By Christopher S. Rugaber, AP Economics Writer
WASHINGTON (AP) — People who could help financial firms make a quick buck held some of the fastest-growing jobs two years ago.
In coming years, more jobs will go to those who can help them follow the rules.
Financial examiners and compliance officers are expected to be two of the nation's 30 fastest-growing occupations over the next 10 years, according to a Labor Department report released Thursday.
Two years ago, financial analysts — the people at investment firms who pore over stocks and bonds — were on that list. But one financial crisis later, their occupation has fallen out of the top 30.
Robert Johnson, senior managing director at the CFA Institute, a membership group for money managers and financial analysts, said the report is good news for the financial markets.
"The finance industry grew so rapidly that people were attracted for the wrong reasons," he said. "People were buying and selling assets they didn't understand."
If securities firms and other institutions increase their focus on compliance, "that's wonderful news for investors," he said.Financial examiner jobs are projected to grow more than 40% from 2008 to 2018, the department's report said. Examiners are employed by banks, insurance companies and other firms, as well as by the government agencies that regulate them. They're charged with ensuring that the firms comply with the state and federal rules that govern their industries. The occupation will account for 38,000 jobs in 10 years, the department said.