How Many Finance Jobs Are There?

The number of employment involving money is growing. According to the U.S. Bureau of Labor Statistics, business and finance-related jobs are expected to rise by 5% between 2019 and 2029, outpacing all other areas. 1 So, what is driving this expansion?

Why Are Finance Jobs Growing Faster Than Others?

In the US, there will always be a need for financial professionals. Financial occupations, as well as retirement planning with millennials and baby boomers, are increasing as the stock market changes and monthly employment rates shift. Because of the growing emphasis on wealth management, risk management, and real estate acquisition, many wealth management professions become available during these periods.

Regulations changed dramatically during the 2008 crisis. Banks and lenders started working around the clock to assure compliance. A strongly regulated industry need the ability to work with numbers and grasp new and constantly changing legislation. Our present economic situation is also having a significant impact on the demand for financial employees and the quantity of work they undertake.

Begin Your Career with a Finance Degree

It is essential to get qualified for the various career possibilities accessible in the financial area in order to take advantage of them. Earning a degree in finance or a similar area is one example. Here are a few choices for people interested in pursuing a career in finance or other related fields:

Finance Bachelor of Science

A Bachelor of Science in Financial provides students with the foundational information required to pursue a successful finance profession. Finance, accounting, economics, investment, and portfolio management are among the subjects covered by students. A bachelor’s degree in finance may also assist students in obtaining work experience, internships, or other on-the-job training.

Finance and Economics Bachelor of Science

A bachelor’s degree in finance and economics is a more specialized degree than a bachelor’s degree in finance. This degree focuses on the link between finance and economics, as well as how to apply these subjects to a career in business.

Accounting Bachelor of Science

A Bachelor of Science in Accounting degree, although not directly related to finance, is an excellent choice to explore for people interested in this sector of business. Accountants, credit analysts, and revenue agents are some of the jobs available to graduates of this institution. If you are contemplating a career in finance, you should analyze the differences between a finance degree and an accounting degree to ensure you get the appropriate degree for you and your professional objectives.

Finance Master of Business Administration

A graduate degree is an excellent alternative for people who wish to go beyond a bachelor’s degree and pursue leadership jobs in the financial profession. Optional master’s and doctorate degrees are offered. A One graduate degree option is a Master of Business Administration in Finance. This degree program broadens students’ understanding of business and the corporate world, preparing them for higher-level employment and leadership responsibilities.

Jobs in Finance

“What can I do with a finance degree?” is a valid question. Fortunately, with an increasing number of employment available in a variety of industries, new finance graduates have a broad choice of possibilities to examine. It is important to research the many financial occupations and resources accessible to graduates in order to choose a profession for which you are qualified and will love. Here are a few to remember:

Analysts

work with banks and lenders to develop credit ratings for individuals and organizations. Financial analysts are expected to rise by 5% between 2019 and 2029, faster than the average for all professions, according to the U.S. Bureau of Labor Statistics. 2 Employees in this position examine financial accounts and credit histories to evaluate if a line of credit should be provided. Financial analysts also collaborate with firms to research initiatives and assess investment potential.

Financial Consultants

If you like dealing directly with people and families, being a personal financial adviser might be a wonderful fit for you. Financial advisers, often known as financial consultants or planners, counsel individuals and families on financial choices. They may provide guidance on everything from mortgages to college savings to investments to retirement. Furthermore, personal financial adviser employment is expected to expand 4% from 2019 to 2029, which is about average for all professions. Demand for financial planning services should grow as the population ages and life expectancies rise. 3

Examiner of Finance

Consider becoming a financial examiner if you like enforcing laws and regulations. From 2019 to 2029, the employment of financial inspectors is predicted to grow faster than the national average. 4 This occupation’s duties include ensuring that businesses follow new financial and tax requirements. They also advise on financial management and general company organization legislation.

Officer of Credit

A loan officer is another option for finance majors. Loan officers analyze, approve, and recommend loan acceptance for individuals and enterprises. Loan officers’ employment is expected to expand 3% from 2019 to 2029, somewhat on line with other occupations. 5 The majority of loan officers work for commercial banks, credit unions, mortgage firms, and other financial organizations.

Job Opportunities with a Finance Degree

There are several additional big financial employment opportunities to consider. For example, you might pursue a profession as a:

• A certified financial planner creates a strategy that enables companies or people the authority and capacity to fulfill financial goals and maintain financial management.
• Brokers act as a go-between for two parties in some financial transactions.
• Insurance underwriters must comprehend the risks associated with insurance obligations in order to make sound business judgments.
• Banker: A banker works for an institution, such as a bank or credit union, and is in charge of aiding customers with various duties related to the financial services provided by the business.