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what are the career opportunities to become a financial advisor?

I am a commerce student and want to make my career as financial advisor...what all I have to study to make my dream career into reality? #finance #accounting #economics #commerce #legal-advice

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Mohamed’s Answer

Education required to be a financial advisor
The minimum education required to become a financial advisor is a bachelor's degree. Someone with a specialization in the fields of accounting and financial management can also take up this profession.

With regard to certification, the said person is required to obtain NISM (National Institute of Securities Market (NISM) Series-X-A: Investment Adviser (Level 1) as well as NISM Series-X-B: Investment Adviser (Level 2) certification.
This is an educational institute established by the Securities and Exchange Board of India (SEBI) in 2006.
How will your career progress as a financial advisor?
To be a financial advisor, it is advised to start with an internship in any financial organisation, which will enhance your knowledge on financial products and processes, during which, one can complete the necessary tests and certifications from SEBI to become an advisor.

In general, investment advisors after certification can start their own practice or work for any organization in the field of financial services.
source: https://www.indiatoday.in/education-today/jobs-and-careers/story/career-guide-for-financial-advisor-or-investment-advisor-education-skills-needed-salary-range-1602259-2019-09-23

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Madhusudhan’s Answer

bachelor’s degree is required for a career as a financial advisor. Majors in finance, economics, business, statistics or similar fields are acceptable. Financial advisors can be generalists, or they may specialize in one of several areas, including retirement, taxes, estate planning, or insurance and risk management.
Major firms or high-end clients may require their financial advisors to continue their education at the graduate level. Some pursue an MBA program after working in the profession for a number of years and while continuing their full-time employment

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suraj’s Answer

Career Requirements
Degree Level Bachelor's degree, some positions require graduate degrees
Degree Field Business, finance, economics, accounting or mathematics
Licensure and Certification Various licenses are required for financial advisors who buy or sell stocks, bonds, insurance and other investment advice; voluntary certification is available
Key Skills Analytical and mathematical skills; strong interpersonal skills
Salary (2014) $81,060 (median for personal financial advisors)

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Satish’s Answer

• A bachelor's degree in finance, accounting, economics, business, or mathematics could be a good first step to a financial career
• Joining a business administration program will cover subjects like operations management, marketing, finance, and accounting.
• Joining a finance-focused program will cover specific subjects like investments, financial planning, and risk management.
• It is also important to develop marketing skills if you want to be an independent financial advisor.
• And lastly, you need a license in case if you want to be an independent financial advisor

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Shraddha’s Answer

A undergrad degree in commerce with economics followed with an MBA in Finance or CFA degree helps you with gaining all the theoretical knowledge you need to be a financial advisor.
Intern at any good financial consulting firm and you learn the nitty gritties of the task on the job!!

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Wilson’s Answer

Hello kusum ,
About Financial advisor
A financial advisor is a person who provides financial advice and guidance to the clients. He is responsible for building trusts with the costumers and providing them with the service they want. A financial advisor can offer many different services such as investment management, tax planning and estate planning. Besides this, he also helps the clients to plan long-term as well as short-term goals such as retirement, education expenses and investments. People also hire financial advisors for tax services and selling insurance. A career as a financial advisor is perfect for the candidates who are interested in providing services to the costumers as per their need and requirements. Besides this, candidates who enjoy analysing the financial market and playing with numbers are also suitable for this profile. Since the financial market is growing rapidly, people are moving to help fo financial advisors to manage their financial expenses and savings. This has led to an increase in the demand for qualified and skilled financial advisors. Candidates who are looking for a career as financial advisor may pursue any master degree related to finance and then they can apply for a job.

Eligibility to become Financial advisor
Candidates should satisfy the minimum eligibility requirements decided below

Education: Every firm has its own eligibility requirements. Candidates may check the job description of any company to know the minimum requirements for the job. Some of the companies require candidates with a master degree in a finance-related stream while brokerage firms might hire candidates on the basis of their performance in the bachelor degree.

Experience: An experienced financial advisor will surely be rated before the freshers. Since most of the people prefer taking advice from an experienced financial advisor, candidates should gain some experience before moving further. They can start their career by applying as an intern so that they can get familiar with all the terms and strategies related to financing. This will also help them to gain some experience in the field.

Skills: Besides the academic requirements the financial advisor must own some additional skills also. Having some skills related to financial management will help the candidates to stand ahead of the other candidates. Some of the important skills are listed below.

Interpersonal skills
Communication skills
Organisational skills
Customer service skills
Entrepreneurial skills
Proactive attitude
Presentation skills
Analytical Thinking
Types of Job Roles Financial advisor
There are many job roles available for a Financial advisor. Candidates may select any role that suits their interest and skills.

Financial Advisor
Senior Financial Advisor
Investment Consultant
Wealth Management Planner
Budget Analyst
Financial Manager
Financial Analyst
Financial Consultant
Wealth Manager
Investment Planner
Employment Opportunities for Financial advisor
Financial advisors are in demand in many sectors. They are hired by both private and public agencies. Besides this, people also consult them for taking financial advice. Some of the major sectors where they can apply are listed below.

Banks and building societies
Financial planning firms
Independent financial advice companies
Insurance companies
Investment firms
Fund managing companies
Wealth managing firms
Top Recruiting Agencies for Financial advisor
Some of the major recruiting companies hiring Financial advisors are

Kotak Mahindra
Aditya Birla group
Bajaj finserv
Life Insurance Corporation of India

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Margaret’s Answer

Financial Advisors normally have a bachelors degree in Finance, Economics, or Accountancy. Excel at academics and then intern or go through an analyst program at any big advisory firm and they will help you get certifications you need.