If you are curious about career opportunities in the finance industry you’re not alone. One of the most common questions for job seekers interested in finance is: how many jobs are available in finance? I remember grappling with this exact question early in my career. Like many, I wanted a role that combined stability, growth, and a good paycheck. The good news? The finance world offers all that and more.
In this article, we’ll explore the abundance of finance roles, industry trends, and the skills you need to land your dream job. Whether you’re just starting or considering a career switch, there’s plenty to discover.
Are Finance Jobs in Demand?
Let’s address the elephant in the room: Are finance jobs in demand? Absolutely. Finance isn’t just thriving—it’s booming.
According to the U.S. Bureau of Labor Statistics, financial analyst roles in the U.S. are expected to grow by 9% from 2023 to 2033. This is faster than the national average for job growth. In addition, personal financial advisor roles are projected to grow by an impressive 13% in the same period.
Why Is Finance Growing?
Several factors contribute to the consistent growth of finance jobs:
- Globalization: As businesses expand globally, there’s a greater need for financial oversight and risk management.
- Technology Advancements: Fintech, blockchain, and AI are reshaping the industry, creating jobs in niche areas like cryptocurrency analysis and automated trading systems.
- Regulatory Needs: Governments worldwide are implementing stricter financial regulations, increasing the demand for compliance and risk management professionals.
The finance sector isn’t just growing—it’s evolving. With new trends emerging, opportunities for skilled professionals are on the rise.
How Many Jobs Are Available in Finance?
The big question: How many jobs are available in finance? The answer is a resounding “a lot.”
Every industry—tech, healthcare, retail, and beyond—relies on finance professionals. In fact, a company without a finance department is like a ship without a captain. After all, someone must manage budgets, analyze risks, and, most importantly, plan for the future.
Breaking It Down
In 2023, the finance and insurance sector in the U.S. employed nearly 7.6 million professionals. Specifically, roles ranged from analysts to CFOs, spanning diverse specializations. Moreover, globally, millions more are carving out successful careers in finance, which, in turn, makes this field a powerhouse of opportunity.
Beyond Traditional Roles
The finance industry offers much more than just traditional banking jobs. Consider these booming areas:
- Fintech Startups: Companies like PayPal and Robinhood are changing how we handle money, creating roles in digital payment systems and app development.
- Green Finance: With the focus on sustainability, green bonds and ESG (Environmental, Social, and Governance) investment are on the rise.
- Risk Management: As markets grow complex, the need for risk managers is greater than ever.
Top Careers in Finance
Now that you know how many jobs are available in finance, let’s dive into the roles.
Popular Jobs in Finance
Here are some of the top positions:
- Financial Analyst: Analyze data and guide investment decisions. Specifically, you’ll work with numbers, market trends, and performance metrics.
- Investment Banker: Facilitate mergers, acquisitions, and IPOs. Consequently, it’s a high-stakes, high-reward career with long hours and big paychecks.
- Accountant: Keep track of financial records and ensure compliance. In fact, it’s a versatile role that’s needed in every industry.
- Portfolio Manager: Help clients grow their wealth strategically. Moreover, you’ll need strong analytical skills and a knack for forecasting.
- Credit Risk Manager: Evaluate the risk of lending money or credit. With lending on the rise, this is a critical role.
Which Role Fits You?
Choosing the right career depends on your skills and interests. For instance, if you love analyzing numbers, financial analysis might be your calling. On the other hand, if you’re interested in high-stakes decision-making, investment banking could be a perfect fit.
How Much Do Finance Jobs Pay?
Let’s talk money—because that’s why most of us are drawn to finance in the first place.
Salaries to Expect
Finance jobs are among the highest paying in any industry. For instance, a financial analyst in the U.S. earns a median salary of $99,890 per year. As for investment bankers, their starting salaries often exceed $90,000, with bonuses pushing total compensation well into six figures.
Moreover, for leadership roles like Chief Financial Officer (CFO), the sky’s the limit. In fact, average salaries for CFOs range between $240,000 and $450,000.
