Who can enroll
Anyone who has passed 12th grade can register. Graduation is required before certification is conferred, so final-year students can enrol now.
Recognized and accepted by leading institutions
Exams are booked through authorized testing partners across 75+ Indian cities.
Academic & institutional acceptance
Trusted & recognised worldwide
The shift
From Product Seller to Trusted Wealth Advisor
Talented professionals stall in wealth management for predictable reasons — and none of them are about intelligence.
No HNI-specific framework
Retail banking training does not prepare you for the complexity of high-net-worth planning.
Fragmented product knowledge
Equity, insurance, real estate, alternatives and taxation held in isolation rather than one strategy.
No behavioral foundation
Without behavioral finance, even technically correct advice gets rejected.
Missing the credential employers screen for
A credential gap becomes a career ceiling.
CWM® closes each gap with one integrated curriculum — 20 units connecting markets, tax, law, insurance, behavioral finance, planning and portfolio strategy.
What is the Chartered Wealth Manager® designation?
CWM® is a professional certification in wealth management and financial planning, conferred through American Academy of Financial Management® global standards and delivered in India by AAFM® India. It is a designation, not just a course: you complete a structured curriculum, pass the certification exams, and earn the right to use the CWM® mark after your name.
10 units
Foundation — Level I
Financial systems, investment vehicles, risk & return, insurance planning, banking, tax law, retirement planning, and estate transfer.
10 units
Advanced — Level II
Equity analysis, alternatives & AIFs, real estate valuation, behavioral finance, portfolio strategy, international tax, and wealth-tech & AI.
Who earns the CWM®?
Relationship managers & bankers
Move from selling products to advising portfolios. With 3+ years in BFSI, skip Level I entirely.
Financial planners & investment advisors
Extend a financial planning practice into holistic wealth management for affluent clients.
MF distributors & insurance advisors
Serve wealthier clients with a credential that signals advisory depth.
CAs & finance professionals
Add wealth management and financial planning to an existing practice.
MBA / B.Com / BBA students & graduates
Differentiate yourself in placements before you have experience to point to.
Stock brokers & equity advisors
Expand into holistic wealth, estate, and financial planning.
If you already work with clients' money - or intend to - CWM® is built for you. If you are looking for a basic personal-finance course, this program will be more than you need.
Trusted by Leading Employers
Our certifications open doors to top companies across the finance industry.
INDIA
INTERNATIONAL
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Program Overview
In 2026, the market doesn't need more traditional bankers; it needs professionals who can think clearly and plan smartly. The CWM® designation is the most respected wealth management qualification in India, designed to help you work independently and confidently in a crowded market.
The CWM® course helps you gain the skills required to successfully handle today’s difficult and fast-growing wealth management landscape. In this course, you will not just get videos, but a step-by-step career guidance to master the art of managing super high net worth portfolios.
- AI based portfolios: learn how technology helps in choosing and handling investments wisely.
- Global Market Intelligence: Understand international regulations that affect investments worldwide.
- Ultra-wealthy client planning: Learn how to understand the needs, mindsets, and goals of very high-net-worth clients.
- Risk Management strategies: Understand how to protect client wealth while aiming for steady and better returns.
Why structured preparation makes all the difference
Most professionals fail in wealth management not because they lack intelligence, but because:
- They do not use structured
wealth-management framework when studying finance
- Concepts are still theoretical
rather than client applicable
- Information about product, taxes, and investments is fragmented
- Long-term wealth strategies, portfolios, and Individuals are not connected by a guided learning path
How we help you succeed:
This course addresses that by providing organized, concept-driven education journey that explain you how wealth management actually functions, the importance of each financial strategy, and how advisory decisions are made in real client scenarios.
A complete wealth management and financial planning skill set
Advise, not sell
Run the complete advisory process - discovery, analysis, planning, implementation, review - for affluent and HNW clients.
Construct portfolios
Apply asset allocation, risk-adjusted return measurement, and rebalancing across asset classes.
Plan across generations
Build plans spanning wills, trusts, HUFs, and succession - navigating Indian and international tax.
Use technology intelligently
Understand AI, robo-advisory, and algorithmic tools - and communicate recommendations that win trust.
