Finance consumer services are a part of financial management that deals with how banks, credit cards, and loans handle customer service.
It is a major part of the finance, accounting, and retail sectors. We’ll look at the best paying finance consumer services jobs in the industry to help you decide what career path to follow.
The aim of providing finance consumer services is to satisfy customers by providing them with a high level of customer satisfaction – for example by offering an efficient complaints resolution service. This ensures that customers continue to use a company’s products and services in the future.
List of Best paying jobs in financial consumer services
1. Portfolio Manager
A portfolio manager provides investment management services for a company or individual. They make the investment decisions and evaluate their performance, advising the shareholders on how to best manage their portfolio – which investments to hold and in what proportions.
This may involve choosing between stocks, bonds, real estate, and other assets, commodities, or securities.
A portfolio manager will also keep an eye out for any conflicts of interest that might arise, as well as liaising with all interested parties such as regulators. They’ll also be responsible for running the company’s finances, as well as keeping an eye on risk management.
A portfolio manager can earn a salary of between $100,000 and $200,000 or more, depending on their experience and the complexity of their role.
2. Financial Manager
A financial manager is responsible for the fiscal affairs of a business, such as controlling expenditure, preparing budgets and providing forecasts. A financial manager will also be responsible for managing their company’s risk management, as well as outsourcing.
The financial manager will probably have some kind of accounting or finance qualification and experience in the field. The role may vary slightly depending on the type of organisation but usually involves analysing strategy in order to guide business development, as well as overseeing internal controls and business functions such as operations, sales and marketing. They’ll also advise on which techniques to use in the most cost effective way.
A financial manager can earn between $90,000 and $115,000 a year depending on their experience and the size of their organisation. A financial manager is an excellent career choice if you enjoy managing people and are interested in finance.
3. Compliance officer
If you’re interested in finance and working in the financial services industry, a compliance officer job could be ideal for you.
A compliance officer has to ensure that the company is complying with all applicable laws and regulations, for example on anti-money laundering and fraud prevention.
A compliance officer looks over the company’s practices to ensure that it is following the rules correctly at all times. This might involve auditing documents or carrying out investigations into potential breaches of the law, for example.
A compliance officer’s salary will vary according to the employer and their role. For example, a compliance officer working at a bank might earn between $85,000 and $150,000, while for a lawyer it is more likely to be under $100,000.
Compliance officers can also earn bonuses for achievements such as reducing client complaints or fraud from tracking down money laundering activities.
4. Software Engineer
If you’d like to work within the finance industry, a software engineer job may be ideal for you. A financial software engineer will write and design systems which allow a company to handle its financial information, for example by accounting for investments, monitoring cash flow and more.
They’ll work on different platforms such as Linux and Windows to ensure compatibility with various IT systems.
They’ll also create easy-to-use interfaces and make sure that their code is easy to maintain. A software engineer will earn a salary of between $100,000 and $150,000 according to their experience and the complexity of their role.
5. Wealth Management Officer
Working in wealth management offers a good opportunity for those interested in a career in finance. Working as a wealth or investment management officer you’ll need to be able to offer financial services to individuals or businesses.
This includes managing multiple projects at once, running your own portfolio and making recommendations for how much should be invested where.
A wealth or investment management officer will also liaise with clients, as well as maintaining a close eye on legal and regulatory compliance. They will have to have a thorough understanding of the tax and accounting laws relating to their projects, for example.
This means that they need to be very experienced in their chosen field. A wealth or investment management officer’s salary may be in the $100,000 – $150,000 range.
6. Hedge Funds Manager
A hedge fund manager gets paid a lot of money to invest in the stock market by analyzing trends and company performance, devising a strategy and implementing it.
They’ll work with traders and other investors to maximize investment profits through diversification – when they invest in different areas rather than just a single one.
A hedge fund manager’s salary is determined by their experience, the type of strategy they use, the level of risk they take and their business contacts. They are generally paid a percentage of the profits they make and can earn in the millions.
7. Financial Planner
A financial planner will work with clients to help them achieve their short and long-term financial goals. This might include creating budgeting plans or working on debt management strategies in order to help clients get back on their feet financially and set realistic targets for the future.
A financial planner will also have a good working knowledge of investments – where to place your money for the best return and how to avoid high risk situations.
As a financial planner you will obviously have to have a good working knowledge of all aspects of finance, as well as an understanding of how the economy works and the trends in each region.
This means that you’ll need to study hard to gain all the relevant skills and qualifications required for your role. A financial planner’s salary is negotiable and can be in the $100,000 – $300,000 range.
8. Equity Salesperson
Working in sales is a good option for those interested in the financial sector. You could work as an equity salesperson, where your job will be to sell stocks or shares to investors.
You’ll need to be able to assess the market and make sure that you provide the best possible advice with regards to which investments clients should put their money into. As an equity salesperson your salary can range from $80,000 – $150,000.
9. Mutual Funds Analyst
A mutual funds analyst’s job is to research investments in order to help clients make informed decisions when they are choosing where to put their money.
They will research a range of different funds and assets, for example stocks and bonds, in order to find the most appropriate for their clients. Mutual funds analysts need to have a good understanding of market trends and have an ability to interpret data from various sources effectively.
This can be done through job tasks such as gathering information or carrying out relevant research. They’ll also need to have a working knowledge of how the finances of their clients work and be able to communicate this effectively.
A mutual funds analyst’s salary will fluctuate depending on their experience, working hours, skills and training. Their salary will also increase if they get onto a very high level within the company or have better contacts with investors.
10. Investment Banker
If you’re interested in the stock market and trading, you might want to look into working as an investment banker. This is a high-risk position but one that comes with a very high salary if you can cut it.
As an investment banker, you’ll work for banks and brokerages, as well as manage large portfolios of clients’ money. You’ll analyze financial data and make predictions about the future of the market. You could also be responsible for managing mergers, acquisitions, or IPOs – initial public offerings.
Working as an investment banker can be quite stressful, however. You’ll need to be very good at analyzing things and know a lot about the financial world. In addition, you’ll need to have excellent communication skills and a fair amount of charisma to interact with clients and co-workers effectively.
You’ll also need to be able to remain unbiased if you’re in a position that doesn’t affect your personal opinion or relationship with your bank or broker. Investment banker’s salary can range from $90,000 – $150,000.
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The Bottom Line
As you can see, there are several best paying jobs in finance consumer services. Depending on your skills and experience you could earn anywhere from $80,000 to over $200,000 every year.
There are also many different other roles available for those who want to enter the field for the first time and start out with a less-risky position. With hard work and dedication you can move up the career ladder and find a secure and high-paying position.