If you were to ask a group of private wealth management associates about how they arrived at their current job, there's a good chance you would get several different answers about the paths and steps that each person took.
That said, there are still ways that you can develop a baseline understanding of the preparation that is necessary to become one.
The Best Adult Colleges and Careers Guide has gathered data to provide you with insight into the type of education that's commonly required for private wealth management associates to land a job. This page contains information, sourced from real job postings, that describes the experience levels and specific skills that employers of private wealth management associates expect candidates to have. In the end, this information will help you create an education or professional development plan that aligns with your career aspirations.
Keep reading to learn more about career steps for private wealth management associates.
What Education & Experience is Needed for Private Wealth Management Associates?
Do private wealth management associates need a degree? What kind of experience do private wealth management associates typically need? Thanks to data sourced from Lightcast™ from real job postings, we can get some clarity on those questions, as well as the level of education that is commonly required for private wealth management associates to secure jobs.
Education Level Required in Job Postings for Private Wealth Management Associates
Jobs Postings for Private Wealth Management Associates By Education
- Bachelor's degree: 43,444 (42%)
- No Education Listed: 29,842 (29%)
- High School or GED: 16,173 (16%)
- Master's degree: 8,331 (8%)
- Ph.D. or professional degree: 6,367 (6%)
A bachelor's degree is the level of education sought the most by employers of private wealth management associates. According to job data, a bachelor's degree was required for 42% of positions. In 29% of job listings no education level was listed and in 16% of postings a High School diploma or GED was required.
Experience Level Required in Job Postings for Private Wealth Management Associates
Jobs Postings for Private Wealth Management Associates By Experience
- 0-1 Years: 12,965 (25%)
- 2-3 Years: 23,370 (46%)
- 4-6 Years: 10,246 (20%)
- 7-9 Years: 2,341 (5%)
- 10+ Years: 2,316 (5%)
While the amount of required experience will vary based on the responsibility and seniority of the position, an aggregate view of job posting data can help paint a picture of the experience level sought for most job openings for private wealth management associates. In 46% of job postings for Private Wealth Management Associates, employers were looking for candidates with 2-3 years of experience. In 25% of listings employers were looking for candidates with 0-1 years of experience, while 4-6 years of experience was sought in 20% of job postings for private wealth management associates.
What Kind of Degree Do Private Wealth Management Associates Need?
Programs for Private Wealth Management Associates
Completions for Private Wealth Management Associates (2021)
Openings for Private Wealth Management Associates (2021)
7
Programs that can help train for careers related to private wealth management associates.
63,121
Completions in the U.S. for all programs.
30,947
Job openings for private wealth management associates in the U.S.
So far this page has provided detail into the level of education and the amount of experience required in job openings for private wealth management associates, but what type of education or degree will help prepare you for a career in the field?
According to occupational data obtained through Lightcast,™ there are 7 key academic programs that can help prepare prospective private wealth management associates, and in 2021 a total of 63,121 of those programs were completed at institutions in the United States.
Check out the information below to learn more about the specific programs that should be considered by prospective private wealth management associates.
Top Degree Programs for Private Wealth Management Associates
Top 5 Degree Programs for Private Wealth Management Associates (2021)
| Program | Completions |
|---|---|
| Finance, General. | 51,430 |
| Financial Planning and Services. | 4,087 |
| Accounting and Finance. | 3,644 |
| Insurance. | 1,809 |
| Banking and Financial Support Services. | 991 |
All Degree Programs for Private Wealth Management Associates (2021)
| Program | Completions |
|---|---|
| Finance, General. | 51,430 |
| Financial Planning and Services. | 4,087 |
| Accounting and Finance. | 3,644 |
| Insurance. | 1,809 |
| Banking and Financial Support Services. | 991 |
| Accounting and Related Services, Other. | 814 |
| Investments and Securities. | 346 |
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Degree Options for Private Wealth Management Associates
A.S. Accounting
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Develop the foundational financial skills needed to keep business running successfully, including financial reporting and analysis, managerial accounting, and federal taxes, so you can start your career as an accounting technician, tax preparer, payroll assistant and more.
