Finance careers salary: 17 Highest Paying Finance Jobs in 2023

Опубликовано: July 26, 2023 в 4:33 am

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17 Highest Paying Finance Jobs in 2023

  • Job Seekers

The finance industry has low unemployment and continues to attract top talent with impressive compensation and benefits packages. Available finance jobs are expected to increase faster than the average occupation in the next decade. Financial and business careers are expected to grow by eight percent by 2030 (750,000 new jobs). 

According to the U.S. Bureau of Labor Statistics, the median annual wage for business and finance occupations was $76,570 in 2021. Other sources estimate the average entry-level finance salary to be $88,160.  

Most job opportunities in the finance sector require a bachelor’s degree. However, the return on that investment is high. Please note that the following salaries can vary depending on experience and individuals’ skills. Hopefully, these resources will help you find a job in the finance industry.  

What skills do you need for a job in finance? 

Entering the finance industry and joining a reputable financial institution typically requires an undergraduate degree or bachelor’s degree at minimum. It’s also helpful to study analytics, business, economics, finance, or math.  

Some financial companies may claim to hire a wide variety of majors, but most entry-level positions only hire people with bachelor’s degrees in those areas. If you’re interested in joining the industry but don’t have a finance degree, it’s possible to supplement with a related minor or online certification. 

9 highest paying finance jobs

The following list of jobs includes positions at the top end of the financial sector. These positions require time and experience in the industry and are considered some of the most sought-after jobs in finance. They come with great benefits, career security, and professional development opportunities.

Not at that level yet? We explore the 8 highest paying entry-level finance jobs further down this page. Once you get your foot in the door you can delve into these positions to set career goals.

1. Chief compliance officer 

The top-paying finance job on our list is Chief compliance officer. These executives oversee all compliance-related duties and departments to ensure a company and its operations strictly comply with all laws.  

  • Average yearly salary: $197,001 – $278,101 
  • Skills required: firm understanding of regulatory guidelines, security policies, compliance issues, risk management, leadership, and ethics
  • Qualifications required: bachelor’s degree in related field and possibly graduate degree in related subject
  • Helpful certifications: Certified Regulatory Compliance Manager (CRCM) and Series 14

2. Chief financial officer

Chief financial officers (CFO) oversee business budgeting, cost-related decision-making, and financial teams. The CFO role is one of the highest paying finance jobs because it requires financial leadership, experience, and an extensive network. 

  • Average yearly salary: $314,481 – $528,583
  • Skills required: budget management, financial reporting and analysis, accounting, corporate finance, consulting, leadership, and strategic vision
  • Qualifications required: bachelor’s degree in related field and possibly Master of Business Administration (MBA) degree
  • Helpful certifications: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Chartered Global Management Accountant (CGMA), and Chartered Financial Analyst (CFA)

3. Private equity associate

Private equity associates are business executives working for investment banks, finding investors, assisting them with investments, and performing due diligence on current investors. Private equity associates need to have excellent interpersonal communication skills.

  • Average yearly salary: $85,931 – $114,295
  • Skills required: industry knowledge, data modeling and analysis, business strategy, investment banking, corporate consulting, negotiation, networking, and communication
  • Qualifications required: bachelor’s degree in related field and possibly Master of Business Administration (MBA) degree
  • Helpful certifications: Certified Private Equity Professional (CPEP) and Chartered Financial Analyst (CFA)

4. Hedge fund manager 

Hedge fund managers help investors run a hedge fund’s operations and a diversified investment package. These individuals oversee all hedge fund portfolio investments. In a top-paying finance job, a hedge fund manager’s responsibilities include helping investors manage their investment objectives, liquidity, and fees.   

  • Average yearly salary: $86,006 – $130,045
  • Skills required: financial instruments, financial market knowledge, risk (and risk tolerance), portfolio construction, interpersonal communication, financial modeling, and quick math
  • Qualifications required: bachelor’s degree in related field
  • Helpful certifications: Series 65, Chartered Financial Analyst (CFA), Chartered Market Technician (CMF), Financial Risk Manager (FRM), Registered Investment Advisor (RIA), Certificate in Hedge Fund Regulation (CHFR), Certified Investment Management Analyst (CIMA), and Chartered Investment Counselor (CIC)

5. Insurance advisor

Insurance advisors help people make sure the things and people they love stay safe by advising them on insurance plans. These experts guide by listening to long and short-term needs and offering insurance-specific financial guidance. 

