Money is the engine of the world and the backbone of the international economy. Financial professions include jobs in: planning, services for financial and investment planning and analysis, banking, insurance, business financial management, and others.
The financial sector is among the three highest-paid sectors in the world, and is traditionally associated with those with high wages and salaries, according to Forbes magazine.
Many jobs in the finance industry can be very lucrative for job seekers, according to the US Bureau of Labor Statistics. Occupations in business and finance pay a median salary of $79,50, which is 66% higher than the median salary for all occupations in the country of $48,000. And $60 annually.
Total employment in financial and business occupations is expected to grow faster than the average for all occupations from 2023 to 2033. It is expected that there will be 963,500 new jobs each year, on average, in these occupations due to the continuing growth in employment and demand for them. , according to Forbes.
In this report, Al Jazeera Net presents 10 fast-growing jobs in the professional and financial industry sectors that are witnessing a great demand for them in the employment sector now and in the future, as well as the average annual salary for each job, according to what was mentioned by a number of specialized platforms and websites, including the US Bureau of Labor Statistics and the “ Indeed, Forbes magazine, the Big Future platform, the Robert Half platform, and the artificial intelligence program “GBT4 Chat,” especially with regard to salaries in 10 years from now.
It should be noted that salaries change from one region to another and from one country to another, and their levels are determined based on the strength or weakness of the economy of any country.
1- Financial Director
Financial managers usually receive high salaries, and some of them have an annual salary of about half a million dollars a year or more, according to Forbes. The duties of this position are wide-ranging, including supervising analysts, budgeting, making decisions related to the cost of technology infrastructure, and managing finance teams. They are responsible for overseeing all financial activities of the organization, planning and providing guidance on financial risks, and coordinating finances with the business and strategic goals of the organization.
- Experience and qualifications
- An advanced degree such as an MBA in finance or an accounting-related course of study such as a CPA (Certified Public Accountant) or CGMA (Certified Global Management Accountant).
- Significant leadership and/or consulting experience in finance and corporate analysis.
- Expected growthJob growth for finance managers is likely to be between 6% and 8% from 2021 to 2031, according to the U.S. Bureau of Labor Statistics, slightly faster than the average for all occupations.
- Average salary 2024: About $150,000 annually, not including incentives, bonuses, and stock options that may amount to half a million dollars a year or more, especially in major international companies and those listed on the stock exchange.
- Average salary over 10 years (2034): From $200,000 to $500,000 annually, with the possibility of total annual compensation and incentives exceeding $1 million in large organizations, according to the artificial intelligence program “Chat GPT4O.”
2- Chief Compliance Manager
Chief Compliance Officers work at the executive level and are responsible for ensuring that the organization complies with industry and state regulations, policies, and laws. They must ensure that the company adheres to financial regulations and is protected from financial risks.
- Experience and qualifications
- Master of Business Administration or Master of Management Sciences.
- 8-10 years of solid experience at a senior level in finance, accounting, or corporate compliance.
- Some certifications can also be helpful, such as Certified Regulatory Compliance Manager (CRCM) or Certified Compliance and Ethics Professional (CCEP).
- Expected job growthJob growth for chief compliance officers is expected to range between 8% and 10% from 2021 to 2031.
- Current salary 2024: $206-290 thousand annually, according to Forbes.
- Average salary in 2034: 200 to 400 thousand dollars annually, especially in high-demand industries such as finance and technology.
3- Cryptocurrency and Blockchain specialist
Encrypted digital currencies have become an important part of the financial world today, and they are constantly evolving and have a broad future. The blockchain technology and encrypted currency specialist focuses on developing, implementing and managing blockchain technologies and encrypted currency systems, and provides advice on the use of encrypted currencies, including trading and management strategies. Wallet.
They specialize in this matter in various sectors, including finance and supply chain, taking advantage of the decentralized nature of blockchain technology to improve transparency, security and efficiency.
- Required qualifications
- Proficiency in programming languages and knowledge of coding principles.
- Ability to analyze market trends and evaluate the effects of blockchain technology.
- Address complex challenges in system design and integration.
- Explain technical concepts to non-technical stakeholders.
- Expected job growth: 20% or more over the next ten years, a rate well above the average for many professions.
- Current average salary 2024: 90 thousand-150 thousand dollars annually depending on experience and location.
- Average salary in 2034: 120 thousand-200 thousand dollars annually or more as the field matures and demand increases.
4- Investment portfolio manager
A position at the highest levels in the financial industry, the holder of which supervises investment portfolios and makes strategic decisions to optimize them according to market conditions so that the client can achieve financial goals and maximize returns.
- Required qualifications
- A few years of investment analysis or similar experience.
- MBA or MSc in Finance and Chartered Financial Analyst (CFA) certification.
- Expected growthThe U.S. Bureau of Labor Statistics estimates that employment for financial managers, including portfolio managers, will grow about 15% from 2021 to 2031.
