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What Do Financial Planners Do?
For the many people who cringe at the thought of wading through the concepts and consequences that often define financial matters, a financial planner is a much needed guide.
Those in financial planning careers work with individuals to set the plans that will allow them to achieve financial goals such as buying a home, sending kids to college and having a comfortable retirement.
Some financial planners may be employed to consult with businesses who are looking for advice about investment decisions. These specialists gather financial data, analyze it and make recommendations that affect future security and stability, so it is imperative that they stay abreast of the most current financial news, laws and regulations revisions.
More so than other finance careers, financial planning requires excellent communication and interpersonal skills; it is crucial that practitioners can understand their clients' needs and convey complicated tax, insurance, investment and estate-planning advice.
Many in the field start out in large firms and eventually move into private practice, which affords a greater deal of independence. To begin working towards a career in financial planning, find finance bachelor's, MBA, or master's degree programs.

Financial Planner Career Path
| | Entry Level | Mid Level | Senior Level |
| Types of Roles | Assistant financial planner | Financial planner, certified financial planner | Director of financial planning, entrepreneur |
| Experience | 0 - 3 years | 4 - 8 years | 10+ years |
| Getting There | | - All entry-level requirements
- Certified Financial Planner (CFP) and/or Chartered Financial Consultant (ChFC) certification
- Excellent interpersonal skills
| - All mid-level requirements
- MBA degree and/or National Association of Securities Dealers (NASD) trading licenses
- Ability to form strong client relationships
|
| Salary* | $35,000 - $40,000 | $50,000 - $71,000 | $67,000 - $145,000 |
| Description | - Use computers and software to enter and analyze financial data
- Support senior financial planners
| - Interview clients to determine financial status and goals
- Manage client relationships
- Clearly communicate complex financial concepts
| - Develop and deliver financial planning seminars to clients and prospective clients
- Coordinate legal, tax, investment, estate and insurances perspectives
- Prepare and monitor comprehensive financial plans
|
* Depends on company size, specific job, and location
Sources: SalaryExpert.com; PayScale.com, 2009; Bureau of Labor Statistics; Wois.org


Northeastern University - College of Business Administration
Northeastern offers its AACSB-accredited MBA program in a 100 percent online format. They are a world leader in practice-based education focused on expanding students' managerial skills and knowledge base.
University of Phoenix
University of Phoenix makes quality higher education highly accessible for working students through convenient campus locations and flexible online classes. Get a real-world education with real value.
Strayer University
Strayer University is dedicated to helping busy, working adults achieve their educational goals with a valuable, real world education in a fast, convenient format offered online or at one of many campus locations.