Investing in Your Child’s Future: The Advantages of a Career in Financial Planning
As a parent, you want your child to succeed in life and have a career where they are fulfilled and paid well. It’s even better if that career can offer benefits such as personal and professional growth, job security, and the ability to have a positive impact on the lives of others.
Becoming a CERTIFIED FINANCIAL PLANNER™ professional offers those benefits and more — and entry into this growing profession is easier than you might think. College graduates with a bachelor’s degree in any discipline (no math or finance major required) can begin the path to CFP® certification.
With the demand for financial planners across the United States expected to grow at a rapid pace over the next eight years, those in the profession are working hard to educate both young people and their parents about a career that many people know little about.
The Certified Financial Planner Board of Standards, Inc. is making recruitment of young people a priority. CFP Board Chair Dan Moisand says focus groups have shown there are many misconceptions about financial planning careers, including the belief that financial planners are focused on sales. But when parents were asked about the qualities of an ideal job for their child, “they said things like flexibility, work-life balance, helping people, a good salary — many of the qualities that describe a career in financial planning,” explained Moisand.
CFP® professionals have wide-ranging income potential, with many starting out at $50-70k. Those with more experience earn an average of $192,000 per year. Financial planners also have the privilege of helping people with major life decisions, such as preparing to have a child or planning for retirement.
Financial planning can also offer a great deal of flexibility. CFP® professionals can choose to work for a large financial services firm, a bank, or a credit union, or they can develop a specialized niche, establish their own firm, pursuing different paths for growth and advancement. And depending on their unique work situation, financial planners have the flexibility to set their own schedules to create a balanced work and personal life.
Encouraging your child to become a financial planner can offer numerous benefits, including excellent career prospects, high earning potential, and the opportunity to help others. It’s a rewarding and challenging career that requires continuous learning and provides a great deal of flexibility. With the right education and training, your child can excel in this field and create a fulfilling and prosperous future for themselves. Learn more about the benefits of becoming a CFP® professional today www.getcfpcertified.org
