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Banking & Finance
All banking and finance workers work with money directly. They may collect money for companies or the government. Others help customers get loans and others may work with insurance agencies. Workers in this field must be able to protect confidential information. A 40 hour week is standard although you may go over the 40 hours during certain times of the year. More flexible hours may be obtained by working at grocery or shopping locations. You should have some of the following skills:
- Economics and Finance
- Communications
- Accuracy
- Computer Skills
Job Outlook by mnCareers.org:
Banking and finance careers have a good outlook. A high amount of turnover means jobseekers find a large number of openings each year. Corporate scandals in the news have led businesses to hire more financial workers to oversee their finances. An unstable economy has also increased demand for financial analysts and planners to help businesses and individuals.
Technological advances impact banking. Tasks people used to do are now automated. Online and ATM banking allow people to bank 24 hours a day without a human teller. Transfers are easier with direct deposit. People can also access their accounts via their cell phones. Some financial services remain people-oriented. Customers still prefer to work one-on-one with accountants and financial analysts.
Accountants & Auditors: Analyze and inspect financial records of businesses and/or individuals. Employment currently: 23,310. Best Fits into Interest Profile: CEI (Click Here, to determine your interest profile).
Wages: Low End: $16.30 Mid Range: $23.70 High End: $38.20
Education: 4 Year Bachelor's Degree: A majority have degrees in business or accounting. Licensure is required to be a Certified Public Accountant.
Job Outlook: Very Good: National outlook is very good for this occupation.
Growth: 740 Openings per year.
Bank Tellers: Make transactions for banks between the bank and customers. Employment currently: 9,760. Best Fits into Interest Profile: CE (Click Here, to determine your interest profile).
Wages: Low End: $7.80 Mid Range: $9.90 High End: $12.60
Education: On-the-Job Training: Short term training is normal. Few may receive some sort of formal training.
Job Outlook: Fair: Lowered demand because of ATMs and Online banking, but there is a high turnover rate.
Growth: 480 Openings per year.
Financial Analysts: Collect and analyze financial information. Write reports and advise clients about investments. Employment currently: 3,150. Best Fits into Interest Profile: ICE (Click Here, to determine your interest profile).
Wages: Low End: $19.30 Mid Range: $29.10 High End: $54.20
Education: 4 Year Bachelor's Degree: Degrees in statistics, math, or economics are common.
Job Outlook: Very Good: Demand is directly tied to the economy.
Growth: 110 Openings per year.
Bookkeeping & Accounting Clerks: Record data to keep financial records complete. Employment currently: 38,580. Best Fits into Interest Profile: C (Click Here, to determine your interest profile).
Wages: Low End: $9.60 Mid Range: $14.20 High End: $20.00
Education: 1-2 Years: Most companies or firms require 1-2 years of college. Others may require only a diploma or GED.
Job Outlook: Fair: Automation has lowered the demand for accounting clerks.
Growth: 860 Openings per year.
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