The average college student loan is us $23,186, americans collectively owe more than us $875 million on student loans. After all the money spent on loans you are more “money conscious” and in need of financial advice. That is why financial planners are important, they are the ones that give you advice and help make important decisions. Becoming a financial planner is a challenging but rewarding career.
As a financial planner you help your clients make important financial investments and/or decisions but you inorder to do this you must have an education. You need to have a strong interest in the financial field.(financial planners 3) Some important qualities as a financial planner is Analytical, communication, detail, math, and organizational skills.(united states dept. Of labor. 608) A lot of education is needed for this specific career. To start off you need a high
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First meeting you state your fees, One major job you do is investing. You have to have knowledge so you can tell people the right thing to do. Another important part of the job is managing. You go over the client's financial records, and then you help them manage how it needs to be handled. Advising is the most important, you give your client your professional opinion on how they should spend/use their money. Your salary depends on many things. The average range for this career is 50,000-200,000 plus. (financial planners 3) That range is based off of experience. The more experienced you are the more your business is spread meaning the more clientele you have and the more money the client has. If your client has a lot of money that means the more you manage, you are paid more because the amount is higher. Hours are not exact But, you will definitely work long hours. You will work weekends, and in this job a lot of hours are involved. (financial planners pg.
The debt associated with higher education is one of the biggest factors of deterrence for most people who are interested in college, and it is not at all surprising. 71 % of college seniors who graduated last year had student loan debt, and the average debt for a college student with a four-year degree is $29,400.This number has gone up an average of 6 % each year. Keep in mind that this is just the average debt, and there are students who are in debt upwards of $30,000 dollars (projectonstudentdebt.org). Now in order to understand why the debt is so high it is best to break down the different costs of higher education. The first and most important of which is tuition.
Most people today accept the debt that comes from college. Students consider student loan debt as a “good debt.” They see other students make this mistake but follow their path anyway. Nearly 80% of college-bound students have not projected the total amount of money they will need to graduate college.
In my opinion, what you are being told in high school is only half of the story, once you are in college you realize that you will have to face a financial DEBT, which among students seems to be rising and we are overwhelmed with repayment after graduation. According to studentloanhero.com there is 1.26 trillion in total U.S. student loan debt and there are 43.3 million Americans with student loan debt; these are crazy numbers, which in my opinion shouldn’t be that high and we should formulate a plan to lower the numbers.
When a student gets out of college the game plan is supposed to be, get a job in the field that you went to school for and make money so you can start your life. That particular situation is rare considering not all students get a job fresh out of college. For the students that don’t, they have to go back home and settle for a regular job and start paying off their giant student loans and put their life on hold. Even with having the job they wanted the student loans come right around the corner. After college is when the student’s life is supposed to start and the part where you get a car payment, pay rent, utilities, but none of that is possible when you add the enormous amount of money that the student will be in debt by. With the amount the students have to pay fresh out of college, more students are sacrificing more time struggling to pay off the student loans then they spent in school. Student loans are set-up in a way to be flawed and not always completely necessary to the student.
Right now in the United Sates the average student loan is about $30,000 dollars. This number multiplied by the amount of college students (approximately 18 million) leaves the national student loans debt at almost over 500 billion dollars (Financial Times). At this rate, many students start to struggle to repay loans because they do not have adequate jobs in their field of study. This is caused by the economy not having enough jobs to provide recent graduates with and if they even do it does not do very much financially for the student.
The cost of college tuition continues to increase each year. If this keeps increasing the way it has been, students will be indebted the rest of their life. Author of “The Looming Student Loan Crisis”, Jackson Toby states that student loans have increased along with the increase of tuition costs. In 2004, the average unpaid student debt was approximately $18,650...
