Finance is a vast and thriving field. It presents a wide variety of excellent job opportunities for all interested in mathematics and the world of business. Additionally, it is full of appeal for people who want to earn six or seven figures in salaries, as it is a very profitable career path.
Whether you are a newly minted finance major or an experienced worker looking to make your first steps in the financial industry, this article is for you. Here, you will find a few examples of the best jobs in finance.
Even less lucrative financial jobs such as a debt consultant organizing debt consolidation loans can earn you $100,000 to $150,000 a year.
Still, while many finance-related careers can earn you a nice living, there are only a handful of jobs that stand out from the crowd. Here they are.
Portfolio managers are an important part of any large organization. By practicing portfolio management, they help the said organization make decisions about the different funds they have and create new ones. In the process, they also earn a pretty penny for their efforts, taking a cut of all money that is in the portfolio.
What this means is that if a portfolio manager helps you to make money, they will get a part of that money as well. This makes them one of the most well-compensated people in the finance world. In fact, some of them are said to earn in excess of $500,000 annually.
Derivatives are special contracts that are often used to hedge against future risks. Derivatives traders work with derivatives in order to manage financial risks for different companies. This is especially true in the case of companies that are investing in strategies that carry a high risk of loss and require the help of a third party.
Traders make their money when they manage to reduce the risk for the company and earn it money in the process. This can happen in a variety of ways, such as selling off assets or finding investors who are willing to help the company by providing loans. In this line of work, you can earn as much as $500,000 annually if you perform well.
Investment Banker (Equity Analyst)
Investment bankers are experts at getting money for clients and using it to make them even more money. They do this by finding investors willing to help their clients by providing them with money or by creating new financial products that their clients can invest in.
There is no question about it: working as an investment banker is a lucrative field. In fact, investment bankers are generally compensated with million-dollar salaries, especially if they excel at their job. What is more, they also earn a significant bonus every year. Sometimes, these bonuses can be as high as $1 million or more.
Financial analysts are people who are responsible for evaluating different strategies and plans that are developed by companies. Their job is to give advice about the most effective strategies for companies to pursue. They do this by crunching numbers, analyzing different scenarios, and coming up with recommendations that can be used to improve the profitability of a company or its performance in the market.
There is no doubt that this is one of the best jobs in finance because it offers an excellent opportunity for growth and outstanding salaries.
Investment Banker (Mergers & Acquisitions)
Investment bankers who specialize in M&A are experts at finding buyers for companies who want to sell off their assets or merge with another company. This is an excellent job because it allows you to make lots of money: these investment bankers typically earn millions of dollars every year, sometimes even more than that.
They also have a very good chance of earning even more money if they manage to sell a company that is worth $1 billion or more.
Managing Director (Corporate Finance)
This is another very lucrative job in finance, especially for those who manage to excel at it. Managing directors are highly-ranked executives who might even be part of the top management team and act as advisers to top-level executives in large corporations. They are typically responsible for managing different divisions at large companies, and they have a lot of influence over how these companies perform in the market.
This means that if you become a managing director in your field, you can expect to make at least $500,000 annually while also earning significant bonuses during your career.
Banks handle our investments, loans, and any other financial services we need. This makes a job as a banker very lucrative because banks rake in massive amounts of money every year. They distribute a significant portion of it among their employees by offering salaries that go well beyond six-figure figures.
Of course, you can continue earning even more money by working harder and progressing your career even further in your bank until you become a CEO or something similar. This will make you one of the wealthiest people in your country.
The world of finance is a lucrative one; these are just a few of the best jobs available. Working in finance has many benefits, from better salaries to a greater chance of career advancement than many industries. It also has some of the highest paying entry positions. If you are considering a career in finance, you’ve made a good decision.