Career Path: Financial Advising

“In this job, 15% of what I do is money. The rest is people.” - Nathan Fair’99

Description

If you enjoy working with people and helping them succeed financially, this is the career for you. A financial advisor meets with clients to assess their monetary goals and create a portfolio of stocks and funds that will allow them to reach these goals. Advisors bridge the gap between people and “the market.” Through listening to clients’ wants and needs, close relationships are developed.

Facts & Figures

Figures taken from the Bureau of Labor Statistics.

  • Number of Jobs in 2020: 275,200
  • Job outlook: 5% (2020-2030)
  • Starting salary: $95,891/yr
  • Mid-career salary: $102,639/yr
  • Typical Entry-Level Education: Bachelor’s Degree

Soft Skills

  • Communication and Interpersonal Skill
  • Adaptability & Flexibility
  • Work Ethic & Integrity

Technical Skills & Credentials

  • A finance minor is highly recommended. Major in Economics or Business Management is encouraged, but not required. Any major would work; people’s skills and effective communication are most important.
  • Eventually, a Series 7 or similar license will be required to practice.

How to Get Started

  1. Talk with your advisor and/or one of Economics & Business faculty, such as:
  2. Minor in Finance (offered by the Business School), and take courses that improve your interpersonal and communication skills.
  3. Connect with Beloit Alumni in financial advising careers (faculty listed above can help). 
  4. Visit Career Works.

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