Working as a financial adviser can be extremely rewarding. You’re enabling your clients to live their lives free from worry about whether or not their money is working for them. And, while there are plenty of great employment opportunities waiting for you in the UK, life as a financial advisor gives you a lot of scope for adventure. Australia, the UAE, and Italy are among the best countries for financial adviser jobs, so don’t go feeling like you’ll need to be landlocked in rainy London from the moment you graduate.

Before you get to that point, however, let’s consider the best subjects to read at university for those aiming to be a financial adviser.

Economics

Economics is perhaps the most clear answer to our question, as it makes a lot of sense. An economics degree will focus on both the larger movements of the financial world, as well as the smaller minutiae of country- and region-specific policies.

This understanding of economics, and how the financial world shifts with time, will enable you a level of insight into how you expect your prospective clients’ assets to change in value.

Studying economics can give you great insight into defensive financial management. If you can forecast certain assets decreasing in value, then you’ll know the right time to sell in order to preserve wealth.

Business, with a finance focus

A business degree can be valuable as an all-around tool for a prospective financial adviser. The main reason for this is that while a business degree gives you a general understanding of economics and banking, it also gives you knowledge of how and why stocks and shares can change in value.

A business degree, with a financial focus, would be a great idea for a prospective adviser that’s looking to work with asset-rich clients. Your understanding of their wealth would be more profound, as you would have a more data-focused understanding of precisely what each asset breaks down into.

The major benefit that a business graduate would have is their ability to break things down and quantitatively analyse the information that they’re given. This data-driven approach to work will be a boon for any financial adviser.

Communications

This may seem like a surprising choice in university course, but when you understand the role that a financial adviser plays, it makes more sense.

Largely, a financial adviser is there to ensure that their client’s portfolio grows with time. However, they are also there to ensure that their client’s attitude toward their money remains calm and collected.

People often have feelings of fear or anger around their money, so a background education in communications can allow you to assure clients that their money is in safe hands. Furthermore, communication skills will allow you to simplify and explain complex financial concepts, which can make your client feel more in control of their funds

Something reassuring about the journey toward being a financial adviser is that there is no required university degree to be licensed. With this said, though, there are certain degrees that would benefit your work. Bear in mind that a dedicated, skilled, and tenacious adviser will be able to make their degree, whatever it might be, work well for them and their clients.

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