In this article, we discuss the different kinds of finance jobs available and we share a list of some of the highest paying finance jobs. Finance offers an inspiring number of opportunities for people who are interested in the field. These high-paying opportunities exist in one of six categories, as described below:. Corporate careers: These are chief executives and other jobs at enterprise businesses and corporations both public and private.
These types of jobs are often in an office and hold more traditional hours. Advising: Advisors guide individuals to products, whether it be insurance or investments or banking products, they usually work on a commission or bonus structure which makes this a fairly lucrative career.
Advisors need to combine financial expertise with sales acumen. Fintech: Financial technology accounts for financial programmers and even some of what CFOs do. In today's typical enterprise business, finance departments support technology infrastructure allowing for Fintech to overlap a number of other professions in finance.
Investments: Financial professionals who work in investments are responsible for putting capital into portfolios that help individuals and companies growth wealth. Accounting: Accountants and their associates provide an important financial service in helping businesses and individuals keep financial records, be in financial compliance with regulatory agencies and manage budgets and spending.
Lending: People who work in lending help customers select loans, or perform some of the operational duties of helping customers secure loans. 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. 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. Primary duties: This is a finance professional who audits a business for compliance with standards set forth by various governing agencies. The finance industry is very compliance-driven since long-term economic stability and financial growth rely on established standards.
Compliance analysts review data, processes and financial infrastructure to ensure regulations are met. 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.
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. Primary duties: Financial analysts comb through financial data to help business stakeholders make informed decisions about company finances. These careers offer above-average pay to start and go from there into the stratosphere.
Here's an overview of high-paying finance jobs. Portfolio management is one of the most prestigious roles in the entire finance industry. Portfolio managers, often known colloquially as money managers, directly oversee institutional and retail client investments in their daily work, providing them a tremendous amount of power, as well as a deep responsibility.
They recommend personalized investment strategies and specific investment decisions to clients, and they usually have discretionary power in executing those strategies to fulfill the client's goals. Some managers are more focused still. A manager may be a specialist in certain types of stocks, or blockchain -related startups, or high-yield bonds.
Focused funds employing these specialized managers may seek individuals with research analytic backgrounds. Others include broader mandates, such as a multi-asset class strategy, and these firms often look for managers with a similarly wide base of investment knowledge and background.
There are a variety of employers in the sector, each focusing on a specific segment. Investment companies and financial service firms offer funds for retail investors. Investment banks provide strategic advice to corporations, large institutions, and even governments. Commercial banks offer a range of investments to their customers. Money management firms, portfolio management companies, and hedge funds cater to high-net-worth individuals.
After earning a four-year college degree, as well as a graduate degree, many potential money managers also attain the Chartered Financial Analyst CFA designation. Thus, rather than continue to climb a career ladder, portfolio managers may manage increasing amounts of money, or they may leave to start their own firm or hedge fund.
Another career path in this field goes through the finance department of a corporation. Specialists in this field can work in a variety of industries. Finance Manager: Every corporation has finance managers, and they are among the top-paying jobs in the financial industry. They are responsible for all financial aspects of the business including risk management, planning, bookkeeping, and financial reporting. Accounts Manager: The accounts manager is responsible for the general accounting function and oversees the completion of ledger accounts and financial statements.
Some organizations may require individuals to have a Certified Public Account CPA designation and at least seven years of experience in the accounting field. Risk Management: Risk managers keep on top of a wide range of pitfalls that befall businesses, including credit risk , market risk, operational risks , and liquidity risk. Companies are increasingly investing huge sums of money on sophisticated technology and people to help them measure, manage, and mitigate these risks.
The field has gained tremendous importance in banks and financial institutions in the aftermath of the Great Recession , as numerous scandals and failures have led to tighter government and industry regulations and higher accountability standards. Investment banks typically work with corporations, governments, and other large financial institutions to help them raise capital or to advise them with regards to strategy. They invest in new or growing ventures, facilitate mergers and acquisitions, and take companies public.
