What is wealth management?
Wealth management as a profession has a growing demand. It involves planning, structuring and managing an individual's wealth and assets by providing appropriate financial products and services. It is an all-encompassing field involving financial planning, understanding markets and investments, monitoring investment performance, and 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
Why wealth management as a career?
- High paying professional career
- High in demand (The open market policies of the government and RBI have opened up wealth management as an exciting profession. The target market is as big as ~25% of the adult population)
- Become advisors to accomplished people
- Your first step into the billionaires club
- Remain tuned with changing dynamics of the economy
Please tell me more about OAWA
OAWA is an online education academy managed and advised by investment professionals and academicians. OAWA offers educational programs on wealth, finance and investments for all learners, from teenagers to working executives.
The programs offered are for:
- Building a career in wealth management
- Or upskilling financial knowledge as a life skill
- Comprehensive course curriculum, which is practical oriented
- Learn complex concepts in a simple manner
- Live classes, along with self-paced learning
- Post-session, stay connected with the faculty (to clear your doubts)
- Special sessions are conducted for any doubt clearing
- Learners can participate in discussion forums
- Access to e-library
- Learners can refer to the recording of the live classes
- Practical case studies curated by Investment professionals
- The learners are invited to attend Master Class sessions and Fireside chats by Industry leaders (ask questions directly)
- Discover finance as an income-generating tool
- Learn the practical way from specialists and industry practitioners
- A unique blend of fundamentals, technical and soft-skill (including Professional, persuasive and interpersonal communication)
- Placement assistance
- Alumni networking
Who can apply for the courses?
|Background of learners||Reason for application|
|School students (class VIII onwards)||Learn money management as a life skill|
|Young graduates and post-graduates||looking to start a career|
|Executives||Looking to upskill|
|College students||Learn finance the practical way, preparing for internship and resume building|
Please select an appropriate program depending on your background
When can I apply for the course?
The programs do get launched periodically. Kindly refer to the website for the exact start date.
When does the course begin?
• Please call +080 4680 0970 and speak with an academic counsellor for details of the batch commencement.
What is the eligibility criteria?
|Young Money Managers||Grade 8 upwards|
|Essentials of Money Management||First-year upwards|
|Advanced Program in Finance and Wealth Advisory||Graduates and upwards (with a background in finance/commerce/economics)|
|Program in Wealth Management||Graduates and upwards (any stream)|
How does one get into the course?
Please call +080 4680 0970 or fill out the "Apply Now" form on the website to start the application procedure. There are limited seats in every batch.
Is there an option of scholarship for students?
OAWA 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 separately.
Who is eligible to apply for the scholarship program?
The scholarship will be granted based on academic merit and financial need. The applicant who has received a firm offer and is desirous of a scholarship must apply at email@example.com with all the past academic records and any other document they feel justifies the application. The scholarship committee will screen all applicants basis the information available.
What is the duration of this Program?
|Program in Wealth Management (Co-certified by NSE Academy)||Six months|
|Advanced Program in Finance and Wealth Management (Co-certified by NSE Academy)||Three months|
|Essentials of Money Management||Two months|
|Young Money Managers||One month|
Do you think the six-month Program in Wealth Management is sufficient to learn Wealth Management for someone from the general stream?
The Program covers all the critical elements necessary to be a wealth manager. The learner will access intensive learning materials, including e-learning, live faculty sessions, recorded self-learning modules, a wealth management playbook, a learner's 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 the three-month and six-month programs compare with an MBA in Finance?
Both Programs are targeted to learners looking to enter the industry as a Wealth Manager or for upskilling. The three-month program is 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. For working executives, the classes are held either in the evening or weekend. One needs to select appropriate batches.
When will the classes be held?
The classes are held two days a week. It's held in the evening (on weekdays) and mornings (on weekends). Please check with the counsellor for the timetable of your batch. The timetable is subject to change depending on the holiday calendar.
What’s the duration of every class?
