Many people rely on financial advisors to help them achieve financial freedom. So if you're interested in getting into the line of helping people type of work, then becoming a financial advisor might be the way to go.
Finance advisors line their days up with a lot of important work; they help people manage their money as well as assisting them in reaching their financial goals. Your day-to-day work can change in a blink of an eye.
As a financial advisor, your schedule might be chalked full with investment management one day while being filled up with estate planning the next. The best part is that you can go home once that day is over and leave work for the office. Typically, financial advisors don't work more than the average 40-hour workweek.
There is more than meets the eye when it comes to being a finance advisor. For example, did you know that they make an average of $38.14 an hour? That's $79,329 a year!
Between 2018 and 2028, the career is expected to grow 7% and produce 19,100 job opportunities across the U.S.
There are certain skills that many finance advisors have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed interpersonal skills, sales skills and speaking skills.
When it comes to the most important skills required to be a finance advisor, we found that a lot of resumes listed 9.5% of finance advisors included financial goals, while 9.4% of resumes included investment products, and 9.4% of resumes included financial services. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the finance advisor job title. But what industry to start with? Most finance advisors actually find jobs in the finance and insurance industries.
If you're interested in becoming a finance advisor, one of the first things to consider is how much education you need. We've determined that 68.1% of finance advisors have a bachelor's degree. In terms of higher education levels, we found that 11.3% of finance advisors have master's degrees. Even though most finance advisors have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become a finance advisor. When we researched the most common majors for a finance advisor, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on finance advisor resumes include associate degree degrees or high school diploma degrees.
You may find that experience in other jobs will help you become a finance advisor. In fact, many finance advisor jobs require experience in a role such as internship. Meanwhile, many finance advisors also have previous career experience in roles such as customer service representative or sales representative.