Outlook for Financial Planner Careers Looks Promising for Berkeley College Graduates

 
FOR IMMEDIATE RELEASE
THURSDAY, JUNE 14, 2018
Contact: Ilene Greenfield
Director of Media Relations
973-278-5400, Ext. 1-5122
IGL@BerkeleyCollege.edu
 

Opportunity and Career Growth in Financial Services

 

OUTLOOK FOR FINANCIAL PLANNER CAREERS LOOKS PROMISING FOR BERKELEY COLLEGE GRADUATES

 

Berkeley College

See caption below.
 

Today, promising careers abound for qualified financial planners because demand exceeds supply. Selecting a college that prepares a graduate for career success through a relevant curriculum is paramount. According to the U.S. Bureau of Labor Statistics, growth for professionals as a financial advisor is estimated at 15 percent through 2026.

Avi Harkishun of South Richmond Hill in Queens, NY, recently graduated from Berkeley College with a Bachelor of Business Administration – Financial Services. He works as an Investment Advisor Representative at Primerica, Inc., a distributer of financial services to families in North America.

“I help clients attain their financial goals and independence using various financial concepts and product solutions that educate them on how money works,” Mr. Harkishun said.

At age 29, Mr. Harkishun has established a strong foundation that has set him on a path for success in his chosen field. In 2016, he graduated from Berkeley College with an Associate in Applied Science in Financial Services. During his undergraduate career, he interned at the YWCA of the City of New York, working as an Assistant Budget Analyst, at Northwestern Mutual as a Financial Associate, and at Cormorant Capital as a Private Equity intern for commercial real estate investments. Mr. Harkishun continues to learn by seeking additional credentials and licenses in his field.

“The biggest reason for the shortage of planners and analysts in the field is that many of those currently active are planning retirement in the next decade,” Joanne Snider, DBA, CFP, ChFC, CLU, Assistant Chair, Accounting and Finance, Berkeley College Larry L. Luing® School of Business.

Dr. Snider, who earned a Bachelor of Arts in Math at the University of Michigan, a Master of Business Administration in International Business at Long Island University, and a Doctor of Business Administration – Finance from Walden University, also has certifications as a financial planner, a chartered financial consultant, and a chartered life underwriter. An advocate in her field, she fostered a scholarship program for students in Financial Services to become members of the Financial Planning Association in New York, has authored articles, presented at conferences, and served as a financial consultant to firms in Michigan and New York.

“The opportunity for successful careers in the financial services field is vast,” Dr. Snider said. “At Berkeley we have a program that puts our students ahead of the curve. It is intensive and distinct in that we offer an undergraduate degree that includes the courses required by the Certified Financial Planner Board of Standards, Inc. in Washington, D.C. Berkeley also offers courses necessary for a corporate financial analyst. Students can specialize in personal financial planning, corporate finance, or both.”

Combining the prospects of increasing retirees in the field and low unemployment rates, companies are already seeking to hire qualified candidates. A recent article published by LPL Financial of New York City described the trends of generational and regulatory shifts, greater investor trust, increasingly complex client needs, and increasing knowledge due to technology, all as contributing factors. The article, “4 Reasons the Demand for Advice is Booming,” summarized the situation this way – “the effect is an investing public seeking more advice during transitional periods, trusting advisors at increasing levels, and craving human guidance.”

“At first I chose this field because people in financial service careers are respected and I wanted to have that feeling,” Mr. Harkishun said. “Then I noticed how much I enjoyed it because I get to help people. Putting a financial plan together with a person to help her or him achieve their goals and independence has a lot to do with alleviating the person’s stress. The feeling of making such an impact in someone’s life made me feel good about myself and gave me a sense of purpose. It is also a lucrative field so the financial incentive is there as well.”

For more details about median salary and other characteristics of professional financial advisors click here. To read a recent Q and A with Mr. Harkishun click here.

Photo Caption: Recent Berkeley College graduate, Avi Harkishun of South Richmond Hill, Queens, NY (left), joins Joanne Snider, DBA, CFP, ChFC, CLU, Assistant Chair, Accounting and Finance, Berkeley College Larry L. Luing School of Business®, in a financial counseling session with two individuals from Berkeley College Career Services: Marc Thompson, Business Developer, and Milagros Cornejo, Career Counselor.

A leader in providing career-focused education since 1931, Berkeley College is accredited by the Middle States Commission on Higher Education and enrolls more than 7,100 students – including more than 440 international students – in its Master’s, Bachelor’s, and Associate’s degree and Certificate programs. Students can study in more than 20 career fields. Berkeley College is comprised of the Larry L. Luing School of Business®, the School of Professional Studies, the School of Health Studies and the School of Liberal Arts. The School of Graduate Studies offers an MBA in Management online and in Woodland Park, NJ.

 

Berkeley College has three New York campuses – Midtown Manhattan, Brooklyn and White Plains. In New Jersey there are four campuses – Newark, Paramus, Woodbridge and Woodland Park. Berkeley College Online® serves a global population. For five consecutive years, U.S. News & World Report has named Berkeley College among the Best Colleges for Online Bachelor’s Programs and among the Best Online Bachelor’s Programs for Veterans. The website address is www.BerkeleyCollege.edu.

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