What are you looking for

£24,000 Starter

Average salary (a year)

£45,000 Experienced

Average salary (a year)

35 to 38 a week

Typical hours (a week)

How to become

Explore the different ways to get into this job

You can get into this job through:

  • a college course
  • an apprenticeship
  • working towards this role

College

You could do a college course which would teach you some of the skills and knowledge you need to be a paraplanner.

Relevant subjects include:

  • Level 3 Certificate In Regulated Financial Services Operations
  • T Level in Finance
  • Level 4 Diploma in Financial Planning

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, for a level 3 course
  • 1 or 2 A levels, a level 3 diploma or relevant experience for a level 4 or level 5 course
  • 4 or 5 GCSEs at grades 9 to 4 (A* to C), or equivalent, including English and maths for a T Level

Apprenticeship

You could do a Paraplanner and Financial Planner Level 4 Higher Apprenticeship.

This will take around 2 years to complete and will include a mix of learning on the job and studying at college.

Entry requirements

You'll usually need:

  • 4 or 5 GCSEs at grades 9 to 4 (A* to C) and A levels, or equivalent, for a higher or degree apprenticeship

Work

You could join a company as a trainee and learn on the job.

Your employer might want you to do qualification while you train, such as the CISI level 4 Certificate in Paraplanning.

What it takes

Find out what skills you will use in this role

Skills and knowledge

You'll need:

  • customer service skills
  • knowledge of economics and accounting
  • maths knowledge
  • to be thorough and pay attention to detail
  • sensitivity and understanding
  • persistence and determination
  • analytical thinking skills
  • excellent verbal communication skills
  • to be able to use a computer and the main software packages competently

What you will do

Discover the day to day takes you'll do in this role

Day-to-day tasks

As a paraplanner, you'll:

  • prepare and write finance reports
  • research financial funds and products
  • provide admin support to financial advisers
  • put together cash flow analysis
  • keep client records up to date

Working environment

You could work at a client's business, in an office or remotely.

Career path and profession

Look at progression in this role and similar opportunities

You could:

  • specialise in an area of finance like technology or pensions
  • train to become a financial adviser
  • become self employed, working as a freelance paraplanner

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