How To Become A Financial Advisor Without A Degree (2023): 8 Steps

how easy is it to Be a financial advisor

How To Become A Financial Advisor Without A Degree: In today’s competitive job market, having a degree is often seen as a prerequisite for many careers. However, that is not always the case, especially in the field of financial advising. While a degree in finance or a related field can certainly provide a solid foundation, it is not the only path to becoming a successful financial advisor.

It probably might un-believable, but Yes it is possible to become a successful financial advisor without with a degree from any formal education.

In this article, we will explore the various steps and strategies you can take to become a financial advisor without a degree. By following these guidelines and continuously learning and growing, you can build a rewarding career in financial advisory……

Must Read: What Does A Financial Advisor Do On A Daily Basis? Answered

8 Steps On How To Become A Financial Advisor Without A Degree

1. Gain Knowledge and Expertise: While a degree may not be required, it is essential to have a strong understanding of financial concepts and principles.

how to become a financial advisor without a degree
how to become a financial advisor without a degree

Financial advisors also known as financial expert provides investment strategies, retirement planning, tax reduction, and general finance service to their clients.

In order to achieve this, they must be highly analytical, knowledgeable about financial goods and markets, and able to create and sustain connections with clients.

To gain knowledge in finance advisory with a degree, you can start by reading books, taking online courses, and attending seminars or workshops that focus on finance and investment strategies.

This will help you build a solid knowledge base and stay updated with the latest trends in the industry.

Online platforms like Coursera, Corporate finance institute (CFI) and Udemy offer a plethora of finance courses, some of which are even free while their advance finance paid plans are quite affordable.

See Also: Duties Of A Financial Advisor In Insurance Companies

2. Obtain Relevant Certifications Other Than A Degree: To enhance your credibility and demonstrate your expertise, consider obtaining relevant certifications in the field of financial advising.

Certifications such as the Certified Financial Planner (CFP), Chartered Financial Analyst (CFA), or Chartered Investment Counselor (CIC) can greatly boost your chances of success.

These certifications require passing rigorous exams and meeting specific experience requirements, which will showcase your commitment and dedication to the profession.

3. Gain Practical Experience: While a degree may provide practical experience through internships or academic programs, you can still gain valuable experience in the field of financial advising without a degree.

how do I learn to be a financial advisor
how do I learn to be a financial advisor

Consider starting as a financial assistant or working in a related role at a financial institution or advisory firm.

This will allow you to learn from experienced professionals and gain hands-on experience in client management, investment analysis, and financial planning.

See Also: Disadvantages Of Being A Financial Advisor

4. Network, Build Relationships, And Leverage On Finance Industry Resources: Networking is crucial in any industry, and financial advising is no exception.

In order to build a network, you should Attend industry conferences, join professional associations, and leverage social media platforms to connect with professionals in the field.

Building relationships with experienced financial advisors can provide valuable mentorship opportunities and open doors to potential clients or job opportunities.

Engage in online communities and forums dedicated to financial advising to share insights and learn from experienced advisors.

5. Seek Mentorship and Guidance: One of the easiest ways to become what you wish to become is by having a mentor who is already living your wish. The same is applicable to becoming a financial advisor.

Your development as a financial advisor can be greatly accelerated by having a mentor and by asking experienced professionals for advice.

Make contact with seasoned consultants who are willing to impart their experience and wisdom. They can offer direction, assistance, and helpful recommendations particular to the industry.

Think about participating in mentoring programs or asking people in your network who are professionals for mentorship possibilities.

See Also: Benefits And Advantages Of Being A Financial Advisor

6. Develop And Build A Personal Brand: In modern digital era, having a strong personal brand is essential for success.

Create a professional website or blog where you can showcase your knowledge and expertise in financial advising. Utilize social media platforms to share valuable insights and engage with your target audience.

Building a strong personal brand will help you stand out from the competition and attract potential clients.

By frequently posting informative articles, taking part in industry debates, and interacting with your audience, you may establish yourself as a reliable resource.

7. Continuously Educate Yourself: The field of finance is ever-evolving, and it is crucial to stay updated with the latest trends and developments.

Attend industry conferences, participate in webinars, and read industry publications to stay informed about changes in regulations, investment strategies, and market trends.

what is the best qualification for a financial advisor
what is the best qualification for a financial advisor

Continuous education will not only enhance your knowledge but also demonstrate your commitment to providing the best possible advice to your clients.

See Also: Reasons Why I Love Being A Financial Advisor

8. Obtain Required Licenses and Registrations: To legally and officially operate as a financial advisor in any country, you must comply with regulatory requirements and obtain the necessary licenses and registrations.

license to become a financial advisor
license to become a financial advisor

Research the licensing requirements specific to your country or region.

For Instance, The Financial Conduct Authority (FCA) in the United Kingdom (UK) is the regulatory organization in charge of policing financial advisors.

You will need to gain the necessary regulatory approvals and credentials in order to work as a financial advisor in the UK.

Depending on the kind of advice you intend to give, there may be different qualifications needed.

The Level 4 Diploma in Financial Planning, given by either the Chartered Insurance Institute (CII) or the Institute of Financial Services (IFS), is the most widely accepted certification for financial advisers.

See Also: Top 10 Financial Advisors For Athletes

Additionally, the laws governing financial advisors in Canada differ by province or territory because each one is responsible for overseeing its own financial services.

In Canada, it is customary for financial advisors to register with their particular province or territorial securities regulatory body.

In the United state, you also need licenses which include the Series 7 (General Securities Representative) and Series 65 (Uniform Investment Adviser Law Examination).

In which ever country you intend to practice financial advisory, make sure you are in compliance with all requirements by familiarizing yourself with the rules.

See Also: Financial Advisor Strengths And Weaknesses


While a degree in finance or a related field can provide a solid foundation, it is not the only path to becoming a successful financial advisor.

By gaining knowledge and expertise, obtaining relevant certifications, gaining practical experience, networking, building your personal brand, and continuously educating yourself, you can become a financial advisor without a degree.

With determination, hard work, and a passion for helping others achieve their financial goals, you can thrive in this rewarding profession.

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