Top 15 Best Paying Jobs In Finance Consumer Services 2024
Top 15 Best Paying Jobs In Finance Consumer Services 2024. If you are interested in pursuing a career in finance consumer services, there are many different options available. Salaries for finance consumer services jobs can vary depending on the specific role, but they typically range from $50,000 to $100,000 per year.
Finance consumer services are critical to the economy and provide important services to consumers. You will be responsible of providing analysis and advice to clients on how to manage their finances. A finance consumer services job can be very rewarding, both financially and professionally.
What Is Finance Consumer Services?
Finance consumer services is a broad term that can refer to a variety of different job roles within the finance and consumer industries. Common examples of finance consumer services jobs include financial analysts, accountants, customer service representatives, and loan officers.
Finance Consumer Services Job Outlook
The job outlook of finance consumer services is also positive. According to the U.S. Bureau of labor statistics (BLS), employment in this field should grow eight percent from 2020 to 2030. The likely reason for this growth can be attributed to a growing economy, globalization, and complex tax and regulatory environments. The demand for auditors and accountants is predicted to continue to grow.
Employment of customer service representatives is projected to decline 4 percent from 2021 to 2031. Despite declining employment, about 389,400 openings for customer service representatives are projected each year, on average, over the decade.
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Highest paying finance jobs are Compliance analyst, Financial advisor, Insurance advisor, Financial analyst, Investment banker, Information technology auditor, Senior accountant, Hedge fund manager.
BLS data indicates that personal financial advisors earned a median annual income of nearly $95,000 as of 2021, more than double the median annual salary for all occupations nationwide. Financial analysts among the most common careers in finance earned a median annual salary of $81,040.
If you’re looking for a career with high earning potential, finance consumer services may be a good option for you. Consumer finance is a broad field that covers everything from credit and debit cards to personal loans and investment advice. Finance consumer services professionals help consumers manage their money and make financial decisions.
Financial analysts, accountants, tax accountants, and financial advisors are among the top finance jobs in demand today. To get a job in any of these fields, you need a Bachelor’s Degree in Finance, marketing, accounting, business, or another related discipline. Certification might also help secure a dream job in an insurance company or customer care company.
What Do Finance Consumer Services Jobs Pay?
Finance consumer services jobs are quite lucrative. Data from the U.S Bureau of Labor Statistics show that experts in this field earn more than the median annual wage of $41,950 for all occupations in the United States. In May 2020, the median annual salary for business and financial occupations was $72,250.
List Of 15 Best Paying Jobs In Finance Consumer Services In 2024
1. Private Equity Associate
These professionals work in investment banking and find potential investors. They are tasked with assisting with acquired investments and performing due diligence with customer experience at the bank. Private equity associates also finalize deals they pursue from start to finish. Average Salary is $104,551.
2. Financial Software Developer
As a financial software developer, you can expect to earn a median salary of $85,000 per year. If you want to make a good living working in finance, you should consider becoming a financial software developer. These professionals create and maintain software that helps businesses and individuals manage their finances. They typically work for banks, accounting firms, or financial services companies.
3. Investment Banker
An investment banker is a professional who helps companies raise money by issuing and selling securities. Investment bankers typically work for banks, but there is a growing number of independent firms. They help companies by coming up with new investment ideas, negotiating loans, and helping to get the best terms for their products. Investment bankers typically have a four-year degree in business or economics.
4. Chief Financial Officer
Another best paying job in finance consumer services is Chief Financial Officer. This is a senior personnel role responsible for handling the financial actions of a company. They may also be responsible for a wide variety of duties such as tracking cash flow, driving financial planning, and analyzing weaknesses and strengths in the company finance. The CFO may also be responsible for performing risk management and choosing investment strategies. Average Salary is $142,619.
5. Information Technology Auditor
The information technology auditor handles a wide variety of risks and internal controls in the computer technology system of a financial institution. This expert monitors the system and ensures that it is in line with the best practices in the industry. The role could involve studying technologies used to find weaknesses in the system. The IT auditor prepares reports that cover the findings and recommendations for the system. Average Salary is $93,446.
4. Insurance Advisor
Next on the list of best paying jobs in finance consumer services is Insurance Advisor. An insurance advisor is a professional who helps clients choose the right insurance policies. They assess a client’s risk factors and recommend policies that will provide the most protection. Insurance advisors typically work for insurance companies, but also for banks and investment firms. That is because they often sell multiple types of insurance, such as life, health, and auto insurance.
