Page 69 - Beauty Prime Magazine

Why Financial
Planning Is a Great
Career Option for
Women
Financial planning is an increasingly popular and lucrative career for
women, offering high salaries, work-life balance, personal fulfillment,
and strong support networks, including initiatives, scholarships, and
mentorships from the CFP Board.
as told to J. Evans
was once thought
Financial planning
of as a male-dom-
inated industry,
but that’s quickly
changing. The number of
women getting their CERTI-
FIED FINANCIAL PLAN-
NER™ certification is grow-
ing year over year — and for
good reason: The benefits of
entering this field as a woman
are numerous. Below are a
few to consider.
• It’s lucrative. Financial
planners are in high demand
and are well-compensa-
ted for their expertise. A
financial advisor can pull in
a generous salary right out
of the gate, and earning the
right credentials can boost
compensation significantly.
The median income for those
with CFP® certification and
less than 5 years of expe-
rience is $100,000 — and
that median figure grows to
$206,000 with 10 or more ye-
ars of experience. In general,
financial advisors with CFP®
certification earn 12% more
than those without.
• Being a CFP® professi-
onal offers good work-life
balance. With the potential
to work remotely and create
one’s own schedule, financial
planning is a career path
well-suited to those looking
for flexibility and a desirable
work-life balance.
• Financial planning can
be personally fulfilling.
Providing competent, ethical
financial advice that helps
others achieve their life goals
— from sending their child-
ren to college to securing a
comfortable retirement —
can be extremely gratifying.
Research also finds that
female CFP® professionals
have a unique dedication to
providing holistic financi-
al planning. Working as a
financial planner provides
opportunities to uplift and
empower other women, as
well as members of groups
historically given fewer
opportunities to accumulate
wealth.
• Women who aspire to
become CFP® professionals
will find support in many pla-
ces. CFP Board, for example,
has implemented initiatives
to recruit women and advan-
ce their careers.
Some firms subsidize the
cost of CFP® certification
and give employees time
away from work to study for
the CFP® exam. Additional-
ly, women’s networks and
business councils can help
build leadership skills and
professional confidence, and
many firms are even paying
their employees’ membership
fees.
CFP Board also administers
scholarships for individu-
als underrepresented in the
field, along with a mentoring
program.
To learn more and get
started today on your path to
becoming a CFP® professio-
nal, visit getCFPcertified.org.
With demand for personal
financial advisors expected to
grow significantly in the co-
ming years, and the industry
making way for more women
professionals, it’s worth
exploring this rewarding
career path.
PHOTO SOURCE:
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iStock via Getty Images Plus
(StatePoint)
BEAUTY PRIME II 69