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.
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.
Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.
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:
Average actuary base salary: $99,341 (total pay is $59,000–$170,000) Projected growth rate: 21%
Average actuary base salary: $90,949 (total pay is $58,000–$174,000) Projected growth rate: 17%
–Average investment banker base salary: $101,848 (total pay is $46,000–$283,000) Projected growth rate: 10%
Average securities trader salary: $67,287 (total pay is $47,000–$200,000) Projected growth rate: 10%
Average quantitative analyst base salary: $85,914 (total pay is $63,000–$153,000) Projected growth rate: 9%
Average securities trader salary: $65,539 (total pay is $45,000–$118,000) Projected growth rate: 15%
Average economic analyst base salary: $63,179 (total pay is $42,000–$101,000) Projected growth rate: 6%
Average economic analyst base salary: $63,179 (total pay is $42,000–$101,000) Projected growth rate: 6%
Average financial analyst base salary: $63,316 (total pay is $48,000–$88,000) Projected growth rate: 9%