Personal Finances

Posted in Budgeting by admin on November 5, 2009 No Comments yet

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Personal Finances
What kind of jobs deal with personal finances?

I have a Bachelor’s Degree in Economics, with a major in Banks and Finances. I currently work for a credit union but I am really interested in personal finances, credit issues, stuff like that. What are some jobs related to these things?
I’m not that interested in banking, I don’t want to just give loans, I want to be able to teach people how to handle their money, how to plan for their retirement etc. More like a financial advisor maybe?

How do I get there?

Today most “financial advisors” are loan officers, branch managers or investment counselors. Unfortunately, the industry has gotten so sales driven, that those are really your options. There is not a way to only advise and not sell, it’s not really profitable for a firm. You could do not-for-profit work, and city/government work, but there is little room for advancement and you will typically end up being tasked with other things. If you think about it though, the best people to give advice are those working in the field and understand how things work. Once you have established enough retail experience you could (in commercial banking or investment firms) move to a “wealth management” where you are doing financial counseling and advising for the affluent. Best of luck.

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