If there is one field of career in India that has not been affected by the global economic recession, it is that of financial planning. Anyone who has a little deeper insight into India's economy knows that global financial crisis that has seriously hampered the world economy since 2008, still has its effects on Indian economy as well. But, though somewhat ironically, the crisis in the domain of finance-or at least a real threat of the crisis to appear anytime-has paved a flowery way for career aspirants in the field of financial planning.
The more the financiers feel uncertainty, the more they tend to seek better financial planning. This is the secret behind the overgrowing popularity of CFP training.
Is the Threat Real?
Do you doubt there is any real threat of recession? You may, but for those whose millions of rupees are at stake are already aware of the real situation. As per the data just released, the overall growth performance has been unexpectedly poor in India in the last quarter. The manufacturing sector has particularly performed poor-the growth rate in this sector has been as dismal as 5.3 percent. Though this figure is not so poor when compared with the world's large economies, it is by all means disappointing for ambitious Indian economy.
Basing on this real challenging picture, the scope for any ambitious and efficient financial planner is wide. It is the time that Indian intellect has to show its potential in fighting the recession and thereby to show the road to success to entire world. Financial planning is a bright field engrossed with challenges as well as possibilities.
This is the reason why youth in great numbers are seeking career in this field. More and more students are tending to opt for finance as their specialization niche in their business administration courses. Moreover, there are some uniquely designed courses for people seeking career in the challenging field of finance. The courses offered at ICFP, are include post graduation program in Financial Planning, MBA in Financial Analysis incorporating the American cfa, and so on. These courses are designed to serve specific requirements of people with different backgrounds and exposure to financial world.
Tailored Approach of Institutes
The institutes that glow at these times of apparent recession have been intelligent enough to avoid cut the feet to befit shoes. They have tailored the courses to address the varying needs of people. If you are already employed in some financial institution and want to sharpen your skills by a wider exposure and exercises alongside a precise grip on the basicsyou have a unique course for you. On the other hand, if you are a raw stuff for the financial instructors, you are also welcome.
Challenges Coupled With Rewards
The challenge is enormous in financial world. This is no exaggeration, but reality. There are principles and rules that govern the market and growth in industry and services. But these rules are the most fragile at the time of crisis. It was not out of any silly blunders on the part American financiers that they fell overnight in 2008 and onwards. They were as cautious as everand as vigilant as ever-but they eventually failed to foresee their fates through the flow of the events in the real estate and mortgage sectors. And the bubble of virtual financial growth abruptly burst!
Indian people too cannot be free of such sequences. What does it call for? It calls for sharp and potent young brains to take up the challenge, the enormous and critical challenge to save the fate of entrepreneurs and Indian economy.
But, if you have the guts to immaculately combine your theoretical knowledge with practical situations having innumerable variable to amaze you all the times, you are paid for this skilllucratively!
The growth prospects for your career in the niche filed of financial planning know no practical limits. The field demands focused and pragmatic solutions to real challenges, but embraces those with potential and a fine vision in financial matters with fabulous success in life. When are you going to look for a CFP institute that will help you to broaden your horizons in the slackening economy?
Impending Recession Calls for a Basic Planning
The matter of the fact is that planning is always fruitful in any business. But it becomes even more important in the times of recession. A greater care is required while drawing a plan to counterbalance the impending threats associated with recession.