If you spend the time and money to earn a prestigious degree in finance, you’ll want to know
the hottest finance jobs with the best salary. That way, you can ensure that you’re getting the most out of your degree and will enjoy an impressive career. Still in school? You can get financial help with your tuition with scholarships in finance and accounting.
Financial managers earn a median salary of nearly $128,000 and have a mere 1.4% unemployment rate. These respected finance professions ensure a company’s finances are on stable ground. Financial managers work hand in glove with senior executives and department managers as they analyze vital financial data, prepare quarterly and annual reports, and make financial recommendations to stakeholders.
Also, financial managers must pay careful attention to detail to ensure their company complies with federal and state economic laws.
To get rolling in this field, you need at least a bachelor’s in finance or accounting, but the most advanced positions require a master’s degree.
Financial advisors earn a median salary of $88,900 with a low 0.9% unemployment rate. They frequently work with clients one-on-one to help them manage their money more effectively. Also, they make advanced investment recommendations so clients can achieve important long-term goals, such as retirement or saving for college.
Some financial advisors also help clients pinpoint their most critical financial goals, understand their insurance needs, and offer detailed tax guidance.
About 25% of financial advisors work for themselves, and the others mostly work in the investment and securities sector. Most financial advisors hold a bachelor’s degree. You can improve your career standing by obtaining various financial designations, such as Certified Financial Planner (CFP).
Accountants make a median salary of $70,500 and have a low 1.8% unemployment rate. Their duties focus on company or personal tax returns, recording financial transactions, and ensuring the client’s financial statements are accurate.
But accountants these days do more than handle your books. They may analyze data, perform forensic audits, and make financial recommendations.
Accountants enjoy stable jobs with low stress that allow them to have sufficient work/life balance. You need at least a bachelor’s degree in accounting or finance to work as an accountant. The best jobs are reserved for accountants with a master’s degree and their Certified Public Accountant (CPA) designation.
The median salary for actuaries is $102,000. An actuary analyzes complex financial data and determines the level of risk related to decisions, most commonly in the finance and insurance sectors. They often decide if a person can get approved for insurance and what their rates will be.
Becoming an actuary requires a bachelor’s degree in mathematics, statistics, or actuarial sciences. Earning your certification in the field through the Society of Actuaries or the Casualty Actuarial Society improves your job prospects.
Cost estimators earn a median salary of $64,000 and have a 1.7% unemployment rate. This is a relatively low-stress job, and the job growth is excellent. Cost estimators are often employed by contractors, construction organizations, or manufacturers to analyze what products should cost.
For instance, they could need to figure out the production costs for a new product or what a building will cost to construct.
Most in the field have a bachelor’s in finance or a related field. Most cost estimators receive additional training in software related to their exact area.
If you take a job in one of these five hot finance fields, you’re likely to enjoy robust job demand and money in the bank!