Financial Advisors

A financial adviser is one of the many jobs a finance major can obtain. Usually an adviser works for a bank or a financial firm or group. Advisers usually work with clients or customers at a bank who want to grow their capital. They usually will manage a client’s capital and invest it for them and take a percentage of their money every year or quarter as a fee for their service of investing it.┬áSome companies that have advising jobs are J.P. Morgan, B.O.A., Chase, Merrill Lynch, and Wells Fargo. As an adviser you use computers and IS to track the market. You analyze changes and patterns in the market to make effective investments and grow your clients capital. Adviser’s have to report transactions of stocks and bonds, and fill out reports on risk assessment. Hours as an adviser can be less intensive than an analyst or investment banker because the market opens at 9 A.M. and closes at 5 P.M. which are typical working hours for an office job. The average salary for a financial adviser is $89,000. This job is for someone who is an expert in making predictions, risk analysis, and attention to detail. It’s not as rigorous or cut throat as being an investment banker or analyst but it still take a smart, and cautious individual to do the job and do it well. Advisers can either deal with clients that want conservative long term investments which are usually easier to manage, or they can deal with clients who want risky short term investments that can yield larger gains/losses. This area takes much more work and time to make the right decisions, and things can also go wrong much faster. Overall an Adviser is a great position to hold and pays well compared to the average salary in the U.S.