The Finance cluster is about using your math skills and financial knowledge to provide services related to investment banking, asset management, accounting, taxation, insurance, and more. Every part of the economy offers a career in this field, providing endless opportunities to work in a variety of areas.
Financial analysts, examiners, and managers all have strong career prospects in Virginia. Financial analysts evaluate financial data and economic trends to guide financial decision making; financial examiners ensure institutional compliance with laws that govern monetary transactions; and financial managers use their knowledge and work experience to help develop the long-term financial goals of their organizations and make important financial decisions. If you have a strong interest in math, a career as an actuary may be for you. Actuaries use mathematics, statistics, and financial theory to analyze the financial costs of risk and uncertainty. Although it is a relatively small field with fewer positions available, it pays well and has the greatest future growth potential of any occupation in the cluster.
Occupational Projections: 2018-2028
The Finance cluster was composed of 217,441 jobs in 2018 and is expected to add 12,259 additional jobs by 2028, for a total of 229,700 jobs. The 5.6% growth rate projected for Finance cluster occupations in Virginia is greater than the 3.3% growth rate anticipated for the same occupations nationwide.
For more information on occupations in the Finance cluster, visit Trailblazers – Career and Technical Education in Virginia-This is a PDF document..
|Top 10 Occupations by Size||2018 Estimated Number of Jobs in Virginia||Annual Virginia Median Wage||Typical Education, Training, and Work Experience Requirements|
|Accountants and Auditors||45,510||$79,670||Bachelor's Degree|
|Bookkeeping, Accounting, and Auditing Clerks||44,756||$43,320||Associate Degree or Some College; Training/Certification|
|Financial Managers||15,974||$153,730||Bachelor's Degree; Work Experience|
|Insurance Sales Agents||11,614||$45,620||Bachelor's Degree; Training/Certification|
|Billing and Posting Clerks||11,269||$41,010||Associate Degree or Some College; Training/Certification|
|Tellers||10,689||$34,190||Associate Degree or Some College; Training/Certification|
|Loan Officers||10,172||$60,460||Bachelor's Degree; Training/Certification|
|Financial Analysts||9,064||*$88,227||Bachelor's Degree|
|Loan Interviewers and Clerks||7,920||$43,010||Associate Degree or Some College; Training/Certification|
|Securities, Commodities, and Financial Services Sales Agents||7,861||**$62,140||Bachelor's Degree; Training/Certification|
Data Sources: U.S. Bureau of Labor Statistics; Virginia Employment Commission; Weldon Cooper Center for Public Service, University of Virginia*2018 wage data; **2019 wage data
Career Cluster Planning
A resource for counselors, administrators, and educators
CTE VERSO – includes information to help local school divisions plan and schedule instructional programs. VERSO is organized by program area, with a complete listing of courses, concentration sequences, and credentials available to students as they plan for career entry and continuing education. Users may access course information by cluster or by searching for specific courses or certifications.
Information and tips for instructional leaders, administrators, counselors and teachers/faculty for creating a career pathway academic and career plan of study.
Sample Academic and Career Plans of Study
School divisions are asked to develop sample plans of study based on the courses offered within their schools, the employment needs of the region, and the post-high school educational opportunities needed for these careers. Once these sample plans are developed, they can be customized to the needs of individual students so that all students have the opportunity to have an individualized academic and career plan of study.
Sample Pathway Plans of Study for Finance:
- Accounting (Word)
- Banking Services (Word)
- Business Finance (Word)
- Insurance (Word)
- Securities & Investments (Word)
- Blank Plan of Study (with fields) (Word)
Also see Sample Plans of Study for all clusters and pathways.
Report: Education, Employment and Earnings: Analyzing Data from Finance
Cluster Analysis Document for Virginia
The Career Clusters logo and its extensions are the property of the National Career Technical Foundation, as managed by NASDCTEc. Some content on this page is from the publication, R U College & Career Ready? - 2017 Edition; and is used here with permission from the Virginia Business Publications LLC and Trailblazers in the Demographics and Workforce Section of the Weldon Cooper Center for Public Service at the University of Virginia.