Education Career Articles

Connect Facebook Connect Twitter Connect Google+ Connect Pinterest Connect Stumbleupon

Salary Information for Financial Planners

Career News November 15, 2013

Financial planners are professionals who specialize in planning major aspects of personal finance, including cash flow, retirement, college, investment, risk management and insurance. The process is intensive and must be custom made to a client’s living and work situation. For this reason, financial planning pays well.

The Expected Salary for Financial Planners

The salary for this career field is anywhere from $84,000 to upwards of $200,000, which is impressive even when compared to other CPAs and accountants. The majority of workers make approximately $80,000 and only 5 percent make $200,000 or more. As a whole, job growth is at a steady 25 percent and rising, until the end of the decade.

Salary will be affected by factors such as location, job title, position and the applicant’s area of expertise. For example, chief executives who start as financial planners can make well over $200,000, while financial advisors can make $122,000, in many cases. The median wage was $64,000. Even the lowest earners pocketed $32,000.

Other factors to consider are finding employment at a firm versus self-employment. Firms tend to pay more in bonuses, but you don’t have as much capacity to earn, since you work for a salary and don’t name your own terms. Self-employed planners charge a percentage of the assets they handle and the money earned, though some will work for an hourly fee.

Industries to target include financial investment, credit intermediation, securities and commodities and insurance carriers. Prepare to spend 40-50 hours a week working in the office, though attending conferences or special classes is not an uncommon request from firms. About a quarter of the financial planning population works 50 hours or more every week.

How to Put Yourself Ahead of the Competition

Though the career is growing, and has promise thanks to the retiring baby boomer age group, this doesn’t mean competition has lessened. This is a high-paying career field and so it attracts the most ambitious and skilled of financial planners.

While there is no formal rule suggesting an MBA or master’s degree (this is a course that rewards education, but also real world experience), it is safe to assume that more education gives you the advantage over similarly experienced applicants. Working on your skill sets, as well as cultivating your people skills, is a smart move, considering that your clients will count on you, to guide them in multiple disciplines of finance.

The Importance of a Strong Education

If you are interested in this promising career path, then it’s time to boost your education by taking a relevant course. For example, finance, accounting, and other economic courses will go well on a resume. Work experience is also a prerequisite, so start working while you’re still in school. The University of Maryland at College Park has courses that can be of assistance, though any reputable and accredited school is a wise career choice.

Don’t wait until the perfect opportunity comes around—make the opportunity happen. You can start learning the business now, gain some work experience, and press on to a personally and professionally rewarding career.

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
2 Program(s) Found
  • Online bachelor's programs include BBA, Criminal Justice, IT, Healthcare Management, Pscyhology & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses

Searching Searching ...

Matching School Ads
2 Program(s) Found
  • Become the leader you know you can be @ Ashford University
  • Apply Now! Classes Start Every Tuesday!
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • There's still time to apply to Grand Canyon University and pursue your education. Learn more today!
  • Study on your schedule - GCU offers many programs 100% online to fit your busy lifestyle.
  • GCU offers a variety of opportunities to reduce the cost of furthering your education. Campus students may qualify for scholarships, while online students can take part in limited special offers.
  • A regionally accredited university, GCU also holds specialized accreditations and approvals for some of our core program offerings.
  • Degrees in business, education, nursing, humanities and social sciences, theology and more. Find the degree that fits you.
  • Talk to us today to learn more about financial aid and start dates!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Education Connection is a 100% Free College Matching Service used by 50,000 People Daily.
  • Get Matched to the Right Business Administration and Management, Accounting, Healthcare Administration, Marketing and Entrepreneurship Degree Program for YOU.
  • Affordable and Flexible Business Degree Programs from Top Colleges Across the Nation. Both Online And Campus!
  • Just Fill Out a Few Questions and You Can Find Your Perfect Business Degree Program Within Minutes.
  • Start Using our Fast, Free, and Easy Matching Service Right HERE and Right NOW!
  • Online Courses
  • Designated as a 2015 Military Friendly® School by Victory Media, publishers of G.I. Jobs®.
  • Each program is designed to instill the knowledge, ethical values, and interpersonal skills of professional practice and to foster values of social responsibility.
  • Offers several flexible learning options, including a blended format that combines campus and online learning.
  • Several scholarship opportunities are available for students who qualify.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits
  • Online Bachelor's programs include BBA, Criminal Justice, Psychology, IT, Healthcare Management & Public Health
  • Over 115 years of delivering quality education and personalized attention to students
  • Provide a range of campus experiences and services online including advising, tutoring, student community, and career services
  • Give students and alumni access to career assistants who help with resumes, cover letters, job hunting, and more.
Good for Working Adults
  • Online Courses
  • Flexible Scheduling
  • Financial Aid
  • Transferable Credits

Login to your account

Can't remember your Password ?

Register for this site!