Do you want to know how many Jobs are available in Finance Consumer Services or you want to know the best paying jobs under Finance.
Then this article have the right solution for you.
In this article we shall be discussing how many Jobs are available in Finance consumer services, the top paying jobs with their average annual salary.
Working in Finance Consumer can be professionally and financially rewarding.
According to the United States Bureau of Labor Statistics, it is estimated that the monetary enterprise now employs about 2,500,000 people under banking, allied industries and insurance.
That’s not all we have for you, keep reading…
How Many Jobs are Available in Finance Consumer Services Industry?
The Finance consumer services Industry is one of the rapidly growing decor with diverse employment opportunities for people who are looking for finance service jobs.
According to the Bureau of Labor Statistics (BLS), the finance consumer service industry is expected to grow by 17% from 2012 to 2022 much faster than the average for other career path.
By 2030, the finance purchaser enterprise will create more than 700,000 extra jobs.
Listed below are some of the best paying jobs available in Finance consumer services Industry and they are:
- Credit Analyst
- Credit Reporting
- Credit Counseling
- Credit Rating
- Investment Banking
- Personal Financial Advisor
- PricewaterhouseCoopers
- Securities and Investment Brokerages
- Wealth Management
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What is Finance Consumer Services?
A Finance Consumer Services in the financial sector is an initiative, carrier or product that provides monetary merchandise and opinions to customer or client.
These services embody individual loan assistance or savings counselling.
You’ll also be accountable for the provision of advices and analysis on funds management to your client’s.
Finance Consumer Services under Consumer Services assist consumers in the making of smart monetary choices and acquiring the products they require in order to scale their economic resources.
They also support consumers and clients in developing financial knowledge, for instance they analyze how to budget, deal with debt and make money Investment appropriately.
Without doubt, this Sector have a lot of employment opportunities in the financial industry.
Types Of Finance Consumer Services
To get a good grasp of Finance consumer Services, we shall help you Understand the different field types under Finance Consumer Services.
1. INSURANCE
Insurance agents under Finance Consumer Services assist clients in choosing the best insurance coverage they need. They assess a client’s risk factor and recommend the best protection policies
Insurance companies give you room to place risk on other’s for a token referred to as PREMIUM.
2. INVESTMENT BANKING
Investment Bankers are responsible for providing advice and analysis on investment.
They build relationships with customers and help with identifying opportunities, making newer recommendations and provide guidance on financial planning.
3. ACCOUNTING
Accountants manage the day-to-day financial records of a company or organisation and prepare tax returns.
They work with companies, individuals, businesses, governmental organisation in order to ensure compliance and financial regulations.
4. PERSONAL FINANCE PLANNING
Personal Finance Planner’s are responsible for assisting customers set and reach their business or financial goals.
They also create custom plans considering a client’s debts, income, expenses and investment portfolio.
5. BANKING
Bankers are responsible for giving customers access to make financial payments. The introduction of internet and mobile banking have further boost banking experiences.
6. LENDING
Lenders are responsible for the Provision of loans to individuals, businesses, companies and organisation.
They assess a borrower’s trustworthiness, creditworthiness and determine the terms and condition for the loan.
By 2022, the enterprise sector is forecasted to develop by 7%. In 2023, the area is expected to generate $8.6 billion in revenue.
Keep reading…
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Best Paying Jobs Available in Finance Consumer Services
Their are several employment opportunities available in Finance Consumer Services sector or career path but we shall be talking about the best paying jobs in Finance Consumer Services.
However in terms of professionalism and annual salary, listed below are the best paying jobs under Finance Consumer:
1. Financial Analyst: $95,570 per year; $45.95 per hour
A Financial Analyst is a professional who is responsible for the provision of informed guidance to organisation, companies or individuals on better business Investment decisions by analysing economic trends, the companies strategy and current business news.
Financial Analyst are mainly seen in banks, investment firms or insurance companies where they analyze Investment, market and economic trends.
According to Statistics from the United States Bureau of Labor Statistics, a Financial Analyst earns an average of $45.95 per hour or $95,570 annually.
2. Personal Finance Advisor: $73,560 to $89,295 per year
A Personal Finance Advisor is ab expert who is responsible for the Provision of financial advise and services to customers according to their needs.
Personal financial Advisors have the expertise and experience to deliver solutions focused to their customers’ needs, avoid costly errors, and mitigate risk, as well as offer a suite of services and products aligned with clients’ current and future goals.
They work in banks, insurance companies and investment companies whereby helping clients make their money.
If you’ve enthusiasm about interacting with people, then Personal Finance Advisor is a good choice for you.
To become a Professional Personal Finance Advisor, you need to obtain a degree in Accounting, Law, Business and Economics but employer’s tends to prefer those with Master’s Degree.
A Personal Finance Advisor is estimated to earn an annual salary of $73,570 to $89,295 according to Bureau of Labor Statistics.
3. Insurance Advisor: $83,540 per year
An Insurance Advisor also known as Financial Advisor is an expert who is responsible for providing financial advice to customers on retirement planning, investing and protecting against risk.
They complete a financial needs analysis with customers, which may include assets, liabilities, tax status, risk and insurance analysis.
