Finance work can be incredibly profitable for those with good mathematical and analytical abilities. Finance is a wide industry that encompasses anything from banking and investments to financial technology, or Fintech as it’s often called. If you’ve been considering a finance career but aren’t sure where to begin, you’ve come to the right spot.
What kinds of finance jobs are available
Finance provides a wide range of specialization options for those who are interested in the industry. These high-paying jobs fall into one of six groups, which are listed below:
1. Corporate careers
Chief executives and other offices in enterprise companies and organizations, both public and private, are examples of corporate occupations. These workers are usually in an office and have more conventional working hours.
Advisors help people choose goods, whether it’s insurance, savings, or banking, and they normally operate on a fee or incentive basis, making this a successful profession. Advisors must have both financial and sales experience.
Financial technology includes financial programmers and even certain CFO responsibilities. Finance departments support technology infrastructure in today’s traditional enterprise sector, enabling Fintech to intersect with various other financial careers.
Investment managers are in charge of bringing money into portfolios that help individuals and businesses increase their wealth.
Accountants and their staff offer a valuable financial service by assisting companies and individuals with financial statements, regulatory enforcement, budgeting, and expenditure management.
People who work in lending assist customers in selecting loans or conduct some of the operational tasks associated with assisting customers in obtaining loans.
Highest paying finance jobs
1. Investment banker
Investment bankers control the portfolios of companies and government entities that make investments in a variety of industries. These experts assist clients in collecting and managing capital in a way that aids the company’s financial growth objectives.
An individual earning at the post of an investment banker can earn $ 62000 annually.
2. Information technology auditor
An information technology auditor earns $63000 annually.IT auditors are typically employed by government agencies or private businesses to ensure that the technology infrastructure meets enforcement and other enterprise’s IT requirements. They spend their days performing audits and should be proficient at it, which could require certification.
3. Compliance analyst
This is a financial professional who examines a company’s compliance with different regulatory agencies’ standards. To ensure that regulations are followed, compliance analysts examine records, processes, and financial infrastructure. They normally earn $65000 annually.
4. Financial advisor
Some individuals assist consumers in assessing their short- and long-term financial objectives and directing them to suitable goods. An insurance advisor’s responsibilities include being informed about insurance products, collaborating closely with underwriters and risk assessors, and serving as a primary point of contact for clients. The income of financial advisors is near about $67000.
5. Insurance advisor
Insurance advisors assist consumers in finding the right insurance options to suit their long- and short-term insurance needs, as well as offering recommendations on buying decisions for personal, home, auto, and investment insurance.
The insurance advisor has a salary of normally about $67500.
6. Personal finance manager
An individual opting for a personal finance manager can earn nearly $ 87000.
Personal financial planners provide clients with a wide range of issues, including pensions, life insurance, college savings, estate planning, taxation, and retirement planning. A bachelor’s degree in finance or accounting is suitable for obtaining an entry-level role. A master’s degree in finance or an MBA will help you advance in your career.
7. Financial analyst
Financial analysts browse through financial data to assist business owners in making informed financial decisions. They help consumers’ purchasing decisions and needs around the country for financial institutions such as banks, trusts, insurance firms, and others. The annual salary of a financial analyst is $70000.
8. SENIOR ACCOUNTANT
Senior accountants are normally at the top of an accounting hierarchy and they handle accounting’s day-to-day operations. They are responsible for committing to schedules, achieving accounting targets, and managing company spending, among other things. They earn $75000 annually.
A career in the post of statistician might be right for you if you enjoy math and have a talent for advanced formulas. You will use your advanced knowledge to support business decisions by developing new mathematical formulas, interpreting data, creating statistical models, and developing new mathematical formulas. You’ll almost certainly plan and incorporate surveys, tests, and opinion polls to assist in decision-making. This work typically requires a bachelor’s degree, but the top 10% of earners will earn more than $161,900 per year, making it one of the best finance careers. With a master’s degree in statistics, you will typically enter this profession without any additional training or experience.
10. Hedge fund manager
Hedge fund managers earn near about $100000 yearly. They also have the same responsibilities as investment bankers, but they handle higher-risk, higher-reward portfolios for investors who pool their money to invest in hedge funds. They are responsible to track markets to protect clients, so they are up early and leaving the office late. Hedge fund trading is not typically a full-time occupation.
11. Budget analyst
They earn a minimum income of $77000 annually.
Budget analysts assist public and private organizations, such as government agencies and universities, with financial planning. Budget analysts are in charge of promising that budget plans are correct and comply with relevant laws and regulations.
12. Management analyst
A management analyst, also known as a management consultant, is responsible for increasing a company’s productivity. Individuals in this role look at a company’s issues or failed practices and develop ways to fix them. A bachelor’s degree in finance is required, but a CMC certification can help a person stand out in the job market. They earn approximately $87000 in a year.
For several years, finance and accounting jobs have been a common option, continuing to expand. The demand for expert financial professionals will continue to grow as globalization and finance technology evolve. While most of the finance companies, such as banks and investment firms, recruit people with the above job titles, skilled financial workers are required in all industries. A finance and accounting degree will lead to a rewarding and stable career in the finance, investing, and business worlds.