Categories: Industries

For The Love Of Money: Financial Services Careers For Millennials

The financial services sector took a giant hit in the last recession. But like cockroaches and Keith Richards, it keeps coming back. If you’re young and have a finance degree, you are almost certainly looking for a new job. In fact, in a recent survey, 48% of millennials in financial services were actively looking for new opportunities. So whether you’re looking for your first job or a new one, here are ten of the top career financial services options for millennials.

Top 10 Financial Services Options For Millennials

10. Insurance Underwriter

There are well over one hundred thousand insurance underwriters in the U.S. With global warming and pollution causing a spiraling amount of natural disasters, as well as a rapidly aging population, the need for this position will only increase.

9. Financial Manager

If you want to work for yourself, this is the gig for you. The primary growth in this sector will come from people who are self-employed, whose numbers are expected to grow by 20% through 2020.

8. Fund Manager

People who like playing with big bucks will want to head in this direction. You’ll be one of the top decision makers at a mutual fund. Just remember to play by the rules.

7. Budget Analyst

This is your way to do good by doing well. Budget analysts earn a media salary of $68K for helping government agencies and private companies figure out what’s going on with their finances.

6. Real Estate Broker

One of the top financial services options for millennials is to become a real estate broker. The barrier to entry is very low – usually just a course or two and a test. Jobs in this sector are expected to grow 11% through 2020.

5. Personal Financial Advisor

This is by far the fastest growing sector of financial services jobs. It’s only at the middle of the list because of the reasons. Basically, with the slow, painful death of private and public pensions, more and more people are going to need help figuring out if they can ever afford to stop working.

4. Venture Capital Professional

Venture Capitalists (VCs, sometimes wittily nicknamed “vulture capitalists”) work with small companies with the potential to grow quickly. This job is perfect for those people who love start-up culture but don’t know JAVA from Java Hut.

3. Public Accountant

One thing you quickly learn when you study finance is that most people have no idea how money works. Accountants will always be needed to audit records, prepare taxes, and generally help keep the boogeymen of the IRS far, far away.

2. Insurance Agent

There is a huge growth market for insurance agents. As health care needs grow, a variety of new insurance products will come about to meet new needs. You can earn a healthy living without a college degree – just be ready for some jokes

1. Financial Analyst

If you want the big bucks (a median salary of over $74K), thrive in competitive environments, and really, really love money, consider becoming a financial analyst. You’ll be the person telling clients what to do with their money. There will be over 30,000 new positions opening up over the next decade, so now’s a great time to get involved. Just be prepared to put in long hours – 50 to 70 hour workweeks are standard.

Shawn Setaro

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Shawn Setaro

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