Table of Contents
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|
|Business Management And Administration||11.0%||5.4%||2.1×|
|Marketing And Marketing Research||2.5%||1.8%||1.4×|
|Philosophy And Religious Studies||1.4%||1.2%||1.1×|
Financial Advisor Education Levels
|High school diploma||0%|
How to Become a Financial Advisor
Take the Sokanu Career Test
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Get the Education
Delaware Technical Community College-Terry | Dover, DEOffers: Associates
Delaware Technical Community College-Stanton/Wilmington | Wilmington, DEOffers: Certificate, Associates
Delaware State University | Dover, DEOffers: Bachelors
University of Delaware | Newark, DEOffers: Bachelors
Goldey-Beacom College | Wilmington, DEOffers: Certificate, Associates, Bachelors
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How To Become A Personal Financial Advisor
Personal financial advisors typically need a bachelor’s degree. A master’s degree and certification can improve chances for advancement in the occupation.
Canadian Financial Advisor Qualifications And Courses
Four common financial planning courses and designations in Canada
Financial Advisor Education Requirements And Career Info
Some colleges and universities offer undergraduate and graduate degree programs in financial advising. Degrees in business, accounting or finance are also recommended for those entering this field.