Match
89k
Avg US Salary
4.9%
Growth
3.1/5
Rating
145k
Employment
Bachelors Bachelors
Education

Financial Advisor Education Requirements

Financial advisors typically need a bachelor's degree. A master’s degree and certification can improve chances for advancement in the occupation. Although employers usually do not require a specific field of study, a degree in finance, economics, accounting, business, mathematics, or law is good preparation for this occupation. Courses in investments, taxes, estate planning, and risk management are also helpful. Programs in financial planning are becoming more available in colleges and universities.

Financial advisors who directly buy or sell stocks, bonds, insurance policies, or specific investment advice need a combination of licenses that varies based upon the products they sell. In addition to those licenses, smaller firms that manage clients’ investments must be registered with government regulators, and larger firms must be registered with whatever federal government agency regulates these services.

Financial advisors should be good at mathematics because they constantly work with numbers. They determine the amount invested, how that amount has grown or shrunk over time, and how a portfolio is distributed among different investments.

Education History of Financial Advisors

The most common degree held by financial advisors is Finance. 16 percent of financial advisors had a degree in finance before becoming financial advisors. That is over 15 times the average across all careers. Business Management And Administration graduates are the second most common among financial advisors, representing 14 percent of financial advisors in the Sokanu user base, which is 3.9 times the average.

Financial Advisor Education History

This table shows which degrees people earn before becoming a Financial Advisor, compared to how often those degrees are obtained by people who earn at least one post secondary degree.

Degree % of financial advisors % of population Multiple
Finance 15.7%
1.0%
15.2×
Business Management And Administration 13.9%
3.6%
3.9×
Economics 10.8%
2.0%
5.4×
English Literature 3.6%
2.2%
1.6×
Biology 3.0%
1.6%
1.9×
Business 2.4%
1.0%
2.4×
Accounting 2.4%
1.0%
2.5×
Business Economics 2.4%
0.4%
5.4×
Marketing And Marketing Research 2.4%
1.1%
2.2×
Liberal Arts 2.4%
0.8%
3.1×
International Relations 1.8%
0.7%
2.7×

Financial Advisor Education Levels

79% of financial advisors have a bachelor's degree. 14% of financial advisors have a master's degree.

No education 0%
High school diploma 0%
Associate's degree 7%
Bachelor's degree 79%
Master's degree 14%
Doctorate degree 0%

How to Become a Financial Advisor

Interested in becoming a financial advisor? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A bachelors degree is required to be a Financial Advisor. A finance degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.

Further Reading

Find your perfect career

Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

Take the free career test

How to Become a Financial Advisor

Interested in becoming a financial advisor? Here are your next steps.

  1. Take the Sokanu Career Test

    Would you make a good financial advisor? Sokanu's free assessment reveals how compatible you are with a career across 5 dimensions!

    Take the free career test
  2. Get the Education

    A bachelors degree is required to be a Financial Advisor. A finance degree is preferred. Schools offering education in this field include:

    • Columbia College | Columbia, SC
      Offers: Certificate, Associates, Bachelors
    • Albertus Magnus College | New Haven, CT
      Offers: Certificate, Associates, Bachelors
    • Asnuntuck Community College | Enfield, CT
      Offers: Certificate, Associates
    • Lincoln College of New England-Southington | Southington, CT
      Offers: Certificate, Associates
    • University of Bridgeport | Bridgeport, CT
      Offers: Certificate, Associates, Bachelors
  3. Get Hired

      Loading jobs...

    View all jobs →

    Would you like to post jobs on this career? Find the best candidates using Sokanu's new psychometric job platform. Visit employers.sokanu.com today.