Best Paying Jobs in Banking Sector with Salary

Banking jobs aim to uphold customer services and maintain internal financial procedures. By researching the banking job opportunities that match your salary needs and experience level, you can narrow down your employment search and start applying for jobs in banking.

What are Banking jobs?

Banking jobs are those within the financial service sector. These jobs typically involve working in conjunction with, or for, banks at the local, state or national level. These jobs can range in experience level and purpose, whether it be direct client services, bank security or insurance/loan-related services.

Types of Banking jobs:

Financial Manager

A financial manager prepares forecasts, business activity reports and financial statements for banks, non-profit organizations or businesses. They may supervise financial analysts and budget analysts. They ensure that all legal requirements are being met by monitoring financial details. They may analyze market trends to find opportunities and maximize profits.

• Average annual salary: $131,710 per year
• Required Education: Bachelor’s degree plus five or more years working in another position in the finance or business industry. 
• Number of Jobs: 730,800 in 2021
• Job Growth: 17% from 2021 through 2031.

Investment Banker

Investment bankers work for large banks that facilitate financing for large corporations or organizations. When a company “goes public” by issuing stock for the first time in an Initial Public Offering or IPO, an investment bank sets the price and manages the process. Investment bankers negotiate and execute these transactions.

• Average annual salary: $134,180
• Required Education: Accounting, finance, business administration or other related bachelor’s degree. 
• Number of Jobs: 115,365 in 2022
• Job Growth: 15% from 2019 to 2029.

Financial Analyst

Financial analysts evaluate current and past financial data to recommend individual investments and portfolios. They may examine financial statements to determine a company’s value, if it plans to go public, for example, or if it is an acquisition target.

When responding to a Performance Improvement Plan (PIP), carefully review the feedback, seek clarification, and create a detailed improvement plan. Express willingness to work with your manager and commit to progress.

• Average annual salary: $95,570
• Required Education: Typically requires a bachelor’s degree in finance, but a master’s degree in finance gives applicants better odds
• Number of Jobs: 373,800
• Job Growth: 9% from 2021 through 2031.

Financial Examiner

A financial examiner monitors the financial condition of a bank or other financial institution by reviewing financial documents like balance sheets, income statements and loan documents. They may also write reports on the financial soundness of an institution. A financial examiner may specialize in risk assessment (the financial health of the institution) or consumer compliance (ensuring fair treatment for borrowers).

• Average annual salary: $81,410
• Required Education: Bachelor’s degree
• Number of Jobs: 62,800 in 2021
• Job Growth: 21% from 2021 through 2031.

Credit Analyst

A credit analyst examines the financial information of businesses and individuals to determine the risk involved with lending money. The credit analyst will also prepare reports on credit information for making decisions.

• Average annual salary: $88,030
• Required Education: Bachelor’s degree in finance or business
• Number of Jobs: 65,761
• Job Growth: -4.94% over the next 10 years.

Auditor

Auditors examine financial statements to ensure they are accurate and compliant with applicable laws. They inspect the books and systems to ensure accounting principles are followed and look for signs of fraud. They assess financial operations, identify risks and challenges, and recommend reducing costs and improving profits. Auditors may inspect the bank’s own records and the records of the bank’s current and prospective customers. 

• Average annual salary: $77,250
• Required Education: Bachelor’s degree
• Number of Jobs: 1,449,800
• Job Growth: 6% from 2021 through 2031.

Securities and Commodities Sales Agent

Those who buy and sell securities, such as stocks, bonds and mutual funds, are often called “stockbrokers.” They may also trade commodities like gold, corn or even pork bellies. These financial professionals contact prospective clients to present information and explain available services. They offer advice and facilitate the purchase or sale of securities and commodities. To inform their recommendations, they will monitor financial markets and the performance of individual securities and analyze company finances. 

• Average annual salary: $62,910
• Required Education: Bachelor’s degree
• Number of Jobs: 466,900
• Job Growth: 10% 2021 through 2031.

Loan Officer

Loan officers evaluate loan applications and recommend approval of loans, including mortgages. They use financial information to determine if a prospective borrower is likely to be able to repay the loan as agreed.

• Average annual salary: $63,380
• Required Education: Bachelor’s degree plus around than five years of work experience in a related field. 
• Number of Jobs: 354,600
• Job Growth: 4% from 2021 through 2031.

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