skip to main content
MENU

Personal Financial Advisors In Demand

General Information

Description

Advise clients on financial plans using knowledge of tax and investment strategies, securities, insurance, pension plans, and real estate. Duties include assessing clients' assets, liabilities, cash flow, insurance coverage, tax status, and financial objectives. May also buy and sell financial assets for clients.

Business Breakdown

People in this career work in these sectors.

  1. Private, for profit74.10%
  2. Self-employed20.71%
  3. Private, not for profit3.73%
  4. State and local government0.97%
  5. Federal government0.39%

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Industry areas

  • Finance

Job Outlook

Projected Job Growth (2022 - 2032)
+13%
Read More

Job Outlook

×

Employment of personal financial advisors is projected to grow 13 percent from 2022 to 2032, much faster than the average for all occupations. About 25,600 openings for personal financial advisors are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Similar Careers

No Information for this section

Salary

Salary Information

Median Salary This is the median, or the midpoint, of the salary range for this career.

$95,390

State-by-state Salary

Gray states indicate no data available

Salary Range Salary varies based on years of experience, degree level and location.

$36,550
$167,000
No Information for this section

Education & Interests

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 52%
  • Post baccalaureate 34%
  • Less than high school 4%
  • First professional degree 4%
  • Post-secondary certificate 4%
  • High school 0%
  • Some college 0%
  • Master's degree 0%
  • Doctoral degree 0%
  • Associate's degree 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%

Related College Majors

Select major to see colleges that offer it

PERSONALITY CHARACTERISTICS

You may find this career fulfilling if you consider yourself to be:

  • Enterprising — You have an interest in managing, negotiating and marketing, or leading and advising others.
  • Conventional — You have an interest in following procedures and regulations to organize information or data.
  • Social — You have an interest in helping, teaching, advising, assisting or providing service to others.

Not sure what characteristics best describe you? Take the RIASEC Test.

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership

Knowledge

  • Customer and Personal Service
  • Mathematics
  • Economics and Accounting
  • Psychology
  • Sales and Marketing

Gain insights into your knowledge by using the ASVAB Career Exploration Program

No Information for this section

Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.