CFP Admission 2024: Exam Dates, Admission Process, Eligibility, Top Colleges

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.