The 20 Best Paying Jobs in Major Banks [Updated 2022]

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If you’re looking for a high-paying job, you might want to consider working in a major bank.

Bank jobs offer competitive salaries and excellent benefits, making them some of the most sought-after positions in the country.

In this article, we’ll take a look at some of the best-paying jobs in the banking industry.

As you might expect, jobs in the upper echelons of the banking hierarchy tend to be the most lucrative.

Senior executives and managers earn six-figure salaries, with some earning well over $1 million per year.

But there are plenty of other well-paying positions in banks, even for those who don’t have a four-year degree.


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The 12 Best Paying Jobs in Major Banks

If you’re looking for a high-paying job in the banking industry, you’re in luck.

According to recent reports, there are a dozen jobs in major banks that offer salaries of six figures or more.

So if you’re looking to make some serious money, here are some great options to consider:

1. Chief Financial Officer — Average Salary: $139,501

The position of Chief Financial Officer is widely considered to be the best paying job in a major bank.

This is because CFOs have a wide range of responsibilities, including financial planning, risk management, and accounting.

In addition, they typically earn high salaries and receive generous bonuses.

Most CFOs have a degree in accounting or finance, and many also have an MBA.

They must be able to understand and manage complex financial information, as well as communicate effectively with other members of the senior management team.

2. Financial Manager — Average Salary: $$134,180

A Financial Manager is responsible for the financial planning and management of a company or organization.

They are in charge of creating and implementing strategies to increase revenue and reduce costs.

In order to be successful in this role, you need to have a strong understanding of financial concepts and be able to effectively communicate with other members of the team.

The average salary for a Financial Manager is $134,180 per year.

However, salaries can range from $80,000 to $160,000 per year, depending on experience and education.

Financial Managers who have a master’s degree or higher tend to earn the highest salaries.

If you are interested in becoming a Financial Manager, you will need to have excellent analytical and problem-solving skills.

You should also be able to work well under pressure and handle multiple tasks simultaneously.

Strong communication and interpersonal skills are also essential for this role.

Financial Managers typically have at least five years of experience working in a financial or accounting position before being promoted to this role.


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3. Portfolio Manager — Average Salary: $$89,957

A portfolio manager is responsible for the management of a financial portfolio.

They make investment decisions on behalf of their clients and aim to maximize returns on their investments.

In order to become a portfolio manager, you will usually need a degree in finance or economics, as well as experienced in the financial industry.

The average salary for a portfolio manager in a major bank is $89,957.

However, the top earners can make upwards of $1 million per year.

Portfolio managers are typically responsible for managing large sums of money, so it is important that they have a good understanding of financial markets and investment strategies.

They must also be able to take risks and make quick decisions in order to maximize returns on their investments.

If you are looking for a high-paying job in the financial industry, then working as a portfolio manager in a major bank is a great option.

4. Financial Analyst — Average Salary: $$83,660

A financial analyst is the best paying job in a major bank.

They are responsible for analyzing financial data in order to provide advice to clients or management.

Financial analysts typically have a degree in finance or economics, and they must be able to understand and interpret complex data.

They must also be able to communicate their findings effectively, both verbally and in writing.

The average salary for a financial analyst in a major bank is $83,660.

However, the top earners can make significantly more than this.

In order to become a financial analyst, you will need to have strong analytical and mathematical skills.

You must also be able to think critically and solve problems.

If you are interested in becoming a financial analyst, you should consider pursuing a degree in finance or economics.


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5. Budget Analyst — Average Salary: $$78,970

Budget analysts are responsible for creating and managing a bank’s budget.

They work with senior management to forecast future expenses and revenues, and develop strategies to improve the bank’s financial position.

This is a highly responsible position that requires a great deal of analytical skills and experience.

Budget analysts typically earn a very good salary, especially in larger banks.

In fact, budget analysts are some of the highest paid employees in the banking industry.

This is due to the high level of responsibility and expertise required for the job.

If you are interested in a career in budgeting and financial management, then working as a budget analyst in a major bank is a great option.

6. Accounting Manager — Average Salary: $$75,216

An Accounting Manager typically has a median salary of $75,216.

They are responsible for ensuring that the financial records of the company are accurate and up-to-date.

This includes preparing financial statements, managing budgets, and overseeing accounting operations.

They may also be responsible for supervising a team of accountants and providing training or mentorship.

While the job of an Accounting Manager may not be as glamorous as some other jobs in the banking industry, it is a critical role.

