Finance can be a fiercely competitive field to break into. After all, it’s a famously high-paying industry known to pay six or seven figures in salaries and bonuses for those at the top. Even those on the bottom rung can expect to start at a good wage compared to other fields.

You may not walk into your dream job right away, but the good news is that finance is a vast industry, so once you’re in, there’s plenty of room to evolve, move around, and find your niche. First, however, you have to get your foot in the (entry-level) door.

If you’re a student or recent graduate, your finance skills will help you get hired for these professions, insurance vacancies. Read on to learn about some of the top jobs for college graduates with a finance degree.

• What Are The Top 10 Finance Jobs?
• What Jobs in Finance Pays The Most?
• What is a Good Career in Finance?
• What Kind of Jobs Are in Finance?
• Most In-demand Finance Jobs
• Highest Paying Finance Jobs
• Finance Jobs Salary
• Best Paying Jobs in Finance And Accounting
• Types of Jobs in Finance
• Entry Level Finance Jobs With no Experience
• Finance Major Jobs
• What Finance Career is Right For me?
• Can You Get Rich With Finance Degree?
• Finance Entry Jobs
• Jobs For Finance
• What Finance Jobs Are in Demand?
• Highest Paying Finance Jobs
• 5 Popular Types of Finance Jobs
• Highest Paying Finance Companies
• Areas of Finance to Work in
• Highest Paying Finance Jobs UK
• Highest Paying Jobs in Finance in India

What Are The Top 10 Finance Jobs?

Below are some options to consider as you explore careers related to a finance degree.

1. Financial Planner

Finance majors learn about a variety of investment vehicles, and this knowledge can help financial planners to advise clients about how to manage their finances. Finance majors can decipher trends in the securities markets and apply this perspective to their planning sessions.

Financial planners must crunch numbers and apply principles of accounting in order to devise plans suitable for individual investors. They also need to inspire trust in people and promote their services. Therefore, finance majors with strong interpersonal skills and persuasive abilities will be most likely to succeed in this profession.

Read Also: Best Business Books 2022

Salary and Employment Outlook: According to the Bureau of Labor Statistics (BLS), personal financial advisors earn an average salary of $87,850, and jobs are predicted to expand at a rate of 4% through 2029.

2. Financial Analyst

Financial analysts research stocks, bonds, companies, and industries to assist bankers, investors, and corporate finance officers with mergers, acquisitions, and stock/bond offerings, as well as corporate expansions and restructuring. They can capitalize on their finance major training as they dissect financial statements and other financial data. 

Financial analysts build financial models and conduct complex quantitative analyses. Financial analysts also produce reports detailing their findings and present their analyses to other members of the banking or finance team.

Salary and Employment Outlook: According to the BLS, financial analysts earn an average salary of $81,590, and jobs are predicted to grow at a faster than average rate of 5% through 2029.

3. Investor Relations Associate

Finance majors with strong writing, organizational, and communication skills can thrive in this role. Investor relations professionals prepare and present financial information about their company or corporate clients to investors, analysts, and business media.

The analytical and software tools developed through their finance major training facilitate this process.

Salary and Employment Outlook: According to PayScale, early-career investor relations associates earn an average salary of $61,076.

4. Budget Analyst

Budget analysts apply principles of finance to projects and proposals in the business, educational, governmental, and not-for-profit sectors. They analyze budgets and evaluate the financial impact of continuing ventures and new ventures. 

Budget analysts must have refined communication skills because they interview managers in order to gather information for proposals. They also train staff regarding the budget development processes for their organization. Finance majors develop the essential analytical and communication skills needed to become a successful budget analyst.

Salary and Employment Outlook: According to the BLS, budget analysts earn an average of $76,540, and jobs are predicted to grow by about 3% through 2029.

5. Actuary

Actuaries play a leadership role in financially oriented businesses such as insurance, banking, rating agencies, and accounting firms. The finance graduate with strong mathematical skills is ideally positioned to calculate the likelihood of various events and to assess the financial consequences for those outcomes. 

Just like the finance major, actuaries manipulate software to perform calculations and represent their findings. They present their recommendations to managers at their firm and convince others of the soundness of their decisions.

Salary and Employment Outlook: According to the BLS, actuaries earn an average salary of $108,350, and jobs are predicted to grow at a much faster than average rate of 19% through 2029.

6. Accountant

Finance majors learn to construct, interpret, and critique financial statements while completing the accounting component of their studies. Thus, they become capable of carrying out complex accounting work in financially oriented industries. 

Students of finance develop a number of accountancy skills as they learn to analyze business problems with precision and attention to detail, which prepares them for the world of accounting. Just like accountants, finance majors learn to present financial information to clients and colleagues by using charts, graphs, and other visual aids.

Salary and Employment Outlook: According to the BLS, accountants earn an average salary of $71,550, and jobs are predicted to grow at a rate of 4% through 2029.

7. Credit Analyst

Credit analysts evaluate the financial standing of loan prospects and assess the risks involved with offering them financing. Finance majors learn to appraise the financial viability of entities and interpret their financial records and data. The investigative mindset of a finance major would enable the credit analyst to scrutinize the legitimacy of financial information furnished by clients. 

They have the communication skills necessary for credit analysts to extract information from prospective clients and convey their analyses to colleagues.

Salary: According to the BLS, credit analysts earn a median salary of $73,650.

8. Attorney

Lawyers in many areas of practice, including divorce, product liability, civil litigation, corporate, labor, and securities law, benefit from a knowledge of finance. Attorneys who investigate financial irregularities must read and understand financial statements. Lawyers in civil cases need the skills to estimate appropriate compensation for settlements.

Research and analytical skills developed by finance majors enable attorneys to prepare their cases. Presentation skills and knowledge of presentation software help attorneys to deliver arguments and prepare exhibits.

Salary and Employment Outlook: According to the BLS, lawyers earn an average salary of $122,960, and jobs are predicted to grow by about 4% through 2029.

9. Commercial Real Estate Agent

Finance majors with strong verbal skills and a sales orientation should consider a career as a commercial real estate agent. Commercial real estate agents analyze the business plans and financial status of clients in order to recommend appropriate spaces for their enterprises.

When listing a property, brokers must estimate the value of the property based on its financial potential for prospective buyers. Agents advise clients about options for financing property acquisitions and launching new businesses.

Salary: According to PayScale, commercial real estate agents earn an average salary of about $42,500.

10. Business Teacher

Finance majors hone the communication and presentation skills that are essential to the teaching profession. Business teachers tap a broad knowledge of business as they instruct high school students about the fundamentals of accounting, management, marketing, and investments.

Finance majors with a curiosity about the business world and an enthusiasm for business issues are well suited for this role. Individuals who earn advanced degrees in business can also pursue teaching jobs at junior and four-year colleges. 

Salary: According to PayScale, business teachers earn an average salary of $41,654.

What Jobs in Finance Pays The Most?

The financial industry is easily one of the most competitive when it comes to finding a job. This is even true in regard to entry-level positions, as it’s almost entirely unheard of to jump into and build a successful career in the industry without starting near the bottom and working your way up.

The desks of finance professionals around the world are littered with resumes of students and executive wannabes hoping for a break that they believe will set them on course to be young and rich “masters of Wall Street”.

The highest-paying jobs, and therefore the most competitive, in the financial industry – including four chief executive positions and investment professionals at hedge funds – are even harder to land.

Here are the highest paying finance jobs:

1. Investment banker

National average salary: $61,929 per year

Primary duties: Investment bankers manage the portfolios of businesses and government agencies that invest in a number of different businesses. These professionals help clients raise and invest capital in a way intended to help the business achieve its financial growth goals.

2. Information technology auditor

National average salary: $63,412 per year

Primary duties: IT auditors usually work for government agencies or private companies to confirm the technology infrastructure meets compliance needs and other enterprise IT needs. They spend their days conducting audits and should be skilled at doing so, which sometimes requires certification.

3. Compliance analyst

National average salary: $64,443 per year

Primary duties: This is a financial professional who audits a business for compliance against standards set forth by various governing agencies. The finance industry is very compliance-driven since long-term economic stability and financial growth relies on established standards. Compliance analysts review data, process and financial infrastructure to ensure regulations are met.

4. Financial advisor

National average salary: $66,931 per year

Primary duties: These are professionals who help customers identify short- and long-term financial goals and lead them to products that make sense. The duties of an insurance advisor include being knowledgeable of insurance products, working closely with underwriters and people in risk assessment and being a primary point of contact for clients.

5. Insurance advisor

National average salary: $67,263 per year

Primary duties: Insurance advisors help customers find the best insurance products to meet long- and short-term insurance needs and provide guidance on purchasing decisions with regard to insurance for people, home, auto, investments and more.

6. Financial analyst

National average salary: $69,419 per year

Primary duties: Financial analysts comb through financial data to help business stakeholders make informed decisions about company finances. They work for financial institutions like banks, funds, insurance companies and more to support the buying decisions and needs of customers all over the country.

7. Senior accountant

National average salary: $72,639 per year

Primary duties: Senior accountants are usually at the top of an accounting hierarchy and are responsible for the day-to-day duties of accounting. They perform tasks like being accountable for sticking to budgets, meeting accounting goals and overseeing corporate expenditures.

8. Hedge fund manager

National average salary: $98,256 per year

Primary duties: Hedge fund managers perform similar duties to investment bankers, but work with higher risk and reward portfolios for investors who pool their capital to make investments in hedge funds. Hedge fund managers must monitor markets to protect investors, and for that reason, they are awake early and leave the office late. Hedge fund investing is rarely a career with typical full-time hours.

9. Financial software developer

National average salary: $106,124 per year

Primary duties: Financial software developers work in the growing Fintech space, creating programs that meet the needs of financial institutions and end-users.

10. Private equity associate

National average salary: $108,152 per year

Primary duties: These professionals network with investors to gain private equity they then apply to business investments that diversify the investors’ portfolios.

