Finance Jobs in New York City
Finance Jobs in New York City,Those interested in the field of Finance will find that there are plenty of available opportunities. Many of these jobs are in Accounting, Banking, and Private organizations.
Accounting
Whether you want to start a career in financial accounting or you’re looking to upgrade your skills, there are plenty of opportunities available in New York City. The city is home to many multinationals, including the New York Stock Exchange and NASDAQ. It is also the largest regional economy in the United States, making it one of the best places to look for accounting finance jobs.
A growing fintech industry will create a lot of opportunities for finance professionals. In addition, the industry is growing at a rate of 8 percent, according to the Bureau of Labor Statistics. This will create 750,800 new jobs over the next ten years.
Accountants are hired to help companies prepare financial statements and reports. They may also develop internal policies and procedures. Qualified accountants can work in large organizations, junior positions, and small businesses.
Applicants must have a bachelor’s degree in accounting, finance, or related fields. They can also qualify for senior-level positions.
The national average pay for an accountant is around $41,000 to $72,000 a year. Those with experience can command over $100,000 a year. The Bureau of Labor Statistics predicts an 8 percent growth in financial occupations over the next ten years.
An Accounting Assistant will assist an Accounting Manager with the day-to-day operations of the Accounting department. They will perform basic office tasks and collect information from the general ledger system. They may also delegate tasks to others.
Banking
Among the numerous Finance jobs in New York City, a good place to start your search is the city’s Department of Financial Services. It’s an equal opportunity/affirmative action employer and offers competitive salaries and benefits. In the same vein as the Department of Transportation, the Department of Financial Services is home to the state’s largest bank, Bank of America.
The Department of Financial Services boasts an impressive arsenal of state-of-the-art banking products and services. The department is also home to the New York State Department of Financial Services, which offers a wide array of financial services including insurance, retirement, credit, mortgages, and other financial services. The Department of Financial Services is also the largest provider of commercial mortgages in the state. This department has an average loan size of over $5 billion. Among the financial services offered by the department, the most popular is mortgage lending. In other words, the department handles the loan application process and the administration of all residential mortgages.
The Department of Financial Services also boasts one of the largest credit card processing operations in the state. This department handles the processing of over one billion credit card transactions annually. In addition, the department also administers over 200 credit card processing facilities. Moreover, the department offers a wealth of financial services and products that cater to all types of business customers. The department also offers several employee training programs and has a robust compliance program.
Private organizations
Despite a bleak outlook for the stock market, New York City remains a world capital of finance. The city’s financial services industry occupies more than a quarter of its office space, providing a healthy chunk of the state’s tax revenue. And as the stock market continues to tumble, the sector is showing signs of recovery.
The city’s municipal workforce has lost thousands of full-time jobs over the past two years. While this may not sound like a big deal, the city is on a budget, and the financial markets continue to be a concern. For this reason, the city should be cautious with its budget.
The city’s financial services industry accounts for a substantial amount of the state’s tax revenue, and the industry is the state’s biggest employer, providing an estimated 22 percent of the workforce. While the city has added 85,000 private sector jobs since Mayor Eric Adams took office in January 2022, the sector’s share of the workforce is down slightly from two decades ago. This is in part due to the stock market’s downturn. The city’s share of national sector employment has also been on the decline.
Despite these developments, the City’s total private sector employment remains 200,000 jobs short of pre-pandemic levels. While the city’s total private sector employment has been on a steady upswing, the best job growth has come from its largest sectors.
