Wealth Management: Fees, Admission 2023, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Updated on Oct 10, 2023 05:40 IST
Radhika Sharma

Radhika SharmaAssociate Senior Executive

Wealth Management course helps in acquiring knowledge, skills, morals and mindset which are necessary to perform responsibly and ethically in a financial firm. One of the important reflections of the economy is its financial system. Today, in the Banking, Finance and Insurance sector, wealth management has become one of the highly compensated and respectable occupations in India. Financial advisors or wealth managers have emerged to be the experts who are working as professionals, entrepreneurs or other investment advisory firms. To enable such expertise, a wealth management course in India helps in attaining knowledge, skills, morals and mindset which are necessary to perform responsibly and ethically in a financial firm. The course helps the candidates in acquiring the concepts, essential terms, principles and theories of wealth management. Read this complete article to know the eligibility criteria, courses, colleges and career prospects of the Wealth Management Course.   

Also Read:

Certificate in Wealth Management Highlights

Scroll down to the highlights to know more details about the Wealth Management courses including eligibility criteria, syllabus, top colleges, career prospects, salary, and more.

Wealth Management Highlights
Course Level Certificate, UG Diploma, PG Diploma, UG, PG
Mode of Study

Offline, online

Full-time, part-time

Course Duration

Certificate: 6 months- 1 year

UG Diploma/PG Diploma: 1 year

UG: 3 years

PG: 2 years

Eligibility

Certificate: Class 12 or Graduation

UG Diploma: Class 12

PG Diploma: Graduation

PG: Graduation

Admission process

Merit-based / Entrance-based

Course Fees

10 K- 50 K

Top Colleges EduKart. ComICAI, BSE Institute LimitedCRISIL Ltd
Average Salary 3-7 LPA
Top Recruiters

Kotak Mahindra Bank, HSBC Electronic Data Processing India Pvt. Ltd., Reliance ADAG, Barclays Bank PLC, Bajaj Capital Ltd.

Top Entrance Exams

CMAT, MAT, XAT

Job Positions Portfolio Manager, Financial Analyst, Financial Advisor, Wealth Manager, Relationship Manager

Also Read:Top Colleges offering Certificate in Wealth Management

All About Wealth Management

Wealth Management is a broad financial planning and investment advice service that assists people and families in growing, preserving, and managing their money. It consists of a variety of financial services, techniques, and tools targeted at improving an individual's or family's financial condition and accomplishing financial goals. Wealth managers start by evaluating a client's existing financial condition, which includes income, expenses, assets, liabilities, and ambitions. They develop a personalized financial plan outlining short- and long-term financial goals such as retirement planning, education funding, estate preparation, and tax optimization.

Why pursue Wealth Management?

Assessing and managing various financial risks is part of wealth management. money managers use techniques such as insurance and asset allocation to help customers protect their money against market volatility, inflation, longevity risk (outliving savings), and unforeseen catastrophes.Estate planning is an essential component of asset management. It ensures that an individual's assets are transferred in accordance with their desires at death, while reducing taxes and administrative expenditures.Wealth managers support clients in retirement planning by evaluating future income needs, selecting appropriate retirement accounts, and designing strategies to meet retirement objectives.

Also Read:Top Colleges offering Certificate in Wealth Management

Who can pursue Wealth Management?

Individuals and families with a specific degree of wealth and financial assets to manage are often eligible for wealth management services. Individuals with a high net worth have significant financial holdings, generally exceeding a million dollars in liquid assets. They frequently seek wealth management services to assist them in growing and preserving their fortune.Individuals or families with big assets may have significant retirement funds, real estate holdings, or investment portfolios. They may seek wealth management to improve the efficiency of their financial strategy.Successful entrepreneurs and business owners frequently require wealth management to diversify their assets, plan for business succession, and manage the earnings from the sale of their businesses.

Wealth Management Course Eligibility Criteria 

Candidates must fulfill the prescribed eligibility criteria before taking admission  

Eligibility Criteria for Wealth Management Courses

Diploma   

  • Candidates who passed the 10th class/equivalent from any recognized institute/board are eligible to apply.

UG 

  • Candidates can obtain admission to the UG diploma on a merit basis. For instance, the Colleges of Delhi University grants admission to candidates on the basis of cutoff. The cutoff list is prepared on the basis of the candidate’s score in the 12th boards.   

