A year ago, the Federal Reserve said it was reviewing whether the nation’s financial sector was up to the task of supporting its growth.
Now, a new survey from the U.S. Federal Reserve and CareerBuilder reveals the financial sector’s position.
The survey, based on responses from more than 2,200 financial professionals, found that financial planners are the most sought-after job for both the most qualified applicants and those with the most experience.
“We’re seeing more and more candidates applying to this profession and it’s very important that we have candidates that have the right background and have the skills that we need to provide our financial services companies with,” said Jocelyn Vidal, senior vice president of financial services at CareerBuilder.
“We’re going to have to hire and train these financial planners because they are the future of the financial industry.”
Financial planners are responsible for making financial decisions for financial institutions and managing their finances.
They also have to monitor the balance sheet of a financial institution.
For most financial planners, the hiring process is relatively easy, with some hiring occurring through social media or phone interviews.
“I’m not going to lie, it is not super glamorous,” said a recent candidate for a job at a bank.
“But I’m sure that if I did this I would have a fantastic job.”
Some financial planners have had to learn how to navigate the regulatory and legal environments that apply to financial institutions.
But the most common issue financial planners face is not finding someone who understands the nuances of the industry.
Financial planners need to have a broad range of experience, according to CareerBuilder’s survey, with a large majority saying they worked in the financial services industry for three years or more.
More than half of financial planners said they worked for a financial services company that has experienced a downturn in the past six months, and one in five said they have worked in a downturn for more than three years.
In addition, more than one in three financial planners say they were involved in the formation of a mutual fund, which means they have a lot of experience in managing the fund.
In some cases, the financial planner may need to travel to their company’s headquarters to speak with senior management.
But not everyone who applies to a job in the banking industry is looking for a career change.
“There are people who are working in finance who have a great deal of experience,” said Vidal.
“It’s a good career for them to be in.
They have the passion and they know what they want to do.”
To learn more about careers in the finance industry, contact CareerBuilder at 1-800-FREEDOM (4357) or email [email protected]