Your journey from enrollment to charter
No uncertainty after payment
01
Enroll online
Pay securely. Your LMS access activates within 24 hours.
02
Receive study material
Digital courseware unlocks in your portal within 24 hours.
03
Learn on your schedule
236 lessons, 28+ hours of recorded instruction, on mobile and desktop, for 12 months.
04
Join a live batch
Weekend batches start every month. Our team notifies you of your batch after enrollment.
05
Revise with recordings
Every live session is recorded and available in your portal.
06
Test yourself
Chapter practice questions and full-length mocks mirror the real exam.
07
Book your exam
Schedule online via authorized testing partners across India.
08
Earn your CWM® charter
International certification and membership of the global alumni network.
Faculty
◆Learn from practitioners, not presenters
Dr. Deepak Jain
Director & Co-founder, AAFM® India
25+ years in wealth management and estate planning. Author of 26 books on finance; has led AAFM India to train 45,000+ individuals including 30,000+ wealth managers.
Saurabh Jain
Faculty, AAFM® India
CA, CS, CFA, FRM, CFP (US), CWM®, CTEP, CISI (UK), CCRA, CIRA, AIM
A multi-credentialed finance professional bringing deep expertise across accounting, risk, wealth management and estate planning.
Himanshu Patodi
VP – HSBC Bank
CWM, CTEP, IIM-Mumbai
A transformational leader with 2 decades of experience in global premier banking, designing wealth strategies that bridge borders, insights and legacies.
The curriculum: 20 units, two levels, one integrated framework
Foundation builds your base across markets, tax, insurance, banking, financial planning, and estate transfer. Advanced develops specialist depth in analysis, alternatives, behavioral finance, and portfolio strategy. Every unit maps directly to the CWM® certification exams.
236 Lessons
28:46:01 Hours
Foundation Level-1 118 Lessons 17:28:55
Welcome to CWM® Program
1 Lessons
02:57:07 Hours
-
Introduction to Chartered Wealth Management
02:57:07
Unit 1 - Concept of Wealth Management
11 Lessons
03:24:13 Hours
-
Chapter 1 - Introduction to Wealth Management
.
-
Chapter 2 - Data Gathering and Wealth Management Process
.
-
Chapter 3 - Analysis of the Personal Financial Statements
.
-
Chapter 4 - Mathematics of Cash Flow - Time Value of Money
.
-
Chapter 5 - Annuities and Capital Budgeting Techniques
.
-
Chapter 6 - Management of Loan and Depreciation
.
-
Chapter 7 - Wealth Management Industry
.
-
Chapter 8 - Wealth Management in India
.
-
Chapter 9 - Trends in Wealth Management
.
-
Video - Financial Mathematics
03:24:13
Unit 2 - Indian and Global Financial System
13 Lessons
00:00:00 Hours
-
Chapter 1 - An Overview of the Global Financial System
.
-
Chapter 2 - Introduction to the Indian Financial System and Markets
.
-
Chapter 3 - Regulatory Structure in India
.
-
Chapter 4 - The International Regulatory Framework and Financial Institutions
.
-
Chapter 5 - Economic Unions
.
-
Chapter 6 - Economic Indicators
.
-
Chapter 7 - Economic Policies
.
-
Chapter 8 - National Income Accounting
.
-
Chapter 9 - Trade Policies and BOP
.
-
Chapter 10 - The Reforms in the Financial System
.
-
Chapter 11 - How to Choose Country for Investment
.
-
Chapter 12 - Risk and Surveillance in Markets
.
Unit 3 - Investment Vehicles of Wealth Management
12 Lessons
02:35:39 Hours
-
Chapter 1 - Understanding Investments
.
-
Chapter 2 - Investments in Equity
.
-
Chapter 3 - Fixed Income Instruments
.
-
Chapter 4 - Real Estate
.
-
Chapter 5 - Mutual Funds
.
-
Chapter 6 - Derivatives
.
-
Chapter 7 - Small Savings Scheme
.
-
Chapter 8 - Other Investment Product
.
-
Chapter 9 - Comparison of Financial Instruments
.
-
Chapter 10 - Understanding Employee Stock Option Plans (ESOP's)
.
