Melanie
What are the top paying jobs in finance?
What is the salary range for finance occupation ? #finance #business
4 answers
Ben Eisenpress
Ben’s Answer
Here are a few ways that jobs are commonly categorized:
Type of company e.g. Commercial Bank, Investment Bank or Hedge fund: https://www.investopedia.com/articles/financial-careers/08/financial-career-options-professionals.asp
Front office v back office: https://www.allaboutcareers.com/careers-advice/looking-for-a-job/front-office-back-office-what-is-the-difference
Buy side v sell side: https://www.investopedia.com/articles/financialcareers/11/sell-side-buy-side-analysts.asp
There is lots more information the internet - learning to use Google well will take you far.
If making the most money possible is your goal, the typical path would be becoming an investment banker after college, then moving into private equity or hedge funds after a few years. That said, I would encourage you to explore what career path might be the best fit for you before focusing on compensation. Almost any job in finance in the US will pay enough for you to live comfortably, and the highest paying jobs tend to be the most time consuming and stressful.
P K
P’s Answer
Hi Melanie, jobs in Finance have a vast range of compensation points. Top Investment Bankers and Private Equity partners can reach 7-8 figures in compensation. Hedge Fund Managers can make hundreds of millions or billions each year. To reach these careers, you'll often have to network your way in. Finance is a highly nepotistic industry and sometimes raw hard work doesn't cut it. They're highly competitive so even if you can get in, you'll have to watch your back. You'll need the prestige of a top undergrad education then a top business or law school. Keep in mind, these compensation points are not the norm.
There are tons of well-paid positions in finance in various industries. Investing, operations, technology, and other disciplines within finance companies.
P recommends the following next steps:
Richard A.
Richard’s Answer
85K salary is standard across the street for first years, 95K second year, same third year as analysts, with a large step up if you get promoted to associate. Bonuses depend on the tier of the firm and range from low 25K to as much as 100% of salary at top tier firms by second year.
Of course, for more corporate/ops/other professions the standard will be much lower
