How to Become a Personal Financial Advisor

Personal It is also called Financial Advisor Аcсount Executive Analyst Asset Analyst Asset Manager Budget Counselor Credit Counselor Debt Counselor Estate Planner Personal financial advisors typically need a bachelor's degree. A master's degree and certification can improve chances for advancement in the occupation. Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Quick Facts: Personal Financial Advisors $64,750 per year $31.13 per hour 2010 Median Pay Entry-Level Education Work Experience in a Related Occupation None On-the-job Training Number of Jobs Job Outlook Employment Change Bachelor's degree None 2010 206,800 2010-20 32% (Much faster than average) 2010-20 66,400 -Education Required Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities. What Personal Financial Advisors Do > Personal financial advisors typically do the following: > Meet with clients in person to discuss their financial goals. > Explain the types of financial services they provide. > Educate clients and answer questions about investment options and potential risks. > Recommend investments to clients or select investments on their behalf. > Help clients plan for specific circumstances, such as education expenses or retirement. > Monitor clients' accounts and determine if changes are needed to improve account performance or accommodate life changes, such as getting married or having children. > Research investment opportunities. Job Outlook During 2008, this occupation employed approximately 28,400 people in California. It is projected that there will be 34,600 employed in 2018. This occupation will have about 620 openings due to growth and about 300 replacement openings for approximately 920 total annual openings. Personal Financial Advisors Percent change in employment, projected 2010-20 Industries that Employ this Occupation Personal 32% Financial Advisors Business and Financial 17% Operations Occupations Other Financial Investment Activities Depository Credit Intermediation Total, All Occupations 14% Agencies, Brokerages, and Other Insurance Related A Management of Companies and Enterprises Other Investment Pools and Funds Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Management, Scientific, and Technical Consulting Sei Employment projections data for personal financial advisors, 2010-20 Change, 2010-20 Occupational Title SOC Code Employment, 2010 Projected Employment, 2020 Percent Numeric Personal Financial Advisors 13-2052 206,800 273,200 32 66,400 SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations Budget Analysts Financial Analysts Financial Managers Insurance Sales Agents Insurance Underwriters Securities, Commodities, and Financial Services Sales Agents Real Estate Brokers and Sales Agents http://www.cacareerzone.org/profile/13-2052.00 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-1 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-2 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-6 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-7 Finance DegreeColleges financedegreecolleges.com How to Become a Resources Created by: Personal It is also called Financial Advisor Аcсount Executive Analyst Asset Analyst Asset Manager Budget Counselor Credit Counselor Debt Counselor Estate Planner Personal financial advisors typically need a bachelor's degree. A master's degree and certification can improve chances for advancement in the occupation. Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Quick Facts: Personal Financial Advisors $64,750 per year $31.13 per hour 2010 Median Pay Entry-Level Education Work Experience in a Related Occupation None On-the-job Training Number of Jobs Job Outlook Employment Change Bachelor's degree None 2010 206,800 2010-20 32% (Much faster than average) 2010-20 66,400 -Education Required Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities. What Personal Financial Advisors Do > Personal financial advisors typically do the following: > Meet with clients in person to discuss their financial goals. > Explain the types of financial services they provide. > Educate clients and answer questions about investment options and potential risks. > Recommend investments to clients or select investments on their behalf. > Help clients plan for specific circumstances, such as education expenses or retirement. > Monitor clients' accounts and determine if changes are needed to improve account performance or accommodate life changes, such as getting married or having children. > Research investment opportunities. Job Outlook During 2008, this occupation employed approximately 28,400 people in California. It is projected that there will be 34,600 employed in 2018. This occupation will have about 620 openings due to growth and about 300 replacement openings for approximately 920 total annual openings. Personal Financial Advisors Percent change in employment, projected 2010-20 Industries that Employ this Occupation Personal 32% Financial Advisors Business and Financial 17% Operations Occupations Other Financial Investment Activities Depository Credit Intermediation Total, All Occupations 14% Agencies, Brokerages, and Other Insurance Related A Management of Companies and Enterprises Other Investment Pools