What are the disadvantages of training as a financial planner with a Federal Diploma of Higher Education?

Financial planner training with a Federal Diploma of Higher Education qualifies them to advise and support private households in financial planning matters. In addition to holistic financial planning for private individuals (with gainful employment) over the entire life cycle, they are also familiar with pension planning, holistic asset and debt balances, asset accumulation and taxes.

The main disadvantages of the Federal Diploma of Higher Education in Financial Planning are:

  1. As financial planner training is usually part-time, it is very time-consuming and restricts your free time. However, the modular structure and the intermediate degree "Diplom Finanzberater/Finanzberaterin IAF" allow for a certain degree of flexibility.
  2. However, the time for completing the individual modules of the Financial Planner with Federal Diploma of Higher Education course is not unlimited, as the individual module qualifications are only valid for 32 months.
  3. The Federal Diploma of Higher Education is not recognized abroad. Anyone wishing to work in financial planning abroad must therefore obtain official confirmation of this professional qualification from the State Secretariat for Education, Research, and Innovation SERI in order to be able to prove their skills.
  4. The examination pressure at the annual Federal Diploma of Higher Education examinations for financial planners is high, which can be disadvantageous for people with examination anxiety. However, the training prepares you specifically for this.

 

Graduates are well versed in the areas of wealth formation, pensions (personal and social insurance), insurance (property and asset insurance) and real estate/financing. Financial planners with a Federal Diploma of Higher Education work in banks and insurance companies - together with economic experts, financial analysts and asset managers. However, self-employment is also possible with this qualification.

Training provider for financial planner training with Federal Diploma of Higher Education