Transcript: This is expected to be one of the faster-growing occupations over the next decade, with a projected growth rate of 27 percent between 2012 and 2022, according to the Labor Department. This increase is expected to be driven by the wave of baby boomers retiring and the fact that people are living longer and have to plan to finance more years of retirement. There is more self-trading. More Investment Options Much more service oriented industry Technology has changed the way the industry works, orders used to have to be written then faxed in Increase in government regulation What is a Financial Adviser? DeZube, Dona. "Is A Career In Financial Planning In Your Future?" Investopedia. N.p., n.d. Web. 8 Nov. 2014. Fernandez, Carlos. "Informal Interview Carlos Fernandez." Telephone interview. 8 Nov. 2014. Needleman, Sarah E. "Working as a Financial Adviser." The Wall Street Journal. Dow Jones & Company, n.d. Web. 8 Nov. 2014. "Personal Financial Advisors." U.S. Bureau of Labor Statistics. U.S. Bureau of Labor Statistics, n.d. Web. 09 Nov. 2014. Quinlan, Casey. "Financial Advisor." Job Overview. US News & World Report, n.d. Web. 10 Nov. 2014. What does the future hold? Financial Adviser What changes has my industry faced? "You can start as a broker, or even a junior analyst. This job is very particular in the sense that you are always a financial adviser. You grow your business with time and as you acquire new clients and assets, you also aquire titles that reflect your experience. However, because your income is generally commissions based these titles don't mean much, they don't even mean you're making more. Generally you will do the same type of work as an entry-level broker as you would a VP Associate, or Senior VP." -Carlos Fernandez What skills are important for Financial Advisers? Financial advisers either earn a percentage of the revenue generated from the assets they oversee or often work on commission. According to the Department of Labor, advisers earned a median salary of $66,120 in 2006 while planners with a number of wealthy clients can earn more than $250,000 a year. What hours do I need to work ? Entry level job and career path How much are Financial Advisers paid? Entry level job and career path -Paola Gutierrez Financial advisers give financial advice to people. They help with investments, taxes, and insurance decisions. A financial advisers goal is to get their clients on track to meet their money goals. Four out of 10 personal financial advisers are self-employed, operating small investment advisory firms, usually in urban areas. Generally, the time spent doing each of these depends on Adviser's career stage and experience Meet with clients in person to discuss their financial goals Explain the types of financial services I can provide to potential clients Educate clients and answer questions about investment options and potential risks Recommend investments to clients or select investments on their behalf Monitor clients’ accounts and determine if changes are needed to improve account performance or to accommodate life changes, such as getting married or having children Research investment opportunities Cold-call potential customers Managerial Tasks Internal and External Marketing Works Cited Financial advisers are generally responsible for managing their own schedules. This however is dependent on the firm that each works for. "I have to work way too many, anywhere from 50-70 hours a week" -Carlos Fernandez Why did I choose this field? What are my day to day tasks? Communication skills Analytical Skills Ability to handle stress Ability to listen Empathy Multitasking Persistence
Transcript: * students should take advanced math courses as well as classes in economics what are special tasks and skills By: Alaina, Adeline, Brianna * * Tax and investment knowledge, pension duties, financial objectives, tax status, and many more they work 60 to 80 hours a week social skills needed what educational background and ongoing training will be accounted for? high school classes Job Environment * Most personal Financial Advisors work in the finance and insurance industry or are self employed. They meet with clients,explain the different financial services, and much more. what do financial advisors do? The starting salary is 108,280 the increase in 5 -10 years is 26.40 Advantages/Disadvantages this job is very technical they usually work 12 to 16 hours a day financial advisors have a bachelors degree in finance math and accounting. starting salary &increase in 5 - 10 years the ability to work for yourself A bachelors degree,strong analytical math, and interpersonal skills Financial Advisor How many hours are worked in day/week
