Quote:
Originally Posted by onewhippedpuppy
One other big issue that I have with the profession is the very low barrier to entry. Like being a realtor or selling insurance, it's a high-turnover business where becoming a "financial advisor" requires training catered to the lowest common denominator that yields a nice little certificate and a small office in the local mutual fund company.
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This is why I went into software development.
With a finance degree, I could have gone retail finance (financial advisor/broker/etc.) or "financial analyst" (the talking heads on TV, more or less). There are lots of exams and certifications for both, but there is also very high turnover. I know a lot of firms, in good times (stock market wise), have turnover rates that approach 90% of the previous year's hires. They are basically firing everyone who is not an absolute top performer. It's a very competitive, high stress environment. It wasn't for me.