Professions in the financial field
We trust other people or company to help us in our money, savings, and investments. They play a big role in how our money rolls, how we can spend it, where we can invest it. A lot of people think it’s an easy job but it’s not. Each transaction are analyzed and planned carefully by their brilliant minds. Each penny is valued, each dime counted. It’s always a numbers game. If you want to take a path in this career, you have to be the best of the best. Let’s take a look at how much they earn and what they do.
An investment banker is a career for a person that enjoys interacting with people, analyzing financial reports, financial transactions and especially negotiating. They play an important role in mergers and acquisitions and you often find them dealing with lawyers. An investment banker salary for starters ranges from $70,000 to $120,000 but it requires a bachelor’s degree. An investment banker with a master’s degree usually has higher salary pay that ranges from $90,000 to $180,000. Of course, salaries are also based on personal qualifications, experience, and educational background. A banker deals with what the customer needs such as helping with the loan, mortgage, deposit and withdrawal of funds, and savings.
Another professional career is the Stock Broker. A broker according to Wikipedia is “regulated professional individual, usually associated with a brokerage firm or broker-dealer, who buys and sells shares and other securities for both retail and institutional clients”. It basically has the same roles with an investment banker. The difference would be on their licensing and regulatory oversight. A stock broker salary ranges from $40,000 to $65,000. Most stock brokers pay is often on commission basis. Financial Advisor on the other hand can also be somewhere along the brokers professional line. While it is as challenging as the earlier professions mentioned, financial advisor focuses on more planning and strategizing. Mostly, the areas they focus on are on retirement, estate, education, and asset allocation analysis. Financial Advisor salary average earnings are $90,000 up to $110,000 a year.
A financial analyst on the other hand compiles and analyzes financial information for a company or individual. They analyze revenue/expenses, projections, creates monthly, quarterly, and yearly reports. They ensure all financial records are accurate. A financial analyst salary average is $70,000 up to $110,000 annually. Last but not the least is the insurance agent. Insurance Agents are the frontline of insurance companies. They sell one or more types of insurance, explain the policies and helps customers shoes the best plan for them. The median annual wage is $46,770 most of the agents are also paid thru commissions rather than fixed salary. Click here for more information.
Sure enough these guys earn big tons of cash annually but it’s really their hard work and dedication that pays off.
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