3 Top Finance Jobs That Pay Well
How does getting paid to manage money sound?
If you’re passionate about numbers and money, you could be a good fit for a finance job. According to the Bureau of Labor Statics, the employment of business and financial occupations is forecast to grow 5 percent through the next decade, much faster than the average for all occupations.
However, there are a ton of finance jobs, each with its own fair share of pros and cons. But here, our focus is on the ones that pay top dollar. After all, you want to make bank, right?
Here’s a list of the top finance jobs.
1. The C-Suite Finance Job: Chief Finance Officer
Unless you live under a rock, you’ve probably heard of CFOs. These professionals are in charge of finance in big corporations, although an increasing number of Silicon Valley startups have this role as well.
In the finance profession, the position of CFO is as high as it gets. It’s the goal for every finance professional, right from those at the bottom to those in middle-level management.
A CFO is responsible for the financial well-being of the organization. This includes managing a fully-staffed financed department. CFOs have huge responsibilities and they’re well paid for that.
To become a CFO, you need advanced training in finance, preferably a master’s degree. You also need vast experience to rise to this position.
The average annual salary for CFOs is $135,000.
2. Financial Risk Manager
Every organization is exposed to financial risks. Changes in financial regulations, fraud, and fluctuating interest rates are some of the financial risks organizations encounter.
To manage these risks, there is a person in charge. This person is a financial risk manager.
These professionals assess the risks an organization faces and develop suitable mitigation strategies. In big organizations, the financial risk manager has a small department to oversee.
To become a financial risk manager, you need at least an undergraduate degree in finance, as well as some professional experience. A professional certification, such as FRM, will help make you an attractive candidate for this position.
The average annual salary for financial risk managers is $89,000.
3. Financial Advisor
People, as well as organizations, need financial advice. The professionals who dispense this advice are called financial advisors.
A financial advisor can work in-house in organizations or be self-employed. Those who are in self-employment typically have their own firms, from where they help clients manage money.
Anyone with financial training can become a financial advisor. You just need to be passionate about helping other people.
The average annual salary for financial advisors is $60,000, but those who are self-employed have the potential to make much more depending on the performance of their firms.
Get Yourself Top Finance Jobs and Earn Big
There are many more jobs in this industry, but these are the top finance jobs. You can pursue any financial career of your choice as long as you’re passionate about money and have the desire and will to rise to the top.
All the best and keep reading our blog for more career tips.