SPECIAL REPORT: Jobs in international finance
Finance is a lucrative and in-demand industry. It’s about managing the money; as such, most jobs in finance can be demanding and have strict entry requirements. Getting a good finance job requires a great education, a bachelor’s degree is the least requirement for any high-paying finance job. A good education in economics, mathematics, statistics or a related field is usually necessary to get a good job in the industry. However, you can be assured of good salary after getting the job.
There is no limit to what you can earn in finance, as some jobs come with bonuses and allowances. For example, you can earn up to $96,000 when you start your career as a CFO and around $190,000 as an experienced CFO. Meanwhile, not all jobs in finance pay as much as this one.
In that regard, we’ve teamed up with experts from job aggregator Jooble to shed some light on the best paying jobs you can get in the finance industry. We will discuss the jobs, their educational requirements and how much you can earn from them. Let’s cut to the chase.
Highest paying jobs to explore in the finance sector
Even though getting a job in finance can be well paid, you need to be sure about what your future jobs in finance can bring you. Hence, we have compiled a list of some highest paying jobs in finance.
Investment banking is a branch of finance that involves helping clients manage their finances. Investment bankers do this by helping their clients manage stocks, stocks, bonds, mergers and acquisitions. They also serve as financial advisors to their clients in managing their finances. Their clients can include government, institutions, businesses and organizations.
The minimum requirement to become an investment banker is a bachelor’s degree. You must have a degree in economics, banking, finance, accounting or other related fields. You can earn $100,000 as an analyst. Investment banking managing directors earn up to $300,000 a year.
Financial analysts are responsible for researching and obtaining information about their clients’ finances and investments. They then use the data obtained to make financial decisions for their clients. The job of a financial analyst is data-intensive. It also requires excellent mathematical, statistical and analytical skills.
You need a bachelor’s degree to become a financial analyst. Other professional certificates will be useful to you. The minimum you can earn as a financial analyst is around $63,000. You can win up to $113,000.
Financial software developer
Financial software developers are the bridge between finance and technology. They develop software related to finance. These specialists also help financial institutions develop and manage the software they need for their work. Financial software developers can earn between $54,000 and $140,000 per year.
A CFO is a managerial position. They are responsible for supervising the activities of the financial company. Their duties include keeping track of company finances. They also analyze the financial strengths and weaknesses of the company and make proposals to grow its finances.
Becoming a CFO doesn’t just require training. You should also have experience in finance and management. Becoming a CFO typically takes around 10-15 years to work your way up. A CFO can earn between $130,000 and $480,000 per year.
Hedge fund manager
Hedge fund managers are people who manage hedge funds. Hedge funds involve financial partnerships that pool money and use techniques to generate active returns. Hedge fund management is a lucrative and demanding business. A hedge fund manager must be able to think deeply, research and make decisions important to fund owners.
It takes a bachelor’s degree to become a hedge fund manager. However, you can also consider different certifications to get a job more easily. Hedge fund managers earn an average of $136,000 a year and can earn well over $260,000.
Private equity partner
Another lucrative job in finance is being associated with private equity. This job involves raising funds and investing them in private businesses to generate income for the owners years later. These funds include hedge funds, pension funds, etc. You must have at least a bachelor’s degree to become a private equity manager. They earn around $135,000 to $780,000 per year.
Budget analysts are responsible for helping institutions and organizations manage their finances. They prepare budgets and monitor expenditures. A budget analyst must be observant and thorough. A bachelor’s degree is the least educational requirement for a budget analyst. Budget analysts earn between $80,000 and $130,000 per year.
Financial management is another high paying career in finance. CFOs are responsible for analyzing situations and providing the best financial advice to senior executives. CFOs earn an average of $103,000 and can earn close to $200,000.
The finance industry is vast and includes everything from fintech to banking and investments. Meanwhile, finding a job in finance can be tough, but the pay is worth it. Additionally, finance jobs are always in demand due to the need to manage money.
If you are thinking of starting a career in finance, this article has covered some of the highest paying jobs you can explore.
This post is sponsored by our partner Jooble.