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Financial examiners typically work for banks and government financial institutions. Their job is to evaluate loan risk, ensure that the institution is following the law, and monitor the income and expeditors of their companies. They must be adept at writing reports and problem-solving. According to the U.S. Bureau of Labor Statistics (BLS), the field is experiencing fast growth, likely due to the need for more careful loan assessment following the U.S. recession.
Why Financial Examiner?
Financial examines will have no trouble finding open positions within the field, as banks and other financial institutions are now being held under stricter regulations than they were previously, the BLS reports. This will lead these institutions to hire financial examiners that can ensure that the institution is compliant with these new regulations. In addition, financial examiners can be awarded with competitive pay. The BLS reports that they earn an average of $74,940 annually, though individual earnings will vary.
Getting Into Financial Examiner
Financial examiners are usually required to have a bachelor’s degree. This degree should be in some area of finance, like accounting or economics. Students can enroll in online bachelors degree programs or campus-based finance degree programs. The best degree programs will encourage students to enroll in internships in their areas. Online degree programs should also ensure that students take multiple finance classes, so as to familiarize them with the work they will be doing once they graduate. Typically, graduates go on to work under experienced financial examiners for a set period of time before working independently.