MAHE Manipal - Admissions 2024
Ranked #6 by NIRF 2023 | More than 85% of placements in the core companies
Search Colleges, Exams, Schools & more
CFP Salary in India - Job Profiles and Sectors, Roles & Responsibilities
Edited By Deepti Shikha | Updated on Oct 03, 2023 07:14 PM IST
CFP Salary in India - Certified Financial Planners (CFP) help their clients in taking investment decisions, retirement plans, taxes as well as selecting insurance policies. The primary job of CFP’s in India includes conducting meetings with the clients, researching on new investment opportunities and analyzing all types of financial information. The CFP course salary is also a much talked about topic. An average salary of CFP in India is around Rs.4,15,700 gross per year which increases with expertise and experience.
Candidates to become CFP in India need to complete the Certified Financial Planner Course which is offered by the Financial Planning Standards Board (FP SB) after qualifying the five exams of 6 modules. The CFP certification is a globally recognized Certificate in Finance and is offered through online as well as offline mode.
Also Read| CPA in India - How to Pursue CPA in India
CFP Scope in India
If we measure the scope of CFP in India and the look at the certified financial planner salary in India, it can be said that doing a CFP opens the door to a fruitful career. A CFP can work in a number of fields such as financial planning and consultancy, risk management, investment advisory service, banks, portfolio management and much more. A CFP may also complement his or her existing skill sets by pursuing other courses such as CFA or CA.
CFP in India - Job Profiles
The CFP graduates can work in various high profile jobs such as financial advisor, wealth advisor, cost analyst etc. The average annual salary is around 3-5 lakhs depending on the various regions, companies as well as many other parameters. The CFP salary in India for freshers is also quite attractive.
CFP Jobs, Salaries and Profiles
Job Profiles | Job Description | Average Annual Salary |
Advising clients on investment related matters as to how and where to invest money and the right time to invest. | Average salary - Rs. 3.62 LPA Highest salary -Rs. 20.95 LPA | |
Financial managers | Financial managers plan the budget and also support the executive management team by providing insights and financial advice that helps the company to make the best business decisions. They also distribute the financial resources of a company. | Average salary -Rs. 8.79 LPA Highest salary -Rs. 13.12 LPA |
Finance assistant | Finance assistants look after day to day finance related tasks in the finance department of a company. The tasks include data entry, preparing balance sheets, updating of financial reports and processing invoices. | Average salary -Rs. 3.01 LPA Highest salary -Rs. 6 LPA |
Financial planner | Financial planners assists their clients in creating personal budgets, establishing objectives for saving, managing, minimizing and controlling their expenses. They implement necessary steps for creating and accumulating wealth | Average salary -Rs. 3.90 LPA Highest salary -Rs. 9.75 LPA |
Mutual fund admins | Mutual funds admins complete all the financial paperwork processing related to the mutual funds. They also provide up to date information of the client funds information or investments advice. | Average salary -Rs. 6 LPA Highest salary -Rs. 9.60 LPA |
Portfolio manager | The portfolio manager implements investment strategies and processes to meet the client goals and also construct or manage the portfolios. | Average Salary -Rs. 10.95 LPA Highest Salary -Rs. 28 LPA |
Client service associate | A client service associate is a financial planner who helps the financial advisors about specific tasks. They work for clients satisfaction and enhance clients experience by providing services for their contracts, business etc. | Average salary -Rs. 3.09 LPA Highest salary -Rs. 5.20 LPA |
Wealth advisor | Wealth advisors are the professionals responsible for offering a variety of services including financial/ investment advice, tax related planning services and estate planning. They often work as a broker to buy and sell stocks on behalf of clients. | Average salary -Rs. 5.49 LPA Highest salary -Rs. 9.18 LPA |
Also Read | Chartered Accountant (CA) Salary in India & Abroad: Monthly Earning, Roles & Responsibilities
CFP Salary in India - Job sectors
The career scope for the CFP jobs are diverse and also available in various different sectors. Candidates after completing the CFP course can work in many different areas such as Finance consultation, Investment banking, portfolio management etc.
