The first step to becoming an Investment Advisor is to earn a Bachelor's degree in finance, accounting, economics, or statistics.  While a graduate degree is not necessary for every workplace, some employers prefer graduate degrees to open more career possibilities. Many Investment Advisors start working right away and earn an MBA part-time while working. 

After three years of working in the banking or financial field, you are eligible to take a certification program. These programs consist of coursework, an exam, and continuing education. Investment Advisors have at least one of the following designations: 

• Certified Investment Advisor (CFP)
• Personal Financial Specialist (PFS) (for chartered accountants)
• Chartered Financial Consultant (ChFC)
• Chartered Financial Analyst (CFA)

These designations are all quite similar, but different employers may require different designations. It is a good idea to research your desired workplace and see what designations most of their employees hold. This can help you plan your educational path. 

Important things to know before becoming an Investment Advisor

• The financial industry is rather traditional.

According to US News, the average age of an Investment Advisor is over 50. This is an industry that is slow to change and may not be receptive to new ideas. This is not to say that you shouldn't try to bring new ideas to the table, but you should be prepared to encounter some pushback from the old guard. 

• You need to have good people skills.

There is a common misconception that Investment Advisors are mere number crunchers. While math skills are essential, you also need good people skills. You will meet with clients looking to plan their estates or set up college savings for this child, which will require asking questions and actively listening to their answers.

• You need to be an excellent problem-solver.

Sometimes, money issues are a symptom of a more significant problem, like a health issue or a death of a loved one. You need to rely on active listening, empathy, and creative problem-solving to help these clients.