For those who have recently shied away from applying to finance related roles due the current fluctuating state of the economy and the constant threat of layoffs, there is a light at the end of the tunnel for three particular roles within finance: mortgages, accounting, and financial analysis. In a recent article, Beecher Tuttle reports that these three professions have seen an increase in hiring from entry-level to experienced professionals.
Thankfully, the housing marketing is beginning to stabilize and see growth again after the hard hit in 2008. MarketWatch, a financial information Web site, reports that mortgage applications saw a 45% increase in the US in the beginning of January 2013. With this, interest rates are at all time lows, which according to Randstad Finance and Accounting, a staffing firm, has brought about a demand for loan documentation specialists and mortgage underwriters. Additionally, the stricter regulations following the financial crisis, have increased the intricacy of mortgage lending, and therefore, have required financial companies to hire an increasing number of professionals with the appropriate skill set.
Accountants continue to be in high-demand and accounting firms such as Ernst & Young (E&Y), perpetually look to supplement their workforce. Specifically, E&Y looks to hire over 10,000 additional employees in the U.S. and 20,000 additional employees globally, before June hits. Similar expansion can be seen at other companies, and is not exclusive to accounting firms. Companies outside of accounting also look to expand their in-house accounting teams.
As seen in mortgages, the implementation of more stringent regulations resulting from the financial crisis has led to an increased need for knowledgeable financial analysts in 2013. Randstad reports that those with budgeting and forecasting skills are especially sought after. Moreover, the number of job opportunities within this field should see long-term growth. The Bureau of Labor Statistics reports that the number of financial analyst positions should rise by 23% in the next 10 years.
These jobs continue to see growth and opportunities, despite the unpredictable economy. If you remain interested in finance, these are great roles to focus on when looking for job opportunities. Best of luck!