6 Most In-Demand Jobs in Accounting & Finance

As we forge our way through 2021, hiring in accounting and finance is back in full swing after a remarkably trying 2020 for virtually every industry.

In this blog, we compile some of the most in-demand roles we’re seeing across the financial services industry:

Financial Manager 

The main priority of a financial manager is ensuring the steady and fiscally responsible ground of an organization. 

Typically, employees in this role work alongside department heads and other leadership, analyzing financial data. They’ll also make reports that contain recommendations. 

Financial managers come in different forms with unique focuses (e.g., risk, insurance, credit).

The unemployment rate in this field is only 1.4%, while the median salary is $127,990.

What Qualifications Are Required for this Role? 

  •     Bachelor’s degree in finance, accounting, economics, or business administration.
  •     Master’s degrees are often preferable.

 

Financial Advisor

The financial advisor role is rooted in one-on-one interactions with clients, helping them manage their money. Involved in such services are investment recommendations, establishing long-term goals (e.g., retirement, college), and performance tracking. Some in this field also review insurance needs and provide tax advice.

A 0.9% unemployment rate and $88,890 median salary show that this is a lucrative and busy career. 25% of financial advisors are self-employed. And over 50% work in the securities and investment sector.

What Qualifications Are Required for this Role? 

  •     Bachelor’s degree is suggested.
  •     State licensing is often required.
  •     Certified Financial Planner designation would help bolster your career.

 

Accountant 

Accountants record transactions and ensure that financial statements are 100% accurate. Beyond keeping a business’s books, they might also provide data analysis, relevant recommendations, and tax filing.

This role – which is viewed as ideal for work-life balance – has a 1.8% unemployment rate and a median salary of $70,500.

What Qualifications Are Required for this Role?

  •     Four-year accounting degree.
  •     Certified Public Accountants (CPAs) earn more and are open to further opportunities:

    This requires further education and a strenuous exam.

 

Financial Lawyer 

Attorneys come in many forms and have their own unique focuses. While many seek the limelight of criminal justice, others focus on more lucrative pursuits like finance. 

One example is how corporations and individuals hire tax lawyers to ensure strict adherence to tax laws. Alternatively, securities lawyers focus on buying and selling stocks. 

With an unemployment rate of 0.9% and a median salary of $120,910, organizations are hard-pressed to hire a new financial lawyer should there be a newly open position. 

What Qualifications Are Required for this Role?

  •     Juris Doctor degree:

    This requires around 7 years combined in undergraduate studies and law school.

  •     Passing the bar exam.

 

Actuary

Actuaries analyze data to figure out the risks connected to given decisions. With that said, it’s unsurprising to learn that this is a role rooted in math and statistics.

The most common opportunities in this career are found in the finance and insurance spaces. Often, actuaries are responsible for calculating whether someone should be approved for liability coverage and how much they’ll pay.

It’s been projected that actuary jobs should increase 18% in 2029 compared to 2019. In a time where insurance and financial companies deal with increasing risks, it’s no wonder they’re willing to pay the median $102,880 for professionals in this field. 

What Qualifications Are Required for this Role?

 

  •     Bachelor’s degree in actuarial science, mathematics, or statistics.
  •     Professional certification from either the Society of Actuaries or the Casualty Actuarial Society.

 

Cost Estimator 

Trade contractors, construction companies, and manufacturers are all typically seeking out cost estimators. The role entails determining the price of various business expenditures. For instance, these industries need someone to determine the dollar amount of production costs for a new product. Or they might need to suss out the construction expenses of a building. 

The unemployment rate for cost estimators is a mere 1.7%, and the median salary is $60,040. It’s a career that presents plenty of growth opportunities. 

What Qualifications Are Required for this Role?

  •     Bachelor’s degree is recommended.

 

Qualified talent for in-demand jobs in the financial services industry is often already employed (highlighted by the low unemployment rates), so finding top-performing recruits in this lucrative space is challenging.

Contact US Tech Solutions to access a diverse pool of excellent candidates in the financial services space.