What is the highest paying job in finance?

What is the highest paying job in finance?

Finance jobs can be incredibly lucrative professions for people who have strong mathematical and analytics skills. The industry of finance is broad and includes everything from banking and investments to financial technology, or Fintech, as it’s commonly known. If you’ve been thinking about starting a career in finance but are unsure of which way to go, you’re in the right place. In this article, we’ll share the highest paying finance jobs.

What kinds of finance jobs are available?

Finance offers an inspiring number of opportunities to specialize for people who are interested in the field. These high-paying opportunities exist in one of six categories, as described below:

• Corporate careers: These are chief executives and other jobs at enterprise businesses and corporations both public and private. These types of jobs are often in an office and hold more traditional hours.

• Advising: Advisors guide individuals to products, whether it be insurance or investments or banking products, they usually work on a commission or bonus structure which makes this a fairly lucrative career. Advisors need to combine financial expertise with sales acumen.

• Fintech: Financial technology accounts for financial programmers and even some of what CFOs do. In today’s typical enterprise business, finance departments support technology infrastructure allowing for Fintech to overlap a number of other professions in finance.

• Investments: Financial professionals who work in investments are responsible for putting capital into portfolios that help individuals and companies growth wealth.

• Accounting: Accountants and their associates provide an important financial service in helping businesses and individuals keep financial records, be in financial compliance with regulatory agencies and manage budgets and spending.

• Lending: People who work in lending help customers select loans, or perform some of the operational duties of helping customers secure loans.

1. Investment banker

National average salary:$ 61

Primary duties: Investment bankers manage the portfolios of businesses and government agencies that invest in a number of different businesses. These professionals help clients raise and invest capital in a way intended to help the business achieve its financial growth goals.

2. Information technology

National average salary: $63

Primary duties: IT auditors usually work for government agencies or private companies to confirm the technology infrastructure meets compliance needs and other enterprise IT needs. They spend their days conducting audits and should be skilled at doing so, which sometimes requires certification.

3. Compliance

National average salary: $64

Primary duties: This is a financial professional who audits a business for compliance against standards set forth by various governing agencies. The finance industry is very compliance-driven since long-term economic stability and financial growth relies on established standards. Compliance analysts review data, process and financial infrastructure to ensure regulations are met.

4. Financial advisor

National average salary: $66,931 per year

Primary duties: These are professionals who help customers identify short- and long-term financial goals and lead them to products that make sense. The duties of an insurance advisor include being knowledgeable of insurance products, working closely with underwriters and people in risk assessment and being a primary point of contact for clients.

5. Insurance advisor

National average salary: $67,263 per year

Primary duties: Insurance advisors help customers find the best insurance products to meet long- and short-term insurance needs and provide guidance on purchasing decisions with regard to insurance for people, home, auto, investments and more.

6. Financial analyst

National average salary: $69,419 per year

Primary duties: Financial analysts comb through financial data to help business stakeholders make informed decisions about company finances. They work for financial institutions like banks, funds, insurance companies and more to support the buying decisions and needs of customers all over the country.

7. Senior accountant

National average salary: $72,639 per year

Primary duties: Senior accountants are usually at the top of an accounting hierarchy and are responsible for the day-to-day duties of accounting. They perform tasks like being accountable for sticking to budgets, meeting accounting goals and overseeing corporate expenditures.

8. Hedge fund manager

National average salary: $98,256 per year

Primary duties: Hedge fund managers perform similar duties to investment bankers, but work with higher risk and reward portfolios for investors who pool their capital to make investments in hedge funds. Hedge fund managers must monitor markets to protect investors, and for that reason, they are awake early and leave the office late. Hedge fund investing is rarely a career with typical full-time hours.

9. Financial software developer

National average salary: $106,124 per year

Primary duties: Financial software developers work in the growing Fintech space, creating programs that meet the needs of financial institutions and end-users.

10. Private equity associate

National average salary: $108,152 per year

Primary duties: These professionals network with investors to gain private equity they then apply to business investments that diversify the investors’ portfolios.

11. Chief financial officer

National average salary: $127,729 per year

Primary duties: The duties of a CFO are vast and include overseeing analysts and budgeting, making cost-related decisions about technology infrastructure and managing financial teams.

12. Chief compliance officer

National average salary: $128,380 per year

Primary duties: Chief compliance officers oversee all duties and departments related to meeting requirements of compliance standards. CCOs deal with policy management and compliance monitoring to help businesses operate most efficiently and avoid non-compliance fees.

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