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Market Career Forecast for Finance & Accounting

by KJ Henderson, studioD

Finance and accounting professionals are the backbone of any business. These people are responsible for all of a business’ cash. They create financial reports and audit them for accuracy. Additionally, they ensure that financial records and transactions are compliant with local and federal laws and regulations, such as those administered by the Securities and Exchange Commission. In 2010, the Bureau of Labor Statistics released a report indicating the market forecast of finance and accounting occupations for the decade between 2010 and 2020.

Accounting and Auditing Clerks

Accounting clerks are hired by businesses to create financial records. They track financial transactions and monitor financial statements for accuracy. Bookkeeper is a common alternate title for those in this field. The BLS anticipates a 14-percent growth in employment of these professionals. This rate is similar to the average growth of all other occupations tracked by the BLS.

Accountants and Auditors

Accountants and auditors prepare financial records for businesses and individuals. They also examine financial records, such as tax returns, to ensure their accuracy. The individual job titles of those in this field vary by industry and include internal auditor, management accountant and public accountant. According to the BLS, employment in this occupation is expected to grow by 16 percent, a rate that is approximately as fast as other professions -- 14 percent. Stricter laws and regulations, enacted in response to recent corporate scandals, are attributed to this growth.

Financial Analysts

Financial analysts monitor investments, such as stocks, bonds and commodities. After compiling research, they advise their employers and clients on making investment decisions. Alternate job titles for this profession include fund manager, portfolio manager, ratings manager and risk manager. The BLS expects this occupation to increase by 23 percent. A faster average than all other occupations, this is expected due to the growing number of financial products available to consumers.

Financial Managers

Financial managers are senior-level professionals who are responsible for a business’ overall financial health. Using detailed financial reports and the research of financial analysts, these individuals develop an organization’s long-term financial strategy. Common job titles of those in this field are cash manager, credit manager, controller, financial officer, insurance manager and treasurer. The BLS indicates that employment in this profession will grow by 9 percent -- slower-than-average growth when compared to all occupations.

About the Author

KJ Henderson has more than a decade of HR and talent acquisition experience. He has held roles at a Fortune 100 investment bank, a media conglomerate and at one of NYC's largest executive staffing firms. He currently heads recruitment sourcing at a major movie studio. He read literature at Oxford.

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