By Matt Whittle
Individuals with analytical minds and strong attention to detail make good candidates for in-demand careers in finance. This field offers many roles beyond trading on the stock exchange floor, though many positions still include financial forecasting and investments for businesses and clients.
As the finance and tech worlds overlap more, professionals in these sectors can maximize returns on investments for individuals and organizations. This guide explores whether finance is a good career path, including salary data for finance jobs, projected employment growth rates and answers to frequently asked questions.
The Benefits of Working in Finance
Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.
The U.S. Bureau of Labor Statistics (BLS) projects that business and finance jobs will be in demand from 2022 to 2032, with 911,400 openings on average each year. Certain roles within finance, like financial examiner, are expected to grow over six times faster than the rate for all occupations nationwide.
Finance professionals also earn above-average salaries. BLS data indicates that personal financial advisors earned a median annual income of nearly $95,390 as of 2022, more than double the median annual salary for all occupations nationwide. Financial analysts—among the most common careers in finance—earned a median annual salary of $96,220.
In fact, the BLS reported relatively high pay for business and financial occupations overall. These professionals earned a median annual salary of $76,850, or about $30,000 more than the median annual wage for all jobs in the United States.
Cutting-edge developments at the intersection of finance and tech (fintech) allow finance professionals to stay up to date in an evolving field. The need for knowledgeable workers to assess investment opportunities will continue to drive demand for careers in finance.
Finance professionals can also pursue advanced roles in the field to take on more responsibilities and increase their pay. With more education, experience or certification in specific areas of finance, professionals can work in finance degree jobs as portfolio managers, chief financial executives and senior financial analysts.
Read the full article here: https://www.forbes.com/advisor/education/business-and-marketing/careers-in-finance/