11. Chief financial officer

National average salary: $127,729 per year

Primary duties: The duties of a CFO are vast and include overseeing analysts and budgeting, making cost-related decisions about technology infrastructure and managing financial teams.

12. Chief compliance officer

National average salary: $128,380 per year

Primary duties: Chief compliance officers oversee all duties and departments related to meeting requirements of compliance standards. CCOs deal with policy management and compliance monitoring to help businesses operate most efficiently and avoid non-compliance fees.

What is a Good Career in Finance?

The role of finance is central to carrying out the development and growth activities of an economy. We have compiled a list of career options after finance degree to help you understand the industry requirements. 

You would need to earn a bachelor’s degree and understand the fundamentals of financial management. It is ideal to have some background in economics, management, mathematics, accounting, and auditing.

You can also work for a few years and then specialize in a particular field. Study programs in finance usually include project work and internships as a part of the curriculum. These avenues can provide a significant head start, presenting several opportunities for learning and networking. 

1. Public Accounting

Accounting is an extensive field of study and practice, comprising a variety of financial services. Broadly, it is concerned with recording and maintaining the flow of money for a public entity or private company. Public accountants also give suggestions and deliver reports to cut down expenses, boost revenue, and improve financial health. 

As an accountant, you can work in-house to help organizations get their finances in order, understand the soundness of their investments, and make projections to achieve long-term goals. Employment opportunities may arise in the commercial or private sector as well as in select accounting firms.

The Big Four firms, namely Deloitte, EY, KPMG, and PwC, collectively offer the largest share of professional services in public accounting. They provide assistance in auditing and attestation, tax consulting, business advisory, internal control, and governance to their corporate and government partners globally. 

Graduates in Commerce and Business Administration can consider a CPA qualification to become an internationally licensed accountant. Degrees like Master of Commerce (M.Com.) and MBA (Finance) are also recognized as a testament to candidates’ academic knowledge in the area. When you are going for coveted job positions, higher education can help you differentiate your profile from the competition. 

2. Corporate Finance

Corporate finance is a sub-division of finance that provides funds for business activities. It deals with funding sources, investment decisions, and capital restructuring. The critical job functions in this profession include:

• Balancing risk and profitability
• Analyzing and forecasting economic trends
• Reviewing company reports and suggesting improvement measures
• Maximizes value of stock
• Managing funds and selecting investment portfolios
• Performing tasks related to financial risk management

Corporate finance professionals are hired in junior and senior capacities depending on their educational qualifications, acquired skills, and interests. You would be expected to have a knack for numbers and apply the same for managing money, maximizing return on investment, introducing smart solutions for budgeting, etc.

Also, leading corporate advisory firms recruit finance graduates to expedite mergers and acquisitions of businesses. Large organizations prefer to hire MBA talent for mid-senior level positions and above. 

3. Investment Banking

Investment banking finds a place among the most prestigious career options in finance. It is also a lucrative path in terms of professional growth and salary package. Investment bankers are responsible for tasks related to financial remodeling.

Their work involves working with data and numbers and introducing decisions that improve business operations. These practitioners must have an interest and insightful knowledge of financial markets and economic trends. 

Other job profiles can range from trading and stockbroking to asset management to equity research. Stockbrokers are professional traders or registered representatives who buy and sell shares on behalf of their clients.

Asset managers determine what investments should be made with the view of growing their clients’ portfolios over time and mitigating risk. Careers in equity research involve ascertaining certain investments’ value to help individuals and institutional investors make investment decisions.

Investment banks generally hire interns and prospective associates from top-tier educational institutions. An MBA (Finance), and sometimes a Law degree, can be beneficial in entering this field. If you are looking to pursue a specific career path such as stockbroking, you can opt for short courses or diplomas in stock analysis or stock market research. The National Stock Exchange (NSE) also offers such formal credentials.

4. Portfolio Management

Portfolio management is a fusion of commerce and science as it requires knowledge of business, mathematics, and analytics. As a portfolio manager, you do not pore over individual investments but look at the overall investment mix of your clients, who may be institutions or individuals.

Also, it would be your job to guide organizational policies on investments and decisions regarding asset allocation. It is crucial in portfolio management that employed professionals work to maximize profits at a negotiated risk.

This would require conducting a SWOT (Strength, Weakness, Opportunity, Threat) analysis in the domestic and international markets across areas like growth vs. safety, debt vs. security, and so on. 

Education in Economics, Business Administration, or Accounting is ideal for these types of careers. It is also recommended to get training in statistics and refine your mathematical skills to pursue portfolio management jobs.

Demonstrated experience in financial asset management or working with investment institutions can be work to your advantage. Besides, you would need excellent communication and interpersonal skills to handle requests from clients and customers. 

4. Risk Management

Risk management professionals are competent in identifying market risks and recognizing poor investment outcomes. Their primary duty is to maximize returns and minimize risks strategically. For this purpose, they apply their mathematical prowess and analytical reasoning skills and advise their clients on various business matters. The job roles can be divided into:

• Financial Risk Manager
• Enterprise Risk Manager
• Supply Chain Risk Manager
• Operational Risk Manager
• Digital Risk Manager

Risk management is an in-demand profession in India with companies like SBI Life Insurance, LIC, Bajaj Allianz, and PolicyBazaar recruiting for various positions, including analysts, managers, consultants, and advisors. 

If you are seeking work in risk management, you should consider completing an advanced degree like an MBA or PG Diploma in Risk Management. Also, check out the certificate courses offered by the Risk Management Association of India (RMAI). 

5. Financial Planning

Individuals and companies require the services of financial planners to secure their current and future financial stability. A career in financial planning would entail reviewing financial statements and cash flows and creating methods for saving and investing in matching the clients’ needs.

You can choose to concentrate in a specific area, viz. wealth management, tax planning, estate planning, retirement planning, investment growth, etc. Here are a few places that employ financial planners in India:

• Wealth management and financial services firms
• Knowledge Processing Organizations (KPOs)
• Non-Banking Financial Companies (NBFCs)
• Asset Management Companies (AMCs)
• Finance Journalism
• Self-employment 

A postgraduate degree such as MBA (Finance), MS (Finance), or MA (Economics) is preferable for obtaining employment as financial planners in established organizations.

6. Commercial Banking

Commercial banks provide a host of services to individuals and businesses. The offerings range from savings and current account facilities to debit and credit cards to personal, home, education, and other loans. Commercial banking also includes analysis of financial statements, competitive positions, and industries.

There are several types of roles, each one requiring different skill sets in the banking sectors. The most popular posts include credit analyst, banking associate, account manager, trust officer, bank teller, mortgage banker, and branch manager. 

The primary duty of bank personnel is to maintain relationships with the bank’s existing customers and find new clients to keep the business running. For this, they need to deliver effective and customer-friendly services and remain proactive in improving the bank’s day-to-day functioning. 

Commercial banking is considered an attractive career choice for many aspirants due to the decent pay packages and working hours. An undergraduate degree in Business and Commerce can qualify you for an entry-level position like a credit analyst.

Many BFSI sector recruiters also hire data science professionals for analyst jobs. You can build your profile with an MBA degree and advance to business development and client-facing roles like account management. 

Moreover, financial services are rapidly evolving in the current technology-led world. So, your career choices need to be future-oriented. Let us look at some latest innovations in the Fintech space. 

• Payment banks are fostering financial inclusion and digital payments
• Artificial intelligence and cognitive analytics are powering data-driven decisions
• Blockchain implementations are set to transform banking and financial markets
• Robotic process automation or RPA has the potential to address case backlogs
• The need for cybersecurity solutions to eliminate intrusions and attacks has multiplied

With big players like ICICI and Axis Bank exploring opportunities in emerging tech, it would be wise to take up a course that empowers you with the current developments in fintech. Here, an MBA in Digital Finance and Banking could prove useful for you. Fintech has also opened up new jobs in software development.

7. Compliance and Internal Control

Compliance services engage managers and administrative officials to ensure that all procedures and activities adhere to applicable laws, ethical practices, and standards. Companies want to avoid any harm to their reputation and finances on account of regulatory non-compliance. Therefore, the job of compliance officers is critical to support effective business performance.

They can be employed in diverse environments as international University offices to look after components like grants, gifts, and contracts. As for financial compliance departments in corporate firms, these professionals protect investors and maintain transparency. Their job functions directly contribute to the reduction of financial fraud and system risk.  

Typically, accounting and law graduates opt for a career in financial compliance services. Getting an advanced finance degree like a specialized MBA can improve your chances of landing attractive internships and placements.

What Kind of Jobs Are in Finance?

Starting a career in finance is an exciting step on your career journey. Before you begin applying for positions, learn about the different types of finance jobs available, including:

Corporate finance

A job in corporate finance involves handling the finances of a particular company or organization. Corporate finance employers look for employees who are trustworthy, experienced and skilled. You will most likely need a bachelor’s degree in business, finance or management.

Familiarity with how a corporation functions will set you apart from other candidates. For an entry-level position, you will also need excellent organizational, communication and technical skills.

Financial planning and advising

Another interesting type of finance job is financial advising or planning. Financial planning involves meeting with a client and helping them create a functional plan for their personal funds or business finances.

Being a financial advisor provides an opportunity to use your financial expertise to help others directly. If you are familiar with financial law, investing practices or insurance policies, you could be a valuable asset by advising companies and individuals in a variety of industries.

Training for this type of job typically comes from obtaining a college degree in finance or business, or through several years of practical experience in the financial field. Some skills necessary for this kind of job include communication skills, management skills and attention to detail.

Banking

Banking is the most well-known kind of finance job. Working in a bank is a good entry-level career option for someone looking to get into the financial field. Commercial banks offer a wide range of financial services, including checking accounts, savings accounts, loans and IRAs. You can find work in a variety of roles, such as:

• Bank teller
• Branch manager
• Loan officer
• Marketing director

Most banks require hirees to earn a bachelor’s degree beforehand. The requirements for experience level and specific skillset will vary depending on which position you are interested in. If you find success working for your local branch, you may eventually be promoted to work in the corporate office.

