Highest Paid Finance Jobs
The finance industry is far and away the most competitive today, and a career in finance can be extremely lucrative. With salaries often exceeding $1 million per year, it’s been argued that a career in finance can be as much about who you know as what you know. Nonetheless, there are a number of qualifications that every finance employee needs to have in order to land a job with the big boys.
Regardless of your area of expertise, some sort of academic qualification is necessary, from an undergraduate degree in commerce or business administration to a postgraduate master’s degree (MBA) in management information systems (MIS). In addition, any form of industry qualification, such as the Chartered Financial Analyst (CFA), will seriously boost your chances. A significant amount of on-the-job experience is likewise essential for any aspiring finance professional. The following are the 10 highest-paid finance jobs out of the top 100 highest-paying jobs.
1. Investment Banking.
While many investment banking jobs require a lot of time and energy to get in, with an average salary of just over $100k per year, including bonuses, it’s easy to see why this is the highest-paying finance job. This job requires you to be able to understand clients’ businesses very well and help them achieve success through their personal investments or assets, which are usually private equity deals or mergers and acquisitions. Qualifications for this job include an investment banking degree or MBA with previous experience in the field.
2. Financial Analyst.
This is another highly sought-after finance job that requires you to understand a company’s financial information over time and assist them in being ready for any changes. This is done by researching the customer’s current status and producing reports on things such as the trends of their business, revenues and costs, which could be used by the company to set budgets for new products or services. These quotas can be set for many different companies, so this position is not only available in large corporations but also with small businesses as well. Qualifications for this job include an accounting degree or a finance degree with many internships,
3. Personal Financial Advisor.
Yes, you can start by providing advice to your friends or members of the family, but you can also start by earning a salary as a personal financial advisor. This is a high-paying finance job that requires you to be able to create financial reports for investors who are looking for help with their finances and investments. You must have previous experience in stock market analysis and be able to track investments that they have made over time. Qualifications required for this job include a finance degree and work experience.
4. Actuary.
Accounting has never been more in demand than it is today, and these high-paying jobs are helping to change the face of business with the way they deal with finances through information technology. This is a financial position that requires you to evaluate risks using statistics, insurance and other data to develop strategies for companies or individuals who deal with vast amounts of money on a daily basis. This position also requires you to create scenarios that could result in loss of income, profits, an economic crisis and other scenarios impacting many people’s lives. To do all of this, you must be able to understand the different types of insurance for various risks and be able to assist with the cost of that insurance. Qualifications for this job include a major in mathematics and work experience.
5. Investment Bank Analyst.
As the name implies, this is a job that requires you to be able to understand the financial aspects of a company, its products or services, pricing strategies and their overall performance over time in order to be able to advise clients on investments or mergers and acquisitions. These jobs require a finance degree from an accredited university as well as many previous internships and work experiences. This position also includes responsibilities for mastering new technology so that you are ready for any changes in the field.
6. Private Equity Fund Manager / Principal Person.
This is a high-paying finance job that requires you to be able to put your money where your mouth is as you and other investors pool your money to invest in companies. This work involves making decisions on what companies to invest in and which ones are the best fit for their investment goals. These jobs require you to have a finance degree and previous experience in private equity firms so that they can provide the best resources for their clients.
7. Economist.
Another highly paid finance job that requires you to be able to analyze data and trends in order to be able to advise others on their productivity, cost of labor and other aspects of business. With the goal of raising the effectiveness of a company and its customers when it comes to their finances, this position requires you to have a finance degree, be able to understand and implement financial calculations and be able to analyze numbers from other areas such as production, sales and more. These jobs also require that you are able to quickly learn new technologies that are available for analyzing the information.
8. Financial Risk Manager.
This is another finance job that requires you to understand the risks that all investments face, the companies that can afford those risks and what will be the outcome of those risks. To do this job well, you must have a significant amount of work experience in risk management and demonstrate your ability to communicate with others on this topic.
9. Financial Consultant or Company Secretary / Office Manager.
These are high-paying finance jobs that require you to have knowledge about accounting, financial management principles, tax forms and more. You must have excellent communication skills as well as organizational skills and analytical abilities in order for this position to work out for you. Qualifications for this position include a finance degree and many internships, previous work experience and study in the industry.
10. Market Researcher / Analyst.
As the financial world continues to change with technology, globalization and other factors that affect purchasing decisions, companies need to know more about their target markets to bring them the best products or services for their needs. This is a job that requires you to have an analytical mind and be able to research different types of companies and consumers to determine how they would react to different factors, such as new products or costs, and how they would respond to those changes. This position also requires you know the economy and financial markets. This job can often require you to travel extensively to different locations to determine what consumers are interested in and where they spend their money. Qualifications for this job include a minimum of an undergraduate degree and many internships prior to being employed by the company.
Conclusion
Now that you have some education for high-paying finance jobs, you can get to work on your career and secure financial growth for yourself. Moving up from one of these entry-level positions to a higher pay position requires you to learn new skills and take on more responsibility. Education is key in this field, but you also need the desire to keep learning about new aspects of finance so that you stay ahead of the curve when it comes to growth in your career. The more knowledge you have about different areas of this business, the better off your career will be as it grows.