My God there are so many careers out there, who in the world can pick just one. That’s what’s been weighing on my mind heavily is what career is right for me. I’ve thought of a couple that interest me but I want to find out everything there is to know about a financial advisor. The reason that I’m interested in this field is how everything is the same when it comes to the actually math behind the career. Also I like to deal with people and money so a job as a financial advisor just seems right for me but I intend to find out as much as I can to make sure there’s nothing surprising or any kinks in what sounds like the perfect job for me. I really don’t know to much about this career just that they can either deal with selling securities …show more content…
According to the Bureau of Labor and Statistics the average financial advisor makes from $32,340-$145,600 that’s ranging from the lowest-highest recorded ”BLS”. In my interview with my financial advisor he told me a more reasonable figure would be to expect to make anywhere from $500-$1000/month part-time to $10,000/month full time ”Childs”. From what I can see I’m pretty happy with the earnings though as in any career you have to work hard for your money. The job as a financial advisor is based on assisting and creating plans for clients whether they are for retirement, life insurance, or creating spending plans and managing accounts. The day as a financial advisor starts fairly early in the morning usually your average day consists of meeting new clients or servicing existing clients accounts to achieve the highest possible yield “Childs”. The job is never done as a financial advisor often times they need to go out to find new clients or meet with an existing one “BLS”. As a financial advisor I can expect to work around 40-60 hr’s a week not counting any meetings I have outside normal business hours “Childs”. To get hired as a financial advisor no degree is “required” but to make me more marketable a bachelors degree is desirable but I will be able to get hired almost anywhere with a masters. What degree to get is really up to me I can have a degree from accounting to economics to really
I would need practical experience shadowing first hand very successful real estate agents. I would need an internship with a marketing company to find out if that is what I want to do for the rest of my life. I think
The role of the wealth manager is not to simply sell a financial product to a prospect. Instead, a wealth manager’s first concern is developing a comprehensive understanding of the client, a client-centric approach to providing financial solutions. Next the wealth manager must match the right solutions to the client’s needs and desires and ensure he or she receives an exceptional service experience. After that, product and service sales opportunities will naturally follow. Making the transition is clearly a trade-off between short-term results and long-term success. Financial security through goals-based wealth management. As a wealth manager with Merrill Lynch,
A Description of the Basic Requirements Needed to Obtain this Job (e.g., type of degree)
b. Describe at least two tasks a person with this career might perform. (1-2 sentences. 1.0 points)
In the article, Advisors Involved in Financial Planning, authors Mendlowitz and Kess talks about how financial advisors are people oriented and want what is best for their clients. The authors prove that the difficulty of the financial advising processes is typically overlooked by others by stating, “The different kinds of financial advisors and their role in the overall financial planning process is difficult” (Pg.66). Many might think that financial advisors have an easy job, but there is more to it than telling people to save small amounts of money here and there. Advisors must go through several specific steps to figure out the exact amounts their clients must save. The author of this article talks about situations that a financial advisor might go through as well as how the advisor should
I will be attending Mississippi State University and majoring in business; in hopes of becoming a personal financial advisor. While attending college, I plan to gain a vast number of tools to guide myself and others to a greater financial state. I also plan to become a certified educator because in our area the occupation is vital to the development of our youth. Benjamin Franklin said, “An investment in knowledge
This interview taught me that a career as an investor can be extremely difficult which is why I am still thinking about becoming a financial advisor who invests rather then just a pure investor. I have learned that it will take a great deal of work to become successful but as long as you stay focused, dedicated, and learn from any failures you can achieve what ever you want. This interview only strengthened my desire to become a financial advisor.
But we also lack the financial know-how to manage our money successfully”. She went on to say, “With a career as a financial specialist, you could help clients accomplish their lifetime goals. “To be able to express to the people that they can do the things they want to do—or send their child to college or purchase a house or retire early—is actual gratifying (Bureau of Labor Statistics 2014-15).” Financial Specialists are precious to the company. Although their daily tasks vary by occupation, their goals can be similar. For example, helping businesses make sound financial decisions is often a vital part of their work. Most of these workers need meticulous acquaintance of the rulebooks and protocols that apply to their jobs, such as accounting principles, tax codes, and financial regulations (Bureau of Labor Statistics 2014-15).” Next, according to the Bureau of Labor Statistics, employment of Financial Analysts are “projected to grow 16 percent from 2012 to 2022, faster than the average for all occupations (Bureau of Labor Statistics 2014-15).” A Finance Analyst added significant value
Have you ever thought of getting a job that pays you the most? Personal Financial Advisor and biomedical engineering are two different major fields that differ in many aspects, but pays very good. People usually tend to go for the field that they are mostly interested in ,and some people go for the one that pays better. Personal advisors requires more work to be done mentally than physically they “ provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances”(Occupational Outlook Handbook). Unlike, biomedical engineering, it requires a lot of physical work to an addition of mental work and they “work in manufacturing, universities, hospitals, research
Securities-Commodities-Financial Services Sales Agents have a demanding and stressful job because they usually have to deal with large sums of money, but overall the job I quite interesting. They usually buy and sell bond and/or stocks, but they also buy
Life insurance is meant to provide funds to replace a breadwinner's to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage.
My background in economics has provided me with an excellent basis from which to start my advanced studies in finance. My critical thinking skills come from various micro and macro economic courses. My math and problem solving skills come from courses such as Econometrics, Statistics and Calculus. Also, I developed my computer skills through course such as computer science and learnt how to use statistics and econometrics software such as Eviews and Stata. For that matter, I think my undergraduate degree has prepared me with complete set of skills to deal with various situations and provided me with the tools needed to think critically and analytically. All these factors helped me to create a very strong foundation, capitalizing on which I intend to pursue an MSc in Finance as my postgraduate degree.
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The area in which I spent the most was definitely transportation however, this expense was an absolute necessity that I could not avoid. Being raised to be conscious about my money spending habits and to always look for a bargain was not something I could necessarily put into practice concerning this area. Areas where I spent the least would have to be personal care and personal extras; there is always a great sale and or off brand personal hygiene product to be bought. When I don’t buy the flashy product with the pretty packaging and well known name I save a bit of money in the process. The fact of saving money on products like these is so liberating and I get a huge adrenaline rush out of it! As far as
What type of financial investments would you invest in if you were given 10,000 dollars, what made you choose these investments, as well as; how did your choices affect your decision as to tracking these financial investments through the usage of financial strategies and trends. While finding the right pecuniary investment to finance in is never an easy decision, one must first do their research as to what type of financial resources are available on the market to invest in; then apply those financial decisions and strategies to their financial market plan. Let’s begin with what a financial market does, “financial markets perform a vital function: they transfer funds from savers (individuals and organizations willing to defer using some