Growth and Competition
With that being the case, the quantity and quality of financial vacancies are almost always on the excellent side. According to the U.S. Department of Labor, employment growth for financial managers and staff is expected to grow by 8 percent in the decade from 2008 to 2018, which translates to approximately 41,000 more financial job opportunities within the time period.
It must be emphasized, however, that the competition for financial job openings is very keen for various reasons. For one thing, the number of financial positions being offered cannot keep up with the individuals willing to apply for said financial employment vacancies partly because of the recession. For another thing, applicants are expected to possess higher qualifications than the usual bachelor's degree in related fields like economics. In fact, even entry-level paying positions can require a certain number of years' experience in an internship capacity.
With that being the case, it is for the advantage of the applicant to work toward the acquisition of the necessary professional qualifications and personal traits in successfully competing for financial vacancies. By the way, financial job opportunities can be found through job adverts in print and broadcast media as well as through online job listings.
Prospective employers include commercial and thrift banks, savings and loans associations, finance and mortgage companies, credit cooperatives and unions, government agencies and instrumentalities and, to a lesser extent, virtually all for-profit and non-profit organizations. Keep in mind that the modern economy operates around money, which every organization will require competent management in, thus, the financial positions in the company.
Work on Professional Qualifications
To be able to have a chance at success in the numerous financial job openings, the individual must work on the professional qualifications required by the positions. However, these qualifications do not start and end with the acquisition of a bachelor's degree in related fields like, economics, accountancy and business management. In fact, it is only the minimum academic preparation required of applicants for financial employment vacancies in many organizations since employers now prefer professionals with higher academic achievements like a master's degree especially for supervisory positions.
Depending on the financial vacancies being offered, the applicant will also be required to possess a license to practice in a specific profession or a certification attesting to competence in the profession. For example, internal auditors are required to be licensed certified public accountants (CPA) while financial planners possessing certification from the Certified Financial Planner Board of Standards, Inc. have better financial job opportunities. Even entry-level positions will require said licenses or certifications before the applicant can be considered for the jobs.
Experience is also important in landing jobs in the financial services sector. It is an assurance for prospective employers that the applicant has acquired the necessary theoretical and practical knowledge, skills and capacities to perform the duties, functions and the responsibilities of the job. The minimum number of years' experience will vary depending on the sector, the company and the job itself.
Finance professionals are also expected to undertake a life-long commitment to continuing education. This is to enable the professional to cope with the growing complexity of the modern economy. Opportunities for professional growth can be offered by in-house training as well as by going back to school and securing additional certifications.
Indeed, financial job opportunities come to the professionals who continually seek to improve on their skills, knowledge and capacities.
Work on Personal Traits
In the course of gaining work experience, the professional should be able to develop essential personality traits. These personal qualities include excellent interpersonal skills, creative problem solving skills, and communication skills. All finance-related positions like cash and credit managers, controllers and treasurers, risk and insurance managers, accountants and auditors and banking managers, to name a few possible jobs, should be able to deal with both people and numbers, plain and simple. Keep in mind that it is people who move numbers, who use money and who manage investments.
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