15 Best Paying Jobs in Major Banks | 2022

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The financial industry is broad and quite lucrative. Even entry-level banking jobs are often well-paid. With a strong business background and excellent communication skills, you can get the best-paying jobs in major banks.

If you’re curious about major bank jobs, this article will share everything you need to know from job roles to salaries, and qualifications.

In addition, you can find a list of where to get high paying major bank jobs in the United States.

Those who read this article end up reading; 21 Best Passive Income Apps to Make Money in 2022

Are Major Bank Jobs a Good Career Path?

Yes, major banks are a good career part. The following are the benefits of a major banks career part:

Develop Professional Skills

A banking career offers you many opportunities for professional growth. It encourages continuing education and community service. More so, you gain a wide range of job experiences.

In addition, you develop a lot of other skills. Examples of such skills are trust, integrity, and responsibility. You also have the opportunity to develop accuracy as a professional.

See Other High Paying Jobs in 2022; 15 Best-Paying Jobs in Miscellaneous | 2022

Refined Social Skills

The banking job helps you meet people from different social backgrounds. You constantly meet and interact with established entrepreneurs and other professionals.

Your job role helps you render services and offer advice that improves people’s financial lives. As a result, it helps you sharpen your social skills. This profession literarily builds your confidence.

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Good Understanding of Investment Opportunities

Jobs in major banks also help you to improve your personal finance. Your basic role includes helping individuals and organizations save and grow their money.

Working in the bank gives you access to some of the best financial information. You learn a lot about investment opportunities. Consequently, this can help you make better investment choices.

Read Also: 15 Best-Paying Jobs in Basic Industries | 2022

What are the Skills Required for Major Banks Jobs?

The following are the skills required for major banks;

Problem Solving and Analytical Skills

Many banking jobs require problem-solving and analytical skills. Hence, you have to be good with calculations and numbers.

In addition, you have to know how to analyze information. This gives you an edge and consequently helps you deliver better job outcomes.

Sales skills

Most bank jobs require you to introduce new clients to the bank. Having the skills to convince them to use your product’s offerings is key.

In addition, you must have the ability to improve your customer base and help meet goals and objectives.

Communication Skills

You cannot dismiss the role of communication in any profession. As a bank worker, you must learn to communicate in a friendly but professional manner.  

More so, remember you interact daily with people from different backgrounds. Some of your customers might be educated or illiterate. Some might be poor and others rich. Hence, you need to learn to have excellent communication skills.

Customer Service Skills

If you must succeed in a major bank job, then acquire good customer service skills. You must learn to communicate with customers and solve their problems. In addition, you cannot do without patience and understanding.

Major bank jobs can be quite challenging, with both happy and angry customers coming in and out. Nevertheless, you need to ensure customer satisfaction and resolve their complaints.

15 Best-Paying Jobs in Major Banks

The following are the 15 best paying jobs in major banks

1. Equity Analyst

The basic role of an equity analyst is to provide detailed research reports on the stock market industry. Hence you must have in-depth knowledge of the market.

With this, you can help investors with major decisions on possessing, selling, and purchasing certain investments. As Equity analysts, you can work for financial firms and banks.

However, if you really plan on becoming an equity analyst, you might have to earn a higher education degree. Specifically, a Master’s of Business Administration would put you on the right track. The highest salary of an equity analyst is $190,000 a year.

2. Investment Banking Analyst

The job of an investment banking analyst is to build advice for financial sponsors. Investment banking analysts usually work within the infrastructure sector such as transportation, utilities, energy, and telecom.

In addition, they usually work across a variety of sectors and with diverse processes. Investment banking analysts might build financial models, carry out valuation, design research, and cooperate with financial and commercial counterparties. The base salary of an investment banking analyst is between $85k to $100 a year.

3. Equities Trader

Basically, an equity trader helps a firm to sell shares in the equity market. You can work in an equity company or in a bank.