-
Video - Investment Vehicles of Wealth Management - I
02:35:39
Unit 4 - Measuring Investment Risk And Returns
8 Lessons
00:00:00 Hours
-
Chapter 1 - Understanding Investment Returns
.
-
Chapter 2 - Complexities of Investment Returns
.
-
Chapter 3 - Understanding investment Risk
.
-
Chapter 4 - Measuring Investment Risk
.
-
Chapter 5 - Portfolio Risk and Return
.
-
Chapter 6 - Managing Investment Risk
.
-
Chapter 7 - Risk Adjusted Returns
.
Unit 5 - Concept of Insurance and Risk Management
9 Lessons
03:03:52 Hours
-
Chapter 1 - Insurance and Risk Analysis
.
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Chapter 2 - Insurance Contract and Legal Liability
.
-
Chapter 3 - LI–Analysis of Life Cover
.
-
Chapter 4 - GI–Property, Health
.
-
Chapter 5 - Regulatory Framework of Insurance
.
-
Chapter 6 - Insurance Mathematics
.
-
Chapter 7 - Wealth Planning and Life Insurance
.
-
Video - Concept of Insurance and Risk Management - I
03:03:52
Unit 6 - Role of Wealth Management in Banking
14 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Banking
.
-
Chapter 2 - Banking and the Economy
.
-
Chapter 3 - Global Regulation of Banking
.
-
Chapter 4 - International Banking
.
-
Chapter 5 - Anti Money Laundering and Due Diligence
.
-
Chapter 6 - Bank Customer Relationship
.
-
Chapter 7 - Type of Bank Deposits
.
-
Chapter 8 - Mode of Withdrawals and Transfer of Funds
.
-
Chapter 9 - Retail Banking
.
-
Chapter 10 - Meaning and Definition of PA and NPA
.
-
Chapter 11 - Security Creation and Lending Schemes
.
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Chapter 12 - Borrower's Profile Analysis
.
-
Chapter 13 - Annexure
.
Unit 7 - Legalities in Wealth Management
10 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Law
.
-
Chapter 2 - Meaning and Essentials of a Contract
.
-
Chapter 3 - Law of Agency
.
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Chapter 4 - Formation of Companies
.
-
Chapter 5 - Various Acts
.
-
Chapter 6 - Islamic Sharia Banking
.
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Chapter 7 - Investor Complaint Redressal Mechanism in India
.
-
Chapter 8 - Investment Advisor Regulations
.
-
Chapter 9 - Ethics in Wealth Management
.
Unit 8 - Tax Laws for Wealth Management
17 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Taxation System
.
-
Chapter 2 - Understanding Income Tax Structure
.
-
Chapter 3 - Residential Status and Tax Incidence
.
-
Chapter 4 - HOI and Income under the HS
.
-
Chapter 5 - Income from House Property
.
-
Chapter 6 - Income from Business and Profession
.
-
Chapter 7 - Capital Gain Tax
.
-
Chapter 8 - Income From Other Sources
.
-
Chapter 9 - Clubbing of Income
.
-
Chapter 10 - Set off and Carry Forward of Losses
.
-
Chapter 11 - Deductions from Gross Total Income
.
-
Chapter 12 - Tax Deducted at Source
.
-
Chapter 13 - TP, TA, Tax Evasion and TM
.
-
Chapter 14 - Filling of Tax Return
.
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Chapter 15 - Taxation of Other Products
.
-
Chapter 16 - Tax Provision for Special Cases
.
Unit 9 - Life Cycle Management
13 Lessons
02:41:26 Hours
-
Chapter 1 - Financial Life Cycle
.
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Chapter 2 - Wealth Creation
.
-
Chapter 3 - Basics of Retirement Planning
.
-
Chapter 4 - Retirement Benefits
.
-
Chapter 5 - Defined Benefit Plans
.
-
Chapter 6 - Defined Contribution Plans
.
-
Chapter 7 - Superannuation and other Retirement Plans
.
-
Chapter 8 - Group Life and Health Insurance
.
-
Chapter 9 - Retirement Needs Analysis
.
-
Chapter 10 - Retirement Income Streams
.
-
Chapter 11 - Life Cycle Investment Advise Model
.
