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Highest Paying Jobs in Finance

Top 15 Highest Paying Jobs in Finance: A Quick Guide

Financial jobs aren’t just highly coveted for their challenging profiles – they make for some lucrative careers too. This guide offers insights into the 15 highest-paying jobs in finance. Read on to see what suits you best. There’s a variety of finance jobs out there, and corporate finance with its large companies is only one of the many areas that require finance professionals. Moreover, as a financial expert, you can work across industries independently after gaining the required certifications and licenses. Many of the jobs mentioned below offer the freedom to work on your own as well.  

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What Skills do You Need for a Job in Finance?

Before we look at the highest-paying jobs in finance, here are a few essential skills every finance pro should have to advance their career:  

  • Excellent communication skills
  • Interpersonal skills 
  • Advanced degree and certifications 
  • Analytical and problem-solving skills
  • Proficiency in financial reporting 

15 Highest-Paying Jobs in Finance

Here is a list of 15 of the highest-paying jobs in finance.

1. Investment Banker

Investment bankers are investment professionals responsible for capital raising, mergers, acquisitions, debt, and equity services for corporations, governments, or other entities. It is also one of the highest-paying jobs in finance. 

Average Annual Salary in the U.S.: $113,266

Qualifications 

  • Bachelor’s degree or an MBA
  • Additional certificate courses 

Skills 

  • Analytical skills
  • Communication skills
  • Time and project management 
  • Teamwork and interpersonal skills 
  • Resilience in a high-pressure role 

2. Financial Analyst

Financial analysts are responsible for researching and examining financial data to inform investment strategies and help companies make investment decisions. The typical tasks for financial analysts include monitoring current events and creating financial data and models.  

Average Annual Salary in the U.S.: $76,670 

Qualifications 

  • Bachelor’s or master’s degree in finance or a similar field
  • An active license registered with Financial Industry Regulatory Authority (FINRA)

Skills 

  • Accounting skills 
  • Communication skills
  • Analytical and critical thinking
  • Leadership and management skills 
  • Organizational skills 

3. Personal Finance Advisor

Personal financial advisors are professionals who have the expertise to provide solutions and help clients avoid costly errors, mitigate risks, and offer a wide range of services and products aligned with the client’s goals.

Average Annual Salary in the U.S.: $83,741

Qualifications 

  • Bachelor’s degree
  • Series 7 and Series 65 or Series 66 licenses from FINRA
  • CFA, CFP, or ChFC certification

Skills 

  • Client relationship skills
  • Research and detail orientation 
  • Wealth management 
  • Business development 
  • Risk assessment 

4. Financial Manager

Financial managers are professionals who oversee the financial health and stability of organizations. They manage expenses, monitor cash flow, and produce financial data.

Average Annual Salary in the U.S.: $112,377

Qualifications

  • Bachelor’s or master’s degree in finance or a related discipline
  • CMA, CFA, or CPA certifications 

Skills  

  • Accounting and budgeting skills 
  • Mathematical proficiency  
  • Problem-solving skills 
  • Communication skills 
  • Interpersonal skills 

5. Financial Risk Manager

Financial risk management is a highly respected and critical profession. It is vital for the functioning of a business as these managers help identify potential risks to mitigate or minimize damaging financial outcomes.

Average Annual Salary in the U.S.: $100,339

Qualifications

  • MBA or doctorate in finance or economics
  • Professional experience in risk management
  • FRM certification from the Global Association of Risk Professionals (GARP)    

Skills 

  • Communication skills 
  • Analytical skills 
  • Strategic thinking skills 
  • Technological capabilities 
  • Leadership skills 

6. Economist

Economists analyze economic issues and historical trends to predict financial outcomes and future societal development. They perform tasks such as researching, collecting data, and analyzing trends. 

Average Annual Salary in the U.S.: $111,261

Qualifications

  • Bachelor’s degree in a finance-related field
  • MBA or master’s in economics 

Skills

  • Mathematical aptitude 
  • Social science acumen
  • Critical thinking 
  • Analytical skills 
  • Communication skills 

7. Private Equity Associate

Private equity associates are executives who work with client firms or prospects to find potential investors, assist with acquired investments, and conduct due diligence. 

