Danielle Donello, financial consultant for Merrill Lynch, advises people on the most effective ways to reach their financial goals. To do so, a financial planner must follow an intricate process. "The three things I take into consideration are risk tolerance, investment experience guidelines, and the client's long- and short-term objectives," says Donello.
First, however, she must learn about her client. "I find out where they work, what kind of financial situation they have, and what their goals are," she explains. Once Donello has assessed her client's financial situation, she then devises a plan, which she uses to further assist her clients on the road to their financial goals.
What You Need To Know
Donello discovered one day as an eighth grader that she wanted to become a financial consultant. Because she was so focused, she entered college as a finance major and, after receiving her bachelor's degree, worked toward a certificate in financial planning. She is currently enrolled in an MBA program.
"The education never stops," she says of the learning opportunities available in her field. For those who want to pursue a career in financial planning, Donello advises considering finance, marketing, and management as possible college majors. Also, she stresses the importance of participating in an internship. "My internship is how I got started," says Donello. "I was an intern my last year of high school and continued all throughout college."
Donello emphasizes that in addition to strong math skills, you also need to have a creative side and a lot of persistence in order to make it as a financial planner.
How Much You'll Make
Starting salaries for financial consultants can vary from firm to firm, but the possibilities are endless if you are committed to your clients. As for future job prospects, Donello feels there will be no problem finding jobs in this field. "This market will always be around," she says.
How You'll Feel
While there are many aspects about her job that she loves, Donello finds the most rewarding part to be the difference she makes in the lives of others. "When you get a letter from someone saying how you helped them afford their child's education, that's really gratifying," she explains.
A Final Thought
For those wanting to follow in her footsteps: "This has been the best experience in my life so far. With this career, the world is pretty much yours. Give it a try and see what comes of it."
About the author:
http://www.CollegeSurfing.com/content
Diane Anselmo is a frequent contributor to The CollegeBound Network. Learn more about finding a school that's right for you.
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