  • Average yearly salary: $50,714 – $64,899
  • Skills required: Compliance, licensing, strong written and verbal communication, professionalism, and familiarity with product and benefit trends
  • Qualifications required: high school diploma and possibly college degree
  • Helpful certifications: state required insurance licenses

6. Financial advisor

Financial advisors, another one of the highest-earning finance jobs, help clients define their financial goals and invest in products to help them achieve them. They assist with significant life events, like saving for college and retirement. Financial advisors spend most of their time meeting with clients, identifying new opportunities, and executing investment strategies. 

  • Average yearly salary: $70,482 – $147,000
  • Skills required: Financial licensing, retirement planning, analytical thinking, communication, current market technology, sales strategy, industry knowledge, market trends, interpersonal networking, and active listening
  • Qualifications required: bachelor’s degree in related field and possibly Master of Business Administration (MBA) degree
  • Helpful certifications: Series 7, Series 63, Series 65, specific product licenses

7. Compliance analyst

Compliance analysts audit businesses to comply with government rules and regulations. They train employees on industry compliance regulations and advise organizations on industry-specific requirements and standards.

  • Average yearly salary: $42,612 to $58,152
  • Skills required: compliance management software, advanced analytics, communication, audit and compliance procedures, regulatory frameworks, quality management, and financial planning
  • Qualifications required: bachelor’s degree and experience in related field
  • Helpful certifications: International Compliance Association (ICA) certification, Certified Securities Compliance Professional (CSCP), Chartered Financial Analyst (CFA) and Certified Regulatory Compliance Manager (CRCM)

8. Information technology auditor

IT Auditors work for businesses or government groups to ensure the technology meets compliance and other enterprise needs. These positions are high-earning and require technical experience in the field. 

  • Average yearly salary: $59,676 – $77,752
  • Skills required: operating systems, web technologies, internal audit, IT, information security, ability to work independently and in teams, communication, integrity, and analytics
  • Qualifications required: bachelor’s degree in related field, experience, and possibly master’s degree
  • Helpful certifications: Certified Information Systems Auditor (CISA), Certified in Risk and Information Systems Control (CRISC)

9. Investment banker

Investment bankers help businesses and government groups invest their money. One of their primary focuses is raising money to grow a business and assisting companies in achieving financial growth goals. 

  • Average yearly salary: $72,133 – $89,566
  • Skills required: portfolio management, market research and trends, discipline, relationship building, entrepreneurship, analytics, interpersonal communication, global outlook, presentation persuasion, and networking
  • Qualifications required: bachelor’s degree in related field, and possibly master’s degree
  • Helpful certifications: FINRA license, Series 7, Series 63, Series 66, and Series 79

8 highest paying entry-level finance jobs

The finance industry offers some of the highest entry-level jobs. There are top-paying entry-level finance positions currently in high demand. When looking at which work is right for you, it’s essential to identify the best jobs for salary and future career prospects. 

There are a lot of different paths you can take with a finance degree, so it’s crucial to learn about your options and explore various career opportunities. Looking for positions that most accurately match your experience, interests, and skills will increase your chances of receiving a job offer. Here we’ll explore some of the highest paying finance jobs available for those new to the industry and some top-paying finance jobs.

1. Financial manager

Financial Managers are one of the top-paying finance jobs out of college, with growing demand. Financial managers are similar to personal finance advisors, except they manage a company’s financial health instead of individuals. The position requires a lot of market knowledge, which could come with financial management experience.

  • Average yearly salary: $59,779 – $106,395
  • Required skills: leadership, business communication, interpersonal communication, decision making, investment principles, cash flows, financial data analysis, expense forecasting, government contracts, financial management systems, advanced mathematics, economics, statistical modeling software, market research, and trends
  • Qualifications required: bachelor’s degree and experience in related field
  • Helpful certifications: Chartered Financial Analyst (CFA), Financial Risk Manager Certification (FRM), Financial Modelling Certification, Certified Financial Planner (CFP), Certified Fund Specialist (CFS), Certified Government Financial Manager (CGFM), and Certified International Investment Analyst (CIIA)

2. Personal finance advisor

Personal finance advisors are some of the highest paying finance jobs. These financial experts help clients make strategic decisions about their short and long-term goals. Personal finance advisors help people manage their money in many different ways, including investments, insurance, savings, estate planning, retirement, and taxes. 

