As with many careers, financial planning requires an education. Financial advisors normally have a bachelor’s degree, but a master’s degree adds credibility (“Financial Advisor”) . Some schools that give you these degrees are Boston University, the College of Financial Planning, Texas Tech University, and San Diego State University (Chandler). There are many degrees you can take in those schools. Some are actuarial science, finance, accounting, business and law. Economics include agricultural and business economics (“Financial Advisor”). You can take all of those classes, but finance is the number one degree that employers want, as reported by the National Association of Colleges and Employers. The classroom provides the foundation of the learning …show more content…
The Financial Advisors field will grow by twenty-seven percent to 2022, according to the U.S. Bureau of Labor Statistics (“How To Become”). I think one reason why is this: “There’s a reason that the number of universities offering degrees in financial planners hit retirement age, vacancies in the field are predicted to skyrocket” (Chandler). The next quote about the job field in financial planning is, “In the wake of the recession, people are looking for guidance on how to build financial security after depleting short-term savings, tapping into retirement funds and losing home equity,” says Jennifer Grasz of Careerbuilder.com. “We see more demand for financial advisors” (“Financial Advisor”). Most of this demand is in Texas, California, and New York (“Financial Advisor”). In the whole United States, 81,060 dollars is the average salary of a Financial Advisor a year (“Financial Advisor”). A job in financial planning is both highly needed and highly …show more content…
The most important thing financial advisors have to do is earn the trust of their clients (“Career Opportunities”). What they do everyday is this: Dave Spano says that the first thing he does is “check his calendar for the day. His day usually consists of three meetings. In those meetings they review people’s financial plans and investment portfolios. The rest of the day usually consists of communication with employees, clients, and others via email, phone, and face to face meetings”. Dave Spano also says some skill’s a financial planner needs is to be “really good at math, understanding pre-algebra and being a good communicator.” Dave Spano says the workplace is “fun, open, and has lots of activity” (Spano). The first thing you should do when you are in the financial planning process is to assemble information, then you should organize your financial goals and objectives, then you should process and analyze the information, then you should advise a plan, then you should start the plan, then finally, you should keep watching the plan and making sure it is doing fine (Curley). The workplace is always fun for a financial advisor.
If a person thinks about their career, they will think something like this. An advantage to financial advising is that “you can feel good about helping people achieve their financial goals” (Spano). I think this will feel very good because it feels great to help people. A
This interview helped me figure out what my next steps in life will be, the first step for me is to graduate from UNL. The next step is for me to find a financial advising job at a firm. After everything I have learned through this process I am thankful for Mr. Kohlmeier taking the time to be interviewed and teaching me the numerous things that he did. This assignment turned out to be much more beneficial then I could have ever imagined I went from somewhat being on the fence to knowing that this is a career that I want to continue to
Today I will creating a memo that guides my client Casey Blount. As her financial advisor I will get her through this rough patch of her life. Ms.Blount s a native of Knoxville, Tennessee, graduated last June from North Carolina State University with a major in Communications and a minor in business. Soon she will begin her first job as a junior account executive at an advertising firm called Profound Advertising, in downtown Raleigh on January 2, 2017. Even though she minored in business, she needs my help in advising her financial life. In my memo to her I will need to guide her through student loans; housing; transportation; credit card usage and credit score; retirement plans; and basic budgeting issues. Ms.Blount is working with a tight
The wealth management or financial planning professions provide financial planning services and investment advice to clients for high net profit. The essential goal of any financial profession is to sustain and increase the long-term wealth of their clients. Since they manage huge amount of money for other people, they must also be ethical, trustworthy and free of any criminal record involving robbery, fraud or intentional mismanagement. Thus, they should understand complex financial documents, financial regulations and legal restrictions, not only good command of investments and financial planning.
“The decision to study finance opens doors to perhaps some of the widest ranges of jobs available, as every type of organization needs financial assistance and oversight, no matter what they do. There is no question that the recent financial crisis has changed the landscape of careers in finance, but finance remains among the most competitive and attractive of all career fields (International student)”. The purpose of this paper is to describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company. The two financial career options that a person with finance education might pursue are financial specialists and finance analysts.
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
What attracts me to the financial adviser profession, is the passion to help people in improving their financial conditions. I like to help people. But I have limited fund to help all the people, to improve. So I decided to help the others through my skills as a financial adviser.
1. Describe two examples of important things that financial planning skills can help you do, and explain why these things are important to you personally. (4-6 sentences. 2.0 points)
Financial Advisors within the credit union environment have a unique situation. This section details items Advisors need to know, understand and utilize when in the credit union environment. Several important guidelines must be followed:
2. Gathering information in different types of planning in a comprehensive financial plan you will need the following:
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
The case of the Investment Detective laid out the cash flows for us in each of eight different projects. Before doing any calculations we came up with the assumption that we could not rank the projects simply by inspecting the cash flows.
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
List and describe the three career opportunities in the field of finance. Finance has three main career paths: financial management, financial markets and institutions, and investments. Financial management involves managing the finances of a business. Financial managers—people who manage a business firm's finances—perform a number of tasks. They analyze and forecast a firm's finances; assess risk, evaluate investment opportunities, decide when and where to find money sources and how much money to raise, and decide how much money to return to the firm's investors. Bankers, stockbrokers, and others who work in financial markets and institutions focus on the flow of money through financial institutions and the markets in which financial assets are exchanged. They track the impact of interest rates on the flow of that money. People who work in the field of investments locate, select, and manage income-producing assets. For instance, security analysts and mutual fund managers both operate in the investment field.
Financial advising is one of the many occupations one can purse with a business finance degree. Even though financial advisors are not well-known, they do multiple things to help the global economy. A financial advisors job tends to focus on helping individuals with 401k’s, retirement plans, and other saving plans that require budgeting. Even though this job is limited to helping with these few plans, this job is very difficult and requires tedious amounts of work. The level of difficulty is the reasoning behind many not consider a job in this field. In the article, Financial Advisors, Financial Ecologies and The Variegated Financialization of Everyday Investors, it talks about how financial advisors are people oriented. This is a positive thing, because it shows the individuals who are being advised are cared for. The employment rate for this job was at a standstill for a short amount of time due to the type of work financial advisors are required to do. However, in recent years, more and more individuals are
advisor add value to the financial planning life cycle continuum? Or, is the advisor an employee