ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How To Become A Financial Planner

Updated on July 15, 2009

Aiming for a career in as a financial planner can be a smart move today if you have what it takes. This is projected to be one of the fastest growing careers in the following decade, with an impressive predicted increase of 37%. The demand for financial advisors will soar as the number of retiring baby boomers increases. This hub will show you how to become a financial planner.

How Much Does A Financial Planner Earn?

Financial planners earned $66,000/year on average in 2006.

Financial Analysts

  • . . . had a median salary range is between $50,000 to $90,000 a year.

  • The highest paid financial analysts earned above $130,000 per year.

  • The “poorest” financial analysts earned $40,000 give or take.

Financial Advisors

  • . . . had a median salary range of $44,000 to $90,000 a year.

  • The bottom 10% “only” earned $32,000 annually.

  • The top 10% earned above $145,000 every year.

To sweeten the deal, financial planners also get commisions and bonuses.


If you are seriously considering a career in financial planning, you must at least have a bachelor's degree related to finance such as business administration, accounting, statistics, or economics. And it doesn't end there. Most companies will require that you have a firm grasp of corporate budgets, financial analysis and accounting policies and procedures.

The job market being very attractive, it is also very competitive. Getting an MBA is a good idea to get a better chance of getting hired as a financial planner.

If you're targeting a particular firm, you can get more information from their Human Resources Department. Ask them what they look for in prospective employees.

Internships are also a good way to get valuable experience that will help make your resume more attractive to prospective employers. Check with your college if there are available internships. If you can't find one, you can ask the help of the alumni association to introduce you to alumni who are now working as financial planners.

On top of formal education, you must have a number of licenses to work as a financial planner. Several of these licenses will come from the Financial Regulatory Authority (FINRA). Financial analysts must have an employer who will sponsor most of the required licenses. You won't have to be worried about these licenses until after you get hired.

For financial advisors, Series 7, 66 and 67 licenses are probably what you'll need to hold to practice this profession. You will also need to have a sponsor company to get a Series 7 license.

Financial analysts assess the economic performance of companies and industries for firms and institutions with money to invest” while “Personal financial advisors assess the financial needs of individuals.”


Here's a very good advice from

When looking over your class options, it’s also a good idea to take extra courses that focus on taxes, legal issues, and risk management. These are some of the issues you'll need to deal with every day when working with clients and directing their money to potential investments. Remember, this isn't something that you can just dive into and feel your way out of – the risks can be extremely high since you're working with other people's money. If you don’t understand what you’re doing, or if you’re at all confused about something, you could get into legal trouble if you misrepresent your understanding and ability level to your clients and end up losing their money.

Yes it will take a lot hard work on your part before you become a financial planner. However, the rewards are very well worth it.


    0 of 8192 characters used
    Post Comment
    • profile image

      formation informatique dif 

      10 years ago

      yes, but a little bit too difficult for me ;)


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
    ClickscoThis is a data management platform studying reader behavior (Privacy Policy)