Is Financial Advising easier to break into and get started in than Management Consulting?
I've been going crazy trying to figure out what I want to do after college, UMass Amherst majoring in Finance. Hoping you guys to provide input.
I was/am interested in Management Consulting but since I am not at a target school (except Bain) and my resume isn't that great I think my odds are slim breaking into that industry. Plus the extensive traveling seems really stressful.
My academic adviser recommended I look into becoming a Financial Adviser and work my way up rank and build my book since I am currently an insurance agent and going into financial advising is basically sales. She told me the Advisers that she knows all make a really good living $200k+. I am assuming those are the minority and they have been working a very long time.
I'm looking at the averages online and it seems Financial Advisers make an average of 60k to 80k per year. Is that right? Reason I am concerned is because in about 3-4 years I will be financially responsible for my parents as well along with my own family which would cause money to be a little tight.
But besides compensation, is it "easier" to break into and get started in this field as opposed to Management Consulting?
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