Career and Education Opportunities for Personal Financial Planners in Missouri
Missouri has a population of 5,987,580, which has grown by 7.01% over the past decade. Nicknamed the "Show Me State," its capital is Jefferson City, though its most populous city is Kansas City.
About 2,240 people are currently employed as personal financial planners in Missouri. By 2016, this is expected to grow by 18% to about 2,640 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.
The income of a personal financial planner is about $34 hourly or $72,410 per year on average in Missouri. In the U.S. as a whole, their income is about $33 hourly or $69,050 yearly on average. Earnings for personal financial planners are better than earnings in the general category of Accounting and Auditing in Missouri and better than general Accounting and Auditing category earnings nationally. Personal financial planners work in a variety of jobs, including: fiscal specialist, financial coordinator, and strategist.
In 2008, there were a total of 3,672,794 jobs in Missouri. The average annual income was $36,356 in 2008, up from $35,120 in 2007. The unemployment rate in Missouri was 9.3% in 2009, which has grown by 3.2% since the previous year. About 21.6% of Missouri residents have college degrees, which is lower than the national average.
The top industries in Missouri include stationery supplies merchant wholesalers, specialized freight trucking, and electrical apparatus, wiring supplies, and related equipment merchant wholesalers. Notable tourist attractions include the John Wornall House Museum, the Cave Spring Interpretive Center, and the Kansas City Museum.
CITIES WITH Personal Financial Planner OPPORTUNITIES IN Missouri
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 Missouri 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.
- Assessor. Appraise real and personal property to determine its fair value. May assess taxes in accordance with prescribed schedules.
- 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.
- Loan Counselor. Provide guidance to prospective loan applicants who have problems qualifying for traditional loans. Guidance may include determining the best type of loan and explaining loan requirements or restrictions.
- 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.
- Real Estate Appraiser. Appraise real property to determine its value for purchase, sales, or loan purposes.
- Tax Examiner. Determine tax liability or collect taxes from individuals or business firms according to prescribed laws and regulations.
LOCATION INFORMATION: Missouri
Missouri has a population of 5,987,580, which has grown by 7.01% over the past decade. Nicknamed the "Show Me State," its capital is Jefferson City, though its largest city is Kansas City. In 2008, there were a total of 3,672,794 jobs in Missouri. The average annual income was $36,356 in 2008, up from $35,120 the preceding year. The unemployment rate in Missouri was 9.3% in 2009, which has grown by 3.2% since the previous year. Roughly 21.6% of Missouri residents have college degrees, which is lower than the national average.
The top industries in Missouri include stationery supplies merchant wholesalers, specialized freight trucking, and electrical apparatus, wiring supplies, and related equipment merchant wholesalers. Notable tourist destinations include the Kansas City Missouri City, the Crown Center Complex, and the Black Archives of Mid.