As a financial advisor, you support clients in analyzing their financial situation and helping them make informed decisions. You create individual financial plans, advise on investments and savings strategies, and inform about various financial products. You are also often responsible for monitoring progress and regularly adjusting plans.
In Germany, the average salary for financial advisors is 62,188 euros per year. The starting salary typically varies between 34,748 euros and 60,000 euros per year. Experienced financial advisors can earn up to 89,541 euros, while in higher positions or with special advice, the salary can increase by more than 100,000 euros per year. Many financial advisors also work on a commission basis, which can significantly increase their income, especially with great success.
A career as a financial advisor usually requires training in finance or business administration, and many financial advisors have also studied in these fields or have undergone special training for financial products.
Financial advisors have a wide range of career opportunities, whether they work in banks, financial institutions or as independent consultants, and with experience and other qualifications, they can also offer positions in management or specialised areas such as wealth management or corporate finance.
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