Industries & Professions /
Financial Institution Officers and Managers
Employment for financial managers who work at commercial banking and savings institutions is expected to decline by 14 percent through 2020, according to the U.S. Department of Labor. Competition for these jobs will be strong for several reasons. Financial institution officers and managers are often promoted from within the ranks of the organization, and, once established in their jobs, they tend to stay for many years. Also, more qualified applicants are becoming available each year to fill vacancies; workers who have earned a master's degree in business administration and who are certified will enjoy the lowest unemployment rates. Chances for employment will be best for workers who are familiar with a range of financial services, such as banking, insurance, real estate, and securities, and for those experienced in computers and data processing systems.