1. Wall Street meets Main Street
This is where Wall Street meets Main Street.You can deliver real value to real people while pursuing financial market stimulation.Families and individuals will benefit greatly from your work.You will be their advocate and adviser in every financial decision.They will trust you enough to share their dreams and fears.Whether you’re helping them build a retirement fund or planning for their children’s college fund, you can help shape people’s financial future.Investing in life doesn’t have to be a zero-sum game here.
2. A career in finance can also make you live
You are young and energetic in the financial markets.That means you should take a job as an analyst in an investment bank, right?
A career in wealth management will enable you to develop an interest in the financial markets, live a fulfilling life, and earn a living outside the office.You don’t have to work 100 hours a week to sell your soul for a career in military finance.With wealth management, you don’t have to do that.
3. You build valuable career and life skills
The skills you learn as a financial adviser will help you throughout your career and life.This includes mastery of financial skills, the best way to plan for retirement, portfolio diversification or soft skills (such as building trust) and a customer base.It’s an apprenticeship, early in the day with the right mentor, and these are vital skills, regardless of your career and life trajectory.
4. It’s all about entrepreneurship
You don’t have a boss for the job.You have clients.This is the work of self-starters with independent characteristics.
And, as they gain experience, financial advisers can set up their own branches.These branches often bear the hallmarks of financial giants such as Morgan Stanley and Merrill Lynch, but they operate like their own stand-alone businesses, as do large investment banks.This gives financial advisers great autonomy to run their businesses, manage clients and make investment decisions
5. Managing money can help you make money
Compensation usually includes a base salary and incentive compensation above and beyond certain benchmarks.As you build a larger roster of trusted clients, you can effectively increase your revenue by increasing assets under management, issuing new loans, and selling investment products, and as your revenue increases, so does your bonus.Companies actively compete for talented wealth managers who have the ability to build reliable relationships, and experienced financial advisers can easily earn these seven numbers.
6. Trusted advisors to the world’s most influential people
Successful financial advisers go on to manage the wealth of the world’s most powerful people.In mid-2004, for example, Divesh Taklamakan, a private client adviser at Goldman Sachs, was able to secure clients for many of Facebook’s first employees, including Mark Zuckerberg and Sean Parker.When Mr Markan and his team left Goldman and moved to Morgan Stanley in 2008, he reportedly received a signing bonus of around $20m.Mr Markon and his colleagues went on to set up their own firm, Iconiq Capital, and built a sizeable advisory business that attracted clients.Successful people need and discover the skills of good financial managers, and if you have the ability to build trust, you too could one day be a star consultant.
7. A finance job that won’t let you move to New York City
Passionate about the financial markets and looking for a military career without moving to New York?Without wealth managers, they tend to be closer to their clients.Their customers are everywhere.So, you can build a great career anywhere!
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