A person who does Financial Planning is someone in high demand these days. People are looking to stretch their dollars and earn more with the money they have. Through the use of things like insurance, stocks and financial portfolios, a Financial Planner can help companies and individuals decide how to use their money wisely. A Financial Planning Master's Degree can give you the training needed to become a successful Financial Planner. The typical coursework for this degree includes: accounting, public speaking, portfolio management, market analysis, customer service, and economic forecasting. Please find more information below.
Financial Planning Master's Degree Overview
The Financial Planning Master's Degree is a degree for a student with a Bachelor's degree in business or finance already in hand. The Financial Planning Master's Degree provides training on the use of stock portfolios and managing finances for companies and individuals with an emphasis on increasing wealth. A student who graduates with a Financial Planning Master's Degree will have the knowledge necessary to work with individuals, families or companies and provide investment advice and help plan finances. A student with a Master's Degree in Financial Planning can run his or her own business as a planner or may move into management while working for a business.
Career Possibilities for a Financial Planning Master's Degree
Some of the career possibilities for a student with a Financial Planning Master's Degree include:
* Corporate Financial Planner
* Personal Financial Advisor
* Corporate or Personal Accountant
* Personal Investment Consultant
* Stockbroker
* Corporate Financial Officer
* Banker
A student who has earned a Master's Degree in Financial Planning can expect his or her salary to vary. The variants are the size and location of the company he or she works for and the level of responsibility attained by the employee. According to the U.S. Department of Labor, www.bls.gov, a student who enters management as a finance manager can earn a yearly salary of $81,880. A student who enters the business world as a financial analyst can expect to earn a yearly salary between $37,580 and $113,490. Accountants can earn a yearly salary of $50,770 and that can depend on whether they work for an accounting firm or open their own accounting practice. Students who decide to become financial advisors can earn a yearly salary of $62,700.
Outlook and Growth for a Financial Planning Master's Degree:
The future for students who earn a Financial Planning Master's Degree is very positive, and the financial field is expected to grow faster than average when compared to other fields. This is because both companies and people are looking to better plan for their financial futures. There is also an increasing need for students and employees who can provide financial advice when it comes to financial portfolios and investment in the stock market. The demand for qualified financial analysts and planners appears to be growing. When a company is looking to promote from within, they tend to consider those with Master's Degrees or higher first.
Coursework for a Financial Planning Master's Degree
The courses needed to earn a Financial Planning Master's Degree include:
* Accounting
* Business Writing
* Database Management
* Economics Spreadsheets
* Economics
* Customer Relations
* Portfolio Management
* Investment Management
* Financial Markets
* Financial Planning
* Tax Law
Skills for a Financial Planning Master's Degree
The skills learned with a Financial Planning Master's Degree include:
* Accounting Skills
* Investment Skills
* Financial Planning Skills
* Financial Market Skills
* Business Communication Skills
* Database Administration Skills
* Tax Law Skills
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