That the financial services industry is undergoing radical change is something everyone involved in the industry knows. But exactly what areas of the industry will be in the highest demand in the future? The top eight areas identified by the Bureau of Labor Statistics offer hope that the industry will continue to thrive, even after the challenges of the 2008 crisis and the ensuing Great Recession.
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The entire US economy is projected to experience 14% job growth between 2012 and 2020. Within the financial services industry, there are components which may lag overall economic growth. These are also areas that will experience the greatest growth in the financial services sector.
Of the eight listed, only financial managers are projected to earn annual six-figure incomes. Most are projected to earn between $50,000 and $75,000 with insurance sales agents projected to earn just under $47,000 annually. Insurance underwriters, budget analysts, financial analysts, personal financial advisors, financial services sales, and real estate brokers and sales round out the list.