoing MBA finance courses would surely lead to job offers right out of the college depending upon the capabilities of the students. The CFP certification have been rated as one of the best jobs US News and world report, 2012. Moreover the certifications offered by most of the colleges are recognized across 27 different countries that expands the job outlook of the person. The certifications are also supported and preferred by more than 48 large organizations of BFSI industry and are rated as a Gold standard by Wall Street Journal.
All of this has created an ecosystem for financial aspirants to have a much viable exposure to the industry. After undergoing these course students can opt for various financial sectors like banking, insurance, investments, mergers and acquisitions, as well as professional financial planners
