In a changing job market, the jobs in demand last year are slated to become obsolete in the near future. Programmers, for example, may see their skill sets become obsolete just a few years after graduation without continual education. Finance is more stable, though economic demands, tax laws, regulations and business practices are still changing. Let’s look at the six hottest jobs in finance for 2017.
The job of loan officer has shifted over time to more online applications and fewer printed ones, but overall employment for loan officers is expected to grow 8% through 2024. Automation of loan approvals hasn’t eliminated the human element, such as advising people about which loan is best for them and soliciting new business.
Fundraisers raise money for charities, non-governmental organizations, political campaigns and schools. Crowdfunding hasn’t eliminated the need for fundraisers. Instead, it has democratized the job so that a fundraiser works not for not just one startup company, but jumps from small project to small project instead.
Accountants may be public accountants, internal accountants or tax accountants. Accountants may keep the books for a small business or create financial reports for a large company. Accountants are responsible for preparing taxes. They may perform audits for the government or audit a company’s financial records to identify potential fraud and waste. A business, math or finance degree is a minimum to work in this field. You’ll earn more money if you become a Certified Public Accountant or earn an accredited masters in taxation online. You can earn a tax degree online and stand out against your peers when applying for a job as a tax preparer or tax planner. Demand for accountants is expected to grow by 11% by 2024.
Statisticians collect data and analyze it to understand the relationships between factors and make long term projections. Statisticians work in public safety, healthcare, sports, and for the government. Demand for statisticians is increasing in the computing world, medical field and social sciences.
Financial advisors counsel clients regarding their finances. Some financial advisors have a masters in taxation online and give clients pro-active advice to reduce their future taxes in the next fiscal year or minimize estate taxes upon their death. The sheer complexity of tax law, family law, tax-advantaged investment vehicles and financial regulations force financial advisors to be constantly learning. Conversely, the seemingly insurmountable complexity of shifting rules and regulations is why demand for financial advisors is expected to grow 30% by 2024.
Operations Research Analyst
Operations research analysts develop mathematical models. Operations research experts are the people who schedule all of the flights for an airline, maximize products flowing through a production line for minimal cost, and organize all of the logistics for shipping companies. Demand for operations research analysts is expected to grow 30% by 2024.
Two of the hottest jobs in finance for 2017 are loan officers with banks and credit unions and fundraisers who help small businesses and entrepreneurs raise capital when they can’t get a loan from those institutions. Accountants remain in steady demand, while financial planners, statisticians and operations research analysts should experience expanding demand for their skill sets.