-
Video - Life Cycle Management & Retirement Planning - I
02:41:26
Unit 10 - Intergenerational Wealth Transfer And Tax Planning
10 Lessons
02:46:38 Hours
-
Chapter 1 - WILL
.
-
Chapter 2 - Intestate Succession
.
-
Chapter 3 - Transfer of Property
.
-
Chapter 4 - Trust
.
-
Chapter 5 - Private Trusts
.
-
Chapter 6 - Special Types of Trusts
.
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Chapter 7 - Society as a form of Charitable Organization
.
-
Chapter 8 - HUF
.
-
Video - Intergenerational Wealth Transfer - I
02:46:38
Advance Level-2 116 Lessons 11:17:06
Unit 1 - Equity Analysis
11 Lessons
00:00:00 Hours
-
Chapter 1 - Equity Markets and Structures
.
-
Chapter 2 - Fundamental Analysis
.
-
Chapter 3 - Industry Analysis
.
-
Chapter 4 - Company Analysis
.
-
Chapter 5 - Models of Equity Valuation
.
-
Chapter 6 - Technical Analysis
.
-
Chapter 7 - Type of Charts
.
-
Chapter 8 - Technical Indicators
.
-
Chapter 9 - Other Technical Indicators
.
-
Chapter 10 - Theories of Technical Analysis
.
Unit 2 - Alternative Products in Wealth Management
16 Lessons
02:57:37 Hours
-
Alternative Investment Products in Wealth Management
02:57:37
-
Chapter 1 - Overview on Alternate Investments
.
-
Chapter 2 - Structured Products
.
-
Chapter 3 - Derivatives - Options and Swaps
.
-
Chapter 4 - Hedge Funds
.
-
Chapter 5 - Commodities and Managed Futures
.
-
Chapter 6 - Private Equity
.
-
Chapter 7 - Credit Derivatives
.
-
Chapter 8 - Fund Valuation
.
-
Chapter 9 - Alternatives and Risk Mitigation
.
-
Chapter 10 - Regulatory framework,structure and governance in AIF's
.
-
Chapter 11 - Taxation in AIF's
.
-
Chapter 12 - AIF Industry
.
-
Chapter 13 - AIF's in the Indian Market
.
-
Chapter 14 - Introduction to Crypto Currency
.
Unit 3 - Real Estate Valuation and Analysis
11 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Real Estate
.
-
Chapter 2 - Categories of Real Estate
.
-
Chapter 3 - Real Estate Indices
.
-
Chapter 4 - Real Estate Financing
.
-
Chapter 5 - Real Estate Markets and Analysis
.
-
Chapter 6 - Real Estate Valuation
.
-
Chapter 7 - Issues in Real Estate Valuation
.
-
Chapter 8 - Real Estate Investment Trust (REIT) and REMS
.
-
Chapter 9 - Integration of Real Estate in a Portfolio
.
-
Chapter 10 - India's Real Estate Sector
.
Unit 4 - Behavioral Finance in Wealth Management
9 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Behavioral Finance
.
-
Chapter 2 - Heuristics and Biases
.
-
Chapter 3 - Anomalies - Economic Behavior
.
-
Chapter 4 - Anomalies - Market Prices & Returns
.
-
Chapter 5 - Group Behavior
.
-
Chapter 6 - Investment Style and Behavioral Finance
.
-
Chapter 7 - Behavioral Finance in Practice
.
-
Chapter 8 - Cases on Behaviorial Biases
.
Unit 5 - Relationship Management by a Wealth Manager
14 Lessons
00:00:00 Hours
-
Chapter 1 - CRM and Wealth Management
.
-
Chapter 2 - Types of CRM
.
-
Chapter 3 - Understanding Relationships
.
-
Chapter 4 - CRM Implementation
.
-
Chapter 5 - Creating Value for Customers
.
-
Chapter 6 - Customer Portfolio Management
.
-
Chapter 7 - CRM and Customer Experience
.
-
Chapter 8 - MCLC - Customer Acquisition
.
-
Chapter 9 - MCLC - Customer Retention
.
-
Chapter 10 - Managing Networks for CRM Performance
.
-
Chapter 11 - Managing Investor and Employee Relationships
.
-
Chapter 12 - Information Technology for CRM
.
