Why Finance Jobs Are Growing Faster Than Other Fields

Posted on December 19, 2018  in  [ Business & Management ]

The number of money-related jobs is increasing. According to the Bureaus of Labor Statistics (BLS), finance-related occupations are on track to grow by ten percent between 2016 and 2026.[1] That is faster than average compared to all other fields. So, what is driving this growth?

The first thing is a growing economy. As the stock market improves and the monthly jobs rates climb, financial jobs increase, as well as retirement planning with millennials and baby boomers. A lot of wealth management jobs become available during these times due to an increased focus on wealth management and risk management, as well as acquiring real estate.

After the recession, regulations changed drastically. Banks and lenders are working overtime to ensure they comply. A regulation-heavy market is in need of people who work with the numbers and know the new rules.

Additionally, people who work in finance are beginning to cross over into marketing. The increase in data analysis used to target marketing efforts requires people who know how to read and discern numbers. In this new world of tech and data, financial jobs look different than ever before.

Financial Job Possibilities for Recent Grads

With a growing number of jobs and a wide range of job sectors, recent financial grads have lots of options. Here are a few to keep in mind.

1. Analyst

Analysts work with banks and lenders to determine people and businesses’ credit ratings. People in this job analyze financial statements and histories to help determine whether a line of credit should be extended, also working with companies to analyze projects.

3. Financial Advisors

If working directly with individuals and families is something you are interested in, becoming a personal financial advisor could work for you. Financial advisors work with individuals and families to give advice about everything under the financial sun—from mortgages to college savings to investments to retirement. They may also be called financial consultants or planners.

4. Financial Examiner

If you are a rule-follower, this job is for you. Financial examiners ensure that companies obey the new financial and tax regulations. They also consult about laws related to financial management and overall business organization

If you would like to get a leg up in the fast growing field of finance, get enrolled in the Bachelor of Science in Finance and Economics or Master of Business Administration with an Emphasis in Finance degrees at GCU.

To learn more about how Grand Canyon University’s Colangelo College of Business trains people with great brains for numbers to fill a growing job market, visit our website or click the Request More Information button on this page.

[1] https://www.bls.gov/ooh/business-and-financial/home.htm

About Colangelo College of Business

Business Buzz is a blog that features content written by faculty, staff and students from Grand Canyon University’s Colangelo College of Business. In addition to profiles about events, students and faculty on campus, you’ll also find insight and perspective on the ever-changing business discipline and current global business topics. Learn about the modern business landscape, and how business today continues to grow and evolve to meet the needs of organizations and consumers in the 21st century. Check in every week for the latest news from the business community and around GCU.


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