Finance jobs can be lucrative. This means they are in high demand, with entry requirements as high as some salary plus bonuses. This blog aims to provide a list of the Top 10 highest paying finance jobs in the USA, highest paying finance manager jobs, etc.
From Wall Street investment firms to reputable banks, most international financial institutions offer attractive salaries and multi-faceted benefits to financial analysts and advisors. In addition, because finance courses cover a wide range of topics, students are prepared for different branches of finance. Commercial banking, financial planning, investment banking, money management, and insurance are some promising financial career options.
Skills Needed for Jobs in Finance
Today, it is very difficult to get a job in the financial sector with only industry-specific skills. Interpersonal skills that demonstrate your ability to understand, communicate, problem solve and lead are also sought after. Below is a list of some of the skills that employers in the financial sector are looking for in candidates.
Top 10 Highest Paying Finance Jobs in the USA
The list of highest paying finance jobs in USA 2022 is given below-
1. Financial Analyst
Average Salary: $62,176
A financial analyst studies and understands current economic trends and analyzes where to invest strategically. Analysts advise their clients according to their needs and according to the amount of investment required. Financial analysts differ from investment bankers because the former does not take client money to invest, unlike the latter. Multinational companies and large banks hire financial analysts to determine their financial health by measuring risks and growth prospects. Degrees in data analytics or big data help financial analysts’ careers and make their job easier.
2. Investment Banker
Average Salary: $101,237
Investment banking has been one of the most lucrative businesses since its inception (started by the Dutch East India Company). This job is one of the highest paying finance jobs in the USA. Investment banking is a specialized banking industry where bankers raise capital from various government agencies and companies and develop it by investing in different locations and providing high returns for both investors and themselves.
3. Loan Officer
Average Salary: $49,008
The main job of a loan officer is to authorize loan approvals to businesses or individuals after assessing their assets and ability to repay. The loan officer’s salary depends on the type of loan they sanction. Commercial loan officers earn significantly higher commissions and bonuses than consumer loan officers.
4. Compliance Analyst
Average Salary: $59,708
Professional compliance analysts evaluate organizations against the standards of various government agencies. Financial markets depend on long-term economic stability and financial growth based on international economic standards. As a result, global finance is primarily driven by compliance. Naturally, listeners have been in high demand over the past decades and will continue to do so in the years to come.
5. Accounts Manager
Average Salary: $56,500
The accounts manager is generally responsible for overseeing the completion of ledgers and financial statements. Organizations may require individuals to hold a CPA certification and at least seven years experience in the accounting field before they can assume this role.
Average Salary: $52,163
Senior accountants supervise junior accountants who handle day-to-day operations. They also prepare financial reports and make sure taxes are filed on time. Senior accountants are responsible for ensuring the company meets its annual budget and accounting goals. They also oversee the expenses incurred on corporate events.
7. Financial Software Developer
Average Salary: $106,124
Fintech is a booming industry. The technology that governs specific areas of finance requires more monotonous work and less intelligent input from humans. From online insurance to premium deposits, AI-powered apps and software accomplish a variety of tasks.
Since it is a research and development division, financially capable software developers are always in demand. Bigger skills provide bigger paychecks. Developing successful apps can turn developers into millionaires.
8. Hedge Fund Manager
Average Salary: $145,162
Hedge funds made headlines in the early 2000s when they delivered record performances that beat the market. Although after the economic crisis of 2007 and 2008, some factors such as taxes and transaction fees took a hit, they still provide high returns on high investments.
Hedge fund managers deal with these funds. Their jobs are similar to those of investment bankers, but hedge fund managers work with more money, higher risk, and increased returns. A fund manager makes a lot of money but has to devote all his time to his job. It’s hard to manage such large sums, but the money pays for it.
9. Personal Finance Advisor
Average Salary: $70,037
Personal Financial Advisors are experts who present their clients with a comprehensive model of how to increase their savings and hard-earned money channel. They indicate an investment path through which a client can have a solid estate plan, save for college, save on taxes, buy proper life insurance, and more high profit risk.
A bachelor’s degree in finance is required to get an entry-level job as a financial advisor. However, for future career growth, an MBA works best.
10. Private Equity Associate
Average Salary: $96,764
Private equity associate is one of the highest paying finance jobs in the USA. The job of a private equity associate is to produce a detailed research and analysis report on the current performance of all of the company’s investments. In addition, they oversee the operations and build the financial portfolio for the employer organization. When new funds are needed for new investment, the private equity associate must do the initial fundraising.
Typically, experienced investment bankers or financial analysts take on the role of private equity associates after years of experience in the field.
A prerequisite skill for a budding private equity associate is a good understanding of statistics, data analysis, and math.
So, this was all about the highest paying finance jobs in the USA. Despite their differences, common characteristics apply to many financial professions. There is stiff competition among applicants, barriers to entry are high, and the work tends to be stressful but offers attractive pay. They can also be located in major financial centers.
While the work environment can be challenging, the job generally involves interacting with energetic and intelligent co-workers. Most jobs require substantial training as well as an excellent academic record.