-
Chapter 13 - Advanced Selling Skills
.
Unit 6 - Loan And Debt Management
10 Lessons
00:00:00 Hours
-
Chapter 1 - Introduction to Credit
.
-
Chapter 2 - Types of Credit Facilities to Individual
.
-
Chapter 3 - The Credit Process
.
-
Chapter 4 - Credit Bureaus in India
.
-
Chapter 5 - Debt Consolidation
.
-
Chapter 6 - Financial Mathematics of Loan
.
-
Chapter 7 - Working Capital Finance
.
-
Chapter 8 - Redressal Mechanism
.
-
Chapter 9 - Tax Implications of Loans
.
Unit 7 - Portfolio Management Strategies
15 Lessons
03:14:14 Hours
-
Chapter-1 Introduction to Portfolio Management
.
-
Chapter-2 Portfolio Manager
.
-
Chapter-3 Investment Risk
.
-
Chapter-4 Types of Investment Returns
.
-
Chapter-5 Measures of Risk
.
-
Chapter-6 Managing Risk Through Diversification
.
-
Chapter-7 Asset Pricing Models
.
-
Chapter-8 Asset Allocation
.
-
Chapter-9 Equity Portfolio Management
.
-
Chapter-10 Fixed Income Portfolio Management
.
-
Chapter-11 Rebalancing Strategies
.
-
Chapter-12 Asset Liabaility Management of Individual Investors
.
-
Chapter-13 Portfolio Management Services and TA of PMS
.
-
Video - Portfolio Management Strategies - I
03:14:14
Unit 8 - International Tax and Trust Planning
8 Lessons
00:00:00 Hours
-
Chapter-1 Introduction to International Taxation
.
-
Chapter-2 Income Tax Structure in Different Countries
.
-
Chapter-3 Double Taxation in India
.
-
Chapter-4 Major Tax Treaties in India
.
-
Chapter-5 Transfer Pricing in India
.
-
Chapter-6 Taxation of NRIs
.
-
Chapter-7 Tax Planning Through Trust
.
Unit 9 - Wealth Tech and Practise Management
13 Lessons
02:55:32 Hours
-
Chapter 1 - Wealth Management in Current Era and profitability drivers
.
-
Chapter 2 - Clients as Profitability Driver
.
-
Chapter 3 - Products as Profitability Driver
.
-
Chapter 4 - Distribution Channels as Profitabilty Driver
.
-
Chapter 5 - Technology and Operations as Profitability Driver
.
-
Chapter 6 - Business Operating Models
.
-
Chapter 7 - AI and Machine Learning in Finance
.
-
Chapter 8 - AI in Portfolio Management
.
-
Chapter 9 - Algorithmic Trading and Investment Strategies
.
-
Chapter 10 - Essentials of family office management
.
-
Chapter 11 - Robo Advisors in Wealth Management
.
-
Video - Wealth Tech and Practise Management
02:55:32
Unit 10 - Advanced Wealth Management
9 Lessons
02:09:43 Hours
-
Chapter-1 Understanding the Wealth Management Process
.
-
Chapter-2 Identify and Clarify the Current Situation
.
-
Chapter-3 Identify Goals and Objectives
.
-
Chapter-4 Analyze Financial Issues and Opportunities
.
-
Chapter-5 Developing the Wealth Management Plan
.
-
Chapter-6 Implementation and Review of the Wealth Management Plan
.
-
Chapter-7 Case Studies on different Aspects of Wealth Management
.
-
Advanced Wealth Management - I
02:09:43
Our alumni work at India's leading wealth institutions
CWM® charterholders serve in private banking, wealth advisory, financial planning, and portfolio roles across these organizations — part of a 300,000+ global alumni network.
Your charter - tangible, verifiable, yours
Verified in seconds
Every CWM® charter can be verified online by employers and clients at AAFM India's official verification page. Your designation is a credential, not a claim - and verification is what separates the two. Use the CWM® mark after your name on your resume, LinkedIn, business card, and client communication. CertificationValidityChecks
Two routes, one charter
Eligibility & pathways
Compulsory Pathway
Study both levels and pass both exams. Exam eligibility opens 60 days after registration.
