What Does a Financial Consultant Do?

Financial consultants provide important professional services to individuals, businesses and organizations. These professionals are rewarded with fulfilling work, excellent compensation and the joy that stems from helping others.

What Financial Consultants Do

Just about every individual and organization can benefit from the services provided by a financial consultant. Financial consultants provide advice pertaining to investments, taxes, estate planning, insurance, retirement, mortgages, college savings and personal finances. These professionals serve business owners, private investors, corporations, professionals and individuals in all walks of life. Working as a financial consultant boils down to analyzing unique personal and professional financial situations, developing strategies to enhance wealth and implementing such plans in a manner that accounts for ever-changing economic dynamics.

Where Financial Consultants Work

Most financial consultants work in finance-oriented environments. Some work for insurance companies. Others work for banks. Certain financial consultants with ample experience and a sufficient client base take the self-employment route by opening their own business.

The Much-Admired Flexibility of Financial Consultants

Financial consultants are often envied by others as they enjoy varied workdays with a variety of challenges, diverse clients and ample compensation. Part of the profession’s appeal is that it allows for contact with all sorts of different professionals and institutions. Financial consultants help individuals ranging from couples saving for their kids’ college educations to professionals saving for retirement to business owners looking to reduce tax liability and beyond. No two clients are the same, providing financial consultants with idiosyncratic challenges that make the workday quite interesting.

Financial Consultant Compensation

Financial consultants are well compensated. According to the Bureau of Labor Statistics, the median salary for financial consultants in 2015 was slightly less than $90,000 per year. More than 250,000 financial consultant positions exist in the United States. The Bureau of Labor Statistics reports this line of work will expand by 30 percent between 2014 and 2024. Such a rapid increase is much faster than that of the average profession in the United States. In terms of aggregate jobs, this percentage increase equates to nearly 74,000 new financial consultant positions.

The Benefits of an Online MBA from SAU

Obtain an online MBA from Spring Arbor University (SAU) and you will be positioned to secure employment as a financial consultant. This accredited Online MBA program features a challenging curriculum with courses in management, strategic leadership, organizational consulting, human resource development and more. Spring Arbor University is revered as a 145-year-old institution of higher learning that provides an education firmly rooted in Christian principles. The MBA online degree program is available to students of all faiths, and allows for graduation in as few as 18 months. The program can even be completed by students who are employed as all coursework is completed online. SAU students can even take a single course at a time in order to fulfill professional and family obligations while still pursuing their online MBA.

All SAU MBA students are taught overarching business principles that serve as a foundation upon which advanced concepts can be added throughout the remainder of the program. Students select one of five online MBA concentrations to enhance their understanding of a particular business niche. This specialization also boosts the student’s marketability for open positions following graduation from the program.

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