Twenty-first century finance experts are applying their skills in a number of dynamic industries. With over 12 percent growth expected in the finance profession between 2014 and 2024, it's growing faster than the average for most occupations.
Below is a breakdown of nine interesting careers in finance, employers and industries that hire finance professionals and resources for further career information. Some careers may require addition skills or further education. For more information on qualifications, jobs and career specifics consult the Bureau of Labor Statistics Occupational Outlook Handbook.
ACTUARY
MEDIAN PAY: $105,900/YR
JOB OUTLOOK: Growing at 24% (much faster than average)
JOB DESCRIPTION: Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.
FINANCIAL EXAMINERS
MEDIAN PAY: $81,410/YR
JOB OUTLOOK: Growing at 18% (much faster than average)
JOB DESCRIPTION: Financial examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.
BUDGET ANALYST
MEDIAN PAY: $79,940/YR
JOB OUTLOOK: Growing at 5% (slower than average)
JOB DESCRIPTION: Budget analysts advise various institutions on how to organize their finances. They prepare annual and special reports and evaluate budget proposals. They analyze data to determine the costs and benefits of various programs, and they recommend funding levels based on their findings. Top executives rely on the work of budget analysts to prepare the information for decisions.
FINANCIAL MANAGER
MEDIAN PAY: $131,710/YR
JOB OUTLOOK: Growing at 17% (much faster than average)
JOB DESCRIPTION: Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
PERSONAL FINANCE ADVISOR
MEDIAN PAY: $94,170/YR
JOB OUTLOOK: Growing at 5% (slower than average)
JOB DESCRIPTION: Personal financial advisors provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.
SECURITIES BROKER
MEDIAN PAY: $62,910/YR
JOB OUTLOOK: Growing at 4% (slower than average)
JOB DESCRIPTION: Actuaries analyze the financial costs of risk and uncertainty. They use mathematics, statistics, and financial theory to assess the risk that an event will occur, and they help businesses and clients develop policies that minimize the cost of that risk. Actuaries’ work is essential to the insurance industry.
FINANCIAL QUANTITATIVE ANALYST
MEDIAN PAY: $73,240/YR
JOB OUTLOOK: Growing at 5-10% (average)
JOB DESCRIPTION: Develop quantitative financial products used to inform individuals or financial institutions engaged in saving, lending, investing, borrowing, or managing risk. Investigate methods for financial analysis to create mathematical models used to develop improved analytical tools or advanced financial investment instruments.
BENEFITS ADMINISTRATOR
MEDIAN PAY: $127,530/YR
JOB OUTLOOK: Growing at 4% (slower than average)
JOB DESCRIPTION: Some managers administer both the compensation and benefits programs in an organization, other managers specialize and oversee one or the other. All compensation and benefits managers meet with senior staff, HR departments, and financial officers. They use their expertise to recommend compensation and benefits policies, programs, and plans.
COST ESTIMATORS
MEDIAN PAY: $65,170/YR
JOB OUTLOOK: 1% (little or no change)
JOB DESCRIPTION: Cost estimators collect and analyze data in order to estimate the time, money, materials, and labor required to manufacture a product, construct a building, or provide a service. They generally specialize in a particular product or industry.
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