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According to Anitha
Guruswamy, the faculty at Indian Institute of Management, Bangalore, for
specialised course in Financial Management, says, "About one third of
IIMB graduates join the financial services sector with many
international placements.
font class="text" IIMB has a strong association with regulators, stock exchanges,
financial intermediary institutions and institutions providing
technology and software to financial markets and institutions. The
Institute has set up a Centre for Financial Markets and Institutions (CFMI)
to carry out cutting-edge research and offer specialized programmes and
training to meet the increasingly sophisticated demands of the financial
sector."
The Global Finance
Information System Centre, a part of Oracle in Bangalore, has a team of
100-plus management graduates and CAs to do all the number-crunching for
global operations in more than 60 countries. This centre is also a part
of the company's shared services initiative spread across US, Australia
and Ireland. "We decided to have a base in India as there is an
abundance of talent and skill here. It is possible in India to scale in
huge numbers," Pravin Chand, Director (Finance), Oracle India, points
out. "When we called for applications for our centre, we got about 9,000
resumes," he says.
Few designations
offered in Financial Service providers and the details about the job
profile: -
Certified Financial
Planner (CFP): Just as people seek medical advice or legal advice,
people are increasingly seeking financial advice. A financial planner
needs to have the skill of an accountant, tax advisor, mutual fund
agent, insurance agent, stock broker, and portfolio manager. He is like
the Medical General Practitioner or GP, as he is known. He looks at the
whole financial picture. The Certified Financial Planner education
programme was created in 1972 by the Denver-based College for Financial
Planning. The CFP certification is administered globally by Financial
Planning Standard Board and by Certified Financial Boards of Standards
in the US and its territories.
Today, organisations in
20 countries are offering CFP certificants. India became a CFP council
member in 2001. There are more than 1,00,000 CFP certificants in
Australia, Austria, Belgium, Bermuda, Brazil, Canada, France, Germany,
Hong Kong, Japan, Malaysia, New Zealand, Republic of Korea, Singapore,
South Africa, Switzerland, UK and USA.
In India, the CFP
programme is conducted by Financial Planning Standards Board, India. CFP
certification is a mark of excellence granted to individuals who meet
stringent standards of education, examination, experience and ethics. It
is an internationally accepted financial planning qualification
recognised by the global financial community. The International College
of Financial Planning is offering Certified Financial Planner (CFP) and
Certification Education Programme in distance-learning mode.
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