They also frequently buy and sell a range of investment products, such as stocks, bonds, and other securities. The biggest of the big names are Goldman Sachs and Morgan Stanley, but they are not the only ones hiring investment bankers. Investment banking departments exist within big commercial banks like Citigroup and at smaller regional and boutique banks.
Investment bankers work at alternative asset management companies, including venture capital firms and private equity institutions. Many large companies have an in-house division that operates like an investment bank, providing evaluations of strategic opportunities and corporate mergers.
For better or worse, investment banking has long held a reputation for being a blueblood profession. While historically, many investment bankers have enjoyed prestigious academic backgrounds at top-level universities and colleges, the profession has grown more democratic—at least in social terms. Professionally, it still has an elitist tinge: MBAs are often de rigueur, though it's less common for investment bankers to seek out professional certifications like the Series 7 or CFA as compared with some other types of finance jobs.
Underwriting specialists typically focus on debt or equity and often have an industry-based focus as well. These bankers commonly serve in client-facing roles, working with outside contacts to determine capital needs while at the same time working in-house with traders and security salespeople to find the best options. Underwriting is not limited entirely to investment banks and has spread to larger universal banks to a great degree in recent years.
Private Equity: Many investment banks have private equity arms, although private equity jobs are typically found at smaller, specialist firms. Bankers in this area raise money for non-public enterprises and companies, keeping a portion of any profits they are able to generate through deals. Venture Capital: Venture capital firms tend to specialize in providing new capital to emerging companies, often in rapidly-developing industries, including tech, biotech, and green technology.
While many of the target companies eventually fail, venture capitalists often prosper by getting their financial stake in and then out at the early stages of development, producing massive returns on investment. Employees of venture capital firms are typically both adept at number crunching and deal-making and clued into new technologies and ideas. These jobs embody the classic Wall Street image of an individual buying and selling stocks, bonds, commodities, currencies, and more.
But these days the scene may be set far from Wall Street. Trading jobs can be found at commercial and investment banks, asset management firms, hedge funds, and more. Traders for asset management firms seek the best price of a security when conducting trades on behalf of a client; traders for hedge funds aim to take proprietary positions in an attempt to benefit from expected market movements. It used to be possible to work your way up as a trader even without a college degree.
While the career path still tends to be somewhat less defined than for, say, investment banking, many traders nowadays have a background in a finance-related field from a strong university, and often many have advanced degrees in statistics, mathematics, or related fields of study.
Traders who perform well will typically be allocated increasing amounts of capital. Sell-Side Traders: Sell-side traders typical work for banks. Buy-Side Traders: Buy-side companies like asset management firms also employ traders. They typically conduct buying and selling under the direction of a portfolio manager. Hedge Fund Traders: Hedge fund traders are not working to satisfy client orders, but rather to maximize profits for the fund itself. Like buy-side trading jobs, traders at hedge funds may take orders from a portfolio manager, or they may even be able to decide on their own buys and sells.
Economic analysts observe broad areas of the economy and the markets in order to look for major trends. These jobs tend to appeal to individuals who enjoy analyzing data, tracking trends, and making opinions based on those trends regarding the future of financial markets. Analytical jobs frequently involve writing, public speaking, and ample work with Excel or another spreadsheet application. These jobs exist at investment banks, money management firms, and other traditional finance-world institutions.
They also can be found in the public sector, in government, and even in academia. Most financial analysts hold an MBA degree, and many have a Ph. Because of the writing component in many related jobs, experience writing and even publishing in the field is desirable.
While there is a high initial barrier to entry, once in, financial analysts enjoy a degree of flexibility that many other finance jobs do not. Analytical jobs can often move between different types of employers. An established economist may move from a job at an investment bank to one at a university to one with the government while conducting essentially the same type of work in each case.
Economist: Economists are ubiquitous at a variety of finance-related institutions.
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