What Are Popular Careers in Financial Services?

If you are good with numbers and enjoy strategic planning, a career in financial services may be a good fit for you. Read below to find out more about some possible financial services careers. Schools offering Finance degrees can also be found in these popular choices.

An Overview of Financial Services

The term 'financial services' refers to the wide variety of money management services that are provided by financial industries. Many organizations could be considered part of the financial service industry, such as credit card companies and insurance agencies. Because the management of money plays such an important role in the daily activity of most corporations, there is great demand for well-trained financial service experts.

Important Facts About Popular Careers in Financial Services

Personal financial advisors Actuaries Insurance sales agents
Required Education Bachelor's degree Bachelor's degree High school diploma, or equivalent
Professional Certification Certified Financial Planner (CFP) Associate and fellow designations offered by the Casualty Actuarial Society and the Society of Actuaries 24 different certifications
Work Environment Full-time Traditional office hours Typically full-time; make their own schedules
LicensureRequired for selling of products, such as stocks or insurance policiesRequired for pension actuariesState licensure required

Investment Advisor

An investment advisor is responsible for offering financial advice to either individuals or corporations. A person in such a career may provide broad financial advice or be directly involved in the management of assets. There are a variety of types of investment advisors, such as pension fund manager, mutual fund manager and trust fund manager. In each case, the advisor is responsible for maintaining the overall health of the fund's assets and maximizing returns.

According to the U.S. Bureau of Labor Statistics (BLS), personal financial advisors earned a median annual income of $81,060, as of May 2014. Employment, through 2024, is expected to increase by 30% (www.bls.gov).

Insurance Broker

This career involves acting as the intermediary between insurance companies and clients. Clients may include individuals or corporations. Insurance brokers are responsible for gathering data from their clients in order to seek out the most suitable policy for them. Other tasks include:

  • Policy renewal
  • Risk management
  • Premium collection
  • Assessing clients' needs

The BLS states that insurance sales agents earned a median salary of $47,860 per year, as of May 2014. Employment is expected to increase by 9% from 2014-2024.


Actuaries assess the likelihood of the occurrence of certain events in order to minimize financial risk. This career requires strong mathematical and analytical skills because much of the work involves working with complex financial security systems. Actuaries are in great demand, due to the essential role they play in the services provided by a variety of insurance companies. One of the main responsibilities of an actuary is to assist in the design and pricing of insurance policies in order to ensure that they are financially healthy.

Actuaries earned a median income of $96,700 annually, according to BLS in May 2014. Employment is projected to rise by 18% over the 2014-2024 decade.

Other Careers

Other popular financial service careers are:

  • Financial analyst
  • Personal financial advisor
  • Corporate banker
  • Financial managers

To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  1. 1
  2. 2
  3. 3
  4. 4
  5. Next »