My 2 cents.

- Pay in financial planning isn't competitive with adjacent professions unless you have your own client book (see: ageism, high expenses, lack of support and structure).
- Accounting majors and econ majors have better initial prospects in the job market, greater technical abilities and more career flexibility at all stages. i.e. the type of work and overseas/internationally
- Most graduates do not want to be pigeonholed in financial planning when there are other opportunities in finance.
- Only a few firms are offering clear structure and progression to young advisers and anecdotally, it's been a painful process and I would not recommend this path to any of my friends or friends of friends.
- Many job listings want support staff who can be locked into a support role - client services or paraplanner.
- While I acknowledge people have to start somewhere, why should a young person study 3 years full time, then hang around for 5 years in these roles at $50k - $75k to hope an adviser would some day be kind enough to supervise them through a PY? Most government jobs pay better, have more benefits and offer clear progression.

The consensus is that there are greater opportunities elsewhere.