Financial planning is the process of estimating the amount of capital required and picking its competitors. The goal of Financial Planning is to ensure a reasonable balance between systematic outflow and inflow of funds in order to maintain stability.
Financial Planning Courses are usually offered at Certification level. The most popular Financial Planning course is Certified Financial Planner Course which entirely focuses on providing strategic and management training to Financial planners. The average course fee of Financial Planning Courses range from INR 3,500 to INR 50,000.
Financial Planning courses syllabus include Elements of Taxation, Risk Management, Financial Planning, Investment Product and Services etc. that are designed in such a way to offer professional skills and wide range of knowledge to work as a professional Financial Planner.
Apart from Certifications in Financial Planning, a number of online educational platforms such as Coursera, edX, Udemy etc. offer online Financial Planning courses whose duration can range from 2 hours to 3 months. These courses do not have strict schedules and can be pursued by students from the comfort of their home.
Some top colleges that offer Financial Planning Courses are Hyderabad's Indian School of Business Management and Administration, International College of Financial Planning, New Delhi, National Stock Exchange, Mumbai etc.
After completing Financial Planner courses, students have a wide range of job options to choose from like Financial Analyst, Financial Advisor, Portfolio Manager, Mutual Fund Admin etc.
A number of top-leading companies hire Financial Planner qualified candidates in their companies for the above-mentioned job positions. These companies include Amazon, Flipkart, Unacademy, Kotak, Byju’s etc. The average salary offered to Financial Planners range from INR 3,00,000 to INR 4,00,000 per annum in India.
2.1 Certificate Financial Planning Courses
3.1 Udemy
3.2 Coursera
3.3 edX
6.1 Top Job Profiles
6.2 Top Recruiters
What are Financial Planning Courses?
Financial Planning is the process of establishing financial rules for an organization's purchase, investment, and administration of funds.
- Financial Planning is useful for a wide range of activities such as Determining the Capital Requirements, Framing Financial Policies, Ensuring the judicious use of scarce financial resources and so on.
- A financial plan must therefore consider many different aspects of finance, such as investing and taxes as well as saving money and investing in the future as well as estate planning, insurance.
- You might anticipate that a financial planner would provide services in financial planning.
- However, financial advisors are often also planners on their own.
- Financial Planning Courses provide the students with a piece of extensive knowledge about the various aspects of Financial Planning such as Risk Analysis,Retirement Planning, Tax Planning, Employee Benefits, Insurance Planning, and much more of the same kind.
- The courses are suitable enough for the candidates who have a constant enthusiasm for learning about Financial Planning and further pursuing a career in the same.
Check: MBA Finance
Why Study Financial Planning Courses?
The various reasons for studying Financial Planning Courses in recent times have been listed below for your reference:
- Having a knowledge of Financial Planning can help you to save a significant amount of money in taking Financial Advice from professionals.
- Financial Planners have the flexibility to work from anywhere in the world which in turn saves their precious time.
- Learning these courses provides you with great knowledge and makes you aware of the terminology, historical roots, current financial regulations and so on.
- Financial Planning Courses are available as Online Courses at various reputed platforms at affordable rates.
Types of Financial Planning Courses
When it comes to Certificate Courses in Financial Planning, there are only a few reputed courses. However, there are a large number of online courses available for the same so that you can get an idea of what courses are available and what is the eligibility for the same, we've listed all of the specifics about Financial Planning courses.
Check: Top Certified Financial Planner Colleges in India
Certificate Courses in Financial Planning
- Financial Planning Courses are usually available as Certificate Courses only at various online platforms wherein the students are provided with instructor-led pieces of training.
- Students enrolled on this course will gain highly transferable knowledge and expertise concerning the ways in which Financial Planning is used for determining capital’s requirements and needs, financial resources and so on.
- Pursuing such a course might further allow them to build a career in areas related to Financial Planning such as Financial Analyst, Mutual Fund Admin, Financial Assistant, Portfolio Manager, etc.
- The course duration of Certification in Financial Planning can range from 6 months to 2 years.
| Course Name | Colleges Offering | Average Fees |
|---|---|---|
| Certified Financial Planner Course | Hyderabad's Indian School of Business Management and Administration, Patna's Indian School of Business Management and Administration, International College of Financial Planning, New Delhi, ICICI Direct Centre for Financial Learning, Kolkata, IMS Pro School,Pune etc. | INR 40,000 - INR 50,000 |
| Certification In Financial Planning and Wealth Management | National Stock Exchange, Mumbai |
NA |
| Certificate in Financial Planning and Advisory | Association of International Wealth Management of India |
INR 15,000 |
Certificate Financial Planning Courses Admission Process
Financial Planning Course Certificate Admissions are not based on merit, nor are they based on entrance. Students must enrol in a particular Certificate Financial Planning course in the college that is offering that course as part of the admissions process.
