Careers in the financial services industry seem to be especially vulnerable to economic trouble. Highflying stockbrokers and analysts suddenly found themselves out of jobs in 1997 and history seems to be repeating itself.
Out of nowhere, their $100,000 sign-on bonuses gave way to depressing talks about who was getting fired and who was down on debt. Those working in the sector are in the same ship specifically in the United States.
Some workers in the financial sector are finding a way to avoid this vulnerability. A lot are going into independent financial planning services, setting up their own companies, and using their skills to create a high demand career for themselves.
It’s “high demand” because when the economy is broke, more people need guidance with their financial management. Issues that before were put aside when the market was skyrocketing get to be more pressing when stocks drop.
Financial planners are not merely concerned with selling a financial service. It is their duty to make sure their client is in the pink of financial health. Learning how to provide financial planning services then improves one’s relationship to his clients.
It’s sort of a recession-free career in a perspective. Although there’s still a lot to be done about how to educate people that its necessary to spend for financial advice.
You go to a surgeon to fix your bones. You pay a mechanic to check your car. But you don’t want to pay a fee to get financial plan?
Nice article. A very good read.
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