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Home > Profession > Financial Planner

Financial Planner



Education required for this profession


A bachelor’s or graduate degree is required for financial analysts and is strongly preferred for personal financial advisors. Most companies require financial analysts to have at least a bachelor’s degree in finance, business administration, accounting, statistics, or economics. Coursework in statistics, economics, and business is required, and knowledge of accounting policies and procedures, corporate budgeting, and financial analysis methods is recommended. A master’s degree in finance or business administration also is desirable. Also useful are advanced courses in options pricing or bond valuation and knowledge of risk management.

Relevant Degree/Diploma/Certificate

Bachelors Degree in finance

Quick Facts

Good interpersonal skills and an aptitude for working with numbers are among the most important qualifications for financial analysts and personal financial advisors. Keen competition is anticipated for these highly paid positions, despite rapid job growth; those who have earned a professional designation or an MBA are expected to have the best opportunities. Almost one third of personal financial advisors are self-employed.

Salary

Median annual earnings, including bonuses, of wage and salary financial analysts are $66,590 . The middle 50 percent earn between $50,700 and $90,690. The lowest 10 percent earn less than $40,340, and the highest 10 percent earn more than $130,130.

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Online Universities Offering Degrees for this Profession


A
A.T. Still University of Health Sciences
Abilene Christian University
American InterContinental University Online
American Sentinel University
Antonelli College
Argosy University Online
Ashford University
B
Baker College Online
Bay Path College
Bellevue University
Benedictine University
Boise State University
Boston University
Bowling Green State University
Bryant & Stratton College
Bush School of Government - Texas A&M University
C
California Coast University
California InterContinental University
California State University, Monterey Bay
Capella University
Chamberlain College of Nursing
Chancellor University
Clarion University of Pennsylvania
Cleveland Institute of Electronics
Colorado Technical University Online
Columbia Southern University
Concord Law School
Concordia University Irvine
Creighton University
Cumberland University
D
Daniel Webster College
DePaul University
DeSales University
DeVry University
Dominican University
Drexel University Online
Duquesne University
E
Eastern Kentucky University
eCornell
Ellis University
Everest College Phoenix
Everest University Online
Everglades University
F
Fielding Graduate University
Florida Hospital College of Health Sciences
Florida Tech University Online
Fort Hays State University
Full Sail University
G
Golden Gate University
Gonzaga University
Graceland University
Grand Canyon University
Gratz College
H
Harrison College
Henley-Putnam University
Herzing University
Hodges University
 I
IIA College
Independence University
Indiana State University
Indiana Tech
International Academy of Design and Technology
Iowa Central College Online
Ivy Bridge College
J
Jacksonville University
Jones International University
K
Kaplan University
Keiser University
Keller Graduate School of Management
Kent State University
L
LA College Online
Lehigh University
Lesley University
LeTourneau University
Lewis University
Liberty University Online
Lincoln College Online
Loyola University New Orleans
M
Malone University
Marylhurst University
McKinley College
Minnesota School of Business
Missouri University of Science and Technology
Mountain State University
N
National American University
New England College
New England Culinary Institute
New Jersey Institute of Technology / NJIT
New York Medical College - School of Public Health
Nova Southeastern University
O
Ohio University
Oklahoma Wesleyan University
P
Post University Online
S
Strayer University
Syracuse University
T
The Art Institute of Pittsburgh Online Division
U
UMassOnline
University Alliance
University of Phoenix
W
Walden University

Quick Fact Sheet: Financial Planner


Personal financial advisors usually work with many clients, and they often must find their own customers. Many personal financial advisors spend a great deal of their time making sales calls and marketing their services. Many advisors also meet potential clients by giving seminars or lectures or through business and social contacts. Finding clients and building a customer base is one of the most important aspects of becoming successful as a financial advisor. Financial advisors begin work with a client by setting up a consultation. This is usually an in-person meeting where the advisor obtains as much information as possible about the client’s finances and goals. The advisor then develops a comprehensive financial plan that identifies problem areas, makes recommendations for improvement, and selects appropriate investments compatible with the client’s goals, attitude toward risk, and expectation or need for a return on the investment. Sometimes this plan is written, but more often it is in the form of verbal advice. Advisors sometimes meet with accountants or legal professionals for help.

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