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What is the job growth outlook for a financial manager?

Question:

What is the job growth outlook for a financial manager?

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Answer:

According to the Bureau of Labor Statistics, financial managers are projected to grow 15% from 2019 to 2029, which is equivalent to 108,100 different individuals. The growth for this occupation will vary by industry and is much faster than operations specialties managers, which will experience 9% growth. The reason for the increase is because their services will still be likely in demand as the economy grows. The services include coordinating investments, risk management, and cash management. In addition, as globalization continues, many companies will hire financial managers to assess and manage their cash. Banking institutions will more likely manage their risk over profit, which may emphasize risk management and will also lead to an increase in demand for skilled financial managers. Since most people prefer to conduct transactions online, employment in bank branches is expected to decline. However, only clerical occupations will be affected rather than financial managers, and in this industry, financial managers are expected to grow 17% from 2019 to 2029.

For more information about the job outlook for financial managers, check out this article: Master of Accounting (MAcc)

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