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My Personal Finance Journey

Personal finance observation, musing and decisions in a journey toward financial independence by 36 with at least $1 million.

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Best Jobs In America





Money magazine names the top 10 best jobs in America.

1. Software Engineer
2. College Professor
3. Financial Adviser
4. Human Resources Manager
5. Physician Assistant
6. Market Research Analyst
7. Computer IT Analyst
8. Real Estate Appraiser
9. Pharmacist
10. Psychologist

When I graduated from college, I was determined to be a great software engineer. Today, I'm envisioning that Financial Advisor can probably fill some of my time during my semi-retirement years.

From Money:

3. Financial adviser

Why it's great
Twenty years ago, no one ever said, "I want to be a financial adviser when I grow up." Now there are nearly 300 college programs for financial planning, and M.B.A.s, lawyers and accountants are jumping to this lucrative but more people-friendly profession.

As company pensions die out and Americans increasingly have to manage their own retirement savings, financial planning is no longer just for the rich. And with Gen X-ers entering their peak earning years and boomers nearing retirement, business will get better still.

What's cool
If you have a knack for numbers and a way with people, you can use Wall Street skills without selling your soul. You can work for yourself, for a small shop or for a giant financial services firm.

What's not
Compliance rules mean lots of paperwork. Stress? You have to build a practice from the ground up.

Top-paying job
Advisers who manage client portfolios earn $200,000-plus.

Education
A college degree, plus certification and continuing education.

This post has 6 comments. Read and share your opinions.

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Comments
>>> makingourway Commented on July 25, 2006

I agree with you, financial advisor seems like a very interesting job.
I'm puzzeled though - Software Engineering? How could they rank it so highly? After the industry has been through such horrible layoffs and instability? The constant pressure of offshoring pushing down real wages? What's theyr're logic?
regards,
makingourway


>>> qw Commented on July 25, 2006

http://money.cnn.com/magazines/moneymag/bestjobs/

From the article:

1. Software Engineer
Why it's great Software engineers are needed in virtually every part of the economy, making this one of the fastest-growing job titles in the U.S. Even so, it's not for everybody.

Designing, developing and testing computer programs requires some pretty advanced math skills and creative problem-solving ability. If you've got them, though, you can work and live where you want: Telecommuting is quickly becoming widespread.

The profession skews young -- the up-all-night-coding thing gets tired -- but consulting and management positions aren't hard to come by once you're experienced.


>>> Ed Nelson Commented on July 26, 2006

I started out in Software and after 20 years I am switching to Financial Planning (and there is a big difference in so-called "advisers" and planners).

I am about 2/3 through the certifications/training that I deemed necessary, and I have the sales skills , which is probably the hardest thing to come by.


>>> Melinda Commented on August 7, 2006

Money magazine names the best top 10 jobs in America, while it should name one, so I can choose.


>>> James Logan Commented on August 15, 2006

I think the best job is being retired and doing what you want to.
Everybody's trying to get me to read that zero-to-success guy's book.
Anybody heard of him?


>>> Anon Commented on September 13, 2006

Having gone thru the entire hiring & training process with one of biggest financial services firms in the industry, I can say that if you have integrity and objectiveness, the only way to be a financial advisor is to work for yourself. However, if you are new to the industry, you cannot obtain your NASD Series licenses without sponsorship from a firm.

I found that what appeared on the outside to be a fulfilling and educational position, turned out to be a entry-level sales position, with emphasis on selling the proprietary products instead of organizing a stellar plan.

As much as I enjoy sales, sacrificing a customers personal financial future to make a few bucks is not up my alley.



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