  • Average yearly salary: $74,203 – $89,296
  • Required Skills: Client communication, critical thinking, analytics, writing, information technology, sales, economics, market research and trends, and retirement planning
  • Qualifications required: bachelor’s degree and experience in related field
  • Helpful certifications: Certified Financial Planner (CFP), Certified Financial Analyst (CFA), Chartered Financial Consultant (ChFC), and Certified Public Accountant (CPA)

3. Management analyst

Management analysts come in as the third-highest paying finance jobs out of college. These finance professionals increase company efficiency by examining current procedures and developing solutions. The position requires data collection skills, as well as above-average communication skills.  

  • Average yearly salary: $54,532 – $74,189
  • Required skills: interpersonal communication, problem-solving, business structures, stakeholder analysis, cost-benefit analysis, process modeling, SAS, SQL databases, database query languages, and programming languages
  • Qualifications required: bachelor’s degree in related field, and possibly a Master’s Degree in Business Administration
  • Helpful certifications: IT Information Library Foundations Certification (ITIL), Six Sigma Green Belt, Project Management Professional (PMP), Chartered Financial Analyst (CFA), and Master Project Manager (MPM)

4. Financial analyst

Financial analysts help businesses and individuals diversify and invest their money. Financial analysts monitor economic trends, advise clients, determine value, and assess financial risks. It is one of the top-paying finance jobs out of college, requiring technical and financial consulting skills.  

  • Average yearly salary: $67,403 – $82,103
  • Required skills: accounting, SEC filings, corporate finance, financial modeling, corporate valuation, developing forecast models, analytics, IT, insurance, and interpersonal and presentation communication
  • Qualifications required: bachelor’s degree in finance or accounting and related experience
  • Helpful certifications: FINRA license, Chartered Financial Analyst (CFA), and master’s degree in Accounting

5. Financial examiner

Financial examiner is one of the highest-paying entry-level jobs, and the outlook for this role shows higher-than-average growth opportunities. They are responsible for risk management, ensuring financial institutions follow the law, and verifying banks have enough cash to manage liquidity and unexpected losses. 

  • Average yearly salary: $31,000 – $43,101
  • Required skills: knowledge of federal and state laws, accounting, finance, risk management, reading comprehension, attention to detail, writing, and data analytics
  • Qualifications required: bachelor’s degree in accounting and possibly a master’s degree
  • Helpful certifications: Accredited Financial Examiner, Certified Financial Examiner, and Automated Examination Specialist

6. Budget Analyst

Budget analysts are similar to accountants, but these financial professionals help companies and individuals budget by following laws and regulations. Budgeting can be tricky for some businesses or individuals, so Budget Analysts come in to help organize the overall finances and plan for future spending. 

  • Average yearly salary: $53,690 – $68,490
  • Required Skills: strong math skills, understanding of statistical methods and models, computer skills, familiarity with Big Data and machine learning, federal and state laws, spreadsheet program fluency
  • Qualifications required: bachelor’s degree in related field and possibly a master’s degree
  • Helpful certifications: Certified Government Financial Manager (CGFM), Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Project Management Professional (PMP)

7. Accountant

Accountants ensure you have valid tax information, and they can work for either companies or individuals. Accountants can work for large, medium, or small companies, nonprofits, or any size accounting firm. If you think analytically and enjoy solving problems with financial data, then this is the perfect role for you. 

  • Average yearly salary: $53,101 – $64,201
  • Required skills: analytical thinking, generally accepted accounting principles, federal and state laws, interpersonal communication, balance sheets, tax returns, accounting software
  • Qualifications required: bachelor’s degree in accounting or Association of Accounting Technicians course, and possible a master’s degree
  • Helpful certifications: Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), and Chartered Financial Analyst (CFA)

8. Loan officer

Loan officers authorize and evaluate loans for businesses and individuals. They often work for a bank, credit union, or other financial institution, analyzing who is eligible to get a loan. This position requires communicating with people and a good understanding of banking industry protocols. 

  • Average yearly salary: $40,101 – $59,701
  • Required skills: lending products, banking rules, regulations, and documents, math, analytics, interpersonal communication, customer service, sales, and decision-making
  • Qualifications required: possibly a bachelor’s degree in a related field
  • Helpful certifications: Mortgage Loan Originator (MLO), Certified Financial Marketing Professional (CFMP), Certified Lender Business Banker (CLBB), and Certified Trust and Financial Advisor (CTFA)

Find a finance career you’ll love with Top Workplaces 

It’s crucial to find a career that uses your skills and strengths well. Understanding the required skills for each job opportunity is essential in finding a job, but making sure that the list matches your skillset is also necessary. Putting your skills to good use will help you find a job you’ll love, making you feel proud.   

