Understanding Business
Understanding Business
12th Edition
ISBN: 9781259929434
Author: William Nickels
Publisher: McGraw-Hill Education
Question
Book Icon
Chapter 19, Problem 1CE
Summary Introduction

To determine: The task performed, skills needed, pay and opportunity outlook of the career.

Introduction: Personal financial advisor is an employee whose responsibility is to provide financial advice regarding the investment, saving, and other activities in an organization.

Expert Solution & Answer
Check Mark

Answer to Problem 1CE

Personal financial advisor is responsible for the finance related activities. Some of the skills required are business, interpersonal and analytical abilities, and good communicational skills. The hourly wage rate in this career is $43.58 and annually it is $90,640. The opportunity outlook for the career is that projected to grow 15% from 2016 to 2026.

Explanation of Solution

Personal financial advisor job is to provide advice over the financial activities that include the budgets, investment plans, tax strategies and savings. The skill set which a personal financial advisor requires is mentioned below:

  • Business skills.
  • Good critical thinking skills.
  • Analytical skills.
  • Decision making skills.
  • Math skills.
  • Communicates well with others.

The wage rate of an officer working in this career is:

  • Hourly wage rate- $43.58.
  • Annual wage rate- $90,640.

The opportunity outlook for the career is that it has chances to grow by 15% from year 2016 to 2026, much faster than the average of all occupations.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
Do not copy from another same ques answer, I need different one. Give image, table, graph with source, this full ques within 2500word TASK DESCRIPTION Successful brand extensions allow companies to diversify their offerings and increase their market share. Brand extension will provide any company a competitive advantage over its rivals that do not offer similar products. You are expected to select a live/real organisation which is suitable to the task and launch a new product/service. Please discuss with your lecturer your choice before proceeding. For your Portfolio you need to complete the following tasks: 1. 2. Develop a new brand extension for the organisation you have selected for one of their product/service. Determine segmentation, targeting and positioning for the new brand extension. 3. Develop a detailed customer personal profile for the new brand extension, including demographic and psychographic information. 4. Develop the marketing mix strategies for the new brand…
16 Men vary in build, facial expression, gestures, in hair texture and colour, and in temperament. B In the same way that one’s fingerprints are individually one’s own, so the combination of other factors creates a person different from allother people. C The distribution of intelligence varies, from mentally defective to genius.D Aptitude in many fields give another area of difference Select one: A. Men vary in build, facial expression, gestures, in hair texture and colour, and in temperament. B. In the same way that one’s fingerprints are individually one’s own, so the combination of other factors creates a person different from all other people. C. The distribution of intelligence varies, from mentally defective to genius. D. Aptitude in many fields give another area of difference A When the time comes for graduation, many youngsters decide to stay at school after all. B The world of business and industry progresses at break-neck speed, and always the cry goes up for more…
Each sentence below has a blank space which shows that something has been omitted. Under each sentence four choices of words/phrases are given. Choose the word or phrase you consider would be used correctly in the space. 16 Men vary in build, facial expression, gestures, in hair texture and colour, and in temperament. B In the same way that one’s fingerprints are individually one’s own, so the combination of other factors creates a person different from allother people. C The distribution of intelligence varies, from mentally defective to genius.D Aptitude in many fields give another area of difference Select one: A. Men vary in build, facial expression, gestures, in hair texture and colour, and in temperament. B. In the same way that one’s fingerprints are individually one’s own, so the combination of other factors creates a person different from all other people. C. The distribution of intelligence varies, from mentally defective to genius. D. Aptitude in many fields give another…
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning