In today’s world, everyone is looking for ways to make money. The rise of online banking has made it easy for people with a few spare cents to start saving and investing their money. This financial growth has opened up a whole new market for those who have the aptitude and drive to succeed in finance. In this article, you will learn about the top jobs in finance and how they stack up against one another. Keep reading to know more.
What is Finance?
Finance is the science and art of managing money and financial resources to yield the highest return. In business, one or more individuals are generally referred to as a “finance person” or “financial manager”. Financial managers may be involved in such tasks as developing a budget and forecasting income and expenses, arranging financing for a company’s operations and investments, and evaluating and trading financial instruments, such as stocks and bonds. Financial managers are also responsible for understanding and complying with laws and regulations that govern the financial industry.
Which Job Is Best In Finance: A Comparison of 9 Top Jobs in Finance
These are the top 9 jobs in finance. This list was curated based on input from industry experts, as well as the job listings of popular job search websites like indeed. If you’re interested in pursuing a career in finance, consider the following top jobs in finance.
1. Financial Managers
Financial managers plan and direct the financial operations of an organization, including the preparation of financial reports and budgets, and the management of human, financial and capital resources. Financial managers may oversee a department or an entire organization. The job of a financial manager may vary depending on the size and budget of the company. A financial manager employed by a large company may have a vast array of responsibilities, while a smaller-scale firm may have a smaller list of tasks that need to be completed.
In 2022, the average Finance Manager pay in the United States is $124,902.
2. Financial Analyst
A financial analyst specializes in financial data and information, including earnings reports, market data, and financial ratios. Financial analysts may have responsibilities that include researching market trends and analyzing recent developments to predict future outcomes. They may also assist in mergers and acquisitions, or M&A, as a part of a financial analysis team.
Financial Analysts made a median salary of $83,660.
3. Portfolio Manager
A portfolio manager is responsible for managing an organization’s investments. This may include placing orders for new stocks, managing existing stock portfolios, and ensuring that the portfolio is in line with known risks and return expectations.
The average Portfolio Manager salary in the United States is $101,940 in 2022.
4. Credit Analyst
A credit analyst is responsible for evaluating the financial strength of customers and businesses that a company does business with. This may include researching a company’s financial history and business model, reviewing the terms of existing loans and credit agreements, and assessing the creditworthiness of customers and companies. A credit analyst may work for a financial services firm, such as a credit bureau, or in a decentralized fashion, such as a brokerage house that works with individual investors.
According to BLS .The average Credit Analyst salary in the United States is $77,440 in 2022.
5. Investment Banker
An investment banker is responsible for advising clients on mergers and acquisitions, equity and debt offerings, and other financial transactions. Investment bankers may perform these tasks on a freelance basis, or they may be employed by a bank, private equity firm, or other financial services organization.
The average salary for an Investment Banker is $134813 per year in US.
6. Hedge Fund Manager
A hedge fund manager manages an investor’s money by investing in the financial markets through the purchase of financial instruments known as “hedges.” Hedge fund managers may spend weeks, months, or years researching emerging financial trends, trading financial instruments, and analyzing historical data in order to predict future outcomes.
Hedge fund managers make $135,399 per year on average.
7. Fund Analyst
A fund analyst is primarily responsible for researching, analyzing, and recommending investments for a fund or portfolio. Fund analysts may also assist in managing assets, such as monitoring a fund’s or portfolio’s performance, and making adjustments when necessary.
According to Salary. The average Investment Analyst salary in the United States is $94,493 in 2022.
8. Asset Manager
An asset manager is responsible for managing an organization’s assets, including investments, insurance policies, and liquid assets such as cash and securities. The asset manager may hire employees to manage certain assets, such as a trust fund, or may be responsible for managing the assets of a single client.
The average Asset Manager salary in the United States is $89,814 .
9. Chartered Financial Analyst
A chartered financial analyst may conduct financial research, such as evaluating the viability of a business model or researching equity funding options. A CFA may also assist in financial planning, such as making long-term financial decisions for an organization.
According to glassdoor. The average salary for a Chartered Financial Analyst is $89851 per year in US.
