this video is sponsored by Aura the highest paying Finance career tier list that is what we're going to be going over today we're going to be ranking different Finance careers from s tier which is the best to F tier which is the worst from a financial perspective in terms of how much money you'll make we'll also be talking about other factors but primarily we're going to focus on how much they make so it's really difficult to find accurate numbers on how much you can expect to make in different finance jobs because a lot of the time it doesn't have as much to do with the job you're in but more to do with the company you work for or the industry that you're in so if you appreciate me doing research and doing these types of videos go ahead gently tap that like button and also share the video with somebody else you think would want to see it and if you agree or disagree with any of these rankings let me know down below at the end of the day this is just my opinion and if you think my opinion is wrong that's totally fine it's good that we all start a conversation that we can all learn something from all right so let's get started right away with vice president of analytics so the vice president of analytics is in charge of the collection and Analysis of data and specifically in the finance industry this is incredibly valuable so you want to be able to quickly collect data and then also decide immediately what actionable steps you should take based off of that data glass door has the average salary for this position being between 127,000 to 230,000 but you can see even higher salaries in the finance industry because data is basically everything that's what gives you an edge over your competition and finance is of course incred ibly competitive and I guess I should say that right away uh this list is for people who are like a type personalities you're very competitive probably you know you're okay working like 60 plus hours a week not having a great work life balance but also people who are ambitious and they want to have really highp paying jobs so with that being said this one is going to go into a tier next one on the list is going to be strategy Consulting so this is where you're working for maybe one of the big four accounting firms um and I guess like Consulting in general even though there's a there's a lot of differences there a lot of the time they will end up working in different areas of Finance so if you're like a second-year consultant at McKenzie for instance you're an associate you can expect to make over $200,000 a year in total compensation and there's honestly a lot more to it than that I could probably make like a five video series just on Consulting alone but yeah Consulting can be phenomenal um it's also a career path that leads to many other opportunities this one is going to go into a tier next one on the list is going to be entrepreneur ship so this is basically starting up your own business and there is a ton of opportunity in the finance industry for this now this is high-risk and also High reward but there's a lot of exciting new fintech companies starting up in the space and one of them is the sponsor of today's video which is Aura do you guys know what the fastest growing crime that's affecting millions of people in America is well the answer is identity theft and there is a new victim every 14 seconds a few years ago my roommate had his identity stolen not once but twice and it complet completely turned his life upside down and that's why I'm excited to partner with today's sponsor Aura Aura is Identity Theft Protection fraud monitoring a VPN password management and Antivirus all combined into one easy to use app now you might have one of these Services already but if you don't have all the tools it's like locking the front door but leaving the back door wide open those who have their identity stolen are often shocked when it happens imagine trying to log into your email account one day to see that your password has changed hours ago and then you start getting notifications of activity from your bank credit cards crypto accounts Etc it's scary and unfortunately a reality for too many people thankfully Aura monitors the dark web for emails passwords and Social Security numbers and sends alerts fast right to your phone and email I actually use AA and when I entered my email into Aura they monitored the dark web and found that my email and password had already been exposed once and when it comes to fraud every second matters you can connect your credit card and bank accounts and you'll get notified of any changes up to four times faster than Ora's competitors Ora's VPN allows you to stay anonymous online by keeping your browsing history and personal information safe and encrypted protect yourself and your family from identity theft at www. ora. com shanus and if you sign up right now at aa.
