Bengaluru-based Abhinav Jain (34) completed his B.Tech and began working as a chemical engineer in 2012. But his passion lay in financial services. He heard about the chartered financial analyst (CFA) certification and appeared for the first of the three exams in 2018. However, considering it would get him only entry-level jobs, else he would have to do an MBA in finance, he continued with his old job, eventually quitting in 2022 to become a mutual fund distributor.
"Thanks to my engineering background, I had a great network of working professionals with decent salaries who could invest a significant amount each month. I could build a decent SIP (systematic investment plan) book in no time," he said. In 2023, Jain came to know about the certified financial planner (CFP). The course appealed to him. "I could get an in-depth understanding of how to do financial planning. I have completed three modules and I expect to finish all my exams by March 2025. I'll be certified only after I have three years of experience in financial services," he said. "CFP certification will add value to my profile and boost existing practice. I will complete my CFA, too, and become a Securities and Exchange Board of India (SEBI)-registered investment advisor."
Like Jain, many are confused about CFA or CFP courses. Both have different objectives. So, let's explore.
Chartered financial analyst
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Abu Dhabi fund helping bankroll Trump's $100 billion AI plan
MGX has backed OpenAI, while also teaming up with BlackRock and Microsoft on a $30 billion plan
RBI Likely to Transfer Another Bumper Payout
The central bank will likely make another windfall payout to the government on account of its intervention in currency markets to stem the decline in the rupee, according to economists.
Stand by DEI: It's a social and business imperative
In Greek, 'dei' means 'must'. As America swings with Trump's politics to roll back diversity, equity and inclusion initiatives, India Inc should step up to articulate why DEI is a must
HDFC Bank walks loan tightrope
DFC Bank Ltd performed well in Q3FY25 but reported a high loan-deposit ratio (LDR) of 98%, indicating less-than-ideal liquidity to cover urgent fund requirements.
JSW Defence, Telangana Ink MoU
JSW Defence has signed an agreement with the Telangana government to set up a facility in the state for manufacturing unmanned aerial systems.
Jashvik to pick up Smart Vision stake
Private equity (PE) firm Jashvik Capital Advisory LLP is acquiring a majority stake in Hyderabad-based eye care hospital chain Smart Vision Eye Specialities Pvt Ltd, said a person close to the deal.
Chhattisgarh gets ₹6k cr proposals
Chhattisgarh has secured investment proposals worth ₹6,000 crore from leading companies in sectors such as plastics, textiles, information technology, and food processing, the state government revealed during the Investor Connect event that it organized with the Confederation of Indian Industry (CII) in Mumbai.
US bond yields leave emerging markets in the cold
Moody's estimates the developing world needs $1.3 trillion by 2030 to combat global warming
BUDGET 2025: DRIVING INDIA'S GROWTH IMPERATIVE
FY25 growth forecasts put out this month have raised warning signs for the economy
India will clock fastest growth rate: Andhra CM Naidu at Davos
Andhra Pradesh chief minister N. Chandrababu Naidu has said that India's golden era has started and the country will clock the fastest growth rate.
