Ranking Highest Paying Finance Careers by Salary (Tier List)
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- เผยแพร่เมื่อ 16 มิ.ย. 2024
- Here is a tier list of the highest paying finance careers in 2024 based on salary!
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This channel deserves more visibility. Keep up the great content
Thank you! Will do.
I am in wealth management and I absolutely love my role. I've been in the role for 5 years now, and I am earning a nice 120k per year, I work Mon-Fri 9-5, the phone goes on DND at 5pm. The role is very mentally stimulating and I love building plans for clients. I have an affinity to my book and I believe the feeling is mutual for my clients. Overall satisfaction is very high for me. I am in line to adopt a senior planners book in the next 5-10 years, and will be generating around 300k a year from purchasing that book, it will take me into retirement. It's worth the wait.
Side note: I really like my compliance people. I appreciate them a lot, and I am grateful for their guidance when the lines can get blurry.
Would you recommend it for an entry job? I am graduating from a pretty decent university with Business Management undergraduate. I am conflicted whether to go into wealth/asset management or corportate finance (as I heard they both have really great work balance and the pay is good). Also considering IB investment. This will be in central London, what do you think?
You've been in the role for 5 years and barely making $120k a year? Wow, that's very low. Not even considered Middle Class America.
@@Blue_Kryptonite I'm sad to hear that you think that way. Working with people, and knowing other peoples money situation, I think I'm in a very good spot. I get to help people understand their relationship with money and make their financial dreams come true. I live in a lower cost of living city in Canada, my home is paid off, and I am on pace to retire at 45. I have a lot of disposable income, travel 3 times a year, and have a very high quality of life. I don't need more than 120k right now, or probably ever, and when I adopt the book, the rest of that income is just gravy. So say what you want, I feel like I'm living my best life lol. It's not about how much you make, but it's about how much you save 😉 (ofc that is if the area you live in has a low cost of living)
@@kinoby6352 I am not sure, probably a retail role, or an associate role. Once you get your foot in the door at bank, network endlessly, meet everyone you can, take them out for a coffee and ask them about their day to day. You will figure out what you want to do! :) Best of luck!
@@Blue_Kryptonite Shame on you for your insensitivity, ignroance, and trolling. The average American earns about $55k/year. $120k/year is great and if you have 5 years of work experience after graduation, that means you're still very young at 27.
Corporate finance is such a huge bucket. But you're right, the money doesn't really start flowing until you're managing a team at least, and really director level and above. But there's no sales involved, and lots of Excel, so it's perfect for my preferences.
Good points, thanks John.
I work at a pension fund managing pe investment and yea private equity comp is insane, but good luck getting a role and good luck working the role for long enough to get that. Every pe firm is “entrepreneurial” meaning you can essentially be on call 24/7 to deal with random bs regarding an investment, and if one of your investments go bad you’re prob getting canned or a serious pay cut due to carry structure (if you even are eligible).
Yea some jobs are massive ($1m+) but very rare and life draining...
Nice vid
I'm in Sales in a town of about 75,000 people and I know several people over 500,000 in income. Income can be very very high.
What do you sell exactly
@@TheCorner1watching the rest of the video he may categorize me as “wealth management” but getting your clientele is absolutely sales. This job has about a 90% fail rate, and its commission only. I think what makes the average income look artificially low is it includes people who last less than a year who earn very little money, that it dilutes the fact that people with 10 years experience regularly clear 250k
Perfect thank you, I asked cuz I’m in tech sales now looking to transition into finance!
Sales is a wild card that based by personal ability and emotional connections to convert it. I knew people makes millions in life insurance and many people can’t really make more than 60k per year and end it up quitting.
Do you think trading jobs will be replaced by AI/computer in the near future? Specifically at an institutional level and/or for an actively managed investment management firm? Or any of the types of finance jobs you discussed for that matter. BTW, your videos are very insightful. Keep it up!
Trading, possibly yes. Watch my videos on how AI will change finance!
Hi AJ, I joined about 2 years ago and learned a lot. Asked many questions about the exams, and now I am a level 2 candidate, and thinking more seriously about my career. Since wealth management is one of my options, I wanted to know you opinion about the most important characteristics one should have to be successful in this field. Thanks again for all the content!
Wealth management is ultra broad , you can work in sales, accounting, advisory… etc. There’s a role for every skill set.
I think the most important characteristics are being confident, and friendly. Although i know some successful advisors who are not very friendly...
Rip, I’m bout to start a fixed income role in an asset management firm. They require lots of programmation skills so you might be right about AI replacing us.
So Warren Buffett is in B tire list, come on man, we all knew he is a legend!
Hey AJ, I’m based in NYC, graduated in December, and I just passed my SIE. I really want a job in Wealth Management. I’ve applied to fidelity, MS, JP Morgan, Merrill, etc. Pretty much any place that offers a development program in client advising roles. I haven’t heard back yet, any advice on how to break in or just any tips in general.
Yea you are applying to all the big box jobs. You should also be emailing and contacting tons of small RIA offices looking for opportunities.
Hey I have a question. I want to work in finance, but the finance curriculum in most colleges is pretty useless and not applicable to real life. It doesnt give you any skills for the most part and is just about passing the class, getting the degree, and your own personal skills and knowledge + internships and experience is what actually matters. Obviously this is not a broad view of all curriculums but you get my point I am sure. Do you think it is helpful or counter productive for me to be an Accounting Major instead, with a minor in finance? that way I am really learning the language of business and actually being educated and making the most of my time in school, learning real skills. Does the minor help? Would getting finance internships help? Thank you as always for your information and help on this channel, I just want to make sure i am making the right decision by choosing accounting for reasons stated. I really just want to be as competent as possible and make the most of everything. Am i also correct in that accounting provides a different level of versatility that say finance alone would not? I can still take CFA exams and what not if I choose to after my bachelors.
Yes an accounting major with a minor in finance would help. But on the surface, you could be seen as an accountant applying for finance jobs. You would need to make your situation known before apply for finance jobs with that resume.
@@straighttalks-ajsrmek323what would your advice be for making my situation known? Maybe certain financial licensing like the series 7, or a finance internship on my resume? Thank you again for all that you do and for any help.
@@straighttalks-ajsrmek323I’m speaking of course right when I get out of college. Obviously if I aimed for something like the CFA, accounting degree or not, that shows my versatility. However that’s a big commitment and I’m not anywhere near that point. It would be good for me to simply have options after college and do what I need to do currently for that to occur.
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Missing Corp dev
You left out commercial banking and corporate banking
WM Here - Spot on
what is the best route for a sophomore in college to get into the hedge fund industry?
IB - PE - HF
@@straighttalks-ajsrmek323And how about Equity Research (specialized in a field) > HF? I heard that HF like Elliot and Millennium take this route into good consideration but I'm not sure. Thank you for your video!
can you rank the highest paying accounting jobs?
CFO, controller, senior accountant, everyone else.
God the more corporate, stuffier, boring and ultimately useless the job the more this guy loves it
LOL I don't think I agree, but I see what you mean.