What is a Financial Advisor?
A career as a financial advisor means helping people plan and budget for the future. For example, they may help you retire in 20 years, or they can help terminate debt. In essence, advisors help you make informed financial choices. The day-to-day work life includes a lot of meetings with clients. For example, meeting with potential clients, implementing goals of clients, and reviewing the status of plans with existing clients. Additionally, financial advisors are able to work on their own schedule. Because their salary is mostly commission, they choose when they make money. This flexibility can be quite beneficial for those who have commitments outside of work.
Qualifications Recommended
- Bachelor’s Degree
- Internships
- Certifications
Certifications and Licenses
Because there are a few different sectors, certification requirements will vary. To elaborate, you may be employed by a broker-dealer such as Computershare, a bank that offers advising, or an independent firm. These variables will determine the level of certificates and licenses you need. To view the certifications and licenses required click here.
Compensation
Salary can vary greatly depending on your sales abilities, most start with a base pay and earn commission. The average salary in the United States ranges from less than $41,160 to over $208,000.
In our interview with Josh Jogwe he reminds us of the importance of finding a mentor that can help you advance. Because the most profitable clients are likely to be in the older demographic, it’s important to know advisors that can help you build those connections. Make a solid first impression and build a relationship with senior staff so they want to help you succeed in your career.
For more career advice check out Corporate Minority Career Insights.
