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DipMAP or R07?

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  • ACG
    ACG Posts: 24,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    glosoli wrote: »
    In my bank we deal with mortgages, life and critical illness, and buildings and contents insurance. Everyone in the office only has CeMAP, other than one person who has more advanced qualifications, but they aren't of any particular relevance to our role.

    One of our former colleagues moved to another bank, and that bank are formulating a team of advisors who deal with mortgages, and a number of insurances, such as income protection, life and critical illness, and others, and for this job they do need a protection specific qualification. They're pay is around £37,000, compared to around £27,000 for those who just have CeMAP, so I guess if I was to go for another qualification i'd go for that.
    I have that exam. I think I have RO1, CF6 and RO5 (I think it is RO5 the protection exam).

    In fairness, that isnt a bad exam, relatively easy and if you have no experience of protection it does give you a basic understanding. As I worked for a life office at the time, I just did it because they paid me £100 for every exam I passed. No revision, a morning off work and £100 for the pleasure.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
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