Moving or just starting a new career is a challenging time, and when you’re moving into the finance sector, it’s made even more difficult. To become a financial advisor, there’s a lot of academic studying going to be involved, and if you’re studying full-time, you’re missing one of the most fundamental assets employers look for in their staff.
Work Experience. Without experience in a finance related role, you’re going to find it difficult to get jobs as a trainee financial consultant/advisor.
The solution that can fast track your career, when you do qualify as a financial advisor is to approach voluntary organisations.
Even local sports teams, such as your local football club, will need a treasurer to manage their clubs expenses, and budget for their support events, to raise the clubs funds. That’s something you can offer to do in your spare time.
Think further down the line, about the people who will be graduating college/university along with you. All of those people you study with, although you’ll become good friends with many, their also going to become your competition when it comes time to apply for the vacancies.
If you’re the person approaching an employer with a cover letter telling them that at the weekends, or a few hours during the week, you’re the treasurer of XYZ Company, you’re going to be far more appealing than a fresh graduate student with no finance related work experience.
Transferrable skills are something that not many people capitalise on, and it’s something you really should do.
Employers taking on financial advisors are usually banks, insurance groups, and building societies. They make their money through the sales of their products and services. Some banks will offer free financial advice, and that’s supported by the sales of the groups’ products.
When you deal with clients, you’ll be required to educate them on the various products and services; the company you work with has to offer. It’s how they make they make revenue, and drive future business. That requires sales skills. Any work experience you have related to sales, customer services, communication, and dealing with accounts, are all major assets to you and should be emphasized to any potential employer.
Those are among some of the industries you’ll find trainee vacancies, in finance related jobs, which will get you a start in becoming a financial advisor. Paraplanners are one job role that can give you a good opening into the sector, to start your new career.
There are a number of employers looking for this type of administrative support, with the vast majority looking for their candidates to be career motivated, with a focus to become a financial advisor, as their career progresses.
Those are the employers to look for, as they’ll often provide ongoing support, to further your career, into a more lucrative position that helps drive their business forward too.
It’s a 2 way approach, where a company will give you experience, and in return, you further develop your skills and qualifications, advance in the company, by studying for the relevant qualifications, and eventually becoming a financial advisor.