In addition, you sell commodities and derivatives for your clients. You can also assist them to develop strategies and track market data. Your job includes predicting future market trends. Equity traders earn one of the highest salaries in major banks. The median pay for an equity trader is $133,808 a year.

4. Asset Manager

The duty of an asset manager is to trade, manage, and invest assets. You can manage capital, bonds, stocks, precious metals, commodities, and real estate for your clients.

They do not limit the job of an asset manager to a bank. You can also work in the precious metals industry. Check out 15 Best-Paying Jobs in Precious Metals in 2022.

As an asset manager, you will handle the portfolios of clients with a high net worth. More so,  it is your duty to help your clients meet their financial goals and reduce the risk of various ventures. You can sell,  consult, and provide customer service. The asset manager earns about $72,149 a year.

5. Credit Analyst

A credit analyst is a professional who gathers and reviews financial data about loan applicants. Your duties include analyzing clients’ payment habits and history.

Similarly, a credit analyst also analysis customers’ spending patterns, earnings, and savings. You would have to approve or deny a loan.

Finally, a credit analyst should earn at least a bachelor’s degree. Specifically, a background in finance, accounting, or other related fields should put you on track. Credit analysts earn up to $55,250 a year.

6. Internal Auditor

The duty of an internal auditor is to provide independent and objective evaluations of the company’s financial and operational business activities.

Specifically, your duty is to ensure that companies deploy proper financial processes and operate efficiently.

Generally, an entry-level internal auditor position basically requires a bachelor’s degree. Specifically, a business discipline such as accounting, finance, management, public administration, or computer information systems will get you up and going at a salary of $75,963 per year.

7. Accounting Manager

An accounting manager’s duty is to supervise accountants. In other words, you create systems and processes for analyzing and reporting financial information. The average base salary of an accounting manager is $112,820 a year.

If you’re planning to become an accounting manager, you can get full detail on How much can an Accounting Manager Make in 2022: Salary, Requirement & Job Roles

8. Branch Manager

A bank branch manager is among the best-paying jobs in major banks in the US. A bank manager typically oversees the operations of a branch of a bank or financial institution.

Your responsibilities include managing resources and staff. You’ll also be required to develop and attain sales goals, deliver customer service, and grow the branch’s revenues.

In addition, you’ll be in charge of the branch’s personnel and sell various financial products. Some of the products you sell include loans and savings accounts. Branch managers earn about $73,655 per year.

9. Mortgage Advisor

Mortgage Advisor jobs are among the best-paying jobs in major banks in the United States. A mortgage advisor helps clients find and apply for the right mortgage for them.

You need to have a broad knowledge of the mortgages available from different lenders. Hence you can search the market on your behalf and make recommendations based on their needs.

If you want to become a mortgage advisor, you’ll need to take a pre-licensure mortgage broker class. In addition, you’ll need to pass the National Mortgage License System (NMLS) test.

More so, it is important that you build relationships with real estate agents and other partners. Having experience in the industry is also necessary. The salary of a mortgage advisor is $114,421 per year.

10. Financial Analyst

A financial analyst job is one of the major bank jobs in the United States. The duty of a financial analyst is to evaluate the financial status of banks. Hence you would study the company’s historical financial data.

In other words, financial analysts guide businesses and individuals in decisions about expending money to make profits. In addition, you would require a bachelor’s degree in accounting, finance, or economics. However, experience in business finance would get you going. Financial analysts earn up to $73,725 per year.

11. Portfolio Manager

A portfolio manager monitors and manages business portfolio loans and determines how to expand those investments. As a portfolio manager, it is your duty to analyze the markets, business profits, and stock prices. Hence you can then decide how your customers’ money should be shared across many investments.

Aside from having a bachelor’s degree relevant to finance areas, you need to obtain experience in the financial industry. In addition, you should gain experience as an analyst. The highest pay of a portfolio manager is above $156,150 per year.

