Home » CFP Course: Full Form, Exam, Eligibility, Certification, Salary, Fee

CFP Course: Full Form, Exam, Eligibility, Certification, Salary, Fee

CFP Course: A Certified Financial Planner, or CFP, is a professional certification program that lasts between six months and two years. It is provided by the Financial Planning Accreditation Board and provides information on the subject of financial planning (FPSB).

The CFP Syllabus aids in the development of professionals with expertise in areas such as investment planning, financial consultation, banking, and so on. Financial planning, risk analysis, insurance planning, tax, and estate planning are only a few of the CFP topics.

The CFP exam is given three times a year, during eight-day testing sessions in March, July, and November. The cost of the CFP curriculum varies between INR 40,000 and INR 60,000. This certification programme is for people who wish to work as financial advisors and help people invest their finances. According to Payscale, the average compensation for a certified CFP is roughly INR 3,98,000.


CFP Course Overview:

DegreeCertificate
Full-FormCertified Financial Planner
DurationCourse Duration of Certified Financial Planner [CFP] is 1 Years.
AgeNo age limit
Minimum Percentage50% in Under Graduation
Subjects RequiredFinancial Planning, Understanding of Taxation and accounts, etc
Average Fees IncurredINR 50,000-1 LPA
Similar Options of StudyB.Com (Accounting and Finance), BA Accountancy, Chartered Accountant Certifications
Average Salary OfferedINR 4 LPA [Source: Payscale]
Employment RolesFinancial Advisor, Financial Planner, Investment planner, etc
Placement OpportunitiesICICI, Public service commission, Railways, etc

CFP Course: Eligibility Criteria

Applicants must meet the course’s eligibility requirements in order to enroll in a CFP course. Below, we’ve gone over it in great detail.

For your convenience, the regular pathway enrollment process is outlined below.

  • An NCFM number can be obtained via the NSE Academy’s online webpage.
  • Then, in order to become a member of the FPSB Ltd, one must complete the registration form.
  • It is necessary to pay the student application fee.
  • After verification, FPSB Ltd. activates the student on the NSE test portal.

Admission Process for the CFP Course

The curriculum and duration of CFP courses are provided on the college websites, where candidates can start the application process. Admissions registration is available in both online and offline formats.

For the online approach, students must go to the college website, log in with their information, fill out the application with their credentials, and pay the online registration fee. In the case of the offline approach, students must go to the university admissions office, pick up an application form, fill it out, and pay the registrations fee. Applicants must provide valid documentation for both methods in order for the verification process to take place.


What is the CFP Course about?

The Certified Financial Planner (CFP) professional qualification is generally recognized and approved around the world as the gold standard for financial planners. In a highly complicated advisory world, it will show you how to develop trust and assist customers.

The Financial Planning Certification will benefit you in the following ways.

  • It will teach you how to create a dependable and repeatable financial planning framework.
  • This enables each customer to give a pure financial planning proposal on a regular basis. It enables you to readily prove your judgments, lowering your risk of noncompliance.
  • It will boost client confidence, allowing them to attain their life objectives.
  • Customer interactions are improved, which leads to customer referrals.
  • It provides enhanced financial services employment prospects as well as increased job satisfaction.
  • It is a high-income-generating education that provides you with various career opportunities (individual or firm) and an excellent business reputation.

Who should pursue CFP Course?

  • Professionals might take this program as a supplement to their current job to improve their compensation.
  • This course is for people who want to work as financial advisors in the future.
  • Individuals interested in financial studies can pursue a CFP.
  • People are looking for a new job with the highest level of work satisfaction.
  • Because the CFP allows students to choose from various courses and majors, it provides them with a fantastic opportunity to pursue a career that they are passionate about.

What Would a CFP Professional Do?

Finance, planning, investment, real estate, stock market, and banking are all industries where CFP students find work. In addition to the abovementioned fields, alumni of the programme work in client relationship management, paraplanning, legal counsel, research associate, and cost control. The expanding spectrum of sectors offers a wide range of opportunities for professional growth, as all fields are interconnected.

How Can a CFP Help You Find a Lucrative Job?

