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CERTIFICATE IN FINANCIAL PLANNING

Diploma in Financial Planning

Rs.7,000 Rs.3,500

Enroll your course today to avail 50% discount offer, Diploma is valid for all type of Employment.

The Diploma in Financial Planning is a specialized program designed to provide individuals with the knowledge and skills required to make informed financial decisions for individuals, families, or businesses. The program covers a range of financial topics, including investment strategies, retirement planning, risk management, estate planning, tax planning, and more.

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Description

Course Name: Diploma in Financial Planning
Course Id: DFP/Q1001.

Eligibility: Completion of 10+2 (higher Secondary) or equivalent.

Objective: The Diploma in Financial Planning is an excellent choice for individuals who want to build a career helping others manage their finances and plan for a secure future. With the skills and knowledge gained from this program, graduates can work in diverse sectors of the financial industry, providing expert advice on investment strategies, retirement planning, tax management, and more.

Duration: 370 Hrs (Equivalent to One Year).

Total Credits: 18.

How You will Get Diploma Certificate:

Step 1- Select your Course for Certification.

Step 2- Click on Enroll Now.

Step 3- Proceed to Enroll Now.

Step 4- Fill Your Billing Details and Proceed to Pay.

Step 5- You Will be Redirected to Payment Gateway, Pay Course and Exam Fee by Following Options.

Card(Debit/Credit), Wallet, Paytm, Net banking, UPI and Google pay.

Step 6- After Payment You will get Study Material Login id and Password on your email id.

Step 7- After Completion of  Course Study give Online Examination.

Step 8- After Online Examination you will get Diploma Certificate soft copy(Scan Copy) and Hard Copy(Original With Seal and Sign).

Step 9- After Certification you will receive Prospect Job Opportunities as per your Interest Area.

Online Examination Detail:

  • Duration- 120 minutes.
  • No. of Questions- 60. (Multiple Choice Questions).
  • 10 Questions from each module, each carry 10 marks.
  • Maximum Marks- 600, Passing Marks- 40%.
  • There is no negative marking in this module.
How Students will be Graded:
S.No. Marks Grade
1 91-100 O (Outstanding)
2 81-90 A+ (Excellent)
3 71-80 A (Very Good)
4 61-70 B (Good)
5 51-60 C (Average)
6 41-50 P (Pass)
7 0-40 F (Fail)

Benefits of Certification:

  • Government Authorized Assessment Agency Certification.
  • Certificate Valid for Lifetime.
  • Lifetime Verification of Certificate.
  • Free Job Assistance as per your Interest Area.

Diploma in Financial Planning

Introduction to Financial Planning- Objectives of Financial Planning, Essentials of a Sound Financial Plan, the plan must be simple, it must ensure optimal use of funds, it must ensure optimal use of funds, Adequate liquidity must be ensured, Types of Capital Requirement, Fixed Capital, Factors Deterring Fixed Capital Requirement, Nature of business, Type of products, Size of business, Working Capital, Factors Deterring Working Capital Requirement.

Risk Analysis and Insurance Planning- Understand the Impact of Risk in Financial Planning, Define What is Risk Management, Understand the Character of Risk and Risk Management, Understand the Character of Risk and Risk Management, Identify and Explain the Different Types of Hazards, Differentiate Type of Risks Within Each Class of Risks, Understand the Risk Management Process, Identify and Explain the Key Methods of Dealing with Risk, Define the Concept of Insurance.

Investment Planning- Introduction, Retirement Plan, Financial Planning, Smart Goals, Savings and Investment, Loans Vs. Investment, Personal Budget Calculator, Personal Net worth Calculator, Risk VS. Return, Compounding, Inflation Effects on Investments, Investment Commandments, Investment Vehicles, Avoid Investment Scams, Estate Planning, Summary.

Retirement Planning and Employee Benefits- Learning Outcome, Introduction, Meaning of Employee Benefits- Examples of Employee Benefits, Purposes of Employee Benefits, Types of Employee Benefits-Fringe Benefits, Retirement Benefits, Pension Scheme- Kinds of Pensions, Quantum of Pension, General/Contributory Fund, Gratuity, Medical Allowance, Voluntary Retirement, Conclusion, Key Concepts.

