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Banking industry jobs to increase

Wall Street plans to add new positions in 2014, according to CNBC. The banking industry is slated to see the creation of jobs across the board, though the majority of availability will be lower-level employment opportunities. There will be a few openings for mid- to senior-level executives, but large banks will not be hiring for upper-level management anytime soon.

According to the most recent Glassdoor report, 41 percent of currently employed workers in the finance sector found that the outlook was getting better. John Challenger, CEO of global outplacement firm Challenger, Gray & Christmas, told CNBC that openings would occur in hedge fund, asset management and private wealth firms.

"They are adding to audit, risk control and risk management, and on the financial reporting side," Challenger said, as quoted by the news source.

Challenger also predicted that the industry will move away from large corporations and toward small firms and midsize companies, something that bodes well for the future job market. While firms are expected to hire in the upcoming year, positions will be competitive as spring graduates vie for employment. Michelle Renz, director of research communications at the Graduate Management Admission Council, told the news source that individuals equipped with masters of finance and accounting degrees would be best off this upcoming year.

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