Brief account on CFP Certification
Finance sector is pretty fascinating as it is one among those that can offer some really lucrative career options. If an individual is well qualified and certified in finance sectors from better educational institute, then, s/he is known to find some really good placements in diverse top notch companies. Therefore several courses of finance are being designed and developed in various universities in order to cater to the demanding needs in the finance sector. CFP certification is one among the most valued certifications given to an individual in finance sectors. Here is some detailed information about a CFP certified financial planner.
About the certification:
An individual willing to gain expertise in financial planning can enroll one self to CFP certification program, which is supported with various modules. CFP certified financial planner is a designation given to the individual in areas of finance after successful completion of the exam. This internationally accepted financial planning certification is provided to the students by Financial Planning Standards Board (FPSB), a non profit association in India. It is valued throughout the global financial community and so includes great career prospects.
The qualification of Certified Financial Planner can help an individual to have a perfect approach towards various aspects in the field of finance like the Risk management analysis, investment and tax planning, estate planning and employee benefits along with insurance and retirement planning that are required for understanding and attaining the proper ideas on finances of the organization. Apart from the systemic and conceptual understanding of finances, one can also enjoy a better future in more than 24 nations.
The pathway to get certified:
In order to get started, a candidate needs to choose one among the two pathways namely the regular and challenge status, which is based on the educational qualifications and so differ in the minimum eligibility criterion. They in general include the following for regular as well as challenge status pathways.
A regular CFP requires an individual to possess SSC/ matriculation degree at the time of course module enrollment. S/he must clear all the four modules existing in the examination patterns in order to attain a degree. On the other hand, an individual willing to take up a challenge status pathway must be a charted accountant a post graduate, a M Phil or a PHD scholar or even the one at intermediate level with qualifications like CFA, ICWA, CAIIB, CS and more. But any candidate willing to take up the challenge status in order to get the certification done should clear 5 test modules even before getting qualified.
After enrolling for the certification program, a candidate should prepare hard either by self or by joining in any institution and get ready to appear for the 5 modules of tests. Of these the first four tests can be written in any sequence but to appear for the 5th and the final exam, one should clear all the previous four tests.
Upon successful completion of these tests, the candidate will be given a designation called a certified financial planner valid for a year and must be renewed upon expiry. The article contains information about the need for CFP and the pathways that can be followed to achieve it.
About the certification:
An individual willing to gain expertise in financial planning can enroll one self to CFP certification program, which is supported with various modules. CFP certified financial planner is a designation given to the individual in areas of finance after successful completion of the exam. This internationally accepted financial planning certification is provided to the students by Financial Planning Standards Board (FPSB), a non profit association in India. It is valued throughout the global financial community and so includes great career prospects.
The qualification of Certified Financial Planner can help an individual to have a perfect approach towards various aspects in the field of finance like the Risk management analysis, investment and tax planning, estate planning and employee benefits along with insurance and retirement planning that are required for understanding and attaining the proper ideas on finances of the organization. Apart from the systemic and conceptual understanding of finances, one can also enjoy a better future in more than 24 nations.
The pathway to get certified:
In order to get started, a candidate needs to choose one among the two pathways namely the regular and challenge status, which is based on the educational qualifications and so differ in the minimum eligibility criterion. They in general include the following for regular as well as challenge status pathways.
A regular CFP requires an individual to possess SSC/ matriculation degree at the time of course module enrollment. S/he must clear all the four modules existing in the examination patterns in order to attain a degree. On the other hand, an individual willing to take up a challenge status pathway must be a charted accountant a post graduate, a M Phil or a PHD scholar or even the one at intermediate level with qualifications like CFA, ICWA, CAIIB, CS and more. But any candidate willing to take up the challenge status in order to get the certification done should clear 5 test modules even before getting qualified.
After enrolling for the certification program, a candidate should prepare hard either by self or by joining in any institution and get ready to appear for the 5 modules of tests. Of these the first four tests can be written in any sequence but to appear for the 5th and the final exam, one should clear all the previous four tests.
Upon successful completion of these tests, the candidate will be given a designation called a certified financial planner valid for a year and must be renewed upon expiry. The article contains information about the need for CFP and the pathways that can be followed to achieve it.