Financial Statement Planning- What is a financial statement, Nature of Financial Statements, Recorded Facts, Accounting Conventions, Postulates, Personal Judgement, Features of Financial Statements, Objectives of Financial Statements, Meaning of Analysis, Meaning of Interpretation, Procedure for Analysis and Interpretation, Objectives of Analysis and Interpretation, Financial statement analysis, Users of Financial Statement Analysis.

Tax & Estate Planning- Understand the Estate Planning Phases, define what is an Estate, Describe the Different Types of Property in an Estate, defines what is Estate Planning, Understand the Estate Planning Process, Describe the Types of Estate Planning Instruments, Introduction, Definition of Estate, Types of Property Ownership, Individual Ownership Property, Life Interest or Estate, Joint Ownership Property.

Job Opportunities after completion of Diploma in Financial Planning course:

Graduates of a Diploma in Financial Planning program are trained to offer expert advice and create financial plans for individuals or organizations. They specialize in budgeting, retirement planning, investment management, insurance planning, tax planning, and estate planning. With the growing need for financial literacy and effective money management, the demand for certified financial planners is on the rise. Below are detailed career options and the corresponding salary ranges in India:

1. Financial Planner

  • Role: Help individuals and families plan their finances, set financial goals, and create strategies to achieve those goals. They assess the client’s financial situation, recommend investment options, tax-saving schemes, and insurance plans, and ensure that clients are on track for long-term financial success.
  • Industries: Personal finance, wealth management, insurance, banking, investment firms, financial advisory services.
  • Salary Range:
    • Entry-Level: ₹3,00,000 – ₹5,00,000 per year
    • Mid-Level: ₹5,00,000 – ₹10,00,000 per year
    • Senior-Level: ₹10,00,000 – ₹20,00,000+ per year
    • Note: Financial planners earn commissions or fees based on the assets they manage or the plans they develop for clients.

2. Wealth Manager

  • Role: Manage the wealth and investments of high-net-worth individuals (HNWIs). Wealth managers provide a wide range of services, including investment management, retirement planning, tax strategy, and estate planning. They tailor financial plans to the specific needs of wealthy clients.
  • Industries: Private banks, wealth management firms, financial advisory companies, asset management.
  • Salary Range:
    • Entry-Level: ₹6,00,000 – ₹8,00,000 per year
    • Mid-Level: ₹8,00,000 – ₹15,00,000 per year
    • Senior-Level: ₹15,00,000 – ₹30,00,000+ per year
    • Note: Wealth managers can earn high commissions or fees based on the wealth they manage, leading to higher earning potential.

3. Investment Advisor

  • Role: Advise clients on investments in various financial products, including stocks, bonds, mutual funds, and retirement plans. Investment advisors assess the client’s risk tolerance and financial objectives to create an investment portfolio that aligns with their goals.
  • Industries: Asset management, wealth management, banks, investment firms, insurance companies.
  • Salary Range:
    • Entry-Level: ₹4,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹25,00,000+ per year
    • Note: Experienced investment advisors who manage substantial portfolios can earn significant bonuses or commissions.

4. Insurance Advisor/Consultant

  • Role: Advise clients on the best insurance products to meet their needs, including life, health, and general insurance. Insurance advisors help clients assess their insurance needs, choose policies, and review coverage periodically.
  • Industries: Insurance companies, financial advisory firms, banks, independent consulting.
  • Salary Range:
    • Entry-Level: ₹2,50,000 – ₹4,00,000 per year
    • Mid-Level: ₹4,00,000 – ₹8,00,000 per year
    • Senior-Level: ₹8,00,000 – ₹15,00,000+ per year
    • Note: Advisors typically earn commissions on the insurance products they sell, which can significantly boost their earnings.

