Spotlight Referral Request for the R U “College and Career” Ready? Magazine – In partnership with Virginia Business Publication, LLC, the Office of Career and Technical Education is seeking CTE program completers to showcase in the 2017 edition of the R U “College & Career” Ready? Magazine. Completed referrals are due by April 11, 2016 using the CTE Spotlight Referral Questionnaire. For more information, see Superintendent’s Memo 007-16.
The Finance cluster is about planning, services for financial and investment planning, banking, insurance and business financial management. The financial industry offers many dynamic careers, and people who thrive in it are good with numbers. These jobs will require acute attention to detail. College graduates who have sales ability, customer-service skills, and knowledge of a wide range of insurance and financial services products will have the best prospects. The Securities and Investments pathway is projected to see the highest growth rate through 2022, while the Accounting pathway is projected to see the highest growth in sheer number of new jobs – nearly 7,000 jobs – by 2022.
Employment Projections: 2012-2022
The Finance Cluster, which employed slightly more than 154,000 Virginians in 2012 is expected to employ over 19,000 more workers in 2022, for a total of more than 173,000. This represents 13 percent growth over the decade, exceeding the anticipated national average growth of 10 percent growth among all occupations in this cluster, a figure which is based on Trailblazers analysis of information from Bureau of Labor Statistics.
For more information on occupations in the Finance Cluster, visit Trailblazers – Career and Technical Education in Virginia(PDF).
What They Make...
2013 Median Wage
2022 Projected Employment
Predominant Level of Education
Employed in Virginia
|Accountants and Auditors||$71,120||48,788||Bachelor's degree or more||42,022|
|Financial Managers||$126,430||16,141||Bachelor's degree or more & work experience||14,750|
|Tellers||$27,220||13,258||Some college; Associate degree||12,899|
|Financial Analysts||$81,340||11,354||Bachelor's degree or more||9,434|
|Insurance Sales Agents||$44,040||11,099||Bachelor's degree or more & training; Certification||9,841|
|Bill and Account Collectors||$32,880||10,414||Some college; Associate degree & training; Certification||9,161|
|Loan Officers||$61,170||7,740||Bachelor's degree or more & training; Certification||7,086|
|Personal Financial Advisors||$81,120||6,910||Bachelor's degree or more||5,071|
|Financial Services Sales Agents||$57,610||6,247||Bachelor's degree or more & training; Certification||5,382|
|Loan Interviewers and Clerks||$38,260||5,615||Some college; Associate degree||5,142|
|Insurance Clerks||$34,890||5,314||Some college; Associate degree & training; Certification||4,821|
|Claims Adjusters and Investigators||$59,420||4,362||Bachelor's degree or more & training; Certification||4,141|
|Budget Analysts||$80,710||3,524||Bachelor's degree or more||3,111|
|Tax Preparers||$39,230||3,097||Bachelor's degree or more & training; Certification||2,750|
|Credit Analysts||$68,770||1,791||Bachelor's degree or more||1,636|
|Insurance Underwriters||$63,590||1,706||Bachelor's degree or more & training; Certification||1,793|
|Brokerage Clerks||$38,810||1,526||Some college; Associate degree & training; Certification||1,371|
|Credit Authorizers||$28,360||925||Some college; Associate degree||960|
|Insurance Appraisers, Auto Damage||$59,830||210||Bachelor's degree or more & training; Certification||215|
|Actuaries||$79,140||Data unavailable from VEC||Bachelor's degree or more & training; Certification||Data unavailable from VEC|
Wage data: United States Bureau of Labor Statistics, May 2013 State Occupational Employment and Wage Estimates: Virginia.
Employment projections data: Virginia Employment Commission, Virginia Occupational Employment Projections 2012-2022.
Predominant education level: Trailblazers through the Demographics and Workforce Section of the Weldon Cooper Center for Public Service at the University of Virginia.
Career Cluster Planning
A resource for counselors, administrators, and educators
CTE Administrative Planning Guide (APG) – includes information to help local school divisions plan and schedule instructional programs. The APG is organized by career clusters, with a complete listing of courses, concentration sequences, and credentials available to students as they plan for career entry and continuing education. Users may access course information by cluster or by searching for specific courses or certifications.
Career Planning Guide – includes an easy way for students and counselors to look for courses to further career goals. One can search for occupations, browse by Career Clusters or favorite academic subjects.
Information and tips for instructional leaders, administrators, counselors and teachers/faculty for creating a career pathway academic and career plan of study.
Sample Academic and Career Plans of Study
School divisions are asked to develop sample plans of study based on the courses offered within their schools, the employment needs of the region, and the post-high school educational opportunities needed for these careers. Once these sample plans are developed, they can be customized to the needs of individual students so that all students have the opportunity to have an individualized academic and career plan of study.
Sample Pathway Plans of Study for Finance:
- Accounting (Word)
- Banking Services (Word)
- Business Finance (Word)
- Insurance (Word)
- Securities & Investments (Word)
- Blank Plan of Study (with fields) (Word)
Also see Sample Plans of Study for all clusters and pathways.
Report: Education, Employment and Earnings: Analyzing Data from Finance
Cluster Analysis Document for Virginia
The Career Clusters logo and its extensions are the property of the National Career Technical Foundation, as managed by NASDCTEc. Some content on this page is from the publication, R U College & Career Ready? - 2016 Edition; and is used here with permission from the Virginia Business Publications LLC and Trailblazers in the Demographics and Workforce Section of the Weldon Cooper Center for Public Service at the University of Virginia.