September 28, 2023

Job safety is all the time a priority when selecting a profession, however some fields are extra recession-proof than others. And whereas there’s no assure that any job might be proof against cutbacks or layoffs, some industries climate financial storms higher than others.

One trade that tends to be recession-resistant is finance. In any case, folks will all the time want monetary providers, whether or not investing their cash, taking out loans, or managing their taxes. And whereas the finance trade has seen its share of ups and downs over time, it typically bounces again pretty rapidly after a downturn.

When you’re contemplating a profession in finance, you’re most likely questioning what the best-paying jobs are. With this in thoughts, we’ve compiled an inventory of the highest-paying finance jobs for 2023.

12 Highest Paying Jobs in Finance

woman facing the camera while sitting at a desk with a laptop working in her job in finance

Whereas many finance jobs pay nicely, the next 12 positions sit at or close to the highest of the pay scale in 2023:

1. Chief Monetary Officer

Common wage: $314,481 per yr

As a monetary government, the chief monetary officer (CFO) is liable for the monetary well being of a company. The CFO role is multi-faceted and consists of all the pieces from monetary planning and evaluation to enterprise budgeting, monetary decision-making, and danger administration. CFOs usually have a deep understanding of financial principle and observe and powerful analytical and problem-solving abilities.

CFOs are a few of the highest-paid finance professionals as a result of they’ve expertise and networks and excel at monetary management.

2. Monetary Supervisor

Common wage: $134,180 per yr

Out of all of the finance jobs obtainable to varsity graduates, monetary managers are a few of the highest-paying, with excessive demand for staff on this discipline. In line with the U.S. Bureau of Labor Statistics, employment numbers for Monetary Managers are anticipated to rise by 17% over the next decade, quicker than the common for all occupations.

Monetary managers are much like private monetary advisors, besides they monitor companies’ monetary well-being as a substitute of people. Most monetary managers have earlier expertise working in market evaluation and forecasting positions much like this one.

Monetary managers are liable for creating long-term monetary plans, directing funding actions, and producing monetary studies for his or her firm. They could work in varied industries, comparable to funding corporations, accounting corporations, banks, or the federal government.

3. Chief Compliance Officer

Common wage: $114,832 per yr

A chief compliance officer ensures monetary establishments adhere to all relevant legal guidelines and laws. To maintain a enterprise working easily and assist keep away from pricey non-compliance charges, CCOs monitor firm coverage and compliance.

This generally is a demanding job, because the monetary sector is closely regulated. But it surely will also be rewarding, each financially and professionally. Chief compliance officers usually have a level in finance, legislation, accounting, or enterprise administration. Additionally they have expertise working within the monetary trade, normally at a senior stage.

4. Insurance coverage Advisor

Common wage: $89,295 per yr

An insurance coverage advisor’s major job is to assist clients discover one of the best insurance coverage merchandise for his or her short- and long-term wants. This covers all areas of insurance coverage – from life and residential/auto protection to monetary planning providers.

However an insurance coverage advisor’s obligations transcend merely discovering the suitable coverage. They have to additionally assist clients perceive their protection, file claims, and handle their accounts. In brief, they’re monetary planning counselors who assist folks shield their belongings.

A Bachelor’s diploma in finance or a associated discipline is required, and a CFP(Certified Financial Planner) certification is most popular for insurance coverage advisors.

5. Hedge Fund Supervisor

Common wage: $83,578 per yr

Who doesn’t wish to make a fortune by accurately predicting the inventory market? Hedge fund managers do exactly that. A hedge fund is a kind of funding fund that makes use of monetary devices to offset the chance of investments. Hedge fund managers use their information of the monetary markets to handle their funding targets, liquidity, and danger.

Hedge fund managers usually have a level in finance, programming, economics, quantitative finance, or enterprise administration.

6. Monetary Examiner

Common wage: $81,410 per yr

The monetary examiner is liable for managing danger, guaranteeing compliance with legal guidelines and laws, and verifying that banks have ample liquidity to cowl surprising losses. Monetary examiners usually earn excessive salaries and luxuriate in above-average development prospects.

Monetary examiners are the middlemen between finance and legislation. General, their major focus is guaranteeing that corporations adjust to all laws in order that nothing is mismanaged.

A minimal of a bachelor’s diploma is required for this career.

7. Private Monetary Advisor

Common wage: $74,055 per yr

Monetary advisors assist folks make investments their cash after studying about their monetary targets. Additionally they usually information main life occasions, like saving for retirement or a university schooling. As a result of a lot of an advisor’s job revolves round speaking to shoppers and searching for new funding alternatives, glorious communication abilities are important on this function.

8. Senior Accountants

Common wage: $73,547 per yr

Senior accountants are liable for managing the monetary information of their group. This consists of getting ready monetary statements, sustaining ledgers, and overseeing budgeting. Senior accountants usually have a bachelor’s diploma in accounting or a associated discipline, together with a Certified Public Accountant (CPA) or related designation.

9. Funding Banker

Common wage: $72,133 per yr

As per the identify, funding banking is the trade that banks use to put money into different corporations. Funding bankers work with shoppers(companies or authorities teams) to establish their monetary wants and provide funding merchandise, like shares and bonds, to assist them obtain their targets.  

This can be a very high-pressure job that requires with the ability to assume in your ft and make fast selections. Funding bankers additionally want to have the ability to work lengthy hours, as they usually must journey to fulfill with shoppers.

10. Monetary Analyst

Common wage: $70,677 per yr

When you’re glorious with numbers and have a background or curiosity in finance, working as a monetary analyst could be the excellent job for you. Monetary analysts help companies and people by offering recommendation about the way to make investments cash correctly. They maintain monitor of financial tendencies, assist make selections about investments, and calculate worth and dangers.

They help monetary establishments, comparable to banks and insurance coverage corporations, with buyer shopping for selections and figuring out their total wants.

11. Data Know-how Auditor 

Common wage: $59,676 per yr

Information technology auditors be sure that monetary establishments have ample controls to guard their info belongings. This consists of all the pieces from programs and databases to purposes and networks. IT auditors usually have pc science, info programs, or accounting levels.

IT auditors are liable for conducting audits and will subsequently be consultants at this activity, which can require monetary establishments to nominate them.

12. Funds Analyst

Common wage: $53,690 per yr

Funds analysts are necessary in protecting corporations organized and compliant with laws. They assist companies and people finances by evaluating their spending and discovering methods to economize. Budgeting might be difficult, however finances analysts have the talents and information to make it simple.

Funds analysts usually work within the authorities or for accounting corporations.

Associated: How A lot is $55k Annual Wage Per Hour?

What Expertise Do You Must Achieve Finance 

two people sitting at a desk reviewing financial reports in their finance careers as financial analysts jobs

Whether or not you’re trying to change into a monetary analyst or an funding banker, there are specific abilities you’ll want to reach finance. These embrace:

Accounting Expertise

What makes finance completely different from different enterprise disciplines is its give attention to numbers. Monetary professionals want to have the ability to perceive and interpret monetary information. This requires robust accounting abilities.

Administration Expertise

The way you handle your personal funds is one factor, however with the ability to handle the funds of a complete firm is one other. Monetary managers are liable for overseeing the monetary operations of their group. This requires robust administration abilities.

Analytical Considering Expertise

Employers want staff who can compile monetary statements, however enterprise leaders should be capable to interpret and use this info to their benefit. That is known as monetary assertion evaluation: a complete evaluate of key monetary paperwork to evaluate an organization’s effectiveness. This activity requires robust analytical pondering abilities.

Not solely finance however each enterprise self-discipline requires good analytical abilities as employers all the time search those that may assume exterior the field.

Communication Expertise

Finance is a posh discipline, and speaking successfully is crucial for achievement. Monetary professionals want to have the ability to clarify their concepts clearly and concisely. With a lot at stake, there is no such thing as a room for error when speaking with shoppers or enterprise companions.

Monetary Reporting Expertise

Though it’s necessary to investigate previous information, finance professionals know that trying ahead is vital to success. Because of this monetary reporting abilities are important. Monetary studies give insights into an organization’s present monetary well being and might predict future tendencies.

Considering critically is of the utmost significance for enterprise leaders when it comes time to make massive selections like hiring, budgeting, and strategic planning. Due to this fact, if you would like your resume to face out, together with this ability is a should!

Monetary Resolution-Making Expertise

Making selections is vital for anybody who needs to be a enterprise chief. Whereas leaders want to grasp a company’s targets and targets, additionally they want to have the ability to make selections that may assist their firm obtain these targets.

