Im interested in being a financial advisor or planner?
Question:
Answer:
U.S. Department of Labor
Bureau of Labor Statistics
Occupational Outlook Handbook
http://www.bls.gov/oco/ocos259.htm...
A college degree and good interpersonal skills are among the most important qualifications for these workers.
Although both occupations will benefit from an increase in investing by individuals, personal financial advisors will benefit more.
Financial analysts and personal financial advisors who have earned a professional designation are expected to have the best opportunities; competition is anticipated to be keen for highly lucrative positions in investment banking.
About 4 out of 10 personal financial advisors are self-employed
Financial analysts and personal financial advisors held 355,000 jobs in 2004, of which financial analysts held 197,000. Many financial analysts work at the headquarters of large financial companies, several of which are based in New York City. More than 4 out of 10 financial analysts work for finance and insurance industries, including securities and commodity brokers, banks and credit institutions, and insurance carriers. Others worked throughout private industry and government.
Personal financial advisors held 158,000 jobs in 2004. Much like financial analysts, more than half work for finance and insurance industries, including securities and commodity brokers, banks, insurance carriers, and financial investment firms. However, 4 out of 10 personal financial advisors are self-employed, operating small investment advisory firms, usually in urban areas.
Overall employment of financial analysts and personal financial advisors is expected to increase faster than average for all occupations through 2014, resulting from increased investment by businesses and individuals. Personal financial advisors will benefit even more than financial analysts as baby boomers save for retirement and as a generally better educated and wealthier population requires investment advice. In addition, people are living longer and must plan to finance more years of retirement. The globalization of the securities markets also will increase the need for analysts and advisors to help investors make financial choices. Financial analysts and personal financial advisors who have earned a professional designation are expected to have the best opportunities.
Median annual earnings of financial analysts were $61,910 in May 2004. The middle 50 percent earned between $47,410 and $82,730. The lowest 10 percent earned less than $37,580, and the highest 10 percent earned more than $113,490.
Median annual earnings of personal financial advisors were $62,700 in May 2004. The middle 50 percent earned between $41,860 and $108,280.
MUCH MORE INFORMATION AVAILABLE AT THE DEPARTMENT OF LABOR WEBSITE.
meet nearest sbilife insurance office ,meet any unit mager there he will guide u , if u r in hyderabad call me directly on 9440884300. or mail to mrkdas@yahoo.com with u r resume.
i am prefering sbi bcz its the next to lic in future and more secured.
You must be good at financial software also
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