Although the experts might disagree with him, renowned job information expert Laurence Shatkin, PhD, the man who wrote 250 Best-Paying Jobs, believes that managerial positions are the best finance jobs out there. He recently compiled his own list of the best entry-level finance jobs after studying statistics from the Census Bureau and the US Department of Labor on current average salaries and projections for future job growth and annual openings. Online finance degrees can help people break into many of these growing fields.
Financial Services Agent
Financial services sales agents are responsible for marketing services such as banking, cash management, CDs, deposit accounts, credit lines, loans, inventory financing, sales financing, investment services and mutual funds.
Their job is to solicit both individuals and businesses as potential clients and explain the available services to them. These employees are sometimes referred to as “relationship managers” or “private bankers” and they often specialize in managing all the financial affairs of a particular affluent client.
Next on Shatkin’s list is the economist. Economists are responsible for studying economics within the context of social sciences. They might also be involved in the study, development and application of economic theories and concepts and they are often expected to write recommendations about economic policy.
Within this industry, there are numerous sub-fields that focus on issues such as specific markets, philosophical theories, microeconomics, macroeconomics, the analysis of financial statements, statistics, econometrics, mathematical finance and others.
Actuaries are highly trained career professionals who are involved with the financial impact of risk and uncertainty. They provide expert opinions on a variety of financial security systems and concentrate on the mechanisms, mathematics and complexity of these systems. They evaluate the probability of certain events and quantify the possible outcomes in order to constrain potential financial losses.
Actuaries often work for insurance companies, where they are involved in calculating the probability and likely economic impact of events such as deaths, accidents and natural disasters. They help to develop risk profiles for certain groups of clients, enabling their employer to charge an appropriate insurance fee for each specific group.
There are many other finance careers out there, including financial managers, financial planners, financial accountants and entry-level positions such as clerks.
Online finance degrees are available from a wide variety of American higher education institutions and could be the perfect way to get started on a career path in this challenging and rewarding field. One of the biggest benefits of such a degree is that you can earn while you learn.