If you have experience with interpersonal communication, customer service and administrative skills, working in a bank could be a beneficial career choice for you.

Accounting

Accountants are a crucial part of maintaining a company or individual’s financial health. They can work independently, but most work for an accounting firm. Corporate accountants handle a variety of financial processes to make sure the company or organization can function smoothly.

Private accountants review and update their client’s financial records to make sure they are following the law and using their money wisely.

Accountants typically need a Bachelor’s Degree in Accounting, Finance or Business. The best accountants are skilled in finance management, decision-making and business communication.

Investment

Investment professionals are primarily facilitators. They help pair individuals and companies who need funds with investors who can supply them with resources. Ideally, these partnerships are mutually beneficial, and the investment professional is usually well-compensated for their role in facilitating the connection.

Skilled investment professionals are crucial in the financial field since many individuals and companies choose to invest their funds based on advice from an investment firm or an independent broker. The majority of investment professionals have a Bachelor’s Degree in Finance, Accounting or Economics.

Investments advisors and bankers must also obtain a license to practice. Important skills for investment professionals include communication, negotiation and critical-thinking for working in a fast-paced environment.

Insurance

Working in insurance can be a versatile entry into the financial field. Insurance professionals work for large insurance agencies in a wide variety of roles. You can apply for a job as an insurance salesperson, an agent, a customer service representative or an actuary. All of these roles are involved in providing quality policies for the agency’s clients.

The insurance industry is currently thriving, and agencies are constantly searching for suitable candidates to fill positions. You might be eligible if you have a Bachelor’s Degree in Finance, Business or Administration. You will also need specific skills depending on your desired job title, including customer service, management, communication and interpersonal skills.

Most In-demand Finance Jobs

If the information above piqued your interest in finance, you might consider pursuing one of the following finance jobs:

1. Banker

National average salary: $40,070 per year

Primary duties: Bankers may be expected to aid customers with opening and maintaining bank accounts, keep clients informed in regards to bank policies and security measures, and advise customers on financial matters and resolving any bank-related issues. They may also sell the bank’s services to any potential clients.

2. Accountant

National average salary: $54,558 per year

Primary duties: Accountants are typically hired to record the rate of outgoing and incoming funds, consult with their employer regarding taxes and tax returns, and audit finances to ensure the company or individual is using their money effectively. They may also write and edit financial reports and offer suggestions for updates to a budget or spending plan.

3. Financial advisor

National average salary: $66,083 per year

Primary duties: Common duties for a financial advisor involve discussing short and long-term financial goals, creating a manageable and personalized budget and advising clients on investments. Additional duties include assisting with taxes and related laws and ensuring clients’ business practices are safe and legal.

4. Financial analyst

National average salary: $68,538 per year

Primary duties: The typical responsibilities of a financial analyst may include assessing the company’s spending, making adjustments to budgets and creating a strategic business plan. They could also project future profits and potential losses, and write and review financial reports and documents.

5. Investment manager

National average salary: $80,785 per year

Primary duties: Investment managers are often responsible for advising their clients on which stocks and bonds to buy or sell, underwriting securities and placing them with investors, and meeting with other investment professionals to negotiate agreements.

Additional responsibilities could include overseeing mergers and acquisitions, strategizing for future investments and making market projections.

6. Insurance agent

National average salary: $206,239 per year

Primary duties: The specific duties of an insurance agent might include speaking directly to clients, supplying personalized policy quotes, analyzing risk using quantitative data to estimate premiums, answering client questions and troubleshooting issues. They could also pitch insurance policies to potential customers.

Highest Paying Finance Jobs

While you know that many finance-related careers come with generous salaries, it’s good to reflect on some of the highest paying careers for finance majors before you make any employment decisions as a newly minted finance graduate.

1. Financial analyst for a hedge fund

This particular field of finance offers entry-level candidates anywhere from 150K per year with the potential to double those earnings with merit-based performance.

If you prove your worth at an institution like this you can qualify for huge bonuses bringing the average salary of financial analysts working for hedge funds up to 350K! Many hedge funds look to hire in-house talent providing paid graduate programs for junior financial advisors to affordably hone their skills.

The Edward Daniels Group is looking to bring in some candidates with experience in cracking complex problems in financial markets. Applicants should be well versed in programs like Python to handle large amounts of data, experience interning for financial or tech firms, and have a Master’s or Ph.D. degree from a competitive university in a quantitative field such as statistics, mathematics, operational research, computer science, finance or economics.

2. Private equity analyst

A private equity analyst does the behind-the-scenes work to attract big clients or companies that promise large financial returns by applying a few strategic changes to their current marketing strategy. This is where private equity analysts come into play.

This junior entry-level position focuses on executing deals, monitoring the portfolio of companies, and screening new deals. They also come up with better financial models for struggling companies to better compete in the industry through collecting data from similar competitors in the marketplace.

The Barclays Center based in New York is looking for analysts to assist new clients in the new year. If you think you have what it takes to bring companies to the next level financially that offers undergraduates and those promoted directly within an analyst program offered at an investment bank between 100-150K per year salary.

3. Investment banking division analyst

Some lessons were learned from the economic travesties that occurred back in 2008 since instead of firing analysts when the market collapsed investment banks brought more on this time to help expedite the process of recovery. It ends up costing more to fire a slew of analysts only to try to bring them back on suddenly when things get better.

An analyst is usually in charge of handling mergers and acquisitions which thankfully continue to be on the rise despite the economic downturn brought on by the novel coronavirus. This brief delves deeper into the responsibilities of an analyst employed with an investment bank and the following is an excerpt to give you a general idea of what you’ll be taking on in this new position.

“Mergers and acquisitions (M&A) is a general term used to describe the consolidation of companies or assets through various types of financial transactions, including mergers, acquisitions, consolidations, tender offers, purchase of assets, and management acquisitions.”

The Janus Capital Group, Inc. based in Denver, Colorado is looking for a full-time analyst to bring on their dynamic team. The salary is a handsome 80-100K per year.

4. Investment banking sales and trading division

If you’re looking to become the next Wolf of Wall Street look no further than the sales and trading division at investment banks. What does this sort of career move entail?

According to the ultimate guide to sales and trading blog, you’re responsible for the following. “Sales and trading refer to the division of an investment bank responsible for making markets in stocks, bonds, and derivatives.

Salespeople work with asset managers, hedge funds, insurance companies, and other buy-side investors to pitch ideas and to buy or sell securities or derivatives. Sales and Trading are also referred to as the Markets or Securities Division, depending on the bank.” This position offers a competitive salary of 100K per year.

5. Quantitative risk analyst

This particular arena in finance requires applicants to be proficient in handling stakeholder’s investments deftly through developing and then implementing complex mathematical models for financial firms.

This model will inform all future investments, pricing, and the risks involved. Essentially you want to reduce risk through avoiding bad investments and instead use market research and mathematical algorithms to decide the best way to generate profits.

You can start making 80-100K a year by getting your resume ready to apply.

6. Regulatory reporting accountant

Accountants are in high demand since every company needs someone paying special attention to detail especially when it comes down to handling million-dollar investments for clients. What exactly is the role of a regulatory reporting accountant? A brief explains your duties as a regulatory reporting accountant. “The stock market relies on market research from regulatory reporting accountants to provide public opinions required by the rules governing capital markets’ transactions to perform financial due diligence for financial directors and advisors.”

Workday is looking to bring on someone at their headquarters in Frisco, Texas with experience in this field to start making 80-100K salary that can consult with IT, financial managers and customers alike to build a business.

7. Internal auditor

What kind of core competencies are encouraged to be a great internal auditor at a financial institution? Nowadays simply having a background in accounting is not enough. Internal auditors must exhibit meticulous attention to detail, a high aptitude in mathematics, and experience working in data-mining systems.

The most desired quality in an internal audit position is analytical and critical thinking skills according to CFO magazine ranking the desired attributes of an applicant in order here:

• Analytical and critical thinking (73%)
• Communication skills (61%)
• Data mining and analytics (50%)
• General IT knowledge (49%)
• Business acumen (46%)

Did you check yes next to every desired trait and you have a background in finance? You’re in luck since the National Bank of California in Irvine, California is hiring. The pay ranges from 80-100K depending on experience so don’t hesitate to jumpstart your career and apply here.

8. Private banking analyst

A private banking analyst acts as your financial advisor providing deep analysis on the state of an individual or a company’s financial standing to make the best recommendations based on their assets such as their current investments, estates, and philanthropic objectives.

This deep dive helps inform future decisions for lucrative investments based on unique qualifiers. Having a firm grasp on the banking industry is paramount as well as strong interpersonal and communication skills.

Argo Data in Richardson, Texas is looking for a banking consultant and analyst to apply the aforementioned qualifications. The starting salary is 80K but can reach up to 100K for more experienced analysts that handle high net-worth clients well.

Finance Jobs Salary

A degree in finance or accounting can unlock many promising career options after graduation. In fact, a Bachelor of Science in Finance was one of the top 25 degrees for a lucrative career in 2021. Here are eight of the highest-paying entry-level finance jobs.

1. Financial Manager

Average Salary: $129,890

Job Outlook: 15 percent growth (Much faster than average)

Typical Job Requirements: A financial manager is responsible for a company’s financial health. Individuals in this career create financial reports and strategies for the long-term goals and growth of an organization.

Those who want to become financial managers will have the greatest chance at finding a job. The career is in high demand, with over 23,000 people hired from the candidate pool each month.

2. Personal Finance Advisor

Average Salary: $87,850

Job Outlook: 4 percent growth (As fast as average)

Typical Job Requirements: Personal financial advisors work in a wide variety of specialties, from investments, life insurance, college savings, estate planning, taxes, and retirement to personal budgeting help. To secure an entry-level position, a bachelor’s in finance or accounting is ideal. To move up the ranks, a master’s in finance or an MBA can help.

