Career Outlook Financial Advisor

Career Outlook Financial Advisor – Think finance is all about charts, graphs and dollar signs? What if. Just like economics, the study of economics, which is a social science, is about much more than money. It is the study of human behavior, with applications far beyond the world of finance.

Those who study economics will find many doors open to them, from high finance to leading Fortune 500 companies. Economists also help shape and guide public policy, improve lives of millions of people.

Career Outlook Financial Advisor

In this guide, we tell you what you need to know about the field of finance, including available degrees and career paths. Do you think a career in finance is right for you? Then you have come to the right place.

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As we said before, economics is a social science; studying people’s behavior in good and bad times.

The study of economics means examining the macro and micro levels of what is, but also what could be, from the average household to the powerful financial companies of Wall Street.

Those with a degree in economics are qualified to work in all kinds of fields and professions, from real estate to politics, law, and even medicine.

But wherever the degree is, they act like soothsayers, predicting the future through a deep understanding of the past, using numbers and patterns of human behavior to lay the foundations for ‘tomorrow is better and clearer.

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Those who study economics can take on a variety of roles, including financial risk analysts and data analysts, and financial analysts or accountants, to name a few.

After completing a degree in economics, many graduates go on to graduate and other studies, strengthening their understanding of economics and further expanding their career opportunities.

Tom York, president of CastleWise Services, a diversified real estate and insurance company, graduated in 2008 with a degree in economics from the University of Florida.

“The important thing about a degree is that it helps develop the infrastructure for critical thinking and provides a strong framework for decision-making,” York said. “The lessons and skills have helped me manage many companies in different industries at the same time.”

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For a deeper understanding of the field of economics and the potential impact of these courses, consider these free courses from coursera.org or MIT. Of course, these are only introductions to a disciplined course in economics, but if this introduction to the subject interests you, it’s a good sign that an economics degree is right for you.

Let’s take a closer look at some of the job opportunities that an economics degree provides

Here are the approximate years of education required to fill some of the most common jobs for economics degree holders, as well as average salary information according to the Bureau of Statistics Statistics.

Finding the right market for a product, or testing market conditions to launch a new service, can make or break a new business. This is where market analysts come in.

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Market research analysts help companies understand what people want and at what cost, as well as how to identify and target the most suitable customers for their new business. A degree in economics is a good place to start down that line.

Market analysts do what they do by monitoring and predicting business and marketing trends. They also test the effectiveness of marketing programs and strategies.

Additional duties common to market analysts may include designing and evaluating data collection methods. This may include, among other things, surveys, questionnaires and polls.

They also collect data on market conditions, customers and competitors and analyze these data using statistical software. Market research analysts must be able to transform complex information into understandable charts, graphs and written reports to present to clients and management, along with other interested parties.

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A bachelor’s degree is often required to find entry-level jobs as a market research analyst, and according to the Bureau of Labor Statistics, the average annual salary for market research analyst is $63,790 in 2019.

According to BLS data, there were approximately 682,000 market research analyst positions in the United States in 2018, and the number is expected to grow at a rate of 20% annually. 2018-2028, which is faster than average.

Twelve percent of market analysts work in management, scientific and other consulting services, while 10 percent work in finance and insurance, according to the Bureau. of Statistics Statistics. Another 8% work in the wholesale trade, followed by 8% working in a management company or other type of business. And finally, 4% of market research analysts work in publishing, not including the Internet.

States with the most jobs for market analysts include California and New York. Prominent trade organizations include the Marketing Research Association (MRA), the American Marketing Association (AMA), and the Council of American Survey Research (CASRO), among many others.

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Data analysts, also called financial data analysts or simply financial analysts, turn numbers and figures into stories closely related to the success or failure of a company or organization.

This can help assess the company’s current health and help them plan for a brighter future. Data analysts gather information from a variety of sources to find and predict trends and patterns. You need an analytical mind to succeed in this field.

In addition to collecting and interpreting data, the role of a data analyst often includes reporting the results of returns to relevant parties in the company or organization.

Data analysts often work in teams that include executives and other business professionals and play a role in defining and innovating new and effective data collection and analysis methods and strategies. .

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Data analysis often leads to jobs such as budget analysis, financial management, insurance policies, personal financial advisors, and financial marketers.

There are about 330,000 data analyst jobs in the United States, according to the Bureau of Labor Statistics, and the median salary is about $85,000 a year. A bachelor’s degree is often required for the job. Job prospects in the field are strong, with 6% growth between 2018 and 2028, which is in line with many other occupations. The states with the highest employment rates for this occupation include California and New York.

To be successful in the field, candidates should have experience with data modeling and reporting packages, the ability to analyze large amounts of data and write comprehensively about their findings, as well as an analytical mind and problem solving orientation.

As with any type of job, it’s best to start networking through internships as soon as possible, or with trade organizations like Informs.org, the world’s largest professional organization. land of analytics and data science.

Financial Analyst Vs. Accountant: What’s The Difference?

Financial planners, or personal financial advisors, work with families, businesses and individuals to help them achieve their long-term and short-term financial goals.

Using personal information provided by clients, such as income, debt and savings, financial planners analyze the data to provide meaningful feedback to clients about their situation. -their current finances, as well as the path to their future financial goals.

Financial planning addresses the specific financial concerns of their clients, such as savings goals and strategies, personal and family budgets, and debt management. Financial planners also have in-depth knowledge of investment strategies and estate planning, as well as insurance, retirement and distribution strategies.

Working with companies or other institutions, financial planners collect data and make strategic recommendations on topics ranging from employee benefits, to cash flow, to cash flow. , debt management, etc.

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As you can see, financial planners play a key role in future financial success, whether they work with companies, non-profits, or individuals.

Technically, no formal education is required to work as a financial planner, although a four-year degree in a related discipline such as finance is the most common. recommended, such as a graduate degree such as an MBA.

However, a license is required to work as a financial planner through the Financial Industry Regulatory Authority (FINRA) Series 7 or A FINRA Series 66.

Additional certifications can help advance a financial planner’s career, such as becoming a Certified Financial Planner (CFP). To take the CFPR, which is a two-day exam, a bachelor’s degree is required.

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The median salary for a financial planner is $87,850, which is about 271,700 in 2018, according to the Bureau of Labor Statistics. 7% employment growth is projected for 2018-2028, which is faster than average.

The states with the highest concentration of jobs in this sector are New York and California. In addition, New York and the District of Columbia offer the best salaries.

Financial planners also work in industries such as securities, commodity contracts and other financial investments, credit brokerage, agencies, brokerage firms, and insurance-related activities.

A common career for economics majors is accounting. In addition to working with individuals to review tax and financial records, auditors and accountants often support the CFO, or chief financial officer, have similar functions related to the organization’s finances.

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There is also an increase in demand for accounts in non-profits and

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