Career and Education Opportunities for Personal Financial Planners in Arkansas
Arkansas has a population of 2,889,450, which has grown by 8.08% over the past 10 years. Nicknamed the "Natural State," Arkansas's capital and biggest city is Little Rock.
About 940 people are currently employed as personal financial planners in Arkansas. By 2016, this is expected to grow by 24% to about 1,170 people employed. This is not quite as good as the nation as a whole, where employment opportunities for personal financial planners are expected to grow by about 30.1%. In general, personal financial planners advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate.
Personal financial planners earn approximately $25 per hour or $52,800 annually on average in Arkansas. Nationally they average about $33 hourly or $69,050 annually. Personal financial planners earn more than people working in the category of Accounting and Auditing generally in Arkansas and more than people in the Accounting and Auditing category nationally. Personal financial planners work in a variety of jobs, including: relationship manager, securities consultant, and financial advisor.
In 2008, there were a total of 1,599,446 jobs in Arkansas. The average annual income was $32,257 in 2008, up from $31,517 the preceding year. The unemployment rate in Arkansas was 7.3% in 2009, which has grown by 2.1% since the previous year. About 16.7% of Arkansas residents have college degrees, which is lower than the national average.
The top industries in Arkansas include poultry processing, hardware, and plumbing equipment merchant wholesalers, and ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing. Notable tourist attractions include the Quapaw Quarter Association, the Museum of Discovery, and the Hendershott Museum Consultants Inc.
CITIES WITH Personal Financial Planner OPPORTUNITIES IN Arkansas
JOB DESCRIPTION: Personal Financial Planner
In general, personal financial planners advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate. They also duties include assessing clients' assets, liabilities, and financial objectives to establish investment strategies.
Every day, personal financial planners are expected to be able to articulate ideas and problems. They need to deal with basic arithmetic problems. It is also important that they think through problems and come up with general rules.
Similar jobs with educational opportunities in Arkansas include:
- Accountant. Analyze financial information and prepare financial reports to determine or maintain records of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization.
- Auditor. Examine and analyze accounting records to determine financial status of establishment and prepare financial reports concerning operating procedures.
- Budget Analyst. Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations. Analyze budgeting and accounting reports for the purpose of maintaining expenditure controls.
- Cost Analyst. Prepare cost estimates for product manufacturing, construction projects, or services to aid management in bidding on or determining price of product or service. May specialize according to particular service performed or type of product manufactured.
- Credit Analyst. Analyze current credit data and financial statements of individuals or firms to determine the degree of risk involved in extending credit or lending money. Prepare reports with this credit information for use in decision-making.
- Financial Analyst. Conduct quantitative analyses of information affecting investment programs of public or private institutions.
- Financial Examiner. Enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify correctness of, or establish authenticity of records.
- Income Tax Advisor. Prepare tax returns for individuals or small businesses but do not have the background or responsibilities of an accredited or certified public accountant.
- Insurance Adjuster. Investigate, analyze, and determine the extent of insurance company's liability concerning personal, casualty, or property loss or damages, and attempt to effect settlement with claimants. Correspond with or interview medical specialists, agents, or claimants to compile information. Calculate benefit payments and approve payment of claims within a certain monetary limit.
- Insurance Appraiser. Appraise automobile or other vehicle damage to determine cost of repair for insurance claim settlement and seek agreement with automotive repair shop on cost of repair. Prepare insurance forms to indicate repair cost or cost estimates and recommendations.
- Insurance Underwriter. Review individual applications for insurance to evaluate degree of risk involved and determine acceptance of applications.
- Loan Officer. Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and methods of payments. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, and loan underwriters.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: Arkansas
Arkansas has a population of 2,889,450, which has grown by 8.08% over the past decade. Nicknamed the "Natural State," Arkansas's capital and biggest city is Little Rock. In 2008, there were a total of 1,599,446 jobs in Arkansas. The average annual income was $32,257 in 2008, up from $31,517 the previous year. The unemployment rate in Arkansas was 7.3% in 2009, which has grown by 2.1% since the previous year. Approximately 16.7% of Arkansas residents have college degrees, which is lower than the national average.
The top industries in Arkansas include poultry processing, hardware, and plumbing equipment merchant wholesalers, and ventilation, heating, air-conditioning, and commercial refrigeration equipment manufacturing. Notable tourist destinations include the Museum of Discovery, the Macarthur Museum of Arkansas Military History, and the Quapaw Quarter Association.