Here’s an example of how the table might look:
| Job Title | Average Salary (USD) | Description |
| Financial Analyst | $99,890 | Analyze market trends, financial data, and investment opportunities to guide business decisions. |
| Investment Banker | $90,000+ | Manage mergers, acquisitions, IPOs, and other high-value financial transactions. |
| Accountant | $78,000–$132,690 | Prepare financial records, ensure compliance, and oversee budgets. |
| Portfolio Manager | $99,000–$167,000 | Develop and manage investment portfolios to maximize client returns. |
| Chief Financial Officer | $240,000–$450,000 | Oversee an organization’s financial operations, strategy, and risk management. |
| Risk Manager | $100,000–$125,000 | Identify and mitigate financial risks to protect company assets and investments. |
| Personal Financial Advisor | $80,000–$148,000 | Help individuals manage finances, investments, and retirement planning. |
Beyond the Numbers
Compensation in finance isn’t limited to base salaries. Bonuses, profit-sharing, and stock options often make up a significant portion of earnings. For instance, investment bankers might earn bonuses equal to their base salary or more.
The Impact of Technology on Finance Jobs
Worried about AI taking over? Don’t be. While automation is transforming tasks, it isn’t replacing finance jobs.
Finance involves decision-making, ethics, and strategy—areas where human judgment prevails. Additionally, the regulatory nature of finance ensures a continued need for skilled professionals.
For instance, while AI can analyze data faster, it can’t replace the interpersonal skills required for client management or the strategic thinking needed for financial planning.
Tips to Land a Finance Job
So, you know how many jobs are available in finance, but how do you get one? Landing a finance job requires preparation, skill development, and strategic networking.
Build the Right Skills
Start with these:
- Financial Modeling: Learn how to create and interpret models. It’s a must for roles like financial analyst and investment banker. This skill enables you to analyze data effectively and make informed financial recommendations. Online platforms like Coursera or Udemy offer beginner to advanced courses.
- Excel Proficiency: A must-have for any finance role. Advanced functions like VLOOKUP, PivotTables, and macros are non-negotiable. These tools help streamline financial analysis and reporting, making you an indispensable team member.
- Certifications: Consider a CFA or CPA to stand out. These certifications are industry gold standards and can significantly boost your earning potential. The CFA focuses on investment management, while the CPA is tailored for accounting roles. Choose one based on your career goals.
Network, Network, Network
Attend finance events, connect on LinkedIn, and join industry forums. Building a professional network is crucial for discovering hidden job opportunities and gaining referrals. Many jobs in finance are filled through recommendations rather than job boards. Participating in networking events or joining alumni groups can open doors to mentorships and internships. Remember, it’s not just what you know—it’s who you know.
Is It Hard to Get a Finance Job?
Breaking into finance can be challenging, but it’s far from impossible. Dedication, preparation, and persistence are key. The industry is competitive, but with the right approach, you can stand out from the crowd.
For starters, internships are your best friend. First and foremost, they offer hands-on experience, which exposes you to industry workflows and often leads to full-time roles. Moreover, employers value candidates who have demonstrated a willingness to learn in real-world environments. Therefore, don’t hesitate to apply to multiple opportunities, even at smaller firms, as this will help you gain that invaluable experience.
Additionally, brushing up on interview skills and staying updated on industry trends can give you an edge. Research common questions for finance roles and practice articulating your answers clearly and confidently. It’s equally important to showcase your understanding of the latest developments in fintech, investment strategies, or regulatory changes. Employers appreciate candidates who stay informed and are genuinely passionate about the industry.
What’s Next?
If you’re excited by how many jobs are available in finance, now is the perfect time to take the next step. In fact, the journey begins with action. Start by identifying your interests—do you enjoy analyzing numbers, working with people, or strategizing big-picture plans? Once you’ve done this, consider enrolling in a specialized finance program or pursuing certifications like the CFA, CPA, or CFP.
Moreover, beyond education, gaining hands-on experience is invaluable. Internships, freelance projects, or even part-time roles can provide a deeper understanding of the field. In addition, networking is another crucial step—connect with industry professionals on LinkedIn, attend finance seminars, and join local meetups.
Lastly, stay informed. The finance world evolves quickly, and keeping up with trends in fintech, AI, and market regulations can give you a competitive edge. The finance industry is vast, dynamic, and full of opportunities. Therefore, with preparation and persistence, your dream job in finance is closer than you think!