3. Management Analyst

Average Salary: $85,260

Job Outlook: 11 percent growth (Much faster than average)

Typical Job Requirements: Sometimes called management consultants, a management analyst’s main role is to increase a company’s efficiency. Individuals in this role examine a company’s problems or ineffective procedures and develop solutions for improvement. A bachelor’s in finance is required, but a CMC certification can also make an individual more competitive and job-ready.

4. Financial Analyst

Average Salary: $81,590

Job Outlook: 5 percent growth (Faster than average)

Typical Job Requirements: Financial analysts stay abreast of economic trends to advise clients and businesses on how to best invest and diversify their money. Financial analysts also determine a company’s value and assess financial risks and prospects.

5. Financial Examiner

Average Salary: $81,090

Job Outlook: 7 percent growth (Faster than average)

Typical Job Requirements: Financial examiners keep financial institutions, such as banks, legally compliant. They ensure that financial institutions are compliant in all of their operations and transactions. They also are responsible for risk management, ensuring financial institutions offer safe loans, and that banks have enough cash on hand to manage unexpected losses.

6. Budget Analyst

Average Salary: $76,540

Job Outlook: 3 percent growth (As fast as average)

Typical Job Requirements: Budget analysts help public and private institutions, such as government agencies and universities, organize their finances. Budget analysts are responsible for ensuring that budget proposals are accurate and compliant with laws and regulations.

7. Accountant

Average Salary: $71,550

Job Outlook: 4 percent growth (As fast as average)

Typical Job Requirements: An accountant is responsible for ensuring an individual or company’s tax information is accurate and done properly. Accountants are typically busiest during the tax season, and it is typical for individuals in this field to work many overtime hours closer to the April 15 deadline.

8. Loan Officer

Average Salary: $63,270

Job Outlook: 3 percent growth (As fast as average)

Typical Job Requirements: Using a process called underwriting, loan officers evaluate and authorize loan approval for individuals or businesses. This is one job where pay can vary dramatically depending on the division of work—i.e. a commercial loan officer versus a consumer loan officer. Many who become loan officers can earn several thousand more each year from bonuses or commission.

Best Paying Jobs in Finance And Accounting

We used the website PayScale to find out the average salary of each job title. Finally, we ranked our list in order of descending average salary until we reached the 30 highest paying accounting jobs.

1. Vice President of Finance

$138,063

The highest paying accounting job is a company’s Vice President of Finance. Of course, it takes many years of hard work to become a V.P. of Finance. Typically, a master’s degree is also required. Vice Presidents of finance work alongside a company’s president and/or chief executive officer.

Their primary responsibilities include coordinating budgets, setting realistic financial goals, and overseeing lower-level employees in the finance department.

2. Chief Financial Officer

$134,302

Second only to the Vice President of Finance is the Chief Financial Officer. For an average salary of $134,000, the Chief Financial Officer, or C.F.O., oversees a company’s financial operations. He or she is responsible for figuring out ways a company can progress while also saving money.

Ensuring their company is adhering to all laws and policies is also part of a C.F.O.’s job description. To become a Chief Financial Officer, one should have at least a bachelor’s degree in accounting, plus a number of years of prior work experience.

3. International Tax Manager

$114,102

Third on our list of the best paying jobs in accounting is International Tax Managers. These highly paid accounting professionals are typically employed by multinational corporations or accounting firms. They are responsible for preparing and filing tax forms, as well as analyzing tax regulations at local, state/regional, and national levels.

To become an International Tax Manager, one must have at least a bachelor’s degree in accounting or finance, though a master’s degree is often preferred. A Certified Public Accountant (CPA) certificate and knowledge of software like CORPInternational are also required.

4. Finance Director

$113,887

Finance Directors make an average of $114,000 per year, making them the fourth highest paid professionals in accounting. Employed by companies both big and small, Finance Directors lead a team in creating strategic financial plans. Responsibilities include:

• identifying financial risks
• making moves to lessen those financial risks
• creating strategic plans

Finance Directors should have a master’s degree in finance or a related subject, plus some years of experience in the field. Teamwork, advanced mathematics, and public speaking are also important skills a Finance Director should possess.

5. Finance Manager

$91,579

The fifth highest paying accounting job is a company’s Finance Manager. It takes strong analytical skills to become a Finance Manager. A bachelor’s degree in finance or a related subject is also a minimum requirement, as is a CPA certificate. Finance Managers work alongside other managers in a company. Responsibilities include:

• tracking ongoing expenses
• ensuring managers do not surpass their department’s budget
• creating accurate and timely financial reports.

6. Accounting Professor

$88,237

Next on our list of the best paying jobs in accounting in Accounting Professor. For an average salary of $88,000, an Accounting Professor teaches accounting courses at the college and/or university level. He or she is responsible for:

• designing an accounting curriculum
• giving lectures
• guiding students through graduation requirements

Performing research and analyzing data may also be part of an Accounting Professor’s job description. To become an Accounting Professor, one should have a graduate-level degree, and possibly some years of experience in the field of accounting.

7. Senior Financial Analyst

$80,775

Seventh on our list of the highest paying accounting jobs is Senior Financial Analyst. These highly paid professionals are employed in just about every industry, by companies big and small. They are responsible for managing teams of analysts, and overseeing the analysis of various accounting data.

Determining economic and financial risks, then organizing real-world solutions are also part of the Senior Financial Analyst’s job description. To become a Senior Financial Analyst, one should have a master’s degree and previous experience in financial analysis. Financial Analysts below the senior level make an average of $60,923 per year, according to PayScale.

8. Compliance Manager

$77,545

Compliance Managers earn an average of $77,545 per year, making them the eighth highest paid professionals in accounting. Employed by companies big and small, Compliance Managers oversee their employer’s legal, management, and compliance issues. Responsibilities include:

• conducting audits
• analyzing sales
• verifying policies
• filing timely and accurate reports

Compliance Managers should have a bachelor’s degree in accounting or similar, plus 5-7 years of related experience. Problem-solving, communication, and writing are also important skills for a Compliance Manager.

9. Assistant Controller

$75,993

The ninth highest paying accounting job is Assistant Controller. To become an Assistant Controller, one should have experience relevant to the industry in which they’re looking to work. A degree in finance or accounting is also required in most cases. Assistant Controllers oversee and manage the day-to-day accounts activities of a company. Responsibilities include:

• ensuring all accounts data is accurate
• allocating resources throughout departments
• presenting to their superiors the annual budget.

10. Compliance Officer

$69,305

Not to be confused with the Compliance Manager is the Compliance Officer. For an average salary of $69,000, a Compliance Officer is charged with handling issues related to compliance with laws and regulations. He or she is responsible for ensuring a company is up-to-date with all licensing requirements.

Reporting their findings to the company’s governing board is also part of a Compliance Officer’s job description. To become a Compliance Officer, one should have a bachelor’s degree. Depending on the industry, some sort of certification may also be required.

Types of Jobs in Finance

There are many types of jobs in finance, from bookkeepers to accountants or auditors. Check out these top finance jobs!

1. Private Equity Analyst

A private equity analyst’s job is to provide analytical asset valuation support for private equity groups and trading groups. Candidates should have an MBA degree, a background in commerce, and, preferably, a master’s degree in finance, economics, investment analysis, or accounting. Key job skills include numeracy and mental math aptitude, commercial and financial judgment, and the ability to operate as a team unit.

2. Risk Manager

A risk manager is someone who works with a company to help them understand the various risks they face. These may be financial, safety, or public relations oriented or other risks specific to the field or industry of their clients. Risk managers process huge amounts of data to determine risk and then help make suggestions to mitigate it, including needed insurance, policies, and procedures.

3. Private Wealth Advisor

A private wealth advisor in a financial professional who specializes in helping individuals make sound investment choices. They are highly skilled in market and data analysis but they also possess great communication and people skills. A private wealth advisor must be able to hear clients’ wishes and objectives and then find and present the best possible options to them, communicating potential risks as well as gains.

4. Finance Director

Finance directors guide a company’s economic direction. This role requires keen attention to detail, analytical skills, and a knack for problem solving and prioritization. The finance director should have a high level of comfort with numbers and figures. These professionals typically work in office environments and hold bachelor’s and master’s degrees in order to maximize opportunities for promotion.

5. Hedge Fund Manager

The main goal of a hedge fund manager is to oversee a private financial portfolio and make investments based on the performance of the portfolio. A degree in finance or accounting can help prepare candidates for this role, along with knowledge of investments. Hedge fund managers must be adaptable and sharp to make decisions in a rapidly-changing market.

6. Portfolio Manager

The primary responsibility of a portfolio manager is to create investment strategies for individual or company-based investors. The strategies are designed to improve the financial portfolio. Similar titles include investment managers or financial advisors. Keen analytical skills, experience in money management, and strong interpersonal skills are key, along with a degree in finance or business.

7. Investment Analyst

An investment analyst is a finance professional who is charged with analyzing data to make recommendations regarding investments to individual and corporate clients. They usually have a degree in finance and are very skilled in statistics, data analysis, and market research. Investment analysts generate models that help inform clients of the potential risks and gains of investment strategies.

8. Financial Analyst

Financial analysts provide professional advice to individuals and businesses about their investment decisions. In order to offer appropriate guidance, financial analysts keep a close eye on and assess the performance of stocks, bonds, and other types of investments.

Daily responsibilities mainly consist of analyzing data and creating financial reports to present to clients about investment suggestions.

9. Finance Intern

Finance interns are usually students or recent graduates with a degree in finance. Some interns work without pay or with a small living stipend. From these positions, they gain on-the-job experience that will help them secure a paid position in the future. Finance interns usually work on the Finance Team of a company and are responsible for performing analyses and creating reports, with direct supervision.

10. Finance Advisor

A finance advisor is an investment professional who helps individuals or companies make decisions about investments. They have a degree in finance and are very knowledgeable about the current market and a variety of investment options. Finance advisors are responsible for helping clients manage risk and save/make as much money as possible to meet their goals.

