According to the U.S. Bureau of Labor Statistics, the median annual wage for business and finance occupations was $76,570 in 2021. This figure gives you a general idea of the average finance job salary. However, it’s important to note that salaries can vary depending on various factors such as job level, location, and experience.
If you’re just starting your finance career, you may be wondering about entry-level finance job salaries. On average, entry-level finance professionals can earn around $88,160 per year. This provides a solid foundation for your financial growth and future earning potential.
The finance industry not only offers competitive salaries but also provides excellent benefits packages. From healthcare coverage to retirement plans, finance professionals can enjoy comprehensive compensation that enhances their overall financial well-being.
Additionally, the finance sector has a low unemployment rate and is expected to continue growing in the coming years. According to projections, financial and business careers are expected to grow by eight percent by 2030. This growth translates into more job opportunities and increased demand for finance professionals.
If you’re interested in pursuing a finance career, having a bachelor’s degree is often a requirement for most finance positions. The good news is that the return on investment for a finance degree is high, as it opens doors to well-paying jobs and a rewarding career.
To succeed in the finance industry, it’s beneficial to have skills in analytics, business, economics, finance, or math. These skills can help you stand out in a competitive job market and provide a strong foundation for a successful finance career.
What Do Finance Jobs Pay?
Key Takeaways:
- Finance jobs offer impressive compensation packages and benefits.
- The average finance job salary is around $76,570 per year.
- Entry-level finance professionals can expect to earn approximately $88,160 per year.
- The finance industry has low unemployment and is projected to grow by eight percent by 2030, creating more job opportunities.
- A finance degree provides a high return on investment and opens doors to well-paying jobs.
- Skills in analytics, business, economics, finance, or math are beneficial for a successful finance career.
Highest Paying Finance Jobs
When it comes to finance jobs, some positions stand out for their impressive salary packages. These high-paying roles not only offer attractive compensation but also provide career security and opportunities for professional growth.
In terms of salary, the highest paying finance jobs include:
- Chief Compliance Officer
- Chief Financial Officer
- Private Equity Associate
- Hedge Fund Manager
- Insurance Advisor
- Financial Advisor
- Compliance Analyst
- Information Technology Auditor
- Investment Banker
Let’s take a closer look at the salary ranges for these positions:
| Job Title | Salary Range |
|---|---|
| Chief Compliance Officer | $197,001 – $278,101 |
| Chief Financial Officer | $314,481 – $528,583 |
| Private Equity Associate | $85,931 – $114,295 |
| Hedge Fund Manager | Salary information not available |
| Insurance Advisor | $50,714 – $89,566 |
| Financial Advisor | $70,482 – $147,000 |
| Compliance Analyst | $42,612 – $58,152 |
| Information Technology Auditor | $59,676 – $77,752 |
| Investment Banker | $72,133 – $89,566 |
As you can see, these finance jobs come with varying salary ranges, but they all offer excellent earning potential. While some positions, like hedge fund managers, may not have publicly available salary data, these roles are known for their lucrative compensation packages.
Whether you’re interested in compliance, finance management, investment banking, or advising, these highest paying finance jobs provide rewarding opportunities to build a successful and financially rewarding career.
Highest Paying Entry-Level Finance Jobs
The finance industry offers a range of lucrative entry-level opportunities for those looking to start their career in finance. These roles not only provide strong earning potential but also offer excellent prospects for career growth and advancement.
One of the highest paying entry-level finance jobs is that of a financial manager. With an average yearly salary ranging from $59,779 to $106,395, financial managers play a crucial role in overseeing a company’s financial operations and ensuring its financial well-being.
Financial planners are also in high demand, with an average yearly salary of $95,390. These professionals help individuals and families create effective financial plans, optimize investments, and secure their financial future.
Another well-paying entry-level finance job is that of a corporate finance professional. With an average yearly salary ranging from $105,570 to $127,995, these professionals work closely with senior executives and play a key role in making strategic financial decisions for the organization.
Other high-paying entry-level finance jobs include wealth manager, financial analyst, investment banker, management consultant, accountant, and loan officer, with salaries ranging from $91,091 to $96,220, $72,133 to $89,566, $95,920, $96,000, and $65,740, respectively.
These entry-level finance positions not only offer competitive salaries but also provide ample opportunities for career advancement, making them attractive options for those looking to build a successful and lucrative career in finance.
FAQ
What do finance jobs pay?
Finance jobs can offer impressive salaries. The median annual wage for business and finance occupations was $76,570 in 2021. However, specific salaries can vary depending on factors such as job title, experience, and location.
What is the average salary for finance jobs?
The average entry-level finance salary is estimated to be around $88,160. However, this can vary based on the specific role and industry within finance.
What are the highest paying finance jobs?
Some of the highest paying finance jobs include chief compliance officer, chief financial officer, private equity associate, hedge fund manager, insurance advisor, financial advisor, compliance analyst, information technology auditor, and investment banker. These positions offer great compensation and benefits.
What is the salary range for chief compliance officers?
The salary range for chief compliance officers can vary, with the average yearly salary ranging from $197,001 to $278,101.
What is the salary range for chief financial officers?
The salary range for chief financial officers can vary, with the average yearly salary ranging from $314,481 to $528,583.
What is the salary range for private equity associates?
The salary range for private equity associates can vary, with the average yearly salary ranging from $85,931 to $114,295.
What is the salary range for entry-level finance jobs?
The salary range for entry-level finance jobs can vary depending on the specific role. Financial manager, financial planner, corporate finance professional, wealth manager, financial analyst, investment banker, management consultant, accountant, and loan officer are among the highest paying entry-level finance jobs.
What is the salary range for financial managers?
The salary range for financial managers can vary, with the average yearly salary ranging from $59,779 to $106,395.
What is the salary range for financial planners?
The salary range for financial planners can vary, with the average yearly salary ranging from $95,390.
What is the salary range for corporate finance professionals?
The salary range for corporate finance professionals can vary, with the average yearly salary ranging from $105,570 to $127,995.
What is the salary range for wealth managers?
The salary range for wealth managers can vary, with the average yearly salary ranging from $91,091.
What is the salary range for financial analysts?
The salary range for financial analysts can vary, with the average yearly salary ranging from $96,220.
What is the salary range for investment bankers?
The salary range for investment bankers can vary, with the average yearly salary ranging from $72,133 to $89,566.
What is the salary range for management consultants?
The salary range for management consultants can vary, with the average yearly salary ranging from $95,920.
What is the salary range for accountants?
The salary range for accountants can vary, with the average yearly salary ranging from $96,000.
What is the salary range for loan officers?
The salary range for loan officers can vary, with the average yearly salary ranging from $65,740.
This Article is Reviewed and Fact Checked by Ann Sarah Mathews
Ann Sarah Mathews is a Key Account Manager and Training Consultant at Rcademy, with a strong background in financial operations, academic administration, and client management. She writes on topics such as finance fundamentals, education workflows, and process optimization, drawing from her experience at organizations like RBS, Edmatters, and Rcademy.
