How to Become a Financial Advisor in India |
Posted: March 15, 2017 |
Who is a Financial Advisor? A typical financial plan would involve plans and policies regarding, health, life insurance plans, term insurance, retirement and pension plans or even education plans. The job of the financial planner is to assess the needs of the client and then create plans that would help them achieve all their goals, whether immediate or long term, in the due course of time.
As a financial advisor the job opportunities in India, are many. You could either work with a firm as an employee or even work as an individual, where you’d be self employed. You would need to have an excellent knowledge regarding stock market performances, the insurance sector and other fields relating to your career. Educational Requirements:For being in a position to taking up financial advising in India, you first need to be equipped with at least a Bachelor’s degree in Business Administration, or any other finance related topic such as finance management or even accounting.
A business related field or subject would cover areas like marketing, management, administration, finance as well as accounting.
On the other hand, joining any finance related course would mean you have to study market risk management, investments and how to make them profitably as well as financial planning. Examinations you should start Preparing for:As with any other competitive field or job, to be a certified financial planner in India, you would have to pass a few examinations. Preparing for them is time consuming, yet definitely worth the effort. The following examinations for instance, would help you jumpstart your career as a financial advisor in India:
All of these examinations are facilitated by the NSE ad conducted online, on the NCFM platform in NSE’s exam centres and all other NSE networked sites throughout all of India. Skill Building:Check examination dates and start preparing for them accordingly. Also, it never hurts to have some handy skills ready while you are completing your bachelor’s degree. Apply, join and complete courses in resume writing, public speaking, essay writing, social marketing and event managing to develop an idea about how to go about in any professional work space. Again, these are areas where you develop some very useful skills and pick up knowledge that may be very useful to you in your field in the near future. Why should you become a certified Financial Planner?There are various reasons why you should opt for being a certified financial planner in India. First of all, it is a very prestigious job and a respectable one at that throughout the country.
Secondly, financial planners are in high demand practically all throughout the year. People approach financial advisors for various reasons, mostly focusing on life insurance plans and term insurance plans and policies.
The certification in the field of financial planning guarantees all aspirants a stable and respectable position in the job market. Also the pay is high compared to most other jobs and can allow you to lead a very comfortable lifestyle.
Registration for the Exams:Registration for all of these examinations mostly occurs online. You would be required to pay the fees online, and then submit the following documents through the form:
The examinations would last for around 2 hours or 4 hours depending on the examination you intend to give. Training outside at various institutions would help you to study suitably for these examinations, but self study is also a very good method and key to cracking some of these examinations. All in all, becoming a certified financial planner in India, is one of the most respectable, profitable, challenging yet stable jobs in a country like India.
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