Popular Careers

Career Development

Career development resources for aspiring professionals.

Career Change Center

Career change guides, tutorials and resources for professionals in transition.

Job Search Resources

Job search resources, websites, guides and directories for job seekers.


Career and Education Opportunities for Personal Financial Planners in Jersey City, New Jersey

There are many career and education opportunities for personal financial planners in the Jersey City, New Jersey area. About 7,600 people are currently employed as personal financial planners in New Jersey. By 2016, this is expected to grow by 30% to 9,900 people employed. This is not quite as good as the national trend for personal financial planners, which sees this job pool growing by about 30.1% over the next eight years. In general, personal financial planners advise clients on financial plans utilizing knowledge of tax and investment strategies, securities, and real estate.

A person working as a personal financial planner can expect to earn about $30 per hour or $63,870 yearly on average in New Jersey and about $33 hourly or $69,050 per year on average in the U.S. as a whole. Personal financial planners earn less than people working in the category of Accounting and Auditing generally in New Jersey and more than people in the Accounting and Auditing category nationally. People working as personal financial planners can fill a number of jobs, such as: securities consultant, certified financial planner , and fiscal specialist.

There are 322 schools of higher education in the Jersey City area, including thirty-two within twenty-five miles of Jersey City where you can get a degree to start your career as a personal financial planner. Given that the most common education level for personal financial planners is a Bachelor's degree, you can expect to spend about four years studying to be a personal financial planner if you already have a high school diploma.

CAREER DESCRIPTION: Personal Financial Planner

Personal Financial Planner video from the State of New Jersey Dept. of Labor and Workforce Development

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.

Personal financial planners analyze financial data obtained from clients to establish strategies for meeting clients' financial objectives. They also inspect clients' accounts and plans regularly to establish whether life changes or financial performance indicate a need for plan reassessment. Equally important, personal financial planners have to monitor financial market trends to insure that plans are effective, and to pinpoint any needed updates. They are often called upon to explain and document for clients the types of services that are to be provided, and the responsibilities to be taken by the personal financial advisor. They are expected to answer clients' questions about the purposes and specifics of financial plans and strategies. Finally, personal financial planners meet with clients' other advisers and investment bankers, to fully understand clients' financial goals and circumstances.

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.

It is important for personal financial planners to build and maintain client bases, keeping current client plans up-to-date and recruiting new clients on an ongoing basis. They are often called upon to sell financial products such as stocks and insurance if licensed to do so. They also devise debt liquidation plans that include payoff priorities and timelines. They are sometimes expected to conduct seminars and workshops on financial planning topics such as retirement planning and the evaluation of severance packages. Somewhat less frequently, personal financial planners are also expected to open accounts for clients, and disburse funds from account to creditors as agents for clients.

Personal financial planners sometimes are asked to meet with clients' other advisers and investment bankers, to fully understand clients' financial goals and circumstances. And finally, they sometimes have to explain to individuals and groups the specifics of financial assistance available to college and university students, such as loans and scholarships.

Like many other jobs, personal financial planners must have exceptional integrity and be thorough and dependable.

Similar jobs with educational opportunities in Jersey City 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.
  • 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 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.

EDUCATIONAL OPPORTUNITIES: Personal Financial Planner Training

Long Island University-C W Post Campus - Brookville, NY

Long Island University-C W Post Campus, 720 Northern Blvd, Brookville, NY 11548-1300. Long Island University-C W Post Campus is a medium sized university located in Brookville, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 7,868 students and an admission rate of 19%. Long Island University-C W Post Campus has a bachelor's degree and a master's degree program in Finance.

Saint Thomas Aquinas College - Sparkill, NY

Saint Thomas Aquinas College, 125 Rte 340, Sparkill, NY 10976-1050. Saint Thomas Aquinas College is a small college located in Sparkill, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,099 students and an admission rate of 79%. Saint Thomas Aquinas College has a bachelor's degree and a master's degree program in Finance which graduated seven and zero students respectively in 2008.

