The field of major banks is very prestigious and stable, so it is considered one of the best areas to look for work.
In this article, we will take a look at 20 of the best paying jobs in major banks. We’ll also provide you with information on what skills you need to have and what responsibilities you’ll be expected to perform.
So, if you’re interested in working in finance, read on!
What are the Major Banks?
The term “major banks” generally refers to large, international banks that offer a wide range of services. These institutions usually have branches all over the world and employ thousands of people.
Some of the most well-known major banks include JP Morgan Chase, HSBC, Goldman Sachs, Citigroup, and Deutsche Bank.
Is Major Banks a Good Career Path?
Working in large banks is a very good career choice for many reasons.
The salary is usually very high. In addition, this field is stable because the economy is always key to society. There is also always great job security in this area.
Moreover, working in large banks can be very exciting and interesting. You will have the opportunity to work with some of the smartest people in the world and deal with complex financial transactions.
20 Best Paying Jobs in Major Banks
Budget Analyst
Average base salary: $63,098 per year
A budget analyst is responsible for preparing and managing the budget for a major bank. This includes forecasting expenses, analyzing financial data, and making recommendations to senior management.
To be a successful budget analyst, you need to have excellent analytical skills and be able to work well under pressure. You should also be detail-oriented and have strong Excel skills.
Portfolio manager
Average base salary: $100,408 per year
A portfolio manager is responsible for overseeing a group of investments for a major bank. This includes making decisions about what to buy and sell, as well as monitoring the performance of the investments.
To be a successful portfolio manager, you need to have strong analytical and decision-making skills. You should also be able to handle stress well and have excellent communication skills.
Accounting Manager
Average base salary: $80,644 per year
Accounting managers manage accountants, create systems to analyze financial information, and monitor organizations’ legal compliance.
To be a successful accounting manager, you must have excellent attention to detail and strong analytical skills. You must also be able to work well under pressure and meet deadlines.
Equities trader
Average base salary: $75,847 per year
An equities trader is responsible for buying and selling stocks on behalf of a major bank. This includes deciding when to buy and sell, as well as monitoring stock performance.
To be a successful stock trader, you must have strong analytical and decision-making skills. You must also be able to handle stress well and be able to communicate with people.
Accountant and Auditor
Average base salary: $65,143 per year
These people produce and study documents, examine risks, and find solutions to problems. They ensure that records are accurate and that debts are paid correctly.
To become a successful accountant and auditor, in addition to a good education and excellent knowledge of economics, you need to be attentive to detail and focused, as well as able to do your work well to a certain deadline.
Asset managers
Average base salary: $70,213 per year
It is the responsibility of the asset manager to oversee a group of investments for a major bank. This includes making investment decisions, advising banks, and more.
To be a successful asset manager, you must have strong analytical skills and a good knowledge of the market. In addition, you need to be able to get along well with people and get your point of view across.
Internal auditor
Average base salary: $61,033 per year
The internal auditor is responsible for ensuring that the financial statements of a major bank are accurate and independent. This includes reviewing and analyzing all documents and correcting inaccuracies.
To become a successful internal auditor at a large bank, you need to have experience, be able to look independently at the bank’s operations, be attentive to detail, and pass several special exams.
Branch Manager
Average base salary: $61,441 per year
A branch manager is responsible for overseeing the operations of a major bank’s branch. This includes making decisions about lending, deposits, and investments.
To be a successful branch manager, you need to have strong leadership and decision-making skills. You should also be able to handle stress well and have an understanding of financial regulations. In addition, you need to be on good terms with your team.
Bank relationship manager
Average base salary: $80,906 per year
A bank manager is responsible for managing a large bank’s relationship with its customers. This includes providing advice on financial products and services, as well as handling any issues that arise.
To be a successful bank relationship manager, you must have excellent communication and interpersonal skills. You must also be able to give clear and concise advice, as well as have excellent verbal and written language.
Investment Banker
Average base salary: $131,966 per year
An investment banker is responsible for providing financial advice to a major bank’s clients. This includes assessing the client’s financial needs and recommending the best course of action.
To be a successful investment banker, you need to have strong analytical and decision-making skills. You should also be able to handle stress well and have an understanding of financial regulations.
Credit analyst
Average base salary: $63,058 per year
A credit analyst is responsible for assessing a major bank’s credit risk. This includes reviewing financial statements, making recommendations to senior management, and monitoring the performance of loans.
To be a successful credit analyst, you need to have strong analytical skills. You should also be detail-oriented and able to work well under pressure.
Financial Analyst
Average base salary: $65,202 per year
A financial analyst evaluates investment opportunities, analyzes financial models for their clients, selects the most profitable investments, etc.
The key to this profession is the ability to analyze the market and make quick forecasts, be attentive to details, and also have good work experience.
Loan Officer
Average base salary: $214,678 per year
The loan officer is responsible for approving or denying loans at a major bank. This includes reviewing financial statements, making recommendations to senior management, and monitoring loan performance.
To become a successful loan officer, you must have a college degree in a relevant field, be able to work with software and receive on-site training.
Bank Teller
Average base salary: $32,628 per year
A bank teller is responsible for customer service for a large bank. This includes accepting loan payments, selling checks and bonds, and much more.
To be a successful bank teller, you need to be good with people and be stress-resistant. You must also have a good understanding of financial regulations.
Mortgage Advisor
Average base salary: $70,114 per year
The mortgage counselor is responsible for providing mortgage loan counseling. They research and discuss the best mortgage options and terms.
To be a successful mortgage counselor, you must have a good command of written and spoken language and be good with people. It is important to know the market well and must be able to give clear and concise advice.
Investment banking analyst
Average base salary: $80,367 per year
The Investment Banking Analyst is responsible for analyzing all investment opportunities to provide the client with the best possible options.
To be a successful investment banking analyst, you must have strong analytical and judgmental skills. You must also be able to deal well with stress and understand financial matters, as well as be able to work on short deadlines.
Forex Traders
Average base salary: $71,871 per year
Forex traders make forecasts about currency prices and make transactions for financial institutions.
Such work requires the ability to think critically and make predictions based on analyzed data, good communication skills, and the ability to negotiate with people, as well as in-depth knowledge of the market and currency trading.
Financial Manager
Average base salary: $79,281 per year
A financial manager is responsible for analyzing data and then advising on how to increase profits. They also prepare reports and prescribe plans for long-term financial goals.
To become a successful financial manager, you need to have a college degree and be able to make projections based on all the data you receive. In addition, you need to be attentive to detail and responsiveness.
Chief Financial Officer
Average base salary: $140,677 per year
These are the people who oversee financial transactions throughout the bank, make decisions, and study all financial issues.
In addition to appropriate education, this job requires leadership skills, impartiality, quick problem-solving skills, and good rapport with people within the team. Understanding the market and how the economy works is also key.
Fixed income analyst
Average base salary: $89,220 per year
The fixed income analyst is responsible for assessing financial stability by analyzing current market news, evaluating securities, and more.
To work as a fixed income analyst, you need to be able to make predictions based on existing data and have at least 2 years of experience in this field. Also, being able to work well under pressure is important.