$89k $89k
249k 249k
29.6% 29.6%
2.7/5 2.7/5
Bachelors Bachelors


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.

What are Financial Advisors like?


Based on our pool of users, financial advisors tend to be predominately enterprising people. Take our career test to see what career interest category best describes you.

Industrial Designers by Strongest Interest Archetype

Based on sample of 434 Sokanu users

Are Financial Advisors happy?


Financial advisors rank among the least happy careers. Overall they rank in the 14th percentile of careers for satisfaction scores.

Industrial Designer Career Satisfaction by Dimension

Percentile among all careers

Education History of Financial Advisors

The most common degree held by financial advisors is Finance. 15% of financial advisors had a degree in finance before becoming financial advisors. That is over 9 times the average across all careers. Business Management And Administration graduates are the second most common among financial advisors, representing 11% of financial advisors in the Sokanu user base, which is 2.1 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 14.9% 1.7% 8.7×
Business Management And Administration 11.0% 5.4% 2.1×
Economics 8.7% 3.2% 2.7×
Business 3.9% 1.9% 2.1×
Accounting 3.0% 1.4% 2.1×
Marketing And Marketing Research 2.5% 1.8% 1.4×
English Literature 2.5% 3.9% 0.6×
Psychology 2.3% 5.3% 0.4×
Business Economics 1.6% 0.6% 2.7×
Human Resources 1.6% 0.7% 2.2×
History 1.6% 1.8% 0.9×
Biology 1.4% 2.8% 0.5×
Communications 1.4% 2.6% 0.5×
Mathematics 1.4% 1.6% 0.9×
Liberal Arts 1.4% 1.4% 1.0×
Philosophy And Religious Studies 1.4% 1.2% 1.1×
International Relations 1.1% 1.2% 0.9×
Political Science 1.1% 2.4% 0.5×

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

Think you might be 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

    • Delaware Technical Community College-Terry | Dover, DE
      Offers: Associates
    • Delaware Technical Community College-Stanton/Wilmington | Wilmington, DE
      Offers: Certificate, Associates
    • Delaware State University | Dover, DE
      Offers: Bachelors
    • University of Delaware | Newark, DE
      Offers: Bachelors
    • Goldey-Beacom College | Wilmington, DE
      Offers: Certificate, Associates, Bachelors
  3. Get Hired
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Further Reading

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