The per capita income of an individual in India has surely risen substantially over the years. This has not only boosted the overall economy of the country but has also enabled better financial services. But the past has also shown that the financial outlook of any country or person can change without any notice which is why one has to be prepared to counter these bad patches. In the current days of flourishing e-commerce and influx of credit cards into the daily lives of people has made it easier to the wallets on everything and anything. This notion has brought the vitality of CFP certification to the forefront.
Increasing requirement of financial planners
The main focus of planners is to manage and execute various strategies for an individual for a better financial outlook. This can include investment, taxing and managing overall wealth. But the fact of the matter is that although need for professional financial management is rising, there are not enough professionals available. It is estimated that currently there is a need for over 50,000 CFP within the country and there are less than 2000 certified professional. This despite the fact that this industry has been aggregated one of the most lucrative and job oriented sectors.
The future prospect of financial planning
However the future of this sector is highly optimistic and wide range of MBA Finance colleges have opened with the country offering highly proficient courses. These courses offer a wide array of opportunities for the students to embark on various frontiers like stock broking, banking, insurance, investments, mergers and acquisitions as well as personal wealth management. These courses are design into various modules that covers all the aspects of the financial sector. Moreover most of the colleges also ensure that students get ample exposure in the form of internship programs, case studies and various other projects. This is highly beneficial for them as it not only provides them with a solid platform to rise but also ensure speedy growth.
New opportunities for students
On the other hand students also need to take cognizance of the fact that with large organizations and corporations opening up various executive levels of opportunities, there are certain prerequisites needed to overcome. Although good grades are required, one must also possess the knack of analyzing and foreseeing financial trends. This sector also requires immerse dedication and knowledge of global financial markets. It is vital t understand that the economy of any country is dependent upon various differentials making it difficult to analyze trends and fluctuations.
In order to crack and interview or land a lucrative job offers you need to be prepared from the start. Along with CFP classes students need to acknowledge the global trends and work on case studies so that they get aware of the real world hurdles. The decision making capabilities are highly vital in this sector and can help you immensely if you follow all the guidelines properly. This would not only have a boosting affect on your future prospects but also ensure better financial growth of your client.