2018 February
From Economics Major to Financial Advisor
Financial Advisor
Considering a career as a Financial Advisor? Not to be confused with a Financial Analyst, a Financial Advisor, or adviser, provides the service of financial advising and guidance in exchange for compensation. According to Investopedia, Financial advisors can provide many different services such as provide investment management, income tax preparation, and estate planning.
Financial Advisors may also be known as:
- Financial Planner
- Investment Manager
- Investment Planner
- Financial Consultant
- Tax Advisor
- Tax Consultant
Skills & Qualifications
Financial Advisors are known to be:
- Self-motivated, driven and entrepreneurial
- Able to develop and deepen client relationships
- Compensated based on performance level
Successful Financial Advisors are expected to:
- Further their training/education
- Grow their own clientele
- Have a flexible schedule when established
What’s entry-level like?
I spent a solid year’s worth of time as a financial advisor for New York Life. Most Financial Advisors will usually start off by getting licensed in some sort of insurance product and working for New York Life, that was Life & Health. That job, however, was 100% commission.
There are salary-based jobs, such as one at Edward Jones.
Both companies provide financial support in attaining further licensing such as Series 7 and Series 66. Both New York Life and Edward Jones, for example, would compensate for your Series 7 and Series 66 training/examination if you pass on the first attempt.
How’s salary?
According to Payscale the median salary for entry-level is about $50k. But, since compensation is commission- and bonus-heavy, salaries may range anywhere from $30k to $80k.
According to the Bureau of Labor Statistics, the gross median for a Personal Financial Advisor as of 2016 is $90k so, you can expect that as you further your education in terms of licenses and become more experienced while growing your client relationships.
Is this the job for you?
If you enjoy interpersonal situations, this is definitely a career to consider as an Economics major. With our ability to analyze variables, we are able to provide advice in ways that most will not be able to consider if they were on their own. Also, our understanding of how markets grow will be a great tool for helping others grow.
This job does require further education so, hard work is in line when considering this career path. The rewards are also there as the job salary bears no limits. Please consider these variables when searching for a Financial Advisor position.
Remember, your first job does NOT have to be your last job unless YOU want it to be.
Written by Eric Pham
Career Fair On Valentine’s Day!
These organizations will be here looking for your economic students at the Internship, Summer Job & Volunteer Fair on Wednesday, February 14th!
That’s right, the career fair will take place on Valentine’s Day so, mark your calendars! The career Center will host over 60 employers at the Internship, Summer Job & Volunteer Fair, Wednesday, February 14th from 12:00PM – 4:00PM, in the EMU Ballroom. Here are just a few of the employers attending the fair and hiring now for career positions, part-time jobs & internships.
POSITION: Movers
POSITION: Various
POSITION: Internships Abroad
POSITION: Various
POSITION: City Year Americorps Member
POSITION: Construction Project Management Intern, Marketing & Sales Events Intern
POSITION: Various
POSITION: National Account Manager Sales Trainee
POSITION: Business Administration
POSITION: Management Trainee
POSITION: Management, Radio Programmer, RF Engineer, Sales Representative, Sports/Newscaster, Station Admin
POSITION: Nonprofit Management Internships
POSITION: Various
POSITION: Summer Camp Jobs
POSITION: Department Stockers, Sales Representatives
POSITION: 2018 Summer Retail Internship
POSITION: Internship
POSITION: Summer Intern
POSITION: Summer Intern
POSITION: Financial Representative Intern
POSITION: Digital Marketing Intern, Product & Program Marketing Intern
POSITION: Accounting Sales Representative
POSITION: Various
POSITION: Interns for Various Programs
POSITION: Various
POSITION: Various Internship & Volunteer Opportunities
POSITION: Expense-paid Internships
POSITION: Project Technology Auditor
POSITION: U.S. Army Officers
POSITION: Various
POSITIONS: Adjunct Officer, Combat Engineering, Communications Officer, Comptroller, Ground Intelligence Officer, Infantry Officer, Judge Advocate, Logistics Officer, Military Police, Naval Aviation (Pilot), Public Affairs Officer, Supply Officer
POSITION: Early Career MBA Scholarship Recipient/Graduate Student
…AND MORE!!
Be prepared for the Internship, Summer Job & Volunteer Fair by:
- Attend the Diversity Career Symposium, Tuesday, February 13th. This is a great Fair warm-up packed with employer connections. REGISTER.
- Career Fair Preparation Workshop! Monday, February 12th, 2018, from 6:00 PM till 7:00 PM – EMU Crater Lake South Room. ** Learn how to build rapport, make a strong first impression, learn how to use body language techniques, and how to conduct professional conversations. REGISTER NOW! Questions? Please email Rima at rpandit@uoregon.edu.
- Participating in the Career Center’s Career Fair Week activities which include Drop-In Hours, and Practice Interviews.
Doing some RESEARCH on the employers you are interested in.
- Ask the RIGHT QUESTIONS like…
-What kind of entry-level positions exist within your company?
-What does your company consider the 5 most important qualities in an employee?
-What courses do you suggest in order to be a successful candidate?
-What is the typical career path of an entry level employee? - Find out the NEXT STEPS.
After connecting with a recruiter, give the person your resume then ask what the next step is or how you can follow up. It’s smart to leave with their business card and maybe even take notes from the conversation on the back of it. - Get an on-campus interview (some employers are coming back Thursday,2/15 to interview candidates)
- Thank the Recruiter.
Send a brief thank you email.
View FULL LIST of EMPLOYERS here
Written by Coleen Lewis
Edited by Eric Pham