CareerExplorer’s step-by-step guide on how to become a financial advisor.
Is becoming a financial advisor right for me?
The first step to choosing a career is to make sure you are actually willing to commit to pursuing the career. You don’t want to waste your time doing something you don’t want to do. If you’re new here, you should read about: Still unsure if becoming a financial advisor is the right career path? Take the free CareerExplorer career test to find out if this career is right for you. Perhaps you are well-suited to become a financial advisor or another similar career! Described by our users as being “shockingly accurate”, you might discover careers you haven’t thought of before.
High School
While there is no specific high school curriculum that is required to become a financial advisor, there are certain courses that can be helpful in preparing for a career in finance. Here are some subjects that can be beneficial: It's also a good idea for students interested in becoming financial advisors to participate in extracurricular activities that demonstrate their interest in finance and business. For example, joining the school's investment club or participating in a stock market game can provide valuable experience. Ultimately, the most important factor in becoming a financial advisor is obtaining a bachelor's degree and passing the required licensing exams. However, taking high school courses in math, economics, business, and computer science can provide a strong foundation for a career in finance.
Steps on How To Become A Financial Advisor
Here are the general steps to become a financial advisor: It's important to note that the requirements to become a financial advisor can vary depending on the specific career path and the regulatory bodies involved. It's a good idea to research the requirements in your area and talk to professionals in the industry to get a better understanding of the process.
Internships
Getting an internship during university can be a great way to gain practical experience in the field, network with professionals, and build your resume for future job opportunities. Remember that securing an internship can be competitive, so be persistent and apply to multiple opportunities. Here are some tips for securing an internship:
Certifications and Licenses
There are a number of professional certifications and licenses that financial advisors can obtain in order to demonstrate their expertise and competency. Some of the most common include: It's worth noting that different certifications and licenses have different requirements and may be more appropriate for different types of financial advising. It's important to research and carefully consider which certifications and licenses are most relevant to your specific area of expertise and practice.
Employment Opportunities
There are a variety of employment opportunities for financial advisors, including: