I want to become a paraplanner-career change-seek advice

Discussion in 'Financial Planning' started by rowena, Jun 17, 2004.

  1. rowena

    rowena Guest

    I've been working for three banks for three years as Retail Clerk and Trade
    Finance Officer and feel it very boring working like a machine following all
    the strict procedures not using my brain. I have a Master degree of Commerce
    in Business Information Systems and Finance and a Bachelor degree of
    Economics in International Finance. So I believe I have a good academic
    background and potential in figures and analysis. I want to develop a career
    in a more analytical or mathematical or research area. I did a bit research
    for a few months and found out that a Paraplanner might be what I want to
    be. As I don't have any experience in this industry I would like to seek
    some advice. I have the following questions to ask and would appreciate it
    very much if someone can help:

    1. Are there any more advanced analytical or mathematical or research
    positions that I might suit? I learned that Financial Planner might be a
    higher position and might earn more money but I don't want a too
    customer-focused position as I prefer a quiet job, I mean, not too much
    talking involved.

    2. What exactly do I need before I can become a paraplanner? I learned that
    I need a DFP and need to be PS146 compliant and of course, some experience.
    But what experience is enough to get to be a paraplanner?

    3. What is a good entry into this industry? I have developed a bit far in my
    banking career and my current salary is obviously more than entry level. I
    would consider an entry level position in this industry if the salary is
    reasonably lower than my current salary. What kind of positions can I
    choose? Financial Planning Assistant/Admin? Superannuation Admin? Funds
    Admin? or Life Insurance Admin?

    Thanks very much for any advice.
     
    rowena, Jun 17, 2004
    #1
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