Hedge fund managers and management of private equity firms are among the most paid individuals in the financial sector. Portfolio managers who create and manage such funds also hold high-paying jobs at brokerage firms. There are also a number of other companies operating in certain sectors of the financial industry such as accountants, tax preparation firms, payment processors handling purchase transactions, software developers developing investment and portfolio management software and other financial software programs used by financial services providers and their customers.
Investment banks manage companies’ buying and selling through activities such as mergers and acquisitions ( M & A ) and represent clients on both the buy and the sell side.
These are the companies that make the most money for investment banks. Entry-level jobs in investment banks tend to pay off well, and are usually in the same sector in which you end up. The best-paid investment bank jobs tend to be for people who make and manage large M & A deals.
Salaries for risk management in investment banking and the wider financial services market have increased in recent years, as companies struggle to find a limited supply of executives who can name their own salaries and switch between positions. There’s a certain thrill that comes with being part of something like the casino rewards structure of a high-volume financial sector business. The lower end of quantitative risk analysis is in danger of being a commodity with some positions outsourced to India.
If you think you have what it takes to take the company to the next level, apply for the coveted positions offered in the Undergraduate Promoted Analyst Program, which offers investment banks a 100-150K / year salary. It’s a well-paid job, Glassdoor shows entry-level positions between PS65K-PS85K in London. You can also take a look at this Wall Street Prep’s investment banking analyst salary guide, to be better informed. Salaries and rewards are certainly high, with the potential to earn up to $400,000 in bonuses and profit-sharing for experienced investment bankers in highly competitive, stressful positions.
Sale and trading is the division of an investment bank that is responsible for the production and marketing of shares, bonds and derivatives. Sellers work with asset managers, hedge funds, insurance companies and other buy-side investors to develop ideas for buying and selling securities or derivatives.
Investment banking is the task of facilitating the new issuance of corporate securities and bringing them to the market for investors to buy. Investment banks trade securities and advise corporations and high net worth private investors. Commercial banks are large corporations or local institutions that provide a wide variety of financial services from checking and savings accounts to individual retirement accounts (IRAs) and loans.
Positions in the commercial banking sector include bank clerks, credit officers, operations and marketing managers and branch managers. Talented professionals can move from local branches to positions in the corporate headquarters of banks, and promotions can be suspended in other areas of commercial banking, such as international finance.
The most glamorous and intense job in the financial industry is investment banking. With high salaries, bonuses and the opportunity for advancement, well-paid financial jobs are highly sought-after among business school graduates.
According to the Graduate Management Admissions Council (GMAC), aspiring business students seem to believe that 35% are interested in a career in finance after graduation.
