CFP Admission 2023: Admission to CFP 2023 will be based on merit. For enrollment in the CFP course, there are no entrance exams held. It is a typical certificate program that can be finished in anything from 6 to 8 months to 2 to 3 years.
The Financial Planning Standards Board of India has a CFP certification. The candidate who successfully completes the CFP course and passes the FPSB exam is awarded the certification. Those who have completed the 12th standard are eligible to enroll in the CFP course. Candidates pursuing a doctorate, post-doctoral degree, or graduation may also apply.
CFP Admissions: Registration Deadline 2023
Several institutes offer instruction for the CFP certificate course. For admission to these training colleges, there are no entrance tests. Candidates can enroll in the course by visiting their official website.
Candidates who registered up to May 2021 will still be able to do so through March 2023, regardless of whether they are on the Regular status road or the Challenge status pathway. Those who didn’t pass the exam then had to sign up for the new course again. The best CFP Institutions are listed below, along with information about how to enroll and when to register.
| Name of the Institution | Mode of Study | Registration Date for the 2023 Session |
|---|---|---|
| IMS preschool | Classroom, Live Online, and Recorded sessions | To be announced |
| International Centre of Financial Planning – Delhi | Online classes and Recorded sessions | September 2023 |
| International Centre of Financial Planning – Mumbai | Online classes and Recorded sessions | September 2023 |
| International Centre of Financial Planning – Mysore | Online classes and Recorded sessions | September 2023 |
| Icici direct Centre for Financial Planning | e-class | To be announced |
| International Institute of Research and Wealth Management (IIRWM) | Classroom, recorded sessions | Available soon |
Admissions Process for CFP 2023
For all applicants to the new course, there is only one method, which is the Regular track. The procedures for applying to CFP are listed below.
- The aspirant must first register with the NSE Academy to receive an NCFM ID.
- Fill out the “Students Registration Form” and pay the registration costs to become a member of the FPSB.
- Following document verification, the FPSB activates the student’s account, opens the NSE portal, and notifies them that they have been registered.
- The candidate can enroll in any of the colleges or universities listed above after registering to study the courses that will be covered in the certification exams.
- After finishing the course, the candidate can reserve a day depending on the number of seats in the testing facility.
CFP Admissions 2023: Fee Structure
| Step Undertaken | Fee |
|---|---|
| Student Registration Fees with FPSB India | INR 12,600 (valid for one year) |
| Materials for Tracks (1-3) | INR 11,400 (INR 3,800 per track) |
| Exam fees for Tracks (1-3) | INR 13,800 (INR 4,600 per track) |
| Material for Capstone | INR 11,400 |
| Exam fees for Capstone | INR 6,900 |
| Total | INR 56,100 |
CFP Admission Guide 2023
| Module Number | Subject of study |
|---|---|
| Module 1 | Personal Financial Management |
| Module 2 | Investment Planning |
| Module 3 | Regulatory Environment |
| Module 4 | Risk & Insurance Planning |
| Module 5 | Retirement Planning |
| Module 6 | Tax planning & optimization |
| Module 7 | Estate & wealth planning |
| Module 8 | Financial planning process |
| Module 9 | Integrated financial planning |
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2023 CFP Admission Advice
The most crucial considerations while choosing a college and showing up for the CFP exam are listed below. AEP, self-study, and study waiver are the three options for studying for the TRACK exams under the new course system.
- Candidates for the self-study mode must pass the admission exam administered by the FPSB.
- Study through AEP: The 3-6 month CFP certification courses are offered at all public and private educational institutions.
- Study Waiver: This is available to individuals who meet the prerequisites. They will need to receive at least a 70% on the entrance examination (in two attempts). They wouldn’t need to purchase any textbooks from
Tests for MODULE.
- Chose the institution with the best track record. – When choosing a college or institution to attend while studying for the CFP Exam, consider the amount of CFP holders already enrolled there and how current their knowledge of the curriculum is.
- Choose a college that offers live classes. Many colleges offer subject modules that can be downloaded in recorded form, but in the long run, they might not be enough to fully comprehend the subject. It is preferable to choose an institution that offers live online classes so that you can get your questions answered right away.
- Choose the TRACK that is most comfortable for you. With the new course format, you can pass each TRACK for the CFP independently after enrolling in college. Therefore, pick the TRACK whose subject matter most interests you initially.
Certified Financial Planner Certification – Exam Pattern, Eligibility, Fees, Jobs & Careers
FAQ
Ans. In comparison to CA, CFP is simple. In contrast to the 3 to 5 years it takes to become a CA, it can be finished in a year. Additionally, the CFP course structure is less dense than the CA one.
Ans. Yes, the CFP from the FPSB is legal in 26 nations. However, because tax laws vary from nation to country, in some places you might need to take an additional taxation course.
Ans. Earnings for a fresher with a CFP will be greatly influenced by aspects including location, subject-matter expertise, and communication abilities. If hired by a reputed company even without any extra training or experience, the remuneration should range from INR 10,000 to 30,000 per month.
Ans. You can apply for the CFP, study online, and take the exam while pursuing a degree following your plus two, whether it be a graduate or post-graduate degree. In order to improve your professional possibilities, you can also do so while working a job.
Ans. Neither the Securities and Exchange Board of India (SEBI) nor the Pension Fund Regulatory & Development Authority has any direct relationships with the FPSB, the entity that authorizes the CFP (PFRDA). But SEBI and PFRDA acknowledge the CFP as one of the reliable educational credentials in financial planning and exclude its holder from several eligibility-based requirements, such as becoming a Retirement Advisor without sitting for the PFRDA test.
Ans. A CFP can work in a variety of financial planning fields, including retirement planning, tax planning, risk management, and investment planning, among others. A client’s investments are the only ones for which an investment advisor can provide advice.
Ans. CFP is a fantastic choice to pursue before an MBA, yes. If you already hold a CFP, earning your MBA in finance will significantly advance your career. Many financial institutions favor candidates who have both a CFP and an MBA in Finance.
Ans. Yes, it is worthwhile because large and medium-sized businesses in the finance and investment sector need fresh ideas to chart their future because the global economy is still fighting to recover from the epidemic. And they are on the lookout for individuals who have taken a course like CFP.
Ans. A CFP unquestionably facilitates career advancement. Professionals with CFPs have advanced in their careers in the finance industry more than their contemporaries without them, according to global research conducted by FPSB. It is also very beneficial for those looking to launch their own independent financial planning business.
Ans. Yes, it counts as experience, but under the non-financial services option, not the financial services one, which only requires three years of experience.