Entry Level Finance Jobs With no Experience

Even though most employers are looking for experienced analysts, you can follow our guide to learn how to become a financial analyst with no experience.

1. Do as much networking as possible

If you want to know the truth about how to become a financial analyst, it often comes down to who you know more than what you know. For this reason, networking is at the top of the list when it comes to breaking into the industry.

The most effective ways to network are to start with people you already know and ask them to introduce you to people at companies where you want to work. You can also try using LinkedIn to connect with new people.

Always be polite, professional, and curious. Most importantly of all, don’t directly ask them for a job, but instead ask them what they would do if they were in your shoes, trying to become a financial analyst with no experience.

2. Learn the Wall Street lingo and follow current events

If you want to secure a job as a financial analyst, you must learn the finance language. As the saying goes, “If it looks like a duck, and walks like a duck…” and this expression holds true for finance as well. Always dress the part and be sure you follow current events in the industry.

When you’re networking with people you’ll need to be able to engage in interesting conversations about what’s happening in the industry. You may also want to follow the news on the Largest Investment Banks to know what they’re up to.

3. Start and maintain a finance blog

Running a finance blog will give you a chance to communicate your investment ideas to the world. Publishing informative finance posts on your blog will provide an opportunity to express your knowledge of the finance field and talk to potential employers.

Having the relevant finance and investment skills will give you an edge when writing finance publications. And finally, being able to talk the talk will come in handy when finally landing that finance interview.

An impressive platform to publish research and commentary on is Seeking Alpha. If you get something published, be sure to discuss with people you’re networking with.

4. Leverage your university career center

Your university career center can be the most valuable resources in getting a summer internship at one of the Wall Street investment banks and moving you closer to getting a prestigious full-time job in the industry.

Most of the investment firms pick their new full-time hires from their summer interns, so you should do everything you can to be one of them. If you don’t find any luck securing a paid internship, consider working as an unpaid intern or volunteer at a small firm.

Spend time with the career advisors in your university career centers and ask them to introduce you to alumni in the industry so you can network with them.

5. Use a Trading Simulator

Using trading simulators will get you immersed in the finance industry. There are many online stock trading simulators that graduates can use to prepare mock portfolios. Using this experience, finance and non-finance graduates can impress potential employers with their trading prowess and market knowledge.

Additionally, it can be useful to talk about your trades and what you learned when networking with people in the industry.  This is one of the top free tips on how to become a financial analyst.

6. Enroll in an online financial Analyst training program

Participating in online financial analyst training programs will help kick-start your career as a financial analyst with zero experience. Financial analyst training programs will teach you useful skills, such as financial forecasting and financial modeling, which will supplement the theory that university programs focus on.

CFI’s Financial Modeling & Valuation Analyst (FMVA)® certification program will give you the practical Excel, finance, and accounting skills you need to get hired full time.

Finance Major Jobs

1. Management Consultant

Management consultants help organizations solve problems, improve business performance, create value and maximize growth. They identify solutions for business troubles and make suggestions for changes to implement. Management consulting can be an extremely rewarding career for job satisfaction and remuneration.

Consultancy suits people who thrive off variety, as days can be exciting and unpredictable – for example, you might be needed at client sites at the last minute, there’s a lot of travel, and you will meet a huge range of interesting people. Competition is fierce, and applicants with MBAs or business master’s degrees will find it considerably easier to get into the field.

Typical salary: According to figures from Indeed.com, the average consultancy salary in the US is US$83,408 per year. However, MBA graduate salaries can be considerably higher, with Wharton’s MBA class of 2018 reporting a median salary of US$150,000.

2. Trader/Stockbroker

A stock trader either works for themselves or for a firm, buying and selling stocks. Traders may also buy and sell bonds, metals and other financial instruments. Trading is a fast-paced and high-pressure career, best suited to those with bold, dynamic personalities. Hours are very long, usually starting early for the opening of international markets.

Traders have very little supervision so this career will suit you if you’re individualistic and self-disciplined. Traders who perform poorly will find themselves out of a job very quickly – it’s a cut-throat environment, but with the potential for very high rewards.

Typical salary: According to Indeed.com, the average trader salary in the US is US$95,126 per year, but salaries of up to US$196,917 are reported.

3. Accountant

Accountancy is always a popular career path for finance graduates. Accountants are employed by companies and individuals to assist with financial business issues such as taxation, analyzing profit and loss, budgeting and detecting fraud.

Very close attention to detail is essential, plus communication skills to convey complex financial information to colleagues, senior management and clients.

In-house accountants prepare profit and loss statements, accounting reports and key information for annual reports, plus other financial tasks. Alternative career paths in accountancy include forensic accounting, tax advisors and chartered accountancy.

Typical salary: According to US News, accountants in the US made a median salary of US$69,350 in 2017. The best paid 25 percent made US$91,770 that year.

4. Financial Manager/CFO

A financial manager or CFO (Chief Financial Officer) is responsible for providing financial guidance and support to clients and colleagues. Employers come from a wide range of industries in both the public and private sectors.

In larger companies the role may be more concerned with strategic analysis, while in smaller businesses you might be responsible for the collection and preparation of accounts. Other responsibilities can include managing budgets, arranging new sources of finance and liaising with auditors to ensure annual monitoring is carried out. Financial manager/CFO are senior roles so will require progression within a company.

Typical salary: According to Indeed.com, the average salary for a financial manager in the US is US$84,109 per annum, but salaries as high as US$208,000 are reported.

5. Actuary

Actuaries evaluate, manage and advise on financial risk. They use financial and statistic theories to assess the likelihood of a particular event and the possible financial costs. With this knowledge they can design creative ways to reduce the likelihood of undesirable events occurring and decrease the impact of undesirable events that do occur.

The study of uncertain future events by actuaries are of special concern to insurance and pensions companies, but actuaries can work in a wide range of sectors. They are highly skilled individuals and as such are often in high demand. Work is high-pressured and you may be expected to work overtime frequently.

Typical salary: Actuaries tend to receive very good remuneration, with Indeed.com reporting that the average salary for an actuary in the US is US$112,085 a year, but it can be much higher, with salaries of US$240,000 also reported.

6. External Auditor

External auditors examine financial records and other data to provide businesses, investors and regulators with a clear idea of how they’re performing, plus recommendations for improvement. Their work can be split into two distinct areas – a financial audit, examining a company’s financial statements and records, or a corporate/non-financial audit to help companies solve specific business problems.

There are many companies who employ external auditors, most famously the ‘big four’ accounting firms: Ernst & Young, Deloitte, KPMG and PwC; however, there are many other mid-tier and smaller firms also providing rewarding employment.

Typical salary: Indeed.com reports the average salary for an external auditor in the US is US$60,658, although salaries of up to US$141,000 are reported.

7. Financial Analyst

Financial analysts collect and analyze financial data to guide the investment decisions of their employer – this could be an individual, a corporation, a non-profit organization or the government. You’ll recommend the best course of action when identifying challenges and need to stay aware of market trends and investment opportunities in your specialist area.

A career as a financial analyst will suit data-focused and computer literate finance graduates, with great strategic thinking skills and an affinity for statistics. Other related roles include credit analysts and budget analysts.

Typical salary: US News reported that financial analysts made a median salary of US$84,300 in 2017, with the best-paid 25 percent making US$114,980 that year.

What Finance Career is Right For me?

Today, Investment Banking, Risk Management, Investment Management, Commercial Banking, Equity Research, and a number of other areas of special interest in finance require people with expert knowledge and a certain skill set to fill in the shoes.

This trend of continuing focus on expertise in specific functional areas of finance has made it that much more difficult to make a choice of career in Finance. Here we would attempt to provide an overview of some of the most popular career roles in finance and what it takes to be successful at them.

1. Investment Banking

This is one of the top careers in Finance. Investment bankers usually facilitate brokering of major transactions for large institutional clients, including Mergers & Acquisitions (M&As), underwriter for equities or debt securities to raise major capital and corporate restructuring, among other things.

It is one of the most preferred career choices in finance for the kind of recognition accorded and rewards earned in terms of big pay packages and bonuses. It is an intensely competitive field requiring a combination of financial expertise, excellent negotiation skills, and a high level of confidence.

Most of the large investment banks prefer to hire top MBAs with the desired skill set. With 75 to 100 work hours a week, it is considered among the poorer choices in terms of work-life balance. However, working with a large firm in one of the financial hubs, including New York or London, remuneration and growth prospects would easily be among the best.

2. Asset Management

Asset managers help manage the wealth of High Net-Worth Individuals (HNIs) and institutional clients. They identify suitable avenues of investment for their clients to help realize their wealth creation goals and develop and implement long-term investment strategies to achieve the same.

Perks are among the best in the industry as the demand for skilled asset managers continue to rise, and work hours are much better, making possible a good work-life balance. Professionals with CFA (Chartered Financial Analyst) or CIMA (Certified Investment Management Analyst) could be the best fit for the role.

3. Commercial Banking

This career in Finance, i.e., Commercial banks, offers a host of retail banking services to businesses as well as individuals, including checking and savings accounts, issue debit or credit cards along with a line of credit depending on the creditworthiness of the client. Some of the most popular roles in the commercial banking sector include loan officer, trust officer, mortgage banker, bank teller, and branch manager, among others.

Usually, different skill sets might be required in keeping with the nature of the specific role. Growth prospects are good in commercial banking with moderately good to decent pay packages for professionals in higher or more technical positions. Work hours are usually among the best, especially with public sector banks.

4. Equity Research

One of the top careers in Finance includes Equity Research. Equity research basically involves the comprehensive analysis of stocks, including financial modeling and valuation, to help decide the worth of a certain investment. The work of an equity research analyst helps individuals, as well as institutional investors, make critical investment decisions.

This is one of the most valued career roles in finance, which requires insightful knowledge of financial concepts, a good amount of patience, and a high level of ethics to be able to carry out professional responsibilities as desired. Perks are undoubtedly among the best and work hours are good enough to maintain a healthy work-life balance.

