There are many different types of jobs in the finance and consumer services industries, and each comes with its own unique set of responsibilities, skills, and compensation. Here are some of the Best Paying Jobs in Finance Consumer Services, based on median annual salary data from the US Bureau of Labor Statistics:
1. Financial Managers: $127,990
2. Securities, Commodities, and Financial Services Sales Agents: $104,550
3. Personal Financial Advisors: $90,530
4. Insurance Sales Agents: $67,560
5. Loan Officers: $63,270
Table of Contents
Best Paying Jobs in Finance Consumer Services
These are just a few of the many different types of jobs available in the finance and consumer services industries. If you’re looking for a high-paying job in this field, be sure to research the specific job requirements and compensation expectations before applying.
Read More: How Many Jobs Are Available in Basic Industries?
Financial Managers
Financial Managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
The median annual salary for financial managers was $127,990 in May 2019. The best-paid 25 percent made $181,780 that year, while the lowest-paid 25 percent made $85,750.
Job Outlook
Employment of financial managers is projected to grow 16 percent from 2019 to 2029, much faster than the average for all occupations. Financial managers will be needed to help organizations navigate the financial effects of new tax laws, international trade, and technological advances.
With the rise in globalization, organizations will need financial managers to help them navigate the financial effects of new tax laws, international trade, and technological advances. Financial managers will also be needed to manage the financial risks of an organization.
Personal Financial Advisors
Personal financial advisors are one of the best-paying jobs in the finance and consumer services industry. They help individuals and families save money and make investment decisions.
A personal financial advisor is a professional who provides guidance and advice on financial matters to individuals or families. They help their clients save money, make investment decisions, and plan for their future.
Personal financial advisors typically have a bachelor’s degree in finance, economics, or a related field. Many also have a master’s degree or certification in financial planning.
The median annual salary for personal financial advisors was $87,850 in May 2019. The top 10% of earners made more than $208,000, and the bottom 10% made less than $41,560.
Personal financial advisors typically work for banks, investment firms, or insurance companies. They may also work for themselves as independent consultants.
Most personal financial advisors work full time. Some may work evenings or weekends to accommodate their clients’ schedules.
Personal financial advisors typically need to be licensed. Requirements vary by state, but most states require financial advisors to pass an exam and complete a background check.
If you are interested in becoming a personal financial advisor, you should consider pursuing a degree in finance, economics, or a related field. You should also consider getting a certification in financial planning.
Loan Officers
Loan officers are financial professionals who help people obtain loans. They work in banks, credit unions, and other financial institutions. Loan officers typically have a four-year degree in business or economics.
The median annual salary for loan officers is $63,710. The top 10% of loan officers earn more than $104,530, while the bottom 10% earn less than $36,560. Loan officers typically receive bonuses and commission-based compensation in addition to their base salary.
Loan officers help people obtain loans from banks, credit unions, and other financial institutions. They typically have a four-year degree in business or economics.
The median annual salary for loan officers is $63,710. The top 10% of loan officers earn more than $104,530, while the bottom 10% earn less than $36,560. Loan officers typically receive bonuses and commission-based compensation in addition to their base salary.
The job outlook for loan officers is positive, with an expected growth rate of 5% from 2019 to 2029. This growth rate is about average when compared to other occupations.
Loan officers typically need a four-year degree in business or economics. Many loan officers also obtain certification from the Mortgage Bankers Association or other professional organizations.
If you are interested in becoming a loan officer, you should consider pursuing a degree in business or economics. You may also want to consider obtaining certification from a professional organization, such as the Mortgage Bankers Association.
Accountants and Auditors
Accountants and auditors play a vital role in the financial world. They provide critical services to businesses and individuals, helping to ensure the accuracy of financial records and the effective use of resources.
There are many different types of accountants and auditors, each with their own area of expertise. Some work in public accounting firms, while others work in private businesses or government agencies. Some specialize in auditing, while others focus on taxes or financial planning.
No matter what type of accountant or auditor you are, you will need to have strong analytical and math skills. You must be able to communicate effectively, both in writing and in person. And you must be able to work well under pressure, as deadlines can be tight.
If you are looking for a stable career with good pay and job security, then a career in accounting or auditing may be the right choice for you.
Budget Analysts
“Budget Analysts”
Most people think of finance when they think of budget analysts. And while it is true that these professionals play a vital role in the financial health of many organizations, they also provide critical services in other areas as well. Budget analysts help to ensure that an organization’s spending is in line with its strategic goals. They do this by developing and monitoring budgets, as well as providing advice on how to best allocate resources.
In addition to their work in the financial sector, budget analysts also provide critical services in other areas such as healthcare, education, and government. In healthcare, budget analysts work to ensure that hospitals and other care providers are able to provide quality care while still operating within their budget. In education, budget analysts work to ensure that schools have the resources they need to provide quality education. And in government, budget analysts work to ensure that taxpayer dollars are being spent wisely.
Budget analysts have a wide range of responsibilities, all of which are focused on helping organizations to save money and to operate more efficiently. If you are interested in a career as a budget analyst, there are a few things you should know. First, budget analysts need to have strong analytical skills. They must be able to understand and interpret financial data, as well as to identify trends. Second, budget analysts need to be able to communicate effectively. They must be able to present their findings in a clear and concise manner. And finally, budget analysts need to be able to work well under pressure. They must be able to meet deadlines and to handle multiple projects simultaneously.
If you have strong analytical skills and you are interested in a career that involves helping organizations to save money, then a career as a budget analyst may be right for you.
Financial Analysts
Financial analysts are one of the best paid professionals in the finance and consumer services industries. They play a vital role in providing accurate financial information and analysis to help businesses make informed decisions.
Financial analysts typically have a bachelor’s degree in business, economics, finance, or accounting. They must also have strong analytical and communication skills. Many financial analysts also have a master’s degree in business administration (MBA) or a master’s degree in finance.
The job outlook for financial analysts is excellent. They are expected to experience faster than average job growth in the coming years. Financial analysts typically work in banks, insurance companies, investment firms, and accounting firms.
Investment Bankers
The job of an investment banker is to help companies and governments raise money by issuing and selling securities. Investment bankers typically work for banks, but there is a growing number of independent firms. They help their clients by coming up with new investment ideas, negotiating loans, and helping to get the best terms for their products.
Investment bankers typically have a four-year degree in business or economics. Many also get a master’s degree in business administration (MBA). Investment banks typically recruit at top business schools.
The job can be demanding, and investment bankers often work long hours, including weekends. They must be able to handle stress and be comfortable with risk.
Investment bankers are among the highest-paid workers in the financial services industry. They typically earn salaries and bonuses that are well above average. The exact amount depends on the bank, the type of work, and the banker’s experience.
Sales Managers
Sales managers are responsible for leading and managing a team of salespeople. They work to increase sales and grow the business by developing and implementing sales strategies. In order to be successful, sales managers must have strong leadership skills and be able to motivate and inspire their team. They must also be able to manage time and resources effectively, and be able to adapt to changing market conditions.
The median annual salary for sales managers is $117,960, making it one of the best-paying jobs in the finance and consumer services industries. Sales managers typically have a bachelor’s degree in business or a related field, and many have experience working in sales or management roles.