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fast so I can keep this video relatively short not going to explain these decisions all that much so tax director is going to be next one on the list glass store has them making about $123 to $210,000 per year this one goes into a tier now if you go into banking you can expect to make somewhere between 90 to $140,000 a year right off the bat so banking can be really good but it's also really competitive Investment Banking is next on the list and this is something where you might do something like uh mergers and Acquisitions IPOs uh debt refinancing Etc and finance is well known for you to work you know really crazy hours and Investment Banking is actually probably the worst one you're going to be working somewhere between 80 to 120 hours a week easily but you can make over $200,000 a year starting off in Investment Banking if you're able to land a job and it's also basically a pipeline to even better jobs down the line so Investment Banking this one has has to go into s tier so one example would be an investment baking managing director this is definitely not an entry-level job but you know this is one of the ones that you can look for down the line and they absolutely make bank so again these numbers are really hard to find I couldn't find one on glass store but the numbers that I'm seeing are $350 to $600,000 a year and that's just your base salary your bonus ranges somewhere between 100 to 200% of your base so that's 750 to to $1. 8 million a year total compensation so that's just one example not an entry-level job not even close to entry level but that one also is going to go into s tier corporate banking is another type of banking and again I could probably make an entire video just on this stuff alone maybe even entire series of videos but corporate banking you're typically going to focus more on the credit side of things and you can also expect to make pretty good money from this you know over $100,000 a year in your first year so this one is also going to go into a tier next one is direct ctor of financial planning and Analysis now this is not an entry-level job but you can expect to make around $133,000 to $175,000 a year and so because of the fact that it's definitely not an entry-level job but it still has pretty decent pay um I'm going to go ahead and put this one into B tier next one on the list is going to be Asset Management so you're going to be working in Asset Management this is another job you can get right out of school and you can expect to make somewhere around 90 to $110,000 a year so because of the fact you can make $100,000 right after school which is just totally unheard of in almost any other industry this one is going to go into a tier so another route you could go is working in the field of credit this is basically where you're analyzing company's finances and seeing how worthy they are of getting credit basically the ability for them to borrow money so you can make somewhere between $75 to $95,000 a year starting off in credit that's pretty good uh that puts it in the B tier range now a position you might move into is going to be credit risk manager this is not an entry level position and a lot of the time they actually requires a master's degree but you can make according to Glass stor 67,000 to $134,000 a year so overall because it's not entry level because it might require Masters this one is going to go into B tier next one on the list is Corporate development which is similar to mergers and Acquisitions but you're actually working for the company that's making the acquisition this time and I saw a lot of numbers thrown around out there but this one's typically somewhere between 80 to 115,000 a year just starting out so this can be entry level so that's pretty good that one is going to go into a tier all right so now we're going to move into some of the ones that are extremely sought after so these are very difficult to get into right out of school but it's possible so anybody who's familiar with Finance is going to know these uh it's basically three different categories private Equity hedge funds and Venture Capital firms and with all three of these I'm just going to go ahead and and lump them together I might make three separate ones or whatever but uh they're all s TI essentially you can make somewhere between $1 1225 to $250,000 a year just starting off after college which that is just I mean that's just mind-blowing there's a lot of people who work their entire lives you know 40-year careers and they never get to like the $125,000 year mark and with these careers you can actually hit that in the first year a lot of people even if they start off in something else like banking for instance this is their goal is to get into Venture Capital uh hedge funds or private Equity next on the list is going to be equity research and there's actually a lot of different career paths you can go down one of them is equity analyst so the glass door salary range here is 64,000 to $164,000 a year which is a pretty big range and basically you're analyzing company's stocks and then you're making predictions about where that stock is headed in the future so this can be a pretty good one to go into I'll put it into a tier next on the list is going to be a financial analyst now these two things sound very similar right but Financial analysts make much much less about $49 to $889,000 a year still pretty good but for this list not amazing I'm going to go ahead and put it into C tier another one you hear a lot about is finance manager this is a very common one you see on BLS and basically this is the guy at the car dealership who tries to get your car financed for you and spits out a number and according to BLS Finance managers make about $108,000 a year next one on the list is going to be a software developer that works in finance so you have the skills of finance and software development at the same time a lot of the time you might be working for a Quant hedge fund so a hedge fund that focuses specifically on mathematics and you can make really really good money we're talking like $100,000 a year starting out uh $200,000 total comp so this one is going to go into a tier next one on the list is going to be a finance Quant Trader so again you would be working at a quantitative hedge fund a lot of the time your base will be 125 to 150k in your first year working for them and with the bonus you might hit over $200,000 so this one is going into s tier next one on the list is going to be sales and trading now this can be a very high press you know stressful type job but the good thing about it is you're typically only working during trading hours and this is one that you could potentially get right out of school and you might crack six figures and so for that reason I'm going to go ahead and put this one into a tier next one on the list is going to be a hedge fund manager and I think this one goes without saying you know the typical hedge fund manager makes 2. 4 million and that's just like tiny hedge funds the highest paid hedge fund manager in the world at least last year is Izzy Englander he made 3.
