An Influential Sector of the Modern Economy

Financial Service, an influential sector of the modern economy

The financial sector is one of the largest portions of the S&P 500. Seven out of the nine months thus far in 2019 have delivered positive returns on the S&P 500 index.

Financial Services refers to a broad range of more specific activities such as Banking, Investing & Insurance. In Global Financial Service Market the Lending & Payments market and Asia-pacific financial service market accounts for the largest share.

"In 2018, Finance & Insurance represented 7.45 ($1.5 billion) of US GDP."

The growth in Financial Service Market is due to increasing demand for :

  • Insurance & loans
  • End-user investment & global economic growth

As of the close of trading on March 11, 2019, the Financial Sector had a combined market capitalization of $6.97 billion and the sector pace of revenue growth in 3 Q 2019 is decelerated to 9.88% year-on-year(y/y), below the sector average, but it is expected to reach a value of nearly $26.5 trillion by 2020, significantly growing at a CAGR of 5.9% during the forecast period.

Revenue per employee in the 3 Q 2019, for Financial Sector, was $1,389,979 and according to the Bureau of Labor Statistics (BLS), the employment outlook for the finance industry is expected to grow at a .9% rate of change every year.

"A dollar today is worth more than a dollar in the future."

The most in-demand Finance Job Titles are :

  • Financial Analyst
  • Financial Branch Manager
  • Financial Examiner
  • Accountant
  • Controller
  • Budget Analyst
  • Teller

To know more about Job Titles and Mailing Lists visit the sales acceleration platform, TACTQ

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