A career as a financial advisor?-I'm doing a career paper and i need to write what my job would be when i retire and what other jobs i will have at the ages of 55, 45, 35, 25. so it's like have to write backwards in time. what are the jobs you have to have before you become a senior financial advisor because i know that you can't be a advisor just like that out of college.
Update: @kourey any financial advisor would do cause i havent decide on what kind yet
You have graduated from a top-tier business school with at least a 3.8 GPA and a few summers of investment banking/private equity/M&A under your belt. You have already obtained your Series 9 and 10 licenses. Series 9 and 10 legally licenses you to trade securities on behalf of your client. If you're in Canada, you'd be passing the CSC, which stands for Canadian Securities Course; the purpose is the same. Also, you should be finishing your CFA designation, although it may take a bit longer. CFA stands for Chartered Financial Analyst. CFA is THE designation to have in the world of finance.
Thanks to your hard work, you were hired by a large corporation, a elite boutique investment bank, or a bulge bracket investment bank straight out of college. They work you to death (especially Investment Banks), but you'll be making 6-figures + bonus while those losers from community colleges and second-tier universities struggle to find jobs and pay off their government-subsidized tuition loan. Your new hobby is voting Republican no matter what.
By Age 35: You should at least be in a managerial position at whatever company you are working for. You're getting to the top slowly but surely, using your high-powered designations like CFA. Also, you'd ideally be happy married by this point, with your first child already having been born or underway.
By Age 45: After having slaved away at your company, and putting in 100-hour work weeks at an investment banking firm, completing billion-dollar M&A transactions and laying off your newfound minions, you decide that you've had enough. That's it. You are sick of never being home for more than 5 hours at a time, your little daughter not recognizing your face, and being suspicious that your lonely spouse is cheating on you. You're close to being promoted to Managing Director, but it doesn't look so good now. Even your Maserati (your dream car since high school!), Patek watches, and million-dollar home don't look appealing: you are having a mid-life crisis. The echo in your head won't go away: "What have I done with my life?"
Your job performance begins to dwindle, and rumours afloat that you're experiencing a midlife crisis. Your reputation is compromised, and soon after, you resign from your position. The other soulless bastard who was gunning for Managing Director jumps in joy.
By Age 55: You decided to use your extensive connections of rich friends and suave people skills you've built from years of experience as a finance professional, and gather a modest, but nice, client base. Since you're already licensed to the teeth, you don't need to worry about silly things like licensing examinations to be a Financial Advisor. You easily beat out competing "Investment Advisors" who pretend they know what they're doing, because, hey, you were a goddamn investment banker. Clients flock to you, and you hire interns to do pesky little financial analysis for you while you make rain. You eventually make more than you were making previously as an investment banker, and you actually get to sleep and see your family.
Congratulations, you're a successful financial advisor!
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