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Best Paying Jobs In Major Banks - Get The Right One For You


Have you ever wondered about the best paying jobs in major banks? In this article we will discuss everything you need to know about this matter. Do you like numbers and have a background in finance, economics, or business?

Working in finance at a major bank — such as the one you use for your personal finances or banks with local branches in your area — would be a natural fit. Many positions have transitioned to remote work as banks close physical locations.

The Best Bank Jobs

The banking industry is made up of various types of banks and financial institutions. Retail banks and credit unions offer financial services to individuals and small businesses. These services may include checking and savings accounts, assistance with loan and mortgage applications, and additional individual investment services.

A pen, phone and a laptop on a black table
A pen, phone and a laptop on a black table

COPYRIGHT_WI: Published on https://washingtonindependent.com/best-paying-jobs-in-major-banks/ by William Willis on 2023-02-03T11:44:56.568Z

Stock Broker

Salaries range from $65,000 to $225,000 per year. Stock brokers are individuals who buy and sell stocks and securities. They collaborate with a brokerage firm or broker-dealer to help individuals and businesses navigate the stock exchange.

The stock broker's job is to act as a go-between for two or more parties, arranging transactions between buyers and sellers. Stock brokers must be good negotiators and communicators.

Options Trader

Salary range for options traders: $51,000-$200,000 per year. An options trader is someone who buys and sells stock options. You usually work for a large investment bank or a private hedge fund, where you manage complex capital investments for clients.

Your responsibilities include creating options contracts and developing forecasting models to determine the best price to buy an option in order to maximize profit and minimize risk.

Mortgage Branch Manager

Salary range for Mortgage Branch Manager: $75,000-$175,000 per year. A mortgage branch manager is in charge of the day-to-day operations of a mortgage provider location, such as a commercial bank's mortgage department. In this position, you will be responsible for training new sales associates, defining marketing and sales goals, and supervising the administration.

Commercial Banker

Salary range for a commercial banker: $104,500-$170,500 per year. A commercial banker works for a bank or other financial institution, primarily serving corporate clients.

These professionals devote time to marketing the bank in order to attract new customers while also maintaining strong relationships with current clients. Your responsibilities as a commercial banker vary depending on your employer, but they typically include managing corporate accounts, investing business profits, and facilitating loans and financing.

Natural Gas Trader

Salary range for a natural gas trader: $61,500-$150,000 per year. A natural gas trader purchases and sells natural gas products on stock and commodity exchanges. As a commodities broker, you may work independently or for a financial institution trading natural gas stocks, funds, and futures.

Meeting with clients to discuss their financial goals and determining the best ways to invest in commercial natural gas stocks traded on the NYSE or NASDAQ to achieve those goals are among your responsibilities.

Equity Research Associate

Annual salary range: $100,000-$137,500. An equity research associate is a financial analyst who advises a financial manager on investment strategies. As an equity research associate, you will be responsible for researching market trends for bonds, options, and stocks, preparing a report with recommendations, and presenting this information to the financial manager.

Investment Officer

Salary range for an investment officer: $66,000-$137,000 per year. Investment officers identify business opportunities and secure investments that benefit an organization's financial interests.

Your responsibilities as an investment officer include managing portfolio projects, handling financial transactions, and developing client relationships. A Master of Business Administration (MBA) degree, several years of financial sector experience, and proven business development skills are required for a career as an investment officer.

Investment Banker

Salary range for an investment banker: $48,500-$128,000 per year. Investment bankers serve as advisors to governments and corporations looking to invest in the capital markets. They advise clients, manage investments, conduct financial research, and buy and sell on their clients' behalf on a daily basis.

Private Banker

Private banker salaries range from $58,500 to $125,000 per year. A private banker offers their clients banking and investment products. Clients of a private bank are typically very wealthy individuals who require more specialized banking products and investment solutions than the general public. Private bankers work to protect and grow their clients' wealth.

Brokerage Branch Manager

Brokerage Branch Manager annual salary range: $62,000-$120,000. Your primary responsibilities as a brokerage branch manager include supervising financial institution functions, hiring new employees, and overseeing financial decisions. You deal with customers looking for loans, credit lines, and other accounts. You also collaborate with marketing to strengthen community relationships.

Investment Counselor

Salary range for an investment advisor: $59,000-$115,000 per year. Your responsibilities as an investment counselor include recommending investments in stocks, bonds, funds, real estate, or other assets to clients. You make these recommendations while considering your clients' financial goals and risk tolerance.

Bank Secrecy Act Officer

Salary range for an investment advisor: $59,000-$115,000 per year. Your responsibilities as an investment counselor include recommending investments in stocks, bonds, funds, real estate, or other assets to clients. You make these recommendations while considering your clients' financial goals and risk tolerance.

