Finance Major Toolkit
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Financial Planning includes roles that are wide-ranging in their skill needs. There are three basic functions to any of these roles, however, and understanding how much of each category is involved in a specific role is key.
Financial Advising/Planning - this can be selecting investments, asset allocation, risk products (think insurance), estate planning, business succession, budgeting for goals, etc
Client Service - being able to discuss these services, what you are recommending and why, as well as what has happened in a simple to understand manner is a real skill set. Reporting out, dealing with family issues, all of this is relevant. You must be able to communicate concepts in a clear manner.
Sales - you won't have clients if you don't sell your services!
So for whatever role you choose in this field, love of Finance is key, but so is communicating financial information so that the client understands. And you must build trust.
This is perfect for people with strong people skills and a passion for finance.
- What is Financial Planning Like? Watch this videoThis is a video from a financial planning firm in Des Moines, but it lays out in a very clear way what they and most other firms do in some fashion of the financial planning industry.
All Finance Majors are required to take three Finance electives. The best options for this career path are:
- FIN:4220 Fixed Income SecuritiesThis course will cover a variety of fixed income investments analysis and valuation.
Others of Note:
- FIN:4250 Applied Equity ValuationIn this course you will actually be managing a portfolio and will develop strong modeling skills to select stocks for the portfolio
- Edward Jones Financial Advising CareersThis is for Full-time training opportunities
- RMB Capital ManagementRMB offers interships
- VanguardVanguard has a development program for their Financial Advisors
- Northwestern MutualAlthough this discusses financial representative careers nationally, you can get opportunities locally.
- BairdBaird is another regional firm with Iowa ties.
- CFP Career VideoWhat is it like for a young professional to be a financial planner? These are great video testimonials about why this is a good career for you.
- RMB Capital Management InternshipThis is a highly skilled group that does offer internship opportunities. The program should open up this Fall for next Summer.
- Financial Management AssociationThis group provides excellent experiences for students interested in Finance.
- HawktradeJoin this group for a conversation about markets and research.
- FINRA Securities Industry Essentials Exam - Info for StudentsYou may now complete the majority of the necessary Securities examination while still in school. It is called the SIE, and here is a way to learn more about it. We offer a one semester hour online course that prepares you to take the exam - FIN:4030EXW SIE Exam Prep.
- Certified Financial PlannerA CFP designation is important in this field. Learn more about how this designation can help you professionally.
- FINRAYou can't sell certain products without certain licensing. FINRA provides licensing for the sale of many types of securities.
- FINRA Securities Industry Essentials Exam - Info for StudentsYou may now complete the majority of the necessary Securities examination while still in school. It is called the SIE, and here is a way to learn more about it. We offer a one semester hour online course that prepares you to take the exam - FIN:4030EXW SIE Exam Prep.
- Investment NewsDaily news for Financial Advisors
- CFA Private Wealth Management BlogIdeas and Trends in the Wealth Management profession.
- Wealth of Wisdom50 podcasts on the 50 top questions wealthy families ask. Real insights to think about if you are entering the wealth management field.
- WSJ - Your Money BriefingYour Money Briefing is your personal-finance and career checklist, with the news that affects your money and what you do with it. From spending and saving to investing and taxes, the Wall Street Journal’s finance reporters and experts break down complicated money questions every weekday to help you make better decisions about managing your money. Hosted by J.R. Whalen.
The Millionaire Next Door by Thomas J. Stanley (Foreword by); William D. Danko
ISBN: 1589795474Publication Date: 2010-11-16"Why aren't I as wealthy as I should be?" Many people ask this question of themselves all the time. Often they are hard-working, well educated middle- to high-income people. Why, then, are so few affluent. For nearly two decades the answer has been found in the bestselling The Millionaire Next Door: The Surprising Secrets of America's Wealthy, reissued with a new foreword for the twenty-first century by Dr. Thomas J. Stanley. According to the authors, most people have it all wrong about how you become wealthy in America. Wealth in America is more often the result of hard work, diligent savings, and living below your means than it is about inheritance, advance degrees, and even intelligence. The Millionaire Next Door identifies seven common traits that show up again and again among those who have accumulated wealth.
- Last Updated: May 13, 2024 1:17 PM
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