The goal of most workers is to stop working at some point. People want to live out their old age in comfort while puttering around the garden, filling out crossword puzzles, and thinking about moving to Florida. In order to do that, people need to prepare for retirement while they are still working, which is where a retirement plan specialist comes in.
A retirement plan specialist can work for a company's human resources department or for a bank managing retirement accounts. They explain various benefits accounts to clients, help them choose the best one for their needs, and help them develop good saving habits in order to build up a good nest egg for retirement.
Retirement plan specialists usually need to know a lot about business and finance in order to explain various savings and investment options to clients. It's no surprise that most retirement plan specialists have at least a bachelor's degree in business or a related field.
There is more than meets the eye when it comes to being a Retirement Plan Specialist. For example, did you know that they make an average of $30.39 an hour? That's $63,216 a year!
Between 2018 and 2028, the career is expected to grow 6% and produce 5,300 job opportunities across the U.S.
There are certain skills that many Retirement Plan Specialists 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 Analytical skills, Business skills and Communication skills.
If you're interested in becoming a Retirement Plan Specialist, one of the first things to consider is how much education you need. We've determined that 76.1% of Retirement Plan Specialists have a bachelor's degree. In terms of higher education levels, we found that 8.4% of Retirement Plan Specialists have master's degrees. Even though most Retirement Plan Specialists 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 Retirement Plan Specialist. When we researched the most common majors for a Retirement Plan Specialist, we found that they most commonly earn Bachelor's Degree degrees or Associate Degree degrees. Other degrees that we often see on Retirement Plan Specialist resumes include Master's Degree degrees or High School Diploma degrees.
You may find that experience in other jobs will help you become a Retirement Plan Specialist. In fact, many Retirement Plan Specialist jobs require experience in a role such as Customer Service Representative. Meanwhile, many Retirement Plan Specialists also have previous career experience in roles such as Finance Advisor or Service Representative.