Career and Education Opportunities for Personal Financial Planners in Hawaii
Hawaii has a population of 1,295,178, which has grown by 6.90% in the last 10 years. Nicknamed the "Aloha State," Hawaii's capital and largest city is Honolulu.
There are currently 660 working personal financial planners in Hawaii; this should grow by 4% to 690 working personal financial planners in the state by 2016. 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.
Income for personal financial planners is about $20 per hour or $42,190 yearly on average in Hawaii. Nationally, their income is about $33 per hour or $69,050 per year. Earnings for personal financial planners are not quite as good as earnings in the general category of Accounting and Auditing in Hawaii and better than general Accounting and Auditing category earnings nationally. Jobs in this field include: socially responsible investment adviser, investment representative, and investment advisor.
In 2008, there were a total of 873,749 jobs in Hawaii. The average annual income was $42,078 in 2008, up from $40,924 the preceding year. The unemployment rate in Hawaii was 6.8% in 2009, which has grown by 2.8% since the previous year. About 26.2% of Hawaii residents have college degrees, which is higher than the national average.
The top industries in Hawaii include hotels, clothing accessories stores, and full-service restaurants. Notable tourist destinations include the Iolani Palace, the Hawaii Army Museum Society US Army Museum, and the Daughters of Hawaii.
CITIES WITH Personal Financial Planner OPPORTUNITIES IN Hawaii
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 Hawaii 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.
- 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: Hawaii
Hawaii has a population of 1,295,178, which has grown by 6.90% over the past decade. Nicknamed the "Aloha State," Hawaii's capital and biggest city is Honolulu. In 2008, there were a total of 873,749 jobs in Hawaii. The average annual income was $42,078 in 2008, up from $40,924 the previous year. The unemployment rate in Hawaii was 6.8% in 2009, which has grown by 2.8% since the previous year. Approximately 26.2% of Hawaii residents have college degrees, which is higher than the national average.
The top industries in Hawaii include hotels, clothing accessories stores, and full-service restaurants. Notable tourist attractions include the Iolani Palace, the Academy of Arts Honolulu, and the The Contemporary Museum.