Check out the Top Workplaces Financial Services Award to see which finance companies are rated the highest by their employees. Exploring the best finance companies and noting your skills will help you find a great place to work

 

Does your company deserve recognition for its people-first culture and compensation packages? Nominate your organization for Top Workplaces, the program that offers awards in 60+ regional markets and national awards for culture and industry excellence.   

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Best Paying Jobs in Finance for 2022

The financial industry is a highly competitive and lucrative career path.

It offers both recent graduates and experienced professionals a wide variety of job opportunities in traditional fields such as investment banking and accounting, or in the newer financial technology (fintech) industry.

Read on for a list of the 10 highest-paying finance jobs, their annual salary and typical educational requirements.

  • Financial manager
  • Financial systems director
  • Actuary
  • Economic analyst
  • Personal financial advisors
  • Management analysts
  • Financial analysts
  • Financial examiners
  • Budget analysts
  • Accountants
  • Auditors
  • What do finance jobs pay?

Best paying jobs in finance

Financial manager

Financial managers monitor different aspects of a business’ finances. They can advise chief financial officers and other top executives on investment opportunities to expand or maximize profits.

In smaller companies, a financial manager might be in charge of a company’s entire financial operation; in larger ones, they might monitor more specific aspects, such as credit, cash or risk management. Financial managers have a wide range of responsibilities depending on the company and industry, including analyzing market trends, making financial forecasts and directing investments.

The median annual salary for financial managers was $131,710 in 2021. Employment opportunities for financial managers are projected to grow 17%, a much faster rate than the average for any other occupation.

Financial systems director

Financial systems directors oversee the development and implementation of business systems within companies.

Systems directors can work closely with information technology (IT) departments to help establish systems for tracking capital allocation and collecting financial data. They also ensure the stability of system infrastructures and identify ways to streamline processes.

Financial systems directors typically need a bachelor’s degree in information systems, computer science or database administration. They may also pursue professional certification in databases like WebLogic from Oracle and structure query language (SQL) tools.

According to ZipRecruiter, the national average salary for financial systems directors is $107,901. Employment for computer and information systems managers is projected to grow faster than average — 11% through 2030.

Actuary

Actuaries help insurance companies estimate the likelihood of future events and its potential financial consequences. They use statistics and modeling to analyze data, predict costs of payouts and design strategies to minimize risks. Actuaries also help companies establish policy premiums, ensuring they’re profitable and competitive.

Actuaries can specialize in life insurance, health insurance, property and casualty insurance, enterprise risk management, and pension and retirement benefits. A bachelor’s degree is typically required along with an Associate or Fellow certification offered by the Casualty Actuarial Society or the Society of Actuaries.

According to the Bureau of Labor Statistics (BLS), the median salary for actuaries in 2021 was $105,900, with a projected 24% growth in demand.

Economic analyst

As an economic analyst, economists forecast economic trends, develop models and write reports that help private companies make decisions. Economic analysts also work for federal government agencies collecting and analyzing data to help create spending projections.

Economists need high-level knowledge of mathematical models and statistical techniques to analyze large amounts of data. They typically need a master’s or Ph.D. degree in economics or mathematics, and some work experience involving statistical analysis software.

The BLS estimates the median annual salary for economists to be $94,710 as of May 2021, and projected employment in this area is expected to grow 13% between 2020 to 2030.

Personal financial advisors

Personal financial advisors help clients manage their personal finances. Advisors evaluate clients’ individual needs and recommend investments, insurance, retirement plans, mortgages, taxation and/or estate planning strategies that are consistent with the client’s financial goals.

Advisors develop long, intermediate and short-term plans, identify financial opportunities and help create budgets for educational expenses, retirement, savings or monthly debts.

Licensed advisors manage clients’ investments and other assets, including selling and buying stocks and bonds on behalf of their clients. As such, they are expected to have excellent communication skills and the ability to explain complex information to a wide variety of people.

Most personal financial advisors are self-employed. The median annual salary for personal financial advisors in 2021 was $94,710, and employment opportunities are projected to grow around 5% through 2030.

Management analysts

Management analysts, or management consultants, analyze a business’ procedures and recommend improvements to current processes.