- In order to be qualified for a Certificate Financial Planning programme, students must complete a qualifying examination at the 10+2 level.
- Before enrolling in the Certificate Financial Planning Courses, students must have a minimum knowledge of Finance.
- Not just this, but all those working in Asset Management Companies, Financial Products Distribution Companies, IT and Engineering Professionals, Graduates of any stream who wish to manage their finances on their own can pursue these courses.
- Students should sign up for the courses they want to take in the respective colleges and institutions that offer them, and double-check that the information on the websites is correct.
Top Online Financial Planning Courses
Financial Planning Courses are also available on online platforms as Certificate Courses. Such online courses provide students the flexibility to learn at their own comfort and at their own time. The top Online Financial Planning Courses provided by various reputed platforms have been listed below:
Financial Planning Courses on Udemy
| Course Name | Duration | Course Fees |
|---|---|---|
| Financial Planning and Analysis: Building a Company’s Budget | 3.5 hours | INR 5,120 |
| CFA Level 1: Complete Portfolio Management | 4 hours | INR 4,480 |
| Financial Planning for Beginners: Tax Strategy | 2 hours | INR 5,120 |
| Financial Planning Tutorials | 4.5 hours | INR 3,520 |
| Financial Advisor Training | 14 hours | INR 5,120 |
Financial Planning Courses on Coursera
| Course Name | Duration | Course Fees |
|---|---|---|
| Personal and Family Financial Planning | 15 hours | NA |
| Fundamentals of Financial Planning | 3 hours | NA |
| Understanding Financial Markets | 11 hours | NA |
Financial Planning Courses on edX
| Course Name | Duration | Course Fees |
|---|---|---|
| Financial Market Analysis | 7 weeks | Free |
| Financial Accounting | 12 weeks | Free |
| Foundations of Finance | 5 weeks | Free |
Check: BBA Finance
Financial Planning Courses Syllabus
Financial Planning Courses provide the students with a piece of extensive knowledge about the various aspects of Financial Planning such as Risk Analysis, Retirement Planning, Tax Planning, Employee Benefits, Insurance Planning, and much more of the same kind.
For your convenience, the important subjects of the curriculum have been listed below:
| Financial Planning | Estate Planning |
| Investment and Risk Management | Investment Products and Services |
| Risk Profile and Asset Location | Risk Management through Insurance |
| Elements of Taxation | Wealth Management and the Economy |
Check: Taxation Courses
Stream Comparison
A stream comparison has been made between two of the most popular courses in this industry, namely Financial Planning Courses and Financial Analysis Courses.
As we often believe, finishing the correct course or any other course provides us with much more benefits. This comparison will assist you in selecting the course that best meets your needs.
Comparison Between Financial Planner and Financial Analysis
| Parameters | Financial Planner | Financial Analysis |
|---|---|---|
| Objective | Financial Planning Courses provide the students with a piece of extensive knowledge about the various aspects of Financial Planning such as Risk Analysis,Retirement Planning, Tax Planning, Employee Benefits, Insurance Planning, and much more of the same kind. | Financial Analysis Courses equip students with in-depth understanding of evaluating firms, projects, budgets, and other finance-related transactions in order to determine how well a business will function and how long it will last. |
| Eligibility | All professionals working at Asset Management Companies, Financial Products Distribution Companies, IT and Engineering Professionals, Graduates of any stream who wish to manage their finances on their own can pursue these courses. | Students must have a foundation in trade or have taken mathematics, statistics, or economics as a course. Although the degree of flexibility varies from college to college. |
| Demand | It is possible to find rewarding careers as a Certified Financial Planner in various fields such as private banking (private equity), wealth management (wealth management), investment | There were 329,500 total jobs in this sector in 2018, according to the most recent available information. The profession is expected to grow roughly 6%between 2018-28—a gain of 20,300 positions. For these reasons and more, it's an excellent career path |
| Top Websites Offering Online Course | Udemy Coursera Edx | Udemy Coursera Edx IIBM India |
| Job Growth | As a result of these courses, you may be able to find employment in companies. There is also the matter of job security and a good salary no matter where they are employed. | All companies and businesses require the services of a financial analyst to aid with their finances, review their budget, and track their Therefor, it is a subject that requires a lot of effort and might lead to |
| Average Initial Salary | INR 3,00,000 to INR 4,00,000 per annum | INR 2,00,000 to INR 10,00,000 per annum |
Check: BCom Taxation
Skills Required for Financial Planning Courses
The various necessary skills required for Financial Planning Courses have been mentioned in the table below for your reference:
| Estate Planning | Financial Goals | Investment Products |
| Portfolio Management | Tax Returns | Retirement Planning |
| New Assets | Risk Management | Investment Planning |
Check: BCom Finance
Scope of Financial Planning Courses
With a big demand-supply gap in India, Financial Planning is one of the fastest-growing professions in the world with a bright future for the young people who want to pursue it and may take advantage of various chances in the financial services sector as described above.