This requires an understanding of monetary ideas and a capability to assume creatively and develop modern options. Finance decision-making is significant in figuring out whether or not or not an organization will succeed.

These are key abilities you’ll want to reach finance. When you’ve got two or three of those abilities, you’re in your approach to a profitable profession on this thrilling discipline.

infographic outlining the top skills need for the best finance jobs and careers

The Advantages of a Profession in Finance 

Who is aware of, with a profession in finance, you may even be capable to retire early! However severely, there are lots of advantages to pursuing a profession in finance.

A few of the advantages of a profession in finance embrace the next:

Large Vary of Roles and Job Safety

As with every trade, varied roles can be found in finance. And since the monetary sector is so necessary to the functioning of the economic system, it’s protected to say that there’ll all the time be a requirement for monetary professionals.

This implies your job is probably going safe it doesn’t matter what occurs within the economic system. And if you happen to’re on the lookout for a change, there are many different roles you possibly can pursue throughout the monetary sector.

Excessive Incomes Potential

By no means underestimate the incomes potential of a profession in finance! When you’re good at what you do, you can also make some huge cash. Many finance professionals are among the many highest-paid staff on this planet.

In fact, your wage will rely on a number of elements, together with your expertise, schooling, and the corporate you’re employed for. However if you happen to’re trying to make a superb residing, a profession in finance is price contemplating.

Most Finance Professionals Are Extremely Glad with Their Jobs

In an period of elevated job dissatisfaction, it’s refreshing to know that some professions nonetheless provide excessive satisfaction ranges. In line with a survey, finance is certainly one of these professions.

Whereas the survey is a number of years previous, it discovered that finance professionals are a few of the most happy staff on this planet, with 36% of respondents saying they’re happy with their jobs.

That is probably as a consequence of a finance profession’s excessive incomes potential and job safety. Finance is price contemplating if you happen to’re on the lookout for a steady and satisfying profession.

Flexibility and Room for Development

One of many nice issues a few profession in finance is that it presents plenty of flexibility. There are a lot of several types of finance jobs, so you possibly can simply discover one which fits your life-style.

And since the monetary sector is all the time altering, there’s all the time room for development in your profession.

Is a Profession In Finance Proper for You?

Maybe you’ve learn by the listing and puzzled if a profession in finance is best for you. Right here’s a video that will help you assess your abilities and pursuits and resolve on a profession, whether or not it’s in finance or one thing else!

FAQs about Finance Careers 

What’s the hardest finance job?

There isn’t a simple reply on the subject of the toughest finance job. It is dependent upon your skillset and expertise. Some folks discover funding banking, controllers, tax managers, and valuation analysts to be probably the most difficult, whereas others discover company finance tougher.

What’s the least demanding finance job?

Accounting is usually thought-about the least demanding finance job. It is because it typically doesn’t contain as a lot strain as different finance roles.

What’s the highest-paid job in finance?

Chief Govt Officers comparable to chief monetary officers (CFOs) oversee your complete firm and have excessive salaries. The CFO primarily controls monetary affairs.

Why do finance jobs pay so nicely?

There are a number of the explanation why finance jobs pay so nicely. First, finance is an important sector of the economic system, and people working in finance are liable for guaranteeing that companies and people have the capital they should succeed.

Second, finance is a extremely specialised discipline, and people who work in finance have spent years finding out and coaching for his or her careers.

Lastly, finance jobs are sometimes very demanding, and people who work in finance are sometimes keen to work lengthy hours to complete the job.

The Backside Line: Is a Profession in Finance Price It You?

A finance diploma is effective to college students. Entry-level finance majors earn a mean of $55,000 a month. In comparison with mid-career salaries, they’re about 101,000 a month. 

In line with the Bureau of Labor Statistics Occupational Outlook Handbook, that is remarkably greater than the median annual wage of $45,760 within the USA. In different phrases, finance majors make some huge cash. And that isn’t the trail for you, you possibly can all the time take into account these self-employed job concepts.

Cited Articles

1. U.S. Bureau of Labor Statistics (2022, Sep.8) Occupational Outlook Handbook: Enterprise and Monetary Occupations. Retrieved from

2. Workforce Expertise Survey – Finance and Accounting (2013, June 25). Retrieved from

3. U.S. Bureau of Labor Statistics (2022, Sep.8) Occupational Outlook Handbook: Enterprise and Monetary Occupations. Retrieved from