Today, more and more people are becoming aware of personal finance. They keep asking, how can I prepare a friendly budget for myself? How do I set and achieve my financial goals? And that’s where the finance sector comes in. You’re in the right place if you are looking for the best paying jobs in consumer services.
But the need for unbiased financial advice is not limited to individuals. Business owners, too, seek guidance when it comes to how they should spend their funds. As a result, there are so many job opportunities to be had in finance consumer services.
Naturally, there are specific skills you need to work in the industry. You need sound financial knowledge and a significant level of communication prowess to do well in the industry. But if you’ve got this covered, you can have a lucrative career in finance consumer services.
In this article, we will talk about the best paying jobs in finance consumer services. So, if you are gearing up for a career that pays off immensely well in the long run, read on for some amazing job opportunities.
Also, we will be listing out the salaries for each of these jobs! So, gear up for some mouth-watering paychecks and high-profile jobs!
What Is the Finance Consumer Services Industry?
The finance Consumer Services industry involves finance services that are given to the end consumer. In this industry, you provide everything from financial advice to products that help clients achieve their short-term and long-term financial goals.
There are many vital roles in this industry like Personal Financial Advisor, Hedge Fund manager, Financial manager for a company, etc.
The demand in the industry is increasing by the day. According to a survey, 59% of Americans want financial advice but are unsure where to get it. And if you have the skills and knowledge, you can be just the person these Americans need.
Also, working in the industry allows you to make a massive difference in people’s lives. You can help them use their money better and multiply it to reach their financial objectives.
So, now that we have briefly discussed the industry and the rising demand, it’s time to list the best paying jobs in finance consumer services.
Read on to find jobs that suit your skills & qualifications and salary expectations!
Methodology: The salary for these jobs has been sourced from indeed.com and salary.com. Secondary research has also been conducted for the same.
Note: Top positions like that of Chief Executive Officers and Vice Presidents are high-level positions in all industries. In these roles, one makes the highest salary, sometimes up to $500K or beyond.
This article will not mention their wages as they might differ heavily based on the employer.
Best Paying Jobs in Finance Consumer Services (Between $100K and $140K)
1. Hedge Fund Managers
In this role, you will have to manage various investment accounts. You also assist investors in managing their investments better. The job involves looking at market trends, assessing liquidity, and ensuring optimum growth.
To do well in this role, you need to have a good understanding of financial instruments. You also need to be able to understand market risks to help investors avoid blunders. Naturally, you also need strong communication skills to be able to work with an array of investors.
It is one of the best paying jobs in finance consumer services. You will earn an average annual salary of $136,000 every year in this role in the United States. The salary will differ based on skills, experience, location, etc.
2. Portfolio Manager
A Portfolio Manager manages investments and maintains their client’s portfolio. They help clients with asset allocation and making wiser investments. They also make sure that these decisions are based on their client’s objectives, risk tolerance, and other similar factors.
To work in this role, you must have the good analytical ability. Control over your emotions and an objective approach to things are also needed. The job involves working with high-value individuals, so you must have good persuasion skills.
It is one of the best paying jobs in the industry. You can earn an average of $136,000 every year in this role in the United States. The salary in this role will differ based on your experience, skills, etc.
But the best part about this role is the immense earning potential if you continue to grow!
3. Financial Manager
In this role, you will have to take care of the financial health of an organization. This includes preparing reports to going through financial statements to give useful advice. They also advise the company’s senior leadership on investment activities and suggest a suitable strategy for the same.
In order to get this role, you need good strategic and analytical skills. Industry-specific knowledge is also a must-have for this role. You also need to be a strong and honest individual in order to be objective in your approach. So, we can say it is a role for people with strong personalities.
It is one of the best paying jobs in finance consumer services. On average, this role can earn you $125,000 in the United States. Depending upon your skills and experience, the salary can go way beyond that.
4. Financial Software Engineer
This is for the techies interested in finance. In this role, you have to design and develop software used in the finance sector today. These can be anything from apps to embedded software. Naturally, testing and fixing any bugs is also part of the job.
Working as Software Engineer in Finance needs you to be well-versed in computer skills. Good knowledge of programming languages is also a must. The finance industry is fast-paced. So, software engineers also need to be able to work on multiple projects at once.