Management analysts gather financial data — such as expenditures and revenue — to prepare documentation and advise executives in the implementation of new systems. They essentially look for ways to make an organization more profitable and efficient.

In 2021, management analysts earned a median salary of $93,000. Additionally, job opportunities in this field are expected to grow 14% between 2020 to 2030.

Financial analysts

Financial analysts typically work for banks, insurance companies, asset management firms and private equity firms. They evaluate investment opportunities and recommend how to best diversify portfolios and generate profits.

Financial analysts assess risk and the performance of different types of investments, including hedge funds and mutual funds. In addition, financial analysts analyze budgets, financial models and projections.

The median annual salary for financial analysts in 2021 was $81,410, according to the BLS. Employment in this area is projected to grow 6% through 2030.

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Financial examiners

Financial examiners ensure that banks are legally compliant with the laws, policies and regulations that govern financial institutions. Most financial examiners work in risk assessment or consumer compliance.

Risk assessment examiners ensure that financial institutions are in good financial standing, and that banks have enough cash to offer loans and manage unexpected losses.

Consumer compliance examiners monitor banks’ lending practices, making sure they’re fair and that borrowers are treated fairly. This includes ensuring that borrowers aren’t discriminated against based on gender, race, ethnicity or other factors.

According to BLS, financial examiners earned a median annual salary of $81,410 in 2021, the equivalent of $39.14 per hour. The BLS also estimated that in 2020 there were 70,800 financial examiners jobs and projected a much faster than average growth rate of 18% through 2030.

Budget Analysts

Budget analysts prepare budgets and annual reports. They help public and private institutions — for example universities, private companies and government agencies — analyze their finances and recommend adjustments in spending or funding based on the organization’s needs.

Budget analysts ensure that budget proposals abide by regulations, and that spending remains within budgeted limits. They also conduct cost-benefit analysis and forecast financial needs.

The median annual pay for budget analysts in 2021 was $79,940. Employment demand in this area is projected to grow 5%.

Accountants and auditors

Accountants and auditors ensure that businesses and individual clients’ financial information is accurate and complies with applicable regulations.

An accountant’s main responsibilities include preparing financial reports — such as balance sheets and income statements — and ensuring that tax information is accurate and filed on time. Some are also in charge of bookkeeping, invoices and recommend solutions to reduce costs or maximize profits.

Auditors, as the name implies, perform audits, examining financial records and offering guidance on how to improve internal controls. They can also perform forensic audits to detect fraud, embezzlement or intentional misstatements.

Aside from a degree in accounting, accountants and auditors typically need to become a licensed Certified Public Accountant (CPA). They might also need professional certifications, such as the Certified Management Accountant (CMA) or the Certified Internal Auditor (CIA).

The median annual salary for both accountants and auditors was $77,250 in 2021. The average growth rate for this career is projected to be around 7%.

Other well-paid finance careers

The following financial occupations are also well-paid with median annual salaries ranging from the low $60,000 to mid-$70,000.

  • Logisticians: $77,030
  • Insurance underwriters: $76,390
  • Banking analyst: $74,463
  • Cost estimators: $65,170
  • Claims adjusters: $64,710
  • Appraisers: $64,710
  • Market research analysts: $63,920
  • Loan officers: $63,380
  • Investment bankers and/or brokers: $62,910

What do finance jobs pay?

According to ZipRecruiter, the national average salary for finance professionals in the United States is $73,284. Average salaries range from $20,500 to more than $150,000 per year.

Below is a list of the best-paying finance jobs along with their median base salary and the typical educational requirements, as reported by the Bureau of Labor Statistics.