Pace University-New York - New York, NY

Pace University-New York, 1 Pace Plaza, New York, NY 10038-1598. Pace University-New York is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,229 students and an admission rate of 78%. Pace University-New York has 2 areas of study related to Personal Financial Planner. They are:

  • Finance, bachelor's degree, master's degree, and post-master's certificate which graduated 213, 118, and zero students respectively in 2008.
  • Financial Planning and Services, master's degree and post-master's certificate.

Fordham University - Bronx, NY

Fordham University, 441 E Fordham Rd, Bronx, NY 10458. Fordham University is a large university located in Bronx, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,666 students and an admission rate of 47%. Fordham University has a bachelor's degree program in Finance which graduated twenty-six students in 2008.

Rutgers University-New Brunswick - New Brunswick, NJ

Rutgers University-New Brunswick, 83 Somerset St, New Brunswick, NJ 08901-1281. Rutgers University-New Brunswick is a large university located in New Brunswick, New Jersey. It is a public school with primarily 4-year or above programs. It has 36,041 students and an admission rate of 56%. Rutgers University-New Brunswick has a bachelor's degree program in Finance which graduated 136 students in 2008.

Adelphi University - Garden City, NY

Adelphi University, South Ave, Garden City, NY 11530-0701. Adelphi University is a medium sized university located in Garden City, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,177 students and an admission rate of 66%. Adelphi University has a bachelor's degree and a master's degree program in Finance which graduated one and two students respectively in 2008.

Fairleigh Dickinson University-Metropolitan Campus - Teaneck, NJ

Fairleigh Dickinson University-Metropolitan Campus, 1000 River Rd, Teaneck, NJ 07666. Fairleigh Dickinson University-Metropolitan Campus is a medium sized university located in Teaneck, New Jersey. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,693 students and an admission rate of 61%. Fairleigh Dickinson University-Metropolitan Campus has a master's degree program in Finance which graduated thirty-one students in 2008.

Rutgers University-Newark - Newark, NJ

Rutgers University-Newark, 249 University Avenue, Blumenthal Hall, Newark, NJ 07102. Rutgers University-Newark is a large university located in Newark, New Jersey. It is a public school with primarily 4-year or above programs. It has 11,032 students and an admission rate of 50%. Rutgers University-Newark has a bachelor's degree and a master's degree program in Finance which graduated 152 and eleven students respectively in 2008.

Hofstra University - Hempstead, NY

Hofstra University, 100 Hofstra University, Hempstead, NY 11549. Hofstra University is a large university located in Hempstead, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 12,253 students and an admission rate of 54%. Hofstra University has bachelor's degree, postbaccalaureate certificate, master's degree, and post-master's certificate programs in Finance which graduated four, one, two, and zero students respectively in 2008.

New Jersey City University - Jersey City, NJ

New Jersey City University, 2039 Kennedy Blvd, Jersey City, NJ 07305. New Jersey City University is a medium sized university located in Jersey City, New Jersey. It is a public school with primarily 4-year or above programs. It has 7,993 students and an admission rate of 32%. New Jersey City University has a master's degree program in Finance which graduated three students in 2008.

Long Island University-Rockland Campus - Orangeburg, NY

Long Island University-Rockland Campus, 70 Route 340, Orangeburg, NY 10962-2219. Long Island University-Rockland Campus is a small university located in Orangeburg, New York. It is a private not-for-profit school with primarily 4-year or above programs and has 414 students. Long Island University-Rockland Campus has a master's degree program in Finance.

New York Institute of Technology-Old Westbury - Old Westbury, NY

New York Institute of Technology-Old Westbury, Northern Blvd, Old Westbury, NY 11568-8000. New York Institute of Technology-Old Westbury is a medium sized school located in Old Westbury, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 5,297 students and an admission rate of 78%. New York Institute of Technology-Old Westbury has a bachelor's degree and a master's degree program in Finance which graduated seven and one students respectively in 2008.

Kean University - Union, NJ

Kean University, 1000 Morris Ave, Union, NJ 07083-0411. Kean University is a large university located in Union, New Jersey. It is a public school with primarily 4-year or above programs. It has 14,203 students and an admission rate of 67%. Kean University has a bachelor's degree program in Finance which graduated forty-eight students in 2008.

