Finance is a process of raising funds or capital for any kind of consumption. It is the process of conducting various funds in the form of loans, credit, or invested capital to those economic conditions that need them and can be put to the most productive use. Here in this post, we will tell you How Many Jobs Are Available in Finance?
The number of jobs related to money is increasing. According to the US Bureau of Labor Statistics, between 2019 and 2029, business and finance-related occupations are on track to grow by 5%, which is faster than the average compared to all other fields.
Why do Finance Jobs Grow Faster Than Other Fields?
The US job market wants financial workers. As the job market rise and falls and monthly job rates vary, financial jobs increase, as well as retirement planning and baby boomers. A lot of management jobs were available during these times due to an increased focus on wealth management and risk management, as well as obtaining real estate.
After the 2008 recession, rules and regulations changed forcefully. Banks and Lenders start working overtime to sure they comply. A regulation-heavy market has a need for those people who work with the number and know the new and ever-changing rules in the market. Our current economic state also affects the need for financial workers and the amount of work they do.
Start Your Career by Getting a Degree in Finance
In order to get an advantage from many job opportunities that are available in the finance field, this is important to become qualified for these positions. This can include getting a degree in finance and related field. Here are some options for those who want to maintain a career in finance or other similar career opportunities:
1- Bachelor of Science in Finance
A Bachelor of Science in Finance gives students knowledge that can necessary to lead a successful finance career. Students get to investigate topics such as finance, accounting, economics, investing, and portfolio management. A Bachelor’s degree in finance will also help students to secure their experience, internship, and other on-the-job training.
2- Bachelor of Science in Finance and Economics
A bachelor’s degree in finance and economics is a more valuable degree than a traditional finance degree. This degree only focuses on the relationship between finance and economics and how we can apply these study platforms to a career in the business field.
3- Bachelor of Science in Accounting
Although not directly related to a finance degree, a Bachelor of Science in accounting degree is also the best and most valuable option to consider for those who are interested in the area of business. Graduates of this program may face career opportunities as accountants, credit analysts, or revenue agents. If you consider finance, it may be beneficial to compare the difference between a finance degree and an accounting degree to ensure this you have to select the degree that is best fit for you and your career goals.
4- Master of Business Administration in Finance
For those people who want to go beyond a bachelor’s degree and reach for a guidance role in the financial field, to consider this a graduate degree is the best option. This can also include master’s degree and doctoral degree options. The graduate degree option is a Master of Business Administration in Finance. This degree program further grows students’ knowledge of business and the corporate world and prepares them to take on higher-level positions.
How Many Jobs Are Available in Finance?
So, “How Many Jobs Are Available in Finance?” “What can I do with a degree in finance?” are the type of questions that can mostly ask. Fortunately, with an increase in the number of jobs and a wide range of job sectors, recent finance grades have many options to consider. It is important to search about the variety of financial jobs and resources available for graduates to ensure you have selected a job for which you are qualified and will enjoy. Here are a few to keep in mind:
Analyst
Analysts work with banks and lenders to examine people’s and businesses’ credit ratings. According to the U.S. Bureau of Labor Statistics, financial analysts are on track and grow by 5% between 2019 and 2029, which is faster than all jobs. People in this job can analyze financial statements and histories to determine whether a line of credit should extend. Financial analysts should also work with companies to identify projects and estimate investment ideas.
Financial Advisor
If working directly with a particular and families is something you are interested in, becoming a personal financial adviser could be a great job for you. Financial advisors also called financial consultants and planners; work with individuals and families to advise them in their financial decisions. They can give advice about everything from saving to investment to retirement. Furthermore, employment of financial advisors is projected to grow by 4% from 2019 to 2029, about average for all occupations. As the population increases, the demand for financial planning g service also increase.
Loan Officer (How Many Jobs Are Available in Finance)
Another major finance job is a loan officer. Loan officers authorize and recommend approval of loan applications for people and businesses. Loan officer employment is projected to grow 3% from 2019 to 2029, as fast as other occupations. Most loan officers are employed by commercial banks, credit unions, companies, and other related financial institutions.
Financial Examiner
If you like to impose rules and regulations, consider becoming a financial examiner. Employment of financial examiners is projected to grow 7% from 2019 to 2029 which can be faster than the average for all jobs. The responsibility of this job includes ensuring that companies obey the new financial regulations.
Other Finance Degree Job Opportunities
There is many other major job option related to finance. For example, you may choose to continue a career as a:
- Financial planner: A financial planner designs a plan that gives or individual the power and ability to meet financial objectives and control matters.
- Broker: A broker work as a mediator between two different parties in certain financial exchanges or deals.
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