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Best Paying Jobs in Finance and Consumer Services What types of jobs are available in the financial and consumer services industry? There are many different types of jobs in this field, but what are the salaries?
In this article, you’ll learn everything you need to know about the top 15 best paying jobs in finance consumer services, based on recent polls.
What is a Financial or Consumer Services Job?
A financial or consumer service job is a well-paying job that involves providing financial products, services and/or advice to clients.
The highest paying financial and consumer services jobs are often titles like: Certified Financial Planner, Investment Banker, Personal Financial Advisor, Stock Broker, Wealth Manager.
What types of financial and consumer services jobs are available?
There are many different types of financial and consumer services jobs. Some of the most common are:
– Banking: Banking jobs include tellers, loan officers, and branch managers.
– Investing: Investing jobs include stockbrokers, investment bankers and financial analysts.
– Insurance: The insurance profession includes insurance agents, insurance companies, and claims adjusters.
– Real Estate: Real estate jobs include brokers, brokers and appraisers.
– Consumer Service: Consumer service jobs include customer service representatives, salespeople, and marketers.
When looking for financial consumer services jobs, keep the following in mind:
When looking for a job in the consumer services field, it is important to consider all of your options and choose the one that works best for you. Here are some things to consider:
Skills and Qualifications
your education level
your field of study
Personality Traits
Place
Salary and Benefits
working environment
Overview of the best paying jobs in finance and consumer services
There are many different types of jobs in the financial and consumer services industry, each with its own pay scale. Here’s an overview of some of the highest paying jobs in financial and consumer services:
- Investment Banker
These professionals work in the securities industry, helping corporations and governments raise capital by underwriting and selling stocks and bonds. Their salaries typically range from $100,000 to $250,000.
- Hedge Fund Managers
These professionals manage investment portfolios for high net worth individuals and institutions. Their salaries typically range from $500,000 to $1 million.
- Private Equity Investors
These professionals invest in private companies, often in order to take them public or sell them to larger companies. Their salaries typically range from $250,000 to $750,000.
- Commercial Bankers
These professionals work in the banking industry, helping companies fund their operations through loans and other financial products. Their salaries typically range from $75,000 to $200,000.
- Insurance Manager
These professionals work in the insurance industry, helping businesses manage risk and prevent potential losses. As of 2022, the median annual salary for insurance directors in the United States is $57,222 per year
- Loan Officer
Loan officers are responsible for approving or denying loan applications from any individual, business or organization. They usually work in banks, credit unions, or other monetary institutions. Loan officers should be able to review financial data and make informed judgments quickly.
The median yearly salary for loan officers is $63,010. The top 10% of earners make an average of $104,000 a year. In addition to base salary, loan officers receive bonuses and commissions. Loan officers typically require a bachelor’s degree in finance or a related field.
- Financial Analyst/Consultant
As a financial analyst, you will be responsible for providing financial analysis and advising clients. You must have powerful analytical and problem-solving skills. If you’re looking for a challenging but well-paying job, consider becoming a financial advisor. These professionals typically earn an average of $140,000 a year, nearly double what they were five years ago. According to Forbes magazine, many people are willing to pay top dollar for financial advice, making it one of the best jobs in finance right now.
- Accountants
If you’re good at numbers, enjoy interacting with people, and want to earn a decent salary, tax preparation might be for you. According to one report, accountants earn an average of $41 an hour. It also helps accountants’ career opportunities increase by 24% between 2012 and 2022.
- Market Research Analyst
In 2014, Glassdoor data showed that the average annual salary of a market research analyst was $80,890. The mission is to identify and solve key business problems to help companies make better-informed business decisions. Market research analysts usually hold advanced degrees, such as a master’s degree or an MBA (Master of Business Administration). However, some entry-level jobs may only require a bachelor’s degree in market research.
- Commercial Agency
The highest paying jobs in finance and consumer services are sales representatives. Companies hire sales representatives to sell products or services directly to customers. While independent contractors can be hired, most sales reps must be employed by a company to sell their products. These jobs pay well because people buy from you, not work for you; importantly, they feel they are spending their money wisely.
- Financial / Mortgage Brokers
Mortgage brokers earn an average of $73,000 a year, much more cash than bank employees bring home. If you’re looking for a job that will give you hands-on experience with consumer credit, it might be worth checking out a mortgage broker job.
- Credit Counselor
Average salary of $37,033: While loan officers do not directly deal with financial or consumer goods, they provide valuable services to individuals and businesses. Working as a credit counselor requires good communication skills to ensure clients understand the advice they receive. Since many of these advisors work with borrowers who default on their loans, these professionals also need strong conflict resolution skills to stay calm when dealing with unhappy clients.
- Claims adjuster
The average annual salary for claims adjusters is $54,220. Claims adjusters review insurance claims and inform policyholders of their options.To become a claims adjuster, you need a legal education, as well as education specifically designed to train you in claims work (eg: an associate’s degree from an insurance school).
- Customer Service Representative
On average, customer service reps make $20 an hour. While entry-level jobs typically pay around $8 an hour, high earners earn around $11 an hour. Salespeople who work in accounting make an average of $37,250 a year; those who work for computer systems design services companies make an average of $55,600. Bids for health services pay agents working there an average annual salary of $34,450.
- Insurance Agents
Most insurance agents work for insurance companies, but some may be employed independently. They usually sell one or more types of insurance, such as life, health, auto, and property insurance. Insurance agents regularly receive commissions from insurance companies for each contract they represent. Some specialists also receive incentives based on the number of policies they sell.
Pay Outs
There are literally hundreds of different jobs in financial and consumer services. So which pays the best? Here’s a list of the best paying jobs in finance and consumer services, according to salary data from the U.S. Bureau of Labor Statistics.
- Financial managers: $126,660 per year
- Personal Financial Advisor: $90,530 per year
- Loan Officer: $64,660 per year
- Insurance agents: $57,910 per year
- Accountants and CPAs: $57,430 per year
- Credit analysts: $54,010 per year
- Budget Analyst: $53,880 per year
- Chief Financial Officer: $51,870 per year
- Regulatory Compliance Officer: $50,380 per year
- Tax inspectors and tax collectors: $49,700 per year
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