This is another one of the best paying jobs in the industry. In this role in the United States, you will earn an average annual salary of $117,000. Again, the salary will differ based on your skills, years of experience, etc.
So, if you are tech-savvy and have a knack for finance, this one’s the perfect role for you!
5. Private Equity Associate
If you are interested in investment banking, this can be just the role for you. In this role, you must find potential investors for your company. Reaching out to them and following up on deals is also part of the role. In a nutshell, you play a vital role in every stage of the deal!
Good analytical skills are needed to do well in this role. Good knowledge of specific industries is also a must. After all, you must also identify industry trends and hunt for investors accordingly. The ability to conduct in-depth research also works as an added plus for this job.
It is one of the best paying jobs in finance consumer services. When it comes to the payment, you will earn an annual average of $115,000 in this role in the United States. Another great thing about this role is that the earning potential is seemingly endless!
You can easily go beyond the mentioned salary and make huge amounts of money.
Best Paying Jobs in Finance Consumer Services (Between $70K and $100K)
6. Compliance Officer
Compliance Officers work with companies to ensure all rules and regulations are followed. They also see whether or not the workforce is following industry and company norms.
After all, different states have their regulations and standards on how companies should operate. Naturally, it would be best if you were well-versed in laws and regulations to be able to work in this role. You also need to have good observational skills to excel in this job.
It is one of the best paying jobs in the industry. As a compliance officer in the finance industry, you can earn up to $94,000 every year in the United States. Again, the money will differ based on your skills and years of experience.
7. Insurance Advisor
Financial advisors come in many shapes and forms. One of them is the insurance advisor. This person advises individuals on which insurance products will suit them the best. To do that, they first analyze the client’s current situation and future goals before concluding.
Financial Planning skills are a must-have for this role. In addition to that, you also need to have good customer service skills. Communication skills are also vital if you are to do well in the role.
There’s one more thing that is great about working as Insurance Advisor. And that is the fact that you can help your clients protect their family’s future with good insurance products.
It is one of the best paying jobs in the industry. You can earn up to $88,000 annually as an Insurance Advisor in the United States. But if you do well in this role, the salary can go well beyond that into the six-figure vicinity.
8. Personal Financial Advisor
Today, a lot of people look out for sound financial advice. That’s where the opportunity lies for you to work as a PFA. This role needs you first to understand the client’s current scenario, weigh it against their goals and advise a plan for them to get there.
It covers advising them on taxes, investments, managing expenses, etc. In this role, the first and foremost quality you need is honesty.
After all, it would be best if you gave solid, unbiased advice to your client. Good relationship skills are also needed to keep getting more and more clients to work for!
It is one of the best paying jobs in finance consumer services, and you can earn up to $85,000 annually in the United States. The potential for money-making, though, goes well beyond that when it comes to PFAs.
9. Loan Officer
A Loan officer works with clients to ensure they get the best deals in loans, mortgages, etc. Their role also involves reviewing an applicant’s documents to see if they are eligible for the loan.
Naturally, you need financial skills and knowledge to become a loan officer. You must also be able to analyze information quickly to do well in this role. Being unbiased and objective in their decisions is also a quality that loan officers must have.
It is one of the best paying jobs in finance consumer services. In this role, you can earn up to $80,824 annually in the United States. Apart from the money, this is also a meaningful role that allows you to help people get great deals on loans.
10. Financial Analyst
The world of finance depends heavily on analysis. And that’s why Financial Analysts are always in demand. They play a pivotal role in the industry.
In this role, you have to look at financial statements and market trends and predict the company’s future performance. It may involve forecasting future revenue, expenditure, and so on. In a nutshell, financial analysts help individuals and companies keep their financial plans on track.
Naturally, a keen eye for detail is a must for this role. Good problem-solving skills and communication are also needed to excel in this role. You also need to be a critical thinker to be unbiased in this role.
The average annual salary for this role in the United States is $71,000, making it one of the best paying jobs in finance consumer services. Again, the salary can go well beyond this if you keep doing well in this role.
A career in finance has a lot to offer. And high paying potential is definitely up there on the list of benefits of working in the industry. So, did you find any jobs that suit your skills and qualifications? Are you clear about whether or not you want a career in finance consumer services?
If yes, now’s the time to prepare a solid resume, write an impressive cover letter, and apply to top industry companies. It is an industry that provides lots of room for growth while providing job security for the ever-growing demand.