Government finance jobs sector offers a variety of employment opportunities to students and graduates. The government is the largest employer, not only in the financial sector but in many other industries. This multi-faceted sector has jobs for every qualified person from a bachelor’s degree holder to people with a PhD. State and local governments also offer employment to a large section of society.
The average annual salaries paid by the federal government, in 2008, for statisticians was $88,520, for economists was $101,020 and for accountants was $84,520.
Government Finance Jobs: Options
People seeking government jobs can apply for the position of accounts assistant, financial accountant, management accountant, internal auditor, business analyst, finance controller and finance director. Finance auditors and accountants are responsible for preparing financial reports. They also analyze and file expenditures and revenues. The job of the tax examiner is to determine and collect taxes from citizens and businesses. Buying agents purchase supplies.
Government Finance Jobs: Hiring Process
The hiring process in government finance jobs is kept objective. Candidates whose abilities, knowledge and skills perfectly match the requirements are given preference over others.
The government hiring process is quite distinct from that of private financial institutions. A public announcement for the vacancies is carried out for every post, irrespective of whether it is a senior or junior position. The required qualification, experience and skills are also mentioned.
Candidates may have to undergo some written tests as well as a physical examination. Those who claim proficiency stand apart from others.
Government Finance Jobs: Benefits
Although the government jobs sector pays lower salaries than the private sector, the demand for government finance jobs is higher. Here are some common benefits of government finance jobs:
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Job security is the major advantage in government jobs sector. Job losses are not common, even during an economic slowdown.
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The working conditions are usually sophisticated and accommodate the requirements of the employees.
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Government employees can negotiate their work hours and also ask for flexible work practices.
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Employees in government jobs can easily change their career path by seeking further studies, career enhancement or professional support.
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The prospects of transfer to the national or international level in government jobs are high. This means extensive work experience.