Wealth Management: Fees, Admission 2023, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Wealth Management course helps in acquiring knowledge, skills, morals and mindset which are necessary to perform responsibly and ethically in a financial firm. One of the important reflections of the economy is its financial system. Today, in the Banking, Finance and Insurance sector, wealth management has become one of the highly compensated and respectable occupations in India. Financial advisors or wealth managers have emerged to be the experts who are working as professionals, entrepreneurs or other investment advisory firms. To enable such expertise, a wealth management course in India helps in attaining knowledge, skills, morals and mindset which are necessary to perform responsibly and ethically in a financial firm. The course helps the candidates in acquiring the concepts, essential terms, principles and theories of wealth management. Read this complete article to know the eligibility criteria, courses, colleges and career prospects of the Wealth Management Course.   

Also Read:

• All About Banking, Finance and Insurance Sectors 
• Details of Finance Course

Certificate in Wealth Management Highlights

Scroll down to the highlights to know more details about the Wealth Management courses including eligibility criteria, syllabus, top colleges, career prospects, salary, and more.

Wealth Management Highlights
Course Level	Certificate, UG Diploma, PG Diploma, UG, PG
Mode of Study	Offline, online Full-time, part-time
Course Duration	Certificate: 6 months- 1 year UG Diploma/PG Diploma: 1 year UG: 3 years PG: 2 years
Eligibility	Certificate: Class 12 or Graduation UG Diploma: Class 12 PG Diploma: Graduation PG: Graduation
Admission process	Merit-based / Entrance-based
Course Fees	10 K- 50 K
Top Colleges	EduKart. Com, ICAI, BSE Institute Limited, CRISIL Ltd
Average Salary	3-7 LPA
Top Recruiters	Kotak Mahindra Bank, HSBC Electronic Data Processing India Pvt. Ltd., Reliance ADAG, Barclays Bank PLC, Bajaj Capital Ltd.
Top Entrance Exams	CMAT, MAT, XAT
Job Positions	Portfolio Manager, Financial Analyst, Financial Advisor, Wealth Manager, Relationship Manager

Also Read:Top Colleges offering Certificate in Wealth Management

All About Wealth Management

Wealth Management is a broad financial planning and investment advice service that assists people and families in growing, preserving, and managing their money. It consists of a variety of financial services, techniques, and tools targeted at improving an individual's or family's financial condition and accomplishing financial goals. Wealth managers start by evaluating a client's existing financial condition, which includes income, expenses, assets, liabilities, and ambitions. They develop a personalized financial plan outlining short- and long-term financial goals such as retirement planning, education funding, estate preparation, and tax optimization.

Why pursue Wealth Management?

Assessing and managing various financial risks is part of wealth management. money managers use techniques such as insurance and asset allocation to help customers protect their money against market volatility, inflation, longevity risk (outliving savings), and unforeseen catastrophes.Estate planning is an essential component of asset management. It ensures that an individual's assets are transferred in accordance with their desires at death, while reducing taxes and administrative expenditures.Wealth managers support clients in retirement planning by evaluating future income needs, selecting appropriate retirement accounts, and designing strategies to meet retirement objectives.

Also Read:Top Colleges offering Certificate in Wealth Management

Who can pursue Wealth Management?

Individuals and families with a specific degree of wealth and financial assets to manage are often eligible for wealth management services. Individuals with a high net worth have significant financial holdings, generally exceeding a million dollars in liquid assets. They frequently seek wealth management services to assist them in growing and preserving their fortune.Individuals or families with big assets may have significant retirement funds, real estate holdings, or investment portfolios. They may seek wealth management to improve the efficiency of their financial strategy.Successful entrepreneurs and business owners frequently require wealth management to diversify their assets, plan for business succession, and manage the earnings from the sale of their businesses.

Wealth Management Course Eligibility Criteria 

Candidates must fulfill the prescribed eligibility criteria before taking admission  

Eligibility Criteria for Wealth Management Courses
Diploma	Candidates who passed the 10th class/equivalent from any recognized institute/board are eligible to apply.
UG	Candidates can obtain admission to the UG diploma on a merit basis. For instance, the Colleges of Delhi University grants admission to candidates on the basis of cutoff. The cutoff list is prepared on the basis of the candidate’s score in the 12th boards.
PG	Candidates must have completed BCom/BBA/BBS/BA in Economics in any one of the subjects with a minimum of 60% in aggregate to qualify for the admission process.   Candidate must have completed Bachelor’s degree or equivalent with a minimum of 50% marks in aggregate in any discipline.*   Candidate must have obtained valid score in national/state level entrance exams- CAT/ GMAT/ CMAT/ ATMA/ MAT/ XAT/ IMI test score. *

*Candidates must note that the eligibility criteria may vary from institute to institute. Individuals must check the official website of the college/university they desire to take admission in. Colleges like IMI, ISB, IIMP accepts CAT/GMAT/MAT/XAT score for admission. While some institutes grant direct admission on a merit basis.

