What industry makes the most money?

The investment banking and securities dealing industry makes the most money. You can find average weekly wages at $6,764, and average annual compensation at $351,715 in this industry.

Investment banks provide a wide variety of financial services. These include:

• Trading

• Research

• Underwriting

• Advising on mergers and acquisitions.

Investment banks earn a lot of money by collecting commissions and fees on underwriting new issues of securities through stock IPOs or bond offerings. They can also serve as asset managers for their clients, increasing the amount of money that can be earned in the industry they operate in.

Here are some of one most influential investment banks:

• JP Morgan Chase

• Goldman Sachs

• Bank of America

Here are some common jobs in the investment banking and securities dealing industry

• 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 in going 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.

• Stockbroker

A stockbroker is a financial professional who handles securities transactions for clients. This includes the buying, trading, and selling of stocks. Generally, they look over their various clients' stock portfolios and give them expert advice on the appropriate times to buy more stocks, or sell or trade their stocks.

Stockbrokers utilize stock market research to determine how to increase their clients' wealth through these transactions. They meet with their clients in person or over the phone to confirm stock prices before any transactions are made.

Stockbrokers work for large financial firms on Wall Street, but also for smaller firms, or independently throughout the country.

• Asset manager

An asset manager is a financial professional who seeks to aid an investor in gaining more money. They advise and manage a client's investments. This includes things like stocks, bonds, mutual funds, EFTs, and other investments.

Their primary objective is to help a client increase their wealth by determining what investments are the best options for a particular client. They may also assist in asset allocation or choosing how to divide a client's investable assets in different asset classes.

Asset managers typically have bachelor's degrees and many have advanced degrees in finance, economics, or another related field.