What Do Financial Specialists, All Other Do?
Financial Specialists, All Other is a category that includes the following occupations: •Financial Quantitative Analysts•Fraud Examiners•Investigators and Analysts, Investment Underwriters•Risk Management SpecialistsThese occupations involve reviewing accounts and other financial information, and applying your financial expertise for various degrees of consultation and management.
Financial Specialists, All Other Skills and Abilities
To be able to perform in this role you will need to possess a high level of mastery of Mathematics, as well as computers and electronics. Some of these roles involve working with and consulting other people, so you will have to be good when it comes to customer service. A high degree of reading comprehension will be needed to understand the day-to-day documents. Being analytical in this position is key, and you will be applying your critical thinking skills to determine how a system works, how it should be working, and what changes need to be made for it to be the way it needs to be.
Financial Specialists, All Other Duties
Depending on which of these roles you occupy, there are a number of duties you could find yourself involved with. As a Financial Qualitative Analyst, you could be researching and assessing the impact of current events on business financial issues, and developing your own core assessment strategy. Aside from developing the analysis methods, you will be preparing financial documents and reports. Fraud Examiners, Investigators, and Analysts investigate and document possible sources of fraud, analyzing the data to determine what action needs to be taken, sometimes serving subpoenas or even arresting parties responsible for fraud. Investment underwriters serve as a counsel for possible investment opportunities, doing the research and advising which investments will yield the most profitable results. Risk management specialists analyze financial data and assess risks for business operations, and developing contingency plans for in the case of emergency, but ultimately functioning to stave off any such emergencies before they occur.
Financial Specialists, All Other Tools and Technology
Amongst the four occupations, there is a bit of variance, however, here are some of the tools you will see being used by all Financial Specialists, All Other:
- Desktop computers
- Mainframe computers
- Notebook computers
- Personal computers
- Laser Fax Machine
- PhotocopiersBeyond this hardware, there is some technology and software with which you will want to be proficient:
- Electronic mail software
- Financial analysis software such as Moody’s RiskCalc
- Microsoft Office
- Analytical or scientific software such as SAS
- Accounting software
For more detailed lists, look at the pages for each of the four individual occupations.
Education and Training for Financial Specialists, All Other
Most Financial Specialists, All Other have obtained their Bachelor’s degree, with a good amount holding Master’s and above. Learning about General Finance or Financial Mathematics will really boost your performance with these kinds of jobs. Your degree program should focus on similar topics, giving you a well-rounded basis to understand and make all of the important financial decisions that such roles involve.
Financial Specialists, All Other Salary
Financial Specialists, All Other make very good salaries. The lowest paid workers make about $37,000 in a year, while the top 10% make over $100,000, at around $50 per hour. The median pay for Financial Specialists, All Other fall right about in the middle, at $30 per hour.
Financial Specialists, All Other Jobs by Geography
The highest paid Financial Specialists, All Other work in DC and New York. The northeast region pays out a lot, with Massachusetts and Pennsylvania falling close behind. Arizona and Texas will see the highest growth in this industry over the next decade, with California, Texas, and New York currently employing the highest numbers. While the industry is growing in most states, it has taken the biggest decline in the highest-paid area of Washington DC, making the jobs in especially high demand there.