Those who are good at it can expect to be well-compensated for their efforts.

7. Accountants and Auditors — Average Salary: $$73,560

Bank accountants and auditors are responsible for ensuring the financial health of their institution.

They keep track of earnings, assets, and liabilities; develop financial statements; and offer recommendations to improve the bank’s overall fiscal picture.

The work is detail-oriented and requires a strong understanding of accounting principles.

However, it also offers a number of challenges and opportunities for growth.

As a bank accountant or auditor, you could find yourself working on high-profile projects that have a significant impact on the institution’s bottom line.

You’ll need to be able to think creatively to solve complex financial problems and develop innovative solutions that improve the bank’s operations.

If you’re looking for a challenging and rewarding career in banking, then a position as an accountant or auditor may be the right choice for you.

These roles offer competitive salaries and excellent benefits, making them some of the best-paying jobs in the industry.


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8. Loan Officer — Average Salary: $$63,960

A loan officer is someone who helps people get loans from a bank.

They work with the customer to figure out what type of loan they need and how much money they need.

They also work with the bank to make sure that the customer can afford the loan.

A loan officer is a very important person in a bank.

They help people get the money they need to buy a house, a car or start a business.

They also help people who are in financial trouble and need a loan to pay their bills.

The average salary for a loan officer is $63,960 per year. However, some loan officers make much more than this.

The top loan officers at major banks can make over $100,000 per year.

If you are interested in becoming a loan officer, you should contact your local bank and ask about job openings.

You can also look online for job postings.

Most banks require that you have at least a bachelor’s degree in finance or a related field.

9. Investment Banker — Average Salary: $62,462

An investment banker is a financial professional who assists clients in raising capital by underwriting and issuing securities.

They work in the securities industry and are typically employed by large commercial banks, investment banks, or hedge funds.

The job of an investment banker is one of the most lucrative in the banking industry.

They typically earn six-figure salaries and can earn bonuses that are even higher.

However, the job is also very demanding and can be quite stressful.

Investment bankers typically work long hours and are often required to travel.

Investment bankers typically have a four-year degree in business or economics.

Many investment bankers also have an MBA.

The job requires excellent analytical and communication skills.

10. Branch Manager — Average Salary: $$60,958

A branch manager is the best paying job in a major bank.

They are responsible for the overall performance of the branch and are in charge of hiring and firing employees, as well as marketing the bank to potential customers.

Branch managers typically have several years of experience in the banking industry and can earn upwards of $60,000 per year.

If you are interested in becoming a Branch Manager, you should consider pursuing a degree in business or economics.

Additionally, gaining experience in customer service and sales will be beneficial.

Strong leadership and interpersonal skills are essential for this role.


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12. Credit Analyst — Average Salary: $$53,778

Credit analysts play a critical role in banks by assessing the creditworthiness of potential borrowers.

They help banks make informed lending decisions, which is essential for ensuring the safety and soundness of the banking system.

Credit analysts typically have a Bachelor’s degree in business or economics, and they must be able to analyze financial data to assess a borrower’s risk.

As a credit analyst, you would be responsible for reviewing financial statements, tax returns, and other information to determine whether a borrower is likely to repay a loan.

You would also be responsible for monitoring existing loans and identifying any early warning signs of default.

Credit analysts typically work in commercial banks, but they may also work in investment banks, insurance companies, or other financial institutions.

The median salary for a credit analyst is $53,778, and the most experienced analysts can earn more than $100,000.

Credit analysts are in high demand, and the job outlook for this occupation is very positive.

If you’re interested in a career as a credit analyst, now is a great time to pursue this opportunity.

Teller — Average Salary: $36,310

A teller is the best paying job in a major bank. They are responsible for handling customer transactions and providing customer service.

Teller positions typically require a high school diploma or equivalent and offer competitive pay and benefits.

Some tellers may also be responsible for managing a team of other tellers.

Teller positions typically have career advancement opportunities.

As the face of the bank, tellers are responsible for providing excellent customer service.

They must be able to handle customer transactions quickly and efficiently. Tellers must also be able to resolve customer complaints in a professional manner.

Tellers typically work in a team environment and must be able to work well with others.

Teller positions offer competitive pay and benefits. Many tellers also receive paid vacation days, sick days, and holidays.

Teller positions typically have career advancement opportunities.

With experience, tellers may be promoted to manager or assistant manager positions.

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