LiveCareer News - Careers in Finance Begin with High School Education


Careers in Finance Begin with High School Education
14 October 2009
 Careers in Finance Begin with High School Education
Because of the uncertainty that looms in the financial industry, professionals in the field are expected to meticulously monitor trends in the movement of capital and management of spending. Similar to placing bets or budgeting for a vacation, the responsibilities of finance professionals include assessing risk and forecasting monetary returns.

Recent research suggests that more than half of U.S. high school seniors have an inadequate knowledge of finances. In response, tax preparation company H&R Block will donate more than $1 million in grants to U.S. high schools that pursue curriculums in personal finance.

Presently, only 21 states require finance education for high school students - a statistic some believe may affect the industry's future. The H&R Block grant will offer a college scholarship to students pursuing careers in finance.

"We educate teens regarding the dangers of drinking, drugs and other unhealthy behaviors, but financial stress can be just as damaging to our health," said financial psychologist, Dr. Brad Klontz. "Education on personal finance will set the stage for improved financial fitness in the future - for our teens, our families, and our country."

The Bureau of Labor Statistics expects the employment of financial analysts to grow by 37% by 2016.
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