Are you graduating this year and starting or restarting your career? “You might be wondering, “What are the best-paying jobs in finance that I can apply for?” Financial services are known to pay well; in 2024, they were one of the three highest-paying fields. However, there are the best highest paying finance jobs that have the potential to make a lot of money and are growing and being in high demand.
You can start your career with a new fintech company, investment banking firm, and traditional accounting. If any of the roles below sound interesting to you, keep reading.
For your kind information, we collect salary information from trusted job search websites like Salary.com, Indeed, and Glassdoor. Every job has its different specific requirements.
Quick list
- Chief Financial Officer (CFO)
- Chief Compliance Officer (CCO)
- Investment Banker
- Financial Analyst
- Portfolio Manager
- Tax Accountant
- Economist
- Insurance Advisor
- Management Analyst
- Hedge Fund Manager
1. Chief Financial Officer (CFO)
Chief Financial Officers are usually thought to be one of the two highest-paying jobs in their field. They are executives or in the C-suite and are in charge of an organization’s finances. They plan for and give advice on financial risk and make sure that the organization’s finances are in line with its strategic business goals.
Experience and Qualifications
- MBA in business or finance.
- CPA or CGMA certification.
- Extensive experience in corporate finance and analysis.
Average Salary Range
every year between $330,800 and $560,200
2. Chief Compliance Officer (CCO)
Chief Compliance Officers oversee the executive team and are responsible for ensuring that the company abides by all applicable laws, regulations, and industry standards. People with experience in finance are more likely to do well in this job because they will have to make sure that your company follows financial rules, which is especially important if it is a publicly-traded company. Your main job will be to keep the company from losing money.
Experience and Qualifications
- Executive MBA, MSA, or bachelor’s degree.
- 8-10 years of senior-level experience in compliance, finance, or accounting.
- CCEP and CRCM certifications are helpful.
Average Salary Range
every year between $206,001 and $290,201
3. Investment Banker
If you want to be an investment banker, you will have to help businesses and even governments with major responsibilities like getting money, making deals, and doing public offerings (IPOs).
Experience and Qualifications
- Degree in economics, accounting, or finance; MBA is a plus.
- CIBP certification is helpful.
- Strong decision-making and strategy skills.
Average Salary Range
$56,759 to $479,332 a year, depending on your level.
4. Financial Analyst
According to financial analysts, they use industry and economic data along with financial data to help their clients, who could be individuals or businesses, make smart investment and money choices, such as whether to buy or sell stock. Getting more knowledge about the subject could help you get ahead in your career and become a senior executive or even the chief investment director.
Experience and Qualifications
- Graduate degree in economics, business, or finance.
- Internship experience.
- CFA certification.
Average Salary Range
Anywhere from $71,000 to $103,000 a year
5. Portfolio Manager
As a portfolio manager, you are going to be the best in the business. It would be your job to keep an eye on your client’s investment portfolios while making smart choices concerning how to best use their money based on the current market conditions to ensure they can achieve their financial targets and get the greatest possible return on their investments.
Experience and Qualifications
- Experience as an investment analyst.
- MBA or Master’s in finance.
- CFA certification.
Average Salary Range
yearly income of $99,990 to $140,240
6. Tax Accountant
The U.S. Bureau of Statistics on Labor anticipates that the demand for accountants will increase at a rate of 4% annually until 2032. The accounting job is growing and doing well. Tax accountants help people and businesses by checking and keeping track of financial records to follow tax rules.
Experience and Qualifications
- Bachelor of economics, accounting, or related degree.
- CPA certification.
- MBA is beneficial.
Average Salary Range
Between $49,965 and $108,940 per year
7. Economist
If you want to be an economist, you would look at national and even global economic data and trends and report your findings to the media, governments, and organizations so they can make decisions about how to spend money and make policies.
Experience and Qualifications
- Master’s degree in math or economics.
- PhD can be useful.
- Strong numerical and analytical skills.
Average Salary Range
From $80,149 to $108,947 annually
8. Insurance Advisor
As an insurance advisor, your job is to help people and businesses find the right insurance products and coverage options so that their clients can make smart decisions and protect themselves from financial risks.
Experience and Qualifications
- High school diploma or GED.
- Bachelor’s degree in a related field.
- Government insurance license.
- Sales experience.
Average Salary Range
Within the range of $73,393 to $91,684 annually
9. Management Analyst
Management analysts, who are also referred to as management consultants, offer strategic advice, such as financial guidance to help businesses achieve their objectives and provide recommendations to enhance organizational efficiency through processes and procedures. Typically, a company that provides management consulting would employ you to provide services to their business clients.
Experience and Qualifications
- Bachelor’s degree in economics, business, finance, or management.
- MBA preferred.
- CMC certification is helpful.
Average Salary Range
From $73,393 to $91,684 annually
10. Hedge Fund Manager
The absence of hedge fund managers from an overview of high-paying finance jobs makes it incomplete. The top people in the finance industry are hedge fund managers. They are in charge of keeping an eye on investment portfolios, using a variety of strategies to make money, and keeping risk under control for wealthy people or businesses that invest in hedge funds.
Experience and Qualifications
- Master’s degree in finance or economics.
- 10 years in financial roles.
- CHA certification.
Average Salary Range
Approximately $123,771 to $153,016 annually
You can make your own future and help shape the world economy by getting the skills and continuing your education to make your finance career a success now that you know the different roles you can play.