and Funds Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Management, Scientific, and Technical Consulting Sei Employment projections data for personal financial advisors, 2010-20 Change, 2010-20 Occupational Title SOC Code Employment, 2010 Projected Employment, 2020 Percent Numeric Personal Financial Advisors 13-2052 206,800 273,200 32 66,400 SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations Budget Analysts Financial Analysts Financial Managers Insurance Sales Agents Insurance Underwriters Securities, Commodities, and Financial Services Sales Agents Real Estate Brokers and Sales Agents http://www.cacareerzone.org/profile/13-2052.00 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-1 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-2 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-6 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-7 Finance DegreeColleges financedegreecolleges.com How to Become a Resources Created by: Personal It is also called Financial Advisor Аcсount Executive Analyst Asset Analyst Asset Manager Budget Counselor Credit Counselor Debt Counselor Estate Planner Personal financial advisors typically need a bachelor's degree. A master's degree and certification can improve chances for advancement in the occupation. Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Quick Facts: Personal Financial Advisors $64,750 per year $31.13 per hour 2010 Median Pay Entry-Level Education Work Experience in a Related Occupation None On-the-job Training Number of Jobs Job Outlook Employment Change Bachelor's degree None 2010 206,800 2010-20 32% (Much faster than average) 2010-20 66,400 -Education Required Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities. What Personal Financial Advisors Do > Personal financial advisors typically do the following: > Meet with clients in person to discuss their financial goals. > Explain the types of financial services they provide. > Educate clients and answer questions about investment options and potential risks. > Recommend investments to clients or select investments on their behalf. > Help clients plan for specific circumstances, such as education expenses or retirement. > Monitor clients' accounts and determine if changes are needed to improve account performance or accommodate life changes, such as getting married or having children. > Research investment opportunities. Job Outlook During 2008, this occupation employed approximately 28,400 people in California. It is projected that there will be 34,600 employed in 2018. This occupation will have about 620 openings due to growth and about 300 replacement openings for approximately 920 total annual openings. Personal Financial Advisors Percent change in employment, projected 2010-20 Industries that Employ this Occupation Personal 32% Financial Advisors Business and Financial 17% Operations Occupations Other Financial Investment Activities Depository Credit Intermediation Total, All Occupations 14% Agencies, Brokerages, and Other Insurance Related A Management of Companies and Enterprises Other Investment Pools and Funds Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Management, Scientific, and Technical Consulting Sei Employment projections data for personal financial advisors, 2010-20 Change, 2010-20 Occupational Title SOC Code Employment, 2010 Projected Employment, 2020 Percent Numeric Personal Financial Advisors 13-2052 206,800 273,200 32 66,400 SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations Budget Analysts Financial Analysts Financial Managers Insurance Sales Agents Insurance Underwriters Securities, Commodities, and Financial Services Sales Agents Real Estate Brokers and Sales Agents http://www.cacareerzone.org/profile/13-2052.00 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-1 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-2 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-6 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-7 Finance DegreeColleges financedegreecolleges.com How to Become a Resources Created by: Personal It is also called Financial Advisor Аcсount Executive Analyst Asset Analyst Asset Manager Budget Counselor Credit Counselor Debt Counselor Estate Planner Personal financial advisors typically need a bachelor's degree. A master's degree and certification can improve chances for advancement in the occupation. Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Quick Facts: Personal Financial Advisors $64,750 per year $31.13 per hour 2010 Median Pay Entry-Level Education Work Experience in a Related Occupation None On-the-job Training Number of Jobs Job Outlook Employment Change Bachelor's degree None 2010 206,800 2010-20 32% (Much faster than average) 2010-20 66,400 -Education Required Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities. What Personal Financial Advisors Do > Personal financial advisors typically do the following: > Meet with clients in person to discuss their financial goals. > Explain the types of financial services they provide. > Educate clients and answer questions about investment options and potential risks. > Recommend investments to clients or select investments on their behalf. > Help clients plan for specific circumstances, such as education expenses