In recent decades, personal finance and its related fields have grown in importance. The basic terms that determine a nation’s economic movements are now extensively embroidered with the concept of the economy. Studying a CFP course can pay off handsomely because the child creates their own set of personal skills as well as a thorough understanding of the subject.

Due to the diverse range of employment fields, the possibility for career progression in the financial planning industry is tremendously high. Risk management and investing are two themes that have emerged as a result of contemporary culture. Analyst, relationship management, client management, adviser, paraplanner, and research are all excellent avenues for career advancement. Candidates who have expertise in more than one area of concentration can forge their own route to success.


The enrollment for the CFP course is usually based on the candidate’s undergraduate degree examination results. Admission to some CFP Indian universities is dependent only on a candidate’s success on appropriate tests such as the CA Foundation Level, CA Intermediate Level, CS, and ICWA. Institutions use the admission exam process to ensure that the top applicants are chosen. The following are some of the most prominent relevant admission exams:

  • CA Level Entrance Exam
  • ICSI
  • ICWA CMA Exam
  • CAIIB Exam

Online CFP Course

The CFP Online programme offers students a solid choice for starting their own financial planning business, as it takes less time than a Master’s degree and allows them to study on their own schedule, without sacrificing their careers or personal lives.

CFP Online Financial Planning Certificate programmes use a syllabus that follows CFP standards to educate students for this course. Most people lack the knowledge and experience necessary to effectively establish their own long-term financial goals and needs, and many are unsure where to begin. Certified financial planners, on the other hand, may simplify the process of monetary planning for individuals and families, ensuring that they get the most out of their money in the long term.

The following are some of the most popular Online CFP Courses available on different platforms.

CourseProviderAverage Fees (INR)
Introduction to Financial Planning – CFP CertificationUdemyINR 3,200
Financial Planning CertificateImarticus LearningINR 58,000
CFP CertificationICICI Direct
Certified Financial Planner Challenge StatusApna courseINR 15,000
CFP Certification courseProschoolonlineINR 52,000

Best CFP Colleges in India

The CFP course is offered by a number of government and private organizations. The following are some of the best government and private universities for the CFP programme.

CFP Colleges: Top Government Colleges (CFP)

College NameCityAverage Annual Fees
Indian School of Business Management and AdministrationHyderabadINR 20,990
Indian School of Business Management and AdministrationPatnaINR 20,900
Indian School of Business Management and AdministrationNew DelhiINR 25,900

CFP Colleges: Top Private Colleges

College NameCityAverage Annual Fees
IMS ProSchool PunePuneINR 30,000
ICICIdirect Centre for Financial Learning (ICFL)KolkataINR 30,000
ICOFP Delhi – International College of Financial PlanningNew DelhiINR 35,000
ICOFP Mumbai – International College of Financial PlanningMumbaiINR 37,500
ICFL – Icicidirect Centre For Financial LearningPuneINR 37,500

CFP Course: Skills Required

To pursue a career as a financial planner a candidate should have the following skills.

Communication SkillsInterpersonal Skills
Stress ManagementEnergetic
Analytical skillsProblem-solving skills
PersistenceOrganization skills
PassionAttention

CFP Course Syllabus

CFP themes contain all you need to know to become a skilled finance planner, from the concepts to application and practical skills. In the table chart below, the essential courses and the important subjects covered in those courses are listed:

CFP Modules CFP Topics
Introduction to Financial Planning Establishing client- planner relationships
Analyse Client Objectives, Needs and Financial Situation
Implementing and Monitoring the Financial Plan
Regulatory requirements for CFP Certificants
Assessment of risk and client behaviour
Cash flow planning, Budgeting, Personal use asset management
Financial Mathematics
Legal aspects of Financial Planning, etc.
Risk Analysis and Insurance Planning Introduction to Risk Analysis and its processes
Insurance and Risk Contract
Legal principles in insurance
Identification of life, medical, householders, auto and other property and liability risk exposures
Life insurance needs analysis and policy analysis
Medical insurance
Insurance of business risk, etc.
Retirement Planning and Employee Benefits Issues in retirement planning
Types of plAns. Defined benefit plans, Defined contribution plans, Superannuation and other retirement plans
Group Life and Health Insurance
Retirement income streams
Post-retirement counseling
Reform proposals
Investment Planning How investment planning is different from selling investment products
Investment risk
Measuring and Managing Risk
Investment portfolio
Fixed income instruments
Mutual funds and Equity shares
Asset allocation
Tax Planning & Estate Planning Tax Planning Considerations
Tax Computations
Tax Planning Strategies
Estate Planning
Property documentation, etc.
Advanced Financial Planning Financial Planning Process
Determining the client’s financial status by analysing and evaluating the client’s information
Risk management
Estate planning
Capital needs at retirement, projections at death, disability, general needs, and others
List of prioritised action items
Foreign exchange issues for individuals, etc.

Career Options After CFP Course

CFP course duration prepares individuals for the fields of financial investment, planning, risk analysis, paraplanning, client relationship management, research, and cost controlling. Lucrative pay scale jobs are available to graduates of the course in both the public and private sector organizations. As the candidate gains more skills and experience, the salary also increases at regular intervals. Candidates who do not wish to seek jobs immediately after graduation can opt for higher studies in the form of MBA, PG Courses, CFA, DBF, etc. Mentioned below are some of the career options available to students after graduation:

  • Risk Analyst
  • Investment Banker
  • Portfolio Manager
  • Private Banker
  • Branch Manager
  • Paraplanner
  • Research Associate
  • Relationship Manager
  • Financial Advisor
  • Wealth Advisor

Top Hiring Recruiters for CFP Course

AmazonDr. Reddy’s
BajajVoyzon Aerospace
Aditya BirlaAngel Broking
Kotak LifeBYJU’S

Job Profiles after CFP Course

Given below is a table for further information about some of the most common CFP careers.

Job ProfilesJob Description
Financial AnalystResearches and analyses investment choices and/or administers them, making suggestions to advisors.
Investment ManagerOn account of a business and its clients, chooses and manages investments.
Portfolio ManagerManages client resources and portfolios in keeping with the firm’s requirements, as well as contributes to investment research and analysis and the firm’s investing philosophy.
Finance AssistantAccountable for a company’s business and financial paperwork in order to verify financial accounts, facilitate purchases, and so on.
Mutual Fund AdminMutual Fund Admins or Advisors are experts who know everything there is to know about mutual funds. They are in charge of assisting and advising their clients or individuals on all aspects of the mutual fund investment process.
Personal Financial ManagerProvides comprehensive financial strategies that fulfill their clients’ specific financial objectives.

CFP Salary: Specialization Wise

SpecializationAverage Salary (INR)
Financial Analyst4.1 LPA
Financial Advisors5.9 LPA
Management Trainee6.3 LPA
Project Coordinator4 LPA
Financial Managers8.7 LPA
Mutual Fund Admin5.6 LPA

CFP Course FAQ’S

How long would it take to become a Certified Financial Planner?

It is entirely dependent on the student’s ability to pass all of the exams. It could take anywhere from 6 to 9 months to 3 to 4 years at the very least. Students only need to pass the tests, which they can achieve via self-study or coaching programmes.

What is the purpose of CFP?

CFPs offer financial advice to their customers in order to help them develop the best investment strategy for achieving all of their personal objectives in the current fiscal year or over the long term.

What is the average pay of a CFP in India?

In India, the average remuneration for a CFP is roughly INR 3-6 LPA. After attaining the necessary expertise and skills, such individuals can make up to INR 20 LPA after 10-15 years of expertise.

What books and resources are available in India for CFP courses?

Many publications and coaching schools offer excellent study materials to help you study for the CFP. Here are a few examples:
Dalton’s investment planning, IIBF’s risk analysis, insurance, and retirement planning, Prasanna Chandra’s investment analysis, portfolio management, and so on.

What are the benefits of working with a certified financial planner?

The most well-known designation in the sector is Certified Financial Planner, which leads to higher employment rates in mutual funds, wealth banks, and other financial institutions. This certification course will help you advance in your career and improve your advice services.

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