India is a growing country and having 70% young population either earning money or joining the earning stream soon. India’s Middle class is expanding fast and it is expected to reach 583 million by 2025. Moreover, average real household disposable income (income minus taxes, adjusted for inflation) is projected to grow each year.
With the expansion of Indian middle class and rise in their disposable income the potential beneficiaries of financial planning have increased manifold over the last few years and this trend is going to continue in the coming decades. This will result in a huge supply demand gap as the numbers of financial planners are very few and cannot service such a large customer base. This problem is going to be exacerbated as there are very few quality academic institutions (and hence very few students that can study in them) that have recognized the importance of this upcoming segment. Therefore it is expected that there would be huge shortage of qualified financial planners in the coming years.
There is another trend which is going to change the landscape of Financial Planning industry in India. Indian customer is getting more aware of the financial products and their features and is not as naïve as it used to be few years back. Financial planners would have to become more proficient and add more value to stay in the business. Average Financial Planners with superficial knowledge would not be able to survive in this scenario. So in essence there would be enormous demand for financial planners but only those will be able to survive who can add substantial value to clients. Thus today adequately trained and qualified financial planning professionals are required by Financial Services Companies, Banks etc.
MBA in Financial Planning is an intensive two year program which offers dual degree provided jointly by ICoFP and UGC recognized university. This program incorporates the curriculum of all modules of CFPCM certification, which is a global qualification with presence in around 24 nations.
- To teach students the techniques and tools useful for financial planning and analysis in today’s financial and economic scenario.
- To improve students’ technical and interpersonal skills through the use of case studies.
- To engender the required analytical knowledge and skills in order to develop proficient financial planners.
- To nurture and groom the aspirants in order to match the requirement of the financial industry.
- To prepare students for internationally recognized CFPCM certification conducted by Financial Planning Standards Board (FPSB), India.