26-Year-old recent college grad with no finance experience. I want to be a FA.
I am considering taking all CFP courses and passing the CFP exam before getting my first FA job.
Should I get an MBA and PhD before getting a job and experience? is a similar question many young people ask. If you familiar with the CFP requirements, then you recognize that achievement of the credential requires experience. My advice is if you want to get the credential - get some experience - then attempt the CFP. This is for several reasons. First and foremost - the criteria for experience. Second - the evolution of the certification. The criteria have just changed; and people not grandfathered in will need to meet that criteria. If you study now and then don't have the experience and try to take the exam when you do - the criteria may have changed. Finally and related to the second point; the regulatory enviroment is in significant flux.
Kicking and Taking...
I'd actually see if I could do the job first. A CFP won't help you sell and this is a 100% sales job for at least the first three years. Get a gig, build a book, get your CFP. That is the only way to go, IMO.
Element is correct. With a 60%+ wash-out rate, why waste the time and money when odds are... you won't last.
Takinggames is right. There is an experience requirement for the CFP designation. Here is the language from the CFP Board:
Work Experience Standards
Your work experience must comply with the following standards: