If you’re looking for a stable career that will pay you well and offer great benefits, then perhaps banking is not your best option. However, if you are ready to give up on regular benefits and security in exchange for higher earnings, then it might just be the right path for you. If you think that’s true too, read on. Banking jobs are some of the most stable careers out there. Most employees stay in banking after they have completed their initial stints at different banks and financial companies, which offers stability that other industries do not usually offer. There are numerous reasons why banking might not be a good idea if you plan on making your living as an employee in this field. However but if you have extra cash lying around or plan on saving for the future with those earnings, then perhaps banking could be a good choice for you (and your future). Here are the 9 best paying jobs in major banks!
What are the Best Paying Jobs in Major Banks?
There are many opportunities in the banking sector if you are willing to put in the necessary time. If you are looking for the highest-paying jobs in banking, you should know that these are the types of positions that will offer you a good income. The job titles that make up the top best paying jobs in major banks include financial analyst, financial adviser, and equity research analyst. These positions require a significant amount of knowledge about the sector you are trying to audit and will require you to be well-versed in finance. While they may not be the highest-paying banking jobs, they offer stability and great benefits.
1. Banking Analyst
If you have a strong desire to audit the financial sector and have completed a bachelor’s degree in business, computer science, or information technology, then a banking analyst position might be a great fit for you. Banking analysts grant loans for businesses and individuals and decide whether a specific loan is acceptable for a given company. They work with the entire financial sector to grant loans and analyze risk and profit. An entry-level banking analyst position might pay anywhere from $65,000 to $80,000 while experienced analysts can earn in excess of $100,000.
2. Financial Adviser
Financial advisers earn a good salary, especially in large financial institutions that offer several tiers with different benefits. Financial advisers are typically hired by high-net-worth individuals, who regularly request high levels of service. Financial advisers have a good understanding of the tax laws, which can help you earn a nice salary. Some financial advisers can earn upwards of $300,000. experienced financial advisers can earn upwards of $400,000.
3. Accounts Receivable Manager
Another position worth looking into is the accounts receivable manager. With this role, you will be responsible for managing all the finances related to the company’s customers, including all their payments. This ensures that the customers are being paid on time and that no debts are building up. An account receivable manager can make upwards of $100,000.
4. Equity Research Analyst
An equity research analyst can be a great match for individuals who are interested in the financial sector and who have a bachelor’s degree in a relevant field. These positions typically require individuals to have a strong knowledge of the sector you are analyzing. You might also have to have a basic understanding of statistics and mathematics. A mid-level equity research analyst according to Glassdoor can earn upwards of $120,000 and experienced equity research analysts can earn upwards of $160,000.
5. Credit Risk Manager
A credit risk manager is responsible for analyzing and managing the financial risks associated with a company’s customers’ debt. A credit risk manager can earn upwards of $130,000.
6. Financial Inclusion Officer
A financial inclusion officer is responsible for merging financial services with government services and partnering with third-party financial service providers. This makes it possible to provide financial services to all segments of the population, which is a key function of this position. A financial inclusion officer can earn upwards of $135,000.
As the name suggests, researchers work on finding new ways to improve products and services. This means that you will be given a specific area to analyze and will be expected to come up with a great strategy for improving that area. A mid-level researcher can earn upwards of $100,000.
8. Operations Officer
Operations officers manage the company’s physical assets, including everything from purchasing items to renting office space. Operations officers earn upwards of $130,000.
9. Marketing Manager
If you have a knack for marketing and would like to be part of the marketing department of a financial company, then a marketing manager position might be right for you. Marketing managers are responsible for increasing the brand awareness of their organizations and managing all their social media accounts. A mid-level marketing manager can earn upwards of $110,000. An experienced marketing manager can earn upwards of $150,000.
Banking jobs might not necessarily be the most exciting, but they can provide stable work with great benefits. Make sure you really understand what these jobs entail before applying for one. We hope our article about best paying jobs in major banks can help you to decide your career path. When you are ready it’s time use Job Midas to search job andd prepare for your interview.