Investment Advisor
...e any money because you are not getting paid a salary. The more clients your have the more money you make. There are a few strengths though. You are your own boss, and you don’t take orders or instructions from other people. You have the free will to work when ever you want wherever you want. The biggest strength I believe is the amount of other jobs you can do get into through the education Investment Advisors received. Investment Advisors become well suited for any job sales related jobs within the financial services industry, such as marketing position with a mutual fund company, or even get into the career as a research analyst. The people skills that Investment Advisors gain can lead them to a career as an insurance agent. And just to blow through the rest that they are qualified for, account manager, bank manager, certified general accountant, customs broker, personal financial planner, real estate agent, trader, venture capitalist, chartered accountant, and a certified management accountant. Importance: An Investment Advisor has quite a bit of importance in our world, nation, and province because more and more people want to put their money away somewhere, or invest in something but they don’t know where or how. So literally thousands of people rely on investment Advisors to tell them what to do and that’s why Investment Advisors are important. Training/Education: There are basically two basic preparations for pursuing a career as an investment advisor. An undergraduate university degree, (in any area). And the successful completion of the Canadian Securities Course, (CSC). The more investment education advisors get in the areas of business and finance, the better. Advisors may do this through an undergraduate degree in business, accounting or economics, or graduate program in business administration. Outside of university, extra business and finance education is available through many correspondence course. Some of these courses are the Canadian Investment Management Course, the Canadian Options Course, and the Canadian Financial Planner Course. After you are finished those courses, which only take 1-2 years and cost four thousand a year, you need to look at other education areas such as an Investment Management course. You can get your master’s degree in three years in this course. In this course you basically just get more knowledge of the investing world, and become better at being able to invest money. It does cost about $4500.00 a year. A course in finance is also needed, and the higher of education you receive the better. To Obtain a Master’s Degree it takes one year, or a Doctoral Degree would take anywhere from 4-6 years, Each year costing from $4000-$5000 a year. Finance is the branch that deals with capital markets and teaches you about asset pricing, corporate control, corporate financing, financial institutions, futures, international finance, mergers and acquisitions, options, portfolio analysis, portfolio management, and valuation. Basically the more important things you need to get ahead in Investment Advising. A course in Business Administration is also very helpful. A master’s degree in this would take up to one year or a doctoral degree would take 4-5 years, but a master degree in this area would be more than you really need. This course is an enriched learning experience that prepares participants for leadership in a world where demands are constantly changing. You focus on the development of interpersonal, leadership, communication and teamwork skills required to manage change, innovation, diversity and social responsibility. It features an 11 month format, two international study tours, executive mentorship, small classes, and business networking. Finally a degree in Management Marketing is also needed. A Doctoral Degree in this takes 4-5 years of schooling, and costs up to $4000 a year. This course concentrates on teaching you such skills as, finance, management science, marketing, and organizational behaviour. Benefits/Opportunities: Investment Advisors working conditions are pretty nice as I explained in the organization and operation of the job. They can work wherever they want, office to their house, and whenever they want. They choose how much they want to work and how many days off they get. Salaries for an Investment Advisor are a little different then normal salary. They stay quite independent. They create their own clientele, and their income is based on commissions they receive for buying and selling their clients investments. Though while in training, most investment advisors receive a salary between $20,000 and $30,000 a year. Once an advisor has finished training, he or she no longer receives a salary; their income is then based only on commissions. So the larger the number and value of the investments an advisor makes, the larger the commissions the advisor earns...