There are more than 50 best paying jobs in finance consumer services that I would love to show you. The finance consumer services industry is one of the fastest-growing sectors in the world, and it’s not hard to see why, if not, why not? The sector offers various careers, from accountancy and banking to marketing and customer service which becomes easy to find some of the best paying jobs in finance consumer services at all levels.
If you’re looking for a career at the cutting edge of the world’s financial markets, then working in finance and consumer services is your job. This industry offers a variety of job opportunities for both experienced and no experienced. It doesn’t matter the scale at which you intended to operate in. It might be to help a client fill out a document or direct them to the right company to complete a particular transaction. The opportunities are endless.
As well as being lucrative, this work can be very rewarding and interesting. If you’re interested in working in finance but don’t know where to start, here are some of the best paying jobs in finance consumer services to begin with.
What Is Finance Consumer Services?
Finance consumer services is a compound phrase that has endless meanings to the term. It has numerous different kind of jobs in the industry that allows both entry-level and experienced associates to find a job in any sector.
Finance consumer services can be offered in the banking sector, real estate, Oil and Gas, and the list continues like that. Examples of jobs in finance consumer services include financial advisors, Financial software developers, financial analysts, etc.
Finance is a top-paying industry with an average salary of $86,000 to as high as $329,000. These professionals work in various fields, including banking, investment, and insurance. The top 10 percent earn more than $170,000 per year, while the bottom 10 percent earn less than $50,000 per year.
In a study by Glassdoor, financial services and insurance was the highest-paying industry in the U.S. in 2019. It was one of the only industries where salaries were increased between 2018 and 2019.
The average base salary for a financial advisor is $94,170, nearly double the average American worker’s salary of $48,320 per year, according to the Bureau of Labor Statistics (BLS).
Many factors determine your paycheck, including experience level, company size, and location — but there are also some unique aspects of working in finance that can be worth looking out for when considering your options.
The finance and consumer services sector is broad and includes a wide range of jobs: The industry is divided into three main sub-sectors: financial services, insurance, and banking.
Top Best Paying Jobs in Finance Consumer Services ($86,000 – $320,000)
Below are the highest-paying jobs in the finance and consumer services industries that pay from $86,000 to $320,000 annually.
1. Chief Financial Officer (CFO)
Chief Financial Officer is one of the besting jobs in finance consumer services. This career path pays as high as $158,000 per annum even with less experience. CFOs manage an organization’s finances, including budgets, accounting, and financial planning. They also handle legal aspects of business transactions, such as mergers and acquisitions.
The average salary for a CFO is $158,000 per year and can be higher depending on your experience level and position within the company or organization you are employed.
2. Financial Advisor
Financial Advisor is one of the best paying jobs in finance consumer services field. A financial advisor provides advice on investments, insurance policies, retirement plans, and other financial products.
This can include everything from helping clients set up retirement accounts or find suitable insurance coverage to providing guidance on how to invest their money more effectively.
The pay for these positions varies widely depending on the firm where they work, but average salaries range from $51,000 to $149,000 per year.
3. Chief Investment Officer (CIO)
A CIO is responsible for all an organization’s investment activities, including investing money into stocks or bonds and managing risks associated with these investments. According to Simply Hired, a CIO’s average salary is $145,000 per year.
This job position is required at bigger companies and the experience level is very high. You might need additional professional qualifications to get a chance.
4. Securities Trader or Sales Agent
Securities trader is another best paying job in finance consumer services field. This job role is high in demand and the availability of qualified agents is few.
This job requires an associate’s degree or higher in finance, business administration, or a related field, as well as several years of work experience in securities trading or sales. According to PayScale, securities traders earn an average salary of $162,000 yearly, while sales agents make $145,000 annually.
5. Financial Analyst
A financial analyst is another one of the best-paying jobs in finance consumer services that can pay you up to an average of $89,000 annually. Financial analysts perform research and analysis on financial markets to help companies decide their investments. They also forecast trends in the financial markets and advise management on how to use available funds. Financial analysts may specialize in a specific industry, such as healthcare or manufacturing, or particular types of investments, such as stocks or bonds.
They often have advanced degrees in business administration (MBA) or finance, though some companies hire individuals with bachelor’s degrees in economics or other relevant subjects. Financial analysts are paid an average annual salary of $89,210 per year in the finance consumer services field.
6. Banking Officer
A banking officer works for a bank or financial institution as part of a team that handles daily customer accounts and transactions. They may also be responsible for providing customer service and resolving customer issues with their accounts.
Banking officers typically earn between $47,000-$75,000 per year, depending on where they work and how long they have been with their employer.
7. Accountants
Accountants are one of the best-paying jobs in finance and consumer services that earn a good income. Accountants are responsible for managing all financial information within an organization or business. They analyze data to help businesses make decisions about their finances, tax returns, and other issues related to money management.
Accountants typically need at least a bachelor’s degree in accounting or finance before they can start working as an accountant. However, some employers may offer internships or apprenticeships if you don’t have formal qualifications yet. It’s also essential that you have good maths skills as well as strong analytical skills. According to BLS, the average median salary of an accountant is $73,560.
8. Chief Compliance Officer
The chief compliance officer role (CCO) is high in demand and is currently one of the best paying jobs in finance consumer services sector. This job requires a trusted and reliable applicant.
A CCO is a senior-level job role in the finance consumer services industry that reports directly to the director, CEO, or BOTs. They ensure that the company is in full compliance with all applicable laws from every angle. This job role is mostly handled by high end experienced individuals.
An average salary of a Chief Compliance Officer is around $127,241 and up to $245,000 annually.
9. Credit Analyst
They also work with statistics and probability theory to calculate risk and uncertainty in insurance, healthcare, pensions, and even gambling. They use their expertise to determine insurance policy premiums and construct company pension schemes.
Their average annual salary is $107,950. It can go higher than that depending on the company you are working with.
10. Insurance Sales Agent
Insurance sales agents sell insurance policies to individuals or businesses, such as car insurance or health insurance. Their average annual salary is $68,940 (this may vary by state).
This job role although not the highest paying job in the finance consumer services sector but has a high demand in every state which provides more chances of getting a job.
Top Consumer Services Examples
The list of consumer services examples is endless, but if we are to take a short look at a few examples, Retail stores, specialty retail stores, restaurants, personal shoppers, hotels and suites, and miscellaneous retail stores are all examples of consumer services.
The consumer services industries in the United States are very popular and the job opportunities are endless. Even freelancers do make money on their own in the consumer services industries and the industry has some of the highest-paying jobs compared to others.
How do I get the Best Paying Jobs in Finance Consumer Services?
The best paying jobs in finance consumer service require a Bachelor’s degree or higher. Also, some require special professional certifications. You must check the particular aspect you are interested in and look at the requirements then ensure you meet all the requirements and you can then qualify to apply and get placed on the best paying jobs in finance consumer services.
What are the benefits of working in this field?
Working in this field includes competitive compensation packages, flexible work schedules, and opportunities for advancement.
Can I work from home?
Yes, you can work from home if you have a position that allows it. However, most positions require you to be on-site at least some days of the week.
What kind of education do I need to become a consumer services representative?
You don’t need any formal education to become a consumer services representative. However, some employers prefer candidates who have completed high school and have taken courses in business administration, marketing, or customer service.
Where can I find information about jobs as a consumer services representative?
You can search online using sites like Indeed and CareerBuilder. You may also be able to find listings at your local unemployment office.
In Conclusion
Finance and consumer service is a highly professional sector that requires you to get a degree at school and/or get specialized professional certifications. You will climb your career ladder faster if you can get a degree and the necessary professional certification.
