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Financial examiners and compliance officers are now on the list of the 30 fastest growing occupations, according to the Department of Labor. Not surprising, the last report, two years ago, listed the type of financial jobs that helped fuel hedge, speculative, and Ponzi economics. Today, the list features jobs that help companies follow the rules! 

Employment in business and financial operations occupations is projected to grow by 18 percent, resulting in 1.2 million new jobs, according to the Occupational Handbook and Career Guide published by the Bureau of Labor. The report projects how many jobs the economy will generate over the next decade and in what industries and occupations. Here’s what it predicts for the finance industry:

• The finance and insurance industry is expected to increase by 5 percent from 2008 to 2018.

• Financial examiner jobs are projected to grow more than 40 percent from 2008 to 2018, mainly spurred by increasing financial regulations

• Employment in the securities, commodity contracts, and other financial investments and related activities industry is projected to expand 12 percent by 2018, which reflects the number of baby boomers in their peak savings years, the growth of tax-favorable retirement plans, and the globalization of securities markets.

• Employment in the credit intermediation and related activities industry, which includes banks, will grow by about 5 percent, adding 42 percent of all new jobs within the finance and insurance sector.

• Increasing financial regulations and the need for greater accountability will drive demand for accountants and auditors, adding roughly 279,400 jobs to this occupation from 2008 to 2018. Further, an increasingly competitive business environment will grow demand for management analysts, an occupation that is expected to add 178,300 jobs. Together, these two occupations are anticipated to account for 38 percent of new business and financial operations jobs.”

The full report paints an interesting picture of ongoing changes in the nation. Not surprising, over half of the top-growing occupations are in the area of health care – for both baby boomers and their pets.