Personal Financial Advisor

Choose your pathway: Personal Financial Advisor

With a Finance MBA from Pepperdine University, a nationally ranked school, you can pursue a variety of financial careers, including personal financial advisor, the #4 “Best Business Job” and #8 “Best STEM Job” according to U.S. News & World Report (2016).

Did you know that personal financial advisors are ranked #31 among the “100 Best Jobs”? (U.S. News & World Report, 2016)

What do personal financial advisors do?

What do personal financial advisors do?

Personal financial advisors help clients plan and make informed decisions about their finances. Whether they are creating budgets for a retirement plan or analyzing investment opportunities, personal financial advisors are there to help everyday people become financially literate. In many ways, personal financial advisors work as financial educators, which means they must have a deep understanding of their subject and be able to listen to clients and communicate complex ideas in a way that makes them simple to understand.

Personal financial advisors can also be wealth managers, which caters more to the personal finances of wealthy clients. The wealthier the client, the more complex their financial plan can become. Working with this client base means approaching investments and planning on a larger, more involved scale than with other clients.

A personal financial advisor’s daily activities may vary depending on the client, but most typically are tasked with the following responsibilities:

  • Determining individual clients’ financial goals
  • Explaining the types of financial services they provide to potential clients
  • Educating clients about financial services, investment options, and potential risks
  • Recommending investments to clients or selecting them on their behalf
  • Helping clients plan for specific expenses, such as education or retirement
  • Analyzing client accounts to determine if changes are needed to improve investment performance or to accommodate life changes

What is the career outlook for personal financial advisors?

The U.S. Bureau of Labor Statistics projects personal financial advisor roles to grow by 30% from 2014 to 2024, making it one of the fastest-growing occupations over the next decade. With an expected 73,900 new positions on top of the 249,400 personal financial advisor jobs already in existence and a low unemployment rate of 3.3%, pursuing a career as a personal financial advisor offers a great ROI.

What can you earn as a personal financial advisor?

In the business world, financial expertise pays off. The median annual wage for personal financial advisors was $89,160 in 2015, according to the BLS. The highest 10% earned more than $187,200.

Did you know that personal financial advisors are ranked #22 among the “Best Paying Jobs” in the nation by U.S. News & World Report?

Finance-focused mid-career MBA holders earn approximately $130,000 on average, which makes Finance one of the highest-paying MBA concentrations available (Poets & Quants, 2016).

What courses can prepare you for a role as a personal financial advisor?

ACCT 652
Accounting Information and Control Systems
BSCI 650
Personal and Leadership Development Workshop
DESC 656
Quantitative Analysis for Business Operations
ECNM 657
Prices, Profit, and the Market Economy
FINC 655
Financial Management of the Firm
FINC 667
Global Capital Markets and Institutions
FINC 668
Valuation and Corporate Combinations
FINC 669
Investments and Portfolio Management
LEGL 653
Political, Regulatory, Ethical, and Legal Issues of Business
STGY 659
Strategic Management

What can these courses teach you? Find out with an in-depth view of our curriculum.

What are some related career paths?

If you’re interested in a career in business or finance, but a role as a personal financial advisor isn’t for you, you have options. Explore these related career paths to see which one works best for your goals.

What’s your next step?

The online Master of Business Administration degree from Pepperdine University can help you lead business on a global scale.

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An enrollment advisor will contact you to start the enrollment process and answer any in-depth questions not covered in our FAQ.

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Explore our online blog to read more about our online MBA program, the Graziadio School of Business and Management, and the latest business trends and issues.