6 Finance Degree Careers With The Highest Salary
Do you hold a degree in finance?
Then, you have several alternatives for finding a well-paying work. The Top Highest-Paying Careers for a Financial Degree may be found here:
With a degree in finance, you can find the highest paying positions after those in the medical industry. A Bachelor’s in Economics, Business Administration, Commerce, or any comparable discipline is acceptable as a prerequisite for a degree in finance.
A Bachelor’s degree is typically required for entry-level finance positions. Jobs can be found in a variety of industries, including banking, investments, insurance, financial management, tax and accounting, etc.
Jobs in finance are in high demand right now. There are now many employment for Financial Advisers, Insurance Advisors, Private Banking Analysts, etc., which compensate the jobholders well thanks to the growth of the banking and investment sectors.
In addition to this, passing the CPA certification exam qualifies you to work as an accountant or tax director. Although the position of an auditor (internal auditor, information technology auditor) is one that pays well, employers look for candidates with strong experience.
What Do Careers in Finance Pay?
Jobs in finance typically pay highly since there is a high demand for them. In the financial industry, even a newbie might anticipate earning $50,000 to $60,000 per year. You have a variety of options for landing higher-paying employment in the field as you gain expertise.
This article will provide you with information about the highest-paying positions in finance, including finance salaries, job requirements, and more. Learn about your financial career’s potential for advancement by reading this article.
List Of The Best and Highest-Paying Financial Positions
1. Investment Banker
A person who provides consulting services to clients who have little to no expertise about how and where to invest their money is known as an investment banker. Some investors choose to hire an investment banker if they are well-versed in the investment market but lack the time to keep an eye on it.
These services are sought after by firms, governments, and other entities looking to make quick returns on their investments.
Salary range: $35,000 to $300,000.
Job Responsibilities: An investment banker’s responsibilities include:
- Conducting detailed market research and advising clients on when and where to invest their money to achieve the best results.
- They take on the role of lenders as well. They invest the money they borrow from their customers and pay it back with interest after a predetermined amount of time.
If you only have a bachelor’s degree, you can work as an entry-level employee for an investment banking firm. You can also choose from a variety of Certificate or Diploma programs offered on platforms like Udemy, Coursera, etc.
2. Financial Analyst
A financial analyst basically examines an organization’s finances, potential for capital expansion, etc. A good, seasoned financial analyst is essential and can be very helpful to a business’ expansion.
Pay range: $60,000 to $120,000 annually
The responsibilities of a financial analyst include the following:
- Creating financial modeling strategies.
- Giving reports and conducting market analysis.
- Consulting services.
A financial-related bachelor’s or master’s degree, particularly in economics, statistics, business administration, etc.
3. Financial Advisor
A personal finance advisor is a skilled or seasoned individual who may guide their clients toward achieving financial progress by providing them with advice on how to effectively utilize their resources.
To plan (retirement planning, budgeting, etc.), develop long- and short-term investment strategies, etc., people look for a finance advisor. One of the highest-paying positions in the banking and consumer services sector is this one.
Annually in salary: $55,000 to $110,000
- Meeting clients, learning about their objectives, and making appropriate plans.
- Convincing prospective Customers to work with them.
Qualifications, degrees, and further conditions:
- First and foremost, in order for customers to trust you with their money, personal finance advisors need to have strong persuasion abilities, pleasant job histories, and a decent reputation.
- A Bachelor’s or Master’s degree in a financial subject is required to be hired as a Financial Advisor at an entry-level position. Better experience is needed for higher positions.
4. Finance Manager
Financial managers have years of expertise in the industry. They take over an organization’s financial management. One of the highest-paying positions in finance is it.
The position of financial manager is highly sought-after and well-paid, but in order to get hired, you must have extensive financial knowledge.
Salary range: $90,000 to $150,000 annually
A financial manager’s job responsibilities include:
- Recognizing the financial objectives of the company.
- Advising an Organization’s senior managers on how to use the financial resources of the business to achieve its objectives.
- Creating and maintaining predictions and financial reports for the business.
To be employed as a Financial Manager, you must have at least a Bachelor’s degree in finance and at least five years of relevant experience.
5. Manager of Financial Risk
A financial risk manager carefully examines an organization’s financial situation in order to identify potential risks and develop plans to address them should they arise.
Salary range: $40,00-$220,000 annually.
The following tasks are within the control of a financial risk manager:
- Comprehends a company’s financial situation.
- Examines the dangers present.
- Create plans and strategies to enable the business to respond in the event of a threat brought on by a potential risk.
- After earning your Bachelor’s degree in finance, you must pass the FRM-I and FRM-II tests to become a certified financial risk manager.
- A minimum of two years of professional experience as a portfolio manager, risk consultant, etc. is also required.
6. An Economist
What to produce, how to produce, and for whom to produce is the fundamental tenet of economists’ job.
In order to maximize client happiness, an economist considers factors such as resource availability, product demand and supply, current and economical manufacturing techniques, consumer preferences and taste, and other little aspects.
Salary ranges from $60,000 to $200,000.
- Examines the resources that are available.
- Researches the market’s supply and demand for the product as well as the most practical, profitable operating methods.
A bachelor’s degree or higher in economics is required.
Hope you were enlightened!