While earning a quarter of a million dollars in three years might sound unreal, it is certainly possible in the finance field. Most people, however, make the mistake of jumping at the first job they see, without doing enough research. In fact, the most rewarding careers in finance are on the buy side. If you want to earn the maximum possible salary, consider working for the buy-side. However, be aware that this profession is competitive, so you must prepare thoroughly and avoid a job that is purely a stepping stone.
Compared to other fields, a degree in finance will be significantly more lucrative than those in other disciplines. And while you may be expected to work long hours to earn this salary, some of the best finance jobs will also require long hours. The list below highlights some of the best paying finance jobs worldwide, as listed by Glassdoor contributors. While the pay is competitive, there are many benefits to a career in finance. For example, a finance job could be the perfect fit for someone who enjoys math and numbers.
As the average salary for finance majors varies from $19,509 to $515,794, the median salary is $93,664. The middle fifth of finance majors earn between $38,500 and $45,500 annually. Top earners can earn as much as $55,000 per year. However, the average take-home pay for entry-level finance jobs is only $7,500, which indicates that there are few opportunities for advancement.
Graduates with a Master’s degree in finance can also pursue more specialized positions in the industry. They can pursue a PhD in finance and apply to financial research and teaching positions. A doctorate in finance typically takes four to five years to complete and can be one of the highest-paying jobs. Most PhDs in finance earn more than $180,000 per year. In addition to being highly educated, these professionals can enjoy interesting and lucrative careers.
In the U.S., financial analysts earn an average salary of $81,590 a year. As a result, they have a much higher earning potential than their non-graduate counterparts. Despite the fact that some finance jobs are considered high-paying, the median salary for these jobs varies significantly. A recent survey conducted by ZipRecruiter indicates that a top-earning finance professional can expect to earn up to $150,000 per year.
The financial sector is expected to grow by eight percent over the next decade. This rate of growth is much higher than the average for all occupations. By 2030, there are projected to be 750,800 new jobs in this industry. For those who don’t like numbers, a graduate’s salary will range between $75K and $85K. For those who prefer to work for themselves, finance careers are an excellent option.
For fresh college graduates, the banking sector is the best route to take. While it does require preparation and recruiting, the job can be extremely lucrative. You can pursue corporate banking, sales and trading, and equity research. However, transitioning to the buy side isn’t always a smooth process. Therefore, it is important to carefully consider which route you want to take to pursue. This way, you’ll have more chances of landing an interview.