Financial Planner

Quick Facts: Personal Financial Advisors
2012 Median Pay $67,520 per year
$32.46 per hour
Entry-Level Education Bachelor’s degree
Work Experience in a Related Occupation None
On-the-job Training None
Number of Jobs, 2012 223,400
Job Outlook, 2012-22 27% (Much faster than average)
Employment Change, 2012-22 60,300

What Personal Financial Advisors Do

Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions.

Work Environment

Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.

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.

Pay

The median annual wage for personal financial advisors was $67,520 in May 2012.

Job Outlook

Employment of personal financial advisors is projected to grow 27 percent from 2012 to 2022, much faster than the average for all occupations. As the population ages and life expectancies increase, demand for financial planning services should increase.