6. Insurance Advisor
Professionals in this role provide financial advice on investing, retirement, and protecting any risks. The experts’ complete financial needs analysis includes tax status, liabilities, risk analysis, and insurance. They also meet with clients, analyze their individual risks, assess their financial portfolios, and offer financial guidance. Average Salary is $54,392.
7. Compliance Analyst
Compliance analysts, or compliance managers, are responsible for ensuring that the procedures and operations of organizations meet the compliance standards in the industry and from the government. Average Salary is $62,675.
8. Financial Analyst
Financial analysts play a pivotal role in the finance industry. They offer investment guidance to clients and evaluate stock and market performance while considering the previous and present economic data. These experts also create reports and forecasts to suggest the best course of action for customers. Average Salary is $67,900.
9. Senior Accountant CPA
A senior accountant monitors outgoing and incoming payments and keeps the ledgers accurate and audited. They can have other professionals who work on the books as clerks and bookkeepers who are also under supervision. Average Salary is $81,218.
10. Private Equity Associate
If you’re looking for a high-paying job in the financial consumer services industry, one option to consider is working as a private equity associate. Private equity associates work with investors to identify, assess, and invest in companies that are experiencing financial growth. They also work with companies to help them improve their financial performance. While the job can be challenging, it can also be very rewarding.
11. Stockbroker
A stockbroker is someone who buys and sells stocks and other securities on behalf of their clients. They work in the securities industry. Stockbrokers typically work for broker-dealers, large banks, or investment firms. Stockbrokers must have a license to buy and sell securities. To get a license, they must pass the Series 7 exam, which covers topics such as stocks, bonds, and investment strategies. The median annual salary for stockbrokers was $67,310.
12. Loan Officer
The average salary for a loan officer is just over $63,000 per year, but the top earners in the field can make well over $100,000 annually. If you’re considering a career in finance, you may be wondering what the highest-paying jobs are. While there are many different finance-related careers that can be quite profitable, loan officers are typically among the highest paid.
13. Compliance Analyst
Compliance analysts are responsible for ensuring that their company’s financial practices comply with regulatory standards. They may work with auditors to review financial records, develop compliance plans, or train employees on compliance issues. Compliance analysts typically have a bachelor’s degree in accounting or a related field. According to the Bureau of Labor Statistics, compliance officers earned a median salary of $67,280.
14. Hedge Fund Manager
These professionals work independently or in investment firms to oversee hedge fund management on behalf of investors. These experts work for high-net-worth investors who want to achieve their investment goals. This role also centers around decision-making regarding the funds they manage. The decisions help drive fund performance and increase total returns for the investors. Average Salary is $85,727.
15. Auditor
The role of an auditor is to verify the accuracy and compliance with accounting laws of financial statements and records. Approximately $70,000 is expected to be paid for this position.
What are the skills required for financial consumer services jobs?
1. Strong communication skills.
Another key skill for consumer finance jobs is strong communication. You will need to be able to effectively communicate with customers, as well as other members of your team.
2. Organizational skills
Finally, consumer finance jobs also require excellent organizational skills. You will need to be able to keep track of a large number of customer accounts and requests, so you must be able to stay organized.
3. Excellent customer service skills
This is perhaps the most important skill for any consumer finance job. You will be dealing with customers daily, so you must be able to provide them with outstanding service.
4. Attention to detail
Another important skill for finance consumer services jobs is attention to detail. This job requires you to be able to handle a large volume of customer inquiries and requests, so you must be able to pay close attention to detail.
What are the educational requirements for financial consumer services jobs?
There are a few different types of finance consumer services jobs, so the educational requirements can vary. For example, jobs that involve working with customers to help them manage their finances may require a bachelor’s degree in finance or a related field. Jobs that involve more technical aspects of finance, such as investment analysis or financial planning, may require a master’s degree in finance or a related field.
What Is The Role of Finance Consumer Services
Finance consumer services provide a valuable service to society. They help individuals and families save money, make informed financial decisions, and plan for their future. There are many different types of finance consumer services jobs, but they all share one common goal: to improve the financial well-being of their clients.
Financial planners, for example, help clients set goals and create a plan to reach those goals. Investment bankers provide analysis and advice on investments, while insurance agents help clients choose the best coverage for their needs.
