As baby boomers near retirement and switch from building assets to managing them, they will help drive this sector’s growth. The result: 350,000 jobs by 2010.
Claims adjuster (HSG) Of course, not all finance-sector jobs involve investments. Property-casualty insurers, for example, need people to work with policyholders in evaluating losses and settling claims. “Many companies will train you from scratch,” says Karen Burger of the Insurance Institute of America, which offers training toward an Associate in Claims (AIC) designation. Average salary: $43,000. (For more, see AICPCU.org, the website of the Insurance Institute of America.)
Financial advisor (WCM) White-collar workers with finance, economics or business backgrounds can make the switch to financial advisor, says the Hudson Institute’s Graham Toft. Just be aware that the public now demands high standards. Many consumers expect at least Certified Financial Planner (CFP) certification. Average salary: $78,000. (For more, see FPAnet.org, the Financial Planning Association website, and www.CFPboard.org, the Certified Financial Planner Board of Standards website.)
Financial analyst (RCG) Financial analysts review investment opportunities for large institutions by evaluating corporate balance sheets and gauging a company’s potential. A business administration degree with a concentration in accounting or finance is desirable, as is a Chartered Financial Analyst designation. Average salary: $67,000. (For more, see AIMR.org, the website of the Association for Investment Management and Research.)
Knowledge People who can gather data, organize it and deliver it clearly to others are much in demand, says the Hudson Institute’s Haley Glover. What’s called the “knowledge” sector of the new economy includes schoolteachers, seminar leaders, data managers and product designers. The sector also overlaps into other industries.
Medical records technician (HSG) Increases in boomer-related medical needs will require more people to handle health care data. The demand for knowledge workers to assign codes to hospital procedures is already creating 10,000 jobs a year, says Linda Kloss, CEO of the American Health Information Management Association. Average salary: about $40,000. A manager of these employees can earn up to $100,000. Certification from AHIMA is preferred. (For more, see AHIMA.org.)
Seminar leader (WCM) Some of the hot new jobs will be entrepreneurial in nature. One example: starting your own seminar business or creating instructional materials for your employer to help colleagues and new hires. Have a professional expertise? Create and run a seminar series on your own. Average salary: $50,000 or more, says June Davidson of the American Seminar Leaders Association. (For more, see ASLA.com.)
Technical writer (RCG) Confused by the owner’s manual that came with your camera, car or computer? Think you can come up with something better? The challenge is to create clear, well-organized instructions to help corporate users and consumers manage technology and operate equipment. “To enter this field, you need to be a good writer, well organized, and comfortable with technical subjects,” says Maurice Martin of the Society for Technical Communication. Average salary: $43,000. (For more, see STC.org.)