An Influential Sector of the Modern Economy

An Influential Sector of the Modern Economy

Financial Service, an influential sector of the modern economy

The financial sector is one of the largest portions of the S&P 500. Seven out of the nine months thus far in 2019 have delivered positive returns on the S&P 500 index.

Financial Services refers to a broad range of more specific activities such as Banking, Investing & Insurance. In Global Financial Service Market the Lending & Payments market and Asia-pacific financial service market accounts for the largest share.

"In 2018, Finance & Insurance represented 7.45 ($1.5 billion) of US GDP."

The growth in Financial Service Market is due to increasing demand for :

  • Insurance & loans
  • End-user investment & global economic growth

As of the close of trading on March 11, 2019, the Financial Sector had a combined market capitalization of $6.97 billion and the sector pace of revenue growth in 3 Q 2019 is decelerated to 9.88% year-on-year(y/y), below the sector average, but it is expected to reach a value of nearly $26.5 trillion by 2020, significantly growing at a CAGR of 5.9% during the forecast period.

Revenue per employee in the 3 Q 2019, for Financial Sector, was $1,389,979 and according to the Bureau of Labor Statistics (BLS), the employment outlook for the finance industry is expected to grow at a .9% rate of change every year.

"A dollar today is worth more than a dollar in the future."

The most in-demand Finance Job Titles are :

  • Financial Analyst
  • Financial Branch Manager
  • Financial Examiner
  • Accountant
  • Controller
  • Budget Analyst
  • Teller
An Influential Sector of the Modern Economy

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