Having a bachelor’s degree in finance is one way to land the best paying jobs in finance industry. Although the finance industry is massive, even those without a degree can find opportunities by pursuing internships. Similarly, recent graduates can find great job opportunities through unpaid internships. In this article, we’ll look at some of the most sought-after jobs in finance.
Professionals in this field assist corporations, governments, venture capital firms, and individuals with their capital needs. They help companies go public, underwrite the new debt, and facilitate mergers and acquisitions. They also broker trades on behalf of institutions. As a result, investment banking positions are among the highest-paying careers in finance. But it’s not without its challenges.
Investment banking jobs require hard-core financial analysis skills. These professionals must have a solid grasp of financial markets and investment fundamentals. Investment banking is often a stepping stone into a career with leading private equity firms and hedge funds. At the same time, the starting pay may not be as high as those in these firms, but the salary increases as you gain more seniority. And you can expect to earn as much as $180,000 per year.
Equity Capital Markets
The hours can be flexible, but they are also highly dependent on the current pipeline. A typical day at work may consist of 15 hours, but there are times when the workload is incredibly high.
The best-paying cities for Financial Markets are San Jose, CA, Oakland, CA, and Tanaina, AK. Financial Markets salaries are typically in the range of $62,500 to $146,000 per year but can vary considerably depending on the city and years of experience. In general, salaries for financial markets professionals are higher in the Bay Area and San Francisco, CA, than in any other state.
Underwriters are responsible for assessing life, disability, and health insurance applications. They must be detail-oriented, as each data point affects the application differently. They also must be confident and able to make quick decisions. Insurance underwriters have limited contact with clients but may need to work with other professionals to make decisions regarding insurance policies. As the number of automated underwriting programs increases, underwriters will have fewer opportunities.
A bachelor’s degree is the minimum educational requirement for insurance underwriting, although some employers will look for experience and certifications. Most employers ask for at least four years of relevant insurance experience. Health, life, and disability insurance are three of the most common types of insurance, and experience in each of these fields is required. In addition, employers often require professional certifications to help you keep up to date on technology and adjust to changing business dynamics. For advancement, an MBA is helpful.
Working as a management analyst is an exciting career that rewards you for your analytical skills and business acumen. Management analysts examine the current operations, processes, and systems of companies to make recommendations for improvement. A management analyst can earn up to $85,260 a year. They can also choose to work in a consulting firm or open an independent shop. In either case, a management analyst has a versatile career. They can be brought in to address specific problems or given a broad mandate to suggest new ways to conduct business. Although finance is typically considered a field for college math majors, plenty of people have backgrounds in liberal arts and human resources. Although quantitative skills are necessary, experience and expertise are essential. Some analysts may have a master’s degree in data science and earn extremely high salaries through client connections or the ability to predict market trends. But whichever career path you choose, it is important to understand the average s