5. Tax Consultant (Financial Planning Focus)

  • Role: Help clients with tax planning strategies to minimize their tax liabilities. Tax consultants in financial planning also assist with compliance, tax filing, and recommending investment strategies that offer tax benefits (e.g., PPF, ELSS, NPS).
  • Industries: Tax advisory firms, corporate finance departments, wealth management firms, accounting firms.
  • Salary Range:
    • Entry-Level: ₹3,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹25,00,000+ per year
    • Note: Tax consultants with expertise in tax-saving strategies and compliance issues are highly sought after, particularly during the tax season.

6. Retirement Planning Advisor

  • Role: Specialize in helping individuals plan for their retirement by creating strategies to ensure they accumulate sufficient funds to live comfortably in retirement. This includes recommending pension plans, mutual funds, and other investment products that offer long-term growth.
  • Industries: Financial advisory firms, insurance companies, pension fund management, wealth management firms.
  • Salary Range:
    • Entry-Level: ₹4,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹20,00,000+ per year
    • Note: Retirement planning advisors often work with older clients and help ensure a comfortable retirement, which can be a high-value service.

7. Estate Planner

  • Role: Help clients plan the transfer of their assets and wealth to their heirs in a tax-efficient manner. Estate planners are involved in creating wills, trusts, and strategies to minimize estate taxes and ensure that the client’s wealth is passed on according to their wishes.
  • Industries: Law firms, wealth management firms, financial advisory firms, trusts.
  • Salary Range:
    • Entry-Level: ₹4,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹25,00,000+ per year
    • Note: Estate planners can charge a premium for their specialized services, especially when dealing with high-net-worth individuals.

8. Mutual Fund Advisor

  • Role: Provide expert advice on mutual fund investments, help clients select the right funds based on their risk tolerance and investment goals, and guide them through the process of building a diversified portfolio.
  • Industries: Mutual fund companies, financial advisory firms, banks, insurance companies.
  • Salary Range:
    • Entry-Level: ₹3,00,000 – ₹5,00,000 per year
    • Mid-Level: ₹5,00,000 – ₹10,00,000 per year
    • Senior-Level: ₹10,00,000 – ₹20,00,000+ per year
    • Note: Compensation can include performance-based commissions, especially in mutual fund sales.

9. Financial Analyst

  • Role: Analyze financial data, conduct research, and create reports to help businesses and individuals make investment decisions. Financial analysts in the financial planning sector may focus on portfolio analysis, risk management, and assessing the performance of investment products.
  • Industries: Banks, investment firms, financial services, consulting firms, corporate finance.
  • Salary Range:
    • Entry-Level: ₹4,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹20,00,000+ per year
    • Note: Financial analysts with strong analytical skills and expertise in financial markets can advance to senior roles in investment banks or asset management firms.

10. Certified Financial Planner (CFP)

  • Role: Certified Financial Planners (CFPs) are highly skilled financial advisors with the certification to provide expert financial advice across multiple areas such as investment management, retirement planning, estate planning, and tax strategies.
  • Industries: Wealth management, financial advisory services, insurance, asset management firms.
  • Salary Range:
    • Entry-Level: ₹4,00,000 – ₹6,00,000 per year
    • Mid-Level: ₹6,00,000 – ₹12,00,000 per year
    • Senior-Level: ₹12,00,000 – ₹25,00,000+ per year
    • Note: CFP professionals earn higher salaries due to their expertise and certification. The potential to earn commissions and fees based on client portfolios and services also contributes to higher earnings.

Geographic Variability:

  • Metro Cities: Cities like Mumbai, Delhi, Bengaluru, Chennai, and Hyderabad offer higher salary ranges due to the concentration of financial institutions, wealth management firms, and high-net-worth individuals.
  • Tier-2 Cities: Cities like Pune, Chandigarh, Ahmedabad, and Kolkata also offer financial planning opportunities but may have relatively lower salary ranges compared to metro cities.

Conclusion:

A Diploma in Financial Planning provides numerous career opportunities in personal finance, wealth management, investment advisory, tax consultancy, and more. The demand for financial planners is growing as more individuals and businesses recognize the importance of structured financial management. Salaries in financial planning vary depending on experience, specialization, and location, with senior roles in wealth management and investment advisory offering the highest compensation packages.