Also Read: Forex Management 

Wealth Management Entrance Exams

Some of the common entrance tests that allow admission to students in Wealth Management courses are: 

Entrance Exams	Exam Dates	Exam Schedule
NMAT	10 Oct '23 - 19 Dec '23	NMAT Schedule
SNAP	10 Dec '23 - 10 Jan '24	SNAP Schedule
XAT	7 Jan '24	XAT Schedule
MAT	Sep '24 (Tentative)	MAT Schedule
CAT	Nov '24 (Tentative)	CAT Schedule

Also Read: List of all MBA entrance exams

Wealth Management Syllabus 

Candidates can check the syllabus for wealth management courses at different levels in the table below.  

Wealth MAnagement Syllabus
UG Diploma in Wealth Management	Environmental Science  Financial Accounting  Managerial Economics  Statistics for Business Decision  Cost and Management Accounting  Income Tax  Corporate Finance  Financial Markets and Institutions  Macro Economics  Quantitative Techniques  Financial Econometrics  Investment Analysis and Portfolio Management  Financial Derivatives
PG Diploma in Wealth Management	Bank Management  Financial Reporting & Analysis  Financial Institutions & Financial Markets   Financial Management  Fintech  Financial Derivatives  Investment Management  Financial Services  Management of Financial Services  Risk Management  Funds Management in Banking and Insurance Sectors  Securities Market Operations  Operations Research  Managerial Accounting  Financial Decision Making

Top Colleges for Wealth Management

Around 43 colleges offer courses in Wealth Management in various levels such as UG Certificae, PG Certificate, MBA, PG Diploma and Diploma after 10th. It includes various private colleges and a handful of government colleges. The institutes mentioned in the table are listed alphabetically and not in any order of ranking hierarchy. Here are some of the Wealth Management colleges in India:

Institute	Total Course Fees in INR
BSE Institute	22 K
Chinmaya Vishwa Vidyapeeth	1.8 lakh
Chitkara Business School	6.6 lakh
IMS Proschool	50 K
MIT School of Distance Education	27 K
National Stock Exchange	1.7- 1.9 lakh
PP Savani University	1.5- 1.9 lakh
RV University	5.4 lakh
Swami Vivekanand Subharti University	93.5 K
UPES	9.8 lakh

Also Read: Top Wealth Management Colleges in India

Wealth Management Career, Scope and Top Job Profiles

Specific tasks and responsibilities may differ based on the employer and the clientele served. Successful wealth management professionals often have good interpersonal skills, financial acumen, and a dedication to assisting customers in achieving their financial objectives. The popular job profiles are:

Job Role	Job Description	Average CTC (per year)
Product Manager	Product managers oversee the product line budgets and make important financial decisions. They report on their performance to the product director of the organisation. They can also develop training materials, and sales strategies, and develop effective product plans in order to increase overall sales. They cooperate with other departments in their organisation to achieve common company objectives.	INR 13 lakh
Relationship Manager	Relationship managers are responsible for the acquisition of commercial banking clients and maintaining relationships with existing clients.	INR 4 lakh
Portfolio Manager	A portfolio Manager is a financial professional who is responsible for investing money. They also handle the products like mutual funds. The portfolio manager has massive experience in assets management and investment.	INR 10 lakh
Equity Analyst	Equity analysts manage the upside/down price targets with the portfolio manager. Equity Analysts perform technical analysis, volume trends, short interests, liquidity analysis, and so forth.	INR 4 lakh
Independent Financial Advisor	Financial advisors work with individual or institutional clients to assess their financial needs or help such as choosing investments, setting short-term or long terms goals and so forth.	INR 4 lakh

*Salary data in the table above has been obtained from Payscale.com 

Wealth Management Top Recruiters 

Some of the top recruiters for candidates having obtained wealth management degree/certification at low, mid or high level are mentioned below: 

Wealth Management Top Recruiters
Barclays Bank PLC	Bajaj Capital Ltd.
HSBC Electronic Data Processing India Pvt. Ltd.	Reliance ADAG
Kotak Mahindra Bank	Mercer LLC
ICICI Securities Limited	UBS
Bank of America Corporation	Envestnet

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• Popular Colleges

Following are the most popular Wealth Management Colleges in India. Learn more about these Wealth Management colleges (Courses, Reviews, Answers & more) by downloading the Brochure.

Following are the most popular Wealth Management UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

Following are the most popular Wealth Management PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

Following are the top exams for Wealth Management. Students interested in pursuing a career on Wealth Management, generally take these important exams.You can also download the exam guide to get more insights.