They also analyze the risk factor a client is exposed to and suggest coverage or solution that will provide the better protection. It is essential to understand the insurance they offer and the laws and regulations governing them.
ALSO READ: Best Paying Jobs in Finance Consumer Services (With Salaries)
4. Financial Examiners: $81,410 per year
Looking for how many jobs are available in Finance Consumer Services, then Finance Examiner is for you.
Finance Examiners are professionals who are responsible for ensuring that companies, firms, organisation or businesses involved in handling financial transaction is complaint with the existing laws.
They ensure banks and other financial institution comply with the laws governing Financial and real estate transaction
5. Loan Officer: $80,000 per year
A Loan Officer or a Mortgage Loan Officer is a professional who is responsible for assisting customers research loans and find out the application, approval and closing processes.
Their job is to recommend commercial and personal loan options to clients and explaining their terms, determining risk for loaning to clients based on their credit and processing paperwork.
A Loan Officer mainly work with businesses, banks, credit unions, mortgage lenders, financial organisation and individuals to help them get financing from banks and other financial institution.
According to the U.S Bureau of Labor Statistics, a Loan Officer earns an average of $80,000 annually.
6. Accountant: $73,560 per year
An Accountant is an expert assist businesses makes critical financial decisions by collecting, tracking and correcting the company’s finances.
They are responsible for financial audits, reconciling bank statements and ensuring financial records are accurate on day-to-day basis.
An Accountant in the United States earns an average of $73,560 annually.
7. Investment Banker: $63,000 per year
An Investment Banker is a professional who is responsible for raising capital for corporation, government or other financial entities.
Investment Bankers work for banks and unbiased firms, advising clients on monetary planning.
They assist purchasers in identifying opportunities, making recommendations, and imparting monetary planning advice.
An Investment Banker earns an average of $63,000 per year.
8. Chief Financial Officer (CFO): $158,000 per year
One of the finest positions in the financial and consumer services sector is chief financial officer.
Even with less expertise, this career route can earn up to $158,000 annually. Budgets, accounting, and financial planning are all under the control of a CFO.
They also deal with the legal facets of commercial transactions like mergers and acquisitions.
The average annual compensation for a CFO is $158,000, though it can be higher based on your level of expertise and place within the business or organization where you work.
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Other High Paying Jobs Available in Finance Consumer Services
- Cost Estimator
- Claims Adjuster or Appraiser
- Fundraiser
- Labor Relation Specialist
- Supply Chain and Logistics Specialist
- Market Research Analyst
- Insurance Underwriters
- Budget Analyst
- Management Analyst
- Auditor
What jobs in finance are in demand?
Top 10 In-Demand Finance and Accounting Careers
- Accountant.
- Financial Analyst
- Financial Advisor.
- Management Analyst.
- Financial Manager.
- Budget Analyst.
- Auditor.
- Tax Accountant.
How much do experts in consumer services make?
The average annual wage for a professional in consumer services in the United States is $36,920.
Depending on experience, education, and region, salaries can range from $26,880 to $79,610 annually.
The average hourly wage for consumer services professionals in the highest ranks is $19, while the average hourly wage for those in the lowest jobs is $14.
The two most important aspects influencing a consumer services professional’s earning potential are education and experience.
Higher educated individuals typically make more money than those with merely a high school education.
Furthermore, those with more experience typically make more money than those who are just beginning out.
Additionally, location matters. Professionals in the consumer services sector typically make more money in large cities than they do in smaller cities or rural locations.
Additionally, employees at enterprises that cater to a large national or international clientele typically make more money than those who work for local companies.
Within the sector of consumer services, there are numerous job options. Some jobs, like contact center agents or customer service representatives, may pay comparatively little.
However, other jobs, like marketing manager or product development specialist, can pay well.
A strong education and several years of professional experience are the best ways to increase earning potential. Those who can do this will discover they have a lot ofopportunities to earn a good living as a consumer services professional.
Starting a career in consumer services: what to do next
You can start a career in consumer services in a number of different ways. While some people begin their careers in customer service, others can end up in marketing or sales.
There are many options accessible for people interested in pursuing a career in this industry, regardless of your background or experience.
Search for internships or entry-level jobs with organizations that interest you as one of the greatest methods to break into the consumer services industry.
You may be able to learn more about the field and acquire some useful experience as a result. You can also think about obtaining a degree or certificate in sales, marketing, or a comparable subject.
FREQUENTLY ASKED QUESTIONS (FAQ)
Which industry is best for finance jobs?
- Investment Banker
- Information Technology Auditor
- Compliance Analyst
- Financial Advisor
- Insurance Advisor
- Financial Analyst
- Senior Accountant
- Hedge Fund Manager
What are the 4 Career Pathways in finance?
The major four career path ways in the Finance Industry are banking and related services, business financial management, financial and investment planning and insurance services
How can I work in financial sector?
- Earn a Bachelor’s Degree
- Pursue an Internship
- Use a current employee Referral
- Take relevant courses
- Attend a career fair
- Paid up with a mentor
- Start in an entry-level position
- Build the skill section of your review
That is all we have for “How Many Jobs are Available in Finance Consumer Services“
You can also read: Is Finance Consumer Services A Good Career Path (85,570)?