More so, earning a certification and licensure would boost your portfolio. You might also consider joining a professional organization or association.

12. Chief Financial Analyst

A chief financial analyst is responsible for analyzing current and past financial data and performance. In addition, you would be required to prepare reports and projections based on your analysis.

More so, you can evaluate current capital expenditures and depreciation as well as investment opportunities. You would always be required to establish and evaluate profit plans. A Chief Financial Analyst earns between $113,532 to $156,571 a year.

13. Relationship Manager

The role of a Relationship Manager is to carry out client relationship duties. You would be required to sign in new clients, and give personal financial advice and clients support.

In addition, relationship managers advise retail clients. However, you have to study their financial needs to suggest suitable financial packages and carry out all banking instructions. A relationship manager earns about $63,917 a year.

14. Foreign Exchange Analyst

The foreign exchange analyst role is one of the best paying jobs in major banks. A foreign exchange analyst is responsible for performing analysis in support of foreign exchange transactions on behalf of a bank’s clients.

In addition, your duties might include managing currency positions across multi-products to optimize overall funding. Foreign exchange managers can earn up to $66,724 a year.

If you want to become a foreign exchange analyst you would need a bachelor’s degree in economics, finance, or a similar area. In addition, you should have at least one year of experience working in the financial markets as an active forex trader.

15. Loan Officer

A loan officer acts as a liaison between applicants and financial institutions. In addition, you will ensure the eligibility of an applicant to proceed with loans.

It is also your duty to evaluate how creditworthy or not a person might be based on their history and current finances before recommending them for approval.

Lastly, if you want to become a loan officer, earn at least a bachelor’s degree, preferably in a business-related field such as finance, economics, or accounting. A loan officer can earn between $60,783 a year.

Where Can I Find Major Bank Jobs in the US?

The following is a list of where you can find US major bank jobs:

Association for Financial Professionals

The Association for Financial Professionals is headquartered outside of Washington, D.C. It is a professional society committed to advancing the success of treasury and finance members and their organizations. It has a job board under its career hub on its website. You can find jobs at major institutions listed on their website.

CareerBank

CareerBank offers the best-paying jobs in major banks. You will find major banks jobs in finance, accounting, and many more.

eFinancialCareers

eFinancialCareer is another platform to get the best-paying jobs in major banks in the US. You will find thousands of open positions in fintech, financial services, investment banking, and more.

FinancialJobBank

You can find major bank jobs with companies hiring in the US. FinancialjobBank posts thousands of new job opportunities every day.

iHireBanking

iHireBanking platform is for both recruiters and jobseekers. The platform helps job seekers and employers find great Banking opportunities and top talent. Hence, you can search, register, and apply for or post a job.

Conclusion

The banking industry offers varieties of career opportunities. In addition, the profession helps you develop your professional skills, refine your social skills, and improve your financial decision-making.

The pay rate also makes the best-paying jobs in major banks worth it. Remember, good education, experience, and skills in finance will give you an edge.

FAQs

Do bank jobs pay well?

Yes, most bank jobs pay well. Bank employees in the US earn an average of $66,947.

Is banking a good career?

The banking industry offers varieties of opportunities for professionals. In addition, the profession helps you develop analytical and critical thinking skills, refine your social skills, and improve your financial decision-making.

Which is the highest position in the bank?

The highest position in the bank is the Managing Director and CEO.

What is the lowest position in a bank?

Bank tellers are usually the entry-level positions at banks. The role requires at least a high school diploma.

What are the highest paying jobs at a bank?

Top 7 highest paying bank jobs

  • Equity Analyst: $190,000/yr
  • Chief Financial Analyst: $113,532 to $156,571/yr
  • Mortgage Advisor: $114,421 /yr
  • Equities Trader: $113,808/yr
  • Investment Banking Analyst: $85k-$100k/yr
  • Asset Manager: $72,149/yr
  • Credit Analyst: $55,250/yr

References

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