Benefits for Women Becoming Financial Planners
(NewsUSA) - The financial services industry is changing and diversifying, and this includes women becoming financial advisors at a rate higher than ever before.
If you’ve ever considered a career in financial planning, now may be the perfect time to take the leap. Benefits include high earning potential, flexible work hours, professional growth, and more.
High Earning Potential
There’s a clear demand for financial advisors, and women are moving into those positions. The Bureau of Labor Statistics predicts job opportunities for personal financial advisors will grow 15% in the next 8 years — much faster than the average for other occupations. With all that demand, financial advisors can potentially earn high salaries, including into the six figures.
Flexible Work Hours
Since the COVID-19 pandemic, more businesses have become open to employees working remotely and establishing flexible working arrangements, including in financial services. Women can tailor their career choices and create schedules allowing for balanced work and personal life.
More firms and businesses are recruiting women with opportunities to become financial planners, investment advisors and wealth advisors. Many provide professional development programs, including assistance for those pursuing advanced training such as CERTIFIED FINANCIAL PLANNER™ certification. Additional support is available through CFP Board, which offers scholarships and mentoring programs.
“There is also a growing number of women who are willing to mentor younger women and make it their life’s work to make sure we’re reaching back down and pulling people up,” explains Kate Healy, Managing Director of CFP Board Center for Financial Planning. “It’s wonderful to see and really starting to have an impact.”
Helping Clients Achieve Financial Goals
One of the most rewarding aspects of becoming a financial planner is helping others achieve their goals and improve their quality of life. CFP® professionals can help navigate many of life’s big transitions, from saving for college savings to preparing for retirement.
As more women become advisors, they can empower other women to take control of their financial future. It's important that CFP® professionals reflect the public they serve, and women CFP® professionals can act as role models and provide guidance to other women interested in finance. Many women are even going on to start their own firms. The number of women-led firms is growing thanks to women supporting each other through networking, advice and feedback.
To learn more about the opportunities available within the financial planning profession, as well as financial planner training and compensation, check out CFP Board’s Career Guide. Explore how you can become a CFP® professional, with all the benefits that provides.