Despite rapid changes in technology and various industries being affected as a result, employment across all industries is expected to rise by 10.6 percent during the 2010-2020 decade.
While there has been a considerable amount of focus on the expected growth in the technology sector, careers in finance are also poised for significant change. In fact, as the corporate industry adapts to multiple changes and more individuals pursue entrepreneurship, careers in finance may continue to be quite lucrative.
What are the trends telling us about careers in finance?
There will be more demand for personal financial advisors
Millions of people all over the world will need competent advice about how to manage their investments and pensions. As fewer companies are offering this service to departing workers, people are required to be more proactive in handling their finances.
Trends indicate that more people need advice, as finance and investing are becoming more complex and global.
There will be more financial analysts required for businesses
The demand for financial analysts is expected to grow. More people will need help in terms of navigating the sea of ever-changing and increasingly complex financial products and services.
There will be a continued demand for bookkeeping, accounting and auditing clerks
Economic expansion and stricter regulations about financial reporting will lead to more job opportunities for bookkeeping, accounting and auditing clerks. In addition to this, there is now more pressure on financial companies to embrace diversity in the workplace.
Increased reliance on technology
An analysis of trends in careers in finance shows that increasingly, more millennials are looking for more engagement from financial advisors and banks. This provides new avenues for individuals who want to establish or improve on their careers in finance.
According to Forbes:
“They want advisors to connect with them using online tools instead of face-to-face conversations.”