Understanding Business with Connect Access Card
12th Edition
ISBN: 9781260277142
Author: William Nickels, James McHugh, Susan McHugh
Publisher: McGraw-Hill Education
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Question
Chapter 19, Problem 1CE
Summary Introduction
To determine: The task performed, skills needed, pay and opportunity outlook of the career.
Introduction: Personal financial advisor is an employee whose responsibility is to provide financial advice regarding the investment, saving, and other activities in an organization.
Expert Solution & Answer
Answer to Problem 1CE
Personal financial advisor is responsible for the finance related activities. Some of the skills required are business, interpersonal and analytical abilities, and good communicational skills. The hourly wage rate in this career is $43.58 and annually it is $90,640. The opportunity outlook for the career is that projected to grow 15% from 2016 to 2026.
Explanation of Solution
Personal financial advisor job is to provide advice over the financial activities that include the budgets, investment plans, tax strategies and savings. The skill set which a personal financial advisor requires is mentioned below:
- Business skills.
- Good critical thinking skills.
- Analytical skills.
- Decision making skills.
- Math skills.
- Communicates well with others.
The wage rate of an officer working in this career is:
- Hourly wage rate- $43.58.
- Annual wage rate- $90,640.
The opportunity outlook for the career is that it has chances to grow by 15% from year 2016 to 2026, much faster than the average of all occupations.
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Chapter 19 Solutions
Understanding Business with Connect Access Card
Ch. 19.2 - Prob. 1TPCh. 19.2 - Prob. 2TPCh. 19.2 - Prob. 3TPCh. 19.3 - Prob. 19.3AQCh. 19.3 - Prob. 4TPCh. 19.3 - Prob. 5TPCh. 19.4 - Prob. 6TPCh. 19.4 - Prob. 7TPCh. 19.4 - Prob. 8TPCh. 19.4 - Prob. 9TP
Ch. 19.5 - Prob. 1MEDCh. 19.5 - Prob. 10TPCh. 19.5 - Prob. 11TPCh. 19.5 - Prob. 12TPCh. 19.8 - Prob. 13TPCh. 19.8 - Prob. 14TPCh. 19.8 - Prob. 15TPCh. 19.8 - Prob. 16TPCh. 19.9 - Prob. 19.9AQCh. 19.9 - Prob. 19.9BQCh. 19.9 - Prob. 17TPCh. 19.9 - Prob. 18TPCh. 19.9 - Prob. 19TPCh. 19 - Prob. 1CECh. 19 - Prob. 2CECh. 19 - Prob. 3CECh. 19 - Prob. 4CECh. 19 - Prob. 1CTCh. 19 - Prob. 2CTCh. 19 - Prob. 3CTCh. 19 - Prob. 4CTCh. 19 - Prob. 5CTCh. 19 - Prob. 1DCSCh. 19 - Prob. 3DCSCh. 19 - Prob. 1VCCh. 19 - Prob. 2VCCh. 19 - Prob. 3VC
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