Highest Paying Finance Career Tier List (Finance Jobs Ranked)
Ranking Finance Careers from S-Tier to F-Tier
In this video, the speaker ranks different finance careers from S-tier (the best) to F-tier (the worst) based on how much money you can make. The rankings are primarily based on salary, but other factors are also considered.
Vice President of Analytics
- The Vice President of Analytics is responsible for collecting and analyzing data in the finance industry.
- Glassdoor reports an average salary range of $127,000 to $230,000 for this position.
- This career path is suitable for competitive individuals who are willing to work long hours and prioritize high-paying jobs.
Strategy Consulting
- Strategy consulting involves working for one of the big four accounting firms and often leads to opportunities in various areas of finance.
- Second-year consultants at McKinsey can expect a total compensation package of over $200,000 per year.
- This career path offers many opportunities and will be ranked in a higher tier.
Entrepreneurship
- Starting your own business in the finance industry can be high-risk but also high-reward.
- There are many exciting fintech companies starting up in this space.
- Aura is an example of a fintech company that provides identity theft protection, fraud monitoring, VPN services, password management, and anti-virus software all combined into one app.
Investment Banking
- Investment banking involves helping companies raise capital by underwriting securities or providing advisory services.
- Entry-level analysts can expect a base salary of around $85,000 with bonuses that can double or triple their salary.
- This career path is suitable for individuals who are willing to work long hours and prioritize high-paying jobs.
Private Equity
- Private equity involves investing in private companies with the goal of generating a return on investment.
- Entry-level analysts can expect a base salary of around $100,000 with bonuses that can be several times their salary.
- This career path is suitable for individuals who are willing to work long hours and prioritize high-paying jobs.
Sales and Trading
- Sales and trading involve buying and selling securities on behalf of clients or the firm itself.
- Entry-level analysts can expect a base salary of around $85,000 with bonuses that can double or triple their salary.
- This career path is suitable for individuals who are willing to work long hours and prioritize high-paying jobs.
Financial Planning
- Financial planning involves helping clients manage their finances by creating budgets, setting financial goals, and providing investment advice.
- The average salary range for financial planners is between $50,000 to $150,000 per year depending on experience and location.
- This career path offers more flexibility in terms of work-life balance compared to other finance careers.
Accounting
- Accounting involves recording financial transactions, preparing financial statements, and ensuring compliance with tax laws.
- The average salary range for accountants is between $50,000 to $100,000 per year depending on experience and location.
- This career path offers more stability but may not offer as much earning potential compared to other finance careers.
Financial Journalism
- Financial journalism involves reporting on financial news and trends for various media outlets.
- The average salary range for financial journalists is between $50,000 to $100,000 per year depending on experience and location.
- This career path offers more flexibility in terms of work-life balance compared to other finance careers.
Retail Banking
- Retail banking involves providing financial services to individuals and small businesses.
- The average salary range for retail bankers is between $30,000 to $60,000 per year depending on experience and location.
- This career path offers more stability but may not offer as much earning potential compared to other finance careers.
Insurance Sales
- Insurance sales involve selling insurance policies to individuals or businesses.
- The average salary range for insurance sales agents is between $30,000 to $70,000 per year depending on experience and location.
- This career path
Introduction to Aura and Entrepreneurship
The speaker introduces Aura, a service that checks if personal information has been exposed on the dark web. They also discuss entrepreneurship as an industry with many opportunities.
Entrepreneurship
- Entrepreneurship is an industry with many opportunities.
- Starting a business in finance or technology can increase chances of success.
Opportunities in Finance
The speaker discusses various job positions in the finance industry and their earning potential.
Tax Director
- Glassdoor reports earnings of $123,000 to $210,000 per year.
- Goes into A tier.
Banking
- Entry-level banking positions earn between $90,000 to $140,000 per year.
- Investment banking is highly competitive but can earn over $200,000 per year starting off.
- Investment banking managing director earns between $350,000 to $600,000 per year plus bonuses.
- Corporate banking focuses on credit analysis and pays over $100,000 per year starting off.
- Goes into S tier.
Director of Financial Planning and Analysis
- Not an entry-level job but pays around $113,000 to $175,000 per year.
- Goes into B tier.
Asset Management
- Entry-level position pays around $90,000 to $110,000 per year.
- Goes into A tier.
Credit Analysis
- Entry-level position pays between $75,000 to 95,000 per year.
- Credit risk manager earns between $67,00 to 134,00 per year but may require a master's degree.
-Goes into B tier.
Corporate Development
The speaker discusses corporate development as a career path within the finance industry.
Corporate Development
-Similar to mergers and acquisitions but working for the company making the acquisition.
- Pays between $80,000 to $115,000 per year.
Conclusion
The speaker concludes the video by summarizing the various job positions discussed and their earning potential.
Summary
- Entrepreneurship is a great industry with many opportunities.
- Finance and technology are industries with high earning potential.
- Investment banking managing director is the highest paying position discussed, earning between $350,000 to $600,000 per year plus bonuses.
- Asset management and corporate banking are also highly paid positions.
High-Paying Finance Careers
In this section, the speaker discusses various high-paying finance careers and their earning potential.
Private Equity, Hedge Funds, and Venture Capital Firms
- These three categories offer high earning potential of $125k to $250k per year.
- They are highly sought after by many people who aspire to make a lot of money early in their career.
Equity Research
- This field involves analyzing company stocks and making predictions about where that stock is headed in the future.
- The salary range for equity analysts is $64k to $164k per year.
Financial Analyst
- Financial analysts make about $49k to $89k per year.
- This job involves analyzing financial data to help companies make better business decisions.
Finance Manager
- Finance managers typically work at car dealerships or other businesses that offer financing options.
- According to BLS, finance managers make about $108k per year.
Software Developer in Finance
- This job combines skills in finance and software development.
- You can work for a quant hedge fund and earn up to $200k total compensation per year.
Finance Quant Trader
- Working at a quantitative hedge fund as a finance quant trader can earn you over $200k per year with bonuses included.
Sales and Trading
- Sales and trading jobs can be high-pressure but offer good earning potential of six figures right out of school.
Hedge Fund Manager
- Hedge fund managers typically earn millions of dollars per year.
- It's not an entry-level role, but rather something you move into after gaining experience in the industry.
Accounting Senior Manager
- Accounting senior managers at big four firms can expect to make around $200k per year.
- Partners may earn between 300K - 350K annually.
Financial Controller
-Financial controllers make about $230k per year and are higher-level accountants.
Conclusion
The speaker invites viewers to suggest any other high-paying finance careers that he may have missed.
Conclusion and Call to Action
In this section, the speaker concludes the video and encourages viewers to subscribe and watch another video.
- The speaker reminds viewers to hit the notification bell.
- They suggest that if viewers enjoyed this video, they will also enjoy another video.
- The speaker ends by saying "I'll see you next time."
Overall Summary
The transcript is very short, consisting of only a few sentences. The speaker concludes the video by reminding viewers to hit the notification bell and suggesting that they watch another video.