Planning to become a financial planner – here’s what you can do after 12th commerce

Did you know you can budget for million-dollar companies? 

Yes, that’s true! 

And you can start preparing for it as soon as you complete grade 12th. 

A Certified Financial Planner’s qualification is the right option if you wish to aim for a career that roars through the crowd! 

We are covering all the details pertaining to the CFP course. Whether you are a parent or aspirant; you need to take a look at these details carefully. Let’s get started.

Why is Financial Planning Essential in Any Corporation?

For any corporation, there are short and long term goals. As a planner, you will lead the relay of setting out budgets in a way that the goals are achieved, at the same time the regular course of action isn’t hampered. Here are six crucial ways how a CFP professional regulates financial planning in a corporation:

  1. It speeds up fundraising
    Financial planning keeps the balance between overfunding and underfunding. It recognizes the optimal means a company needs to avoid undercapitalization and overcapitalization.
  2. It provides assistance in determining an appropriate capital structure –
    Financial planning helps in raising short, medium and long term funds from various sources at different stages. It also specifies how funds are raised for the different phases.
  3. It helps in allocating funds in the right place – 

Creating a financial plan is important for allocating funds in various investment opportunities. 

  1. It builds trust between investors – 

A company with a financial plan intends to attract more investors by providing true and correct information about the company and not guessing things, which builds trust between them.

  1. It helps to avoid business shocks – 

In uncertain situations, financial planning helps to avoid business shocks by forecasting financial needs.

  1. It helps to grow and expand the business –
    Financial planning helps in the growth and expansion of business programs that have led to the long-term survival of such a business.

Want to know more about CFP? Click here

Why should you consider CFP right after 12th commerce?

Especially in the past few years, the demand for financial planners in India has increased. The CFP is the gold standard in the consulting industry. International companies, banks and financial institutions are very interested in hiring certified planners to work with their clients. 

CFP professionals apply their knowledge and expertise to create personal portfolios for their clients. Here are three major reasons why one must consider CFP after 12th commerce:

  1. You can gain specialized skills:
    A CFP provides financial and investment advice that helps meet the personal needs and future demands of individuals and organizations. They also manage financial, investment, tax and insurance data as part of their services.
    This enables professionals to ace in specific fields like becoming a Financial Advisor, Wealth advisor, Cost Analyst, Stockbroker and other similar fields.
  2. You can fulfill the global demand of the job
    According to the Bureau of Labor Statistics, the overall employment of financial advisors is expected to increase by 5% between 2020 and 2030. And, the median annual income for financial advisors was $94,170 in 2021.
  3. You can be the part of rising demand in various sector:
    According to a source, industries with the highest employment of financial advisors are securities, commodities, funds, trusts, and other financial investments (60.6%), banking and related activities (11.1%), and insurance (6.09%).

We have covered the most important aspects of pursuing a career in CFP after 12th. Let us now see how you can become a CFP professional through a reliable source of mentorship.

How to start a career in CFP?

Let us first see the eligibility criteria for pursuing a CFP course. There are two modes available for those who intend to opt for CFP. One is the regular mode and another one is the challenged mode, let’s dive in to the details:

Regular mode:
A candidate that has cleared grade 12th, will need to clear all five exams that cover six modules to officially be certified as a CFP as per the FPSB

Challenged mode:
If you are somebody who has cleared CA/Intermediate level, CFA, ICWA, CAIIB, CS, LLB, PhD, MPhil, PG, Licentiate/Associate/ Fellowship of Life Insurance, Actuary, FFSI & FLMI from LOMA, Civil Service Examinations by UPSC then this is the route for you. Here, you need to clear just one exam, the fifth one, to certify as a Financial Planner.

Now that you know which mode is the best suited for you; let us now look at how you can kickstart a career in CFP.

First you need to choose a program that will include expert led sessions and active assistance. You can get them and more benefits packed in one course – IMS ProSchool Certified Financial Planner course

ProSchool’s learning involves an online and offline mode. You will be surprised to know the innovative methods they use to make learning fun! They coach for CFP using case studies, problem solving and practical problems. You also get a personal mentor who will solve your doubts at your convenience. You can get opportunities to work with top banks, financial planning firms, wealth and asset management companies.

Certified Financial Planner Exams

  • Frequency
    The CFP exam is conducted thrice a year through an 8-days testing window.
  • Modules
    The six modules of CFP exam includes:
    1. Introduction to financial Planning
    2. Risk analysis and insurance planning
    3. Retirement planning and employee benefits
    4. Investment planning
    5. Tax planning and estate planning
    6. Advanced financial planning

Certified Financial Planner Career Paths

As a CFP professional, there are many reputable and well-paying jobs that you can opt from:

– AMC’s
AMCs hire CFP professionals as investment advisors. The job includes advising clients on various products and financing opportunities within the business. Planners also use their expertise to analyze the market and make informed decisions that reflect their ideas.

– Wealth management
The financial planner is trained to help wealthy individuals manage their finances and investments. CFP leaders direct customers to products and services that add value to their portfolio. They also help with estate, will and retirement planning.

– Insurance companies
The insurance industry relies on CFP-trained employees to work with their clients. The financial planner talks with customers to understand their needs and helps them choose from the policies available in the company. The planner also helps the company analyze market research and discover information that appeals to the customer.

Non-Banking Financial Corporations (NBFCs) need planners to work with clients to manage their investments such as stocks, bonds,and stocks. CFP qualified employees can personally advise the client in order to make decisions based on their needs.

– Banks
The banking sector is a highly competitive industry where banks compete with each other to build a valuable customer base. They need financial planners to help them sell their new products and services to customers. CFP professionals also assist clients in financial planning, portfolio management and risk analysis.


Opting for a CFP course is neither a cakewalk nor the toughest thing ever! If you have the right guidance and mentors; there are higher chances of you being a professional with gradually expanding career opportunities.

And at IMS ProSchool, that is what we strive to deliver. A journey that embraces the best in you while also inculcating what’s necessary for growth! Join hands with the industry wizards and lead your way to success!