Best Paying Jobs in Major Banks (2023)

The banking industry is stable and offers many opportunities for career growth, making it a leading field to build your career. Banking is a service-based industry, so customer service skills are essential. It's also worth noting that not all banking-type jobs are found in actual banks, so you can find exactly what fits your interests in almost any industry.

These positions can be accounting-focused or finance-focused. They tend to require high aptitude in math, analytical skills, and problem-solving. Let's review the top five paying jobs in major banks to see what might be a good fit for you.

Personal finance advisors have duties that can act as the foundation for a suite of different opportunities. If you are customer service-oriented and enjoy finding solutions for others, this might be for you.

What It Is

A personal finance advisor works with clients to set up financial plans. Their focus is investment strategies, insurance planning, retirement and pension planning, tax planning, and estate planning. If you were a financial advisor, you would evaluate your client's assets and liabilities and help them establish a plan to protect and grow their assets.

Required Education

You will need a bachelor's degree and additional training or certifications to be a financial advisor. Some training is provided by major banking institutions, while others can be achieved through higher education.

Expected Salary

The median salary for a personal finance advisor was $94,000. If you are starting fresh as a finance advisor, expect to start around $50,000.

Job Growth

The banking industry will see this role grow by 15%+ over the next ten years. This substantial growth makes this a great field for you to consider.

The management analyst brings business expertise to a variety of companies. You will demonstrate management knowledge and process improvement skills.

What It Is

The management analyst role is a good fit if you have good process improvement skills. They improve business operations by evaluating procedures, systems, and organizational structure. They make recommendations and develop plans to improve these operational components.

Required Education

A management analyst will have a bachelor's degree in business or a related discipline. They may have additional certifications such as project management, organizational leadership, or an MBA.

Expected Salary

You can make $93,000 on average with this career. Entry-level positions average $56,000 annually.

Job Growth

Management analyst roles will increase in demand by 11%. It is a steady field for you to consider.

If you have an eye for detail and are curious about researching how transactions are completed, the financial examiner could be your role.

What It Is

A financial examiner is a type of auditor that reviews investment and real estate transactions for compliance. They must have a strong understanding of the laws and regulations in their territory.

Required Education

You should have a bachelor's degree with some education in accounting principles, economics, and finance. High earners in this field may have a master's degree in finance or accounting. Certifications among financial examiners are the public accountant (CPA) or the certified internal auditor (CIA) credentials.

Expected Salary

The average salary for a financial examiner is $81,410. Additional certifications may increase earning potential.

Job Growth

The financial examiner is a good field for you if you're looking for security and a role that is in demand. This high-paying job is expected to increase by 21% by 2031.

Those in this role enjoy planning and managing funds. If you are an analytical person that is good with Microsoft Excel and making financial projections, the budget analyst is a good fit.

What It Is

The budget analyst helps organizations create financial plans to meet operational goals. They work with financial officers within a company to review current and past year spending and expenditures. If you're in this role, you will likely work in an office setting, or you may be able to work remotely.

Required Education

A bachelor's degree is needed to be a budget analyst. Your focus should be on finance or accounting.

Expected Salary

The average salary for a budget analyst is $79,900 annually. Entry-level budget analysts earn a little less, but the growth is quite rapid.

Job Growth

The job growth for a budget analyst role is steady at 3% over the next ten years.

An auditor is a great fit for anyone that loves numbers and understands accounting rules.

What It Is

An auditor works for corporations and government agencies. The auditor reviews accounting and other business transactions for compliance. They must have an eye for detail and thorough knowledge of Generally Accepted Accounting Principles. If you choose this role, you will work in an office environment and will likely have to do some traveling during peak seasons.

Required Education

Similar to a financial examiner, an Auditor must receive education in accounting. Auditors will have a bachelor's degree as well as additional training. Certification as a public accountant (CPA) or internal auditor also increases the chances of employment and promotion.

Expected Salary

The average salary for an auditor is $77,000 per year. Those with a CPA or CIA designation have a much higher earning potential. Plus, you could set yourself up to eventually become a CFO.

Job Growth

Auditors are in demand because of the importance they serve for businesses, especially as laws become more complex. This best-paying job is expected to grow 6% over the next ten years.

Recap

Banking is a great field to become a part of, especially if you can land a job at one of the major banks. They all require similar skills in accounting and finance and have steady growth potential for the next ten years. Here are the top 5 roles once again:

1. Personal Finance Advisor
2. Management Analyst
3. Financial Examiner
4. Budget Analyst
5. Auditor

So, which one is right for you?