5. Corporate Finance

This career in Finance is primarily concerned with the management of all financial activities of a company. This is much broader in scope than investment banking, which represents only a sub-domain of corporate finance.

It not only deals with raising major capital through M&As but also actively engages with every form of decision making related to investment, capital management, and other activities that help maximize the strategic growth of an organization. Corporate finance professionals could have widely differing work roles, and hence the required skill sets would also vary.

Some of the common openings include financial analyst, tax manager, treasurer, and chief financial officer (CFO), among others. CPA (Chartered Public Accountant) could be a useful designation for accounting-related roles, and CFA (Chartered Financial Analyst) could be of advantage for aspiring financial analysts.

6. Risk Management

This career in Finance has emerged as one of the key areas of interest, which involves identifying and managing different forms of financial risks. A risk management professional could be engaged in broad-based financial risk analysis in different scenarios or could be working on financial risk modeling, predictive financial analysis, and other technical aspects of financial risk management.

The remuneration is among the industry’s best and work hours are usually decent. FRM (Financial Risk Manager) and PRM (Professional Risk Manager) are two of the definitive financial risk management certifications, which could be of great advantage to risk management professionals.

Can You Get Rich With Finance Degree?

You do not get rich because you have a degree. Often many degree holders lack common sense and sometimes they can also have know it all attitude. A degree means someone has an ability (assuming that person is willing) to learn and adapt quickly. They should also posses basic knowledge of the subject that they studied but they need to learn to apply that knowledge.

If you study finance and than learn further on how to apply that knowledge than you could use that similar to anyone else who has gone through the appropriate skill set to accumulate wealth.

Finance Entry Jobs

Entry-level jobs provide a path to lucrative careers in a variety of financial occupations. For some jobs, working as a trainee or assistant prior to taking on the full spectrum of responsibilities may be required. For others, especially candidates with prior work experience or strong internship credentials, you may be hired directly for the position.

Review some of the best jobs in finance for college graduates, including salary information and projected employment outlook, along with tips for how to get hired.

Accountant

Accountants maintain financial records and generate reports regarding income, expenses, profits, losses, and tax liabilities. They advise managers about the financial implications of business decisions.

Some accountants work for public accounting firms that are contracted by corporations for auditing, tax, and consulting work. Others work directly for corporate and governmental entities. 

• Salary: The Bureau of Labor Statistics (BLS) estimated that the average pay for accountants in May 2018 was $70,500 per year. 
• Job Outlook: The BLS estimated there were about 1,397,700 accounting jobs in the U.S. economy and projected growth of 10% through 2026, faster than the national average.

Actuary

Actuaries calculate the financial cost of risk in order for companies to estimate the potential impact of various events. They use statistical models, mathematics, and financial theories to conduct analyses. Actuaries work mostly for insurance companies and consulting entities. 

• Salary: Actuaries earned an average salary of $102,880 in May 2018, according to the BLS.
• Job Outlook: The BLS estimated that there were about 23,600 actuarial jobs in the U.S. and projected a much greater-than-average growth rate of 22% through 2026.

Financial Analyst

Financial analysts provide input to businesses and individuals regarding decisions about investments, such as stocks, bonds, and mutual funds. They analyze companies, industries, and economic trends to help decision makers anticipate financial risks and opportunities.

Financial analysts work for investment companies, insurance companies, consulting firms, and other corporate entities.

• Salary: Financial analysts earned an average of $85,660 in May 2018, according to the BLS.
• Job Outlook: The BLS estimated that there were about 296,100 financial analyst jobs in the American economy and projected a faster-than-average growth rate of 11% through 2026 for these jobs.

Credit Analyst

Credit analysts investigate the creditworthiness of potential borrowers and estimate the likelihood of default, if loans are issued. Their analyses help banks, credit unions, and credit card companies to set rates and determine loan approvals.

• Salary: Credit analysts earned an average of $71,290 in May 2018, according to the BLS.
• Job Outlook:The BLS estimated that about 73,800 credit analysts work in the U.S. and forecasted growth of about 8% through 2026, which is in line with all occupations nationwide.

Data Analyst

Data analyst jobs are rapidly expanding as big data analysis is applied to many aspects of organizational planning. Data analysts working on financial issues construct and apply higher level data systems. 

These analyses provide financial input for managers to make decisions about investments, acquisitions, plant expansions, and other new projects.

• Salary: Glassdoor estimates that data analysts earn an average of $67,377 per year.
• Job Outlook: Indeed currently has over 6,000 data analyst jobs advertised in their system, with at least 1,099 incorporating some focus on finance.

Budget Analyst

Budget analysts help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending. Budget analysts develop cost estimates for potential future programs or expansions.

They also make recommendations for managers, identifying areas of possible budget reductions based on analyzing past underspent budget items.

• Salary: Budget analysts earned an average of $76,230 in May 2018, according to the BLS.
• Job Outlook: The BLS estimated that there were 58,400 budget analyst jobs in the country and predicted an increase of about 7% by 2026, which is close to the average for all occupations.

Insurance Underwriters

Insurance underwriters review client data and actuarial information to make recommendations regarding insurability, rates, and policy structure for potential customers.

Underwriters evaluate risk factors involved with prospective client profiles. They must communicate effectively with insurance agents regarding difficult policy decisions.

• Salary:Insurance underwriters earned an average of $69,380 in May 2018, according to the BLS.
• Job Outlook:The BLS estimated that there were 104,100 insurance underwriter jobs in the U.S. with a projected decline of 5% through 2026–lower than the average for all occupations. Keep in mind, however, this option is not often considered by new graduates, which lowers the level of competition for interested candidates.

Insurance Claims Adjusters

Insurance claims adjusters gather information about the circumstances surrounding insurance claims, including interviews with people involved in accidents, obtaining photographs, and the physical inspection of damages.

They review policies to determine the level of coverage, estimate repairs, and issue determinations concerning payments to customers. Adjusters negotiate settlements with clients, attorneys, and other insurers.

• Salary: Insurance claims adjusters earned an average of $65,900 in May 2018, according to the BLS.
• Job Outlook:The BLS estimates there are 328,700 jobs for insurance adjusters, appraisers, examiners, and investigators with a projected decrease of 1% in these jobs by 2026. Given the low visibility of this option with prospective graduates, competition for vacant positions is relatively low.

Compensation and Benefits Specialists

Compensation and benefits specialists analyze options for providing employee benefits in a company with the goal of maximizing coverage at the lowest possible cost.

They evaluate positions, classify jobs, and set standards for salary and wages. Compensation specialists research market rates for salaries to make sure the compensation offered is competitive enough to attract talent.

• Salary: Compensation and benefits specialists earned an average of $63,000 in May 2018, according to the BLS.
• Job Outlook:The BLS estimates that there are 84,200 jobs for compensation and benefits specialists with expected growth of 9% by 2026, which is about the average for all occupations.

Personal Financial Advisor

Personal financial advisors evaluate the financial needs of individuals and help them with decisions on investments, tax laws, tax planning, and insurance. Advisors help clients plan for short- and long-term financial goals, such as saving for retirement through investments or other strategies.

Many advisors provide tax advice or sell insurance in addition to providing financial advice.

• Salary:The BLS estimated the average pay for personal financial advisors was $88,890 in May 2018.
• Job Outlook:The BLS estimated that there were about 271,900 personal financial advisor jobs in the U.S. economy and projected growth of 15% through 2026, which is much faster than the national average.

Jobs For Finance

The financial field of work offers a variety of career paths that goes beyond simply managing money. You can work face to face on a personal level with a particular client to corporate finance working on the behalf of shareholders, primarily dealing with funding sources and investment decisions.

1. Financial Analyst

For finance majors, a great option is to become a financial analyst. They work with individual investors and companies to produce analytical reports and projections to identify potential financial risks.

They do this by reviewing past and current financial data and any sort of financial movements in order to compile guidance to maximize profits. Researching financial markets to analyze trends and make informed decisions are also common practice in the risk management business.

Average salary: $73,274 Per annum

2. Financial adviser

If you decide to become a financial adviser, the crux of your role will be helping clients create individualized plans to achieve their specific financial goals. Financial advisors often work in tax planning, savings, budget, insurance, superannuation, real estate, retirement planning and investment management.

When writing up a financial plan, a financial advisor will have to include the current net worth, working capital and assets. They hold meetings with their clients regularly to review their situation and their goals constantly.

Average salary: $73,231 Per annum

3. Budget Analyst

Budget analysts apply principles of finance to projects and proposals in the business, educational, governmental, and not-for-profit sectors. They analyze budgets and evaluate the financial impact of continuing ventures and new ventures. 

Budget analysts must have refined communication skills because they interview managers in order to gather information for proposals. They also train staff regarding the budget development processes for their organization. Finance majors develop the essential analytical and communication skills needed to become successful budget analysts.

Salary and Employment Outlook: According to the BLS, budget analysts earn an average of $76,540, and jobs are predicted to grow by about 3% through 2029.

4. Loan officer

Loan officers work at banks, credit unions, or other financial institutions assisting customers in applying for loans and assessing their creditworthiness through a process called underwriting, where they agree to take on the financial risk for a fee. They determine the type and amount of loan that is most suitable for their customers’ needs.

A loan officer’s salary may vary based on their level of experience, area of concentration, and education, according to 2018 data from the U.S. Bureau of Labor Statistics:

• Median Annual Salary: $63,040 ($30.31/hour)
• Top 10% Annual Salary: $132,080 ($63.50/hour)
• Bottom 10% Annual Salary: $31,870 ($15.32/hour)

What Finance Jobs Are in Demand?

1. Controller

Controllers and assistant controllers prepare financial statements and reports that summarize and forecast a business’s activity and financial position. They may also develop internal policies and procedures for an organization’s budget administration, cash and credit management, and accounting functions.

Average Salary: $201,894

10-Year Projected Growth: 16%

2. Financial Manager

Financial managers are responsible for the financial health of an organization. They generate financial reports and develop strategies to help meet the long-term financial goals of their organization.