Finance Jobs Median Base Salary (Annually) Typical Educational Requirements
Financial Manager $131,710 •Bachelor or master’s degree in related field.
•Optional certifications: Financial Risk Management (FRM) and/or Certified Government Financial Manager (CGFM)
Financial Systems Director $107,901 •Bachelor’s degree in computer science, information technology or related fields.
•Optional certifications: Oracle-Certified
Actuary $105,900 •Bachelor’s degree in mathematics, statistics, business or related field
•Licensed by the Department of Labor and the Department of the Treasury
•Certified by the Casualty Actuarial Society (CAS) and/or the Society of Actuaries (SOA)
Economic Analyst $105,630 •Master’s degree in economics, statistics, business and related fields
•Ph. D. preferred
Personal Financial Advisor $94,170 •Bachelor’s degree
•Optional certifications: Certified Financial Planner (CFP)
•Registration with the Securities and Exchange Commission (SEC)
Management Analysts $93,000 •Bachelor’s degree
•Master’s degree in business administration preferred
•Certified Management Consultant (CMC) designation
Financial Analysts $81,410 •Bachelor’s degree in business or related field.
•Master’s degree preferred by some employers
•Optional certifications: Chartered Financial Analyst (CFA)
Financial Examiners $81,410 •Bachelor’s degree in business or related field.
•Optional certifications: Accredited Financial Examiner (AFE) and/or Certified Financial Examiner (CFE)
Budget Analysts $79,940 •Bachelor’s degree in business, mathematics, or related field.
•Optional certifications: Certified Government Financial Manager (CGFM)
Accountants $77,250 •Bachelor’s degree in accounting
•Certified Public Accountant (CPA) license
•Optional certifications: Accredited in Business Valuation (ABV), Certified Financial Forensics (CFF), Chartered Global Management Accountant (CGMA), and/or Certified Management Accountant (CMA)
Auditors $77,250 •Bachelor’s degree in accounting
•Certified Public Accountant (CPA) license
•Optional certifications: Certified Internal Auditor (CIA), Certified in Control Self-Assessment (CCSA), Certified Government Auditing Professional (CGAP), Certified Information Systems Auditor (CISA), and/or Certified Financial Services Auditor (CFSA)

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Best paying jobs in finance FAQ

Is finance a good career path?

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Despite being a highly competitive industry, careers in finance are a popular choice for many business administration graduates. It offers attractive high-paying jobs, bonuses and growth opportunities. In addition, it’s an industry that’s projected to grow 8% between 2020 to 2030, and generate about 750,800 new jobs according to the Bureau of Labor Statistics.

How many jobs are available in finance?

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According to the Bureau of Labor Statistics, in February and March 2022, there were roughly 500,000 jobs available in the financial industry.

These include a variety of roles ranging from entry-level positions in investment banking and financial institutions to top executive positions. Some common entry-level positions include brokers, equity analysts, risk analysts and loan officers.

How much do finance majors make?

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According to ZipRecruiter, the national average salary for a finance professional is $73,284, with the majority of finance professionals earning between $44,500 to $97,000 a year. Some top earners can make $150,000 and more annually.

How much do you make working at a bank?

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A bank worker can earn between $25,000 to $80,500 depending on the position, level of experience and location. There are many bank positions available ranging from bank tellers and service clerks to loan officers and bank managers. The median salary for a bank teller, according to the Bureau of Labor Statistics, is $36,310, whereas a loan officer’s median pay is $63,380.

How to get a job in finance with no experience

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Although the finance industry is highly competitive, there are many entry-level finance jobs and internships for recent graduates and applicants with little or no experience. As with any job, it’s important to write a resume that showcases your unique skills, abilities and educational preparation. Do note that most financial institutions prefer candidates with a finance degree or in related fields. Completing additional professional and industry-specific certifications can also help you stand out from other candidates when applying for a job in finance.

Summary of Money’s best paying jobs in finance

  • The highest-paying finance jobs includes financial managers, financial system directors, actuaries, economic analysts, personal financial advisors, management analysts, financial analysts, financial examiners, budget analysts, accountants and auditors.
  • Most, but not all, finance jobs require a degree in business, finance, accounting or other related fields as well as career-specific certifications.
  • Financial professionals can earn between $44,500 to $97,000, with some top earners earning $150,000 or more a year.
  • The national average salary for financial professionals is $73,284.
  • According to the Bureau of Labor Statistics, occupations in the financial industry are projected to grow 8% and generate about 750,800 new jobs through 2030.

 

+ 7% at the expense of the regions / Habr

Every six months, we at Habr Career collect and analyze the salaries of IT specialists, and then we tell you what has changed and how much IT specialists are now receiving.

It’s time to sum up the results of the second half of 2022: for this study, we analyzed more than 10,000 salaries of IT specialists, compared them by city, specialization, language, company, and now we tell you what happened.

UPD: We looked at the salaries of developers in the context of qualifications and programming languages ​​in the second half of 2022, all the details were published at separate study .


The median salary of IT specialists is now 150,000 ₽, which is 7% more than in the first half of 2022 , when salaries did not increase for the first time in five years. In short, about salaries in cities, most of all IT specialists are paid in Moscow – 180,000 ₽, in second place is the median salary in St. Petersburg – 150,000 ₽. In the regions, specialists receive an average of 121,000 ₽.

