Wages aren't exactly growing quickly in the U.S., but for a number of top finance jobs, salaries are rising faster than in any other jobs in the country.
Despite the bland landscape for wages, there are some opportunities that show a lot of potential. One survey noted the percentage rise in salaries for in a variety of positions from 2014 to 2015, showing that many jobs still have strong growth possibilities. Hiring for finance and accounting professionals has proven fairly solid in the contemporary job market.
Many finance companies are offering competitive salaries to candidates in order to attract and retain the best talent. This strategy has led to a fast rise in the average salary for a number of positions. Below is a list of a few of the jobs that, according to research, saw substantial salary increases from 2014 to 2015:
"Hiring for finance and accounting professionals has proven fairly solid in the contemporary job market."
Financial analyst
Financial analysts can work with various clients, including individuals and businesses. Those who work in the corporate world - especially in higher positions, or those with more experience - are seeing their salaries rise faster than many other positions. These individuals typically study the performance of stocks, bonds and other sorts of investments. Financial analysts' findings are then used to make business decisions going forward. This is a highly competitive field, that is expected to grow 16% between 2012 and 2022, a faster than average rate, according to the Bureau of Labor Statistics.
Controller
A controller is the head of a company's accounting department. These people are, typically, responsible for all accounting-related activities within an organization. Specifically, this person may be tasked with preparing financial statements, organizing the company's operating budgets, preparing various tax reports and processing corporate accounting and payroll activities. A controller is similar to a CFO, less-focused on business and strategy. This job is more about accounting than it is about planning the financial future of the business. While the BLS does not note the estimated growth rate for controllers, it sees general accounting jobs increasing 13% from 2012 to 2022.
Internal auditor
An internal auditor works closely with the same data that controllers and their teams do, to develop independent and objective evaluations of their organizations' financial and operational activities. Many larger companies have internal auditors to evaluate risk and ensure regulatory compliance. There audits help companies run efficiently. Like controllers, internal auditors aren't specifically profiled by the BLS, but, along with accounting jobs, in general, auditing jobs are also expected to grow around 13% from 2012 to 2022.
Compliance officer
With the economic recovery in effect and many of the country's largest - as well as a number of smaller - financial institutions subject to a constantly growing list of regulations, compliance officers are extremely important these days. These individuals offer objective views of their companies policies, and determine whether they can be improved or not. They also ensure that the organization sticks to industry, national and international standards. Large companies will even employ a chief compliance officer to control all aspects of compliance within the firm.
In addition to evaluating policies, higher ranking compliance officers, such as the chief compliance officer, may also develop new policies to make sure the organization is on the right path. BLS reported on employment changes for top compliance jobs in 2008 and It was noted that employment was expected to surge 31% from 2008 to 2018.
The four jobs listed above saw salaries increase substantially from 2014 to 2015, and may see the same throughout another year. In addition, employment for all four of these positions is expected to further increase in the coming years. Anyone interested in top finance jobs may want to check OneWire for any one of the aforementioned positions, because for them, the future seems bright.
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