PG 

  • Candidates must have completed BCom/BBA/BBS/BA in Economics in any one of the subjects with a minimum of 60% in aggregate to qualify for the admission process.  
  • Candidate must have completed Bachelor’s degree or equivalent with a minimum of 50% marks in aggregate in any discipline.*  
  • Candidate must have obtained valid score in national/state level entrance exams- CAT/ GMAT/ CMAT/ ATMA/ MAT/ XAT/ IMI test score. *  

*Candidates must note that the eligibility criteria may vary from institute to institute. Individuals must check the official website of the college/university they desire to take admission in. Colleges like IMI, ISB, IIMP accepts CAT/GMAT/MAT/XAT score for admission. While some institutes grant direct admission on a merit basis.

Also Read: Forex Management 

Wealth Management Entrance Exams

Some of the common entrance tests that allow admission to students in Wealth Management courses are: 

Entrance Exams Exam Dates Exam Schedule

NMAT 

10 Oct '23 - 19 Dec '23

NMAT Schedule 

SNAP

10 Dec '23 - 10 Jan '24 

SNAP Schedule

XAT

7 Jan '24

XAT Schedule

MAT

Sep '24 (Tentative)

MAT Schedule

CAT

Nov '24 (Tentative)

CAT Schedule

 

Also Read: List of all MBA entrance exams

Wealth Management Syllabus 

Candidates can check the syllabus for wealth management courses at different levels in the table below.  

Wealth MAnagement Syllabus
UG Diploma in Wealth Management
  • Environmental Science 
  • Financial Accounting 
  • Managerial Economics 
  • Statistics for Business Decision 
  • Cost and Management Accounting 
  • Income Tax 
  • Corporate Finance 
  • Financial Markets and Institutions 
  • Macro Economics 
  • Quantitative Techniques 
  • Financial Econometrics 
  • Investment Analysis and Portfolio Management 
  • Financial Derivatives 
PG Diploma in Wealth Management
  • Bank Management 
  • Financial Reporting & Analysis 
  • Financial Institutions & Financial Markets  
  • Financial Management 
  • Fintech 
  • Financial Derivatives 
  • Investment Management 
  • Financial Services 
  • Management of Financial Services 
  • Risk Management 
  • Funds Management in Banking and Insurance Sectors 
  • Securities Market Operations 
  • Operations Research 
  • Managerial Accounting 
  • Financial Decision Making

Top Colleges for Wealth Management

Around 43 colleges offer courses in Wealth Management in various levels such as UG Certificae, PG Certificate, MBA, PG Diploma and Diploma after 10th. It includes various private colleges and a handful of government colleges. The institutes mentioned in the table are listed alphabetically and not in any order of ranking hierarchyHere are some of the Wealth Management colleges in India:

Institute Total Course Fees in INR
BSE Institute 22 K
Chinmaya Vishwa Vidyapeeth 1.8 lakh
Chitkara Business School 6.6 lakh
IMS Proschool 50 K
MIT School of Distance Education 27 K
National Stock Exchange 1.7- 1.9 lakh
PP Savani University 1.5- 1.9 lakh
RV University 5.4 lakh
Swami Vivekanand Subharti University 93.5 K
UPES 9.8 lakh

Also Read: Top Wealth Management Colleges in India

Wealth Management Career, Scope and Top Job Profiles

Specific tasks and responsibilities may differ based on the employer and the clientele served. Successful wealth management professionals often have good interpersonal skills, financial acumen, and a dedication to assisting customers in achieving their financial objectives. The popular job profiles are:

Job Role 

Job Description 

Average CTC (per year)

Product Manager 

Product managers oversee the product line budgets and make important financial decisions. They report on their performance to the product director of the organisation. They can also develop training materials, and sales strategies, and develop effective product plans in order to increase overall sales. They cooperate with other departments in their organisation to achieve common company objectives. 

 

INR 13 lakh

 

Relationship Manager 

Relationship managers are responsible for the acquisition of commercial banking clients and maintaining relationships with existing clients. 

INR 4 lakh

Portfolio Manager 

A portfolio Manager is a financial professional who is responsible for investing money. They also handle the products like mutual funds. The portfolio manager has massive experience in assets management and investment. 

INR 10 lakh

Equity Analyst 

Equity analysts manage the upside/down price targets with the portfolio manager. Equity Analysts perform technical analysis, volume trends, short interests, liquidity analysis, and so forth.  

INR 4 lakh

Independent Financial Advisor 

Financial advisors work with individual or institutional clients to assess their financial needs or help such as choosing investments, setting short-term or long terms goals and so forth. 

