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Financial Service Sector's Growth Expected to Continue



By Catherine Groux
Posted January 16, 2013 06:00 PM

With the right background and education, individuals can be a part of the financial services sector.
With the right background and education, individuals can be a part of the financial services sector.

Even as the country slowly moves of out the recession, jobs for financial advisers continue to grow, according to both federal projections and predictions from industry insiders.

For example, Inc. magazine's annual list in 2012 of the nation's fastest-growing companies - which takes into account how much revenue they have generated - listed six businesses in the financial services sector as among the top 20 businesses, highlighting the extensive growth of this field.

Individuals who want to land a job in this booming sector have many options, depending on their background and education. For example, with a bachelor's degree, people can work as personal financial advisers. These professionals give their clients financial advice, helping them with everything from insurance to investments. As the financial services sector continues to thrive, jobs for personal financial advisers are rapidly growing. According to the U.S. Bureau of Labor Statistics (BLS), the number of positions for these professionals will increase by 32% through 2020.

With an associate's degree and the proper licensure, individuals can also become insurance sales agents. These professionals sell one or more types of insurance, and like personal financial advisers, the demand for them is high. The BLS reports that the number of jobs for insurance sales agents will rise by 22% through 2020.

Other positions in the fast-growing financial services sector include budget analyst, financial manager and insurance underwriter. 

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