CUNY Bernard M Baruch College - New York, NY

CUNY Bernard M Baruch College, One Bernard Baruch Way (55 Lexington at 24th St), New York, NY 10010. CUNY Bernard M Baruch College is a large college located in New York, New York. It is a public school with primarily 4-year or above programs. It has 15,906 students and an admission rate of 26%. CUNY Bernard M Baruch College has a master's degree program in Finance which graduated 143 students in 2008.

Globe Institute of Technology - New York, NY

Globe Institute of Technology, 291 Broadway, New York, NY 10007. Globe Institute of Technology is a small school located in New York, New York. It is a private for-profit school with primarily 4-year or above programs and has 511 students. Globe Institute of Technology has a bachelor's degree program in Finance which graduated four students in 2008.

Long Island University-Brooklyn Campus - Brooklyn, NY

Long Island University-Brooklyn Campus, University Plaza, Brooklyn, NY 11201-5372. Long Island University-Brooklyn Campus is a medium sized university located in Brooklyn, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,459 students and an admission rate of 60%. Long Island University-Brooklyn Campus has associate's degree, bachelor's degree, and master's degree programs in Finance which graduated zero, sixteen, and zero students respectively in 2008.

Iona College - New Rochelle, NY

Iona College, 715 North Ave, New Rochelle, NY 10801-1890. Iona College is a small college located in New Rochelle, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 4,375 students and an admission rate of 59%. Iona College has bachelor's degree, master's degree, and post-master's certificate programs in Finance which graduated one, forty-six, and one students respectively in 2008.

Manhattan College - Bronx, NY

Manhattan College, Manhattan College Pky, Bronx, NY 10471-4098. Manhattan College is a small college located in Bronx, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,446 students and an admission rate of 51%. Manhattan College has a bachelor's degree program in Finance which graduated fifty-eight students in 2008.

Saint Peters College - Jersey City, NJ

Saint Peters College, 2641 Kennedy Blvd, Jersey City, NJ 07306-5997. Saint Peters College is a small college located in Jersey City, New Jersey. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,045 students and an admission rate of 61%. Saint Peters College has a master's degree program in Finance which graduated forty-seven students in 2008.

CUNY Queens College - Flushing, NY

CUNY Queens College, 65-30 Kissena Blvd, Flushing, NY 11367-0904. CUNY Queens College is a large college located in Flushing, New York. It is a public school with primarily 4-year or above programs. It has 19,504 students and an admission rate of 40%. CUNY Queens College has a bachelor's degree program in Finance which graduated three students in 2008.

Wagner College - Staten Island, NY

Wagner College, One Campus Rd, Staten Island, NY 10301-4495. Wagner College is a small college located in Staten Island, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,269 students and an admission rate of 61%. Wagner College has a master's degree program in Finance which graduated seventeen students in 2008.

SUNY College at Old Westbury - Old Westbury, NY

SUNY College at Old Westbury, 223 Store Hill Rd, Old Westbury, NY 11568-0210. SUNY College at Old Westbury is a small college located in Old Westbury, New York. It is a public school with primarily 4-year or above programs. It has 3,505 students and an admission rate of 45%. SUNY College at Old Westbury has a bachelor's degree program in Finance which graduated thirty-two students in 2008.

Seton Hall University - South Orange, NJ

Seton Hall University, 400 S Orange Ave, South Orange, NJ 07079-2697. Seton Hall University is a medium sized university located in South Orange, New Jersey. It is a private not-for-profit school with primarily 4-year or above programs. It has 9,592 students and an admission rate of 73%. Seton Hall University has a bachelor's degree program in Finance which graduated thirteen students in 2008.

St. John's University-New York - Queens, NY

St. John's University-New York, 8000 Utopia Pky, Queens, NY 11439. St. John's University-New York is a large university located in Queens, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 20,109 students and an admission rate of 56%. St. John's University-New York has bachelor's degree, master's degree, and post-master's certificate programs in Finance which graduated two, fifty, and zero students respectively in 2008.

