2013 Finance Jobs Outlook

2013 Finance Jobs Outlook

Finance, accounting and financial services employment will be an either-or proposition in 2013. Either you’ll find finance jobs are more plentiful than they were in 2012 because you possess an in-demand skill set and industry experience, or you’ll see limited opportunities to advance or move to a new position because your skill set hasn’t kept up with the market.

The year could also bring fatter pay packets. Accounting and finance professionals are expected to see a 3.3 percent salary boost in 2013, according to the 2013 Salary Guide from Menlo Park, California-based staffing firm Robert Half International.

Financial Services Hiring: Jobs for Those with the Right Skills

The market for financial services jobs has split into two distinct groups of job seekers. “It’s a dual job market,” says Keith Feinberg, director of permanent placement services for Robert Half International. “There’s a much larger divergence between highly qualified candidates with in-demand skills and moderately skilled employees.”

Companies forced to make do with leaner head counts are filling financial services jobs with workers who can add value in multiple areas. An IT professional with an MBA and experience upgrading finance systems will find a finance job faster than someone with only an MBA, for example.

“To take advantage of that, you need to be focused on your continuing professional education,” Feinberg says. “Get on special projects, get additional degrees, pick up more skills for your tool set internally and externally. It can be as simple as an online class in Excel or coding language.”

Mortgage Industry Hiring: Shift Now from Servicing to Originations

As the mortgage market looks now, the best job opportunities ahead will be in mortgage origination as the market shifts its focus from servicing delinquent loans to lending again. “We’ll see a trend of declining servicing staffing,” predicts Sam Garcia, publisher of in Dallas.

To ride this industry wave, watch to see where others in your company go and try to follow them. Let your vendor contacts know you’re looking to move to a new finance job.

While there’s a lot of refinance business being done right now, do what you can to move into purchase originations. When rates rise, the refinance boom will end and companies will want employees who excel at direct marketing to Realtors, builders and consumers, Garcia says.

Accounting Jobs: Audit, IFRS and IT Skills in Demand

The biggest trends in accounting employment in 2013 are the same things that influenced hiring in 2012: the Dodd-Frank Act, International Financial Reporting Standards (IFRS) and the need to specialize, says Scott Moore, senior manager at the American Institute of Certified Public Accountants (AICPA).

Dodd-Frank primarily covers banking, but its reach is widespread. “There’s a whole slew of regulations coming out of the Dodd-Frank Act that will impact the way businesses are audited,” Moore says. “Accountants are going to have an increased role because audit standards will be revised.”

IFRS hasn’t been mandated in the US, but the largest corporations are allowed to use it. Given that IFRS is used in more than 100 countries, companies that do business overseas either via subsidiaries or vendors need accountants who understand it.

Take any opportunities you can to expand your IFRS expertise, Moore says. If IFRS wasn’t taught when you got your accounting education, catch up by paying for online courses and certification from the AICPA or take a free online course offered by firms such as Deloitte.

Industry specialization will also be crucial to finding accounting jobs in 2013, Moore says. “To set yourself apart, you have to become a subject-matter expert,” he says. “The days of being a generalist and a staff accountant are going to be behind us fairly soon. The role of CPAs has evolved from being a number cruncher to being an adviser and analyst.”

His picks for hottest specialties: personal financial adviser, business valuation, forensics and IT auditing.

Federal Budget Woes Could Hurt Finance Job Market

The one dark cloud on the horizon for finance job seekers is the rising federal budget deficit. Democrats and Republicans will have to come up with a budget compromise that can make it through both chambers of Congress to avoid automatic spending cuts and tax increases in early 2013.

That leaves companies with a difficult decision to make: Do they hire finance employees in anticipation of continued economic growth, or hold off until they see how the budget resolution influences the economy in 2013?

Here’s hoping they do the former.

Learn more about finance careers.

Latest Jobs

American Council on Exercise
Posted: 06/30/2015
San Diego, CA, 92123
Prestige Staffing
Posted: 06/30/2015
Austin, TX
Synchrony Financial
Posted: 06/30/2015
Alpharetta, GA, 30005
Posted: 06/30/2015
Sarasota, FL, 34232
Posted: 06/30/2015
Robertsdale, AL, 36567

Want more personalized results?  Update Your Profile


Monster Communities

Teaching Community
Where teachers meet and learn.
Create and connect.
Networking for the career-minded woman.
Nursing Link
Where nurses call the shots.
More Monster Communities

Monster Partners

Scholarships, financial aid and more ways to pay for school.
Find top campus and online degree programs.
Military portal for the US Army, Navy, Air Force, Marine Corps and Coast Guard.
Financial Aid
Scholarships & financial aid.
Staffing for Government Jobs
Staffing and hiring solutions for federal government agency jobs.
More Monster Partners

Job Hunt Strategy

Six Ways to Make a Recruiter Hate You
If you want to blow your chances with recruiters -- and, by extension, with the companies they work for -- here are six perfect ways to do so.

Resumes & Cover Letters

Rev Up Your Resume to Relocate
Hoping to relocate? Get the ball rolling on landing the right job in the right location with these expert resume and cover letter tips.


100 Potential Interview Questions
Interview questions can run the gamut. You probably won't face all 100 of these, but you should still be prepared to answer at least some of them.

Salary & Benefits

10 Questions to Ask When Negotiating Salary
Most of us aren't natural negotiators, but asking these 10 questions during salary negotiations can help you get everything you deserve.

Employee Sourcing

Alt text
November Monster Employment Index Grows 13% Year-Over-Year, Tenth Consecutive Month of Positive Annual Growth.

For Seekers

Campus and Online Degrees
Advance your career and earn more with an online degree.
Free Salary Wizard
What are you worth? Find out and negotiate a better salary.
Research Careers
Get information on jobs and career paths to help guide your choices
Questions & Answers
Find answers to all your career related questions -- powered by Yahoo! Answers
Resume Distribution Service
Our distribution service puts your resume right in the hands of recruiters.
Resume Writing Services
Our experts will craft a keyword-rich resume that stands out in the crowd.
More Career Resources

For Employers

Career Ad Network
Target your job posting to more candidates on thousands of websites.
Hire Right Background Checks
Explore our background check packages to improve the quality of your hires.
Hiring Home Page
Find the best candidates for your business with Monster hiring solutions.
Job Postings
Find the right solution for your hiring needs. Starting at $99.
Power Resume Search
Monster's new search technology precisely matches people with your jobs.
Resource Center
Find staffing insights, labor trends, HR best practices and more.
Target Post
Connect with skilled, hourly and administrative candidates for only $99.

Social Media

Jobs on Twitter
Find jobs in your area and industry.
Monster Careers
Tune into our career advice and discussions tackling a wide range of topics and industries.
Monster Corporate & PR
Stay up-to-date on the latest news. Get the 'Who', 'What', 'When', and 'Why' on all things Monster related.
Monster Customer Service
Got a Monster question? We've got the answer. Whether you're a job seeker or employer, we can help you find the answers you need.
Monster for Employers
Find advice on hiring.
Follow Us
Check out our many pages and stay connected with the latest industry news, events, career advice and job openings.

Other Links

Monster Company Profiles
Explore companies and get information to guide your career decisions.
Compare Salaries
See how your pay stacks up to others in your field.
iPhone Application
Download the Monster app for iPhone and iPod touch.
Monster Job Seeker Blog
Monster Job Seeker Blog.
Monster Thinking Blog
Monster's Recruitment Trends Blog.
Jobs & Career Resources
Search Jobs:
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2015 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2015.12.0.54-311