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Comparison between Challenge Status & Regular Pathway

Challenge Status Pathway Number of Exams Only one Examination Advanced Financial Planning. Regular Pathway All Five Examinations : 1 To 5 Registration fees: Total Fees: Rs. 24719.20/ [Rs. 19101/- (Registration fees to be paid to FPSB India)] [Rs. 5618/- (Examination fees to be paid to NSE India)] [Rs. 3000/- for study material (Optional)] Rs. 11236

Examination fees (1-4): Rs . 2247.20/Examination fees (5): Rs . 5618/Study Material: Rs. 3000/Additional Fees: Training fees as per the charges quoted by the Authorized Education Provider.

Curriculum Fees

Education Requirements

1. Chartered Accountant (CA) / Intermediate level from Institute of Chartered Accountants of India (ICAI) 2. Chartered Financial Analyst (CFA) from CFA Institute, USA 3. Cost Accountant (ICWA) from the Institute of Cost and Works Accountants of India (ICWAI) 4. Certified Associate of Indian Institute of Bankers (CAIIB) 5. PhD./ M.Phil / Post Graduate in Economics, Econometrics, Statistics, Commerce, Mathematics, Finance, 6. Management*, Financial Planning/ Advising, Investment (or any other similar discipline) 7. LLB (Law) or equivalent 8. PGDFA from Indian Institute of Banking and Finance (IIBF) 9. Licentiate/Associate/ Fellowship of Life Insurance from Insurance Institute of India 10. Actuary from Institute of Actuaries of India 11. Civil Service Examinations by Union Public Service Commission (UPSC) 12. Company Secretary from Institute of Company Secretaries of India (ICSI). 13. Fellow, Financial Services Institute (FFSI) / Fellow, Life Management Institute (FLMI) from LOMA

10+2 or equivalent with a professional course. Examinations can be taken after the 2 months of registration for the Education Program, offered by FPSB Indias Authorized Education Provider or Self Study mode.

Comparison between Challenge Status & Regular Pathway (contd.)


Challenge Status Pathway
Number of years Work Experience

Regular Pathway

S. No

Employment Background

Experience Requirements

Same as Challenge Status


1. 2. 3. Job In Financial Institution Self Employed in finance Other Sector but Finance Profile 3 years 3 years 5 years

Submission of Work Exp. Documents

Relevant work experience certificates have to be submitted prior to Challenge Status registration.

Relevant work experience certificates can be submitted after completing the CFPCM Certification Program successfully.

Frequency of Exams

Only 5th Exam required to clear CFPCM certification program which is held online every day in 72 cities approximately.

Have to attempt five Exams i.e. Exam1-5 which are held online every day in 72 cities approximately.

Mode of Education

Available through the Distance Learning program/Online/Classroom Learning platforms.

Available through Distance / Online / Classroom Learning platforms.

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