Why Financial Planning is an Attractive Career
The career of a financial planner can be an enjoyable one. The work is varied and there is a wide range of working conditions. Planners can work for a bank, firms of all sizes, or even as independents. Financial planners have the exciting possibility of helping to make fortunes and they can be handsomely rewarded for their skill. And there is ample opportunity to find work as a financial advisor, provided you have the proper education, skills, and talent.
What does it take to become a financial planner? While there are no laws regulating who can serve in this role, it is important to start with an education in a field that provides the basic financial knowledge. Most financial planners obtain bachelor's degrees in accounting, finance, or business management. And while having a bachelor's may be enough to get your foot in the door, you will appear much more attractive to potential employers and clients if you hold a MBA.
The question on every mind that is considering a career in financial planning is: how much money can I expect to make? New graduates just starting out in a financial planning career may be discouraged by the initial low salary. According the the Department of Labor, a rookie financial planner can expect to make an average of $25,000 in the first year. However, after a decade the average income is $110,000 a year, providing that the person is successful.
With the potential to earn this kind of money on a regular basis, it is understandable why the job is so desirable to so many. In order to remain competitive, a potential financial planner should study, work hard, and gain every advantage possible.