What is wealth management?
Wealth management as a profession has a growing demand. It is the process of planning, structuring and managing an individual’s wealth and assets by providing appropriate financial products and services. It is an all-encompassing field which deals with financial planning, markets and investments and performance monitoring in line with the market performance along with other allied activities.
- Services offered by wealth managers may include, but are not limited to:
- Investment management and advice, including retirement planning
- Legal and estate planning.
- Accounting and tax services
- Examination of health care and social security benefits
- Help with starting or selling a business
Why wealth management as a career?
- Become advisors to accomplished people
- High paying professional career
- Very high demand in the near future
- Your first step into the billionaires club
- The open market policies of the government and RBI has opened up wealth management as an exciting profession. The target market is as big as ~25% of the adult population.
- Remain tuned with changing dynamics of the economy to identify the next big opportunity
Please tell me more about OAWA?
OAWA is an online education academy founded in 2021 by accomplished investment and legal professionals to serve as a platform to help learners expand their horizons through life-changing learning experiences.
At OAWA, we believe that the right knowledge delivered at the right time to the right mind can be the first step to staying a step ahead in life. We are determined to curate courses that will help students and professionals sharpen their skills and make it in today’s world. OAWA offers wealth management courses with duration from weekend to six months.
- The course content is curated by some of the best & experienced minds in the financial sector.
- Live sessions conducted by distinguished faculty members from premier institutions
- Guest lectures by industry leaders
- Fieldwork and client interaction
- Soft skills training imparted by industry-acclaimed trainers (tuned for wealth managers)
Who can apply for the courses?
An individual who wants to learn the exciting world of wealth management and/or build a career in the promising field of wealth management. The individual can be a final year student, a graduate or post-graduate or a profession from across any stream.
When can I apply for the course?
The admissions for the batch commencing from Oct’21 is going on. Please fill the form “Apply Now” on the website to start the process.
When does the course begin?
Please call on 080 6886 2300 and speak with an academic counsellor for details of the batch commencement.
What is the selection process?
Program in Wealth Management
- An interested candidate needs to fill up the “Apply Now” form on the site
- Thereafter an Academic Counselling team member will call and seek additional necessary information
- OAWA’s Admission office will then vet the application
- The shortlisted candidates will be invited for a discussion over a video call with the Course Director
- For Essentials of Wealth Creation, Advance Certificate in Wealth Advisory, and Wealth Master-Workshops kindly register on the site and use the payment link https://www.oawa.in/course/register-now.php to block your seat. There are limited seats in every batch.
How does one get into the course?
Please do call at 80977 53959 or 80 6886 2300 or fill the “Apply Now” form on the website to start the application procedure.
Is there an option of scholarship for students?
OAWA Academy has a provision to provide full or partial scholarships to its students. The scholarship is available to meritorious and deserving students basis their application, past academic record and financial need. The students need to apply to the scholarship screening committee.
Who is eligible to apply for the scholarship program?
The scholarship will be granted on the basis of academic merit and financial need. The applicant who has received a firm offer and desirous of a scholarship needs to apply at email@example.com with all the past academic records and any other document they feel which justify the application. The scholarship committee will screen all applicants basis the information available.
What is the duration of this Program?
|Program in Wealth Management- Flagship Program||Six months|
|Advance Certificate in Wealth Advisory||Three months|
|Essentials of Wealth Creation||Six weeks|
|Wealth Master - Workshops||Weekend|
Do you think six months is sufficient to learn Wealth Management?
The Program covers all the critical elements necessary to be a wealth manager. The learner will have access to intensive learning materials, including e-learning, live faculty sessions, textbooks, wealth management playbook, learner helpdesk, and guest lectures by industry professionals. The learning journey has been created to enable the student to learn the technical knowledge through a blend of theory and use cases and the soft skills necessary to be a successful wealth manager.
How would it compare with an MBA in Finance?
