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CFP Salary in India - Job Profiles and Sectors, Roles & Responsibilities

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.

CFP Salary in India - Job Profiles and Sectors, Roles & Responsibilities
CFP Salary in India - Job Profiles and Sectors, Roles & Responsibilities

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.

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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

Financial advisor

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).

  1. 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.

  2. 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.

  3. 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.

  4. 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.

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