New York Institute of Technology-Manhattan Campus - New York, NY

New York Institute of Technology-Manhattan Campus, 1855 Broadway, New York, NY 10023-7692. New York Institute of Technology-Manhattan Campus is a small school located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,633 students and an admission rate of 66%. New York Institute of Technology-Manhattan Campus has a bachelor's degree and a master's degree program in Finance which graduated fourteen and sixteen students respectively in 2008.

Long Island University-Westchester Campus - Purchase, NY

Long Island University-Westchester Campus, LIU/Westchester Campus, 735 Anderson Hill Road, Purchase, NY 10577-1400. Long Island University-Westchester Campus is a small university located in Purchase, New York. It is a private not-for-profit school with primarily 4-year or above programs and has 290 students. Long Island University-Westchester Campus has a master's degree program in Finance.

CUNY Graduate School and University Center - New York, NY

CUNY Graduate School and University Center, 365 Fifth Ave, New York, NY 10016-4309. CUNY Graduate School and University Center is a medium sized university located in New York, New York. It is a public school with primarily 4-year or above programs and has 5,827 students. CUNY Graduate School and University Center has a one to two year program in Finance which graduated three students in 2008.

New York University - New York, NY

New York University, 70 Washington Sq South, New York, NY 10012-1091. New York University is a large university located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 42,204 students and an admission rate of 32%. New York University has bachelor's degree, master's degree, post-master's certificate, and doctor's degree programs in Finance which graduated 339, zero, zero, and five students respectively in 2008.

Manhattanville College - Purchase, NY

Manhattanville College, 2900 Purchase St, Purchase, NY 10577. Manhattanville College is a small college located in Purchase, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 2,950 students and an admission rate of 52%. Manhattanville College has a bachelor's degree program in Finance.

Touro College - New York, NY

Touro College, 27-33 W 23rd St, New York, NY 10010. Touro College is a large college located in New York, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 14,247 students and an admission rate of 57%. Touro College has a bachelor's degree and a master's degree program in Finance which graduated twenty-eight and three students respectively in 2008.

Fairleigh Dickinson University-College at Florham - Madison, NJ

Fairleigh Dickinson University-College at Florham, 285 Madison Ave, Madison, NJ 07940. Fairleigh Dickinson University-College at Florham is a small university located in Madison, New Jersey. It is a private not-for-profit school with primarily 4-year or above programs. It has 3,465 students and an admission rate of 62%. Fairleigh Dickinson University-College at Florham has a master's degree program in Finance which graduated twenty-seven students in 2008.

Mercy College - Dobbs Ferry, NY

Mercy College, 555 Broadway, Dobbs Ferry, NY 10522. Mercy College is a medium sized college located in Dobbs Ferry, New York. It is a private not-for-profit school with primarily 4-year or above programs. It has 8,792 students and an admission rate of 35%. Mercy College has a master's degree program in Finance which graduated thirty-three students in 2008.

CERTIFICATIONS

Accredited Tax Advisor: This credential is for practitioners who handle sophisticated tax planning issues, including ownership of closely held businesses, qualified retirement plans and complex estates.

For more information, see the Accreditation Council for Accountancy and Taxation website.

Chartered Property Casualty Underwriter: More than 65,000 people have earned the CPCU professional designation.

For more information, see the American Institute for CPCU and Insurance Institute of America website.

Personal Financial Specialist: CPAs who specialize in personal financial planning can earn a specialist's designation, the Personal Financial Specialist (PFS).

For more information, see the American Institute of Certified Public Accountants website.

Certified Pension Consultant: The Certified Pension Consultant (CPC) credential is designed for benefits professionals working in plan administration, pension actuarial administration, insurance, and financial planning.

For more information, see the American Society of Pension Professionals and Actuaries website.

Qualified 401(k) Administrator: The Qualified 401(k) Administrator (QKA) credential is conferred by ASPPA to retirement plan professionals who work primarily with 401(k) plans.

