What is the highest paying finance job?
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
- Financial Manager. Salary Potential: $208,000. ...
- Personal Financial Advisor. Salary Potential: $208,000. ...
- Securities, Commodities, and Financial Sales Agents. Salary Potential: $208,000. ...
- Actuaries. Salary Potential: $186,110. ...
- Financial Analyst. ...
- Accountant/Auditor. ...
- Budget Analyst. ...
- Cost Estimator.
- Lazard.
- Rothschild.
- Guggenheim.
- Bank of America.
- Citi.
- Goldman Sachs.
- JP Morgan.
- Morgan Stanley.
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
Finance careers can be very lucrative for high-performing workers, with management roles commonly earning over $150,000 annually and executive salaries often reaching even higher.
Yes, sure you can make around six figures at some of these fortune 500 corporate finance role or be an investment banking analyst making close to $200K a year just a year out of undergrad, but that's not where the real money is made in finance.
1. | Chemical engineering | $133K |
---|---|---|
2. | Computer engineering | $125K |
3. | Aerospace engineering | $120K |
4. | Electrical engineering | $112K |
5. | Mechanical engineering | $111K |
- Chief compliance officer. The top-paying finance job on our list is Chief compliance officer. ...
- Chief financial officer. ...
- Private equity associate. ...
- Hedge fund manager. ...
- Insurance advisor. ...
- Financial advisor. ...
- Compliance analyst. ...
- Information technology auditor.
Hedge fund managers can make tens of millions of dollars because of a similar compensation structure to private equity; hedge funds charge both an annual management fee (typically 2% of assets managed) and a performance fee (typically 20% of gross returns).
Finance professionals are often responsible for managing large amounts of money, making critical decisions that can have significant financial impact. Additionally, the finance industry can be very competitive, and those with specialized skills and knowledge are often in high demand.
Is finance a high stress job?
The median annual wage for business and financial occupations is $46,310 higher than the median annual wage for all occupations. Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.
The short, simple answer is: Yes, finance is still a good career path, but it will probably not be as good relative to other careers as it has been over the past few decades. If you are at a top university or business school, have the qualifications, and start early, that's fine.
People who have a bachelor's degree in finance take in $124,000 a year on average, according to data collected by Comparably. 1 However, and it becomes apparent just how many finance-related careers pay well above average. Here's a look at how you can expect to fare in some of the field's more common occupations.
A finance degree is a valuable asset to any career. With a bachelor's, you can apply for various roles, including financial analyst, accountant, financial advisor, auditor, or treasury analyst. You could also pursue a career in investment banking or stockbroking within the banking industry.
OCCUPATION | GROWTH RATE, 2022-32 | 2022 MEDIAN PAY |
---|---|---|
Information security analysts | 32% | $112,000 per year |
Medical and health services managers | 28% | $104,830 per year |
Epidemiologists | 27% | $78,520 per year |
Physician assistants | 27% | $126,010 per year |
Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.
Most finance programs require a minimum cumulative GPA of 2.0-3.0.
Some of the competitive companies require minimum GPA of 3.5. But in general, most of the companies seek for candidates with GPA 3.0 or higher. However, it is equally important to have extracurricular activities that demonstrate your experience/ interest in finance and to have outstanding interview skills.
In general, finance jobs tend to pay higher salaries than accounting jobs, although this is not always the case.
Popularity | Major | Total degrees |
---|---|---|
1 | Business | 387,851 |
2 | Health | 257,282 |
3 | Social sciences and history | 161,164 |
4 | Engineering | 128,332 |
What is the lowest paying major?
- Theology. Average salary: $40,000 per year A theology major studies various biblical and religious texts, religions and the relationship between humans and religion. ...
- Fine and performing arts. ...
- Public policy and social services. ...
- Education. ...
- Library science. ...
- Liberal arts. ...
- Psychology. ...
- English.
- Business Administration.
- Communications.
- Criminal Justice.
- English.
- Finance.
- Healthcare Administration.
- History.
- Human Resources.
$175,000 - $200,000
The required skills, knowledge, and abilities are typically acquired through a minimum of 5 years of accounting/finance management experience.
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.
Someone who has $1 million in liquid assets, for instance, is usually considered to be a high net worth (HNW) individual. You might need $5 million to $10 million to qualify as having a very high net worth while it may take $30 million or more to be considered ultra-high net worth.