How long does it take to make it as a financial advisor?

It can take several years even after landing an entry-level finance role to be a fully-fledged financial advisor. The reason is that individuals must pass FINRA examinations to be officially licensed in their state.

Do financial advisors make a lot of money?

Yes, many financial advisors make six figures. The median annual pay was $99,580 in 2023, according to BLS. For those with the CFP designation, the median pay is close to double that amount at $192,000.

How do I become a financial advisor from scratch?

To become a financial advisor, the minimum requirements include having a bachelor’s degree as well as proven experience in the world of finance. Those early in their career can choose to major in business or economics, and career changers can take a financial advising bootcamp-type preparation course. Then, individuals should begin studying for the FINRA examinations, and if applicable, the CFP requirements.

Is it hard to be a financial advisor?

Becoming a financial advisor requires several steps, but it is not necessarily hard for motivated candidates. The process can take many years of studying, but many entry-level roles will guide individuals through their initial stages.

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HOW TO BECOME A FINANCIAL ADVISOR: 4 STEPS TO A LIFE-LONG CAREER

How to become a financial advisor: 4 steps to a life-long career