(StatePoint) Financial services offer a strong career path for Black students and professionals, particularly in the field of financial planning.
Demand for financial advisors is rising, and leaders in the financial planning ecosystem are working to diversify the workforce to better serve all consumers. Here’s why CERTIFIED FINANCIAL PLANNER® professionals say this is an amazing industry to enter:
Job satisfaction is high: It’s no surprise that 87% of CFP® professionals are happy with their career choice. The field offers a healthy work-life balance, opportunities for growth, and generous compensation. The median income for a financial planner with five to 10 years of experience is $150,000, and that number jumps to $225,000 with 10 to 20 years of experience. CFP® professionals earn 12% more than other financial planners.
This job provides opportunities to give back: Being a CFP® professional is not only financially rewarding, but it also offers opportunities to give back. Pro bono work is encouraged and is an effective way to create generational wealth in communities that have had fewer opportunities to do so. CFP® professionals will find plenty of support to start volunteering.
Resources are available to help you launch your career: CFP Board offers many tools to kick off your career, including the “Guide to Careers in Financial Planning,” which can prepare you for what to expect in the workplace and help inform your career path. Additionally, CFP® certification scholarships for underrepresented populations, a mentorship program, and real stories from CFP® professionals offer support and inspiration.
CFP Board makes it easy to track your progress during the certification process and prepare for the CFP® exam. To get started on the financial planning path today, visit cfp.net/account-registration.
At a time when many industries are in flux, the financial services profession is on track to grow. This line of work offers autonomy, growth and an opportunity to make a transformative impact on the lives of others.
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