M'lore: IIJT to Offer Certified Financial Programme to 30 Srinivas College Students

Mangalore, Nov 7: Indian Institute of Job Training(IIJT), one of India’s fastest growing vocational training company is offering Certified Financial Programme to 30 students of Srinivas Institute of Management Studies.

A total number of 120 students will be offered training at a subsidized fee in a phased manner. IIJT Education is the authorized Education Providers of FPSB India, which is the regulatory body for CFP certification programs in India.

Speaking on the occasion Shajan Samuel, Divisional Head IIJT said ‘there is a potential for around 50,000 financial planners in the market. According to the recent Purchasing Index prepared by Business Intelligent Unit (BIU), Mangalore city has shown growth in its purchasing power, currently at a relative index between 0.65-0.80 and considering this as well as the tremendous growth witnessed in the market, it augurs well that Srinivas Institute of Management   has made Certified Financial Program a compulsory program for their MBA Students”.

While speaking to the students about the value of Certified Financial Planner in a growing economy, Shajan Samuel expressed happiness in delivering the program at Srinivas Institute of Management Studies as IIJT is one of the authorized education provider of FPSB India.

Delivering the key note address, Ranjeet S. Mudholkar, vice chairman and CEO, Financial Planning Standards Board of India (FPSB) said "With the growing income levels, Indians need qualified money managers to take care of their finances.

The CERTIFIED FINANCIAL PLANNERCM certification equips a professional to develop technical skills and be able to identify client needs, quantitatively and accurately, and satisfy them through a comprehensive solution, rather than a product sale. Further, to the consumers, the title of CFPCM professional instantly reflects the skill sets and the commitment levels of the title holder to the profession and the compliance to strong code of ethics."

Highlighting the need to have qualified financial planners Dr. P.S Aithal, Principal -  Srinivas Institute of Management Studies said that “Certified Financial Programme enjoys worldwide recognition and a certification with a global touch in Financial Planning is almost becoming a necessity in a growing economy like India and we are glad to associate ourselves with IIJT Education to give our students a competitive edge when they graduate out of college”.

P S Karanth Regional Head (FPWM) SBI Bank said financial Planning companies and industries which are in to financial Planning are giving preference to candidates with CFP certification while hiring , he also said SBI has a scheme which encourages employees to take up CFP Program and provides relief both on tuition fees as well as registration and exam fees.

Vyas Nagpal, regional head FPSBI, Joseph Manickaraj, Senior Manager, Partner Operations- IIJT Education and  A Srinivas Rao, vice president, Srinivas Group of Colleges were the Guests of Honour for the event.

About Financial Planning

Financial Planning is the process of determining how an individual can meet life goals through the proper management of his or her financial resources. Examples of life goals include a comfortable retirement, buying a home, saving for a child's education or starting a business.

A Financial Planner is someone who uses the Financial Planning process to help clients figure out how to meet their life goals. A Financial Planner can take a "big picture" view of a client's financial situation and make Financial Planning recommendations based on the client's needs in areas such as budgeting and saving, taxes, investments, insurance and retirement planning. Or, the planner may work with a client on a single financial issue but within the context of that client's overall situation.

A Financial Planner helps a client analyze either all or selected areas of his or her finances and develops a "plan" bringing together all of the client's financial goals, or provides advice on specific areas as needed. This big picture approach to a client's financial goals sets the planner apart from other Financial Advisers, who may have been trained to focus on a particular area of a client's financial life. The Financial Planning process as described on the following page distinguishes Financial Planning practitioners from other Financial Advisers.

About IIJT

Indian Institute of Job Training [IIJT] is one of India’s largest and leading vocational education providers with a capacity of over 1 lakh concurrent students in courses. Started in 2006, IIJT is the fastest growing educational brand in the country with over 120 centers across the country. IIJT offers short term and long term courses in the areas of Finance, Information Technology, Retail and Sales & Marketing. The TeamLease and IIJT strategic alliance aims to help bridge the employability gap and support the industry’s demand for skilled manpower.