Financial Planning Career Report: Analysis, Challenges, and Solutions

This report delves into the realm of financial planning as a career, examining the steps involved in career planning and development. It highlights the importance of financial planners in managing finances and outlines the necessary educational background, including relevant coursework in finance, accounting, and risk management. The report also presents a graph illustrating the roles of a financial planner and advisor, followed by a discussion on qualities essential for achieving career objectives, such as a good reputation and a proactive approach. Additionally, it addresses potential challenges like maintaining client requirements and extracting accurate information. The report concludes by emphasizing the importance of aligning career choices with individual skills and interests, providing a comprehensive overview of the financial planning profession.

Personal and
Professional
Development

Table of content
• Introduction
• Describe a given professional field
• Analysis of career planning
• Graph showing roles of a financial planner and advisor
• Determination of qualities that assist in obtaining objectives of career plans
• Identification of possible challenges and discussion regarding possible solutions
• Conclusion
• References

Introduction
This presentation is related with the overall development of a person in an organisation. This
overall development includes personal and professional development. This presentation is
throwing light upon preparation of a career plan while discussing concepts like, First part of
preparation of career plan involves steps like identification of a specific area of study
according to skills and capabilities of an individual.

Describe a given professional field
Money is the backbone of any country and also business sector. To manage the flow of money and
also to carry out the procedure of planning in money matters is important. For this purpose, role of
financial planners come in force (Timmerman and Volkov, 2020). In this report career planning is done
in context of a very important job role and that is financial planner.

Analysis of career planning
To become a financial planner, first step is to complete a bachelor's degree administration or in
specialized field like financial management and accounting. In this course, an individual will have to
study subjects like operations management, marketing, finance and accounting. Subjects those needs to
be covered under this career are investments, financial planning and risk management.

Graph showing roles of a financial
planner and advisor

Determination of qualities that assist in
obtaining objectives of career plans
• Good reputation
• Pro active approach
• Minimum panic

Identification of possible challenges and
discussion regarding possible solutions
• Maintaining client requirements
• Extracting accurate information from the client

CONCLUSION
According to this report, it can be elucidated that there are several alternatives available with an individual that
can be chosen. This choice is made in accordance of skills and capabilities of a person. The choice is depending
over the interest set of person also. Furthermore, to become a financial planner, there are various skills those
needs to be learnt in order to become successful in this path.

REFERNCES
Poynton, T.A., Lapan, R.T. and Marcotte, A.M., 2015. Financial planning strategies of high school seniors:
Removing barriers to career success. The Career Development Quarterly. 63(1). pp.57-73.
Rothwell, W.J. and et.al., 2015. Career Planning and Succession Management: Developing Your
Organization's Talent—for Today and Tomorrow: Developing Your Organization’s Talent—for Today
and Tomorrow. ABC-CLIO.
Timmerman, I. and Volkov, N., 2020. Career and education choice as central elements of longterm financial
planning. Financial Services Review. 28(3).