Become a Personal Financial Adviser

Become a fiancial advisor

Personal financial advisers work with clients to help them manage their money and assets. They work face-to-face with individuals to help them do their taxes, analyze potential risks in their investments, research and discuss investment opportunities in the form of stocks and bonds and ultimately help put people on a track toward a comfortable retirement or merely a higher standard of living.

With online financial advisor schooling, you can schedule periods of study and classwork around your current responsibilities. Beginning courses online may give you the chance to pursue a new career without requiring a time-consuming commute and can allow you to work at your own pace. What's more, these classes may teach you about the basic techniques employed by financial advisors and inform you about the most necessary skills required by employers.

 
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Are Online Personal Financial Advisor Programs for You?

Here are some things to consider when choosing an online personal financial advisor program:

  • Personal financial advisors are primarily employed by financial and insurance companies. While they may also travel and teach conferences to attract clients, they generally work in offices.
  • While the professional experience they need depends on their specific responsibilities, personal financial advisors typically need a combination of licenses and certifications to practice, according to the U.S. Bureau of Labor Statistics[i].
  • Personal financial advisors typically need a bachelor's degree to be hired. However, employers do not always require a specific field of study. Courses in economics, accounting, business, mathematics or law may help, though.
  • While an education may be the key to enhancing your career, employers typically recognize certifications such as the Certified Financial Planner (CFP) certification. Research the personal financial advisor program offered by your prospective online school to see if the coursework may prepare you for certification exams.

Personal Financial Advisor Careers and Potential Salaries

There are many career paths you may choose to pursue after attending online courses in a personal financial advisor program. Study which routes you may take an interest in before signing up for courses. Whether you want to manage large sums of money as a private banker or wealth manager or choose to work with a broader range of medium income clients, there are many options to choose from.

Personal Financial Advisors[i]

This is the general title for professionals that work with various clients to manage their money, assets, taxes, investments and more. They work directly with clients, for big firms and for smaller institutions doing everything from creating specific plans for educational expenses to selling insurance.

  • See the BLS for median annual salary information
  • Job growth through 2022: 27 percent (much faster than average)
  • Entry-level education: Bachelor's degree

Budget Analysts[ii]

Instead of working with specific people, budget analysts work with specific businesses or institutions to analyze their spending habits and identify how a business uses its assets. They work with public as well as private institutions and draft budget reports and study the spending of the organization.

  • See the BLS for median annual salary information
  • Job growth through 2022: 6 percent (slower than average)
  • Entry-level education: Bachelor's degree

Financial Analysts[iii]

Similarly, financial analysts also work with public and private businesses as well as individuals. However, instead of drafting budget reports and researching institutional spending, they study and recommend ways in which an organization can make investment decisions for the future. They research how well stocks, bonds and other investments perform for the company and analyze other ways to increase company earnings.

  • See the BLS for median annual salary information
  • Job growth through 2022: 16 percent (faster than average)
  • Entry-level education: Bachelor's degree

[i] bls.gov/ooh/business-and-financial/personal-financial-advisors.htm

[ii] bls.gov/ooh/business-and-financial/budget-analysts.htm

[iii] bls.gov/ooh/business-and-financial/financial-analysts.htm