For more information, see the American Society of Pension Professionals and Actuaries website.

Certified Financial Planner: The CFP certification process, administered by CFP Board, identifies to the public that those individuals in the U.

For more information, see the Certified Financial Planner Board of Standards, Inc. website.

Certified IRA Services Professional: Applicable to financial services professionals who have dedicated IRA operational and technical experience.

For more information, see the Institute of Certified Bankers website.

Certified Personal Banker: Applicable to financial services professionals who have completed the AIB Personal Banking Diploma and who function as personal bankers.

For more information, see the Institute of Certified Bankers website.

Certified Funds Specialist: The CFS 60-hour program provides the practitioner with everything needed to select the right fund for any given situation.

For more information, see the Institute of Certified Fund Specialists website.

Certified Annuity Specialist: The CAS program is a 60-hour self-study program.

For more information, see the Institute of Certified Fund Specialists website.

Board Certified Estate Planner: Board Certified in Estate Planning (BCE) is the only designation designed and offered to brokers, advisors, and planners who have clients interested in estate accumulation, preservation, and distribution.

For more information, see the Institute of Certified Fund Specialists website.

Registered Financial Associate: The Registered Financial Associate (RFA) is a designation granted only to recent graduates of an approved academic curriculum in financial services.

For more information, see the International Association of Registered Financial Consultants website.

Certified Investment Management Analyst: The CIMA offers an intense educational experience focusing on asset allocation, manager search and selection, investment policy and performance measurement.

For more information, see the Investment Management Consultants Association website.

Chartered Market Technician: The Chartered Market Technician (CMT) designation is the culmination of a certification process in which candidates are required to demonstrate proficiency in a broad range of technical analysis of the financial markets.

For more information, see the Market Technicians Association website.

Certified Retirement Specialist: If you are a professional with an interest in issues and opportunities in the 403(b) marketplace, advance your career by obtaining the Certified Retirement Specialist (CRS) designation.

For more information, see the NTSAA (National Tax Sheltered Accounts Association) Educational Institute website.

Economic Development Finance Professional: In NDC's EDFP Certification Program you will build the capacity to translate development opportunities into results for their communities.

For more information, see the The National Development Council website.

LICENSES

INVESTMENT ADVISOR REPRESENTATIVE

Licensing agency: Department of Law and Public Safety
Address: Division of Consumer Affairs, Bureau of Securities, PO Box 47029, Newark, NJ 07101

Phone: (973) 504-3600
Website: Department of Law and Public Safety Division of Consumer Affairs Bureau of Securities

LOCATION INFORMATION: Jersey City, New Jersey

Jersey City, New Jersey
Jersey City, New Jersey photo by Diliff

Jersey City is situated in Hudson County, New Jersey. It has a population of over 241,114, which has grown by 0.4% over the last ten years. The cost of living index in Jersey City, 132, is far greater than the national average. New single-family homes in Jersey City cost $222,700 on average, which is near the state average. In 2008, sixteen new homes were constructed in Jersey City, down from forty-one the previous year.

The three most popular industries for women in Jersey City are health care, finance and insurance, and educational services. For men, it is finance and insurance, professional, scientific, and technical services, and accommodation and food services. The average travel time to work is about 34 minutes. More than 27.5% of Jersey City residents have a bachelor's degree, which is lower than the state average. The percentage of residents with a graduate degree, 9.3%, is lower than the state average.

The unemployment rate in Jersey City is 11.8%, which is greater than New Jersey's average of 9.3%.

The percentage of Jersey City residents that are affiliated with a religious congregation, 62.1%, is more than both the national and state average. Abundant Joy Christian Center, First Presbyterian Church and Christ Our Savior Lutheran Church are some of the churches located in Jersey City. The most prominent religious groups are the Catholic Church, the Muslim Estimate and the American Baptist Churches in the USA.

Jersey City is home to the Claremont Terminal and the Pier H as well as Cortney Fricchione Park and Skinner Park. Shopping malls in the area include Newport Centre Mall Shopping Center, Stadium Plaza Shopping Center and Fourhundredforty Shopping Center.