Finance jobs in Illinois
are expected to grow slowly during the near future.
Employment in Illinois
' finance industry is projected to grow at a slower rate through 2014 than the average for all industries, according to an article by the Illinois Department of Employment Security
. However, employment in the securities and commodities sector will be more widespread. And more recently, Chicago is picking up New York's slack in the industry
"Employment growth will be driven by increasing levels of investment in securities and commodities in the global marketplace," the article notes. "Advances in technology will continue to have the most significant effect on employment in the banking sector. While demand for insurance is expected to rise, downsizing, productivity increases and a trend toward direct mail, telephone and Internet sales will limit job growth.
"Some job growth will result from the insurance sector's expansion into the broader financial services field," the article continues. "If legislation is passed to make health insurance more affordable to more people, demand for this type of insurance will increase further. The best opportunities for employment in the finance industry will be for financial managers and bill and account collectors."
As of July 2008, Illinois' financial activities industry employed 398,100 people, a decrease of 1.5 percent, according to the United States Department of Labor Bureau of Labor Statistics
Possible job opportunities for those in the finance industry include:
- tellers with 1,399 annual openings and a median salary of $21,079
- financial managers with 580 annual openings and a median salary of $89,088
- bill and account collectors with 709 annual openings and a median salary of $28,869
- securities, commodities and financial services sales agents with 387 annual openings and a median salary of $59,180
- insurance sales agents with 378 annual openings and a median salary of $45,920
- loan officers with 328 annual openings and a median salary of $51,282
- financial analysts with 383 annual openings and a median salary of $63,125
- claims adjusters, examiners and investigators with 233 annual openings and a median salary of $46,718
- insurance claims and policy processing clerks with 171 annual openings and a median salary of $31,236
- insurance underwriters with 153 annual openings and a median salary of $50,379
- personal financial advisers with 170 openings and a median salary of $60,948
Labels: Finance Jobs in Illinois