CFP

The CFP salary in India on average is INR 6 LPA to INR 10 LPA which differs on the basis of the experience, skill set, qualifications, job type, recruiting sector and work location. As a fresher initially you can expect around INR 4 LPA to INR 6 LPA but with years of expertise in the field, your earning potential will also increase based on the value add you bring and can easily go up to INR 10 LPA and more.

Of more than 25 CFP colleges or training providers in India that offer you the best learning resources and training to clear the CFP certification exams in full time or distance mode, some of the best choices include the Institute of Professional Education and Research (Bhubaneswar), IMS Proschool (Chennai and Pune), ICOFP Mumbai, ICFL - ICICIdirect Centre For Financial Learning (Delhi), and the Financial Planning Academy.

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

Well, yes. It is mandatory for you to hold a graduate degree to get the CFP certification. You can surely enroll for the course after Class 12, but you need to fulfill the bachelor's degree requirement from a recognised university either before or after passing the CFP exam within a 5 year timeframe.

If you're applying through the CFP regular pathway, you should have passed Class 12 and cleared all the exam levels covering all six core modules. On the other hand, if you've decided to opt for the fast track route, it is important for you to hold a CFA/CPA/CA Intermediate/PG Degree from a UGC-Approved University/MBA/PhD and clear the CFP exam and the Financial Plan Assessment, excluding the 3 specialist course exams.

The CFP course duration is usually 6 months to 2 years, which differs on the basis of the chosen pathway, whether regular or fast-paced, and individual learning capabilities. If you're starting with the regular pathway, it will take you around 18 to 24 months to cover all the CFP coursework and clear relevant exams. On the other hand, if you're entering via the fast-track pathway, you can easily complete all the coursework and exams in 6 to 9 months.

CFP is a professional certification granted by the FPSB (Financial Planning Standards Board), not a degree. A graduation degree is a mandatory requirement for the CFP certification that allows you to act as a financial advisor and provide personalized financial planning services to individuals. According to the FPSB India's official website, there are around 3,215 CFP professionals in India as of now and around 2,30,648 globally.