12 Of The Highest Paying Finance Jobs (These Make You Over $105,678)

– In this video, I'm gonna show you 12 of the highest paying jobs in finance that can make you over $105,678 a year. These are the same career paths in finance we have our students target, because of their high compensation levels, and because of the
great exit opportunities you can get from them. This is Tier 1 Wall Street, where we help students and recent grads get the tools they need to land some of the highest
paying jobs in finance. So you know exactly what to
target coming out of school. Let's go. (energetic electronic music) Okay, so for our first job, we have one that's pretty little known and tends to fly under the radar. And that's corporate development.

What is corporate development? It's essentially where you're doing mergers and acquisitions work for like a big Fortune 500 company. So think of a healthcare based company that grows by acquiring
different surgery centers. You would be the analyst that does work in terms of identifying
potential acquisition targets, putting together the models behind it, and doing a lot of other
things related to that. Corporate development is pretty similar to investment banking, which
I'll explain in a little bit, because you're doing similar type of work.

But it comes with a much better lifestyle, 'cause you're not gonna be working the same kind of crazy hours you would for something like investment banking. But even with that, you can
still be making anywhere from 75,000 to $110,000
right out of school. So if you're looking for a
really good analytical type job, where you can have a great lifestyle and make a good amount of money, corporate development's a great fit. And the nice thing about it is you can use something like this to even leapfrog into a job
like investment banking, which leads me into my next role, which of course, is investment banking.

Investment banking is probably
one of the most lucrative, sought after entry level jobs in finance, probably because of its high pay. Within investment banking, you could be making anywhere
from 90,000 to 140,000 in total compensation right out of school, which probably makes it one of the highest paying jobs in finance. So what is investment banking? It's essentially where
you're gonna be working on different deals and transactions that a bank would be doing for a company. So for example, you can be working on anything from a merger
between two companies, an IPO of a new company,
or even just a basic, you know, bond issuance deal. And within an investment bank, it can be broken down in
a couple different ways. One way is by industry, where you can be on a healthcare team, a TMT team, a natural
resources team, et cetera. It can also be broken
down into product groups, where you can be on the
mergers and acquisition team, M and A, the leverage
finance team, levfin, and of course, they also have
the capital markets division, where that's usually broken
into equity capital markets and debt capital markets.

So like I said, investment banking comes with one of the highest comps you could possibly get
right out of school, but it also comes with
some of the highest hours you can be working out of school. You know, normally,
you'll be doing anywhere from 80 hours to 100 hours a week, sometimes even going up to 120 hours. So as long as you can
handle doing PowerPoints and building out models till
two o'clock in the morning and being back there at seven, great. But the nice thing about
investment banking is it comes with some of the best exit
opportunities in the industry, and is as a great way to break into things like private equity and asset management, which I'll explain later on.

Next up, we have sales and trading. So what is sales and trading? It's pretty self explanatory. It's basically where you're doing trading for a big name bank. And one of the big differences between sales and trading
and investment banking is usually a little bit less
hours with sales and trading, but it tends to come with
higher pressure situations because you're trading legit money. So if you're one of those people that would prefer less hours, but can handle the higher
pressure situations and maybe just need to cool
off at the end of the day, it's a great role to get into. And at the same time, if you're interested in things like investing
and trading longer term, it's a great place to start. And within a job like that, you could be making anywhere from 90,000 to $125,000 in total
comp right out of school. So depending on which route you wanna go, both investment banking
and sales and trading are great jobs to get into.

Very, very competitive,
but at the same time, obviously some of the highest
paying jobs within finance. Next up, we have corporate banking. So what is corporate banking? It's kind of similar
to investment banking, but obviously it's
different at the same time. So, corporate banking,
you're more focused on analyzing a company's credit worthiness, the terms of the loan and stuff like that. Whereas within an investment bank, you'll be focused more on like
high yield bond issuances, and more like LBO type of stuff. But corporate banking is still
a great role to get into, and you could be making
anywhere from 90,000 to $125,000 right out of school. Next up, we have equity research, and what is equity research? It's essentially where
you'll be putting out research reports for a
bank or even a small firm. So if you ever been on Yahoo
Finance or Google Finance, and you saw an article about how a Morgan Stanley analyst
put out this new report or this new price target on Tesla, that's the equity research department.

