Education Financial Planning

Financial planning is all about managing money and other resources in the organization with a future outlook. The responsibilities vary according to the job titles and the nature of the business organization. But one of the general tasks is to offer assistance in meeting the financial goals of the firm through proper plans. Queries related to money management, investment plans, education expenses and retirement savings are clarified by them. Some of the career roles include personal financial advisors, financial managers and financial management analyst.

Financial managers administer the financial sector of the business organization by analyzing the transaction information and reports. They have to prepare reports about the financial activities on each business procedures and how they will affect the total profitability. Personal financial advisors offer assistance to the individuals with investments, banking and other financial needs and help them in making a right decision. They have to meet the clients of the organization and convince them about the economic strategies. Whenever there is a need for consultation for an economic issue, financial analysts may offer assistance for the firms. Decisions related to investments, expenses and other production costs are analyzed and decided by them. According to the U.S Bureau of Labor Statistics the job opportunities for the financial managers are expected to increase by 9 percent, personal financial advisors by 32 percent and financial analysts by 23 percent from 2010 to 2020. Mean annual wages for the financial managers were $103,910, personal financial advisors were $64,750 and that of financial analysts were $74,350 and in May 2010. Job prospects in the financial services are expected to be good for the entry level professionals. A bachelor's degree in finance or economics may help to find the job in the business field. But candidates with enough working experience or advanced degrees in financial planning may find better job prospects. Thus, there are various types of career paths available in the realm of financial planning with lucrative salaries and those who are interested in it have good prospects.