There is an inherent need for strong financial advice in India.
The need for trained and certified Wealth Managers
The financial service sector is among the Top 5 fastest growing sectors in India.
We haven’t yet seen the tip of the iceberg as far as Wealth management is concerned – the current %age of equity investors is under 3% and insurance policy buyers are still abysmally low.
Within Financial services, most organizations cite Wealth management as the key focus area for their business and this business is expected to grow even faster than the other financial services businesses.
The Indian stock market is one of the fastest growing market in the emerging markets and despite the recent down turn (which experts are calling a temporary correction than anything else), the stock market is expected to re-touch its zenith soon.
As per the industry, there is an immediate need of at least 10,000 wealth management professionals every year and this is expected to touch the 20,000 per year mark in the next 3 years as more financial institutions come to India.
The %age of wealth managers in the above requirement is very high and this is one area that is possibly the least supported in terms of available supply of trained professionals.
There is a strong need for sound financial advice for current and potential investors, and this is not available at the rate that it is required.
They say you can have the best product but if the need for that product is not there, it will still not sell. In India’s case, the product is the new age “Wealth Manager” and the buyers of the product are the Banks and Financial services organizations that need certified wealth managers.
There is a gap of 10,000 wealth managers already, and there is no place where these Banks can get their sorely required trained resources. Organizations in this sector require professionals especially trained and certified in this domain. This is why financial services organizations are now looking towards professionals who are certified by experts and ready to hit the ground running.
This is one of the main reasons why students who pass out of IIFM
will find that they have great Banking & Financial Services careers ahead of them.
Combined with the fact, that the customer is getting savvier by the day, he expects that his financial needs are addressed by someone who has the knowledge and the ability to do so. That comes only with intensive certified learning, which is another reason why IIFM
pass-outs will find that they are in great demand, not just by the Banks but also by the customers of the Banks, thereby translating into quicker growth and a feeling of satisfaction at the end of the day.
The new age "Wealth Manager"
is going to be a person who doesn’t just have a degree from some college saying that he is a graduate or a post graduate. He will be someone who has a great degree of domain knowledge combined with has specialized skills of relating to people, influencing decisions, leadership and communication.
100 hrs delivered over weekends (Saturday – 8 hrs & Sunday 4 hrs) spread over 2 months
INR 35000/- plus taxes