CFP Admission 2024 is done based on merit. There are no entrance exams conducted for admission in the CFP course in the learning institutes. However, to become a Certified Financial Planner, candidates must qualify for the CFP 2024 exam.
The CFP exam is conducted thrice a year across an 8-day testing window. The CFP Exams usually take place in March, July, and November.
The CFP course is a certification issued by the Financial Planning Standards Board of India. The certification is given to the candidate who completes the CFP course and passes the exam conducted by the FPSB. Candidates must have passed their 10+2 to be eligible for the CFP exam. All graduates, postgraduates, and working professionals are also eligible for the CFP exam.
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3.1 Eligibility
CFP Exam Dates 2024
Course | CFP |
Fees | INR 8600 + 18% GST |
Full Official Calendar | Download Here |
Official Website | Check Here |
Top CFP Institutes 2024
Name of the Institution | Mode of Study |
---|---|
IMS Preschool | Classroom, Live Online Classes, and Recorded sessions |
International College of Financial Planning - Delhi | Online classes and Recorded sessions |
International College of Financial Planning - Mumbai | Online classes and Recorded sessions |
International College of Financial Planning - Mysore | Online classes and Recorded sessions |
ICICI Direct Centre for Financial Planning | e-class |
International Institute of Research and Wealth Management (IIRWM) | Classroom, recorded sessions |
CFP Admission Process 2024
Under the new course, there is only one mode for everyone who applies i.e. the Regular pathway. Here are the processes for applying to CFP.
- Register with FPSB by filling ‘Students Registration Form’ and paying the registration fees.
- After document verification, FPSB activates the student’s account and NSE portal and sends confirmation of registration.
- After registration, the candidate can enroll in any institute or college given above to study the subjects that will come in the certification tests.
- Once the course is completed, the candidate can book a day as per the availability of seats in the exam center.
- You must keep in mind that, once the student's account is activated, it is valid for a year, after which you have to re-register yourself to take the test.
CFP Admission 2024: Eligibility Criteria
- Candidates must have completed their 10+2 to apply for the CFP Exam.
- All undergraduate, postgraduate, and working professionals are eligible to apply for the CFP Exam.
CFP Admission 2024: FAQs
Ques. Which is the easier option CFP or CA?
Ans. CFP is easy compared to CA. It can be completed within 1 year while you have to devote 3 - 5 years to become a CA. The course structure of CFP is also lighter than that of CA.
Ques. Is the CFP from India valid in another country?
Ans. Yes, CFP from FPSB is valid in 26 countries. However, in some countries, you might have to get an additional course on Taxation due to differences in rules in every country.
Ques. How much can a fresher earn with CFP in India?
Ans. The earnings for a fresher with CFP will heavily depend upon factors such as location, domain knowledge, and communication skills. Even without any additional qualification or experience, if he/she is appointed to a reputable firm, the pay should be anywhere between INR 10,000 - 30,000 per month.
Ques. Can a student do the CFP course alongside his/her graduation degree?
Ans. Yes, you can apply for CFP, a study using e-learning modules, and appear for the exam while you do your graduation, post-graduation, or any other degree after your plus 2. You can also do it while you are employed with a job to further grow your career prospects.
Ques. Is the CFP approved by SEBI and PFRDA?
Ans. FPSB, the organization that authorizes the CFP has no direct relationship with the Securities and Exchange Board of India (SEBI) or the Pension Fund Regulatory & Development Authority (PFRDA). However, SEBI & PFRDA recognize CFP as one of the credible education certifications in financial planning.
Ques. Is a Certified Financial Planner different from an Investment Advisor?
Ans. Yes, a CFP can work in different sectors of financial planning, for example - Retirement planning, tax planning, risk management, and investment planning, etc. Whereas an Investment advisor can give advice only regarding the investments the client has to make.
Ques. Is the CFP course worth doing before an MBA?
Ans. Yes, CFP is a great option to do before an MBA. If you have CFP then doing an MBA in Finance will add great value in your profession. Many finance companies prefer a person with a CFP along with an MBA in Finance.
Ques. Is the CFP course worth doing in the current situation of the economy?
Ans. Yes, it is worth it as the world economy is still struggling to pace up after the pandemic, and the firms in the large and medium-sized Finance and Investment sector are in need of new and innovative plans to set their course for the future. And they are looking out for creative people with a course like CFP to advise them in these volatile times.
Ques. Does a CFP certification help in career advancement if a person is already employed in the sector?
Ans. A CFP definitely helps in career advancement. According to global research done by FPSB, professionals with CFP have advanced more in their careers in the Finance sector than their peers without it. It is also very helpful to people who want to set up their own practice as independent financial planners.
Ques. Does working as an accountant for a local shop count as experience required for the AFP course?
Ans. Yes, it does count as experience but in the non-financial services option, it must be of at least 5 years and not 3 years which is required when you work in the financial service sector. But to do the course one does not need any experience at all. He/she can start with an educational partner and get the experience during or after the test.
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