Banking, Finance & Insurance

There are relevant entrance exam scores like that of CAT, XAT, MAT, etc. that are needed for admission to Wealth Management courses at the PG level, like an MBA in Banking and Wealth Management. Most of the colleges offer full-fledged degree courses in wealth management at the PG level. For UG courses also, some top colleges may require entrance exam scores, and others might give admission on the basis of Class 12 board exam marks.

The Wealth Management course duration differs on the basis of the course level, type and the college offering the program. For UG courses like BCom, the general duration is 3 years, while for PG courses like MBA and MCom, the duration is 2 years. You can also go for UG and PG Diploma programs, which usually last 6 months to 2 years, depending on the programme structure and institution.

Specialized certification programs of a few months to 1-year duration are also good options for students looking for short-term course options. Further, a PhD degree with a focus on wealth management principles takes around 3 to 5 years to complete.

Wealth Management courses basically teach you about the fundamental principles and practical skills to come up with financial roadmaps for high net-worth clients, assisting them with services like investment management, tax planning, financial planning and risk management. All of this is important to help them safeguard, grow, and transfer their financial assets to meet long-term goals.

Candidates should know that salary can be different according to location, job and company. 

Avg salary - INR 6 - 10 LPA 

fresher - INR 4 - 6 LPA

with experience - INR 10 LPA +

Of course yes. FPSB India makes sure to keep CFP syllabus updated as per evolving financial landscape and industry trends of country along with keeping in mind growing middle class population demands. Specialised courses in CFP coursework are only to enhance learning and knowledge of future CFP professionals.

The CFP course syllabus is spread across 6 core modules based on the important concepts of financial planning, insurance concepts, tax and estate planning, retirement planning and employee benefits, and integrated financial planning case studies. All of these comprehensive modules serve as the capstone for a thorough knowledge and expertise in financial planning and wealth management.

Yes. The CFP exam is MCQ-based with 50 questions (25 based on case studies and 25 on individual financial planning topics), with no negative marking. The CFP exam is 3 hours long and is computer-based. You can take it either on the Mettle platform or via NSE exam centers. You can also make use of the financial spreadsheets and calculator, given the previous data has been erased.