As a business leader, you know how important it is to monitor your company’s financial health. Financial managers can be employed in different positions, such as controller, finance officer, credit or cash manager, and international banking manager or risk manager. The median salary for a financial manager is $92,000 annually, with the highest paid managers earning close to $150,000. Financial managers in the securities and commodities field are the highest paid, while those employed by local governments earn the least.
Financial Analysts evaluate and study financial information, and provide investment recommendations based on their research. Additionally, they analyze a company’s financial statements, sales and tax rates to project earnings and determine value. Financial Analysts are also known as investment analysts, security analysts or ratings analysts. Banks, mutual funds, insurance companies and securities firms primarily employ financial analysts. The median income is $67,000, with the highest paid financial advisors earning over $145,000 annually.
A bachelor’s degree is required and a master’s degree or professional certification (such as CFA or Chartered Financial Analyst) is advantageous to career growth. Growth opportunities for experienced financial analysts include handling greater responsibilities by managing more important products and advancing to the level of portfolio or fund manager.
The median salary for a financial analyst is approximately $67,000 with the highest paid analysts earning more than $130,000 annually. These advisors work with individuals to assess a financial situation, make investment recommendations, and formulate a plan for long and short-term interests. A large portion of a personal financial advisor’s time is spent on marketing and sales tasks to establish a client base, and therefore increasing their income. Strong communication skills are needed to effectively assist clients in comprehending financial markets. A professional designation, such as Certified Financial Planner is also helpful for advancement.
The average salary is $52,000, with the highest paid underwriters receiving annual salaries over $92,000. Budget analysts estimate the financial needs of their company or organization and analyze and develop a budget accordingly. Many entry-level employees will have extensive training, both on the job and in a classroom environment. High ethical standards are a requirement for these positions due to the confidentiality of financial information. Actuaries assess risks and create policies to minimize the financial impact of such risks to the company.