Step 1: Earn a Bachelor's Degree

An undergraduate degree is necessary in order to become an investment consultant. A bachelor's degree in finance or economics are common degrees at this level. According to a report by Forbes.com, using June 2008 salary information collected byPayscale.com to identify the 20 most lucrative college majors, economics was number two. A degree program in finance often includes instruction in corporate finance, financial institutions and capital markets, investments and international finance. An economics course of study will usually include subjects such as employment and unemployment, inflation and labor economics, among other topics.

Step 2: Gain Experience by Participating in an Internship

Students who qualify by earning a minimum grade can seek out internships while still at college. Employment opportunities are often available with banks, insurance companies or securities firms, among other related businesses. Learn finance, marketing and accounting while cultivating your interpersonal and communication skills. Also, it is beneficial to acquire computer skills in Excel and Microsoft Word.

Step 3: Gain Employment

With skills acquired from an internship, graduates can apply for jobs in the financial services field. Prospective employers look for strong skills in math, analysis, problem solving, writing and communication. A mind for detail is also helpful. Graduates are encouraged to take advantage of the contacts established during school and through internships when trying to secure a job.

Step 4: Earn a Master's Degree

Many master's programs are available to the employed graduate looking to enhance his or her education and increase the number of job opportunities in the investment field. A Master of Science in Finance program, for example, offers comprehensive investment knowledge based upon real world circumstances and case studies. A hands-on, practical approach to investing is usually encouraged. A degree in related areas, such as statistics, or with a concentration in something like computational finance, for example, are available for the individual who wants to specialize.

Step 5: Obtain Certification

After acquiring four years of experience working as an investment consultant, an individual is eligible to earn a Chartered Financial Analyst (CFA) title by taking and passing three exams. A bachelor's degree is a pre-requisite for earning this designation. The CFA program is an independent study, graduate-level program that contains a broad syllabus of investment principles and ethical standards. The designation serves to enhance the credentials of the title-holder and may help to advance his or her career.