Is Finance a Good Career Path?

What Are the Benefits of a Career in Finance?

The primary benefit of a profession in finance is the high compensation. The average pay for financial managers, per the U.S. Bureau of Labor Statistics, is $131,710.

What Are the Benefits of a Career in Finance?

There will always be a need for qualified financial professionals because finance is such a crucial industry. Finally, a finance job can provide a great deal of upward mobility.

What Are the Drawbacks of a Career in Finance?

Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.

Types of Careers in Finance

The financial sector is vast, with many different types of job positions. Below, we list some of the most well-known and highest-paid careers in this industry:

1. Actuary

Average actuary base salary: $99,341 (total pay is $59,000–$170,000) Projected growth rate: 21%

2. Portfolio Manager

Average actuary base salary: $90,949 (total pay is $58,000–$174,000) Projected growth rate: 17%

3. Investment Banker

Average investment banker base salary: $101,848 (total pay is $46,000–$283,000) Projected growth rate: 10%

4. Securities Trader

Average securities trader salary: $67,287 (total pay is $47,000–$200,000) Projected growth rate: 10%

5. Quantitative Analyst

Average quantitative analyst base salary: $85,914 (total pay is $63,000–$153,000) Projected growth rate: 9%

6. Financial Planner

Average securities trader salary: $65,539 (total pay is $45,000–$118,000) Projected growth rate: 15%

7. Economic Analyst

Average economic analyst base salary: $63,179 (total pay is $42,000–$101,000) Projected growth rate: 6%

8. Economic Analyst

Average economic analyst base salary: $63,179 (total pay is $42,000–$101,000) Projected growth rate: 6%

9. Financial Analyst

Average financial analyst base salary: $63,316 (total pay is $48,000–$88,000) Projected growth rate: 9%

More

Read

10 New Job Fields for Women in 2022

10 Steps to a Resume That Will Get You Hired

10 Important Career Tips for Women