- Class Type: 100% online
- Cost Per Credit: $398
B.S. Accounting
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Enter into or advance within the rapidly growing accounting industry and prepare for professional certifications like the CPA.
- Class Type: 100% online
- Cost Per Credit: $398
- Accreditation: IACBE
What Skills Do Private Wealth Management Associates Need?
Education and experience have been covered, so what are the specific skills and traits needed by private wealth management associates to secure a job?
A good way to understand this is to examine actual job postings for skills commonly sought by employers. Continue reading for a breakdown of specialized skills found in job postings for private wealth management associates, as well as common skills that can help you thrive in the workplace.
In-Demand Skills for Today's Private Wealth Management Associates
Based on 89,729 job postings
Top 5 Specialized Skills for Private Wealth Management Associates
| Skills | Postings | % of Total Postings |
|---|---|---|
| Financial Services | 34,066 | 38% |
| Investments | 29,057 | 32% |
| Finance | 17,967 | 20% |
| Financial Planning | 17,182 | 19% |
| Marketing | 15,154 | 17% |
Top 5 Common Skills for Private Wealth Management Associates
| Skills | Postings | % of Total Postings |
|---|---|---|
| Communications | 35,804 | 40% |
| Sales | 29,803 | 33% |
| Customer Service | 26,021 | 29% |
| Management | 18,935 | 21% |
| Planning | 18,187 | 20% |
Based on 89,729 job postings related to private wealth management associates, financial services was the top specialized skill sought by employers, with 38% of all postings looking for that skillset. Skills for investments, finance, financial planning, marketing and accounting were also highly sought.
As for common skills, communications was the most desired skill found in job postings for private wealth management associates, followed by sales, customer service, management, planning and leadership.
All Specialized Skills Sought By Employers of Private Wealth Management Associates
| Skill | Postings | % of Total Postings |
|---|---|---|
| Financial Services | 34,066 | 38% |
| Investments | 29,057 | 32% |
| Finance | 17,967 | 20% |
| Financial Planning | 17,182 | 19% |
| Marketing | 15,154 | 17% |
| Accounting | 14,598 | 16% |
| Sales Prospecting | 14,491 | 16% |
| Wealth Management | 11,683 | 13% |
| Financial Industry Regulatory Authorities | 10,950 | 12% |
| Customer Relationship Management | 10,891 | 12% |
| Auditing | 9,538 | 11% |
| Securities (Finance) | 9,450 | 11% |
| Due Diligence | 8,520 | 9% |
| Business Development | 7,661 | 9% |
| Financial Market | 7,011 | 8% |
| Billing | 6,174 | 7% |
| Loans | 5,952 | 7% |
| Financial Analysis | 5,032 | 6% |
| Banking | 4,485 | 5% |
| Customer Acquisition Management | 4,368 | 5% |
All Common Skills Sought By Employers of Private Wealth Management Associates
| Skill | Postings | % of Total Postings |
|---|---|---|
| Communications | 35,804 | 40% |
| Sales | 29,803 | 33% |
| Customer Service | 26,021 | 29% |
| Management | 18,935 | 21% |
| Planning | 18,187 | 20% |
| Leadership | 17,490 | 19% |
| Presentations | 15,217 | 17% |
| Coaching | 14,660 | 16% |
| Self-Motivation | 12,729 | 14% |
| Multitasking | 12,172 | 14% |
| Detail Oriented | 12,119 | 14% |
| Computer Literacy | 11,323 | 13% |
| Interpersonal Communications | 11,080 | 12% |
| Problem Solving | 10,841 | 12% |
| Writing | 10,365 | 12% |
| Research | 9,774 | 11% |
| Microsoft Excel | 9,407 | 10% |
| Teamwork | 8,503 | 9% |
| Mentorship | 8,302 | 9% |
| Operations | 7,867 | 9% |
Additional Links
Ready to dig deeper into career information about private wealth management associates? Visit our other pages focused on salary and education for private wealth management associates.
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