Quick Facts: Financial Planning Industry
Financial Planning Occupations:
- Personal financial advisors$81,060
Online Financial Planning Degrees
In recent years, there has been an increase in the amount of people interested in working as financial planners. There are several reasons why this kind of career may be attractive to individuals, and a lucrative salary is just one. However, it is important to realize that becoming a financial planner is not an easy task. It requires lots of work, dedication and motivation.
Thankfully, online degree programs make it more convenient than ever to earn your degree in this field. If you are interested in becoming a financial planner, then be sure to understand exactly what it takes.Read More ⇣
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- Has been one of the leading career training institutions in Canada for over 40 years.
- Gives students the chance to complete a career-focused program in a matter of months.
- Offers programs in healthcare, business, and technology.
- Emphasizes hands-on training with practical projects.
- Works with industry specialists to create relevant, up-to-date programs.
- Offers flexible schedule options— students can choose between day and evening classes.
- Admits students throughout the year with quarterly start dates in January, April, July, and September.
- Provides faculty-monitored internships or job-related assignments.
- Offers associate and bachelor degree programs in business, design, health, plus certificate programs in practical nurse, medical assistant, and more.
- Preparing students for professional and personal success since 1931.
- $47+ million in Berkeley College institutional aid was provided to qualified students during the 2018-2019 award year.
- 7,000+ students, including more than 350 international students representing over 50 countries
- 3,000+ students took at least one online class in fall 2017
- Best Online Programs for Veterans, 2014-2020 – U.S. News & World Report
- Berkeley College ranked first in its category in Overall Mobility Index, 2017 – The New York Times
- Best Online Bachelor’s Programs, 2014-2020 – U.S. News & World Report
- USDLA/Quality Standards Certification, 2013-2017 – United States Distance Learning Association
- Flexible Scheduling
- Financial Aid
- Transferable Credits
Eligibility and Prerequisites
The first thing that aspiring financial planners need to do is make sure that they are eligible for the degrees and programs necessary. Most financial planners have a minimum of a bachelor's degree, so interested individuals should apply for these degree programs with a high school diploma, a minimum grade point average of 2.5 on a 4.0 scale and the required SAT or ACT scores. Most schools will request that students have taken pre-calculus and algebra classes, and that they have a basic understanding of financial markets. If you can meet these standards, then you will be eligible to earn a degree and be on your way to becoming a financial planner.
Education and Degree Programs
In order to become a financial planner, you will need to have a bachelor's degree in the field. Students can choose to start their education with an associate degree, but to be fully licensed as a financial planner a full bachelor's is required. Although a degree in financial planning is ideal, it is not required. Students who want to work as financial planners might have degrees in accounting, finance, economics or even business administration. There are also shorter certificates available for those with a related bachelor's degree who want to transition into working as a financial planner and need to refresh their education in this field.
Accurate Career Expectations
Those pursuing the goal of working as a financial planner should have realistic expectations about their future careers, job stability and salary. Long hours and job stability may be a factor, but this sector is forecast to grow by a staggering 32 percent in the next decade, according to the Bureau of Labor Statistics, which makes it likely that jobs will be available in abundance. While some graduates enjoy enormous salaries, most average around $64,000 annually with a bachelor's degree.
Financial planners should be calm, have excellent communication skills, be good with numbers and math, have the ability to work long hours when necessary and react appropriately in stressful situations. The best financial planners will be able to deal with customers and clients when necessary, and they should be comfortable with meetings that often take place on the weekends or in the evenings.
Tools and Supplies
Aspiring financial planners who are interested in earning their degrees online will need to have a computer, a regular connection to the Internet and a high quality financial calculator like the HP-12C. Beyond that, online students will enjoy the convenience of not carrying around books or documents and can work entirely from their computers.
Most successful financial planners are certified or licensed by an accredited governing body in order to certify their education, experience and ethics. Aspiring financial planners will want to look into these qualifications offered through the North American Securities Administrator Association or the Certified Financial Planner Board of Standards.
If you are interested in becoming a financial planner and earning a great salary, then consider earning a degree through one of the many accredited online colleges that offer this program.