Make this profitable, get the most out of the resources of a particular company/person.
Propose models and methods to increase savings capacity and maximize investments that can be accessed with the resources available.
Financial advisor
What to study to work as a financial consultant?
When working as a financial advisor, professionals must have a basic education, such as a degree in Business Administration and Management (ADE). It is then very important to specialize in finance and the world of economics , by taking a master's degree in finance and/or a master's degree in financial management , among others. EAE Barcelona has two of these proposals and they provide those interested in working as a financial advisor with a high level of training to perform in the labor market.
Once the professional has been trained to work as a financial consultant, a series of certifications and professional groups are given that allow them to practice the profession with guarantees for the clients who will trust in their services. There are several options. On the one hand, there is the
European Financial Planning and Advisory Association (EFPA) and the Professional Association of Investment, Financing and Court Expert Advisors (AIF). These are two of the leading associations in countries such as Spain.
As for qualifications, for people who want to better understand germany whatsapp data what a financial advisor is and how to carry out this work, the European Certification EFA, European Financial Advisor Certification (EFP) is key in the sector . To obtain it, you have to pass an exam and specific trainers are offered to pass the test and obtain the qualification as a financial advisor. Professional experience that can be accredited is essential .
How much does a financial advisor charge?
These professionals are thus seen as figures who help companies and individuals to better manage their assets and financial resources and enable them to maximise possible investments and the management of the assets they hold. In this respect, it is a job with an interesting remuneration that makes it a job to be taken into account by those who have trained in economics and business.
When asked how much a financial advisor earns , various figures are given in the labour market. According to Talent, a portal specialising in employment, in 2023 the average salary of a financial advisor was 1,804 euros. This is in the case of medium profiles. If we refer to seniors, the remuneration received by these consultants is around 3,000 euros per month. They usually have variables and bonuses based on the income their clients receive from their work.
When it comes to setting a remuneration if you work as a financial advisor, there are aspects that have a significant influence. These are the key points:
Experience . The longer you have been working and exercising your profession, the larger the figures become.
Training . Qualifications are a very important point to take into account, especially if you are young and are just entering the labour market. This is why taking specific master's degrees such as those mentioned above can be crucial if you want to develop your career as a financial consultant.
Certification and accreditations . This is a point to take into account, so do not underestimate the importance of validating your knowledge and experience with qualifications such as the one mentioned in the previous point, the European EFA Certification,European Financial Advisor Certification (EFP).
This European qualification is one of those recognised by the National Securities Market Commission (CNMV). It has a list of certifications that it considers valid so that clients know that they can trust the knowledge and good practice of the financial advisor .