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Highlights
- A finance major is one of the hardest courses to pursue.
- However, a finance graduate has an option to work with a wide range of employers, right from banking institutions to insurance firms.
- Depending on the salary structure and job profile, they can make their choices.
A finance major is one of the hardest courses to pursue. However, the hard work pays off once the course reaches completion since the salary offered in finance jobs is relatively higher than many other degrees. A finance graduate has an option to work with a wide range of employers, right from banking institutions to insurance firms.
A finance degree opens the door to a variety of career choices and one can choose depending on the salary structure and job profile. Thus, a finance degree may be a golden ticket to a career with stellar pay.
Source: © ronrodart | Megapixl.com
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Here we look at the five highest paying job profiles for a finance graduate:
Financial planner
A financial planner practices full service personal finance. He advises clients on investments, insurance, tax, retirement, and estate planning. According to the US Bureau of Labor Statistics (BLS), in 2020, a financial planner with a bachelor’s degree commanded a median annual compensation of US$89,330.
Financial analyst
Financial analysts evaluate the market performance of different types of investments including stocks and bonds. They offer guidance to businesses and individuals making investment decisions. According to the BLS, the median pay for an entry level analyst in 2020 was US$83,660 per year.
Management consultant
Management consultants primarily work with corporations to improve their business performance and boost growth. They are also involved in identifying solutions for business troubles and make suggestions for changes to implement. According to BLS data, the median pay for a bachelor’s degree holder in 2020 was US$87,660.
Investment banker
An investment banker is involved in raising capital for companies, governments, or other entities. According to data from Wall Street Oasis, entry-level professionals start at anywhere from US$70,000 to US$150,000.
Source: © Cammeraydave | Megapixl.com
Wealth manager
A wealth manager provides wealth management services to high-net-worth and ultra-high-net-worth clients. The services may include investment management and financial planning, accounting and tax services, retirement planning and estate planning. An average wealth manager draws a base salary of US$75,418, according to the job-search website Indeed.
The Bottom Line
Thus, jobs in the finance sector are highly lucrative due to the job profile and salary structure. However, some of roles may include long-working hours due to the nature of the job. Thus, you should be clear in your mind about all intricacies involved in the job, right from the beginning and only then make a career choice.
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