Some of the major job sectors where CFP graduates can find job opportunities and can work as a CFP professionals are mentioned in the table given below:
Banking | Tax Consultancies |
MNCs | Insurance Firms |
Wealth Management | NBFCs |
Consulting Firms | Law Consultancies |
Brokerage |
Top Recruiters of CFP in India
Many organizations pay a good amount of salary to CFP’s in India. Some of the top recruiters for CFPs in India are:
SBI | RBI |
ICICI | Visa Inc |
Amazon | IRCTC |
ICBC | JP Morgan |
Standard Chartered Bank |
Roles and Responsibilities of CFP in India
In India the CFPs are basically responsible for planning finance related activities or tasks of an individual or organization. Listed below some of the other job responsibilities of a Certified Finance Planner (CFP).
Client Identification: It is very important to understand the client’s or company’s financial goals before starting the investment or any other finance related process.
Assessing client’s financial status: CFP should have knowledge about the client’s area of income, flow of income, assets, debts as well as problem areas, apart from knowing the financial history of the client or the company.
Financial Plan: After analyzing all the important factors, Certified Finance Planner (CFP) will make an investment plan for the client based on their income, financial history, etc.
Financial Plan Implementation: CFP implements all the plan after proving it on behalf of client, and regularly checks and also reviews it to ensure that the client has been receiving or will receive the maximum benefit from it.
Frequently Asked Question (FAQs)
1. How much does a CFP earn in India?
The average salary of CFP in India is Rs. 4,15,700 gross per year, which is about ₹22,520 net per month.
2. What jobs can I get as a CFP in India?
CFPs can get various types of jobs such as financial planning, tax services and planning, retirement planning, legal planning, investment management and others.
3. Is CFP and CFA the same course?
CFPs can get various types of jobs such as financial planning, tax services and planning, retirement planning, legal planning, investment management and others.
4. Is the CFP course an online programme?
CFP courses can be done in both online and offline modes.
Articles
Certifications By Top Providers
Digital Banking Business Model
Via State Bank of India Accounting with Tally ERP9
Via NIIT Management of Commercial Banking
Via Indian Institute of Technology Kharagpur Banking 101 A Guide for Beginners in the Banking Sector
Via EduBridge Direct Tax Laws and Practice
Via Tezpur University, Tezpur Credit Risk Management in Banking
Via State Bank of India Udemy
190 coursesEdx
162 coursesVskills
52 coursesCoursera
48 coursesInstitute of Financial Market Courses
38 coursesFuturelearn
38 coursesExplore Top Universities Across Globe
University of Essex, Colchester
Wivenhoe Park Colchester CO4 3SQUniversity College London, London
Gower Street, London, WC1E 6BTThe University of Edinburgh, Edinburgh
Old College, South Bridge, Edinburgh, Post Code EH8 9YLUniversity of Bristol, Bristol
Beacon House, Queens Road, Bristol, BS8 1QUUniversity of Nottingham, Nottingham
University Park, Nottingham NG7 2RDLancaster University, Lancaster
Bailrigg, Lancaster LA1 4YWTop Universities in Australia for International Students 2024 - QS Ranking
11 min ⋆ May 02, 2024 12:05 PM ISTSAT Exam Fees 2024 - Registration, Late, Cancellation, Score Services Fee
4 min ⋆ Mar 11, 2024 07:03 AM ISTSAT Sample Papers 2024 - Question Papers PDF for SAT Practice Test
7 min ⋆ May 02, 2024 11:05 AM ISTTop Universities in Canada for International Students 2024 - QS Ranking
9 min ⋆ May 02, 2024 10:05 AM ISTStudy MBBS in USA for Indian and International Students 2024
14 min ⋆ Feb 01, 2024 04:02 AM ISTHow to Apply for Eligibility Certificate for Studying MBBS Abroad?
6 min ⋆ May 02, 2024 09:05 AM ISTBrowse Finance Colleges by State
Get answers from students and experts
Explore Career Options (By Industry)
Budget Analyst
Budget analysis, in a nutshell, entails thoroughly analyzing the details of a financial budget. The budget analysis aims to better understand and manage revenue. Budget analysts assist in the achievement of financial targets, the preservation of profitability, and the pursuit of long-term growth for a business. Budget analysts generally have a bachelor's degree in accounting, finance, economics, or a closely related field. Knowledge of Financial Management is of prime importance in this career.