Average Salary: $129,890

10-Year Projected Growth: 15%

3. Management Consultant

Management consultants, also known as management analysts, propose improvements for operational efficiencies, in an effort to make organizations more profitable through reduced costs and increased revenues.

Average Salary:  $101,988

10-Year Projected Growth: 14%

4. Personal Financial Advisor

Financial advisors help their clients understand the health of their finances and make personal investment decisions. They monitor the state of clients’ investments and finances and can provide advice on insurance, mortgages, college savings, estate planning, taxes, and retirement.

Average Salary: $87,850

10-Year Projected Growth: 4%

5. Financial Analyst

Financial analysts examine an organization’s financial data. By analyzing past financial and investment data, as well as estimating future revenues and expenditures, they can provide guidance to businesses making investment decisions and forecasting for the future.

Average Salary: $81,590

10-Year Projected Growth: 5%

6. Treasury Analyst

Treasury analysts monitor an organization’s financial activity, including cash flow, liabilities, and assets. They analyze budgets, expenses, and future investments to decide whether payments coming to and from the company are being processed properly.

Average Salary: $78,169

10-Year Projected Growth: 6%

7. Accounting Manager

Accounting managers oversee the operations of an organization’s accounting department. They analyze and report financial information, assist with tax processing, and create financial statements to present to the company’s board of directors.

Average Salary: $77,395

10-Year Projected Growth: 16%

8. Budget Analyst

Budget analysts help companies organize their finances, prepare budget reports, and monitor institutional spending. They regularly review an organization’s financial plans for completeness, accuracy, and conformance with regulations and organizational objectives.

Average Salary: $76,540

10-Year Projected Growth: 3%

9. Senior Tax Accountant

Tax accountants prepare federal, state, and local tax returns for individuals, businesses, or other organizations.

Average Salary: $74,258

10-Year Projected Growth: 6%

10. Accountant

Accountants prepare, maintain, and examine the accuracy of financial statements for an organization. They ensure all financial records, such as balance sheets, income and loss statements, cash flow statements, and tax returns, are compliant with federal laws, regulations, and generally accepted accounting principles (GAAP). They are also responsible for identifying and resolving any discrepancies in records, statements, or documented transactions.

Average Salary: $71,550

10-Year Projected Growth: 4%

Highest Paying Finance Jobs

obs in finance come with many perks: high salaries, bonuses, international travel, transferrable skills, global networking opportunities.

The highest paying finance jobs are often occupied by MBA graduates. According to the Graduate Management Admission Council (GMAC), 21% of MBAs go into finance-related roles after graduation.

An MBA can help accelerate your career in finance, qualifying you for higher-level managerial and director roles. And some of the top employers of MBA students are big-name finance firms like Goldman Sachs and JP Morgan.

So what are the highest paying finance jobs?

1. VP Finance: $173k+

A dream role for many MBAs, and often combined with the CFO role, the VP of finance supervises and projects the company’s financial activities and actions. As a major leader within the business, the VP of finance is one of the highest-ranking executives and they manage, guide and direct focus. They can earn around or upwards of $173,000, the highest paying finance job available.

2. Chief Financial Officer (CFO): $154k+

One of the most senior finance jobs within a company, the CFO is the senior executive in charge of the management of financial actions across the company as a whole. CFO salaries are huge, at $153,000 on average and significantly more at most major firms.

3. Finance Director: $146k+

The finance director is the board member who oversees the day-to-day financial running of a business, creating a stable foundation and framework upon which the company can expand.  Finance directors can earn around $146,000 on average, but significantly more at big-name companies. 19% of MBAs in finance work for Fortune 100 companies, according to GMAC, and an MBA further boosts their earning potential.

4. Corporate or Financial Controller: $134k+

One of the highest paying finance jobs, controllers are responsible for the financial and regulatory compliance of the organization.

With a serious focus on corporate finance and accounting, corporate controller roles require extensive experience, which an MBA can be a great indicator of. Salaries for these roles are around $134,000.

5. Financial Manager: $96k+

MBAs are a good fit for financial management roles and salaries for these hotly sought-after jobs are around an impressive $96,000 depending on experience, region and department. 

Financial managers play an integral role in monitoring internal spending, creating regular reviews and leading planning and analysis of benefits and budgets.

6. Accounting Manager: $85k+

Every company has to handle its accounts, which means there are ample opportunities in accounting management across industries. 

Accounting managers can earn around $85,000, and even more with an MBA. This role requires management qualities, firm accounting knowledge and understanding of payroll, payments and collections, and a strong understanding of reporting and compliance. 

7. Finance Associate: $80k+

A finance associate creates budgets, advises on fiscal procedure, and handles payments. Salaries are in the region of $80,000. There are opportunities across a variety of industries and regions, with opportunities increased further with an MBA.

5 Popular Types of Finance Jobs

There are many types of jobs in finance, from bookkeepers to accountants or auditors. Check out these top finance jobs!

1. Private Equity Analyst

A private equity analyst’s job is to provide analytical asset valuation support for private equity groups and trading groups. Candidates should have an MBA degree, a background in commerce, and, preferably, a master’s degree in finance, economics, investment analysis, or accounting. Key job skills include numeracy and mental math aptitude, commercial and financial judgment, and the ability to operate as a team unit.

2. Risk Manager

A risk manager is someone who works with a company to help them understand the various risks they face. These may be financial, safety, or public relations oriented or other risks specific to the field or industry of their clients. Risk managers process huge amounts of data to determine risk and then help make suggestions to mitigate it, including needed insurance, policies, and procedures.

3. Private Wealth Advisor

A private wealth advisor in a financial professional who specializes in helping individuals make sound investment choices. They are highly skilled in market and data analysis but they also possess great communication and people skills. A private wealth advisor must be able to hear clients’ wishes and objectives and then find and present the best possible options to them, communicating potential risks as well as gains.

4. Finance Director

Finance directors guide a company’s economic direction. This role requires keen attention to detail, analytical skills, and a knack for problem solving and prioritization. The finance director should have a high level of comfort with numbers and figures. These professionals typically work in office environments and hold bachelor’s and master’s degrees in order to maximize opportunities for promotion.

5. Hedge Fund Manager

The main goal of a hedge fund manager is to oversee a private financial portfolio and make investments based on the performance of the portfolio. A degree in finance or accounting can help prepare candidates for this role, along with knowledge of investments. Hedge fund managers must be adaptable and sharp to make decisions in a rapidly-changing market.

6. Portfolio Manager

The primary responsibility of a portfolio manager is to create investment strategies for individual or company-based investors. The strategies are designed to improve the financial portfolio. Similar titles include investment managers or financial advisors. Keen analytical skills, experience in money management, and strong interpersonal skills are key, along with a degree in finance or business.

7. Investment Analyst

An investment analyst is a finance professional who is charged with analyzing data to make recommendations regarding investments to individual and corporate clients. They usually have a degree in finance and are very skilled in statistics, data analysis, and market research. Investment analysts generate models that help inform clients of the potential risks and gains of investment strategies.

8. Financial Analyst

Financial analysts provide professional advice to individuals and businesses about their investment decisions. In order to offer appropriate guidance, financial analysts keep a close eye on and assess the performance of stocks, bonds, and other types of investments. Daily responsibilities mainly consist of analyzing data and creating financial reports to present to clients about investment suggestions.

Highest Paying Finance Companies

To compile this list, Glassdoor identified companies with the highest median total compensation as reported on the site by U.S.-based employees over the past year.

Traditional financial services providers, like Visa and BNP Paribas, make the list, as does electronic payments innovator PayPal.

All of these companies offer median base salaries of $113,000 or above, and median total compensation (which includes additional forms of compensation like bonuses and commissions) of $120,000 and above.

Here’s what you could earn crunching numbers for these employers:

1. Visa
   Median total compensation: $167,050
   Median base compensation: $136,750
   
2. Intuit
   Median total compensation: $136,000
   Median base compensation: $120,000
   
3. Mastercard
   Median total compensation: $130,000
   Median base compensation: $112,000
   
4. Macquarie Group
   Median total compensation: $130,000
   Median base compensation: $100,000
   
5. BNP Paribas
   Median total compensation: $128,000
   Median base compensation: $112,500
   
6. Barclays
   Median total compensation: $125,000
   Median base compensation: $112,500
   
7. PayPal
   Median total compensation: $124,348
   Median base compensation: $113,000
   
8. Société Générale
   Median total compensation: $123,000
   Median base compensation: $113,500
   
9. Dun & Bradstreet
   Median total compensation: $122,508
   Median base compensation: $93,000
   
10. Fannie Mae
    Median total compensation: $120,000
    Median base compensation: $113,000

Areas of Finance to Work in

The financial services industry is multifaceted, offering a variety of positions that cater to different skills and interests, along with sub-industries that encompass niche opportunities. Researching the possibilities in financial services will help you to land the job that has is most compatible with your interests and skills.

The same is true for professionals who are seeking a career change and who want to give a new sector a shot. The sectors below represent some of the more common career paths in the financial services industry.

Investment Banking

Some of the most glamorous—and intense—financial careers are jobs in investment banking. Investment banking jobs facilitate new issuance of corporate securities and bring them to market for investors to purchase. Investment banks also trade securities and advise both corporations and wealthy individual investors.

Typically, investment banking firms have numerous divisions and groups with different objectives and responsibilities. Working in a traditional investment bank would allow you to interact with issuers of securities, and M&A professionals.

You might even work on the trading desk, trading stocks, bonds, and other securities in the secondary market. Or, you could become a qualitative research analyst in either stock research, corporate bonds, or other fixed-income securities. 

Corporate Finance

Corporate finance jobs involve working for a company in the capacity of finding and managing the capital necessary to run the enterprise. This is done while maximizing corporate value and reducing financial risk.

