A Study on Personal Financial Planning Profession in Andhra Pradesh
Keywords:
Personal Financial Planning Profession, Economy, Andhra PradeshAbstract
Personal Financial Planning Profession has grown substantially in recent years owing to a number of reasons, particularly in India. Being one of the most promising developing countries, India has shown rapid growth in per capita income and purchasing power of people. This has given rise to a need for professionals to manage their personal financial planning. This study aims to explore the prevalence and position of the personal financial planning profession specifically in the state of Andhra Pradesh. The qualitative method of data using interviews was used to understand the career prospects, features of the job, challenges and the need for personal financial planning professionals within Andhra Pradesh state. The need for personal financial planning professionals in Andhra Pradesh was explored. The findings of this study indicate that career in the personal financial planning profession in the state of Andhra Pradesh and India is full of challenges of growing markets; however, the career promises features of a high growth prospect job in the economy.
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