In India, Certified Financial Planner (CFPCM) Certification programs are offered mainly by Financial Planning Standards Board India (FPSBI), a public-private enterprise and a body that guides the development and promotion of profess...
The financial industry is growing in leaps and bounds. There are many career opportunities and job openings in this ever-growing industry. Financial Planner Career is a corporate career track, even for those who run their own finan...
CFPCM certification is recognized in 23 countries across the globe. Besides, the certification immediately get the trust of clients in comparison to other Financial Planners.|
Challenge Status Program ____________________________________________________________________ Challenge Status Program is an option that FPSB India has come up with in order to give the time-strained professionals to acquire CFPCM Certification. So basically candidates must be an ICWA, CS, CA, PhD, PG, CAIIB, Actuary, LLB, and FFSI & FLMI, etc.to avail this option. Since these professionals already hold certain knowledge and skills which are required to be a Financial Planner, they have been provided with the option to avail the 'Challenge Status Program' of FPSB India. Qualification Criteria Professionals from a Recognized University, having the following additional Educational Qualifications or equivalent are eligible to avail this option:
Also note that: 1. Candidates with Post Graduation in Management (other than Finance) qualifications need to have compulsory SEBI/ IRDA mandated Certification as well. 2. Post Graduation qualification implies at least two years’ of full time education in an education institution: Alternatively equivalence as recognized by appropriate statutory authority viz. UGC/AICTE etc. as Post Graduation qualification (deemed) may also be considered. 3. Candidates having cleared the Civil Service Examinations (Mains) conducted by Union Public Service Commission (UPSC) in the prescribed subjects viz. Commerce, Engineering, Economics, Law, Mathematics, Management, Physics and Statistics and having at least three years work experience. OR candidates having cleared the Services Examinations conducted by Union Public Service Commission (UPSC) and having at least three years work experience in Accounts, Finance and related Departments shall also be eligible to appear for the Challenge Status Program. Experience Criteria With reference to “Experience” the following criterion is mandated:
1. This indicates full time employment with the organization. Financial Institutions are defined as Asset Management Companies, Banks, Distributors, Insurance Companies, Distributors, and Portfolio Management Services (PMS). Establishments should be registered with Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), Insurance Regulatory Development Authority (IRDA) or any other appropriate authority accordingly. 2. Work Experience relevant for candidates under #1 & #2 has been defined as experience in Personal Finance Department / Division, wherein the candidate’s job-profile has been to interact/interface directly with the client and / or his portfolio. 3. Indicated candidates with prescribed educational qualifications but no experience working in any of the Financial Institutions as given in #1 above. Qualifying work experience is based on a 35-hour workweek and is defined as full-time (or equivalent part-time) personal Financial Planning services/ related employment or self-employment. In the performance of their job, candidates must have actively used the knowledge, skills and abilities required for the CFPCM Examination (for a listing of topics, please refer to the Course Curriculum) and the Experience gained should help the candidate in the application of the personal Financial Planning process to meet client needs. This Experience can be gained in the following areas provided it meets the conditions listed above;
Other relevant experience will be considered on a case-by-case basis. To verify their experience, candidates must submit the following:
Candidates who do not meet the Experience requirement will not be eligible for the Challenge Status Program. The application for this Program will be accepted after appropriate verification. It may be noted that meeting the above-mentioned Qualification and Experience criteria does not automatically deem the candidate eligible for the Challenge Status Program. Candidates must provide attestation from their governing Professional Body/ Gazetted Officer confirming their membership/ qualification is in good standing/in order. PhD. candidates must provide proof of successful completion of the specific PhD. program. Fee Structure for Challenge Status Program
* The Registration fee is valid only for one year. Kindly note that the Exam 5 Fees of Rs. 5,000/- has to be paid at the time of exam enrollment on the NSE website. Please download Challenge Status Registration Process Chart for details. Challenge Status Certification is also valid for one year from the activation date. Thereafter, it needs to be renewed. Please download Challenge Status Renewal Process Chart for details. |