INR 4 lakh

*Salary data in the table above has been obtained from Payscale.com 

Wealth Management Top Recruiters 

Some of the top recruiters for candidates having obtained wealth management degree/certification at low, mid or high level are mentioned below: 

Wealth Management Top Recruiters
Barclays Bank PLC  Bajaj Capital Ltd.
HSBC Electronic Data Processing India Pvt. Ltd.  Reliance ADAG 
Kotak Mahindra Bank  Mercer LLC 
ICICI Securities Limited  UBS 
Bank of America Corporation  Envestnet 

Read More:

FAQs on Wealth Management Course

Q. How do I become a Wealth Manager?

A. Candidates can become wealth manager after completing the course at a certain level. Candidates must possess the desired skillsets to attain the position of Wealth Manager. Begin by earning a bachelor's degree in a suitable discipline such as finance, economics, business, accounting, or a related field. While a bachelor's degree is required, many wealth managers additionally have postgraduate degrees (e.g., master's in finance or MBA) to supplement their credentials.Financial entry-level professions such as financial analyst, investment analyst, or financial advisor assistant can provide important experience. To obtain exposure to the industry, try to intern or secure a part-time position with a financial counseling firm or wealth management firm.

Q. What is the eligibility criteria to pursue the wealth management course at UG level?

Ans. To pursue the wealth management course at the UG level, Candidates must have obtained a minimum of 55% marks in aggregate. On the basis of the candidate’s score in 10+2 education, admission will be granted on merit basis. Some UG wealth management programs may prefer or require appropriate job experience or internships in finance-related industries from applicants. This is increasingly typical in specialized programs.

Q. What is the eligibility criteria to pursue the wealth management course at PG level?

Ans. To pursue the wealth management course at PG level candidates must have completed the graduation from recognised university with a minimum of 60% marks in aggregate. Aspirants must obtain a valid score in any of the national level entrance exams CAT/NMAT/MAT/GMAT for admission to PG course. The duration of the wealth management course varies at different levels. The duration of the UG course is three years, PG/Diploma course is 2 years and for certification course it varies from 12 months to 18 months.  

Q: Is Wealth Management a good career in India?

A. The majority of India's population is financially illiterate. People in India will need the services of a wealth manager to secure their finances as the population grows and the economy becomes more unpredictable. India's growing population of high-net-worth individuals and families is increasing demand for wealth management services. As the economy increases, so does the demand for specialists who can help people manage and grow their money. As a result, a profession in wealth management could be one of the most rewarding in the coming decade and beyond.

Q. What are the benefits of holding a Wealth Management certification?

A. Credentials in Wealth Management frequently address regulatory and compliance concerns, which are crucial in this highly regulated industry. This information will help you navigate the legal landscape and stay in compliance with all applicable rules and regulations. Clients regularly seek professionals with certain knowledge and credentials. A certification assures clients that you have the knowledge and competence needed to manage their wealth and help them achieve their financial goals. Many financial institutions and asset management firms prefer or require appropriate certificates for their counselors and managers. Earning a certification can lead to more professional opportunities, promotions, and higher pay.

Q: What is the salary of a Certified Wealth Manager?

A. Annual compensation for persons just starting out in wealth management may range between INR 3 and 6 lakh. Individuals with little or no experience, as well as fresh graduates, are regularly included.With a few years of experience and a growing client base, mid-level wealth managers can earn incomes ranging from INR 6- 15 lakh per year. The actual amount is dependent by factors such as area and firm size.Wealth managers with substantial experience and a well-established client portfolio can fetch significantly higher fees. Experienced specialists in this field might make INR 15 - 30 lakh rupees or more per year.

Popular Wealth Management Colleges in India

Following are the most popular Wealth Management Colleges in India. Learn more about these Wealth Management colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
24.2 L
24 LPA
1.54 L - 4.28 L
2.4 - 4.1 LPA
Ranked #3 Private University in India. Placement with Fortune 500 Companies
4 Courses
540 - 27.5 K
8.62 LPA
3.2 L - 10 L
3.75 - 7.25 LPA

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
2 L - 13.72 L
10.5 LPA
4 Courses
1.01 L - 14 L
9 - 11.59 LPA

Popular Private Wealth Management Colleges in India

8.55 L - 9.1 L
4.35 - 6 LPA

Banking, Finance & Insurance Applications open. Apply Now

1.8 L
1.2 L - 3 L
2 Courses
3.9 L - 4.83 L
2.3 - 2.76 LPA

Banking, Finance & Insurance Applications open. Apply Now

11 Courses
3.2 L - 10 L
3.75 - 7.25 LPA

Banking, Finance & Insurance Applications open. Apply Now

6 L - 6.5 L
4.7

Banking, Finance & Insurance Applications open. Apply Now

Popular Wealth Management UG Courses

Following are the most popular Wealth Management UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Wealth Management PG Courses

Following are the most popular Wealth Management PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Exams

Following are the top exams for Wealth Management. Students interested in pursuing a career on Wealth Management, generally take these important exams.You can also download the exam guide to get more insights.

