Is accounting a good degree for a financial planner?

Question:

Is accounting a good degree for a financial planner?

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Answer:

Usually, the best degrees for financial planners/advisors are those in accounting, finance, economics, business, mathematics, or law. Some specific courses that are helpful for these workers include investments, taxes, estate planning, and risk management. At many colleges and universities, courses in financial planning are becoming more readily available. Typically, they need a minimum of a bachelor's degree in these areas, but a master's degree is sometimes required. However, a master's degree or certification always increases one's chances of being hired.

To become certified, people usually need a bachelor's degree and a certain amount of relevant work experience, typically around 3 years. The most popular certifications include courses in financial planning, insurance planning, risk management, employee benefits planning, income taxes and retirement planning, and investment and real estate planning. Additionally, the best way to advance in a company is to get a master's degree in areas like finance or business management. This is especially helpful for people wanting to attract new clients or move to management positions.

For more information about accounting degrees, check out this article: Bachelor of Accounting: Degree Overview

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