How to Become a Financial Advisor

If a person is looking to become a financial advisor there is some information they should know about the field. People are trusting them to make smart decisions with their money and that is why education and training are essential for this job.

Education

To work as a financial advisor a person will need at least a bachelor’s degree in the area of finance, economics, business, or a related field. They will need to have coursework in taxes, estate planning, risk management, and investments. They will need to help their clients reach their financial goals so it is important they know as much about finances as possible. Most financial advisors need additional training. They will need to take a test to become a Certified Financial Planner. In some cases, they will need to get a master’s degree in a related area to put them ahead of the competition.

Salaries

A financial advisor earns a good living. With some experience and time in the field, these professionals earn around $108,000 a year.

This will vary by education and experience. In the northeastern part of the country, financial advisors earn more than other areas. There is said to be a need in this field and there will be work for those that want to work in the finances. This field is projected to grow by up to 27 percent in the next few years. This is much higher than average. As the population ages, they will need those that will help them grow their investments and will help make their money grow and work for them in the older years.

This is some information that a person should know when they are looking for work in the financial field. These people will help others make a sound financial decisions and will help them make their money grow