So you'll be analyzing different stocks, you'll be putting together
research on your opinions, you'll be putting out
reports after earnings, building out models, et cetera. Great job to get into, usually not as easy and direct to get into entry
level right out of school, but there's still ways to do it, and if you're able to do that, you can be making anywhere from 90,000 to $120,000 right out of school. So now that we've talked about
the banks for a little bit, we're gonna move on to a
different section here, which is the big four accounting firms. Now normally, when you
think of an accounting firm, you're probably thinking audit or tax and all that kind of boring stuff. But within some of the accounting firms, they actually have some good departments which are good jobs to
use to kind of leapfrog into some of those
lucrative banking type jobs like I mentioned before. One of those being corporate advisory, where essentially you're doing advisory and consulting base work on different deals and transactions that the accounting firm
might be working on. There's also things like valuation, where you'll be doing work in
terms of valuing companies, certain parts of deals,
et cetera, et cetera.

And within these jobs,
you can be making anywhere from about 75 to $85,000
right out of school. So still a pretty lucrative
career to get into if you can get into either
of those departments, and both of those jobs are great to use if you're trying to look for
that kind of stepping stone job to kind of leapfrog you into one of those more lucrative banking type
jobs like I mentioned before. Next up, we probably have our most lucrative group of the bunch, which is the buy side. And on the buy side, this is really where you start to see some of the highest
paying jobs in finance. So what is the buy side? The buy side is where
you're working at a firm that manages other people's
money and invests it in stuff.

So our first group here is
gonna be private equity. So what is private equity? That's where you're investing other people's money
into private companies, whether it's a company
that's completely private, or it's a company that's public and you're taking private via an LBO. And you were probably thinking before, why do people do all those crazy hours in investment banking? Why do you put up with it? Obviously, comp's great, but you know, it's nothing like super. So if you're on a big
name private equity firm, like a KKR, you could be making anywhere from 100 to $250,000
in total compensation. That's why people do investment banking, because normally to get into a big name private equity firm like that, it takes about a year or two of investment banking
experience to make that leap. So the reason people do that crazy stuff within investment banking is to make the leap to the buy side, whether it's a private
equity firm, hedge fund, asset manager, whatever it is.

There are a lot of other
small private equity firms out there as well, that you know, you obviously won't be
making the same kind of comp. To get into a really, really big name one, you know, right out of school,
probably a little bit tricky, you know, you would probably need some serious internship
experience under your belt with investment banking or
other private equity firms, and you would need some
pretty legit connections to help you get in, but it's
not completely impossible. And like I said, there's thousands of private
equity companies out there, where you can have better odds of getting an entry level
job right out of school, but you won't be making that
crazy comp like I said before. Next up, we have asset management. And here I'm specifically referring to like asset management within
a big bank like a JP Morgan, or big firms like a
Fidelity or a BlackRock. Same kind of idea as private equity, except you're pretty much investing in whatever the firm's style is. So it can be anything from equities to debt to private companies to startups, whatever the firm's strategy is, that's what you're investing in.

And within an asset management job at like one of the big
banks or like a BlackRock, you can be making anywhere from 85,000 to $110,000 in total
comp right out of school. So again, this is also a very, very competitive job within finance, you probably need some pretty solid internship experience on your belt, but it's definitely
something you can get into right out of school if you've
played your card right. And you might be thinking, why haven't you talked about hedge funds? The big hedge funds, they
pretty much always require a good amount of investment
banking experience, it's not something you're
really gonna get into right out of school unless
you have some ridiculous connections and really know your stuff, which is why I haven't mentioned it.

Last up, we have credit. It's essentially where you're doing work in terms of analyzing a
company's credit worthiness, a piece of debt's credit
worthiness, et cetera. So specifically, I'm gonna
refer to the rating agencies like Moody's, S&P or a Fitch. And within a rating agency like that, you could be making anywhere from 75,000 to $85,000 right out of school, which is still a pretty
lucrative role to get into. Because on the job, you'll be doing stuff pretty similar to some of the things you would do at an investment bank. You'll be working on deals, you'll be building out
models on companies, et cetera, et cetera. And working at a rating
agency within the credit space is also a great thing to do if you're looking for a job
that can help leapfrog you into something more lucrative,
like investment banking, or something on the buy side. If you liked this video,
feel free to subscribe or follow us by clicking the button below.

Also, if you're looking
for more strategies in terms of getting some of these jobs and what you need to do,
head over to our website at tier1wallstreet.com and
subscribe to our newsletter to get exclusive strategies we only share with our subscribers. It's free. Now I'm gonna turn it over to you. Which jobs are you most
interested in getting, and how has it gone so far? Feel free to leave a comment
below and let me know. (upbeat electronic music).

test attribution text

Add Comment