Do finance jobs pay well?

Yes, finance jobs pay well. The finance sector is one of the highest-paid sectors in the United States. Jobs in finance often pay well, and certain roles and career tracks can pay extremely well.

The average salary for an entry-level position in the finance industry is $88,160 per year, and that's just for a newcomer to the industry. Those who work their way up can be paid six-figure and sometimes seven-figure annual salaries.

Here are some jobs in the finance industry and their average annual salaries:

• Investment banker

An investment banker assists companies and organizations in increasing their profits. They can issue stocks and bonds to help clients raise capital. They also process different financial transactions like purchasing, selling, or trading stocks.

Investment bankers also offer clients and companies expert advice on big financial decisions, such as company mergers and acquisitions. In addition, they are also instrumental in assisting a company go public in an initial public offering (IPO). This is a set amount of stock a company offers to the public when it launches.

Investment bankers often hold advanced degrees in business, finance, and economics.

The average salary of an investment banker in the United States is $89,566 per year.

• Financial consultant

A financial consultant is a professional that helps an individual or company build wealth. This includes how to navigate certain tax codes and find areas in the tax law where clients can ultimately save money or even see a return.

A financial consultant's main objective is to help their clients with developing comprehensive long-term financial strategies to increase their wealth. They are heavily involved in the buying and selling of investments. And turning complicated financial concepts into actionable strategies.

Financial consultants tend to have a bachelor's or advanced degree in finance, economics, accounting, or other financial disciplines.

The average salary of a financial consultant in the United States is $91,944 per year.

• Chief investment officer

A chief investment officer or CIO is a high-level executive at a company or corporation who is in charge of investments. Their aim is to develop and communicate investment strategy, manage and develop the investment team, and supervise the investment process.

Chief investment officers often hold advanced degrees in finance, economics, or another related field.

The average salary of a chief investment officer in the United States is $180,683 per year.

• Financial advisor

A financial advisor helps clients understand their current financial situation. A financial consultant's main objective is to help their clients with developing comprehensive long-term financial strategies to increase their wealth. This includes how to prepare clients for tax time, and ultimately save them money.

They are also heavily involved in the buying and selling of investments. And turning complicated financial concepts into actionable strategies.

Financial advisors usually have a bachelor's degree or an advanced degree in finance, economics, accounting, or another related area. The average salary of a financial advisor in the United States is $74,486 per year.