Unlock Your Finance Career: How Many Jobs Are Available in Finance?
Do you Know How Many Jobs Are Available in Finance Today?
The world of finance offers a multitude of job opportunities spanning various roles, reflecting its diversity. Though it is not possible to provide an exact tally of present job openings, it's clear that the sector is brimming with possibilities. Take into consideration the insights from the Bureau of Labor Statistics—they anticipate a notable 7% growth in business and financial occupations between 2020 and 2030.
This trend outpaces the average expansion rate across other job fields, and it owes its momentum to a heightened demand for essential financial services. These services encompass a spectrum ranging from investment banking to financial planning and insurance.
Traditional Finance Careers
A career in traditional finance consists of age-old financial activities, including but not limited to accounting, risk management, financial analysis, and more. Such job roles have been in the industry for a long time and form the foundation of the financial system.
Financial Analyst
A financial analyst, as the name suggests, is mostly responsible for evaluating investment opportunities by analyzing financial data and coming up with informed investment decisions.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field. |
| Average Salary (2023) | $87,079 /yr |
| Potential Career Growth | Senior Financial Analyst, Portfolio Manager, Finance Manager. |
Accountant
A risk manager is responsible for identifying and assessing the potential risk that an organization is exposed to. Risk managers focus on developing strategies to mitigate such risks and to come up with the optimal amount of risk a company should be exposed to.
| Educational Qualification | Bachelor's degree in accounting or a related field; Certified Public Accountant (CPA) designation can be beneficial. |
| Average Salary (2023) | $67,705 /yr |
| Potential Career Growth | Senior Accountant, Controller, Chief Financial Officer (CFO) |
Risk Manager
A loan officer is responsible for assisting individuals and businesses in obtaining loans, evaluating loan applications, and assessing creditworthiness.
| Educational Qualification | Bachelor's degree in finance, business, or a related field; relevant certifications like Chartered Financial Analyst (CFA) or Financial Risk Manager (FRM) can be advantageous. |
| Average Salary (2023) | $1,30,423 /yr |
| Potential Career Growth | Senior Risk Manager, Director of Risk Management, Chief Risk Officer (CRO) |
Loan Officer
The major job responsibility of a loan officer revolves around assisting individuals and businesses in obtaining loans, evaluating loan applications, and assessing creditworthiness. A major portion of their compensation comes in the form of commission for proving more loans.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field; on-the-job training is common. |
| Average Salary (2023) | $1,64,806 /yr |
| Potential Career Growth | Senior Loan Officer, Mortgage Broker, Banking Branch Manager. |
Emerging Roles in Fintech
The financial landscape is just like any other industry, always evolving. This evolving landscape reveals emerging roles. These emerging finance careers help forge modern demands and extend beyond the confines of conventions.
These roles reflect an industry propelled by the pulse of technological progress, offering opportunities for those attuned to both timeless financial principles and the dynamic currents of digital finance.
Blockchain Developer
The main job of a Blockchain Developer is to design decentralized applications and solutions. They are also responsible for implementing these designs using blockchain technologies.
| Educational Qualification | Bachelor's or master's degree in computer science, software engineering, or a related field; strong programming skills. |
| Average Salary (2023) | $1,01,930 /yr |
| Potential Career Growth | Lead Blockchain Developer, Blockchain Architect. |
Data Analyst/Data Scientist
The fundamental role of data analysts and data scientists in fintech is to analyze large datasets to extract insights, improve decision-making, and develop predictive models.
| Educational Qualification | Bachelor's or master's degree in data science, statistics, computer science, or a related field; proficiency in data analysis tools. |
| Average Salary (2023) | $80,107 /yr |
| Potential Career Growth | Senior Data Scientist, Chief Data Officer |
Expert Advisors / Robo-Advisor Specialist
Robo-advisor specialists are primarily responsible for developing and managing automated investment platforms that provide financial advice and portfolio management services to clients.
