An increasing amount of graduate job opportunities focused around financial planning is leading new graduates to consider pursuing the topic.
Whether or not it is due to the current financial turmoil and the need for businesses to budget, the fact is that graduate vacancies based around financial planning are becoming more and more popular.
In fact, organisations such as the Chartered Insurance Institute (CII) are urging financial planning employers to promote their graduate jobs and career opportunities more widely. But what exactly does a role as a financial planner involve?
A financial planner’s goal is to provide advice to high-net-worth individuals and usually small to medium-sized companies about their finances. Such advice can be focussed on different categories including pension planning, investments and savings, estate planning, insurance, mortgage/property services and tax matters.
The recent Discover Fortunes campaign launched by the CII aims to increase awareness of the financial planning sector and improve financial literacy among college and sixth form students.
Discover Fortunes is also a financial planning game, the CII revealed that eight out of ten of the students who’ve played it said that they’d consider a financial planning career.
Attractive lifestyle
As reported on TargetJobs, graduates working at the Welbeck could make up to £40,000 in their first year - always conditional on meeting targets. The same site states that high-performing, experienced financial planners are said to earn up to six figure salaries.
“Traditionally, in financial planning, talent has been drawn from inside the profession. However, to ensure the sector’s vitality and secure long-term viability it’s important we look to the next generation,” highlighted President of the CII, Julian James.
Given the high level of unemployment among young Brits, relationship manager at the CII, Caspar Bartington, believes that the financial planning sector should take advantage of the pool of graduate talent now available.
“The fluctuating economic climate means there are many talented graduates seeking employment in a profession that offers real opportunities for progression,” said Bartington.
Have you ever considered working as a financial planner? Would you be interested in a graduate position in this field?