It’s no secret that there is a lot of competition in the finance industry. But just how many jobs are available in finance? Well, it depends on where you look. The United States Bureau of Labor Statistics (BLS) reports that there were 7.9 million jobs in the finance and insurance industries in 2016.
This number includes positions such as financial analysts, personal finance advisors, and insurance underwriters. However, a study by Emolument, a salary benchmarking website, found that there are actually only 1.2 million positions available worldwide for people with financial skills.
This means that there are six times as many people working in finance as there are available jobs. So, if you’re looking to break into the finance industry, you’re going to have to be really good at what you do.
The job market for finance majors
The job market for finance majors is very competitive. There are many jobs available in finance, but only a limited number of positions for finance majors. The vast majority of finance jobs are found in the banking and investment industries. However, there are also many positions in the insurance and real estate industries.
There are several things that you can do to increase your chances of getting a job in finance. First, get a degree from a top-ranked school. Second, gain experience through internships or summer jobs. Third, build a strong network of contacts within the industry. Finally, be prepared to relocate to where the jobs are located.
The most in-demand finance jobs
The most in-demand finance jobs include positions such as financial analysts, personal finance advisors, and loan officers. There is a growing demand for these positions as the economy continues to recover from the recession.
Financial analysts are responsible for evaluating investments and providing recommendations to clients. They must have strong analytical skills and be able to interpret financial data.
Personal financial advisors provide guidance to individuals and families on how to manage their money. They help clients set financial goals and create a budget. They also offer advice on investing and saving for retirement.
Loan officers evaluate loan applications and determine whether or not to approve them. They also work with borrowers to find the best loan terms and conditions.
There is a growing demand for finance jobs as the economy continues to improve. Individuals with strong analytical skills and a solid understanding of financial concepts will be in high demand.
The skills you need for a successful career in finance
There are a number of skills that you will need in order to have a successful career in finance. These include:
Analytical skills: You will need to be able to analyze financial data and make sound decisions based on your findings.
Communication skills: You will need to be able to communicate effectively with clients, colleagues, and senior management.
IT skills: You will need to be comfortable using computers and various financial software packages.
Organizational skills: You will need to be able to keep on top of deadlines and juggle multiple tasks at any one time.
Problem-solving skills: You will need to be able to identify and solve problems quickly and efficiently.
How to find the right finance job for you
When it comes to finding a finance job that’s right for you, it’s important to consider your skills and interests. Do you want to work in corporate finance, or are you interested in investment banking? Maybe you’re passionate about personal finance and helping others manage their money.
There are a number of different finance jobs available, so it’s important to do your research and figure out which one is right for you. Talk to people who work in the industry, read articles and job descriptions, and attend career fairs. Once you have a good understanding of the different types of finance jobs available, you can start searching for positions that match your skills and interests.
If you’re not sure where to start your search, try looking on job boards or networking with people in the industry. You can also contact a professional placement agency that specializes in finance jobs. They can help you identify open positions and match you with employers that are looking for candidates with your skills and experience.
Conclusion
Overall, the job market for finance positions is healthy and growing. With so many different types of finance jobs available, there are plenty of opportunities for those with the right skill set. Whether you’re looking to start your career in finance or make a switch to a new financial role, now is a great time to explore your options.