How Much are Financial Planners Expected to Earn?

Due to the expectations of the increased need for financial planners within the next ten years, it is difficult to predict with a great deal of precision how much money people working in financial planning careers will pull in. On the one hand, one could expect that increased need will drive the price for personal finance consulting to rise by a considerable margin. On the other hand, there will probably be more business professionals interested in receiving certification in financial planning, as a result of this anticipated occurrence.

Regardless, the field will still be competitive and require the same degree of education and experience in order to succeed. Currently, the Occupational Outlook Handbook, derived by the Bureau of Labor Statistics, reports financial analysts as making an average of $73,150 in 2008, with the top 10% making over $141,070, and the bottom 10% pulling in under $43,440.

However, it should be noted that this figure is a combined estimate, with financial planners being thrown in with analysts for corporations and small businesses. Other sources report that financial planners make slightly less than that figure, in general. It is also noteworthy that financial analysts, as an aggregate, is a profession that is expected to see one of the highest growth rate, its estimated change being set at 20%.