Is Financial Planning the Way to Go for Finance Professionals?

May 5th, 2016

Brandon Young
By Brandon Young, Toronto Financial Services & Insurance Recruiter

Making the right career move at the right time is difficult. Each career decision you make will have an impact on your future success, especially in industries that are directly tied to the economy. Making the right career move now could set you up for years to come, however, choosing the wrong path, or overlooking professional certification and education opportunities now could also limit you going forward.

“The Canadian economy has experienced some turbulence over the past few months. With the loonie down significantly compared to only a few years ago, with oil prices near historic lows, and with many companies seeking to take a lean approach to business operations, job security is not what it once was,” says Paul Speziale, Toronto Accounting & Finance Recruiter in Is Your Finance Job at Risk? Signs You May Be on the Chopping Block.

This is particularly the case for the financial industry. Choosing the right area of specialization is an important factor for career longevity. Becoming a Certified Financial Planner is proving to be a valuable career move for accounting and finance professionals.

Why You Should Consider a Career as a Financial Planner

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The Financial Planning Standards Council recently conducted their annual review of the financial planning profession, and the results of their findings will have many finance professionals giving more thought to choosing financial planning as a career specialization.

Here are some very convincing stats about the merits of a career as a financial planner:

  • 65% of financial planners make more than $100,000 annually
  • Over the next year, 15.3% of firms plan to increase the number of CFP professionals they employ
  • Over the next 3 years, 100% of firms plan to grow the number of CFP professionals
  • Canadian CFP professionals report achieving a higher rate of career advancement than those who do not have CFP designation
  • Canadian CFPs report a longer term of employment vs those who do not have CFP designation

 

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The review also outlined the industries offering the best opportunities. They are:

  • Banks
  • Securities
  • Mutual Funds
  • Insurance
  • Credit Unions
  • Law Firms
  • Accounting Firms
  • Entrepreneurial Businesses

 

If you are looking to take the next step in your finance career, take a look at our current job openings and consider contacting our Financial Services & Insurance Recruitment Specialists to assist you with your search.

For more tips and insights from our Toronto and Vancouver recruiters, check out our Hello Headhunter blog and read:

5 Headhunter Approved Tips to Become a Rockstar Finance Job Candidate

 An Overview of the Top Jobs in Accounting & Finance in 2016

 

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IQ PARTNERS is an Executive Search & Recruitment firm with offices in Toronto and Vancouver. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Financial Services & Insurance, Marketing Communications & Media, Emerging Tech & Telecom, Consumer Goods & Retail, B2B & Industrial, Technology, Accounting & Finance, HR & Operations and Mining & Engineering. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.

Brandon Young

Brandon is Senior Director, Client Services with IQ PARTNERS, focusing on recruiting top talent within the Financial Services and Insurance, Startups, and Emerging Technology industries.