Career Trends: Financial Examiners

Financial examiners ensure compliance with laws governing financial institutions and transactions. They review balance sheets, evaluate the risk level of loans, and assess bank management.

Most financial examiners work for the finance and insurance industry, the federal government, or state governments. Most financial examiners worked full time in 2014.

Financial examiners typically need a bachelor’s degree that includes some coursework in accounting. Entry-level examiners are trained on the job by senior examiners.

Employment of financial examiners is projected to grow 10 percent from 2014 to 2024, faster than the average for all occupations. New regulations will likely create a need for more examiners, especially in financial institutions.

This occupation supported 29,200 jobs in 2012 and 38,200 jobs in 2014, reflecting an increase of 30.8%. In 2012, this occupation was projected to increase by 6.5% in 2022 to 31,100 jobs. As of 2014, to keep pace with prediction, the expected number of jobs was 29,500, compared with an observed value of 38,200, 29.5% higher than expected. This indicates current employment trends are much better than the 2012 trend within this occupation. In 2014, this occupation was projected to increase by 13.0% in 2024 to 42,000 jobs. Linear extrapolation of the 2012 projection for 2022 results in an expected number of 31,400 jobs for 2024, 25.2% lower than the 2014 projection for 2024. This indicates expectations for future employment trends are much better than the 2012 trend within this occupation.