How many jobs are available in finance consumer services

How many jobs are available in finance consumer services

The consumer services labor market is continually evolving. However, as of 2020, there were more than 2.9 million jobs in the field, according to the U.S. Bureau of Labor Statistics (BLS). Over the following ten years, it is anticipated that this figure will not vary significantly. Therefore, there should be many opportunities in the future for those who are interested in a career in consumer services.

Customer service agents and retail salespeople are the two most prevalent vocations in the field, according to the Bureau of Labor Statistics. These two professions account for more than 6.9 million jobs in total. Cashiers, office staff, and marketing research analysts are some other typical positions in the consumer services industry. So, if you’re looking for work in the consumer services industry, you have a wide range of alternatives.

One of the sectors with the strongest growth in the US is the financial consumer services sector, which is predicted to continue rising over the next several years. For individuals with the necessary abilities and training, this implies that there are several opportunities.

How many positions are open in the financial and consumer services sectors?

The financial consumer services sector has several prospects for career advancement and is expanding quickly. The financial consumer services sector will expand by 17% between 2012 and 2022, substantially faster than the average for all jobs, predicts the Bureau of Labor Statistics (BLS). Here are a few of the most typical jobs in the finance and consumer services industries:

-Credit analyst
-Credit reporting
-Credit counseling
-Credit rating
-Investment banking
-Personal financial advisor
-PricewaterhouseCoopers
-Securities and investment brokerages
– Wealth management

Definition of Consumer Service in Finance

The variety of activities, goods, and services that offer customers financial goods and services are referred to as consumer services in the finance industry. These might range from mortgage guidance to credit counseling.

Consumer services in finance primarily serve to inform customers about their financial issues and to supply them with the goods and services they require to maximize their financial resources.

Additionally, consumer financial services can have a significant impact on raising consumer financial literacy. This entails educating children on the fundamentals of money management, such as how to save aside money for the future, manage debt, and make prudent financial investments.

Finally, consumer services in the financial industry can contribute to ensuring that clients are treated properly when dealing with financial institutions and other companies in the industry. This involves ensuring that advertisements for goods and services are truthful, that consumers have access to correct information about goods and services, and that they may promptly and easily resolve any concerns they may have.

Consumer financial services generally assist customers in managing their finances and making the most of their money.

Over 1.5 million people are employed in the financial consumer services sector, which is expected to expand at a 6% annual rate until 2024. The industry is expected to experience faster job growth than any other area of the economy.

Working in financial institutions, as a financial planner or advisor, or in the marketing or advertising fields are just a few of the career choices available in the finance consumer services sector. Additionally, you can work as a wealth management professional, mortgage loan officer, or credit analyst.

Whatever your professional aspirations, there is probably a position in finance consumer services that is ideal for you. Browse our job ads to get started on your search today, then set up interviews with prospective companies.

Is a Career in Finance or Consumer Services a Good Choice?

If you enjoy interacting with people and have a solid grasp of finance, finance consumer services is an excellent career path for you. As the sector expands swiftly, there are many openings for employment as a financial advisor, credit counselor, or personal finance specialist. Although the income may be less than in other fields, careers in banking and consumer services offer flexibility and room for advancement.

Finance positions paying the most

There are many well-paid finance positions available worldwide. According to Forbes, the following 5 financial positions pay the most:

1. Chief Financial Officer (CFO) – The average CFO salary is $183,600.
2. Investment Banker – The average investment banker salary is $180,000.
3. Corporate Finance Manager – The average corporate finance manager salary is $167,400.
4. Portfolio Manager – The average portfolio manager salary is $158,100.
5. Vice President, Finance – The average vice president, finance salary is $155,000

There are lots of well-paying employment available in the financial consumer services sector. Jobs in this industry can earn up to $100,000 annually. Financial controller, credit analyst, and financial analyst are a few of the finance positions with the highest salaries.

Employment prospects in the financial consumer services sector

Through 2020, the financial consumer services sector’s employment prognosis is anticipated to be favorable due to the sector’s ongoing expansion and growth. The Bureau of Labor Statistics (BLS) predicts that from 2016 to 2020, employment in this industry will increase by roughly 2%. This is partially attributable to a rise in the number of consumers who can benefit from financial products and services as well as an increase in the number of businesses that provide these goods and services.

Human resources managers, marketing executives, and financial analysts are just a few of the positions that are available in the financial consumer services sector. These positions often entail managing a business or division that delivers customer services.

In the financial consumer services sector, a range of positions is open, including those for human resources managers, marketing executives, and financial analysts. These positions often entail managing the day-to-day operations of an organization or division that offers services and products for consumer finance, including investment advising, credit counseling, and mortgage assistance.

A business or finance degree is necessary if you are interested in working in this field. However, a college degree is not always necessary for entry-level jobs. Before pursuing a career in finance, you can also obtain expertise in this industry by working as a sales or customer service representative for a small business.

What Key Competencies Will You Require To Succeed?

You’ll need to have a few key abilities in order to succeed, such as:

-Adaptability
-Communication
-Critical thinking
-Organizational skills
-Problem solving-Self-motivation

You need to be proficient in arithmetic, banking, and business to find a career in the finance industry. Additionally, you should feel at ease working in a group and be able to follow instructions.

Want to work in the financial industry? See our list of necessary abilities!

Conclusion

In conclusion, there is a lot of employment in the financial consumer services sector for those who are interested in working in this business. Jobs in the fields of finance and consumer services range greatly, and those who meet the necessary requirements can locate the ideal employment.

Make sure to look into all of the numerous job opportunities if you’re interested in working in the financial and consumer services sector. Additionally, as many positions in this industry require these abilities, be ready to have a solid background in accounting and financial planning. Last but not least, be aware of the prerequisites for any position you are interested in applying for, as some may require a certification or experience that you do not possess.

Next Topic: We will mention: What jobs are available in consumer services? In the next article.

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How many jobs are available in finance consumer services

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