The finance industry has low unemployment and continues to attract top talent with impressive compensation and benefits packages. Available finance jobs are expected to increase faster than the average occupation in the next decade. Financial and business careers are expected to grow by eight percent by 2030 (750,000 new jobs).
According to the U.S. Bureau of Labor Statistics, the median annual wage for business and finance occupations was $76,570 in 2021. Other sources estimate the average entry-level finance salary to be $88,160.
Most job opportunities in the finance sector require a bachelor’s degree. However, the return on that investment is high. Please note that the following salaries can vary depending on experience and individuals’ skills. Hopefully, these resources will help you find a job in the finance industry.
What skills do you need for a job in finance?
Entering the finance industry and joining a reputable financial institution typically requires an undergraduate degree or bachelor’s degree at minimum. It’s also helpful to study analytics, business, economics, finance, or math.
Some financial companies may claim to hire a wide variety of majors, but most entry-level positions only hire people with bachelor’s degrees in those areas. If you’re interested in joining the industry but don’t have a finance degree, it’s possible to supplement with a related minor or online certification.
9 highest paying finance jobs
The following list of jobs includes positions at the top end of the financial sector. These positions require time and experience in the industry and are considered some of the most sought-after jobs in finance. They come with great benefits, career security, and professional development opportunities.
Not at that level yet? We explore the 8 highest paying entry-level finance jobs further down this page. Once you get your foot in the door you can delve into these positions to set career goals.
1. Chief compliance officer
The top-paying finance job on our list is Chief compliance officer. These executives oversee all compliance-related duties and departments to ensure a company and its operations strictly comply with all laws.
Average yearly salary: $197,001 – $278,101
Skills required: firm understanding of regulatory guidelines, security policies, compliance issues, risk management, leadership, and ethics
Qualifications required: bachelor’s degree in related field and possibly graduate degree in related subject
Helpful certifications: Certified Regulatory Compliance Manager (CRCM) and Series 14
2. Chief financial officer
Chief financial officers (CFO) oversee business budgeting, cost-related decision-making, and financial teams. The CFO role is one of the highest paying finance jobs because it requires financial leadership, experience, and an extensive network.
Average yearly salary: $314,481 – $528,583
Skills required: budget management, financial reporting and analysis, accounting, corporate finance, consulting, leadership, and strategic vision
Qualifications required: bachelor’s degree in related field and possibly Master of Business Administration (MBA) degree
Helpful certifications: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Chartered Global Management Accountant (CGMA), and Chartered Financial Analyst (CFA)
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