Future Job Outlook For Investment Banking and Finance Degrees

The world of banking and investment banking was rocked in the past few years with the downturn of the economy as well as mass fraud and bad investing throughout the finance world from giant Ponzi schemes to exotic mortgages.

The outlook on this industry is overall strong as the salaries as I will note later are strong but also the amount of jobs stays fairly large considering the massive layoffs just around two years ago. The amount of jobs may be slightly less but seems to be coming back at a pace about the same as most other strong industries. The type of jobs are also shifting more away from who can pick good stocks and investments to more programming and algorithm based jobs. This is because of the massive amounts of high frequency trading and less large-scale investments, mergers, and acquisitions.

The salaries for those in investment banking are still doing well with many starting jobs or entry-level jobs at large firms being slightly less than normal but the regular and associate level jobs are actually being higher paid than before the economic downturn according to most analysts estimates. This is good news for those going into the field that is known for big salaries because if this economic downturn and regulation after couldn’t hurt the salaries than nothing seems to be able to.

The changing opportunities is something that should be talked about for those who are wanting to be in investment banking. In recent years major companies have started venture capital and investment units just to invest in emerging technology and good entrepreneurs. Google is one of those companies along with other companies like Disney who invest in companies that fit their profile and they can either acquire for a cheaper price later or simply make a return on that investment. Also if you are wanting a career in investment banking a knowledge of how algorithms and computer coding works is a major plus since large departments of investment banks and stock trading firms need someone who can merge the two worlds when needed.

So overall the investment banking industry has a strong outlook with jobs in the industry recovering and the salaries higher than ever. Being qualified for these jobs and finding the connections to be able to get the highest paying jobs at the top firms is no easy task. Investment bankers and others in finance have a strong outlook as banking and finance is something as old as any other industry.

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Florida Department Of Banking And Finance

The Florida Department of Banking and Finance provides Florida consumers with information and education they need to make informed financial decisions. For example, some of its important services can be listed as follows.

Consumer assistance and answers to general insurance and financial questions are available through our toll-free help line. These help lines are available through regional service offices or website. The Florida Department of Banking and Finance claims that each year, our specialists handle more than 450,000 consumer calls.
The regional services offices are located strategically throughout the state and provide consumers with access to one-on-one guidance regarding insurance and financial issues.
The Florida Department of Banking and Finance offers free community outreach programs that reach thousands of Floridians each year.
The department has also partnered with the Department of Elder Affairs to conduct a special outreach program helping seniors with their insurance concerns. This is known as SHINE, in short. The abbreviation is Serving Health Insurance Needs of Elders.
The Florida Department of Banking and Finance also offers free consumer guides. They do not take a single penny from the consumer for making the guide available to them. The consumer guide has been made available by the Department on a range of topics relevant to today’s insurance and finance markets. If you want to have that consumer guide, the best way is to order or review it online. What is more, you can also get the printout of the online consumers guide.

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Start a Career in the Growing Banking and Finance Industries

You may have thought that financial catastrophes of the past two years had completely decimated the banking and finance industries.

Guess again.

Although these sectors of the job market did experience heavy lay offs, signs of new life are emerging. In a the June 28 article “Finance Firms Rev Up Hiring,” The Wall Street Journal reveals that 6,800 finance jobs were added between February and May, the largest three-month increase in the past two years. The article adds that starting salary offers are up to 40% higher than they were one year ago.

So if you were considering a finance career once upon a time, but got scared off by the financial ups and downs of the past 24 months, now is the time to get back on track. Here’s a look at 3 hot finance careers and the degrees you’ll need to get started.

Banking Careers
According to the WSJ, banking positions are currently some of the most desirable. Whether you want to work at a large corporate bank or a smaller boutique firm, banks are one of the cornerstones of the economy, protecting money and lending money to business across the country. Financial managers, commodities agents, accountants, and computer specialists are just a few of the professionals that make a bank run.

Insurance Careers
Whether we like it or not, insurance is something we all need, which is why insurance is another hot career option the WSJ puts at the top of their list. But insurance professionals do more than just sell you policies for your new car; they are involved in maintaining accounts, handling claims, and advising their clients on risk management, financial planning and investment strategies.

Loan Officer Careers
Within the banking careers, there is one group of professionals who we’ll all need to go visit at some point in our life: the loan officer. These men and women use their expertise in finance and credit to determine what the best loan is, who’s eligible, and what the terms should be.

Ready to Get Started?
Earning a finance degree will give you the skills and background you need to enter one of the financial careers described above. To get started, visit this career profiles page for additional career and finance degree information.

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