What is the median salary?

The median salary is like the average, but more accurate. This is the level above and below which the same number of workers receive income. That is, suppose the median salary in a group of ten people is 100,000 ₽, which means that five people receive less than 100,000 ₽, and five receive more.

Below we look at the salaries of IT specialists in the context of

Where do we get salaries? They are available anonymously at

salary calculator on Habr Career. The calculator calculates the current level of income, taking into account specific specializations, qualifications and a stack. You can log in at any time and check whether you are currently receiving a salary below or above the market. → Check your salary


IT salaries by cities

Median salaries of IT specialists in Moscow and St. Petersburg remained at the level of the first half of 2022 — 180,000 ₽ and 150,000 ₽ respectively. In the regions, the total median salary increased by 1% to ₽121,000. Below is a detailed graph with medians by city.

Growth
Chelyabinsk (+25%) saw the most noticeable increase in the salaries of IT specialists. Salaries also increased in Volgograd (+17%), Novosibirsk (+13%), Voronezh and Kazan (+9% each).

Decrease
Wages decreased in Rostov-on-Don (-1%), Ufa (-5%), Omsk (-7%), as well as in Krasnoyarsk, Nizhny Novgorod and Samara — by 8% in each city .

No change
Salaries have not changed in Moscow, St. Petersburg, Yekaterinburg and Perm for half a year.

Salaries in IT by specialization

In each study, we repeat that for us, IT specialists are not only developers, but also those who are somehow involved in the creation of IT products. Among them are testers, managers, designers, marketers and others. We take into account salaries in all these specializations when we collect research. And now we will tell you in detail about the changes in each.

Growth
The most noticeable increase in salaries in the last half of the year was for support employees (+18% due to salary growth in this specialization in Moscow and St. Petersburg) and marketing (+16% due to growth in St. Petersburg and regions ).

Decrease
Analysts (-1%), testers (-2%) and information security specialists (-3%) began to earn less.

No change
The only specialization in which wages have neither risen nor fallen is design.

The vacancy that is currently offering the highest salary among all on Habr Career is Senior Android developer (Java + Kotlin) at Anon . Fork starts from $6,000. If you want to be on time – respond here !

Details of salaries in specializations

The graphs below will be slightly different from the previous ones: you will see three marks on them: the first is the 10th percentile, in the middle is the median, the last is the 90th percentile.

What is a percentile?

The 10th percentile is the mark below which only 10% of salaries are found. The 90th percentile, respectively, means that 90% of salaries are less than or equal to this value. We can conditionally look at these figures as the minimum and maximum wages in the specialization.

Analyst salaries

Detailed schedule

Designers salaries

Detailed schedule

Quality specialists salaries

Detailed schedule

Operations specialists salaries

Detailed schedule

HR salaries

Detailed schedule

Marketing salaries

Detailed schedule

Salaries of directors, products and projects

Detailed schedule

Salaries of developers

Data broken down by 90, 75, 25, 10 percentiles can be found here 9 0003

Growth
Salaries of 1C programmers have grown the most — by 15%, up to 150,000 ₽.

Decrease
Systems engineers were the only ones among developers whose salaries fell in the second half of 2022 – their median salary decreased by 17% due to a strong decrease in salaries in St. Petersburg and the regions.

No change
Median salaries have not changed in game development, and also for full-stack, desktop and web developers.

Salaries of developers by programming languages ​​

Compared to the first half of 2022, the top three leaders in this section have not changed, although the median salaries have grown: Objective-С (260,000 ₽), Elixir (253,000 ₽) and Golang (250,000 ₽ ).

Salaries in Ruby took the fourth place — 238,000 ₽. And Swift, with a salary of 220,000 ₽, took fifth place, overtaking Scala (200,000 ₽).

Growth
The median salaries grew most noticeably among those who code in Delphi (+28%) — up to 166,000 ₽, in Go (+22%) — up to 250,000 ₽, and in Ruby (+19%) — up to 238 000 ₽.

Decrease
Salaries of specialists decreased in Scala (-1%), and in C and Java – by 5 and 3% respectively.

No change
Salaries in the second half of 2022 have not changed in JavaScript and C++.

