A career as a Personal Financial Advisor or as a Surgeon are both worthwhile careers that have a lot to offer, but they differ greatly in terms of educational requirements, job description, work environment, inherent risks, and potential financial compensation.
The education requirements for a Personal Financial Advisor vary on how successful you want to be in the industry. The first step would be getting a Bachelor’s Degree, while it does not have to be in finance or economics, it is recommended (Personal Financial Advisor OOH). A Master’s Degree is not required but it will look better when looking for a job and when building a client base. The more education you have, the more your clients will be able to trust you (Personal Financial Advisor …show more content…
1 in 5 Personal Financial Advisors are self-employed making the work environment very flexible (Personal Financial Advisor OOH). If you don’t own your business, there are multiple places to work as a financial advisor. There are brokerage firms, security exchanges, banks and credit unions (Careers in Finance pg. 10-11).While the work environment is flexible, the job isn’t easy. Most of the time one will be in their office researching or meeting with clients, while some client meetings might be a lunch meeting or at the clients’ home so you will always be on the move depending on how many clients one has. Monthly staff meetings will occur as well as there is an annual Custodian Conference that could be anywhere in the country, those meetings normally last 3 days and occur in June. (Personal Financial Advisor OOH). Clients are very needy people, so much of your day will be allotted to answering the phone and helping clients with their needs and on the computer, and a job as a financial advisor is 70% helping clients, 30% research (Personal Financial Advisor VCV). A career as a financial advisor is very diverse, more so than one might think. “It is a very diverse workplace dominated by white males. Although some traces of discrimination remain, many employers are making a great effort to insure equal opportunity (Careers in Finance pg.
The education requirements for a Personal Financial Advisor vary on how successful you want to be in the industry. The first step would be getting a Bachelor’s Degree, while it does not have to be in finance or economics, it is recommended (Personal Financial Advisor OOH). A Master’s Degree is not required but it will look better when looking for a job and when building a client base. The more education you have, the more your clients will be able to trust you (Personal Financial Advisor …show more content…
1 in 5 Personal Financial Advisors are self-employed making the work environment very flexible (Personal Financial Advisor OOH). If you don’t own your business, there are multiple places to work as a financial advisor. There are brokerage firms, security exchanges, banks and credit unions (Careers in Finance pg. 10-11).While the work environment is flexible, the job isn’t easy. Most of the time one will be in their office researching or meeting with clients, while some client meetings might be a lunch meeting or at the clients’ home so you will always be on the move depending on how many clients one has. Monthly staff meetings will occur as well as there is an annual Custodian Conference that could be anywhere in the country, those meetings normally last 3 days and occur in June. (Personal Financial Advisor OOH). Clients are very needy people, so much of your day will be allotted to answering the phone and helping clients with their needs and on the computer, and a job as a financial advisor is 70% helping clients, 30% research (Personal Financial Advisor VCV). A career as a financial advisor is very diverse, more so than one might think. “It is a very diverse workplace dominated by white males. Although some traces of discrimination remain, many employers are making a great effort to insure equal opportunity (Careers in Finance pg.