Entry into financial advisor positions is relatively uninhibited, and the high salaries attract many, resulting in competition for this industry. Most applicants need qualifications such as a bachelor’s degree. The need for financial advisors is growing due to the increasing numbers of wealthy people with assets to manage and the need for people who can explain financial and investment complexities in simple language.
About Sample Advisor Resumes
Sample advisor resumes can be found in abundance online by simply searching with the phrase, ‘sample advisor resumes.’ Referring to a sample is a great way to learn what format and styling is the most effective, as well as what information to include or leave out. Sample resumes can also provide inspiration when it comes to revamping a resume for a completely fresh look.
How to Write an Advisor Resume
Summarizing qualifications and education is an important aspect of an advisor resume since financial advisors need a bachelor’s degree at the least, usually in business, math, finance, accounting or economics, and most have a master’s degree in business or finance administration. Other skills needed are math and analytical skills along with communication and interpersonal skills. These should be demonstrated in a bullet pointed, clear and concise manner.
Proof of extra qualifications and courses can be included in resumes too. Courses such as taxes and risk management, financial planning and investments as well as estate planning are the best ones to mention. Different licenses are required for advisors depending on what products they sell and should also be mentioned. Proven sales abilities should be highlighted as well as interpersonal skills, which are vital to the job. Any related experience in accounting, insurance sales and brokers or auditing will also be relevant; make sure to bring these out in the work experience responsibilities.
Advisor Job Description
Financial advisors are involved in consulting with clients and recommending sound financial investments as well as aiding them with taxes and insurance. People need to plan for retirement and other obligations such as higher education and financial advisors give recommendations on options for these. Marketing for clients is an important part of an advisor’s job, and giving seminars is a popular way of canvassing for clients. Some advisors specialize in risk management, retirement or estate planning. They may also buy and sell stocks, bonds and insurance products.
In the year 2008, the average annual salary of personal financial advisors was $69,050 with the top earnings reaching$119,290 and the lower earnings dropping to $46,390. Working for financial firms comes with performance bonuses on top of the salary. Some advisors are self-employed and their earnings are usually a cut or percentage of the client’s assets they are handling, or an hourly rate which they charge. Charging fees on insurance or stock purchases is also a way of billing for services, a practice which investment firms utilize.
Financial advising offers a variety of work responsibilities and even some traveling. For those who are especially keen to break into the industry, a background in banking or full-service brokering, along with strong sales abilities will be distinctly advantageous.