Frequently Asked Question(s)
Q:After becoming a financial advisor, can you tell me what exactly will I be doing?
A:As a financial advisor, you will be responsible for giving advice and recommendations regarding an organization's financial health. The job duties include: researching market trends, analyzing competitors, contracting clients, assisting clients with finance, promoting and selling products, producing financial reports, analyzing financial statements, and more. Browse through our page for more information.
Q:How do i become a financial advisor with just a high school diploma?
A:Unfortunately, you cannot become a financial advisor with just a high school diploma. You must have at least a bachelor degree in finance. As a financial advisor, you must be able to demonstrate strong analytical skills and numeracy skills. A college degree in finance will equip you with a thorough understanding of finance and investments.
Q:What degree do you need to become a financial advisor?
A:To become a financial advisor, you must have at least a bachelor degree in finance and accounting. Most companies prefer hiring candidates who have earned a masters degree in the field. A professional certification or license can help you boost your career as a financial advisor. The Financial Industry Regulatory Authority (FINRA) issues licenses to professionals in this field. You may have to pass written and oral examinations to successfully earn a license.
(Source: The Financial Industry Regulatory Authority FINRA)
Q:What do financial advisor do?
A:Financial advisors provide people with up-to-date information and knowledge regarding their finances. A financial advisor's job includes advising their clients on their financial matters, keeping in mind the laws and regulations that govern taxes, interest rates, pension plans and real estate etc. They also keep a detailed record of their clients assets and investments.
Q:Why become a financial advisor?
A:According to PayScale, finance advisors made a median annual income of $50,128 in 2014. The growth rate for these professionals is steady. Not necessarily are financial advisors are restricted to working in the finance industry. These professionals can seek work in other sectors and can excel in the field with the help of certifications.
Q:How long does it take to become a financial advisor?
A:It can take you 4 to 6 years after you complete your high school to become a financial advisor. You must at least complete a four year bachelor's degree in a relevant subject such as finance, business, economics, mathematics, accounting or corporate law. Many students continue to study and pursue a master's program in one of these subjects. The exact duration will depend upon the academic route you choose.