or retirement. > Monitor clients' accounts and determine if changes are needed to improve account performance or accommodate life changes, such as getting married or having children. > Research investment opportunities. Job Outlook During 2008, this occupation employed approximately 28,400 people in California. It is projected that there will be 34,600 employed in 2018. This occupation will have about 620 openings due to growth and about 300 replacement openings for approximately 920 total annual openings. Personal Financial Advisors Percent change in employment, projected 2010-20 Industries that Employ this Occupation Personal 32% Financial Advisors Business and Financial 17% Operations Occupations Other Financial Investment Activities Depository Credit Intermediation Total, All Occupations 14% Agencies, Brokerages, and Other Insurance Related A Management of Companies and Enterprises Other Investment Pools and Funds Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Management, Scientific, and Technical Consulting Sei Employment projections data for personal financial advisors, 2010-20 Change, 2010-20 Occupational Title SOC Code Employment, 2010 Projected Employment, 2020 Percent Numeric Personal Financial Advisors 13-2052 206,800 273,200 32 66,400 SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations Budget Analysts Financial Analysts Financial Managers Insurance Sales Agents Insurance Underwriters Securities, Commodities, and Financial Services Sales Agents Real Estate Brokers and Sales Agents http://www.cacareerzone.org/profile/13-2052.00 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-1 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-2 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-6 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-7 Finance DegreeColleges financedegreecolleges.com How to Become a Resources Created by: Personal It is also called Financial Advisor Аcсount Executive Analyst Asset Analyst Asset Manager Budget Counselor Credit Counselor Debt Counselor Estate Planner Personal financial advisors typically need a bachelor's degree. A master's degree and certification can improve chances for advancement in the occupation. Certified Financial Planner (CFP) Chartered Financial Analyst (CFA) Quick Facts: Personal Financial Advisors $64,750 per year $31.13 per hour 2010 Median Pay Entry-Level Education Work Experience in a Related Occupation None On-the-job Training Number of Jobs Job Outlook Employment Change Bachelor's degree None 2010 206,800 2010-20 32% (Much faster than average) 2010-20 66,400 -Education Required Personal financial advisors typically need a bachelor's degree. Although employers usually do not require a specific field of study for personal financial advisors, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities. What Personal Financial Advisors Do > Personal financial advisors typically do the following: > Meet with clients in person to discuss their financial goals. > Explain the types of financial services they provide. > Educate clients and answer questions about investment options and potential risks. > Recommend investments to clients or select investments on their behalf. > Help clients plan for specific circumstances, such as education expenses or retirement. > Monitor clients' accounts and determine if changes are needed to improve account performance or accommodate life changes, such as getting married or having children. > Research investment opportunities. Job Outlook During 2008, this occupation employed approximately 28,400 people in California. It is projected that there will be 34,600 employed in 2018. This occupation will have about 620 openings due to growth and about 300 replacement openings for approximately 920 total annual openings. Personal Financial Advisors Percent change in employment, projected 2010-20 Industries that Employ this Occupation Personal 32% Financial Advisors Business and Financial 17% Operations Occupations Other Financial Investment Activities Depository Credit Intermediation Total, All Occupations 14% Agencies, Brokerages, and Other Insurance Related A Management of Companies and Enterprises Other Investment Pools and Funds Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program Management, Scientific, and Technical Consulting Sei Employment projections data for personal financial advisors, 2010-20 Change, 2010-20 Occupational Title SOC Code Employment, 2010 Projected Employment, 2020 Percent Numeric Personal Financial Advisors 13-2052 206,800 273,200 32 66,400 SOURCE: U.S. Bureau of Labor Statistics, Employment Projections program Similar Occupations Budget Analysts Financial Analysts Financial Managers Insurance Sales Agents Insurance Underwriters Securities, Commodities, and Financial Services Sales Agents Real Estate Brokers and Sales Agents http://www.cacareerzone.org/profile/13-2052.00 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-1 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-2 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-4 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-6 http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm#tab-7 Finance DegreeColleges financedegreecolleges.com How to Become a Resources Created by: