How Many Jobs Are Available in Finance?

How Many Jobs Are Available in Finance? Job opportunities in the financial sector are expected to grow in the United States. Financial jobs also increase as the stock market and monthly job rates rise.

How Many Jobs Are Available in Finance?

It’s safe to say that those with financial expertise will never be out of employment in the United States. Financial jobs, including retirement planning for generations from millennials to baby boomers, are rising due to the stock market’s ups and downs and the monthly fluctuations in employment rates.

Insofar as wealth management, risk management, and real estate acquisition are concerned, many new positions open up during these periods. From 2021-2031, the number of jobs in the business and finance sector is forecast to expand by 7 percent.

This expansion is anticipated to create around 715,100 new positions. Growth isn’t the only source of employment chances; workers who quit their positions permanently also create a need for new hires.

Projections for growth and replacement needs add up to an annual average of about 980,200 job opportunities. There were major reforms to the rules after the economic downturn of 2008. Consequently, financial institutions have started putting in extra hours to assure compliance.


People who are good with figures and are up-to-date on the constantly evolving laws are in high demand in a highly regulated sector. The present economic climate significantly impacts the quantity and quality of work performed by financial personnel.

Best Paying Jobs for Finance Majors

The question, “What can I do with a finance degree?” is natural. Those who have recently earned degrees in finance have many job options, thanks to the expanding employment market and diverse industries.

To choose a career path in finance for which you are well-suited and will take pleasure, it is vital to learn as much as possible about the many options accessible to recent graduates. Just a few examples are shown below:


Credit ratings for individuals and organizations are determined by analysts who work for financial institutions. As reported by the BLS, the job market for financial analysts is expected to expand by 5% between 2019 and 2029. 2 Workers in this field examine clients’ bank records and income statements to see if a credit limit is appropriate. Analysts in this field are often employed by businesses to evaluate projects and potential investments.

Accountants and Tax Advisers

Associates in tax preparation help businesses and individuals gather the necessary paperwork to file their federal and state tax returns. These professionals, also known as tax preparers or specialists, work for accounting firms and financial service providers. However, others choose to go into self-employment. Associate tax preparers deal with all the tax documentation, from returns to payments.

Investment banker


Investment bankers work only for investment banks, which help governments with capital raising, mergers and acquisitions, and initial public offerings (IPOs). Investment bankers advise clients on these and other big financial transactions, typically acting as a go-between for the client and the other parties involved.


To attract new clients and expand their business, major banks require the expertise of well-informed marketers. The marketing sector of the financial services business is a rich learning environment for those with the requisite abilities.

Real Estate Agent

Financial planners in the commercial and residential real estate industries help their customers figure out how to get the funds that will serve as their workplace, a place of worship, or a retail sale. Mortgage brokers, loan officers, and insurance agents are all examples of careers related to financing real estate.

Consultants in Finance

A career as a personal financial advisor may be rewarding if you enjoy helping people and families financially. Financial advisers, also known as financial consultants and planners, help people and families make sound financial decisions. Mortgages, college funding, investment planning, and retirement are just some topics on which they may advise you.

And the job market for personal financial advisers is expected to rise by 4% from 2019 to 2029, which is approximately the average for all occupations. The need for retirement and estate plans is expected to grow as the population ages and life expectancies rise. 3

Financial Examiner

Become a financial examiner if you enjoy strictly applying the law. From 2019 to 2029, the job market for financial examiners is expected to expand by 7%, faster than the average for all occupations. 4 This position’s duties include ensuring businesses comply with the latest legislation concerning their finances and taxes. Accounting, tax, and corporate structure legislation are all areas in which they advise.

Capital Budgeting

A corporate finance professional manages the financial resources of a corporation or other business entity. Employers in the corporate finance industry need workers who can demonstrate their reliability, experience, and expertise.

A bachelor’s degree in business, finance, or management is typically required. It will set you apart from the competition if you understand how a business operates. If you want to work in the field but are just starting, you’ll require

Officer of Loans

Students majoring in finance may also think about working as loan officers. Loan officers review personal and commercial loan applications and then decide whether or not to approve them. Loan officer jobs are expected to increase by 3% between 2019 and 2029, which is approximately the average for all occupations. 5 Commercial banks, credit unions, mortgage firms, and other financial organizations employ the lion’s share of loan officers.


An insurance job might serve as a stepping stone to other opportunities in the lucrative financial sector. Many different types of insurance jobs are available at huge insurance companies. You can seek employment in various insurance-related fields, such as a broker, agent, CSR, or actuary. Every one of these people plays an important part in the agency’s ability to deliver high-quality insurance to its customers.

Engineer in Financial Technology

A data scientist or financial technology (fintech) engineer works in the finance sector, analyzing huge datasets. For this, they rely on computational algorithms and statistical methods. A data scientist or financial technology engineer works in the financial sector, analyzing enormous datasets.

They utilize computational tools and statistical methods like machine learning to examine datasets for discernible patterns. Programmers in the fintech industry create apps that monitor investments on autopilot.


Moreover, they develop programs that mine data for telltale signs of fraud. Data analytics is a tool used by fintech engineers to discover trends and insights. Financial chores, such as monitoring an investment portfolio, may be handled thanks to their software automatically. They also develop software that searches for patterns in the data to detect fraudulent behavior.

Types of Finance Degrees

The financial profession offers various degree levels to cater to individual interests. While a master’s or doctorate in finance would better prepare you for managerial or teaching positions in the field, a bachelor’s degree will get you started. Below, we’ve outlined the three most common types of finance degrees:

  • Bachelor’s Degree in Finance - A bachelor’s degree in finance is the minimum for entering the field. An education in finance from this four-year program will provide you with the groundwork for a successful career. A bachelor’s degree in the financial business will help you learn more about money and teach you how to lead, analyze data, and communicate effectively.

  • Master’s Degree in Finance - This two-year program expands on the foundational knowledge of finance by allowing students to focus on a subset of the industry.

  • Doctorate Degree in Finance - Earning a Ph.D. in finance opens doors to academic research, college teaching, and high-level positions in the field, including those in corporate finance.

Note: It requires an additional four to five years of study beyond the completion of a bachelor’s and master’s degree before one may acquire a doctorate in finance. Most Ph.D. holders will make above $200,000 annually after entering the workforce.

Why Should I Consider a Career in Finance?

Working in finance offers several advantages. First, there is a generally safe business environment. There is always a demand for financial analysts, account managers, and security specialists so long as businesses and people generate profits. Second, salaries in the financial sector tend to be very generous.

Professionals in the financial sector typically earn competitive salaries because of their high expectations. Last but not least, even a financial industry entry-level position should provide room for growth. Within a few years of starting work, you may be eligible for promotions or raises if you prove to be a trustworthy, knowledgeable, and skilled employee.

Ways to Get a Job in Finance

1. Education

Get a bachelor’s in anything related to your career. It’s a good idea to start a career in finance by majoring in finance, business, or a similar discipline. A master’s degree in finance is recommended but not necessary for entry-level positions in the field.

2. Entry-level job

Look for an entry-level job with a company, group, or institution. Spend a few years honing your craft and gaining valuable expertise before applying for that promotion. You may advance in your current position, or you could look for a new job. It’sLooking for ways to develop professionally, regardless of your position, is vital.

3. Seek out a higher-level position

Once you’ve gained some experience and the necessary qualifications, you may start looking for a position in finance that best meets your needs. This might be the case in finance, banking, investments, insurance, and possibly other sectors. Which specific form of finance career is ideal for you will depend on your traits, work preferences, and skill set.


Some related questions are given below:

1 - What kind of jobs can I find in the financial sector?

On and off Wall Street, numerous positions are available in the financial sector. Financial analysts, actuaries, securities traders, portfolio managers, and quantitative analysts are just a few jobs in the field (quant).

2 - What are the highest-paying jobs in finance?

The greatest incomes in the financial industry are paid to investment bankers, actuaries, portfolio managers, quants, and securities traders.

3 - Is finance a good career path?

Your answer will be different depending on what you’re looking for. A job in this area may be interesting to you if you are good with money and numbers and enjoy working with both. Working in finance has several advantages, such as competitive pay and a wide range of opportunities to match individual interests and skill sets. Additionally, this is a field with promising future expansion.

4 - How much money can you make with an MBA degree?

Specifically, what business administration discipline offers the most compensation for MBA graduates? Computer and information systems management and human resources management are some of the best-paid management positions connected to MBA majors, as reported by the BLS.

5 - Do you know if the financial sector is a good place to work?

The financial sector was home to around 500,000 open positions, as the Bureau of Labor Statistics reported. Investment banking and other financial organizations’ positions range from entry-level to executive.

6 - Does it take a lot of work to get an MBA with a degree in finance?

The MBA in Finance curriculum is just as demanding as any other. However, some students may find it more challenging than other concentrations because of the increased emphasis on mathematical and statistical skills.

7 - Is there a lot of math required in financial dealings?

Mental arithmetic (“quick math”), algebra, trigonometry, statistics, and probability are some of the most important math-related abilities in the financial sector. Most professions in the financial sector only require basic competency in these areas. Thus it’s important to learn them.

8 - Is working in financial services a secure profession?

Yes, in most cases. While banks and brokerages are notorious for laying off many employees during economic downturns, individuals with relevant financial abilities are in great demand. They are thus unlikely to stay unemployed for long.

9 - Are there more opportunities in the financial sector?

Job opportunities for financial analysts are expected to increase by 9 percent between 2021 and 2031, which is quicker than the average for all occupations. Over the next decade, the need for financial analysts is expected to create an average of 32,000 new jobs annually.

10 - Is it tough to get into a finance program?

The study of finance may be challenging. It’s more challenging than other liberal arts disciplines, like history and philosophy, but easier than STEM fields of study.


The financial sector offers a wide range of job opportunities. Gaining practical experience in a potential professional sector is the greatest approach to figuring out what you truly enjoy doing for a living. Gaining relevant technical skills in finance through internships or training might help your career prospects.

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