Highest Paying Finance Jobs in USA
There are a wide variety of jobs in the finance industry and a job in finance can cover a wide range of tasks.
About Finance jobs
You can expect good financial rewards but the expectations are high. First you are required to be extremely well qualified and more often than not there is a favouritism in the industry toward people that are experienced. It is a stressful environment with long working hours, has massive job scope and are time sensitive; reports has strict datelines. There is no room for sloppy work here.
Types of Finance Jobs
They include accountancy, corporate banking, commercial banking, investment banking, financial management, investment management, management consultancy, retail banking, personal financial services and taxation.
The Top 3
Highest Paying Finance Jobs
1) Financial Managers - $121,750 to $208,000
2) Financial Analyst - $81,760 to $165,100
3) Accountants - $68,150 to $120,910
1) Financial Managers - $121,750
- Average income is $121,750.
The lowest 10 percent earns less than $65,000, while the highest 10 percent earns over $208,000.
- Median annual wages
- $142,300 - Professional, scientific & technical services
- $140,650 - Management of companies & enterprises
- $121,270 - Manufacturing 121,270
- $117,870 - Finance and insurance 117,870
- $109,230 - Government 109,230
1 out of 3 (33%) of financial managers worked more than 40 hours per week in 2016.
2) Financial Analysts - $81,760
- Average Annual Income $81,760.
The lowest 10 percent earns less than $50,350, while the highest 10 percent earns over $165,100.
- Median annual wages
- $96,930 - Securities, commodity contracts, and other financial investments and related activities
- $80,380 - Management of companies & enterprises
- $77,250 - Credit intermediation
- $74,650 - Insurance carriers
- Fund managers are typically compensated by fees, usually structured as a percentage of assets under management and a percentage of the fund’s annual return.
- 3 out of 10 (30%) of financial analysts worked more than 40 hours per week. It has long working hours as much of their research must be done after office hours as their days are filled with telephone calls and meetings.
3) Accountants & Auditors - $68,150
- Average Annual Income is $68,150
The lowest 10 percent earns less than $42,140, while the highest 10 percent earns over $120,910.
- Median annual wages
- $72,950 - Finance and insurance
- $70,790 - Management of companies & enterprises
- $68,130 - Accounting, tax preparation, bookkeeping, and payroll services
- $65,820 - Government
- 1 in 5 (20%), of accounatnts worked more than 40 hours per week. Longer hours are typical at certain times of the year, such as at the end of the budget year or during tax season.
- Difference between Accountants & Chartered Accountants
Accountants tasks include, preparing financial advice, preparing business plans, preparing budgets for clients and collating reports. They will usually be adept at managing expenditure, credit, payroll and investments and will be able to create financial plans and forecasts. They will also typically have a large component of their work facing clients. This means they get a healthy mix of desk work as well as social interaction with their client base.
Chartered Accountants are qualified to go further and investigate financial anomalies. They can offer management consultancy services designed to improve the management of the organisations that they deal with to make them more financially responsible and ultimately more profitable. They can also offer advice on taxation, advice on insolvency and corporate finance.
So there you have it the top 3 in terms of highest pay. Good luck.