The classes are for 60-90 mins, depending on the module. The classes on soft skills may be up to 120 mins
What is the suitability of the programs for an applicant with no prior knowledge of finance/commerce?
|Program||Suitability for someone with no prior knowledge of finance/commerce|
|Young Money Managers||Yes|
|Essentials of Money Management||Yes|
|Advanced Program in Finance and Wealth Advisory (Co-certified by NSE Academy)||-|
|Program in Wealth Management (Co-certified by NSE Academy)||Yes|
What is the duration of each module?
The duration of the modules varies 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. The students will access the knowledge pool through content, reference materials 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?
The learners need to complete the entire course. The certificate will be awarded only on successful completion of the whole Program.
What do you mean by soft skill?
The soft-skills training will be a differentiator when the learner enters the industry. The learning journey will be a combination of activity-based live sessions and self-learning (to be delivered by Deakin Co, Australia). The live sessions will be delivered by acclaimed trainers who have provided similar training to senior corporate executives. Depending on the enrolled Program, the training will cover all or part of the following skills: interpersonal skills, including communication, etiquette, public speaking, presentation skills, relationship management, negotiations, sales closure, and the art of influencing.
How essential is the Soft skill training?
Soft skills training is an essential element in the 3-month and the 6-month duration programs. There will be multiple modules in the soft skills section, and they will be spaced over the entire Program.
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 of the services of a wealth manager.
Which cities are offering this course?
This is an online course. This enables everyone across any location with a laptop, PC, smartphone, or pad and stable wifi to access the Program. A laptop is preferred over other devices. 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 conducting live classes as per the schedule. This ensures that all the relevant concepts are explained in the class and also in post-class doubt-clearing sessions.
How is this different from Udemy?
The Program(s) are synchronised lessons wherein live classes will be held by faculty using intensive course material, including immersive e-learning materials. The students get to interact as if in a 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. They will also be invited at times to express their leanings by writing in blogs and journals and preparing presentations. The learners will also receive real-life case studies to solve and listen to industry stalwarts. Post-completion, everyone remains connected to the alumni network.
What's the profile and background of the faculty?
The faculty for every module in the Program are acclaimed academicians with an average experience of over 20 years. They have in-depth knowledge in their field of expertise with high proficiency. Apart from the knowledge sessions, the faculties will also conduct practical application sessions 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 Programs?
The learners are expected to attend all the classes. There will be two sessions per week of 60-90 mins duration. Apart from the in-class time commitment, the learner will need to spend 2-3 hours per week on self-study.
Is there a possibility of one-on-one student-faculty interaction?
Yes, there will be an option available for the students to interact with faculty one-on-one. 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.
Does OAWA offer placement?
OAWA does provide placement assistance in terms of organising interviews in firms for learners from
- Advanced Program in Finance and Wealth Advisory
- Program in Wealth Management
What would be the key qualities that a good wealth management firm looks for at the time of hiring?
The critical skill wealth management firms look for in new hires is the ability to acquire and service clients.
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?
As per https://www.glassdoor.co.in/index.htm, a wealth manager's national average salary (as of 18th Oct 22) is ~ 6.96 lakhs per annum. The earnings of accomplished wealth managers with some reasonable years of experience can be over a crore of Rupees a year.
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, a wealthy population has emerged with the expansion of the asset markets across both financial and non-financial segments and the advent of the software industry and new-age tech companies. This additional demand for wealth managers is almost eight times the existing market (source Credit Suisse Global wealth report, Oct' 21). Till now, the absence of an industry-relevant curriculum has kept professionals away from promising careers. This has led to a widening gap between the 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 reasonable assumption?
India hit the USD 3.0tn market cap in May '21. The market cap-GDP ratio approach suggests India can attain a $5 trillion market cap by 2026 if nominal GDP grows at an 8% CAGR in USD terms, with a market cap-GDP ratio of 130%.
The earnings growth approach suggests the milestone could be attained by 2027 if listed companies post a profit CAGR of 15% with a 3% CAGR depreciation in USD-INR, assuming the current valuation sustains.
What could be the primary 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