“Workshop on Financial Planning as a Career”

 10^th April, 2024 (Wednesday)

11:00 AM to 1:00 PM

Organised by: Maharishi School of Business Management, Noida

Objective of the Workshop: The workshop aimed to provide participants with practical knowledge and strategies to effectively plan and manage their finances, ultimately paving the way for a secure financial future.

Participating Students: MBA, BBA and B.Com students were the primary attendees of the workshop.

The Maharishi School of Business Management, Noida, in collaboration with Bajaj Capital under IQAC organized a workshop on the theme "Financial Planning as a Career" on April 10, 2024 (Wednesday) in the auditorium at MUIT, Noida Campus.

The speakers of the workshop were Mr. Anurag Rana, Senior Manager, FPSB India, Speaker from FPSB board and Mr. Rishi Narang, Academic Head in International College of Financial Planning (ICOFP), who has over 15 years of experience in investment research and advisory. The workshop commenced with the felicitation of the guest speakers by Prof. (Dr.) Smita Mishra ma’am (Dean, SOBM) and Dr. Aditya Yadav (Deputy Dean, SOBM).

The first speaker, Mr. Anurag Rana, enlightened the students with the fundamentals of financial planning and its importance in achieving financial stability. He then discussed in detail how to identify personal financial goals and developing a roadmap to achieve them. He provided insights into the key concepts of budgeting, saving and investing so that students could optimize financial resources, investigate different investment alternatives, and comprehend the risks and benefits of each.

The next speaker, Mr. Rishi Narang, provided valuable insights about the CFP designation. He informed the students that Certified Financial Planner (CFP) designation is globally recognized as the gold standard in financial planning and CFP professionals are equipped with the knowledge, skills, and ethics to provide holistic financial advice and guide individuals, families, and businesses toward achieving their financial goals. He guided them that CFP professionals demonstrate expertise in areas such as financial planning, investment management, retirement planning, tax planning, estate planning, and risk management. He added that becoming a Certified Financial Planner (CFP) offers professionals the opportunity to demonstrate expertise, enhance credibility, and provide holistic financial advice to clients, fostering trust and confidence in the advisor-client relationship. He discussed that the pathway to becoming a Certified Financial Planner (CFP) involves completing rigorous education, passing a comprehensive examination, acquiring relevant work experience, adhering to ethical standards, and achieving certification from the CFP Board.

The workshop concluded with an interactive Q&A session, which helped the students to express their opinions and clear their doubts promoting discussions among the participants.

Overall, the workshop provided students with invaluable insights into the dynamic and rewarding field of financial planning. Through discussions, presentations, and interactive activities, the students gained a deeper understanding of the opportunities and challenges associated with pursuing a career in financial planning. Throughout the workshop, the students explored essential concepts such as budgeting, saving, investing, and retirement planning, gaining practical knowledge and skills to help achieve their financial goals. The students were equipped with the tools and insights necessary to embark on a rewarding career path and secure their financial future with confidence and peace of mind.