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How much do finance majors make

finance major salaries

Finance is the backbone of the business world. Materials processing in factories cannot commence, construction in building sites cannot begin, and even goods in the logistics industries cannot be transported until the finances that facilitate all these activities is at in the right place at the right time. This means that the finance department in every industry and company is incredibly important. The finance industry is vast and diverse but always revolves around the tracking of all the financial transactions that occur in these different industries. Let us take a look at the careers available for finance majors and the average salaries that each of them offers.

Financial manager

Financial managers are a vital part of the financial health of organizations. Their duty is to analyze the financial details of the financial, legal requirements, inventory requirements and salary requirements of organizations against the profit levels and financial level of the organization. They prepare reports directing the investment strategies necessary to achieve the short term and long-term goals of the organization. A financial manager earns an average of $109,740.

Personal financial advisor

These professionals assess the financial positions of people and families and help them in making the best investment decisions according to their budget and requirements. These decisions include the purchase of securities, insurance, and other saving strategies. Personal financial advisors earn an average annual salary of $60,533.

Financial analyst

Financial analysts gather information on financial markets and trends in various industries. They analyze this information and provide companies with advice on investment opportunities to pursue. A financial analyst earns an average annual salary of $104,000.

Financial Securities experts

Financial securities experts manage financial portfolios of stock exchange investors. They advise the individuals or businesses on which shares to buy or sell in the financial markets to ensure that they get the maximum returns on their investments. The remuneration for these experts mostly depends on experience, but it ranges from around $60,000 per year to upwards of $150,000 for the very experienced experts.

Accountants

Financial accountants are hired by companies to keep track of all of the transactions that are made within a company. They are responsible for ensuring that the company meets all tax obligations and presenting financial statements on the organization's financial status considering the profit or loss made within periods. The average salary for a certified accountant is $70,000.

Investment bankers

Investment bankers provide information on investment and debt management to individuals, corporations and government bodies. They manage the buying and selling of financial products as well as keep track of mergers and acquisitions for individual and corporate clients. Investment bankers make an average of $96,000 a year.

Actuaries

Actuaries statistically analyze data and present financial information to insurance executives, marketing managers, investment bankers, and other financial institutions to help them on product development, financial planning, and stock offering. The average salary of an actuary is around $106,100 per year.

Credit analysts

These professionals analyze financial information of individuals and companies that are applying for loans to establish the amount of risk that the bank or the lending financial institution will recoup in issuing the loan. The amount of risk will determine whether the loan will be granted or not and, in some instances, even the amount of interest that the loan will attract. Credit analysts earn an average of $83,210 per year.

Financial auditors

Financial auditors ensure that a company's financial records and statements are in good order and compliance with the generally accepted accounting principles. They review financial data scrutinizing for errors and elements of fraud and illegalities. The average salary of a financial auditor is $63,400.

Budget analysts

The main responsibilities of a budget analyst are to analyze how resources are allocated in a company, establish ways to utilize the resources more efficiently and to make a recommendation on better budget strategies for management to execute. The average net annual salary for a budget analyst is $69,280.

Management Analysts

They conduct financial and organizational evaluations and design systems and procedures to help company management operate more efficiently and effectively. These professionals take home a median salary of $82,450 every year.

Financial attorneys

These are finance and legal professionals that handle litigations that involve financial disputes. They use extensive mathematical and analytical skills to present or defend cases that involve financial disputes to courts of law. Financial attorneys earn an annual net salary of around $136,000.

Business teachers

Finance professionals in the education sector are responsible for teaching business, economics and finance principles to students at different levels of education like high school, undergraduate, masters and doctorate programs. The salary of business teachers depends on the education level they are teaching. It ranges from $62,860 to $140,310.

For information on more career options in finance, please visit finance help online.