Why I Want To Be A Financial Advisor

A personal financial advisor is a person who gives advice on many things including investments, insurance, mortgages, college loans and savings, estate planning, taxes, and retirement. Their jobs are to help individuals manage their accounts and finances in a good way. They have the responsibilities of helping their clients plan for their short and long-term financial goals. The responsibilities that I would like would be to help all the people that I could, and that I could make people’s lives better by helping them manage their finances so they can use them in the best ways that they can. The responsibilities that I would not like would be having all the pressure of people’s money on your shoulders. If you were to make a mistake and misguide
them, they could have financial problems and it would be your fault. So, there are some good and some bad responsibilities of being a personal financial advisor. There are some personal characteristics that people need to become personal financial advisors.
These characteristics include understanding math and numbers, having good communication skills, being able to do thorough research, having good salesmanship skills, and also strong negotiation skills. All of these skills would be important because they can all help you in different areas of the job. This career fits my personality because I enjoy math and dealing with numbers, and I am pretty good at it, too. I also enjoy helping people and being a financial advisor would give me more opportunities to do that. This career also requires many personal values, like helping others, a good status, cleanliness, and many others. All of these personal values are very important to me because they are all very important in being successful in your job and in your life in
general. To be a personal financial advisor, you need to have certain education. In high school, there are specific classes that you can take that will help you to become a financial advisor. At West Central, they offer Accounting 1, Accounting 2, Business Law, Entrepreneurship, Personal Finance, Career Exploration, and Leadership and Service classes. All of these classes can put you on the road to becoming a personal financial advisor. After high school, you will need to go to college if you really want to pursue this career. In college, you typically would need a bachelors degree to start off, but a masters degree if you want more opportunities of advancement. Major firms or high-end clients may require their financial advisors to continue their education at the graduate level. You can major in many things like finance, economics, business, statistics or similar fields are fine. You can basically get these degrees at any college, depending on what major you decide. Some examples of colleges in South Dakota are SDSU, USD, DWU, to name a few. The work setting of a personal financial advisor is very similar to any office worker.
Financial planners work in offices and in the field, either alone or in teams. They may hold financial planning workshops with local community groups or at adult schools. Some financial advisors meet their clients at their homes or businesses. Financial planners sometimes work more than forty hours per week, especially in the beginning when they are trying to establish certain clients. Usually they work for long hours in the office. Some financial advisors even have to work evenings and weekends to meet with clients. They will usually travel by your own car, or by a company issued car to go meet with clients. This job can be very stressful at time depending on how many clients you are working with at a time. What I would like about the work setting would be getting to get out of the office often to meet with clients. What I would dislike about this work setting would be that are often long hours of sitting in and office trying to get things
done. Although financial advisors have often work for long hours, the pay is worth it. The median pay for a financial advisor is $90,530 per year, and about $43.50 an hour. From a beginner in this job to an experienced worker, all levels of experience in this job typically get payed the same, depending on who your employer is. Financial Advisors also receive most of benefits that other jobs do. The benefits vary between companies, but most receive great healthcare and other insurances. They get a reasonable amount of paid sick leave and vacation days per year. With this career’s excellent pay, this occupation would provide enough income to live as I have planned and how I would like to live. The occupational outlook for this career is very good. It is about fourteen percent, which is way faster than average. The demand for this career should keep increasing. It will increase because more people will graduate college and start families, opening up the need for someone to advise them with their financials. In conclusion, this job would right for me for many reasons. It fits my personality because I enjoy helping people. It also fits my interests because I enjoy doing math. It also goes with my personal values of being honest and trustworthy. My educational plans fit with this career because it is the same amount of schooling that I would like to have. So, this would be a very good fitting job for me, and also a career that I would enjoy very much.