Student Loan Debt is a massive problem in this country, and it is something that needs to be figured out. Nearly 40% of Graduates under the age of 25 have student debt. That number has climbed 26% since 2004. The average student loan debt in the country is $26,600. That is a lot of money, that could be used in many better ways by the young minds of the U.S. Not only that but when leaving college it is becoming harder to find a job. College graduates under 25 years old have a 9% unemployment rate. There are nearly 2 million college graduates that do not have jobs right now. So not only do they have massive amounts of Debt but they don’t have any way of making the money to pay it off. However student debt would not be as much of a problem if it weren't for the cost of tuition going through the roof.
Personal Financial Advisors work behind the scenes with every type of person. They are the people who know how money works, and can tell you the best way to spend yours. They make investments on stocks or bonds, they plan for your retirement or children's college education. Financial advisors are aware of different opportunities and investment plans and they have the means to put your money where it can earn the largest return. A vast majority of people invest money, and more often than not there is a financial advisor by their side. This means that I could find a job as a financial advisor anywhere in the United States and in most other places around the world as well. Of course, it fits to reason that the people directing the world's money
I really don’t know to much about this career just that they can either deal with selling securities or managing personal finances or just as simple doing taxes and writing financial reports. What haunts me even more is what I don’t know about this career. Are there any aspects of it that I will just hate? Will I make enough money to support the life style I want? What are the future possibilities for career advancement? These are all questions that will weigh very heavily on my decision to become a financial advisor or to find some new career.
...n will also be very necessary and last it requires looking at a lot of charts and graphs. All of my questions got answered while doing this research which is great. While doing this research though, it sparked a new question in my mind. This question is what is the average work week for a financial advisor? My thoughts on this career have definitely changes after doing research into this career. I only kind of wanted to do this job but, when I was done doing the research I really want to go into this career field it is bizarre or fantastic. Now that I have information from researching I am going to be putting guidelines together for success. The next steps are for me to start taking classes in high school that will go with this career. Then, after high school I will go straight into college to study for my major in finance but, for now I am embryonic or undeveloped.
What do you understand by the phrase “stakeholder analysis”? Attempt a stakeholder analysis of an organisation that you are closely associated with.
Finance is a field that had always fascinated me right from my undergraduate college days. What make me interested in this particular field of study are the art of finance and the complexity of investment market which would allow me to employ my personal skills, such as analytical and communication skills, along with my personal characteristics such as dedication and compassion for what I do. As one of the most important sector in the world, I believe it would provide me with a broad range of career options.
According to my research, an entry level Psychologist earns around $30,000 a year, $2,500 a month ($30,000 divided by 12=$2,500) The following research predicts and plans how the money will be divided in order to live financially stable.
I am currently majoring in Finance at Carlson School of Management, and I have decided to explore the career and future growth of a financial analyst. I chose to explore this career because some of my cousins work in this field and I’m interested in numbers and analysis. I also have an interest in following the stock market and working in a stimulating environment. What sets me apart from others is that I’m able to use time management efficiently. I’m able to study and complete major assignments while still finding plenty of time to socialize with others. Having taken StrengthsQuest last year, I learned that I strive for the future, I’m often positive, and I’m a believer in harmony. I believe in consistency, the idea that all people should
The intensely competitive, action-oriented, profit-hungry world of investment banking can seem like a bigger-than-life place where deals are done and fortunes are made. Investment bank includes but is not limited to bringing an established company to the market, by that I mean taking company with the capabilities but not capital of expanding, and raising money through other investors or the stock market (IPO) for a commission, I chose this field because of my personal experience with my father and his company, I’ve seen him go from starting off as a cold calling broker, to running a brokerage firm, to starting a brokerage firm, all the way to having his own investment firm. I feel like I would do better with jobs where you set your own hours and work at your own pace. A lot of the work is commission based so the more your work the more you make, this would also benefit me because it would drive me to work more, money is my motivation. To be hired you will need good people and communication skills, highly analytical skills, high ability to synthesize and high creative ability. You will also need experience in modeling, valuing companies, and financial accounting.