Despite high unemployment rates and a slow economy, job outlooks are bright for students considering degrees related to financial services. In fact, according to the U.S. Department of Labor¹s Occupational Outlook Handbook for 2010-11, the demand for personal financial advisers, insurance agents and financial analysts is expected to rise faster than average by 2018.
To snag one of these positions, experts say experience and financial prowess are key. ³Our incoming financial professionals bring a sound understanding of financial issues and offer a variety of unique skills that allow us to contribute to a spirit of diversity and excellence,² says David Simmons, director of marketing at Wealth Concepts LLC, a general agency of Massachusetts Mutual Life Insurance Company.
Students who are interested in a career in financial services should consider a degree in business, finance, economics, marketing or sales. In addition, good candidates have the following attributes:
An interest in helping others: Financial services professionals work directly with individuals to assist them with their financial strategies.
A taste for entrepreneurship: A drive to meet personal and professional goals as well as exceptional time management skills are ideal traits for successful financial professionals.
A love for learning: The financial industry landscape is always changing so good candidates should be open to feedback and guidance, while continually looking for new ways to gain experience and knowledge.
A knack for networking: Making new contacts and building long-lasting relationships with individuals are key to developing a strong client base and growing your business over time.