Increasing securities and commodities investments in the global marketplace. In addition to the many new job openings stemming from this growth, a large number of openings will arise from retirement and job turnover.
Several trends bode well for the industry through the next seven years.
For instance, Baby Boomers are in the middle of their peak savings years and the government is helping by creating a number of tax-favorable retirement plans. Retirees will need the help of financial planners, especially as the number of self-managed retirement plans increase and investments become more complex. Although online trading will grow and reduce the need for direct contact with an actual broker, the need for securities sales representatives will also grow, because people will still need advice from professionals. Loan Officers Being a loan officer in the years ahead is a double-edged sword. While low interest rates will keep demand for loans high, technology is making loan officers more productive.