How Many Jobs are Available in Finance Consumer Services?

Finance Consumer Services

There are many job opportunities in Finance Consumer Services. The industry offers consumers various services which cut across banking, investing, and insurance. They allow people to save money, invest in the economy, and protect themselves against financial risk.


The finance consumer services industry plays a vital role in the economy by allowing people to save money. They also help people invest in the economy. When people invest in the economy, it allows businesses to grow, thus creating more jobs.


More so, the industry helps protect people from risk. When people buy insurance policies, it allows them to protect themselves against bad luck or economic downturns.


In this article, we highlight some of the jobs in this industry and their earning potential.

Few Jobs In The Industry 

Credit Analyst

Credit analysts analyze data and information about consumers’ financial situations to determine whether they qualify for loans. 


They use statistical analysis and mathematical equations to decide consumers’ loan applications.

Earning Potential 

The average annual salary for a credit analyst is around $55,506 


That comes to about $21.52/hour and $3,930/month.


Mortgage Loan Officer

Mortgage loan officers help people apply for mortgages. 


They gather information about borrowers’ income, assets, debts, and credit history and present it to lenders, who decide whether to approve or deny the application.

Earning Potential 

The average annual salary for a mortgage loan officer is around $215,517 


That comes to about $51.55/hour and $15,259/month.

Insurance Claims Adjuster

 Insurance claims adjusters review insurance policies and pay out money to policyholders after a loss occurs. 


They investigate the possible cause of the accident affecting their client and assess damages. If the damage was caused by negligence, they might take legal action against those responsible.

Earning Potential 

The average annual salary for an insurance claims adjuster is around $95,641 


That comes to about $46/hour and $7,170/month.

Financial Advisor

 Financial advisors provide advice and guidance to clients regarding investments, retirement planning, and personal finances.


They also offer their clients financial and asset management advice.


Earning Potential 

The average annual salary for a financial advisor is around $74,761 


That comes to about $32.07/hour and $5,293/month.

Investment Banker

Investment bankers negotiate deals between businesses and investors. They represent both parties and ensure that each side gets what they want.

Earning Potential 

The average annual salary for an investment banker is around $41,633 


That comes to about $22.49/hour and $2,948/month.

Financial Controller

 Financial controllers keep track of company finances and ensure that cash flows smoothly throughout the business. 


They prepare reports and monitor transactions to identify problems before the company feels the impact.

Earning Potential 

The average annual salary for a financial controller is around $89,958 


That comes to about $38.64/hour and $6,369/month.

Finance Analyst

A finance analyst provides financial services to consumers. 


They help the company manage its finances and ensure they have enough money to pay off debts and invest in new projects.

Earning Potential 

The average annual salary for a finance analyst is around $71,293 


That comes to about $36.14/hour and $5,048/month.

Financial Manager

Financial managers are entrusted with the company’s finances. They are to ensure everything goes on well in the company.


They make decisions about how much money the company should spend, where it should go, and whether it should borrow more. 


They also keep track of how well the company is doing financially.

Earning Potential 

The average annual salary for a financial manager is around $90,894 


That comes to about $25.18/hour and $6,435/month.

Accountant

Accountants record transactions and prepare financial statements. 


They calculate profits and losses, balance sheets, and income statements. 

Earning Potential 

The average annual salary for an accountant is around $53,695 


That comes to about $24.00/hour and $3,802/month.

Asset Management Consultant

Asset management consultants advise companies on how to use assets effectively. 


They look at a company’s current assets, including cash, inventory, equipment, and real estate, and suggest ways to improve them.

Earning Potential 

The average annual salary for a technician is around $103,541 


That comes to about $50/hour and $8,628/month.

Risk Analyst

Risk analysts evaluate risks associated with a business and recommend solutions to reduce those risks. 


They identify problems and opportunities and determine how the company might steer clear of issues of a similar nature in the future.

Earning Potential 

The average annual salary for a risk manager is around $76,944 


That comes to about $37.52/hour and $5,448/month.

Conclusion 

At least a million jobs are available to people in the financial services industry. 


The advent of technology has increased the demand for these occupations by several folds, which is why they are seen as growth sectors.


Finance Consumer services are a huge revenue base, and employers have been focusing on developing their customer service divisions, resulting in more job opportunities arising out of it. 


The companies in the industry have put a lot into improving their services to consumers, and if you can offer a sound quality service, you will do well. 


Our guide to the jobs in finance consumer services helps draw attention to these exciting professions, and we give an overview on how best to use them as an opportunity for employment.

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