New generation of planners better educated
Planners under the age of 25 are more likely to hold a university qualification than their older peers, the Money Management Salary Survey reveals.
Data from the survey found that 100 per cent of respondents under 25 had either a Bachelor's in Finance, Economics or Accounting, or a Masters qualification, while just over a quarter of planners over 65 years reported having a university education.
The results showed that the proportion of planners with BAs in financial services-related areas increased by age group, with planners aged 36 to 45 years (31 per cent), 26 to 35 years (37 per cent) and under 25 (80 per cent) reporting they held a BA in Finance, Economics or Accounting.
However, the trend was not the case for those over 45, with 18 per cent of planners over 65 holding a BA in Finance, Economics or Accounting, while just 12 per cent of those aged 56 to 65 years and 11 per cent of those aged 46 to 55 years reported holding a financial services-focused degree.
Despite their academic achievements, planners under the age of 25 were the most likely to report that they did not feel valued by their employer, while just nine per cent of those over 65 said they were undervalued.
Alongside planners aged 65-plus — 87 per cent of whom reported feeling valued by their bosses — a high proportion of those in the 26 to 35 years age bracket (72 per cent) said they were valued.
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