Proprietary Trader

Salary range for a proprietary trader: $44,000-$105,000 per year. A proprietary trader makes a direct profit by using the capital of a financial firm. Traders examine stock market trends to determine how to invest money in order to maximize the initial investment. Traders keep a portion of the profits they make for firms or banks before continuing to trade other capital, such as stock market shares, to increase profit margins.

Commodity Broker

Salary range for commodity brokers: $30,000-$105,000 per year. A commodity broker buys or sells physical commodities on behalf of an investor, such as agricultural products, minerals, natural gas or oil, or precious metals. They monitor international markets for a specific commodity or group of commodities and execute trades on the trading floor.

Equity Trader

Salary range for an equity trader: $60,500-$104,000 per year. An equity trader conducts research and analysis to determine when to buy or sell shares of a company on the stock exchange. Your responsibilities may include trading options, futures, exchange-traded funds, and other derivatives in addition to common stocks.

Commodity Trader

Salary range for a commodity trader: $52,000-$104,000 per year. Commodity traders buy and sell commodities on behalf of a company or bank. Researching current stock market trends, advising clients on investments, and staying up to date on industry news are all part of your job.

Business Banker

Salary range for a business banker: $69,500-$103,500 per year. A business banker, also known as a commercial or investment banker, works in a financial institution to build relationships with clients, learn and understand their business goals, manage their business portfolios, and teach them how to successfully manage their finances.

Foreign Exchange Trader

Foreign Exchange Trader Salary Range: $42,500-$103,000 per year A foreign exchange (forex) trader is a specialized type of trader who buys and sells foreign currency for profit. You work for a large investment bank or a specialized firm that deals with foreign exchange transactions.

Investment Banking Analyst

Annual salary range: $60,000-$103,000. As an investment banking analyst, you are at the beginning of your career in the investment banking industry. Market research, risk analysis, security analysis, conducting industry-specific research, and developing valuation models are among your responsibilities and duties.

International Trade Analyst

International Trade Analyst Salary Range: $41,500-$100,000 per year. An international trade analyst identifies and analyzes information on trade and economic matters related to a company's or country's competitive position in relation to others in a specific industry or sector.

Banking Consultant

Annual salary range: $37,500-$97,000. A banking consultant greets bank customers and provides account and banking service advice. You advise customers on the viability of a savings account or an investment account. Your responsibilities include responding to customer inquiries about the bank's financial services.

Day Trader

Day Trader Salary: $33,500 to $96,000 per year. A day trader is a stockbroker who focuses on buying and selling stocks on behalf of customers to capitalize on market gains at the end of the day. They concentrate on both short - and long-term gains in a stock portfolio or account. Day traders primarily work on Wall Street at the New York Stock Exchange, but they can also work remotely.


Salary range for a trader: $50,000-$94,000 per year. The primary responsibility of all traders is to buy and sell financial instruments and assets. The specific job duties you have as a trader are determined by the trading sector in which you work.

Business Banking Officer

Annual salary range: $40,000-$94,000. A business banking officer makes new connections by networking and prospecting for clients. Your job duties as a business banking offer include acting as a liaison between the bank and its customers, identifying client needs, completing loan applications, and assisting your retail branch in meeting quarterly goals.

Bond Analyst

Bond analyst salaries range from $38,000 to $87,000 per year. Bond analysts conduct research on municipal, corporate, and treasury bonds, as well as other fixed assets, on behalf of their clients.

Reviewing financial statements and other indicators, making judgments, and providing analysis of these financial instruments for hedge funds, investment portfolio managers, financial advisors, and other financial investment professionals are all part of your responsibilities in this career.

People Also Ask

Which Degree Is Best For Bank Jobs?

A Bachelor's degree in finance, economics, business, accounting, or law is a good degree option for a bank job. You may be able to obtain additional certifications, such as Chartered Financial Analyst (CFA), as well as further your education and obtain a graduate degree.

Is Commercial Banking A Good Career Path?

Commercial banking is a stable and in-demand career path with numerous opportunities. You can work in either a retail or commercial bank. Many positions are becoming remote as physical bank locations close their doors.

Do Banking Jobs Pay Well?

Banking jobs can be lucrative, depending on the position. Financial managers, for example, earn more than six figures per year. Loan officers on the low end make around $63,000 per year.

Final Words

You may have a degree in business, finance, or economics, enjoy working with numbers, and are unsure of your next steps. You've come to the right place. There are numerous open positions available, including these 10 best-paying jobs in major banks. You have many options after graduation if you want to make a career change or break into the field.

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About The Authors

William Willis

William Willis - William Willis is a freelance writer and social media manager who specializes in assisting finance professionals and Fintech entrepreneurs in growing their online audience and attracting more paying customers. William worked as a bank teller and virtual assistant for financial firms in the United States and the United Kingdom for six years before beginning her writing career. William is a strong force in the workplace, inspiring others to work hard and excel with his optimistic attitude and boundless energy. He enjoys hiking, crocheting, and playing video games with his children in his spare time.

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