| Educational Qualification | Bachelor's degree in finance, computer science, or a related field; familiarity with investment strategies and algorithms. |
| Average Salary (2023) | $85,000/yr |
| Potential Career Growth | Senior Robo-Advisor Specialist, Fintech Product Manager. |
Cryptocurrency Analyst
Cryptocurrency analysts are responsible for researching and providing insights on the performance of various cryptocurrencies and tokens, helping investors make informed decisions in the volatile crypto market.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field; deep understanding of cryptocurrency markets. |
| Average Salary (2023) | $99,563 / yr |
| Potential Career Growth | Senior Cryptocurrency Analyst, Crypto Fund Manager. |
Expanding Horizons: Investment and Wealth Management
Portfolio Manager
A portfolio manager is responsible for investing in an investment portfolio for general public and institutions. They oversee these portfolios and makes decision to earn return in equivalency with the benchmark.
| Educational Qualification | Bachelor's or master's degree in finance, business, or a related field; Chartered Financial Analyst (CFA) designation is often preferred. |
| Average Salary (2023) | $174,186 / yr |
| Potential Career Growth | Senior Portfolio Manager, Chief Investment Officer. |
Financial Planner
Financial Planner works closely with the end customers in creating a comprehensive financial plan for their investable money, in forms of asset investment, retirement, taxes, and other asset classes to meet the financial goal of an individual.
| Educational Qualification | Bachelor's degree in finance, accounting, or a related field; Certified Financial Planner (CFP) certification is highly recommended. |
| Average Salary (2023) | $104,371 / yr |
| Potential Career Growth | Senior Financial Planner, Wealth Management Advisor. |
Investment Analyst
Investment Analysts are responsible in providing potential investment opportunities by analyzing financial data.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field; CFA or Master of Business Administration (MBA) can enhance prospects. |
| Average Salary (2023) | $95,391 / yr |
| Potential Career Growth | Senior Investment Analyst, Portfolio Manager. |
Wealth Manager
A wealth manager is responsible to offer personalized investment services to HNIs and UHNIs with the aim to grow wealth in a manner that is not achievable with normal financial funds.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field; CFP or Certified Private Wealth Advisor (CPWA) designation is advantageous |
| Average Salary (2023) | $1,76,724 /yr |
| Potential Career Growth | Senior Wealth Manager, Director of Wealth Management. |
Navigating the World of Corporate Finance
Chief Financial Officer (CFO)
CFOs hold vital leadership roles, overseeing a company's financial landscape. They navigate budgeting, financial strategy, and pivotal decision-making to drive the organization's success.
| Educational Qualification | Bachelor's degree in finance, accounting, or a related field; Master of Business Administration (MBA) is common; Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA) designations are beneficial. |
| Average Salary (2023) | $356,200 / yr |
| Potential Career Growth | CFOs often advance to CEO positions or become key advisors to executive boards. |
Financial Controller
A financial controller is responsible for managing the company’s financial record and foresee the reporting process. They focused on accuracy of financial information and makes sure that the treatment of the financial meets the required regulatory standard.
| Educational Qualification | Bachelor's degree in finance, accounting, or a related field; CPA designation is often preferred. |
| Average Salary (2023) | $153,360 / yr |
| Potential Career Growth | Controller positions can lead to CFO roles or higher executive positions. |
Treasury Analyst
Treasury analyst acts as the treasurer of on organization, managing the company’s financial assets, and making strategic decisions regarding how to invest spare cash of the company.
| Educational Qualification | Bachelor's degree in finance, economics, or a related field; professional certifications like Certified Treasury Professional (CTP) can enhance prospects. |
| Average Salary (2023) | $81,939 /yr |
| Potential Career Growth | Senior Treasury Analyst, Treasury Manager. |
Mergers and Acquisitions (M&A) Analyst
M&A analyst looks into potential merger and acquisition that if possible. They perform proper due diligence and assists in deal negotiation.
| Educational Qualification | Bachelor's degree in finance, business, or a related field; strong analytical skills. |
| Average Salary (2023) | $92,957 / yr |
| Potential Career Growth | Senior M&A Analyst, Director of Corporate Development. |
The Dynamic Realm of Financial Consulting
Management Consultant
A management consultant is responsible for providing expert advices to an organization on various aspects including strategies, business growth and more.
| Educational Qualification | Bachelor's or master's degree in business, finance, or a related field; Master of Business Administration (MBA) is common; industry related certifications can help in earning credibility. |
| Average Salary (2023) | $1,37,686 /yr |
| Potential Career Growth | Senior Management Consultant, Partner or Director at a consulting firm. |
Financial Advisor
The job role of a financial advisor is mostly focused on providing personalized guidance to businesses, individuals on investments, retirement planning or to investment for generating funds.
