A Financial Services degree opens doors to careers with growth potential.
Financial Services at a Glance
Graduates of the Financial Services program can pursue such careers as administrative assistants in a financial setting, insurance sales agents, and financial advisors. This program prepares graduates to become certified financial planners, which can enhance a career path.
A Bachelor’s degree improves job prospects for insurance sales agents. Also, insurance agents must be licensed in the states in which they work. Positions such as financial advisors and financial agents typically require a Bachelor’s degree. Administrative assistants or financial clerks will sometimes be required to have an Associate’s or Bachelor’s degree.
Personal financial advisors give financial advice to people. They help with investments, taxes, and insurance decisions. Some responsibilities include:
- Meet with clients in person to discuss their financial goals
- Explain the types of financial services they provide to potential clients
- Educate clients and answer questions about investment options and potential risks
Insurance sales agents help insurance companies generate new business by contacting potential customers and selling one or more types of insurance. Some job responsibilities include:
- Interview prospective clients to get data about their financial resources and discuss existing coverage
- Analyze clients’ current insurance policies and suggest additions or changes
- Customize insurance programs to suit individual clients
Financial clerks do administrative work for many types of organizations. Some job responsibilities include:
- Keep and update financial records
- Compute bills and charges
- Offer customer assistance
- Carry out financial transactions
Outlook for Employment
Employment of insurance sales agents is projected to grow 9 percent through 2024, faster than the average for all occupations. Employment of personal financial advisors is projected to grow 30 percent through 2024, much faster than the average for all occupations. Employment of financial clerks is projected to grow 6 percent through 2024, about as fast as the average for all occupations.
Industries That Employed the Most Financial Clerks in 2014:
- Credit intermediation and related activities – 18%
- Insurance carriers and related activities – 20%
- Healthcare – 17%
- Professional, scientific, and technical services – 7%
Please note that these are national statistics and projections that might vary by location.
Source: Bureau of Labor Statistics, U.S. Department of Labor, Occupational Outlook Handbook, 2016-17 Edition https://www.bls.gov/ooh/sales/insurance-sales-agents.htm; https://www.bls.gov/ooh/business-and-financial/personal-financial-advisors.htm; and https://www.bls.gov/ooh/office-and-administrative-support/financial-clerks.htm