Average Annual Salary in the U.S.: $124,165

Qualifications

  • Bachelor’s degree in a finance-related major
  • CFP, CFA, and CAIA certification

Skills 

  • Research 
  • Data analysis 
  • Communication skills 
  • Financial modeling 
  • Networking 
  • Research skills 
  • Negotiation 

8. Hedge Fund Manager

Hedge fund managers are professionals who manage financial investments or assets of a group of investors on their behalf, with an aim to enhance benefits and limit the investment risks of their clients. 

Average Annual Salary in the U.S.: $181,938

Qualifications

  • Master’s degree in statistics, MFin, MBA, and Ph.D. 
  • CFA certification 

Skills 

  • Quantitative expertise 
  • Communication skills 
  • Risk tolerance 
  • Portfolio construction
  • Interpersonal skills

9. Senior Accountant

Senior accountants are the professionals in charge of reporting costs, margins, productivity, and expenses for companies. They aim to analyze the company’s past transactions and present critical information. 

Average Annual Salary in the U.S.: $77,064

Qualifications

  • Bachelor’s and master’s degree in accounting or a related field
  • CPA license

Skills 

  • Analytical skills
  • Problem-solving skills 
  • Detail-oriented
  • Communication skills 
  • Proficiency with accounting software

10. Private Equity Analyst

Private equity analysts are experts who conduct research and analysis on private companies for private equity companies. 

Average Annual Salary in the U.S.: $89,233

Qualifications 

  • Bachelor’s and master’s degree in a finance-related field

Skills 

  • Communication skills
  • Interpersonal skills
  • Analytical skills
  • Valuation skills 
  • Industry knowledge

11. Internal Auditor

Internal auditors are professionals tasked with providing independent and objective evaluations of an organization’s operations. These professionals primarily examine financial documents and ensure the efficient working of the organization. 

Average Annual Salary in the U.S.: $71,051

Qualifications  

  • Bachelor’s degree in finance, computer information systems, or a related field
  • Work experience
  • MBA, or CIA and CPA certification

Skills 

  • Risk management
  • Project management
  • Problem-solving 
  • Data Analytics 
  • Regulatory knowledge

12. Private Banking Analyst

Private banking analysts work to develop relations with their clients and provide banking services such as investment management and cash management. 

Average Annual Salary in the U.S.: $97,048

Qualifications

  • Bachelor’s degree in business administration, accounts, or finance

Skills 

  • Knowledge of banking and financial systems
  • Analytical skills
  • Market knowledge 
  • Interpersonal skills 
  • Communication skills 

13. Insurance Advisor

Insurance advisors are professionals who are responsible for providing financial advice to clients and helping them choose the right insurance policies for their future needs.  

Average Annual Salary in the U.S.: $73,492

Qualifications 

  • Bachelor’s degree in finance or a related field is a must for this role. 
  • CFP license 

Skills

  • Customer service skills 
  • Communication skills 
  • Financial planning
  • Sales skills 
  • Analytical skills 

14. Tax Director

Tax director is one of the highest-paying jobs in finance. These experts create and implement an organization’s strategic tax policies and objectives.  

Average Annual Salary in the U.S.: $198,829

Qualifications

  • Bachelor’s degree in accounting or a related field 

Skills 

  • Knowledge of accounting 
  • Analytical skills
  • Client service and relationships  
  • Communication skills 
  • Leadership skills 

15. Information Technology Auditor

Information technology auditors are responsible for internal controls and risks within an organization’s computer systems to ensure financial data safety. 

Average Annual Salary in the U.S.: $75,149

Qualifications

  • Bachelor’s or master’s degree in accounting or a related field 
  • IT certifications such as CISA, CISM, CRISC, and CGEIT

Skills 

  • Excellent knowledge of databases, networks, and infrastructures
  • Communication skills 
  • Analytical thinking 
  • Teamwork 
  • Organization skills 

Are Finance Jobs Only Available in Large Institutions?

In conclusion, a career in finance leads to exceptional career growth and earning opportunities. Additionally, finance professionals can greatly benefit from online courses that equip them with the knowledge and credentials necessary to advance their careers. You can target one of these highest-paying jobs in finance by boosting your resume through one of Emeritus’ diverse catalog of finance courses.

Please note all salary figures are from Glassdoor.

By Krati Joshi

Write to us at content@emeritus.org 

Jobs in Fintech

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