How to Become a Wealth Advisor?
Steps to Become a Financial AdvisorIf 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 DegreeTo 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?
- Computer Literacy
- Excellent Communication
- Series 63
- Attention To Detail
- Interpersonal and Communication
Choose a Specialty in Your FieldAs 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 AdvisorOnce 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 CareerFollowing 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 PathNot 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
Senior Financial Advisor
Lead Financial Advisor
Total Pay Trajectory
Wealth Advisor Career Path
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.