5 Hot Accounting Jobs For The Decade 2010-2020
According to the US Bureau of Labour, employment in business and financial occupations is estimated to grow by 17% in 2010-20, ensuring the availability of 1.2 million jobs. Additionally, with the increase in financial set of conventions, the need for better accountability is greater than ever before which has increased the demand for accountants and auditors. In the coming years, 30% of the jobs will be from these two occupations.
Here are the top 5 hot accounting jobs for this decade:
- Personal Financial Advisors
- Financial Examiners
- Financial Analysts
- Management Analysts
- Forensic Accountant
Personal financial advisors offer monetary recommendations to people, assisting with investments, taxes, and insurance decisions. Personal financial advisors mostly work in the finance and insurance industry or are freelancers. A Degree in Finance or Accounting, along with courses in Investments, Taxes, and Risk Management are also helpful. As a large number of men reach their retirement age and need personal financial planning consultants, employment of personal financial advisors in US is expected to grow to 32%.
Median annual wage: $64,750
Conformity to laws governing financial institutions and financial transactions are provided by Financial examiners. They scrutinize financial statements, assess the level of risk for loans and evaluate the management of the bank. Most financial examiners worked full-time in finance and insurance sector. Financial auditors generally require abachelor’s degree that includes some accounting courses. New rules may create a need for new examiners to 27%.
Median annual wage: $74,940
Financial analysts offer guidance to businesses and individuals to make investment decisions. Evaluation of the performance of stocks, bonds and investments are also done by them. Usually, a Bachelor’s Degree in Accounting or Business Administration is required. Financial analyst jobs are expected to grow 23 percent in the coming years.The increase in the growth of financial products requires a thorough understanding of the geographical areas which should lead to strong employment growth.
Median annual wage: $74,350
Management analysts suggest better ways for the effectiveness of an organization by suggesting managers on how your organization can become more cost-effective by reducing expenditure and increasing returns. Most analysts managers have at least a bachelor’s degree. You can improve your employment opportunities by becoming a Certified Management Consultant (CMC). Employment in this field is expected to grow 22 percent. Demand for the services of these workers will increase as firms continue to find ways to improve efficiency and cost control.
Median annual wage: $78,160
Forensic is the hottest and the latest job in the accounting world of today! There is a growing demand for assessment services in accounting. Forensic accountants should have a bachelor’s degree in any field along with 24 hours of accounting.They earn between $30,000 and $60,000 per year, while experienced professionals earn $150,000 per year or more.
Median annual wage: $74,000
There are a variety of other jobs in the field of accounting, in addition to these, which are expected to increase a major amount of employment opportunities for accounting degree holders in the next 8 years.