Boost Your Bank Account: Top Personal Finance Jobs in 2021
The year 2020 has taught us the importance of financial stability and preparedness. Many people faced difficulties managing their finances due to the economic downturn brought about by the pandemic. This is why people are now more focused on securing their finances and looking for ways to increase their income this year.
If you’re looking for a profession that not only offers financial stability but also personal growth, personal finance jobs might be the best fit for you. These jobs require you to assist people with managing their finances, guiding them towards financial success. Below are some of the top personal finance jobs in 2021.
1. Financial Advisor
Financial advisors are experts in managing money. They help clients plan and reach their financial goals, such as retirement, investment or debt payment. They assist clients with financial planning, portfolio management, and tax advice. Financial advisors can work in a bank, an investment firm or start their own business.
According to the US Bureau of Labor Statistics, the demand for financial advisors is expected to grow by 4% from 2019 to 2029. Financial advisors earn around $89,160 per year on average.
2. Credit Counselor
Credit counselors help clients manage their debt and improve their credit score. They review clients’ credit reports, establish a budget plan, and negotiate with creditors to reduce the payments or interest rates.
Credit counselors work in nonprofit organizations, credit counseling agencies, or financial service companies. The demand for credit counselors is expected to grow by 8% from 2019 to 2029, according to the US Bureau of Labor Statistics. Credit counselors earn around $49,130 per year on average.
3. Financial Analyst
Financial analysts evaluate investment opportunities and offer advice to businesses or individuals on investment strategies. They analyze financial data, assess risk, and make recommendations on earning profits. Financial analysts work in investment firms, banks, insurance companies or private equity.
The demand for financial analysts is expected to grow by 5% from 2019 to 2029, according to the US Bureau of Labor Statistics. Financial analysts earn around $85,660 per year on average.
4. Tax Accountant
Tax accountants assist clients with tax planning, preparation and compliance with tax regulations. They advise clients on tax-saving strategies and help them claim deductions and credits. Tax accountants work in accounting firms, corporations, or start their own tax preparation business.
According to the US Bureau of Labor Statistics, the demand for accountants and auditors is expected to grow by 4% from 2019 to 2029. Tax accountants earn around $73,560 per year on average.
Conclusion
Personal finance jobs are the best fit for those who not only strive for financial stability but also personal growth and development. While the above list is not exhaustive, it provides a solid foundation of the different types of personal finance jobs available and what each job entails.
Consider your skills and interests to find a job that’s a perfect fit for you. Each of these jobs requires specific training and knowledge. However, it can be a worthwhile investment to pursue one of these careers to boost your bank account and provide financial stability for you and your family.
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