Finance is a lucrative and highly-demanded industry. It involves managing money; as such, most jobs in finance can be demanding and have strict entry requirements. Getting a good job in finance requires great education, a Bachelor’s degree is the least requirement for any high-paying finance job. A good background in economics, mathematics, statistics, or a related field is usually necessary to get a good job in the industry. However, you can rest assured of good pay after securing the job.
There is no limit to how much you can make in the finance industry, as some jobs come with bonuses and allowances. For example, you can earn as much as $96,000 when you start your career as a finance manager and around $190,000 as an experienced finance manager. Meanwhile, not all finance jobs pay as much as this one.
In this regard, we have teamed up with experts from job aggregator Jooble to enlighten you on the highest-paying jobs you can get in the finance industry. We will discuss the jobs, their education requirement, and how much you can earn from them. Let’s delve right into it.
Highest Paying Jobs to Explore in the Finance Industry
Even though getting a job in finance can pay well, you have to be sure of how much your prospective finance jobs can fetch you. Therefore, we have compiled a list of some jobs that pay the most 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, equities, bonds, mergers, and acquisitions. They also serve as financial advisors for their clients in managing their finances. Their clients may include the government, establishments, businesses, and organizations.
The minimum requirement to become an investment banker is a bachelor’s degree. You must possess a degree in economics, banking, finance, accounting, or other related fields. You can earn $100,000 as an analyst. Managing Directors in investment banking make up to $300,000 per annum.
Financial analysts are responsible for researching and getting their clients’ finance and investment-related information. 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, statistics, and analytical skills.
You need a bachelor’s degree to become a financial analyst. Other professional certificates will be helpful to you. The lowest you can make as a financial analyst is about $63,000. You can earn as much as $113,000.
Financial Software Developer
Financial Software developers are the bridge between finance and technology. They develop finance-related software. These specialists also help financial institutions develop and manage the software they need for their work. Financial software developers can make between $54,000 to $140,000 per annum.
Chief Financial Officer
A chief financial officer is an executive position. They are responsible for overseeing the financial company activities. Their duties include monitoring the finance of the company. They also analyze the company’s financial strengths and weaknesses and make propositions to help its finance grow.
Becoming a CFO does not only require education. You also need to be experienced in finance and management. Becoming a CFO typically takes about 10-15 years of growing through the ranks. A CFO can make between $130,000 to $480,000 per annum.
Hedge Fund Manager
Hedge fund managers are people that manage hedge funds. Hedge funds involve financial partnerships that pool money together and use techniques to earn active returns. Hedge fund management is a lucrative and demanding job. A hedge fund manager must be able to think deeply, research, and make significant decisions for the fund owners.
One needs a Bachelor’s degree to become a hedge fund manager. However, you can also consider different certifications to get employed more easily. Hedge fund managers earn an average of $136,000 per annum and can earn way over $260,000.
Private Equity Associate
Another lucrative job in finance is being a private equity associate. This job involves raising money and investing it in private businesses to make returns for the owners years later. These funds include hedge funds, pension funds, etc. You must possess at least a bachelor’s degree to become a private equity manager. They earn about $135,000 to $780,000 per annum.
Budget analysts are in charge of helping institutions and organizations manage their finances. They prepare budgets and monitor spending. A budget analyst needs to be observant and detail-oriented. A bachelor’s degree is the least education requirement for a budget analyst. Budget analysts earn between $80,000 to $130,000 per annum.
Financial management is another high-paying career in finance. Financial managers are responsible for analyzing situations and giving the best financial advice to senior managers. Financial managers earn an average of $103,000 and can earn close to $200,000.
The finance industry is broad and includes everything from financial technology to banking and investments. Meanwhile, getting a job in finance can be challenging, but the pay makes it worth the stress. Also, finance jobs are always in demand because of the necessity of managing money.
If you’ve been thinking about starting a career in finance, this article has discussed some of the highest-paying jobs you can explore.
This post is sponsored by our partner Jooble.