UNIQUE Best Paying Jobs in Finance Consumer Services | Highest Paying Investment Banking Jobs
Before we start listing the best-paying jobs in finance consumer services, it is essential that we understand what lies under the hood.
“What skills are required for the best-paying jobs in finance consumer services?”
“How much do these jobs pay?”
“How can YOU get one of these jobs?”
Find all the answers below! Let’s go!
What are Finance Consumer Services?
Let’s start with understanding what the aim of finance consumer services is.
Broadly, these are the services offered to the final consumer or an individual consumer. For the same logic, finance consumer services are known as retail financial services.
How are Finance Consumer Services different from Corporate Finance Services? 🤔
The answer to this is pretty straightforward.
So, while corporate finance deals with the finances of a business, finance consumer services aim at providing financial products and services and the individual consumers.
9 Best Paying Jobs in Finance Consumer Services
What are the best paying jobs in finance consumer services? Check out our list below!
1. Financial Manager
One of the best-paying jobs in finance consumer services is that of a financial manager. The role in this job includes monitoring the financial health of an organization.
They are also responsible to maintain their financial viability by calculating the profitability, supervising the expenses, and managing the cash flows.
“How can I become a financial manager?”
To become a financial manager, you will require a bachelor’s degree in finance or business administration. You must be proficient in accounting and Excel spreadsheets.
Average Salary – $123K per annum
2. Investment Banker – Highest Paying Investment Banking Jobs
The next job on the list of best-paying jobs in finance consumer services is investment banking.
Investment bankers manage the portfolios of companies and government organizations with the aim of maximizing capital.
“How can I become an Investment Banker?”
To become an investment banker you need graduation in finance from a Top Tier college and have additional skills like financial modeling.
You will also require to work at least two or three internships and gain some practical experience.
Further, as you go ahead with your career, you will require a master’s in finance or an MBA, or get a CFA (Chartered Financial Analyst) certification.
Average Salary – $132K per annum
3. Financial Software Engineer
With the booming success of the fintech industry, financial software engineering is one of the highest-paying jobs in finance in the present scenario.
The primary responsibility of a financial software engineer is to develop, modify, and maintain, software applications for the financial and banking sector.
“How can I become a Financial Software Engineer?”
To become a financial software engineer you will require a bachelor’s degree in computer science, software development, math, statistics, or a closely related field.
Understanding of testing and development best practices is a must.
Knowledge of Java and C++ is an added benefit for the best-paying jobs in finance consumer services.
Average Salary – $95K per annum
4. Compliance Officer
Did you know?
Between 2018 and 2028, the financial compliance career is expected to grow at a rate of 7% creating 4,300 new job opportunities across the U.S.
This number might seem a little depressing, but this is one of the secret jobs no one knows about.
Needless to say, this is one of the best-paying jobs in finance consumer services. But, what is the role of a compliance officer?
As a compliance officer, your primary responsibility is to ensure that your firm’s practices are compliant with both external regulatory standards and the internal regulations established within an organization.
“How can I become a Compliance Officer?”
To become a compliance officer, it is vital for you to earn your bachelor’s degree in finance or a related field. A master’s in finance is also preferred.
You must also possess strong analytical skills along with excellent knowledge of maths.
Average Salary – $88K per annum
5. Private Equity Manager – Highest paying job in finance sector
Private equity management is one of the highest-paying investment banking jobs. Private equity associates work to locate possible investors, assist with acquired investments, and carry out due diligence with their firm’s existing clients.
“How can I become a Private Equity Manager?”
The qualifications required to become a private equity manager are similar to that of investment banking.
Most private equity firms hire associates with at least two years of experience as investment banking analysts. This is one of the highest-paying jobs in the finance sector.
Average Salary – $128K per annum
6. Stock Broker
Stock brokerage is one of the best-paying jobs in finance consumer services, and these professionals offer their services to both corporates as well as individuals.
In simple words, stock brokers are sales agents who guide their clients to buy and sell stocks and securities in such a way as to maximize their money.
Stockbrokers often work overtime in stressful, fast-paced environments, so if you’re looking for a stress-free job, you might wanna pass this one.
“How can I become a Stock Broker?”
To become a stockbroker one must earn a bachelor’s degree and some internship experience, as is common with most finance degrees.
Next, you will require to pass the FINRA exam which requires sponsorship from a FINRA-regulated financial firm.
(You can apply for sponsorship by completing FINRA’s Form U4.)
To start practice, you need to pass at least the FINRA Series 7 and Series 63 exams and obtain the respective licenses.
Average Salary – $74K per annum
7. Accountant – High paying job in accounting and finance
The accountant is yet another career on our list of the best-paying jobs in finance consumer services.
The role of an accountant involves bookkeeping duties such as making journal entries, preparing ledger accounts, statement reconciliation, and tax preparation services like calculation of depreciation, and filings tax on behalf of clients who own small businesses or run their own personal finances independently.
Now, before choosing a career as an accountant, you might also want to read why this job may disappear by 2030.
“How can I become an Accountant?”
To become an accountant you require a bachelor’s degree in accounting.
Average Salary – $58K per annum
8. Loan Officer
A loan officer is one of the highest-paid jobs in banking. As a loan officer, you will be employed by financial institutions like banks, credit unions, etc. to offer advice to potential borrowers in applying for loans.
“How can I become a Loan Officer?”
To become a loan officer you must earn a bachelor’s degree in business, accounting, finance, or a related field.
You can also go for undergraduate certificate programs for mortgage loan originators offered by some community colleges. Students are taught topics like real estate fundamentals, real estate fraud, sales, marketing, real estate finance, appraisal, etc.
Furthermore, some organizations, for instance, the American Bankers Association’s American Institute of Banking (AIB) offer certificate and diploma courses for prospective loan officers through local training providers.
Average Salary – $182K per annum
9. Personal Finance Advisor – Best Paying Jobs in Finance Consumer Services
Last but not least on the list of best-paying jobs in finance consumer services is a personal finance advisor.
These professionals offer their consultancy to both individuals and large business houses alike.
Their primary responsibility involves advising their clients on matters relating to taxation, investment (both short-term as well as long-term investment opportunities), and other financial aspects.
“How can I become a Personal Finance Officer?”
Degrees are often the sign of both your intentions and abilities. So, to become a personal finance advisor, you need a bachelor’s degree in finance.
Mind it that you also need this degree to obtain the most crucial certification in this field i.e. Certified Financial Planner (CFP) certification.
Average Salary – $74K per annum
Is Finance Consumer Services the Right Career Path for You?
To answer this question you need to ask yourself a few questions.
Are you a problem-solver?
Is finance your core competency?
If yes, then you are on the right path. But that’s not sufficient.
You need to figure out whether you would want to help businesses grow with your services or impact individuals’ financial situations?
Answering this question will help understand whether a career in finance consumer services is good for you or a career in corporate finance.
Also, these jobs don’t necessarily require communication skills, even if you suffer from BPD, these might still be great options for you.
Another reason why finance consumer services is a great career option is that it offers a lucrative salary and continuous learning opportunities.
In fact, the key to making a great career in this sector is to keep learning and evolving constantly.
Lastly to say…
Best Paying Jobs in Finance Consumer Services – Finance and accounting have always been popular career choices. Even with the dynamic economy, and the fast-paced technological advancement, the growth of this sector remain steady.
And, if you’re looking for the best-paying jobs in finance consumer services, these might be the most lucrative options for you.
Ask us in the comments section about more finance jobs that you can apply for. Till then, stay safe and keep hustling!