17 Jul ' 24

CFA 2024 Level III August Rescheduling Deadline

21 Jul ' 24

CFA 2024 Level I August Rescheduling Deadline

11 Jun ' 24

AMU BA LLB Answer Key 2024

To Be Notified:

AMU Entrance Exam 2024 Date

Jul '24

LUACMAT 2024 Result Declaration

TENTATIVE

Jul '24

Download LUACMAT Admit Card

TENTATIVE

13 Jul ' 24 - 18 Jul ' 24

URAT PG 2024 Phase II Application

13 Jul ' 24 - 22 Jul ' 24

URAT PG 2024 Document Submission for Admission

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Answered 18 hours ago

After completing MBA banking and wealth management from ILAM jaipur you can explore career opportunities like investment banking, risk management, Market Analyst, Sales Officer, Sales Manager, etc., in numerous private or government organizations.

S

Siya Nama

Beginner-Level 4

Answered 2 days ago

Sushant University in Gurgaon offers a Haryana Domicile Fee Concession Scholarship for MBA students who are domicile of Haryana. The scholarship is awarded based on merit and financial need, with 5% of students receiving a 100% fee waiver, 10% getting a 50% waiver, and another 10% getting a 25% wai

...more

P

Parasa Snigdha

Contributor-Level 10

Answered 2 days ago

ILAM India offers an MBA in Aviation Management, a 2-year full-time programme that prepares students for managerial roles in the aviation industry. The curriculum covers subjects like Airline & Airport Management, Aviation Safety & Security Management, Airline Economics, and Airport Operations. ILAM

...more

P

Parasa Snigdha

Contributor-Level 10

Answered 2 days ago

To be eligible for an MBA in Banking & Wealth Management, you typically need:

•A bachelor's degree (graduation) in any stream from a recognised university, with a minimum of 50% marks

•Commerce background is preferred but not mandatory

•No backlogs

•Some programs may offer a 5% relaxation in the minimum

...more

P

Parasa Snigdha

Contributor-Level 10

Answered 4 days ago

A CAT score of 95 percentile is generally considered quite competitive and should typically meet or exceed the cutoff requirements for admission to most MBA programs, including MBA in Banking and Wealth Management at ILAM Dehradun. However, admission criteria can vary each year based on the number o

...more

H

Harsh Singh

Contributor-Level 7

Answered 4 days ago

To get detailed and accurate information about placements for MBA in Banking and Wealth Management at ILAM Dehradun, it's best to directly contact their placement cell or admissions office. They can provide insights into the following aspects:

  1. Placement Records: Information about the companies that v

...more

H

Harsh Singh

Contributor-Level 7

Answered 4 days ago

The eligibility criteria for admission to MBA in Banking and Wealth Management at ILAM Dehradun typically include the following:

  1. Educational Qualification: Candidates must have completed a bachelor's degree (minimum three years duration) from a recognised university or institution.

  2. Minimum Marks: A mi

...more

H

Harsh Singh

Contributor-Level 7

Answered 4 days ago

The cost of pursuing an MBA in Banking and Wealth Management at ILAM Dehradun can vary depending on several factors, including tuition fees, accommodation costs (if applicable), and other expenses. Generally, specialised MBA programs in fields like banking and wealth management may involve higher tu

...more

H

Harsh Singh

Contributor-Level 7

Answered 4 days ago

Yes, typically, you can join ILAM Dehradun for an MBA in Banking and Wealth Management without needing to have appeared for CAT (Common Admission Test). Some institutes may have their own entrance exams or may consider other management entrance tests like MAT (Management Aptitude Test), XAT (Xavier

...more

H

Harsh Singh

Contributor-Level 7

Answered a week ago

There is no cutoff mentioned but the student should get more than 50% marks in 12th class then there will be an business attitude test Or screening round after that there will be a personal interview and then only you will get the selection latter. 

F

Fazil javid dar

Beginner-Level 3