Experience Pathway - the professional fast track
Graduates with 3+ years of BFSI experience are exempt from the Level I exam and its fee, sitting Level II directly after 30 days.
Earn it, don’t buy it
The certification exams
Question
Answer
Exam format
85 multiple-choice questions per exam, 3 hours, no negative marking. Compulsory Pathway sits Level I + II; Experience Pathway sits Level II only.
Passing score
50%
Where & when
Pearson VUE, Prometric or NSE Academy — year-round across 75+ Indian cities.
Attempts
Unlimited within your 365-day validity, minimum 15 days between attempts.
Certificate
Issued from the USA under AAFM® international standards.
Exam fees — payable separately at booking
Exam
Fee
GST
Payable at booking
Level I — Compulsory Pathway only
₹6,000
₹1,080
₹7,080
Level II — both pathways
₹8,000
₹1,440
₹9,440
Exam fees are payable again for each re-attempt.
The counsellor call, replaced
Fees, exams & eligibility — answered
Everything you'd normally ask a counselor, answered here.
Fees and enrollment
Two study modes: Self Paced at ₹42,000 + 18% GST (₹49,560) and Instructor Led Classes at ₹70,000 + 18% GST (₹82,600). Both include your student registration fee and 12-month LMS access. Exam fees are separate.
No. Exam fees are separate and payable when you book, and again for each re-attempt.
All fees are non-refundable once paid. We state this upfront so you can decide with complete information.
Your LMS activates within 24 hours of payment.
Exams and eligibility
85 multiple-choice questions over 3 hours, no negative marking, 50% to pass.
Unlimited within your 365-day validity, with a minimum 15-day gap between attempts.
Anyone who has passed 12th grade. Graduation is required before the designation is conferred.
No. Level I builds the foundations from first principles.
Career outcomes
◆What CWM® roles pay in India
| Role | Typical range | Average |
|---|---|---|
| Chartered Wealth Manager® | ₹10–29 LPA | ≈ ₹12 LPA |
| Relationship / Wealth Manager | ₹6–19 LPA | — |
| Private Banker | ₹12–30 LPA | — |
In an AAFM® India alumni survey, CWM® holders reported a ~27% average salary increase within 12 months.
Market salary ranges in India from public sources (Glassdoor, Indeed, 6figr), 2025. Compensation varies by employer, city, experience and individual performance; AAFM® India does not guarantee employment or salary levels.
Why now
◆The demand behind the credential
8.5L+
HNI & UHNI families in India
Hurun India Wealth Report 2025
22%
BFSI industry growth, CAGR
Business Standard
1L+
Wealth advisors needed by 2030
McKinsey, 2025
30+
Corporate hiring partners
AAFM® India
In their own words
◆Charterholder stories
CWM® holders on what the credential changed for them.
How CWM certification fast-tracked his career - an honest review.
Adarsh Kumar Provitt Consultants
Why CWM is the program he recommends.
Naimish Kumar Parmar Bank of BarodaGlobal community
◆ AAFM®-certified professionals practise in the world’s major financial centres
Not sure which pathway fits you?
Three years in BFSI could exempt you from the Level I exam entirely. Talk it through with a career expert.
Talk to a Career Expert →Self-paced or live
◆Choose your Study Mode
Two ways to earn the CWM® charter. Both include your student registration fee and 12-month LMS access, both lead to the same charter, and exam fees are separate.
Study on your own schedule
₹42000
+ 18% GST
₹49560 payable today
- 1 Year Registration
- 1 Year Online Courseware Access
- Complimentary 35 Hours of Recording Training
- Unit-wise Quizzes & Final Quiz
- Dedicated Learning Support
Guided, live and structured
₹70000
+ 18% GST
₹82600 payable today
- 1 Year Registration
- 1 Year Online Courseware Access
- Complimentary 150 Hours of Live Training
- Weekend Live Instructor-Led Classes
- Session Recordings for Revision
- Unit-wise Quizzes & Final Quiz
- Dedicated Doubt-Clearing Sessions
- Dedicated Learning Support
Join a global network of 300,000+ certified professionals.
Everything you need to decide is on this page — the curriculum, the exams, every fee and the outcomes. Enrollment takes five minutes and your learning portal opens within 24 hours.
Enroll in CWM® Today →
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