This Program is an intensive six-month program targeted to learners looking to enter the industry as a Wealth Manager. This program is also ideal for an existing professional looking to upskill, or a professional looking for a career reboot. A typical MBA is a two-year course covering general management in the first year and then specialisation in the second year.
Can it be pursued while working?
Yes. The weekend sessions will be suitable for working professionals.
When will the classes be held?
The batch will be split into two sections. There will be a section wherein the classes will be held on weekdays and the classes for the other section will be held on weekends. The Academy will attempt to allot classes as per the learners preference.
What’s the duration of every class?
The learners who select the classes over weekdays have to attend a 90mins class every day from Monday-Friday. The learners who select the classes over weekends need to attend a 210min class on Saturday and Sunday. The classes on the weekdays will be held in the morning and also in the evening. The learner is free to join the class of their choice. The weekend classes are for the convenience of the working professionals or any learner who is preoccupied on weekdays.
Can someone with no background in Finance apply for this course?
This course requires no prior knowledge or experience in Finance. Students and professionals from any discipline can apply for this course. The course begins from the basics of Finance and economic theories and builds on them with use cases, theory and requisite practical exposure.
What is the duration of each module?
The duration of the module will vary as per the topic.
Can someone skip few modules if they have prior knowledge and wants to straight take the monthly assessment?
Every learner is expected to attend the classes and complete the modules even if they have prior knowledge of a particular module.
Will extra classes be provided if someone needs assistance?
The learning journey of the program has been designed to meet the requirements of varied students. Along with live classes, the students will have access to the knowledge pool through content, textbook, and e-library. The students are also encouraged to set up sessions with the faculty and teaching associates post their classes.
Can someone pick and choose some module and take training in that?
All students enrolling in the Programme have to complete the entire course. The learner needs to successfully clear all the assessments(both monthly and the terminal), upon which the certificate will be awarded.
Are these modules developed in-house or collated from the public domain?
These modules have been curated by acclaimed academicians, industry professionals, and research scholars. The content encompasses all the facets of wealth management and has been variedly sourced and written by OAWA academicians.
What do you mean by soft skill?
The soft-skills training, will form the differentiator when the learner enters the industry. It will be delivered by seasoned acclaimed trainers who have been providing similar training to senior corporate executives. The training will cover multiple facets of interpersonal skills covering communication, etiquette, public speaking, presentation skills, relationship management, negotiations, sales closure, and the art of influencing. The training exposure will last a lifetime.
How essential is the Soft skill training?
Soft skills training is an essential element in the entire course curriculum. The skills learned will be tested when out in the field. There will be multiple modules in the soft skills section and will be spaced over 30 hours of in-class training.
Will there be assessment in soft skills?
Yes, there will be periodic assessments throughout the program. The soft skills trainers will be conducting select assessments.
What do you mean by client acquisition?
Client acquisition means onboarding a client to avail the services of a wealth manager.
What kind of on the field training would you provide?
The course requires the students to engage with real investors through surveys and strategy presentations. This will ensure that the learners can familiarise the with wealth management concepts and real-life soft skills in front of a potential investor.
Which cities are offering this course?
This is an online course. This enables everyone across any location across the country with a laptop, PC, smartphone, or pad to access the program. A laptop is preferred over other devices. This will enable the learner to download the reading materials and upload the coursework. The most significant benefit of live online classes is that students from faraway locations can now enrol for this program conducted by acclaimed faculties.
Is this online class with teachers taking live classes?
Yes, there will be faculty comprising distinguished teachers taking live classes as per the schedule. This ensures that all the relevant concepts are explained in the class and post-class doubt clearing sessions. This will ensure that the merits of traditional learning are imbibed along with the new age online tools.
How is this different from Udemy?
This program is a synchronized lesson wherein live classes will be held by faculty with the use of intensive course material, including immersive e-learning materials. The students get to interact as if like a natural college environment and get to work on a multitude of activities in the form of a wealth management playbook assisted by the faculty and teaching assistants and the program coordinator. They will also have the opportunity to express their leanings by writing blogs, journals, and presentations. The learners will also receive real-life case studies to solve and hear from industry stalwarts. Post completion, the alumni network of the academy will keep everyone connected as we progress onwards in our careers.
