F-School creating a new outlook
The concept of Finance schools is taking shape with the increased need of trained professionals in the industry. F- Schools have been instrumental in providing the required skill set to the students to equip for the industry and generate future enterpenurers.
-- The B-school herd race has left large number of post graduates students struggling for good roles at handsome packages. “If after paying so much we do not get jobs of our interest and capability and we are still considered as good as graduate sales people delivering high numbers there was really no need for the degree and the five- figured fee we paid”, says a B-school student.
The concept of Finance schools is taking shape with the increased need of trained professionals in the industry. F- Schools have been instrumental in providing the required skill set to the students to equip for the industry and generate future enterpenurers.
With the increase in GDP of the country, huge business turnovers of big business houses and salary hikes of common man, Wealth management becomes indispensable to ensure that savings and investment are done in the right direction. Financial planning is vital for wealth management.
Financial planning is the task of determining how a business will afford to achieve its strategic goals and objectives. Performing Financial Planning is critical to the success of any organization. It provides the Business Plan with rigor, by confirming that the objectives set are achievable from a financial point of view.
Need for financial planning
If we go about a decade back when we didn’t know what chartered accountant is all about vs today’s scenario when we are not ready to hire an accountant unless he is certified. This is the trend that Financial planning as a course is seen heading to. With the reforms in the banking sector and with more and more banks getting involved in brokerage and investment activities, there is a need of qualified financial analysts to support new customers. Private Banks have come up to a situation for advertising the need of financial planners and provide internal training to retain per se.
Financial planners and financial analysts help guide businesses and individuals in making investment choices. Both carry out financial research and analysis, which they use to provide investment suggestions to clients. F-schools formulate their curriculum in a manner which would enable students to get well versed with the outside industry and thereby giving practical knowledge for their better future.
F-schools
Bajaj Capital has acted as a catalyst in bringing the Financial Planning Certification Program, the CFPCM into India. The International College of Financial Planning Ltd. is promoted by the Bajaj Capital Group. The primary objective at ICFPTM is to impart world-class knowledge and training to students, working executives and professionals interested in making a career in financial services in India.
The International College of Financial Planning, a renowned Business house in the field of Financial Services in India and a charter member of the Association of Financial Planners of India has come up with a post graduate diploma course in financial planning. PGDFP programme provided by ICFP is so designed that besides preparing students for Financial Services industry, it also prepares the students for internationally recognized certifications such as Associate Financial Planner (AFP) & Certified Financial Planner (CFPCM) which are authorized by FPSB, India and various other industry recognized certifications like AMFI Mutual Fund Module, Debt & Securities Market Module etc. Graduates, MBA, CA and ICWA can apply for the course.
A bachelor’s degree is essential for Financial Planning. The courses in the F-school provides the opportunity for in-depth study of modern concepts, theories, analytical methods, and problem-solving techniques, emphasizing the practical uses of these financial management principles in businesses, non-profit organizations, and government.
According to Anish Wig, CEO, ICFP “We train our students with the skillet to think business, thus generating future leaders and entrepreneurs.”
The financial sector is now poised for a quantum leap and the challenges are so vast that they will fulfill the aspirations of the innovators, the workaholics as well as the researchers from all streams of society. Those who join the finance sector in the take off stage will dominate business and trade worldwide for decades to come