4 Jobs Available
Data Analyst
The invention of the database has given fresh breath to the people involved in the data analytics career path. Analysis refers to splitting up a whole into its individual components for individual analysis. Data analysis is a method through which raw data are processed and transformed into information that would be beneficial for user strategic thinking.
Data are collected and examined to respond to questions, evaluate hypotheses or contradict theories. It is a tool for analyzing, transforming, modeling, and arranging data with useful knowledge, to assist in decision-making and methods, encompassing various strategies, and is used in different fields of business, research, and social science.
3 Jobs Available
Underwriter
An underwriter is a person who assesses and evaluates the risk of insurance in his or her field like mortgage, loan, health policy, investment, and so on and so forth. The underwriter career path does involve risks as analysing the risks means finding out if there is a way for the insurance underwriter jobs to recover the money from its clients. If the risk turns out to be too much for the company then in the future it is an underwriter who will be held accountable for it. Therefore, one must carry out his or her job with a lot of attention and diligence.
3 Jobs Available
Product Manager
A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.
3 Jobs Available
Operations Manager
Individuals in the operations manager jobs are responsible for ensuring the efficiency of each department to acquire its optimal goal. They plan the use of resources and distribution of materials. The operations manager's job description includes managing budgets, negotiating contracts, and performing administrative tasks.
3 Jobs Available
Stock Analyst
Individuals who opt for a career as a stock analyst examine the company's investments makes decisions and keep track of financial securities. The nature of such investments will differ from one business to the next. Individuals in the stock analyst career use data mining to forecast a company's profits and revenues, advise clients on whether to buy or sell, participate in seminars, and discussing financial matters with executives and evaluate annual reports.
2 Jobs Available
Researcher
A Researcher is a professional who is responsible for collecting data and information by reviewing the literature and conducting experiments and surveys. He or she uses various methodological processes to provide accurate data and information that is utilised by academicians and other industry professionals. Here, we will discuss what is a researcher, the researcher's salary, types of researchers.
2 Jobs Available
Welding Engineer
Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues.
5 Jobs Available
Quality Controller
A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product.
A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.
3 Jobs Available
Product Manager
A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.
3 Jobs Available
QA Lead
A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans.
2 Jobs Available
Structural Engineer
A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software.
2 Jobs Available
Process Development Engineer
The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.
2 Jobs Available
Applications for Admissions are open.
Ishan Institute of Mgmt Tech B.com 2024
ApplyMerit Scholarships worth 1 Crore on offer | Accredited by NAAC | Average CTC 4.76 LPA
Jindal School of Banking & Finance Admission 2024
ApplyB.Com(Hons.), B.A. (Hons.) & M.Sc. Finance @ JSBF | recognised as IOE | #1 Private University | Inter-discilinary | Merit-based scholarships
Parul University B.Com Admissions 2024
ApplyIndia's youngest NAAC A++ accredited University | NIRF rank band 151-200 | 2200 Recruiters | 30 Lakhs Highest Package
NICHE B.com Admissions 2024
ApplyAccredited by NAAC with A grade
DSU- Dayanand Sagar University B.Com 2024
Apply60+ Years of Education Legacy | UGC & AICTE Approved | Prestigious Scholarship Worth 6 Crores
Amity University, Noida B.Com Admissions
ApplyRanked as India’s #1 Not for profit pvt. University by India Today
News and Notifications
17/10/2023, 10:04:15
13/10/2023, 10:09:03
09/10/2023, 05:50:15
26/06/2023, 11:45:13
26/06/2023, 10:56:10
22/04/2023, 08:34:19
11/01/2023, 07:42:33
Stay up-to date with News
Download Careers360 App's
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile
300M+
Students
36,000+
Colleges
550+
Exams
1500+
E-Books
16000+
Certifications
We Appeared in
Back to top