Online Financial Planning Degree Educational Options
- Online Certifications degree in Financial Planning – These are generally short courses and in the case of a Financial Planning professional very important to establish credentials and credibility
- Online Bachelors degree in Financial Planning – standard 4 year program with emphasis on advanced Financial Planning procedures and at this point many students use their elective credits to explore areas of specialization in financial planning.
- Online Master’s Degree in Financial Planning – 2 year post graduate course where areas of specialization are refined and the student explores the theories behind finances.
- Online Doctorate Degree in Financial Planning – 3 – 5 year post graduate course preparing the student for research, college level teaching positions and of course further career advancement in the field.
Career Considerations for the Financial Planning Professional
Competition for jobs as financial planners is intense and a degree and certification will help in establishing a financial planner’s credentials in a very competitive field. The student should consider getting as much education as possible to assist in establishing their career in this field. The reason this field is so competitive is because it is so lucrative. Financial planners are some of the best paid business professionals and the job growth is phenomenal for the financial planner who prefers to be self employed this field is perfect because as many as 30% of all financial planners are independently employed.
Financial Planning Career Salary Information
Financial Planners are most often employed by private industries or they are self employed as consultants. These individuals may also specialize in one area of financial planning and then advice their clients in that area. About half of financial planners work in finance and insurance industries while about 30% of them are self employed.
The average salary of a financial planner is around $66,000 in 2006. This has no doubt increased since then.
Job Outlook for Financial Planning Professionals
The job opportunities available for a financial planning professional are predicted to grow at a much faster than normal rate until 2016. With so many baby boomers expecting to retire in the next 10 year, more financial advisors will be needed to assist them and with the population growth factored in the job outlook for the financial planning professional is rosy.