Salaries for IT companies

Most of all, IT specialists were paid in AVITO — a median of 261,000 ₽ (+4% compared to the first half of 2022). Also among the leaders are Innotech (260,000 ₽), Luxoft (260,000 ₽), SberMarket Tech, Alfa Bank and VK — with a median of 250,000 ₽ in each company.

Luxoft has not been operating in the Russian market since May 2022

We traditionally add the salary of freelancers to the salaries of specialists in IT companies – compared to the first half of 2022, it increased by 20% and amounted to 100,000 ₽. And the salaries of those who work as an individual entrepreneur increased by 23% – up to 130,000 ₽.

Methodology

This is our eleventh study of IT salaries. Previous reports can be viewed here: 1;

  • first half of 2020 and second half of 2020;

  • first half of 2019 and second half of 2019 ;

  • first half of 2018 and second half of 2018;

  • Second half of 2017.

  • The report for the second half of 2022 is based on data from 10,084 specialists. We indicate in rubles the amounts that IT specialists receive in their hands, minus all taxes. To make the data more accurate, we specifically cut off the 1% of the highest and 1% of the lowest salaries.

    We wrote about how to use the salary calculator and how salaries are calculated at this help article .

    Briefly about the main

    For convenience, we summarize the results of the study of salaries in the second half of 2022.

    • The median salary in IT in the second half of 2022 is 150,000 ₽, which is 7% more than in the first half of 2022.

    • The median salary in Moscow is 180,000 ₽, in St. Petersburg – 150,000 ₽, in other regions – 121,000 ₽.

    • Among specializations, salaries grew the most in support (+18%) and marketing (+16%).

    • Software architects earn the most of all other developers – 300,000 ₽, HTML layout designers earn the least – 55,000 ₽.

    • The salaries of 1C-programmers (+15%) increased most noticeably in the first half of the year, while those of system engineers decreased (-17%).

    • The highest paid languages ​​are Objective-C, Elixir, Golang, Ruby, and Swift, and the lowest paid are C.

    • If we talk about salaries by language, then the salaries of Delphi developers grew the most (+28% ), and decreased among specialists in C (-5%).

    • IT professionals earn the most at AVITO (261,000 ₽), Innotech and Luxoft — 260,000 ₽ each.


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    how to develop in budgeting and grow income up to 115,000 ₽

    This text was written in the Community, it retains the author’s style and spelling

    Anonymous

    Salary

    Started with 15,000, now 115,000, sometimes there are bonuses. For the first 3.5 years, the salary increase was gradual up to 50,000. But 2 years ago I changed jobs and over the entire period of work there, the salary increased by more than 2 times.

    Professional path

    Work experience — 5.5 years. It so happened that the experience was continuous. Upon dismissal, the next day she went to a new job.

    The school was with a focus on English, after the Olympiad in mathematics got into the Higher School of Economics at the Faculty of Economics. Having received a bachelor’s degree, I already worked for half a year, but I needed to think about a master’s degree, in fact, so that if only there was a “crust” and life would not suddenly have to finish my studies. Thus, my choice fell on MIIT – distance evening education, faculty of economics. With this option, I worked without problems.

    Started working as an accountant. At my current job, I perform the functions of a chief accountant. Now I am gradually moving from accounting to finance, financial planning, budgeting, financial monitoring, analysis, etc. inside the company. When dealing with a new kind of activity, there is less desire to participate in accounting. And most likely, when changing jobs, I will look for a place in this direction.

    What helped my career

    I think that a good education influenced me, but not the places where I gained experience. After graduating from high school, I did not go to a well-known company, but followed the path of a student at an ordinary university. But I had a desire to develop, I read the information myself, read the code, googled. And thus, I relatively quickly began to understand the reporting.

    Responsibility, diligence, an analytical mindset, the presence of logic – greatly influenced the result of the work. Having a rather small salary, I often overworked, because my main task was to gain experience. And they noticed me. Thanks to this, I am now at this job.

    Important events

    My boss at that time hunted me down, and we left for another project, where both income and knowledge began to grow.

    Strategy for the future

    It turns out that I spend a lot of time at work, and sooner or later I will need to change something in order to have time for my personal life, and later for my family. I hope that I can do it without loss of income.

    Since there is no family or children now, I try to invest as much as possible in my work in order to become an excellent specialist, and in the future there were no problems with finding a suitable job for me at any period of my life.

    And of course, I want to maximize my current income in order to achieve passive income or savings for a more painless maternity leave.

    If possible, I would like in 10-15 years not to depend on the amount of earnings and to work just for fun.