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5 Hot Careers in Financial Services

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Careers in Financial Services are some of the most challenging and rewarding careers. It is certainly one of the higher-paying industries and the last few years have seen renewed hiring and plenty of opportunities if you know where to look. If you are already working in financial services, thinking about moving into financial services or considering career opportunities, there are some hot careers that you should consider.

Careers in Financial Services are some of the most challenging and rewarding careers. It is certainly one of the higher-paying industries with plenty of opportunities if you know where to look.Click To Tweet

Compliance

  • What They Do –Compliance Officers oversee the Corporate Compliance Program, functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the organization.  Many of these are driven by regulatory requirements while others are considered “best practice”. They develop, initiate and maintain policies and procedures for organizations and its related activities to prevent illegal, unethical, or improper conduct.
  • How Much They Make – This, of course, depends on their background and experience. Many compliance officers are trained lawyers and, as such, will command higher compensations. Others who are career compliance may not make as much, but that varies as well. According to USnews.com, the median salary is approximately $60,740.  Salary survey here ==>> Compliance Officer
  • Education and Training Requirements – Most compliance officers have college degrees and, as indicated above, many of them are trained lawyers. Much, of course, depends on the role. You can find some of the requirements at the following link ==>>How to Become a Compliance Officer
  • Finding a jobjob search links ==>> Compliance Jobs

Risk Officer

  • What They Do –Risk officers are responsible for the governance and management necessary to identify, evaluate, mitigate, and monitor the company’s financial risk. Develops &/or utilizes financial risk management tools and practices to analyze and report on financial market risks. Monitors the organization’s financial risk management policies, and limits to ensure that they are in compliance with applicable regulations and industry standards.
  • How Much They Make – Compensation has a broad range, depending on the position responsibilities and level. The lower end is approximately $60,000 while management levels are in the mid to high $100,000 range. Salary survey here ==>>Risk Management Salaries
  • Education and Training Requirements – As with most of these positions, a college degree is a must-have (difficult without one). You can find some of the requirements at the following link ==>>Financial Risk Manager
  • Finding a jobjob search links ==>> Financial Risk Management positions

Asset Managers

  • What They Do –Asset managers offer financial advice to individuals, organizations, and corporations. While they generally work within a team that includes tax and estate planning professionals, they may also recommend investment portfolio solutions.
  • How Much They Make – According to glassdoor.com, the median salary is $75,000 and can go well above $100,000. Salary survey here ==>> Asset Manager Salaries
  • Education and Training Requirements – Generally speaking, you don’t start your career as an asset manager. You typically work your way up through an organization, providing support to asset management professionals with the goal of becoming one yourself. You can find some of the requirements at the following link ==>>How to Become an Asset Manager
  • Finding a jobjob search links ==>>Asset Manager jobs

Investment Banking analyst

  • What They DoAnalysts are typically hired directly out of college and start their careers in a training program.  Analysts are the lowest level in investment banking and generally do the bulk of the work.  They prepare presentations, complex analysis, industry/company research and perform administrative tasks.

“Careers in Financial Services are some of the most challenging and rewarding careers. It is certainly one of the higher paying industries and the last few years has seen renewed hiring and plenty of opportunities if you know where to look. If you are already working in financial services, thinking about moving into financial services or considering career opportunities”

Financial Auditor

  • What They Do –Financial auditors plan audits to assess internal control effectiveness, review compliance with applicable regulations, ensure standard accounting practices and corporate accounting policies are followed and provide recommendations that create greater efficiencies/controls in terms of operations and financial reporting.
  • How Much They Make – According to Recruiter.com, auditors generally earn between $48,000 and $72,000 depending on experience and industry.  Salary survey here ==>> Salary for Auditors
  • Education and Training Requirements – You can find some of the requirements at the following link ==>>
  • Finding a jobjob search links ==>> Financial Auditor jobs
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03/26/2024 05:06 pm GMT

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