Is there any other comparable course?
This is an unique program in which brings out the best in a student as they set out on the path of becoming a wealth manager. There are no program in India specific on wealth management which has live sessions with faculty, alongwith practical application. The course also imbibes software application which helps the students to understand all the asset classes in the form of a comprehensive portfolio in a simulated environment.
Can you give an idea on quality of faculty?
The faculty for every module in the program are acclaimed academicians with an average experience of over 25 years. They have in-depth knowledge in their field of expertise with high degree of proficiency. Apart from the knowledge sessions the faculties will also conduct practical application sessions in order to make the learning interactive. In addition the students will have regular interactions with industry professionals.
What’s the professional and academic background and specialisation of the guest faculty?
The guest faculty will comprise distinguished members from the Industry and academic world.
How much commitment in terms of time is required for the Flagship six months Program in Wealth Management?
The 150 hours in-class sessions over six months will require a time commitment of either 90 mins on weekdays or 210 mins on weekends. The students can choose the class either on a weekday or on the weekend. The learners will be under the guidance of the teaching staff, ensuring timely completion of the coursework and preparation for the assignments.
Is there a possibility of one-on-one student faculty interaction?
Yes, there will be an option available to the students for interacting with faculty on a one-on-one basis. The students need to reach out to the faculty and set up a predefined timeslot for the same. The students are encouraged to use this option judiciously since the faculty needs to apportion the time. The students are always welcome to reach out to the faculty in smaller groups and more frequently.
You mentioned about local and international hiring - Is OAWA offering placement?
The academy will assist the students in their endeavour to be placed in the industry. The assistance will primarily be towards locating potential job opportunities in the industry and firms. As part of the learning journey, the Academy will also ensure suitable training for the candidates preparing for prospective job interviews.
What would be the key qualities that a good wealth management firm look for at the time of hiring?
In the industry, the critical skill that wealth management firms look for in new hires is acquiring and service clients. The wealth manager is expected to meet the service requirement of the client in the best possible manner.
What kind of companies can one work with after this course?
Banks, Non-Banking Finance Companies(NBFCs) and Wealth Management companies are the firms that employ Wealth Managers for all their client-related activities.
What is the salary one can expect after this course?
Why hasn’t wealth management gone beyond the top 3% of the population?
Wealth management as a profession has been mostly kept within the family, and so far, just a handful of clients have reached out to seek professional advice. Now, with the expansion of the asset markets across both financial and non-financial segments and the advent of the software industry and the new-age tech companies, there is an apparent emergence of a wealthy population. This additional demand for wealth managers is almost eight times the existing market (source Credit Suisse Global wealth report, Oct’20). Till now, the absence of an industry-relevant curriculum has kept professionals away from promising careers. This has led to a significant gap opening up between demand and supply of wealth managers.
Is there a clear linkage between GDP growth and Wealth?
There is a weak linkage between GDP and Wealth. GDP calculates the income of an economy for the previous year or a period in the past. In contrast, Wealth measures the value of all its assets, including domestic and foreign investments. There can be scenarios where the GDP growth might be weak, but there may be growth in the nation's wealth and vice-versa.
Is the 5 Trillion a credible assumption?
India hit the USD 3.0tn market cap in May’21. The market cap-GDP ratio approach suggests India can attain $ 5 trillion market cap by 2026, if nominal GDP were to grow at an 8% CAGR in USD terms, with a market cap-GDP ratio of 130%.
The earnings growth approach suggest the milestone could be attained by 2027 if listed companies were to post a profit CAGR of 15% with a 3% CAGR depreciation in USD-INR, assuming the current valuation sustains.
What could be the major drivers of the equity market?
The new-age tech companies are underrepresented in the Indian equity market. Currently it is dominated by financials which is 25% Globally new age tech-companies have become dominant and created significant value