A Career As A Financial Planner
Career Goal- Financial Planner
Financial counselors usually specialize in one of the following areas:
- College financial aid counselors help students obtain money to help pay for school.
- Consumer credit counselors help people who are in debt or who need help managing their money.
- Retirement and investment counselors help people invest money and plan for their future.
Financial counselors talk to clients to learn more about their economic situation. They keep records of their communication with clients and may help them fill out required forms.
Career Working Conditions
In a typical work setting, financial counselors:
- Have a high amount of contact with clients or students. Communicate with others by telephone, e-mail, face-to-face discussions, letters, and memos.
- Often work indoors.
- Must be exact in their work. Errors could cause students to get too little aid or clients to go deeper into debt.
- Usually work 40 hours a week.
Career Wages and Outlook
The average wages for MN are $63,680
The average wages for the US are $75,320
The Employment Outlook for MN and the US are both HIGH.
Career Related Occupations
- Accountants and Auditors
- Budget Analysts
- Credit Analysts
- Securities Salespeople
- Loan Officers
- Financial Examiners
Program of Study- Finance
Finance programs prepare people to manage money for people and institutions.
Finance is the branch of business that deals with how funds are raised and invested. Every business organization raises money from investors. Some sell shares of stock to earn money.
Students in finance learn to:
- Manage stock, bond, and security holdings
- Prepare budgets
- Make loans
- Analyze financial statements
You can prepare for this program by taking courses in high school that prepare you for college. This typically includes four years of English, three years of math, three years of social studies, and two years of science. Some colleges also require two years of a second language.
Below is a list of high school courses that will help prepare you for this program of study:
- Basic Computer
- Introduction to Business
- Public Speaking
Program Typical Course Work
This program typically includes courses in the following subjects:
- Business Law
- Business Writing
- Calculus for Business
- Corporate Finance
- Financial Institutions
- Introduction to Accounting
- Introduction to Management Information Systems
- Introduction to Marketing
- Money and Capital Markets
- Portfolio Analysis
- Principles of Macroeconomics
- Principles of Management and Organization
- Principles of Microeconomics
- Statistics for Business
Programs of Study listed below are similar or related to the program you are currently exploring.
- Agricultural Economics
- Business Economics
- Business Management and Administration
- Business, General
- Business, Management, and Administrative Services
- Consumer Economics
Schools that Offer My Program of Study
- Metropolitan State University
- MSU, Mankato
- Winona State
- U of M, Twin Cities
- U of M, Duluth
- Size and Location- St. Paul, MN. Enrollment is 2,211 students.
- Admission Requirements- Enrollment is continuous beginning February 1st. You need to submit your ACT or SAT scores. the average high school GPA is 3.48 and 84% of students are in the top 50% of their class, and had an average ACT score of 24.
- College Expenses- Books: $1,200 - Tuition- $36,266 - Room & Board- $9,391 Total - $46.858
- Financial Aid- Grants and Scholarships are available including the Presidential Scholarships, Honors & Achievement Scholarships
- Housing- 7 dorms on campus, 1 fraternity and 1 sorority (off campus)
- Activities- Clubs include: Choral, Drama & Theater, Newspaper, Orchestra, Student Gov., and Dance Team. Greek Life includes Delta Tau Sorority and Theta Chi. Sports include: baseball. basketball, football, soccer, swimming & diving, tennis, track & field, and hockey.
The interview was helpful in giving me more details and information, and the person I interviewed was extremely happy to help and enlighten me on things I was curious about. I learned about the different way you can use financial planning. I enjoyed the people I interviewed and the fast pace of the work place. An advantage to this career is that there is lots of room for promotion and growth. She advised me to get my licenses when I can. She also got me interested in being a Financial Advisor, which is essentially a higher level of financial planning with more responsibility. The work environment was friendly and busy, and I think I would be happy in this occupation.
Plans to Reach Your Goal
- Job Shadowing: Watching someone do their work to help you learn
- Part Time Job: Working in a bank
- Informational Interview: Interview other people who have had experience in this career.