What to Consider in a Financial Planning Career
The need to track down finances is widely increasing especially in these times of economic instability. This is why the financial planning career is also becoming in demand that aims to assist individuals with their finances.
A financial planner job description includes:
- Helping individuals or organizations efficiently plan their savings, income as well as investments.
- Helping individuals or organizations in examining immediate and sustainable financial solutions.
- Helping investors decide on which type of investments would yield to high gains.
- Advising individuals or groups in determining when to invest and calculate major expenditures.
- Financial planners must also have sufficient knowledge with regards to legal restrictions and laws governing retirement plans, tax shelter, insurance, trusts, and others.
How to become a financial planner involves the following educational requirements and bachelor’s degrees:
- Business law
- Financial and estate planning
- Good math skills
- Ability to work in budgets and accounting systems
- Acquire Certified Financial Planning (CFP) credential
Financial planners have a career outlook in serving employers in generating high profit gains as well as increasing financial benefits of services and/or products within their scope.
Salary and Income
Salary range and income of financial planners depend on their level of experience. Some experienced financial planners charge up to $80,000 to $130,000 annually. Most financial institutions even provide other benefits such as health and insurance, pension plans, and paid vacation and holidays for financial planners.