How to Become a Wealth Advisor?

Are you thinking of becoming a Wealth Advisor or already started your career and planning the next step? Learn how to become a Wealth Advisor, what skills you need to succeed, how to advance your career and get promoted, and what levels of pay to expect at each step on your career path. Explore new Wealth Advisor job openings and options for career transitions into related roles.
"Financial Advisor" was the nearest match for you query "Wealth Advisor".

Steps to Become a Financial Advisor

If you're considering starting your Financial Advisor career path, it's important to note the skills, qualifications, and time it takes to become a professional Financial Advisor and how to advance your career path. Below are the steps generally required to begin and advance your Financial Advisor career.

Earn a Degree

To begin your Financial Advisor career path, a Bachelor's Degree in Business or a related field is usually necessary in order to remain a competitive option for employers. Focus on industry-specific skill development during your education in order to be properly equipped when applying for entry-level positions and entering the job force. A Financial Advisor internship may be required to earn your Bachelor's Degree and acquire necessary on-the-job skills before entering the workforce.

What type of degree should you pursue to become a Financial Advisor?

85% of people working as a Financial Advisor earned a Bachelor's Degree

What skills do you need to be a Financial Advisor?

  • Credibility
  • Computer Literacy
  • .NET
  • Excellent Communication
  • Series 63
  • Leadership
  • Attention To Detail
  • Interpersonal and Communication
Based on resume data from Glassdoor users who reported working as a Financial Advisor in the United States.

Choose a Specialty in Your Field

As an Financial Advisor, you may be required to choose a specialty within your field. Determine which part of the Financial Advisor field you feel strongest in, and continue taking active steps toward growing in your chosen Financial Advisor specialty.

Get an Entry-Level Position as a Financial Advisor

Once you've acquired a Bachelor's Degree in Business or a related field, you'll typically begin your career as an entry-level Financial Advisor. In general, you can become a Financial Advisor after completing your 4 year Bachelor's Degree in a related discipline. Depending on the type of Financial Advisor role you’re pursuing, you may want to explore certification in certified financial planner.

Advance in Your Financial Advisor Career

Following entry-level, there are several Financial Advisor career path levels to advance into. It can take 2 years as an entry-level Financial Advisor to progress to the senior financial advisor position. Each advanced Financial Advisor position requires approximately 2 years of experience at each level to advance in your Financial Advisor career path. It may be necessary to receive additional education, an advanced degree such as a Master's Degree in a related field, or special certifications in order to advance your Financial Advisor career path.

Continued Education for Your Financial Advisor Career Path

Not all industries and companies require continued education to advance your Financial Advisor career path. However, earning this degree may help you advance to higher-earning positions more quickly. Earning a Graduate Degree in Business can take 4 years to complete. People that have earned their Graduate Degree typically make $113,106 compared to $30,572 for those without that type of degree.

Wealth Advisor Career Path

Financial Advisor

2 - 4Years of Experience
$95K - $177K /yrMost Likely Range
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12% advanced to

Senior Financial Advisor

2 - 4Years of Experience
$91K - $164K /yrMost Likely Range
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Lead Financial Advisor

5 - 7Years of Experience
$112K - $202K /yrMost Likely Range
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Total Pay Trajectory

Wealth Advisor Career Path

Financial Advisor I
Financial Advisor
Senior Financial Advisor
Financial Advisor Manager
Lead Financial Advisor
Head Financial Advisor
Vice President of Finance
Senior Vice President of Finance
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Related Careers in the Finance & Accounting Industry

Interested in other Finance & Accounting careers? Below are occupations that have high affinity with Wealth Advisor skills. Discover some of the most common Wealth Advisor career transitions, along with skills overlap.

Financial Analyst
13% skills overlap
15% transitioned to Financial Analyst