Ask an IT guy, working for a huge multinational company equipped with infrastructures par excellence but making him slog day in and day out, as to why is he in such a field? Out of a hundred such professionals you get to know that four or maximum, five of them like what they are doing. The rest are just there because it is a known fact or rather, a widespread belief that there is lot of money in that field. They work on the principle of ‘Apna Sapna Money Money’ and not on what is the ‘Karma’ he is going about doing. You find such people in many fields apart from IT. Now, try putting forth another question, what does he do with all the money apart from his normal expenses. You get to see a multi-expressional face filled with amazement, wonder, a none-of-your-business expression and finally a confused expression which says ‘O ya, I have been thinking that I have to think about that’.
Most earning people don’t know what to do with their money. All they know is that they have to save money somehow but they are unaware of the details and the various ways of achieving this. A person visiting the Taj Mahal would want to know what exactly drove Emperor Shah Jahan to build such a beautiful structure and the stories behind it. So his obvious move next will be to hire a guide. Commensurate to the same example, most people need guidance on where to invest, how to save taxes, the best insurance scheme, which fund to invest in, which stock to hold, which one to sell, how to plan junior’s college and their own retirement. For all those fledglings, financial planners come into helping them make better use of their money and achieve financial goals.
Career in Financial Sectors
Financial Planning is one of the fastest-growing professions across the world. And opportunities are plenty, also for those looking at not starting their own practice; banks, Financial Planning outfits, wealth managers, life insurers, accounting firms, stocks brokers are lapping on to people with such expertise. A student who is pursuing a career in financial planning need not have a second thought to it. He is about to go for the most interesting and challenging field and getting it done from a good institute can make him a bankable financial advisor. Needless to say a career as a Financial Planner can prove both challenging and rewarding.
Students as Financial Planners can be generalists or specialists. Some practice comprehensive Financial Planning while others emphasize money management, retirement planning and/or estate and tax planning. Some target specific markets-retirees, HNIs, non-salaried professionals, NRIs, under 40s, doctors and those in the software industry and young professionals. The quickest route to success as a Financial Planner is to train with and work for a financial-services company or wealth managers. After acquiring experience, look at options that can enable you to set your own practice or work with a planner to get the desired mentoring to start your own Financial Planning businesses.
Another important reason why choosing a career as a Financial Planner for students is beneficial is because most Financial Planners enjoy relatively low stress, have a high earning potential and enjoy a high degree of workplace autonomy. The personal satisfaction element cannot be underestimated. A very small example is when a student helps his friend with his studies and when his results show that he passed with flying colours, the satisfaction that he gets is incomparable. Very often, independent Financial Planners find that people are just overwhelmed and need direction, so it’s their job to listen, understand their situation and offer some options that will help them. It gives them a satisfaction of being able to help people do better, and it’s not just about their finances. It’s about blending the financial side with the other sides of clients’ lives so that they can achieve their goals.
The future poses numerous opportunities for Financial Planners to take advantage of thousands of available jobs in this expanding profession. There is also the possibility to fuel your entrepreneurial spirit and enjoy the benefits of owning your own business. Students need to distinguish themselves by gaining knowledge, competence, and professional status and this can be achieved by proper guidance to the Financial Planning aspirants. They have a great scope in Financial Planning sector by offering a wider range of services and thereby, they can be in charge of their own financial future.
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