This financial consultant sample job description can assist in your creating a job application that will attract job candidates who are qualified for the job. A primary role of this position includes educating potential investors about the variety of financial services and products their organization offers. Consultants work with their clients to assess future financial needs regarding major life events such as starting families, sending children to college, moving, and retiring. The financial consultant must cultivate continuing relationships with clients, as well as constantly reviewing their investment portfolios and offer advice as needed. Most financial institutions require financial consultants have a bachelor’s degree in a business or a finance-related discipline.
Financial consultants usually must have five or more years of experience at a lower-level position in investment advising. Drag job titles to investigate a particular path and click on a link to see where particular career can lead. As Financial Consultants transition into upper-level roles such as Personal Financial Advisors, they may actually see their salaries decline sharply. Employees cannot expect much in terms of compensation — the median salary amounts to only $30K, 247 percent lower than the top payer.
Most notably, facility with Financial Modeling, Investment Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 37 percent, 21 percent, and 6 percent, respectively. Those proficient in Financial Analysis are, more often than not, also skilled in Data Analysis. Boston is home to an above-average pay rate for Financial Consultants, 64 percent higher than the national average. Financial Consultants will also find cushy salaries in San Francisco (+19 percent), Minneapolis (+18 percent), Chicago (+17 percent), and Washington (+17 percent).
Management consulting firms can have a very narrow focus or they can be broad offering a wide array of services and expertise. Anyone with any specialized expertise can pursue management consulting jobs with a consulting firm. In George Clooney’s new movie Up In The Air, Clooney plays a character that works as a management consultant that goes around firing people on behalf of companies.
Consulting firms advise their clients on any part of their company’s operations. Accordingly, management consulting jobs will typically specialize in one or a few areas of expertise and if they are part of a larger consulting firm, there will be other management consultants that focus on complementary areas of expertise. Again, larger firms will generally offer expert advice on all areas of business management. If a firm specializes in information technology, their management consulting jobs may require technical expertise in IT, software programming, computer networking or a background in internet security. These salary estimates do not include self-employed personal financial advisors.