Since budgets are related to income, it’s encouraging to learn of the latest job and income trends.
The list of the 20 most profitable companies in the world, as compiled by 24/7 Wall Street, shows some important trends. Every company on the list (with the exception of Toyota) is either an oil, software or financial services firm. But the latter comprise four of the top 10, with Industrial and Commercial Bank of China earning the top spot with revenues exceeding $89 billion annually.
There has never been a better time in U.S. history to enter the financial services industry. Employment opportunities for financial analysts and personal advisers are expected to grow much faster than the average of all other occupations through 2022, according to the Bureau of Labor Statistics.
Those particular career options, however, are just the tip of the iceberg for those with a solid understanding of how banking and financial systems work.
A degree in finance opens the door to near endless possibilities for employment and entrepreneurship. Whether it’s handling payroll, preparing taxes or doing complex market analysis for new businesses and established firms, finance majors are prepared to handle numerous tasks that will be in high demand for the foreseeable future.
Business Credit Concerns
The 2015 Kaufmann Index indicates that year-over-year new business establishment is the highest it’s been in 20 years. However, Experian estimates that less than 10 percent of small business owners and entrepreneurs understand the concept of Read More →