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5 Steps to Preparing For a Financial Advisor Career

If you want great pay in a specialized field, a financial advisor career could be your answer. With positions difficult to land due to their demands, here are 5 steps that will put you on the right path.


A career in finance is one that will present you with a ton of different types of career options, as well as potential paths to find the sort of niche that you want to fill.  However, you also have to know what to expect, as well as how to prepare in order to make the most of a career like this.  Otherwise, you’re going to find that you are not really ready for what the job entails, and that’s going to hold you back.  But planning out a financial advisor career isn’t necessarily that hard, it’s more about dedicating yourself to what’s needed for you to really understand the job.

Basically, this takes a strong background in finance, as well as an education into common financial practices as well as laws in place right now.  What’s more, it can take a specialized look into the different techniques as well as tactics that you’re going to have to employ as a financial advisor, or analyst, or even accountant of any sort.  That’s why it’s important that you know where to start, as well as the basic path that you can expect when it comes to any sort of financial advisor jobs.  Here are 5 common steps as well as things for you to keep in mind when planning your path:

1) Be prepared for the duties and responsibilities your career will entail.

With any type of financial advisor career you can expect several responsibilities that you will have for anyone that you work for as well as with.  Basically this involves counseling people on investment opportunities, as well as how they manage their money, and how they can make their cost of living more affordable.   What’s more, in many cases this is providing sound advice about taxes savings, and everything else of the like, for those in need of the expertise that you can provide.  That means a firm understanding on current tax laws, as well as financial regulations, and even the current state of common investments.

2) Educational requirements.

Alongside other expectations of financial advisor jobs, you’re going to find that there are a lot of educational requirements you’re going to have to meet, in order to be able to better understand the field.  That means getting at the very least a four year bachelor’s degree in business.  Particularly, you want to focus on finance, as well as economics and accounting if you really want to do well with the career.  But beyond just a standard degree, going for your masters is also a good idea, if you really want to be able to qualify for the best possible financial careers out there.

3) Required certification for a financial advisor career.

You’ll also find that you have to be legally certified as a financial advisor before you’re able to offer your services professionally.  This is so that you can prove that you know what you’re talking about, as well as show your awareness of all relevant laws and regulations relating to your field. The main requirement is passing the Series 7 examination, which is provided by the Financial Industry Regulatory Authority.  However there is a catch, and that is that you need a firm to sponsor you, so you’re going to have to basically get the job before you can qualify.

4) Find a financial advisor internship.

This is exactly why you want to find an internship at a major firm.  However, therein lies the major problem with now financial advisor careers are organized these days.  You’re going to find that this is a really hard career to break into, because availability is really low for new recruits, because most firms have abandoned their new recruit training programs.  That means you’re going to be working against the odds, but finding an internship is essential, to show your ability and your drive to succeed, which can lead to sponsorship for the series 7.

5) Be prepared for a really heavy workload.

Taking on major financial advisor careers and job opportunities really means that you’re going to be committing to this being your life.  That’s because starting out you’re going to be putting in 60 to 80 hour weeks in some cases, and that’s really what’s required if you want to get ahead in this type of a business.  If you want to be able to crack the financial world, that’s what’s going to be required of you, so you really need to be prepared going in for the level of commitment you’re going to be required.

 

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