Do you want to know the best paying jobs in Finance Consumer Services or you want to know their average annual salaries.
Then this article is for you.
In this article we shall be discussing the best paying jobs in Finance Consumer Services, what you should do before applying for any Finance consumer job and also their respective salaries.
Recently job opportunities in Consumer Services Sector have captured different people’s attention as a trendy and cool way of having a successful career path.
What Are Consumer Services?
Consumer Services are normally combined with customer service, however they are different from each other.
Consumer Services are intangible products that are offered to Majority of the masses and businesses. They are scattered in a plethora of different professions, such as education, health care, recreation, tourism, finance, etc.
What is Finance Consumer Services?
A Finance Consumer Services in the financial sector is an initiative, carrier or product that provides monetary merchandise and opinions to customer or client.
These services embody individual loan assistance or savings counselling.
You’ll also be accountable for the provision of advices and analysis on funds management to your client’s.
Finance Consumer Services under Consumer Services assist consumers in the making of smart monetary choices and acquiring the products they require in order to scale their economic resources.
They also support consumers and clients in developing financial knowledge, for instance they analyze how to budget, deal with debt and make money Investment appropriately.
Without doubt, this Sector have a lot of employment opportunities in the financial industry.
Best Paying Jobs Available in Finance Consumer Services
Their are several employment opportunities available in Finance Consumer Services sector or career path but we shall be talking about the best paying jobs in Finance Consumer Services.
However in terms of professionalism and annual salary, listed below are the best paying jobs under Finance Consumer:
1. Hedge Fund Raiser: $145,000 per year
Hedge Fund Raiser is one of the best paying jobs in Finance Consumer Services and it may sound cringe to you but it is rather considered as a new job that has gained popularity in recent decades.
Hedge Fund Raisers or Managers are professionals who capitalises on professional analyst in order to carry out establish hedge funds.
They raise capitals or money from individuals and institutional investors who contribute capital in exchange for interest in the fund entity.
Since they are prohibited from using any public advertising means to attract potential clients or investors, they are typically marketed in close networks.
A Hedge Fund Raiser earns an average of &145,000 per year which is why it is regarded as one of the best paying jobs in Finance Consumer Services.
2. Chief Financial Officer: $140,000 per year
A Chief Financial Officer abbreviated as (CFO) is a professional who holds too Financial position in an organization.
They are responsible for tracking the flow of cash and financial planning and analyzing the company’s financial strength and weakness and implementing strategic methods.
Taking precise financial decisions, painstaking budget management, providing strategic advice on the efficiency of businesses and companies expenditure are among the core aspects of the career path.
Chief Financial Officer is one of the best paying jobs in Finance Consumer Services with an annual salary of $140,000.
3. Financial Analyst: $95,570 per year; $45.95 per hour
A Financial Analyst is a professional who is responsible for the provision of informed guidance to organisation, companies or individuals on better business Investment decisions by analysing economic trends, the companies strategy and current business news.
Financial Analyst are mainly seen in banks, investment firms or insurance companies where they analyze Investment, market and economic trends.
According to Statistics from the United States Bureau of Labor Statistics, a Financial Analyst earns an average of $45.95 per hour or $95,570 annually.
ALSO READ: Is Finance Consumer Services A Good Career Path (85,570)?
4. Personal Finance Advisor: $73,560 to $89,295 per year
A Personal Finance Advisor is ab expert who is responsible for the Provision of financial advise and services to customers according to their needs.
Personal financial Advisors have the expertise and experience to deliver solutions focused to their customers’ needs, avoid costly errors, and mitigate risk, as well as offer a suite of services and products aligned with clients’ current and future goals.
They work in banks, insurance companies and investment companies whereby helping clients make their money.
If you’ve enthusiasm about interacting with people, then Personal Finance Advisor is a good choice for you.
To become a Professional Personal Finance Advisor, you need to obtain a degree in Accounting, Law, Business and Economics but employer’s tends to prefer those with Master’s Degree.
A Personal Finance Advisor is estimated to earn an annual salary of $73,570 to $89,295 according to Bureau of Labor Statistics.
5. Insurance Advisor: $83,540 per year
An Insurance Advisor also known as Financial Advisor is an expert who is responsible for providing financial advice to customers on retirement planning, investing and protecting against risk.
They complete a financial needs analysis with customers, which may include assets, liabilities, tax status, risk and insurance analysis.