Transcript: Demand Flexible hours Personality money.usnews.com/careers jobunlocker.com "Pink" Dusadee Preechavanichwong High School Diploma bachelor's degree pass the Certified Financial Planner exam NYC Bridegeport, CT Eugene , Oregon Greenvile, & Wilmington, NC Small business Education- What is a Financial Advisor? 60,300 Jobs Best cities to work in organization responsibility communication skills Sources salary design by Dóri Sirály for Prezi start $49,410 median- $75,320 highest paid- $187,199 Overview Flexibility up and coming 25 top job great career Tips To Success meet and council So what does it take? where to start Thanks For listening! :) A Career as a Financial Advisor
Transcript: Financial Advisor Steven Narva What is it? a financial advisor is a professionional who provides financial services to clients based off their financial situation. Why you should be a financial advisor virtually unlimited earning potential flexible work schedule their own choise of professional specialization Advice from a professional "When one is starting out in my side of the business, that requires a good salesmans persistence and creativity. If you love it, you can do it. If you pursue it simply because you think you can make a lot of money, you'll fail. Thats a certainty" Advice Day to Day activities according to a proffessional The daily schedule of a financial advisor email administration phone calls Reading Meetings proposal and business development preparation Education Requirements bachelors degree Licenses/Certifications 1) The Series 7 exam > national pass/fail test 2) The Series 66 > Investment Advisor Representative certification 3) Indiana State Life and Health Insurance License 3 licenses/certifications required Pay and Benefits Average salary per year in the United States is 41k - 130k Some benefits iclude meaningful/unbiased advice unlimited income potential creativity in practice structure Best Parts according to a professional history and current events Coaching entrprenuer side of the job
Transcript: Salary Personal Reasons Contact clients periodically to determine if there have been changes I like the fact that there is no salary cap for this career. It just depends on how much you put into it. I'm really good with math and numbers Overview Education Devise debt liquidation plans that include pay of priorities and timelines Salary depends on clientele and the stock market Projected Growth Expected 32% growth over the next decade Guide people financially and help people invest their money. Financial Adviser Build and maintain client bases, keeping current client plans up to date and recruiting new clients on an ongoing basis Entry level positions will require an associates degree. For most positions it requires a bachelors in finance or accounting. Duties Median Salary: $66,580.00 Monitor financial market trends to ensure that plans are effective and to identify necessary updates
Transcript: FINANCIAL ADVISOR THE RISK Basically you try and help people invest their money. Examples: stock market, apartment complexs (real estate) Try to invest money as fast a spossible for client so you can move on to the next person waiting for your help. Have to meet clients on weekends Mostly 10-12 hour days Have to dress nicely so ypoir clients know you mean bussiness NOT FOR ME Very little room for error Your reputation is everything can loose your job very fast if you are not careful Not the kind of job I want Work in cubicles ussualy long hours ussually the same stuff over and over THE WORK Advantages: You get to meet lots of new people and you get to try and you get to help your clients deal with their financail problems or success. Good Salary if you work hard Disadvantages: Long hours, hard to move up in status LONG LONG HOURS
Transcript: http://money.usnews.com/careers/best-jobs/financial-adviser http://www.bls.gov/ooh/Business-and-Financial/Personal-financial-advisors.htm#tab-2 http://www.campusexplorer.com/careers/E3D9C28E/personal-financial-advisors/ http://www.collegedata.com/cs/data/college/college_pg03_tmpl.jhtml?schoolId=67 https://spike.wharton.upenn.edu/ugrprogram/advising/concentrations/finance.cfm http://www.careerinfonet.org/wages2.asp?next=wages2&level=&optstatus=&id=1&nodeid=208&soccode=&stfips=17&jobfam=&SOC=132051&MSA=23-029404&x=75&y=16 http://www.admissions.upenn.edu/academics/majors-minors http://www.indeed.com/q-Financial-Advisor-jobs.html Earn a Bachelors degree in Economics of Science in Finance Department then: -Become a private Financial Adviser -Work as a Financial Adviser for a Brokerage Projected growth 27% in next 10 years More people