A master’s degree in financial management is offered as a master’s in accounting and financial management. Most programs focus on public accountancy, financial analysis or fraud examination. Graduates with a master’s degree in accounting and financial management have a variety of career options from which to choose.
Financial managers may be self-employed or employed by organizations to perform a variety of financial services. They monitor the legality of financial decisions and actions, and prepare forecasts, financial statements and business activity reports. In addition, they manage other members of the financial team and perform reviews of the financial records for ways to be more cost effective. The demand for financial managers will grow by 9 percent through 2020, which is slower than the 14.3 percent national growth rate for other professions, according to the U.S. Bureau of Labor Statistics. But demand for self-employed financial managers should grow by 20 percent during the same time frame, which is faster than the average for other jobs. The median annual salary for this position is $103,910.
Financial analysts work in a variety of environments where they provide investment advice to individual clients and companies. Different types of financial analysts include portfolio managers, who supervise a group of analysts and select the products and industries that comprise their company’s investment portfolio. In addition, fund managers oversee mutual or hedge funds, ratings analysts determine the ability of a company to repay its debts, and risk analysts evaluate investment decisions. At a 23 percent growth rate through 2020, the BLS reports that demand for financial analysts is growing faster than demand for other professions. These professionals can earn a median annual salary of $74,350.
Securities, Commodities and Financial Services Sales Agents
Securities, commodities and financial services sales agents conduct trades between buyers and sellers. Brokers advise individual clients and sell securities and commodities to them, while investment bankers handle initial public offerings as well as mergers and acquisitions for companies. Investment banking sales agents and traders buy and sell orders for stocks, bonds and commodities, usually for investment banks, while floor brokers negotiate the trading price. Expect demand or these professionals to grow by 15 percent through 2020, per the BLS, which is as fast as the national average for all jobs. The median annual salary for securities, commodities and financial services sales agents is $70,190.
Personal Financial Advisors
Personal financial advisers provide financial counseling to individuals to help them with short-term and long-term goals. They meet with their clients to discuss financial goals and explain the range of financial services from which to choose. Personal financial advisors also answer questions about different types of investments and educate their clients on the risks involved in investing. In addition, they monitor their clients’ accounts and make adjustments as needed. The BLS projects a 32 percent growth rate for this career through 2020, which is double the national average for other occupations. Personal financial advisors earn a median annual salary of $64,750.
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