How To Become A Personal Financial Advisor: Degree and Education Requirements

Stanley TanLeave a Comment



what degree do you need to become a Personal Financial Advisor
majors for Personal Financial Advisors

Personal Financial Advisors

Other names for this job might include Account Executive, Analyst, Asset Analyst, Asset Manager, Budget Counselor, Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), Credit Counselor, Debt Counselor, Estate Planner


  • $118050
    Salary
  • 77%
    Job satisfaction
  • Quite Hard
    Becoming one
  • High
    Job growth
OwlGuru Rank

A+



Be A Personal Financial Advisor: What You Really Need


In this requirements guide for Personal Financial Advisors, you will find out what do you need to become a Personal Financial Advisor and what it takes to become one.

After reading this, you will be able to plan for your future if you want to be a Personal Financial Advisor.



Degree required

Recommended degree level

Bachelor’s Degree

Bachelors degree
57.14%

Post-bachelor certificate
21.43%

First professional degree
10.71%

Some college courses
7.14%

Master’s degree
3.57%

Generally, employers are looking for Personal Financial Advisors who have a Bachelors degree. They also prefer someone who is good in Reading Comprehension and Active Listening.

1 common question that we always get is what major or degree do I need to become A Personal Financial Advisor or what courses do I need to take.

We did a survey to ask other Personal Financial Advisors what did they major in college or university and here are the most popular majors that came up.

Finance, General
Financial Planning and Services

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. A master’s degree and certification can improve chances for advancement in the occupation.



Schools

schools for Personal Financial Advisors

Interested in becoming A Personal Financial Advisor? Find the right schools that can help you to become one. You will need some of your details to get you matched with the right college or university. This service is free thanks to our sponsors.

Questions to ask the university or college:

  1. How many students are in the program?
  2. Is your program accredited?
  3. How many faculty members do you have? Do they hold the right credentials?
  4. What is your job placement rate?
  5. Does your school hold career fairs or other on-campus events with employers? How many employers typically attend?
  6. How many of your students have at least one internship by graduation?

Click to start becoming a Personal Financial Advisor




How long does it take

Difficulty
Quite Hard

You will need a considerable amount of work-related skill, knowledge or experience to be A Personal Financial Advisor.

For example: An accountant must complete 4 years of college and work for several years in accounting to be considered qualified.

To become A Personal Financial Advisor, you will need several years of work-related experience, on-the-job training or vocational training.


How long does it take
3 to 6 years


Work experience
2 to 4 years

2 to 4 years
53.57%

4 to 6 years
28.57%

1 to 2 years
17.86%

No experience
%

0 to 1 month
%

Job training
1 to 2 years

1 to 2 years
25%

2 to 4 years
25%

6 months to 1 year
14.29%

3 to 6 months
10.71%

0 to 1 month
7.14%

Most Personal Financial Advisors have 2 to 4 years work experience and 1 to 2 years job training.

To increase your chances of getting a job, you can look for job training while studying to be one.



License and certifications

Do you need any license or certification
Requirements vary by job tasks


Personal financial advisors who directly buy or sell stocks, bonds, insurance policies, or specific investment advice need a combination of licenses that varies based on the products they sell. In addition to those licenses, smaller firms that manage clients’ investments must be registered with state regulators, and larger firms must be registered with the Securities and Exchange Commission. Personal financial advisors who choose to sell insurance need licenses issued by state boards. State licensing board information and requirements for registered investment advisors are available from the North American Securities Administrators Association. Certifications can enhance a personal financial advisor’s reputation and can help bring in new clients. The Certified Financial Planner Board of Standards offers the Certified Financial Planner (CFP) certification. For this certification, advisors must have a bachelor’s degree, at least 3 years of relevant work experience, pass an exam, and agree to adhere to a code of ethics. The exam covers the financial planning process, insurance and risk management, employee benefits planning, taxes and retirement planning, investment and real estate planning, debt management, planning liability, emergency fund reserves, and statistical modeling.



Skills required

We asked other Personal Financial Advisors if they could only have 5 skills, what would they be. Here is what they said.

1. Reading Comprehension what does this mean
2.Active Listening what does this mean
3.Speaking what does this mean
4.Critical Thinking what does this mean
5.Judgement and Decision Making what does this mean
= Hot in-demand that most employers are looking for

We did some research and found that most successful Personal Financial Advisors have these 5 common characteristics. Most of them had Integrity and Dependability.

1.Integrity
2.Dependability
3.Attention to Detail
4.Concern for Others
5.Persistence




Knowledge required

Just like any other job, you will need some know-hows to do the job. To become a successful Personal Financial Advisors you need to acquire knowledge in these 5 key areas.

1. Customer and Personal Service what does this mean
2.Economics and Accounting what does this mean
3.English Language what does this mean
4.Sales and Marketing what does this mean
5.Administration and Management what does this mean

As A Personal Financial Advisor, you may also be required to know how to use certain Customer relationship management CRM software, Financial analysis software and Financial analysis software tools.

ACT! ACT4Advisors (Customer relationship management CRM software)
Advent Axys (Financial analysis software)
AdviceAmerica AdvisorVision (Financial analysis software)
Advisory World ICE (Financial analysis software)
ASI Client Acquisition Solution (Financial analysis software)
= Hot in-demand that most employers are looking for




How we can help

Start your journey to be A Personal Financial Advisor

Get the best college for Personal Financial Advisors


Discover the best colleges for your $$$


Find colleges have the highest earning grads


Yes, I'm sure







Trusted by over 50,000 fans

[easy-followers title=”” nofollow=”1″ total_type=”text_before” columns=”2″ template=”tinycolor”]

Career type

Business and Finance
Green Enhanced Skills
Research, Design and Consulting Services
Financial and Investment Planning

Other Careers Like This


Help Others Out



Learn more about Personal Financial Advisors

Summary
Job Description
Salary
Requirements (You are here)
Is This Right For Me

Study To Be A Personal Financial Advisor


Related to Personal Financial Advisors Requirements

Personal Financial Advisors requirements, how to become Personal Financial Advisors, degree required to be a Personal Financial Advisor, Personal Financial Advisors license and certifications, majors to be a Personal Financial Advisor, is it hard to become a Personal Financial Advisor and how long does it take

Additional resources

http://www.bls.gov/OOH/business-and-financial/personal-financial-advisors.htm
http://gafm.com/
http://www.finra.org/
http://www.sec.gov/

OwlGuru.com
OwlGuru.com is a career and college finder site. We help students to find a career and college that is right for them.
Personal Financial Advisors
Written by: Stanley Tan
Personal Financial Advisors advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives.
5 / 5 stars

Leave a Reply

Your email address will not be published. Required fields are marked *