10 highest-paying finance jobs
According to the statistics of the US Department of Labor, jobs in the financial sector are expected to increase by 8% by 2024. The study also found that the median salary for financial careers was $ 65,710 per year compared to the median salary for all occupations that amounted to $ 36,200 per year. Salaries vary from country to country. The salary figures shown here are for people working in the United States.
1) Director of Investments
An investment manager earns between $ 98,000 and $ 306,000. The median salary is $ 146,000 per year. The primary role of the investment manager is to raise capital and negotiate deals on behalf of the company. They are also responsible for designing the investment portfolio in accordance with company objectives.
2) Vice-President, Finance
The finance vice president of a company is near the top of a corporate structure. They earn between $ 89,000 and $ 237,000 per year. This means that a vice president who earns on average will pocket about $ 134,000 per year. Part of their job is to minimize expenses and keep the business profitable.
3) Chief Financial Officer
CFOs earn between $ 70,000 and $ 257,000 per year. The median salary is $ 127,000 per year. The main roles are to oversee the financial operations of the company and lead the accounting and financial departments so that they can function efficiently and in accordance with the objectives of the company.
4) Financial Director
The salary of a CFO ranges between $ 56,000 and $ 182,000 per year. This translates to a median salary of $ 108,000. Financial modeling, strategic planning and forecasting are all part of the job of a CFO.
5) Financial Controller
The job of a financial controller involves managing the financial services of a business. The service includes the accounting service, the audit service and the budget service. A financial controller earns between $ 51,000 and $ 125,000, which translates into a median annual salary of $ 80,000.
6) Senior accountant
The salary for a senior accountant ranges from $ 51,000 to $ 82,000. Indeed, a moderately paid senior accountant earns $ 65,000 per year. Some of their roles include making sure the business is still financially organized and overseeing other accountants in the firm.
7) Investment analyst
Investment analysts earn between $ 44,000 and $ 102,000. The median salary of a person in this career is $ 61,000 per year. The main role of this professional is to review and approve investment products. They also undertake research and analysis to assess the financial performance of the company.
8) Financial planner
A financial planner earns a salary of between $ 40,000 and $ 120,000 per year. The median salary is $ 61,000 per year. Their main role is to offer investment advice to clients and sometimes to invest on their behalf especially when working for an investment firm.
9) Bank manager
A bank manager is responsible for overseeing the day-to-day operations of a bank branch. Their salaries vary between $ 47,000 and $ 87,000 per year. This translates to an average of $ 60,000. In addition to overseeing the administration of a bank’s policies within their branch, they also oversee other employees
10) Account managers
Account managers earn between $ 35,000 and $ 99,000 per year. This results in their median salary being around $ 50,000 per year. However, some companies such as Supervisor and bet pay account managers on average up to $ 90,000 per year.
If you are passionate about finance and are wondering what specific area to specialize in, this information will help you make an informed decision. The variation in wages depends on skills, employer, experience and the region in which you work.