We all know there are a lot of career paths in the finance sector. It also becomes very important for you to choose the right one. A great way to know what type of work is going to be the best way for you would be to get hands-on experience in different fields. And the most important part to select the right career path is to know how many jobs are available in finance sector? And which are the best available options you will get in the specific sector.
Keep reading till the end to find out more information on how many jobs are available in finance!
What Is Financial Sector?
The financial sector is one such section of the economy that is made up of institutions and firms which provide financial services to retail and commercial customers. This sector also consists of a wide range of industries including insurance companies, real estate firms, and investment companies. From local money lenders to financial controllers, these various job categories belong to this sector. Let’s see which are the best paying jobs in the financial sectors and how you can excel in this industry.
How Many Jobs Are Available In Finance Consumer Sector?
Now coming onto the main question, how many jobs are available in finance? Well, the finance industry is growing very rapidly and will also continue to do so in the up and coming years. According to the Labor Statistics Bureau, both in March and February of the year 2022, there were over five billions jobs that were available in this sector/industry. That accounts for quite a lot of options that are available for people who want to enter this field.
- Checking and savings accounts.
- Credit cards processing.
- Mortgages procedures and other personal loan processing.
- Keep tapping on insurance policies.
- Offering different retirement policies.
- Financial advice.
Keep reading till the end to find out more about how many jobs are available in finance!
Best Paying Jobs In Financial Sector
Here is a list of options for people who want to pursue a career in this path: This is the actual answer of your question like how many jobs are available in finance?
Financial Analyst
Average Yearly Salary: $76,244 per year.
A financial analyst is responsible for the risk analysis and financial forecasting of any potential or real investments. For example, these types of people are employed by banks for analyzing and predicting the financial stability of any business. They can also be employed in a company for evaluation and a better understanding of their financial data.
Investment Banking Analyst
Average Yearly Salary: $1,77,014 per year
An investment analyst generally participates in the IPOs (Initial Public Offerings) and follow-on the offerings by compiling industry research and creating various financial models. They are also known to model the company’s financial results for seeing if they are even viable candidates for an Initial Public Offering.
Financial Controller
Average Yearly Salary: $103,775 per year
A financial controller is responsible for managing the company’s forecasting, finances, and budgeting. They are also going to be a part of the senior finance team and part of junior financial analysts. The controller has a very vast knowledge of financial modeling and accounting. The controllers are also responsible for setting the budget for the company and also making sure that everything meets the strategic objectives of the company.
Equity Research Analyst
Average Yearly Salary: $1,11,831 per year
An equity research analyst researches public companies for creating reports intended for investors. They then also have their financial expertise for helping the investors in making better decisions regarding the stock market. Equity research analysts write down reports about different companies and industries for helping investors in making better decisions. They use their expertise in the financial field to make better-informed decisions about the stock market.
Fintech Engineer/Data Science
Average Yearly Salary: $122,738 per year
These people analyze large amounts of data sets for the financial industry. They then make use of computer programs that automate financial tasks, like making trades and managing investment portfolios. They also work towards creating software that works in finding patterns in the data for the identification of fraudulent activity.
Tax Associates
Average Yearly Salary: $69,469 per year
The tax associates offer preparation and documentation for the state and federal income taxes to both corporations and individuals. These experts, also known as tax specialists and tax preparers, are often employed in financial services and accounting. The tax associates also prepare and then submit the other paperwork and tax returns that are linked to the taxes.
Wealth Manager/Personal Financial Advisor
Average Yearly Salary: $1,98,065 per year
A wealth manager/financial advisor aids people in managing their finances. They create an elaborate financial plan and help in managing accounts. They also create a financial plan – like an investment portfolio, the amount they save up each month. Wealth managers and personal financial advisors also typically work at financial institutions such as hedge funds, brokerage firms, and banks.
Accountants
Average Yearly Salary: $62443 per year
An accountant is a type of specialist who is in charge of interpreting and maintaining financial records. The majority of accountants handle a variety of financial activities both for the larger enterprises and organizations who hire them.
The objective of accounting is solely to aid in the process of decision-making for both individuals and organizations. Most accountants work in accounting firms. Others work in the private sector, such as real estate, banking, and also the retail industry.
Frequently Asked Questions (FAQs):
Here is a list of some of the most frequently asked questions regarding the topic:
Ans: Jobs in the finance sector have continuously been on the rise ever since the last decade. The roles offer comparatively consistency and higher salary as compared to jobs in the other sectors.
Ans: Some of the top finance companies in the world are – JPMorgan Chase, Berkshire Hathaway, PayPal, State Farm, Fannie Mae, Goldman Sachs, Bank Of America, etc.
Ans: Numerous positions are available in the broad sector of finance. The Bureau of Labor Statistics reported back in the year 2022 that there had been 95,000 types of jobs that had been added to the Finance industry. The number has only increased since then. That’s a lot of employment opportunities for people who are interested in this sector right the
To Wrap It Up!
That was all for information regarding how many jobs are available in finance. Financial sectors is a repeatedly growing industry. So there are many good opportunities .Just you need to know first which types of interest you are having on. That’s means the right career option. Once you know which financial career options you need to select your next steps will be much more easy and much accurate. Thank you for reading up till here. I hope you found the information provided useful.
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