In a company’s corporate finance department, you may:

• Devise the company’s overall financial strategy
• Forecast profits and losses
• Negotiate lines of credit
• Prepare financial statements
• Coordinate with outside auditors

​More sophisticated corporate finance jobs might involve mergers and acquisitions (M&A) activity, such as calculating the value of an acquisition target or gauging the wisdom of spinning off a particular division of the company.

Corporate finance positions exist in companies of all sizes, from large international entities to small startups. The roles of financial analysts, treasurers, and internal auditors also come under the umbrella of corporate finance.

Commercial Banking

Commercial banks from large entities to local institutions offer a wide range of financial services, from checking and savings accounts to individual retirement accounts (IRAs) and loans. Positions in the commercial banking sector include bank tellers, loan officers, operations, marketing, and branch managers.

Talented professionals can advance from a local branch job to a position in a bank’s corporate headquarters, where such a promotion would expose you to other areas of commercial banking, such as international finance. 

Investment Banking

Some of the most glamorous—and intense—financial careers are jobs in investment banking. Investment banking jobs facilitate new issuance of corporate securities and bring them to market for investors to purchase. Investment banks also trade securities and advise both corporations and wealthy individual investors.

Typically, investment banking firms have numerous divisions and groups with different objectives and responsibilities. Working in a traditional investment bank would allow you to interact with issuers of securities, and M&A professionals.

You might even work on the trading desk, trading stocks, bonds, and other securities in the secondary market. Or, you could become a qualitative research analyst in either stock research, corporate bonds, or other fixed-income securities. 

Highest Paying Finance Jobs UK

So which jobs pay the most when you’re starting out?

Hedge fund, entry level, $167k-350k (£124-261k)

Hedge funds are increasingly keen on developing talent in-house and this means an increasing number of funds are rolling out formal graduate programs. Junior salaries at big hedge funds are on the rise as they look to compete against Big Tech and private equity.

According to Wall Street Oasis, average analyst pay in 2020 was $167k, split between a starting salary of $110k plus bonus. There is huge variation in pay, depending on where you work. WSO reports total pay of $350k for a first-year analyst at Citadel, including a bonus of $186K.

In some cases, bonuses can dwarf basic salary – for example Oaktree Capital management pays first year analysts $90K salary, with an average bonus of $180K, according to WSO.

Private equity analyst, $114.1k (£85k)

The best way to get into private equity is still through the analyst program at an investment bank, because private equity firms know they are getting the best-trained talent. But some PE firms have started offering their own graduate programmes, although that tends to be limited to the biggest firms like Blackstone.

Salaries remain robust, and 2021 will be a big year for private equity as funds race to deploy capital on deals. Total compensation for a private equity analyst in the U.S. is $114.1k, falling to an average of $82k in Europe and $62.5k in Asia, according to Prequin

Investment banking division, analyst, $114k (£85K)

In response to the Covid-19 pandemic, the investment banking industry is continuing to invest in junior staff. This suggests it has learned lessons from the crisis of 2008-9, when it cut vast swathes of its analyst headcount, only to scramble for talent when the market rebounded.

Also, investment banks are facing stiff competition for talented juniors from private equity firms, which is also keeping salaries at healthy levels.

Figures compiled by London recruitment firm Dartmouth Partners suggest that across the board, basic salary offers for analysts in the summer of 2020 were around $50K, with bonuses ranging from £28K to £36.8K.  “Analysts remain in demand because people are leaving the industry sooner than they did 10 years ago for work-life balance reasons.

Added to that, we’ve seen an uptick in M&A activity, so banks are staffing up to meet that growing execution need,” said Logan Naidu, CEO of Dartmouth Partners, adding that there are attractive opportunities to be had among PE firms and corporates.

Sales and trading, investment bank, $125-135k (£93k-100k)

Sales and trading departments have enjoyed a strong resurgence in 2020, boosted by record levels of volatility at the height of the pandemic. This year’s bonus round will be keenly observed. Some banks have pledged to increase bonuses but they have also been advised to exercise restraint by governments and regulators.

Quantitative risk analyst, $80-100k (£67-£78.6k)

Risk management salaries within investment banking and the broader financial services market have been on the up in recent years, although at the junior end, however, quantitative risk analysis is in danger of becoming commoditized. It is still a well-paid job, however, with Glassdoor showing entry level positions between £67k and £78.6k in London, with a cash bonus of £11k.

Regulatory reporting accountant, newly-qualified, $92k (£74k)

“Entry level” for accounting jobs tends to correspond to “newly qualified”, so it depends on whether you consider the first three years of an accountancy career to be work experience or the equivalent of a postgraduate qualification. Starting salaries for accountants vary depending on the location, sector, size and type of firm.

Graduates entering the career can expect to earn salaries of up to £30,000, according to the Institute of Chartered Accountants for England and Wales (ICAEW). But in financial services, that is much higher, and once you’re qualified, starting salaries for regulatory reporting accountants start at 60K.

Highest Paying Jobs in Finance in India

Let us look at some well-paid job titles in India and understand their work requirements. We have also provided a ballpark figure of the annual compensation associated with every role, as reported by Payscale.

1. Financial Analyst

Job responsibilities: Financial analysts look after company finances, poring over data, and supporting financial management decisions. They also evaluate the possible outcomes of business and investment recommendations.

Typically, they are hired in junior and senior capacities in banks, insurance companies, funds, and other financial institutions. Apart from basic financial literacy and accounting skills, these practitioners must possess critical thinking and communication skills.

Average salary: INR 4,09,903 p.a.

2. Compliance Officer

Job responsibilities: Compliance officers or analysts work in public or private companies, and sometimes in established nonprofit organizations, to ensure that all activities are carried out as per the guidelines set by the governance agencies.

Since long-term financial growth depends upon the established standards and regulations, these professionals play a crucial role in the finance industry. Their work involves aspects of data analysis and reviewing processes and related infrastructure to achieve compliance. 

Average salary: INR 5,39,500 p.a.

3. Financial Advisor

Job responsibilities: These professionals identify short-term and long-term financial goals for their clients and recommend the most suitable products and services to achieve them. For example, the primary duty of an insurance advisor is to research and suggest insurance offerings and interact with underwritings and risk managers for implementing their various job-related tasks.

They are also responsible for providing direction to individual customers regarding the purchase of appropriate life, automobile, housing, and other insurance types. 

Average salary: INR 6,00,000 p.a.

4. Senior Accountant

Job responsibilities: Like any accounting job, this role involves recording entries related to assets, liabilities, revenue, and expenditure of a firm. Senior accountants are at the top of the rung, overseeing and analyzing the financial information and statements, maintaining balances, and resolving discrepancies. 

Average salary: INR 4,12,977 p.a.

5. Loan Officer

Job responsibilities: Loan officers approve, authorize, and process applications of real estate, business, or credit loans. They assess candidates’ financial status or creditworthiness and subsequently interview them.

Setting up plans for debt payment and evaluating applicable metrics and ratios are some of their other duties. You can work as a loan officer in a mortgage company, a commercial bank, or a credit union. 

Average salary: INR 4,60,000 p.a. (starting)

6. Information Technology Auditor

Job responsibilities: IT auditors work in government departments or private companies to attain synchrony between the technology infrastructure and enterprise needs. They also look after IT compliance and digital security to enable smooth functioning of all organizational processes.

So, the audit review procedures can extend to software programs, computer networks, communication systems, and security setup. This job necessitates an adequate understanding of physical IT controls within the company and requires knowledge about the business operations and financial practices. 

Average salary: INR 10,74,419 p.a.

7. Financial Software Developer

Job responsibilities: As the finance industry embraces technology and the internet, the demand for software developers has experienced a sharp rise. These employees design, develop, test, and maintain software and other programs that align with the company and end-users’ needs.

Fintech is an emerging space for software developers as it envisions efficient delivery of financial services and associated activities. Some examples include mobile payments, stock trading applications, budgeting apps, and cryptocurrencies. 

Average salary: INR 7,06,919 p.a.

8. Investment Banker

Job responsibilities: As an investment banker, you are responsible for managing an investing entity’s investment portfolio. In other words, you keep track of the money invested by your client in different businesses to optimize the return and achieve the predetermined financial goals. 

Investment bankers handle stock and bond issues and also arrange for debt financing. Additionally, they are well-versed in managing merger and acquisition deals that bring in the most financial gains for investment banks. Investment banking is among the highest paying finance jobs in India, where candidates with significant experience can earn a total remuneration of Rs 16.5 lakh a year. 

Average salary: INR 8,71,972 p.a.

9. Hedge Fund Manager

Job responsibilities: High net worth individuals who are enthusiastic about investing often hire hedge fund managers to monitor markets and maximize their earnings. The job functions are similar to that of investment banking, except for the higher risk-reward portfolios of hedge fund managers.

Read Also: How to Write a Business Proposal

Investors pool their capital to make investments, and the fund manager protects them. Due to the intense working hours and technical nature, this career comes with a high entry-level salary of Rs 7.5 lakh a year. 

Average salary: INR 24,00,000 p.a.

10. Private Equity Associate

Job responsibilities: Private equity and venture capital funds provide finance to early-stage ventures and growing businesses. This funding comes in exchange for profit participation or equity stake in the investee company. Like hedge fund managers, private equity associates liaise with the investor firms/individuals and apply their capital to business ventures having growth potential. 

Average salary: Rs 32,38,889 p.a.

Final Words

Financial jobs exist at almost every company in almost every industry. There are two ways to find openings—online and offline—and it’s a good idea to use both methods. Keep in mind that financial jobs are highly specialized, so generic job boards are not the best places to seek such positions.

When looking offline, specialized executive recruiters (headhunters) can be excellent resources for both financial job opportunities and career advice. Your university’s alumni association can also be very helpful by putting you in touch with industry insiders and B-school alumnae who are willing to provide insight and sometimes job leads. 

Industry conferences and other networking events are also great places to look for financial jobs. Concerning networking, never forget the value of personal interaction—everyone you meet could know someone who knows of a job opening. Keep your avenues of communication open by following up in a professional, yet personal way, with every contact—write a thank-you email or forward an article of common interest.