> Are most financial jobs unethical?

Are most financial jobs unethical?

Posted at: 2015-07-28 
I am just graduated with a degree in finance. I interned for a financial planner and although she was ranked as one of the top advisors, she was not a very honest person and fooled her clients and tried to make me believe she was doing right but selling variable annuities to old people. I am now looking for a full time job, I have an interview today for an underwriter position for an insurance company. I have read the reviews on yelp and this company has been poorly rated for its services and customers are very unhappy with the insurance coverage they receive. It really makes me wonder if I will find a job that is profitable but at the same time ethical.

Hang in there. There are unethical and ethical people in all professions. Good for you for identifying that early on. As a financial professional I can tell you there are a good number of honest people in the profession. If you want to go the financial advisory route, you may try getting in with a registered investment advisor, rather than a financial planner. The RIA will likely have set their business up to keep fees as low as possible for their clients. This means not selling many VAs or other "expensive" investment products. This also applies to the fund companies building said products. Hope this helps. You could also go to corporate finance, and work in an accounting department. Pretty straightforward. May not be what you want to do though.

I can't find a link to it but, NPR recently did a story that talked about how even financial advisors think financial advisors are unethical. I don't think most finance jobs are unethical but, I avoid financial planners because I'm convinced they have their own best interests at heart.

As someone who has worked in the insurance industry I have to say it won't be easy to do this job if you are worried about ethics. Sometimes the prices are high and some companies take advantage of clients, but you can also be an ethical worker and in your position bring positive reviews to the company. I would love to have you as a contact please email me some time maybe we can help each other at some point. Josh.Duran60@yahoo.com

They are held to high standards, but are also tempted by much higher profits from pushing the limits. The creative bundling of sub-prime loans, which almost nobody understood almost brought down the whole economy.

Being ain a position with the least temptations may help keep honest people honest.

Jobs arent unethical - its the people doing them that make them that way.

yes they are