Finance organizations/The finance industry….[information here]

[blurb here about if you want to work in the finance industry]

What is the Finance Industry?

Work in this field typically includes [taken from non-profit, need to update: one-on-one coaching, counseling, and group financial education. Nonprofit financial counseling is often embedded into or accompanies other nonprofit or government self-sufficiency or life skills programs such housing, veteran’s services, or workforce development. Depending on the goals for the agency, each financial counseling program may look different and is designed to fit the needs of the agency or community.]

Nonprofit financial counseling may include:

  • Credit counseling
  • Housing counseling
  • Homebuyer education
  • General money management
  • Facilitating classes
  • Tax counseling (VITA)

 

Potential Career Examples in the Finance Industry

  • Banks
  • Credit Unions
  • Taxes
  • Insurance
  • Financial Navigator
  • Financial Case Manager
  • Tax Counselor
  • Program Management & Leadership
Career Qualifications

Career qualifications may vary depending on the position and organization, but it is helpful to have an AFC, CFP or FFC. Depending on where you work, other qualifications may be required in the realm of social services, psychology or nonprofit management.

Compensation

 Compensation in the nonprofit sector can vary and may include:

  • Full/part-time (salary/hourly)
  • Contract work
  • Grant-funded positions

Pros and Cons

Pros

  • Socially & emotionally rewarding
  • Community impact
  • Collaboration & community
  • Develop broad array of skills
  • Multi-generational impact

Cons

  • Emotional fatigue
  • Vicarious trauma
  • Must wear “many hats”
  • May take longer to see results
  • Funding instability
  • Modest (less than ideal) environment or working conditions

Thinking about starting a nonprofit?

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Nonprofit Resources

Nonprofit Professional Profile

Erin Akery, AFC

Erin Akery, MA, AFC®

 

Erin Akery is a financial counseling manager with the Nashville Financial Empowerment Centers, a partnership program between United Way of Greater Nashville and the Mayor’s Office that provides free, one-on-one financial counseling to Nashvillians. Erin has been a financial counselor with the FEC since 2013. Erin has a Master’s in Leadership and Public Service from Lipscomb University and has been an AFC® since 2016.

 

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