NCFM vs CFP – Essential Differences you must know

NCFM vs CFP – Know The Difference. Confused about which certification to choose? Do not worry; Let us help you decode each and every course step by step to help you decide which one is beneficial for you. In this article, we compare NCFM exam with the CFP examination.

The article is articulated in this order:

  1. NCFM vs CFP Infographics
  2. What is NCFM?
  3. What is Certified Financial Planner (CFP)?
  4. NCFM vs CFP Exam Requirements
  5. Why pursue NCFM?
  6. Why pursue CFP?

NCFM vs CFP Infographics

Reading time : 90 seconds

Lets understand the difference between these two streams with the help of this NCFM vs CFP Infographics.

NCFM vs CFP infographics

What is NCFM?

The NCFM is a certification program for those individuals who wish to learn the fundamentals of the capital markets in order to make their career in the financial markets in India. The certified course is necessary according to the regulations of the industry, if one is keen to be a part of the financial markets. The course provides a basic understanding of the concepts related to the different sections of the investment segment, the primary and the secondary markets, derivatives market and the financial statement analysis. The course comprises of theory as well as practical application lessons with a wide range of perspective. The NCFM program training is conducted by the in house faculty of reliance Leap /IDBI INteq / PIFM/. The candidates in order to qualify require about 30 hours of intervention before they embark upon to give the online test of National Stock Exchange and get the NCFM certificate.

What is CFP?

CFP or Certified Financial Planner is a certificate course for financial planners who are looking to specialize in the strategic financial planning or advisory role in the financial services industry. The certificate is conferred upon by the Certified Financial Planner Board of Standards (CFP Board) in the United States and by its affiliated body FPBS in India. CFP is a mark of excellence, recognized and respected worldwide by the financial professionals. The course is designed to meet the stringent standards of education, examination, experience and ethics to ensure that the individuals certified win the trust of employees and have plethora of opportunities waiting for them after completing the course.

NCFM vs CFP Exam Requirements


No specific age or qualification is required for taking the certification examination. Computer literacy will be an added advantage considering the test is completely online based. The following persons are eligible to take the NCFM Certification Examination:

  1. All approved users and sales personnel of trading members of recognized stock exchanges
  2. Interested students/professionals
  3. Any other individuals

A candidate once registered in the NCFM program, can take as many modules and number of attempts as desired by paying the Enrollment Fees for every attempt.


The candidates must fulfill the 4E criteria to be certified as a CFP.

  1. Education
  2. Examination
  3. Ethics
  4. Experience

The minimum eligibility criterion for the CFP course is a graduate or bachelor’s degree or higher degree with a working knowledge of the financial planning practices prevalent in the industry.

Why pursue NCFM?

NCFM is considered as a minimum benchmark course for individuals who are serious in pursuing their career in the financial industry. Employers ensure that the candidates who apply for jobs relevant to them have at least passed out the NCFM program, as it provides basic knowledge and understanding of the financial markets. The NCFM is an extremely easy exam to crack as well as cost effective and achieving it only adds to your merit in the resume. The certificate also depicts the candidate’s keenness to lap information and knowledge related to their field despite not finding any high favor with the employers unlike the reputed certificate programs like CFA and FRM.

Why Pursue CFP?

CFP is the highest level of certification for a professional aiming to carve a niche in the financial industry and is appreciated worldwide by professionals as well as consumers. The certificate has been awarded the Gold Standard Award by the Wall Street Journals which speaks volume of its credibility.  The CFP candidates are remunerated with attractive salaries in industries such as investments, insurance, tax, retirement & real estate.

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