- Current average salary 2024: 100 thousand-140 thousand dollars annually.
- Average salary in 2034: 120 thousand-180 thousand dollars per year, not including incentives and bonuses.
5- Financial analyst
Financial analysts are in high demand due to the increasing need to make data-driven decisions.
A financial analyst evaluates and analyzes financial data, creates financial models, and provides investment recommendations to his clients, who may be institutions or individuals, to make wise financial and investment decisions such as buying or selling stocks.
- Required qualifications
- A graduate degree in finance, economics, statistics, or business administration is preferred.
- Previous experience as a junior analyst.
- Chartered Financial Analyst (CFA) certification.
- Expected job growth: 6%.
- Current salary 2024: 71 thousand-103 thousand dollars annually.
- Average salary in 2034: 100 thousand-120 thousand dollars annually.
6- Investment banker
Investment bankers manage portfolios of companies and government agencies that invest in various companies. These professionals help clients raise and invest capital to help the company achieve financial growth goals. They also assist their organizations with mergers and acquisitions, initial public offerings, raising capital, and negotiating deals. .
- Experience and qualifications
- University degree in accounting, finance, or economics, preferably an advanced degree such as an MBA.
- Certified Investment Banking Professional (CIBP) certification.
- Strong analytical and strategic decision-making skills.
- Expected growth: 4% according to the US Bureau of Labor Statistics (BLS).
- Current salary 2024: $100,000 without incentives and bonuses.
- Average salary in 2034: 120 thousand-200 thousand dollars annually.
7- Accountant and financial auditor
The US Labor Statistics Authority expects the demand for accountants and auditors to increase by 4% until 2032, which represents the average increase, so this is the ideal time to become an accountant as the sector is constantly developing.
Accountants and auditors assist individuals and businesses by preparing and reviewing financial records to ensure compliance with tax regulations.
Their work includes examining, analyzing and interpreting accounting records to prepare financial statements, providing advice, or auditing and evaluating data prepared by others.
- Required qualifications
- Bachelor’s degree in Accounting, Economics, or related field.
- Certified Public Accountant (CPA) certification.
- Expected job growth: 4%.
- Current average salary 2024: 70 thousand dollars annually on average.
- Average salary in 2034: 90 thousand dollars annually.
8- Budget analyst
Budget analysts specialize in finance and help organizations plan their financial future. They are responsible for preparing budget reports, analyzing budget proposals, ensuring funds are allocated effectively to achieve organizational goals as well as analyzing past budgets and financial statements to identify trends, variances and opportunities for cost savings.
- Required qualifications
- Bachelor’s degree in finance, accounting, business administration, or related field.
- Advanced degrees (such as an MBA) or certifications (such as certified public accountant or certified government financial manager) can enhance job opportunities.
- Strong ability to analyze financial data and identify trends.
- Accuracy is crucial in budget preparation and analysis.
- Ability to explain complex financial concepts to non-financial staff.
- Familiarity with budgeting software and financial modeling tools.
- Expected growth: Employment of budget analysts is expected to grow about 3% to 5% from 2021 to 2031, according to the U.S. Bureau of Labor Statistics.
- Current average salary 2024: 75 thousand-95 thousand dollars annually with incentives and bonuses.
- Average salary in 2034: 95 thousand-120 thousand dollars annually with incentives and bonuses.
9- Financial advisor
A financial advisor provides customized financial guidance to clients, whether individuals or institutions, and helps them achieve their financial goals through investment strategies, retirement planning, tax planning, etc.
- Required qualifications
- Ability to analyze financial data and market trends.
- Interpersonal skills to explain complex financial concepts in understandable terms.
- Convince customers to invest in products or services that align with their goals.
- Adhere to ethical standards and regulatory requirements in all financial transactions.
- Expected job growth: Demand for financial advisors is expected to grow significantly, with an estimated growth rate of 5% to 7% from 2021 to 2031. This growth is due to factors such as an aging population, increasing financial literacy, and the desire for personalized financial services.
- Current average salary (2024): 75 thousand-120 thousand dollars annually, including bonuses and commissions.
- Expected salary in 10 years (2034): 90 thousand-150 thousand dollars annually depending on experience and customer base.
10- Hedge fund manager
No list of high-paying finance jobs is complete without mentioning hedge fund managers. They work at the senior level in the finance industry, oversee investment portfolios, use various strategies to generate returns, and manage risks for high-net-worth organizations or individuals who invest in hedge funds. .
- Required qualifications
- Master’s degree in finance, economics, or related field.
- 10 years of previous financial experience, especially in the field of investments.
- The Certified Hedge Fund Associate (CHA) certification can be helpful in this job.
- Expected job growth: 15%.
- Current average salary 2024: 123 thousand-153 thousand dollars annually.
- Average salary in 2034: 200-350 thousand dollars annually.
