Best paying jobs in major banks

Do you appreciate working with money in an industry with a great deal of advancement opportunity for people who want to advance in the financial business? Then this list of the best paying positions at major banks is for you.

The nicest aspect of a career in a major bank is that you may eventually select from a broad variety of positions beyond the traditional roles of bank teller and loan officer.

With professionals like you in a major bank, small enterprises may expand and succeed, and families can organise their money and plan for the future.

But of more importance to us is the fact that there are enough opportunities to advance to some of the best paying jobs in major banks as you acquire experience and education.

Consider the following as the best paying jobs in major banks:

1. Chief Marketing Officer 

Average annual salary: $153044

In addition to gathering information about consumers and rivals, releasing new products, and analysing the performance of marketing efforts, a role as Chief Marketing Officer is the best paying job in major banks.

Chief Marketing Officers, sometimes known as marketing directors, aid in the promotion and advertising of goods, companies, and services. Chief Marketing Officers of major banks must choose how best to advertise themselves to enhance exposure.

In this process, marketing departments are often engaged in a variety of facets, including advertising market research, public relations, events, and sponsorships.

The tasks of the Chief Marketing Officer might vary significantly, based on the kind and size of the major bank for which they work.

2. Chief Financial Officer

Average annual salary: $145,612

As one of the best paying jobs in major banks, the CFO develops forecast models, assesses investment risk, and ensures that all accounting operations conform with requirements.

In short, a chief financial officer handles all financial responsibilities for a major bank and assures profitable use of money and resources.

Professionals in this field must have expertise designing financial plans and leading accounting teams to be successful in this profession.

You will be responsible for maintaining the economic solvency of a major bank and enhancing its long-term profitability.

3. Quantitative Analyst 

Average annual salary: $115,559

A quantitative analyst, the third best paying job in major banks, creates mathematical models to comprehend and anticipate market patterns and derivatives’ prices. 

Their high pay scale is justified by the widespread usage of their models by other financial stakeholders, such as risk analysts, value analysts, credit analysts, and traders.

4. Financial Project Manager 

Average annual salary: $109,225

A capable financial project manager plays a crucial role in assisting the organisation in establishing long-term financial objectives to assure a successful future, making this one of the highest-paying positions in major banks.

In short, a financial project manager oversees initiatives that have an effect on the revenue of a major bank.

In our experience, a finance project manager is an essential element of a company’s finance team, often serving as the CFO’s interface.

5. Network Administrator 

Average annual salary: $105,640

A network administrator is the designated individual at a major bank whose duties include the management of computer infrastructures, with a focus on networks.

In major banks, on-site servers, software, and network connections, as well as network integrity and resilience, are crucial areas of responsibility.

The duties of a network administrator, which is one of the best paying jobs in major banks, involve the installation, maintenance, and monitoring of network equipment, such as switches, routers, and firewalls. 

6. Investment manager 

Average annual salary: $103,256

Investment management is a high-paying position in major banks that use money and equity to increase cash flow. They investigate executive funding options for corporations, organisations, and people.

Determining loan eligibility might be a part of the job. Client management comprises communicating with conventional and non-profit organisations’ people and groups in a kind and informed manner.

As one of the best paying jobs in major banks, investment managers must maintain accurate records of transactions, monitor account activity, take the necessary precautions to control risks, and provide accounting reports.

7. Bank Attorney 

Average annual salary: $106,687

As one of the best paying jobs in major banks, the bank attorney ensures that the institution conforms with the law in all aspects of its operations, including contracts, day-to-day and complicated operations, financial arrangements, staff management, etc.

The banking attorney resolves and avoids prospective legal issues to which his employer, a major bank, is susceptible.

This expert intervenes in cases of litigation and recovery. They also perform a daily preventative role and collaborate with colleagues to establish financial initiatives.

Bank attorneys also guarantee that clients’ and the bank’s interests are protected.

8. Corporate Affairs Manager 

Average annual salary: $100,372

The Corporate Affairs Manager creates goals, plans, organises, directs, supervises, and evaluates the persons and activities that fall within his or her purview, under the direction of the ba k management.

One of the best paying job in major banks, a Corporate Affairs Manager advises management and contributes to the design and execution of the orientations, goals, and strategies of a major bank.

9. Compliance Manager 

Average annual salary: $82,941

Each business is controlled by a set of regulations and ethical guidelines that protect employee safety. Within the scope of these legislation, the high-paying job of compliance manager of a major bank comes into play.

The Compliance Manager is mostly engaged by major banks to guarantee that their policies really align with client interests. They are accountable for drafting the regulations in conjunction with the general management.

The compliance manager develops regulations based on several factors, including security, financial stability, and ethics.  This specialist analyses every limitation and danger facing the major bank.

As one of the highest-paying positions at major banks, the compliance manager is also responsible for the development of traceability methods and technologies that simplify the compliance of these stringent but essential regulations. 

Compliance officer and compliance analyst are common synonyms for the compliance manager.

10. Internal Auditor

Average annual salary: $78,621

Internal auditors are responsible for evaluating the accuracy of organisational and financial information supplied to the management of a major bank.

They will be able to create new targets and implement new working practises as a result of the audit. Consequently, the internal auditor’s conventional responsibilities are confined to control and regulation.

In recent years, however, this obligation has developed to suit the increasing requirements of major banks. 

Major banks anticipate that the auditor will add value to their mission by providing guidance, predicting dangers, and comprehending the strategic challenges placed on them.