CFP

CFP is a lucrative career option for those contemplating a career in financial planning. The international CFP certification is granted by the Financial Planning Standards Board of India (FPSB India) and recognised over 22 countries. It focuses on a variety of topics along the personal finance angle such as the time value of money, risk and insurance planning, retirement planning, estate planning, taxation planning, etc. They can work as consultants in banks, asset management companies or even set up their individual practice.
With growing number of investors in India, and common man taking more interest in financial planning, there is a high potential of growth for CFP professionals. Individuals need experts who can give them advice in wealth management, financial planning, asset management, etc. This is where CFPs can fill in the gap.

The material of all education providers are more or less the same. FPSB India does mention a set of reference books on their website and provides them at a cost. The pros being they are standard books and the bad part they are voluminous.
Though actual exam needs more of practise questions, you can follow two methods for preparation: (1)Read the books prescribed by FPSB India. Do the sample papers provided on the website.(2)Follow any Education Providers material and go through their study notes and workbooks.
But a word of caution out there. Make sure that the material which you purchase by any Education provider is updated. While it may remain for the same for all subjects, but Taxation planning study material definitely needs an update. Also, make ensure the workbooks are updated so that gives you better practise with fresher set of questions.

A certified financial planner (CFP) refers to the certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board's initial and ongoing certification requirements.
Scope:
You can get various jobs. Some prefer a job as a "Relationship Manager" with a marketing touch involved. Some get a job strictly as a "Financial Planner" who acts as a support staff for the marketing team. There are some who have ventured into mass media (esp. journalism) and there are some who have started their own practice. So Pratik, there is no dearth of opportunities for CFPs. You may pursue MBA as well, MBA & CFP gel well together.

CFP is the highest level of certification for a professional aiming to carve a niche in the financial industry and appreciated worldwide by professionals as well as consumers. The certificate has been awarded the Gold Standard Award by the Wall Street Journals, which speaks volume of its credibility.
The CFP candidates are remunerated with attractive salaries in industries such as investments, insurance, tax, retirement and real estate.
CMA is a globally recognized and accepted certification in the corporate world and is extremely relevant for a professional who wants to attain success in the business environment. The certified programs visibility is increasing and is a most preferred choice to boost career prospects by professionals not only from the US, but also China and the Middle East.
A CMA certified candidate is eligible for higher positions in the company. The relevancy of the certified courses can be determined by the structure of its course and the practical lessons it imparts. The CMA curriculum is designed specifically to mirror real world applications which are in practice in the financial and accounting sector. CMA designation holders are paid 30% more than their non-certified colleagues.