Careers in Finance without MBA: CFP
Editorial Team179|1Last Updated:04:35 pm, May 10, 2012
A Certified Financial Planner, or CFP, works with clients to solve money issues answer queries that people have regarding finances.
A CFP will make work with a client to set financial goals, come up with a strategy and ensures that goals are met through regular meetings.
How do I become a CFP?
It is not easy to become a CFP. Students can consider becoming a Certified Financial Planner after their Class 12. Students from any background can apply, but a strong aptitude for numbers is required.
Students will need to study towards a Certificate in Financial Planning. There is an exam at the end of this course that a student will need to pass to officially call themselves a CFP.
This course will enable you to develop financial plans for your clients.
What does a CFP do?
A CFP will help clients select investments and financial products. They also help plan for retirement, education and undertake analysis on investments.
What makes a successful CFP?
A good CFP will need to have an excellent customer base. CFPs will constantly need to expand their base by obtaining new clients through referrals from existing clients or by other means.
Where can CFPs work?
Most CFPs find employment in insurance and finance companies. Other employers include banks, brokers and investment firms. Self-employment is also an option.
You may also like to read Five qualities of a financial planner
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Comments:
The information provided is not fully correct.<br /> <br /> The examination is for each module and not at the end of the course. Total of 6 modules and examination is for 5 modules.<br /> <br /> Yes any student of any stream can apply after passing HSC. But it has been found that students struggle with the CFP course and the drop out rate is very high.<br /> <br /> Preferably Graduate students from commerce stream should enroll for CFP, apart from liking for numbers and maths advanced knowledge of MS Excel is required.<br /> <br /> The CFP course is more ideal for working individuals from the finance background.