Why Finance Jobs Are Growing Fast Expenses
The demand for money-related jobs is growing rapidly, according to a new survey from CareerBuilder and moneyjobs.com, which reports that 35% of employers in the financial services industry will create jobs in 2014. In fact, Kevin Knapp, director Career Builder Financial, says the financial services industry is growing faster than other professions.
This is good news for job seekers, especially since CareerBuilder has also found that one in five people working in financial services are planning to change jobs this year. Growth, according to Knapp, is a direct result of improving stock market and monthly job creation, which has improved since the height of the Great Recession.
Knapp says another factor is also at play. Financial professionals are helping businesses get on top of their own finances, which is a top priority in the aftermath of the recession. âWe feel that American households and businesses are more aware than ever of their bottom line and are therefore looking for qualified professionals to achieve their respective financial goals. The list of the fastest growing occupations in this industry, including personal financial advisers and financial analysts, reflects this demand, âhe says.
Knapp recommends that those looking for a job in the financial services industry to “proactively contact the companies they would most like to work for,” in addition to following job openings online. âToday’s best-run companies recruit year round in anticipation of future needs and set up talent networks where interested candidates can submit their resumes for review for upcoming opportunities. This tactic is overlooked by many job seekers, but is becoming an increasingly important way for companies to connect with motivated talent, âhe notes.
Even mid-career professionals can take advantage of these opportunities, he adds. âMany employees in non-financial roles are exposed to finance-related tasks in the course of their day-to-day work and develop basic financial skills,â Knapp explains. Completing with additional training or certifications can help them turn that experience into a new job.
The CareerBuilder website and moneyjobs.com report that these seven financial services jobs will see particularly rapid growth over the coming year:
1. Credit analysts, who earn a median hourly rate of nearly $ 30 per hour, have created nearly 5,000 jobs in the past three years and will continue to enjoy above-average job growth in 2014 .
2. The number of financial analysts, who report home a median hourly rate of $ 36.82, has increased 7% over the past three years.
3. Actuaries, who analyze financial risk, earn a median rate of $ 45 per hour and experienced a job growth rate of 6% between 2010 and 2013.
4. Personal finance advisers earn a median hourly rate of just over $ 32 and have experienced job growth of 6% over the past three years.
5. Credit counselors earn almost $ 19 an hour and the number of positions increased by 5% between 2010 and 2013.
6. Financial examiners, who ensure businesses and other entities comply with financial management requirements and laws, earn a median hourly rate of $ 36.44. The domain grew by 5% between 2010 and 2013.
7. Accountants and auditors, who work on keeping proper financial records, earn $ 30 an hour. The domain has grown 5 percent over the past three years.