- Since there is a growing need for financial and/or investment advisors, this is a good career choice right now.
- Those who wish to help others and make a difference in their lives might consider a profession as a financial counsellor or investment advisor.
- According to the Bureau of Labor Statistics, the number of personal financial advisors will increase by 4% between 2019 and 2029, which is nearly the same as the average of all occupations.
- The need for personal financial counsellors will therefore increase as individuals save and invest for their own retirement.
The various job positions and recruiters in this particular field have been listed below for your convenience:
Check: Top Insurance Colleges in India
Top Job Profiles
| Job Profile | Job Description |
|---|---|
| Financial Advisor | A financial advisor is a finance specialist who consults and advises on a person's or company's financial situation and When financial advisors provide their clients with wealth-building techniques, they can help them accomplish their financial goals sooner. |
| Financial Analyst | Work involves performing research and analysis as well as managing investments by giving suggestions to advisors. |
| Portfolio Manager | Contributes to firm investment philosophy by managing client assets and portfolios in accordance with firm rules. |
| Mutual Fund Admin | Mutual fund administrators and advisors are the experts in the field. Investment advisors provide assistance and advice to individuals or clients who are considering investing in mutual funds |
Top Recruiters
Kotak |
Bajaj |
Amazon |
Dr. Reddy’s |
Byju’s |
Angel Broking |
Aditya Birla |
Flipkart |
Voyzon Aerospace |
Unacademy |
Salary After Completing Financial Planning Courses in India
- The type of work profile for which a Financial Planner is employed determines their remuneration.
- Salary structures differ depending on the type of job profile, experience level, etc. The compensation disparities will be examined in the tables below.
Job Profile Wise Salary
| Job Profile | Average Annual Salary |
|---|---|
| Financial Advisor | INR 2,00,000 to INR 4,00,000 |
| Financial Analyst | INR 4,00,000 to INR 5,00,000 |
| Portfolio Manager | INR 3,00,000 to INR 5,00,000 |
| Mutual Fund Admin | INR 2,00,000 to INR 4,00,000 |
Gender Wise Salary
| Job Profile | Male (Average Annual Salary) | Female (Average Annual Salary) |
|---|---|---|
| Financial Advisor | INR 2,00,000 to INR 4,00,000 | INR 1,50,000 to INR 3,00,000 |
| Financial Analyst | INR 4,00,000 to INR 5,00,000 | INR 2,00,000 to INR 3,00,000 |
| Portfolio Manager | INR 3,00,000 to INR 5,00,000 | INR 2,50,000 to INR 3,40,000 |
| Mutual Fund Admin | INR 2,00,000 to INR 4,00,000 | INR 2,00,000 to INR 4,50,000 |
Experience Wise Salary
| Job Profile | 0 to 5 years (Average Annual Salary) | 5+ years (Average Annual Salary) |
|---|---|---|
| Financial Advisor | INR 2,00,000 to INR 4,00,000 | INR 4,00,000 and above |
| Financial Analyst | INR 4,00,000 to INR 5,00,000 | INR 5,00,000 and above |
| Portfolio Manager | INR 3,00,000 to INR 5,00,000 | INR 5,00,000 and above |
| Mutual Fund Admin | INR 2,00,000 to INR 4,00,000 | INR 4,00,000 and above |
Financial Planning Courses: FAQs
Ques. Are there offline Financial Planning Courses available?
Ques. What is the duration of Financial Planning Courses?
Ques. What is the average course fee charged for Financial Planning Courses?
Ques. Is it worth pursuing Financial Planning Courses in recent times?
Ques. What are the available career opportunities after Financial Planning Courses?
Ques. What is the main focus of Financial Planning Courses?
Ques. At what levels are Financial Planning Courses available?
Ques. Is it good to pursue this course in India?
Ques. Where can I apply for jobs after the completion of the course?
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