They also analyze the risk factor a client is exposed to and suggest coverage or solution that will provide the better protection. It is essential to understand the insurance they offer and the laws and regulations governing them.
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6. Financial Examiners: $81,410 per year
Looking for how many jobs are available in Finance Consumer Services, then Finance Examiner is for you.
Finance Examiners are professionals who are responsible for ensuring that companies, firms, organisation or businesses involved in handling financial transaction is complaint with the existing laws.
They ensure banks and other financial institution comply with the laws governing Financial and real estate transaction
7. Loan Officer: $80,000 per year
A Loan Officer or a Mortgage Loan Officer is a professional who is responsible for assisting customers research loans and find out the application, approval and closing processes.
Their job is to recommend commercial and personal loan options to clients and explaining their terms, determining risk for loaning to clients based on their credit and processing paperwork.
A Loan Officer mainly work with businesses, banks, credit unions, mortgage lenders, financial organisation and individuals to help them get financing from banks and other financial institution.
According to the U.S Bureau of Labor Statistics, a Loan Officer earns an average of $80,000 annually.
8. Financial Manager: $75,000 per year
A Financial Manager is responsible with the task of analysis the companies day-to-day financial reports to perfect the business financial input and output.
Financial Manager is of great importance to business and companies because the world of businesses are competitive this days and necessitates the most perfect and accurate adjustment that will minimize the companies cost while maximizing the benefits.
They also produce direct investment activities and develop better Strategies and plans for the long term financial goals of a business.
Financial Manager is also among the best paying jobs in Finance Consumer Services in the United States with an average salary of $75,000 annually.
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9. Accountant: $73,560 per year
An Accountant is an expert assist businesses makes critical financial decisions by collecting, tracking and correcting the company’s finances.
They are responsible for financial audits, reconciling bank statements and ensuring financial records are accurate on day-to-day basis.
An Accountant in the United States earns an average of $73,560 annually.
10. Investment Banker: $63,000 per year
An Investment Banker is a professional who is responsible for raising capital for corporation, government or other financial entities.
Investment Bankers work for banks and unbiased firms, advising clients on monetary planning.
They assist purchasers in identifying opportunities, making recommendations, and imparting monetary planning advice.
An Investment Banker earns an average of $63,000 per year.
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Is finance Consumer Services A Good Career Path?
Consumer financial services may be a fantastic choice for you if you’re seeking for a job with a high earning potential.
Credit and debit cards, personal loans, investment advice, and other areas of consumer finance are all included in this broad category.
Professionals in consumer financial services assist clients with money management and financial decision-making.
FREQUENTLY ASKED QUESTIONS (FAQ)
What are the fastest growing careers in finance?
10 Fastest Growing Jobs in Finance
- Financial Managers: Projected Job Growth: 9.10%
- Treasurers and Controllers: Projected Job Growth: 9.10%
- Insurance Sales Agents: Projected Job Growth: 8.52%
- Personal Financial Advisors: Projected Job Growth: 7.75%
- Tax Preparers: Projected Job Growth: 5.98%
Which job has highest salary in finance?
- 1. Hedge Fund Raiser: $145,000 per year
- 2. Chief Financial Officer: $140,000 per year
- 3. Financial Analyst: $95,570 per year; $45.95 per hour
- 4. Personal Finance Advisor: $73,560 to $89,295 per year
- 5. Insurance Advisor: $83,540 per year
- 6. Financial Examiners: $81,410 per year
- 7. Loan Officer: $80,000 per year
- 8. Financial Manager: $75,000 per year
- 9. Accountant: $73,560 per year
- 10. Investment Banker: $63,000 per year
- Information Technology Auditor
- Senior Accountant
Which industry is best for finance jobs?
- Investment Banker
- Information Technology Auditor
- Compliance Analyst
- Financial Advisor
- Insurance Advisor
- Financial Analyst
- Senior Accountant
- Hedge Fund Manager
What are the 4 Career Pathways in finance?
The major four career path ways in the Finance Industry are banking and related services, business financial management, financial and investment planning and insurance services
How can I work in financial sector?
- Earn a Bachelor’s Degree
- Pursue an Internship
- Use a current employee Referral
- Take relevant courses
- Attend a career fair
- Paid up with a mentor
- Start in an entry-level position
- Build the skill section of your review
This is all we have for “Best Paying Jobs in Finance Consumer Services (With Salaries)”.
You can also read How Many Jobs are Available in Finance Consumer Services?
