The best paying jobs in finance are managerial, but entry-level jobs pay quite a lot too.
Our top ten list of the highest paying finance jobs in the world, is based on data obtained from the US Department of Labor and Census Bureau, as well as the Bureau of Labor Statistics.
The figures listed below are average annual salaries and are based on current competitive earnings.
As with any high paying job, a lot of responsibility comes along with it and competition is also very stiff, as they’re a lot of people gunning for these top positions and you can easily be out-competed by someone else.
Geographic locations, educational qualifications and work experience are some factors that also influence how much more or less each job will pay in actuality.
It’s no secret that the finance industry is one of the most lucrative sectors in the world, but one must be cautious in selecting a career, as there exists a significant income disparity within the financial industry.
People who work for investment banks get paid 30% more than those that work for buy-side institutions like asset management firms.
The best paying jobs in finance are at the top – managers, directors, CEOs, CFOs and other high-level finance executives are the ones who are really raking in the cash, but their pay-scales differ wildly from firm to firm, and from state to state.
An interesting fact is that many of these people who have the highest paying finance jobs, actually have backgrounds in liberal arts and humanities.
Compliance Analyst — US$77,000
A compliance analyst makes an average yearly salary of US$77,000.
These finance professionals are responsible for making sure their company follows the rules and regulations set forth by local, state and federal governing bodies.
They take the 10th spot on our countdown of the best paying finance jobs and most of them are required to have strong ethical principles.
Compliance analysts get paid 10% more in the United Kingdom than in America.
Some of the responsibilities of a compliance analyst include:
- Helping the company maintain a positive reputation.
- Help the company manage risks and avoid potential lawsuits.
- Establish corporate practices that ensure compliance and educating the entire company about those said practices.
Financial Analyst — US$85,000
A financial analyst earns an annual salary of US$85,000 and is typically a holder of a masters degree in business administration.
A financial analyst helps clients make solid investment or business decisions by using quantitative and qualitative methods to study the performance of stocks, bonds, commodities and other investments.
This field is highly competitive, therefore a financial analyst who is seeking employment is required to have strong analytical skills and extensive knowledge in their field, as well as additional certification.
A London-based financial analyst earns 15% more than an American one.
A financial analyst may also advise clients on their financial strategies.
Auditor — US$94,000
Auditors take the 8th spot on our countdown of the best paying jobs in finance and they earn an average annual salary of US$94,000.
A auditor helps their clients detect accounting problems or discrepancies before they balloon out of control.
Auditors play a very important role in the financial world, and they work both in the public and private sectors.
Those that work for the government, usually work as income tax auditors, while those at private firms, provide auditing services to businesses and corporations.
A small percentage of auditors work in a freelance capacity.
Certified Public Accountant — US$110,000
A certified public accountant earns an average yearly salary of US$110,000 and takes the 7th spot on our countdown of the best paying finance jobs.
A CPA helps their clients keep track of their revenue and expenses, and also files IRS tax returns on behalf of their clients.
A CPA’s salary is mainly dependent on their level of education and size of the company they work for; and for those who work in their private capacity – the number of clients on their books largely determines their income.
A certified public accountant also helps their clients manage their financial assets and liabilities.
Equity Analyst — US$114,000
A equity analyst makes an average amount of US$114,000 per year and are typically employed by brokerage or financial firms.
They’re responsible for conducting research in order to analyze the value of a company’s stock and make financial predictions about a company’s future.
The research equity analysts conduct is accomplished through numerical and qualitative analysis of financial data, public records of companies, recent news and other information sources.
Investment Banker — US$133,000
An investment banker earns an average amount of US$133,000 per year, and they’ve a wide range of responsibilities.
Mostly, they help raise capital for their clients by issuing debt or by selling equity in companies that their clients own.
Investment bankers typically work long hours and have a very strong work ethic.
Investment bankers also advise their clients on potential investment opportunities and financial strategies. They also assist with mergers and acquisitions.
FP&A Analyst — US$144,000
A financial planning and analysis analyst (FP&A analyst) earns an average amount of US$144,000 per year, and takes the 4th spot on our list of the best paying jobs in finance.
A FP&A analyst is responsible for creating and overseeing budgets, long-term financial plans, financial analyses and financial predictions.
A FP&A analyst is often required to have an MBA or a masters degree in accounting or finance. Some employers even require their potential FP&A analyst recruit to be certified as an accountant.
Blockchain Software Developer — US$170,000
A blockchain software developer in the finance industry earns an average amount of US$170,000 per year.
Blockchain development is one of the fastest-growing fintech skills that are in demand.
They’re responsible for utilizing various programming languages (Java, Python and C++) to create interfaces, features, and architecture for different financial purposes, such as payment processing.
More than 70% of financial institutions have adopted blockchain technology as part of their in-production process.
Despite the high demand for blockchain software developers in the fintech industry, the number of qualified blockchain developers remains inadequate to fill the void.
Actuary — US$280,000
Actuaries take the 2nd spot on our top ten list of the best paying jobs in finance. An Actuary earns an average annual salary of US$280,000!
They’re experts at risk management – they use statistical techniques and mathematical skills to assess the probability of a certain outcome, and its financial consequences.
Actuaries are in high demand in the insurance and banking sectors. Their analytical skills are also used by investment firms and financial planning companies.
Almost all actuaries with masters degrees have their own consulting firm.
Hedge Fund Investment Manager — US$470,000
Hedge fund investment managers take the number 1 spot on our list of the best paying jobs in finance – they make a whopping average amount of US$470,000 per year!
They’re responsible for persuading wealthy individuals and pension funds to allow them to manage a large portion of their investment capital.
Most hedge fund managers receive a 2% management fee, applied to the total funds under their management, in addition to 20% of the fund’s profits.
Hedge fund investment managers require superior interpersonal and sales skills. Most of them come from brokerage or investment companies.
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