The Average salary of a finance job in the US
Finance is a popular sector for jobs in the United States, but salaries can vary depending on which type of job you want to pursue. You might be surprised at how low some salaries are compared to others. In this article, we’ll take a look at the average salary of a finance job and what sort of education you need if you wish to pursue them.
What Jobs are Under the Finance Industries?
The finance industry is a broad field that covers everything from banking and investments to insurance and real estate. If you’re interested in pursuing a career in finance, there are a number of different job options to choose from. Here’s a look at some of the most common finance jobs in the United States:
Banker: Bankers are responsible for providing financial services to customers, including taking deposits, making loans, and managing accounts. They may also be involved in investment banking, providing advice on mergers and acquisitions, initial public offerings (IPOs), and other corporate finance activities.
Investment banker: Investment bankers help companies raise money by issuing and selling securities. They may also provide advice on financial planning and investing.
Financial analyst: Financial analysts provide analysis and recommendations to businesses and individuals on how to invest their money. They may work in the securities industry, providing research on stocks and bonds, or in the commercial banking sector, advising businesses on loan options and creditworthiness
Insurance agent: Insurance agents sell insurance policies to protect individuals and businesses from financial losses due to accidents, fires, theft, or other events. They may also provide advice on risk management and financial planning.
Maximum Salary for Entry Level in Finance
If you’re thinking of pursuing a career in finance, you’re probably wondering what the average salary is for finance jobs in the United States. According to the latest data from the Bureau of Labor Statistics, the average salary for finance jobs is $81,760 per year.
However, it’s important to keep in mind that the average salary can vary depending on experience level and job title. For instance, entry-level finance jobs have an average salary of $59,180 per year, while experienced finance jobs have an average salary of $108,460 per year.
So if you’re looking to maximize your earnings potential in finance, it’s important to aim for a role that will offer a higher salary. Of course, salaries are just one factor to consider when choosing a career. But if you’re interested in pursuing a career in finance, it’s good to know that the average salary is quite high.
Median Salary for Experienced Professionals in Finance
Experienced professionals in the finance industry earn a median salary of $85,000. This figure is based on data from the Bureau of Labor Statistics, which showed that the median salary for all finance and insurance occupations was $85,000 in 2017.
This figure will likely come as no surprise to those who are already working in the finance industry. However, it is worth noting that the median salary for experienced finance professionals is significantly higher than the median salary for all workers in the United States, which was just $37,690 in 2017.
There are a number of factors that contribute to the high salaries earned by finance professionals. Firstly, many finance jobs require a high level of education and training. Secondly, the finance industry is generally very profitable, which means that there is a lot of money to be made by those who are successful in this field.
If you are considering a career in finance, then you can expect to earn a very good salary. However, it is important to remember that success in this industry depends on a lot more than just your educational qualifications and your ability to make money. You will also need to have excellent communication and interpersonal skills, as well as a strong work ethic.
Top Ten Highest Paying Jobs in America
- Investment Banker
- Chief Executive Officer
- Physician
- Dentist
- Nurse Anesthetist
- Orthodontist
- Financial analyst
- Marketing manager
- Information systems manager
- Lawyer
Also READ: Best way on how to finance a car
Lowest Paying Job in Finance
If you’re looking to enter the finance industry, you might be wondering what the average salary of finance jobs in the U.S. Unfortunately, there is no simple answer to this question as salaries can vary greatly depending on factors such as experience, education, and location. However, we can take a look at some of the lowest paying finance jobs to give you an idea of what you can expect to earn if you’re just starting out in this field.
One of the lowest Salary of finance job is that of a financial analyst. Financial analysts provide insights and recommendations to clients about investments, and those just starting out in this career can expect to earn an annual salary of around $60,000. Another low-paying finance job is that of a loan officer, which has an average annual salary of just over $50,000. Loan officers work with banks and other lending institutions to approve or deny loan applications from individuals and businesses.
Of course, these are just two examples of low-paying finance jobs. Salaries will vary depending on the specific position and employer. However, if you’re looking to enter the finance industry, you can expect to earn a fairly decent salary even if you’re starting out in a low.