8 Highest paying Finance Jobs

Many people seek for work in finance since it is one of the highest paying finance jobs in industries in the United States and across the world. The typical salary for a financial manager is $127,990 per year, and the job market for financial managers is expected to grow 19 percent from 2016 to 2026, which is much higher than the average for all professions.

In the beginning of a career in finance, one may expect to work long, exhausting days, but those who persevere will be rewarded with high salaries and, in most cases, reduced workloads as they rise through the ranks. Check out the top paid jobs in finance or the highest paying finance jobs that we’ve compiled if you’re interested in a lucrative career path.

Which Financial Job Is Best for Me?

The field of finance is expanding beyond the ranks of those who excelled in mathematics in college. The majority of those who work in banking and related fields have degrees in the social sciences and humanities. Some professionals in the banking business will have a Ph.D. in data science, but others may get to similarly high pay grades by connecting with customers, identifying patterns, and putting in long hours. Knowing where you want to go with your career in finance and what training or credentials you’ll need to get there is essential before starting out in the area.

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What is highest paying finance jobs?

1. Investment Banker

Average salaries listed on Glassdoor vary from $81,000 to $183,000.

The work of an investment banker extends far and broad throughout the financial sector. Funds are often raised by investment bankers via the issuance of debt or the sale of stock in their customers’ businesses. Additionally, they help with mergers and acquisitions and advise customers on investment possibilities and strategies. Aspiring investment bankers need a strong work ethic and the ability to put in long hours.

2. Equity Analyst

Average salaries listed on Glassdoor vary from $64,000 to $164,000.

Investors and banks hire equity analysts to assess public companies’ stock prices and forecast their future performance. Quantitative and qualitative methods are used to analyse financial data, public records of firms, and current news, among other sources, to complete this sort of study.

3. Financial Analyst

Average salaries listed on Glassdoor vary from $49,000 to $89,000.

Financial analysts, like equity analysts, employ quantitative and qualitative techniques to investigate the behavior of various assets (such stocks, bonds, and commodities) in order to advise organizations and people on how to best allocate their capital. Financial analysts may also provide input on strategic financial choices for businesses.

4. Credit Risk Manager

Average Salary estimated on Glassdoor vary from $67,000 to $134,000.

Financial organizations may benefit from the rules and processes that credit risk managers create, implement, and maintain. Their work involves, among other things, the creation of financial models to foresee the potential for credit risk exposure, as well as the ongoing monitoring and reporting of credit risk to their respective employers. Credit risk management is a highly quantitative field that often requires a master’s degree in the field.

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5. Director of Financial Planning and Analysis

Average Salary listed on Glassdoor from $113,000 to $175,000.

Budgets, long-term plans, studies, and projections all fall within the purview of the director of financial planning and analysis, who is also responsible for ensuring their accuracy. A master’s degree in business administration (MBA) or a degree in accounting (or finance) is often needed for this position, and certification as an accountant may also be necessary.

6. Tax Director

Salary estimates on Glassdoor vary from $123,000 to $210,000.

Financial institutions’ tax compliance, tax strategy, and tax accounting are all under the purview of the finance department’s “tax director.” Bachelor’s degree and years of accounting and tax expertise are usual prerequisites for this role. Tax directors often report to the company’s upper management.

7. Analytics Vice President

Average Salary listed on Glassdoor vary from $127,000 to $230,000

A company’s data gathering, and analysis are overseen by the vice president of analytics. This information is used to help in crucial corporate operations, including strategy formulation, promotion, and business expansion. This job usually reports to the company’s top brass, and this has made the positions one of the best paying jobs in finance.

8. Managing Director of Investment Banking

Average salaries estimated on Glassdoor vary from $110,000 to $315,000.

This is one of the top paying job positions in the financial industry, when you are a managing director at an investment bank or in investment banking. Directors of large banks regularly meet with the bank’s most valuable customers. They devise plans to maximize profits, and then steer teams charged for carrying those plans out.

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Different Options in the Finance Career Path

Common questions most people like to ask, Is finance a good career path? The answer is Capital YES. A bachelor’s degree is often required for entry-level positions in the financial sector. While a background in finance, business, economics, or mathematics might help you get your first job and excel in the area, anybody with a quantitative background (which includes majors like English and history) can succeed in the industry.

Professional certifications like the Chartered Financial Analyst (CFA) or the Certified Financial Planner (CFP) are prerequisites for several positions in the financial services industry. Getting a master’s degree in business administration (or a comparable field) or a doctorate in economics (even better) may sometimes increase salary expectations instantly. Although the banking business isn’t usually recognized for laid-back hours and stress-free work conditions, putting in the time and effort as a junior employee may pay off in the form of increased income and fewer hours worked later on.

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