Personal Financial Planner at a Glance

Projected Job Growth

  • +0% Job Growth for
    Personal Financial Planner

  • 2013
  • 2023

Average Salary for Personal Financial Planner

  • $0 Annual Pay
    National Average
  • $0 Hourly Pay
    National Average

Best States for Personal Financial Planner

  Employment
in 2011
Average
Annual Salary
Average
Hourly Pay
New York 23,710 $123,250 $59
Connecticut 3,580 $130,710 $63
Delaware 970 $85,800 $41

Becoming a Personal Financial Advisor

At minimum, personal financial advisors careers require candidates to have a bachelor's degree, but having a master's degree and/or certification can vastly increase a their chances for employability or advancement within this field. Though it is not necessary to have a bachelor's degree in any particular area of study, candidates would be at an advantage to obtain a degree in finance, economics, business, law, mathematics, or accounting as effective preparation for their career. If not seeking a degree in these specific subjects, a student will want to include related courses at the very least. These courses would include the following:

  • Investments
  • Taxes
  • Estate planning
  • Risk Management

Personal financial advisors responsible for directly purchasing stocks, insurance policies, bonds, or providing specific investment advice are required to have a combination of licenses based on the products they sell. The exact licensure requirements for each state vary, but this information can be found at the North American Securities Administrators Association. In addition to satisfying the required licensure policies per state, candidates may also choose to become certified through the Certified Financial Planner Board of Standards. The Certified Financial Planner (CFP) certification requires candidates to have at least 3 years of relevant work experience, hold a bachelor's degree, and pass the required exam. Having the proper licensure, additional certification, and the right educational background ensures the best chance of obtaining jobs in personal financial planning.