Job Hunting? Demand for Financial Planners Growing
If you’re starting the job hunt or will be soon, financial planning is a wise path to consider, according to a recent press release. Financial planning is a career that offers growth opportunities, flexibility, and a chance to give back to the community, so it should definitely be on your list as a recent graduate or upcoming graduate.
The demand for financial planners is increasing, and the number is expected to grow four times faster than other professions, according to a report by the Bureau of Labor Statistics. Not only does financial planning offer you freedom and the possibility of promotion, but you’ll also be making a difference in someone’s life by assisting them in figuring out and reaching their financial goals.
“There’s so much transformation in one’s life when they get their finances together,” said Brittany Castro, a Los Angeles-based Center for Financial Planning (CFP) professional. “It’s a great feeling because I know I helped them get there.”
From helping to set a budget to planning for retirement and assisting with taxes and insurance coverage, CFP Pros are active members in their communities, helping other members with their financials and enabling them to plan for the future.
Not sure if financial planning is for you? There are lots of reasons to consider exploring the financial planning field — and don’t let misconceptions deter you from doing just that.
If you’re not a big math person, that doesn’t mean you can’t be a financial planner. Financial planning is about more than just math — it’s about solving problems, building relationships, and communicating with clients. CFP Pros help people look at the big picture when it comes to the sometimes daunting aspects of financial planning and future goals.
Additionally, financial planning allows you a lot of flexibility and enables you to keep a good work-life balance. There are a number of different ways you can make it as a financial planner, whether you go out on your own or join a small or larger firm. To that point, in 2014, approximately 1 in 5 personal financial planners were self-employed, according to the Bureau of Labor Statistics.
Beyond those reasons, the fact that the demand for financial planners is increasing is almost reason enough to consider becoming a financial planner; in a tough job market and with a projected increase in job growth for financial advisors, this career is more of a safe bet than other directions. Plus, you’ll get to have a job that’s all about helping others — while helping your bank account, too. According to the Bureau of Labor Statistics, the median pay for personal financial planners is about $89K.
So if you’re going to be entering the job market soon or are trying to figure out what career path is right for you, add financial planner to your list of jobs to consider.
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