want to get assistance because investing is getting more and more confusing Baby-boomers are starting to retire so the hire Financial Advisers. New technologies allow people to do it this kind of work themselves online. Job Outlook/Changes or Trends Licensed Financial Advisor Paid Training Opportunity: Milwaukee, WI Financial Advisor at US Bank-Oregon-OR-Lake Oswego Financial Advisor at GCG Financial-Deerfield IL Financial Advisor at Arjent LLC- New York, NY Financial Advisor at Edward Jones- Mobile IL Wage & Earnings Chart Education Slide 1 University of Pennsylvania Philadelphia PA Large City Setting Enrollment- 21,828 Tuition- $45,890 Room and Board- $12,922 Books and Supplies- $1,190 Summary Slide Education Slide 2 Department- Finance Department Credential- Bachelor of Science of Economics - 4 years Develops Financial skills needed to perform at high level in all areas of finance. Current Openings Meet with clients to discuss: Budgeting plans Investing Decisions Insurance needs education expenses retirement Buying a home Job Outlook Advantages / Disadvantages Projected growth 27% in next 10 years Related Occupations Advantages You can work on your own time Work from home Get to meet new people Help people good pay Location Pay Period 2012 10% 25% Median 75% 90% United State Hourly $22.66 $28.35 $37.00 $49.72 $71.36 Yearly $47,100 $59,000 $77,000 $103,400 $148,400 Illinois Hourly $22.17 $27.03 $34.32 $44.41 $59.26 Yearly $46,100 $56,200 $71,400 $92,400 $123,300 Lake, Kenosha Hourly $24.36 $29.29 $33.77 $39.80 $48.19 County IL-WI Yearly $50,700 $60,900 $70,200 $82,800 $100,200 Metropolitan Division Most financial advisers work in offices or at home. Regular business hours (40 hours) travel to conferences 1/4 are self employed Low stress job compared to other occupations Lowest 10%- $32,280 Top 10%- $187,200 Budget Analyst Financial Analyst Insurance Sales Agent Financial Manager Insurance Underwriter Resources Job Description Disadvantages Overall this seems like a pretty good job to have because it has a lot of good advantages for it and it has a good salary. It also looks like a good job because the employment is projected to grow very highly so it might be an easy job to obtain. Work Environment Financial Advisor By: Jack Neal Career Path You can lose business by making poor decisions Can't control the market so you can't control results of your work. Might have to work extra hours.
Transcript: Future Employment My name is Abdallah Osman and I am 19 years old. I am a first year College student. I consider myself to be outgoing and approachable. My dream career is to become a Financial Advisor and hopefully open up my own firm in the future. I have always been good at working with numbers, and this career requires a lot of that. Helping people is also important to me, and this job allows me to help people with their financial goals, so they can build a family or buy a car. The first time I heard about a Financial Advisor was from a close family member who was in that field. We had a long conversions about all the steps that would be involved to become a successful Financial Advisor. At the time, I was still a High School student and didn't know much about what I wanted to major in, but now I know what I want to do and how much work it will take. How I learned about Financial Advisors This career requires a lot of internships during and after college. I am hoping to get more connections now, so I can have a job when I graduate. As a financial Advisor you have to work for a Financial firm to start out your career Experiences Introduction Salary I have had some experiences working with money. I helped my parents with financial records in a small family business we owned. Last summer I was working with a Financial Advisor in the Columbus area helping them shred documents and other office work and he thought me somethings about his job and information on what it takes to become a Advisor. The average salary for a Financial Advisor is $67,520. http://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm This career path offers me the chance to run my own business If I became a successful Financial Advisor. Financial Advisor Abdallah Osman Interest A Career as a Financial Advisor requires a lot of personal commitment. It takes about five years to build connections with clients and future employers. Clients also have to believe that you have their best interest in mind. As a Financial Advisor you need to have strong communication skills, becuase the job is not just about crunching numbers. http://money.usnews.com/careers/best-jobs/financial-adviser
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