Financial adviser : Entry requirements

Although this area of work is open to graduates and diplomates of any discipline, the following subjects may improve your chances:

• finance/financial studies;
• business management;
• accountancy.

Entry without a degree is possible and employers often regard personal qualities as important as academic qualifications. Relevant experience in a customer service, sales or financial services setting is also viewed positively. New entrants often start in a bank and study part time, learning alongside experienced advisers.

It is also possible to enter the financial advice sector as a paraplanner, providing research and administrative support to a financial adviser.

A pre-entry postgraduate qualification is not needed.

Evidence of commercial awareness acquired through part-time or vacation work or a longer work placement is useful. Experience in sales, advisory or customer service work is also valuable. Talk to a financial adviser for a greater insight into this area of work.

Candidates will need to show evidence of the following:

• excellent communication, interpersonal and listening skills;
• the ability to explain complex information simply and clearly;
• the ability to network and establish relationships with clients;
• research and analytical skills;
• negotiation and influencing skills as well as determination and tenacity;
• the ability to work in a team;
• time management skills;
• self-motivation and organisation;
• a good level of numeracy;
• a target-driven mindset;
• a flexible approach to work;
• decision-making skills;
• discretion and an understanding of the need for client confidentiality;
• an ethical and professional approach to work.

A full driving licence is useful, particularly for independent financial advisers (IFAs) who may have to travel to visit clients in their own homes.

Some retail banks offer graduate training schemes, whereas private banks often recruit graduates direct into the business.

It is possible to move into financial advice from other areas of the banking and insurance sector.

More information on a career in financial advice and planning is available from the Financial Skills Partnership .

For more information, see work experience and internships and search courses and research.