The finance industry is growing rapidly and will continue to do so in the coming years. According to the Bureau of Labor Statistics, in February and March 2022, there were roughly 500,000 jobs available in the financial industry. With that in mind, how many jobs are open in the finance field? There are quite a few options for those who wish to enter this field. Here’s a look at some of the most common roles and best paying jobs in finance:
How Many Jobs Are Available in Finance?
There are many different job roles in finance, so finding the right fit is critical to your career success. You can choose to work for a large corporation, in government, in academia or for an investment bank. What does the job outlook for finance professionals look like? The job outlook increases with experience, and it varies depending on the position.
financial analyst is responsible for the financial forecasting and risk analysis of any real or potential investments. For instance, they may be employed by banks to analyze and predict the financial stability of a business as part of their lending and investment decision-making process. Alternatively, they may be employed in a company to evaluate and better understand their financial data. The financial analyst’s primary goal is to ensure that the decision-makers in a business have the relevant data needed to make informed decisions about their investments. The financial analyst’s role is to provide the decision-makers with information that helps them understand how the investments are likely to perform and how the risks associated with them can be mitigated
Personal Financial Advisor/Wealth Manager
A personal financial advisor/wealth manager helps people manage their finances. They create a financial plan and manage investment accounts. They create a financial plan, such as how much to save each month, and investment portfolio management. Personal financial advisors/wealth managers typically work at financial institutions, such as banks, hedge funds, and brokerage firms. They help people manage their money, on tasks like creating budgets, making investment decisions and paying off debt
Estimated field growth: Projected to grow 15% from 2021 to 2031.
Salary: Personal financial advisors/wealth managers earn around $80,000-$250,000, depending on company, experience and location.
An accountant is a specialist in charge of maintaining and interpreting financial records. The majority of accountants handle a variety of financial activities for both their individual clients and the larger enterprises and organizations that hire them. They work with financial data and use it to help companies and individuals make sound financial decisions. The objective of accounting is to aid in the decision-making process of organizations and individuals. Most accountants work in accounting firms. Others work in the private sector, in areas such as banking, insurance, real estate and the retail industry. Some accountants hold non-financial positions in a variety of industries.
how many jobs are available in finance
According to the U.S. Bureau of Labor Statistics, the median annual wage for business and finance occupations was $76,570 in 2021. Other sources estimate the average entry-level finance salary to be $88,160.
Most job opportunities in the finance sector require a bachelor’s degree. However, the return on that investment is high. Please note that the following salaries can vary depending on experience and individuals’ skills. Hopefully, these resources will help
What skills do you need for a job in finance?
Entering the finance industry and joining a reputable financial institution typically requires an undergraduate degree or bachelor’s degree at minimum. It’s also helpful to study analytics, business, economics, finance, or math.
Some financial companies may claim to hire a wide variety of majors, but most entry-level positions only hire people with bachelor’s degrees in those areas. If you’re interested in joining the industry but don’t have a finance degree, it’s possible to supplement with a related minor or online certification.
Are finance jobs in demand in USA?
Finance professionals also earn above-average salaries. BLS data indicates that personal financial advisors earned a median annual income of nearly $95,000 as of 2021, more than double the median annual salary for all occupations nationwide. Financial analysts—among the most common careers in finance—earned a median annual salary of $95,570.
Job Description: These analysts evaluate financial data for individuals and businesses. They research trends in the economy and business, assess financial statements and make investment recommendations to maximize profits.
Investment banking analysts typically work as either buy-side analysts or sell-side analysts. Buy-side analysts help companies acquire investments through mutual funds, pensions and hedge funds to receive a return. They assess each client’s investment selection, known as a portfolio, based on the client’s long-term plans and goals.