The field of finance and consumer services is one that is always growing and has a lot of job growth opportunities. The Bureau of Labor Statistics (BLS) predicts that the finance and consumer services industry will grow by 17% between 2012 and 2022. This is much faster than the average rate of growth for all jobs. Some of the most common jobs in the consumer finance industry are listed below:
- Analyst of finances
A credit analyst is someone who works with money.
There are also jobs in consumer finance that are not usually thought of as being in the financial field, like payroll and accounting. There are a lot of job opportunities for people who want to work in this field.
What Does Consumer Services Mean in Finance?
In finance, consumer services are the different jobs and tasks that financial advisors and other professionals in the field have to do to help their clients. This means helping people with everything from budgeting and investing to getting a mortgage or finding the right credit card.
There are a lot of job openings for customer service reps in the finance industry, and you can find them on Indeed.com. The Bureau of Labor Statistics (BLS) predicts that jobs in finance related to consumer services will grow by 11% from 2016 to 2026, making it one of the fastest-growing jobs. So, people with experience in this field can expect to have a good career path.
Jobs In Finance That Pay The Most
There are many jobs in finance that pay well. In 2018, Indeed.com salary data showed that the top five highest-paying finance jobs were analyst, vice president of financial planning and analysis, investment banker, controller, and chief financial officer. All of these jobs require a Bachelor’s degree in business or accounting, as well as experience analyzing finances and making investments.
In addition to the five highest-paying finance jobs, 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 jobs also require an MBA or a Master’s degree in business administration or accounting.
The Future Of Jobs In The Financial Consumer Services Sector
Over the next ten years, the financial consumer services industry is expected to shrink by 2%. This is because the population is getting older and fewer people are willing or able to work in this field. But this is not all there is to know about jobs in the finance and consumer services industry. There are also a number of other things that will affect growth, such as changes in technology and how people act.
In terms of sheer numbers, around 11 million people work in the finance and consumer services industry around the world. As the population ages, this number is likely to go down, but it will still be a big job market. In this field, there are also chances to grow through self-employment and owning a small business. The biggest challenge for financiers in this field is keeping up with changing customer needs. This can be hard, but in the long run, it helps businesses do better.
Is It A Good Idea To Work In Finance And Consumer Services?
Finance consumer services is a growing field that gives people many chances to grow and be happy in their jobs. The Bureau of Labor Statistics says that between 2016 and 2026, consumer finance services are expected to grow by about 19%. This means that there are a lot of jobs in this field.
Depending on their experience and qualifications, people who work in finance and consumer services can make a good salary. PayScale.com said that the median annual salary for a financial planner in May 2017 was $92,980. With opportunities for continuing education and getting certified, salaries could go even higher.
One of the best things about working in finance consumer services is that it gives you a stable and more satisfying job. People who work in this field often have access to cool new technologies and can work with clients from many different industries.
What Are The Most Important Skills You’ll Need To Do Well?
If you want to work with money for a living in finance, customer service, or any other field, you’ll need to learn some important skills. Here are the most important five:
- Financial literacy. This includes knowing how to invest and spend money wisely, understand loans and credit terms, and manage your money well overall.
- Compassionate communication. You’ll need to be able to talk to clients, coworkers, and bosses in a clear way. This means being able to listen well, respecting the opinions of others, and coming up with solutions that work for everyone.
- Problem-solving skills. If you need to solve a problem quickly, you’ll need to be able to come up with a plan and put it into action.
- Time management skills. If you want to do well in finance or any other field that requires a lot of time, like customer service or sales, you need to be good at managing your time. It’s important to be able to rank tasks and stay on track.
- Organised mindset. To stay on track when you’re working long hours or have a busy schedule, it’s important to have a structured way of living with clear goals from the start.
People are looking for ways to make money because the economy is still going down. Getting a job in the finance and consumer services industry is a popular way to go. This article gives an overview of what this kind of job entails and how many positions are open right now.
Finance services for consumers Most jobs involve working with people and families who are trying to manage their money or get ahead financially. In these jobs, you might deal with bank and credit card accounts, give advice on investing, or help customers solve money problems.
With the way the economy is right now, there are a lot of jobs in finance and consumer services. But because there are so many people who want these jobs, competition can be tough. Those who want to find a job in this field should start by looking into the different options available to them. Also, make sure to show potential employers their skills and abilities in a portfolio to increase their chances of getting an interview.