As you know, banks are institutions that manage and moderate money and financial dealings. Today, many people study well to find an opportunity among high paying bank jobs and work in the banking industry. Indeed, banks are always looking for qualified employees, but I have to add that they offer competitive salaries and benefits. If you want to know more about the best paying jobs in major banks, how many jobs are available in major banks, and if major banks have a good career path, keep reading until the end.
What Is The Major Banking Industry?
Before I introduce the best high paying bank jobs and talk about how many jobs are available in major banks, you might like to know what the Major Banking Industry refers to. Generally speaking, the banking industry includes all businesses, institutions, and organizations which help individuals and companies store, invest, and organize all financial terms. And the major banking industry especially consists of commodities, such as retail banks, commercial banks, wealth management firms, investment banks, and corporate banks, where you will find the best paying jobs in major banks.
How many jobs are available in major banks?
The best point about a career in banking is that you can choose your favorite position among a wide range of banking job titles. Here, I will introduce the top five banking jobs, which might fit your interests, skills, and education level.
- Financial Analyst: This position is one of the most important positions in major banks, in which you help businesses or individuals make investment decisions.
- Personal Financial Adviser: As a personal financial adviser, you help people handle their money to fulfill their short- and long-term goals.
- Relationship Manager: As a professional in this field, you work on developing and maintaining customer relationships.
- Accountant: This job is one of the most well-known financial positions, in which you should analyze, plan, and evaluate business expenses and income.
- Auditor: Auditor is another popular position in a major bank, in which you have to review accounting records, providing precision and compliance with laws and state and federal laws.
Top 15 best paying jobs in major banks (+Salaries)
Previously, I have explained how many jobs are available in major banks and if major banks have a good career path. Now I want to introduce the 15 best paying jobs in major banks.
- Internal auditor: If you want to work as a bank’s internal auditor, you should be a real reviewer and researcher who examines a bank’s finances. And if you choose this job, you will earn about $82,534 per year.
- Portfolio manager: A portfolio manager is someone who helps customers how to share money across many investments. This option is among the high paying bank jobs, in which you can averagely earn $114,671 in a year.
- Bank manager: As a bank manager, you will have one of the best-paying jobs in major banks, and you have to handle the day-to-day operations of a branch by earning $96,910 per year.
- Credit analyst: In this position, you have an important role in the approval of loans to people and corporations, and you will earn $49,262 per year.
- Asset managers: Be sure that asset management is one of the best-paying jobs in major banks, in which you have to manage the portfolios of high-net-worth customers, and you can earn $85,814 per year.
- Mortgage Advisor: As a mortgage advisor, you have to guide property buyers through the mortgage procedure. It is among the best high paying bank jobs, in which you will earn $68,487 per year
- Loan consultant: Loan consultant, which is one of the most popular fields in the banking industry, provides a job opportunity for consultants who evaluate a client’s financial information and decide whether to make a loan offer. While this job is counted among the best paying jobs in major banks, if you choose to work in this position, you will earn about $38,876 per year.
- Financial analyst: In this position, you have to examine the economic performance of an organization. In this position, you will normally earn about $83,660 in a year.
- Fixed-income analyst: A Fixed-income analyst estimates the value of the underlying securities and provides investment recommendations to keep track of their improvement. And I should add that this job’s employees usually earn $98,466 in a year.
- Equity Trader: This is the next option among the best paying jobs in major banks, in which you should act on behalf of the bank and its customers by buying and selling stocks, options, commodities, futures, and derivatives. Also, I should add that in this position, you will averagely earn $82,925 in a year.
- Equity Analyst: This position is similar to an Equity Trader position, and as a lucky employee, you will earn $82,925 in a year.
- Bank relationship managers: If you want to work as a relationship manager in a major bank, you have to directly work with clients to identify the best products and services, and you will earn about $67,563 in a year.
- Investment banking analyst: As a professional in this position, you can work in the infrastructure industry, which includes transportation, utilities, energy, and telecommunications. The professionals in this job usually earn $91,198 per year.
- Budget analyst: This is a must-have position in every banking or finance institution. In this position, you have to work on how to spend money and deal with essential expenses in the most efficient way possible. And you can earn about $77,813 in a year.
Forex Traders: You can not find even one major bank without a skilled set of forex traders working with them. These professionals make money by buying and selling foreign currencies. While the salary of this position can be so variable, they will averagely earn $80,601 per year.
Also in: “Best Tech Companies to Work For” are the best technology jobs, if you are interested.
Is major banks a good career path?
There is no exact answer to this question because not all people think the same. But the general answer is yes. Based on the reports, most people who work in major banks believe they are working on a good career path. If you have a passion for all things banking and finance, it means working with a major bank could be a great career for you. Keep reading and learn more about the best paying jobs in major banks.
What Do Major Banks Jobs Pay?
While we are here to talk about the best-paying jobs in major banks, this is a general question, and I can not say an exact answer. Here, I have to state that there are many different types of jobs available in major banks and banking jobs, which you can read below. So, the amount that each major bank job pays would be different. For example, the average salary for a controller is $116K+, this salary for an auditor is $70K+, and the average salary for a teller in a major bank is $30K+.
What are the Skills Required for Banking Jobs?
Is major banks a good career path? Before answering this question, let’s see what are the required skills for banking jobs. You might hear a lot that “major banks have a good career path”, but who can achieve this position? Below is a list of the most important skills you have to gain if you want to find a job in a major bank.
Is major banks a good career path? Before answering this question, let’s see what are the required skills for banking jobs. You might hear a lot that “major banks have a good career path”, but who can achieve this position? Below is a list of the most important skills you have to gain if you want to find a job in a major bank.
- Analytical skills: This is an essential skill, which helps you to identify trends, patterns, and definitive conclusions from the reams of data.
- Attention to detail: This ability means a keen eye for detail, and makes you able to notice particular trends or activities that nobody else has.
- Determination: We believe that this factor is one of the most important abilities because banking is an extremely ruthless and competitive environment.
Stress management: Long working hours, extremely high-pressure environment, and the huge weight of expectations on you to perform will not be possible without stress management skills.
Where to find the best paying jobs in major banks?
Previously we answered the question “is major banks a good career path?”, and you have read all details about the best paying jobs in major banks, and how many jobs are available in major banks. Now, you might wonder how to find one of these best paying jobs in major banks. As you know in today’s digital world, you can find many job opportunities from your home and through the internet. Here, I want to mention some websites, where you can search online and find your favorite job in a major bank, such as LinkedIn, Indeed, SimplyHired, and Association for Financial Professionals.
FAQ:
- Which bank pays the most as a banker?
In the U.S., Gold Sach Bank, Bank of America (BofA), American Express Amex, Capital One Financial Corporation, and Morgan Stanley are among the top 5 banks, where you can find high paying bank jobs.
- Bank jobs that pay well without a degree?
If you are looking for high paying bank jobs without a degree, you can try to work as an accounting assistant, personal banker, bank teller, payroll specialist, bill collector, and like this.
- Which degree is best for bank jobs?
To get a premium position among the best paying jobs in major banks, it is good to have an MBA degree, bachelor’s degree in business, finance degree, or something like this.
- Do banking jobs pay well?
Answering this question is not easy because it might change from person to person but generally speaking, this industry provides high-paying jobs, especially for outgoing, and analytical individuals.
Conclusion:
Are you looking for a high-paying job? Have you ever wished to work as an employee in a major bank? If so, you should know that you can widely search for the best paying jobs in major banks. The above text would be a complete guide for you, where you can read the most important points about this industry’s job opportunities, how many jobs are available in major banks, and how much you can earn in these high paying bank jobs.
