how many jobs are available in finance consumer services industry
The field of finance and consumer services is one that is continually expanding and offers numerous prospects for career growth. The Bureau of Labor Statistics (BLS) projects that the industry of finance and consumer services will increase by 17% between the years 2012 and 2022, which is much greater than the average growth rate for all occupations. The following are examples of some of the most prevalent jobs in the consumer finance industry:
There are also a variety of jobs in the consumer finance industry that are not typically considered to be in the financial area such as payroll and accounting. There is a great deal of opportunity for those looking to pursue a career in this area.
What Is Consumer Services in Finance?
In finance, consumer services refer to the various tasks and duties that financial advisors and other professionals in the industry must complete in order to serve customers. This includes everything from providing advice on budgeting and investing to helping borrowers get approved for a mortgage or finding the right credit card.
The demand for customer service representatives in finance is high, with job openings regularly being found on Indeed.com. According to the Bureau of Labor Statistics (BLS), jobs in finance relating to consumer services are expected to grow by 11 percent between 2016 and 2026, making it one of the fastest-growing occupations. As a result, those with experience in this area can look forward to a good career path.
highest paying finance jobs
There are many high-paying finance jobs available. In fact, the top five highest-paying finance jobs based on salary data from Indeed.com in 2018 were analyst, vice president of financial planning and analysis, investment banker, controller, and chief financial officer. These are all positions that require a Bachelor’s degree in business or accounting and experience in financial analysis and investing.
In addition to the five highest-paying finance positions, other high-paying finance jobs include bank loan officer, credit analyst, commercial banking associate (see more below), securities sales representative, and portfolio manager. Many of these positions also require an MBA or a Master’s degree in business administration or accounting.
The job outlook for the financial consumer services industry
The financial consumer services industry is expected to decrease by 2% over the next ten years as the population ages and there are fewer people willing or able to take on these jobs. However, this is not the entire story when looking at job prospects in the finance consumer services industry. There are a number of other factors that will affect growth, such as technological advancements and changes in consumer behavior.
In terms of sheer numbers, the finance consumer services industry employs around 11 million people across the world. This number is likely to shrink as the population ages but it will still be a large sectoral employment market. In addition, there are also opportunities for growth in self-employment and small business ownership in this field. The biggest challenge facing financiers in this sector is adapting to changing customer needs; this can be difficult but ultimately leads to more successful businesses.
Is Finance Consumer Services a Good Career Path?
Finance consumer services is a growing industry that offers people many opportunities for career growth and satisfaction. According to the Bureau of Labor Statistics, finance consumer services are projected to grow by about 19 percent between 2016 and 2026, which means there are plenty of jobs available in this field.
In terms of salary, finance consumer services professionals can earn a good income depending on experience and qualifications. The median annual salary for financial planners was $92,980 in May 2017, according to PayScale.com. With continuing education and certification opportunities available, salaries could reach even higher levels.
The main benefits of pursuing a career in finance consumer services include increased job satisfaction and stability. Individuals in this field often have access to exciting new technologies and are able to work with a variety of clients across many industries.
What Are Some Essential Skills That You’ll Need To Succeed?
If you want to pursue a career in finance, consumer services, or any other field that involves working with money, you’ll need some essential skills. Here are five of the most important:
1. Financial literacy. This includes knowledge about how to invest and spend wisely, understand loans and credit terms, and manage your finances well overall.
2. Compassionate communication. You’ll need to be able to effectively communicate with clients, peers, and supervisors. This includes being able to listen well, respect other people’s opinions, and offer solutions that work for everyone involved.
3. Problem-solving skills. If a situation arises where you need to find a solution quickly, you’ll need to be able to come up with an idea and put it into action.
4. Time management skills. It’s essential that you have good time management if you want to succeed in finance or any other field that takes time commitment such as customer service or sales. Being able to prioritize tasks and stay on track is key!
5. Organised mindset. In order to stay focused during long hours of work or when dealing with busy schedules, it’s important that you have a structured approach toward life with clear goals set from day one
With the current economy continuing to slump, many people are looking for ways to make money. One popular route is finding a job in the finance consumer services industry. This article provides an overview of what this type of job entails and how many positions are currently available.
Finance consumer services jobs typically involve working with individuals and families who are trying to manage their money or improve their financial situation. These positions may involve handling banks and credit card accounts, providing advice on investing, or helping customers resolve financial disputes.
Considering the current economy, there are a plethora of finance consumer services positions available. However, due to the high demand for these jobs, competition can be fierce. Those interested in finding a position in this field should start by doing some research into the various options open to them. Also, be sure to portfolio their skills and molecule potential employers in order to increase their chances of being selected for an interview.