| Educational Qualification | Bachelor's degree in finance, business, or a related field; Certified Financial Planner (CFP) designation is highly valued. |
| Average Salary (2023) | $1,23,306 /yr |
| Potential Career Growth | Senior Financial Advisor, Principal Consultant. |
Risk Management Consultant
Risk management consultants are responsible for assessing and mitigating potential risks within organizations, providing solutions to improve financial resilience and regulatory compliance.
| Educational Qualification | Bachelor's or master's degree in finance, business, risk management, or a related field; relevant certifications can enhance expertise. |
| Average Salary (2023) | $151,224 / yr |
| Potential Career Growth | Senior Risk Management Consultant, Director of Risk Consulting. |
Business Valuation Analyst
Business valuation analysts assess the worth of companies or assets, supporting mergers, acquisitions, financial reporting, and legal matters.
| Educational Qualification | Bachelor's degree in finance, accounting, or a related field; professional designations like Chartered Business Valuator (CBV) can be advantageous. |
| Average Salary (2023) | $88,123 / yr |
| Potential Career Growth | Senior Business Valuation Analyst, Partner at a consulting firm. |
Government and Public Sector Finance Positions
Budget Analyst
Budget analysts work within government agencies to develop, analyze, and manage budgets, ensuring efficient allocation of funds for various programs and initiatives.
| Educational Qualification | Bachelor's degree in finance, economics, public administration, or a related field; relevant certifications can be beneficial. |
| Average Salary (2023) | $80,240 / yr |
| Potential Career Growth | Senior Budget Analyst, Budget Manager. |
Tax Examiner/Collector
Tax examiners and collectors assess tax returns, enforce tax regulations, and collect owed taxes for local, state, or federal government agencies.
| Educational Qualification | Bachelor's degree in finance, accounting, or a related field; relevant certifications can enhance job prospects. |
| Average Salary (2023) | $48,371 / yr |
| Potential Career Growth | Senior Tax Examiner, Tax Administrator. |
Public Finance Analyst
Public finance analysts analyze government spending patterns, assess fiscal policies, and offer recommendations to enhance financial management within public sectors.
| Educational Qualification | Bachelor's or master's degree in finance, economics, public policy, or a related field. |
| Average Salary (2023) | $76,073 / yr |
| Potential Career Growth | Senior Public Finance Analyst, Director of Public Finance. |
Public Financial Manager
Public financial managers oversee financial operations within government agencies, ensuring compliance with regulations, efficient resource allocation, and transparent financial reporting.
| Educational Qualification | Bachelor's or master's degree in finance, public administration, or a related field; relevant certifications can add value. |
| Average Salary (2023) | $1,85,640 /yr |
| Potential Career Growth | Director of Finance, Chief Financial Officer (CFO) in public agencies. |
Exploring Financial Education and Research Opportunities
Financial Research Analyst
The major job role of a financial research analysts gather and analyze data to provide insights into market trends, investment opportunities, and economic developments for financial institutions, research firms, or media outlets.
| Educational Qualification | Bachelor's or master's degree in finance, economics, or a related field; CFA or other relevant certifications are advantageous. |
| Average Salary (2023) | $80,791 / yr |
| Potential Career Growth | Senior Research Analyst, Chief Investment Strategist. |
Financial Educator
Financial educators design and deliver workshops, seminars, and educational programs to help individuals and groups improve their financial literacy and money management skills.
| Educational Qualification | Bachelor's degree in finance, education, or a related field; Certified Financial Planner (CFP) designation or teaching certification can enhance credentials. |
| Average Salary (2023) | NA |
| Potential Career Growth | Senior Financial Educator, Program Director. |
Academic Researcher in Finance
Academic researchers in finance work in universities or research institutions, conducting in-depth studies on financial theories, markets, and practices to contribute to academic literature.
| Educational Qualification | Doctoral degree (Ph.D.) in finance, economics, or a related field; strong research skills and published work are essential. |
| Average Salary (2023) | $51,184 /yr |
| Potential Career Growth | Associate Professor, Professor of Finance. |