Top 15 Best Paying Jobs In Major Banks in 2024

Numerous types of banks and financial organizations comprise the banking business. Small companies and individuals receive financial services from retail banks and credit unions. It may include checking and savings accounts, assistance with loan and mortgage applications, and more customized investing services. The clients of commercial banks are significant businesses, corporations, and financial institutions. You can discover many work options based on your talents, experience, and qualifications, but all retail and commercial banking positions involve delivering financial services or financial advice. The major banks in the USA include the following:

● JPMorgan Chase

JPMorgan Chase’s consumer banking division is Chase Bank.

 ● Bank Of America

Globally, Bank of America serves around 66 million consumers and small business clients. It offers strong digital capabilities, including a versatile mobile application similar to many of the largest banks.

● United States Bancorp

U.S. Bancorp is the parent business and bank holding company of U.S. Bank. The First National Bank of Cincinnati, today the fifth-largest commercial bank by assets, was founded in 1863 as the First National Bank of Cincinnati.

● Citigroup

Citigroup is a multinational provider of financial services. Citibank’s retail banking division has its headquarters in Sioux Falls, South Dakota.

● Wells Fargo

In 1852, Wells Fargo was formed. Despite the bank’s efforts to consolidate and eliminate branches, it still has more branches than any other bank in the country. The following are some of the top 15 best-paying banking jobs in the USA:

1. Financial Manager

A finance manager’s average annual pay is $134,180. A financial manager develops predictions, business activity reports, and financial statements for enterprises, banks, and non-profit organizations. Financial analysts and budget analysts may fall under their supervision. They verify compliance with all legal obligations by monitoring financial information. They may research market trends to identify profit-maximizing opportunities.

A bachelor’s degree, preferably in business, finance, or economics, plus at least five years of experience as a financial analyst, accountant, or stockbroker are required to become a financial manager. We anticipate that financial managers’ job positions to increase by over 10% between 2022 and 2030, which is significantly faster than the average demand growth rate.

2. Financial Examiner

The average income of a Financial Examiner is $81,430 per year. By evaluating financial papers such as balance sheets, income statements, and loan documents, a financial examiner checks the financial health of a bank or other financial institution. They may also compose reports on an institution’s financial health. A financial examiner may focus on risk assessment (the institution’s financial health) or customer compliance (ensuring fair treatment for borrowers).

You require a bachelor’s degree to become a financial examiner, especially in accounting or a similar business field. Seasoned examiners often train financial examiners on the job. You can become a Certified Financial Examiner by completing the necessary coursework and passing the required examinations.

The need for financial inspectors is rising significantly faster than the national average. From 2022 to 2030, the Bureau of Labor Statistics projects an 18% growth in the number of financial examiners.

3. Mortgage Branch Manager

Their typical annual pay ranges from $80,000 to $175,000. Mortgage branch managers supervise the everyday activities of mortgage providers, banks, and credit unions. Compliance, underwriting, operations, sales, and processing are just some of the responsibilities of a branch manager. A branch manager oversees branch operations and coordinates branch activities with corporate headquarters. Their success or failure is entirely attributable to their leadership.

CEOs manage all business lines in a corporation, whereas GMs are in charge of a single business line. The product manager is sometimes referred to as the general manager in technological organizations. The general manager of an organization is known as the branch manager.

The primary responsibility of mortgage account executives is establishing and managing mortgage broker networks’ national or regional sales activities. Advising and assisting approved brokers is knowledgeable about all loan products and regulations.

4. Investment Counselor

Registration is required under the Investment Advisors Act of 1940 for investment counselors and advisers who evaluate and make recommendations on a client’s securities for a fee but do not have physical custody of those securities.

Investment advisors give investment recommendations or conduct security analyses for a fee. The fiduciary duty of financial advisors is to safeguard their clients’ assets.

The Investment Specialist purchases and sells short-term securities, such as commercial paper, to address short-term investment and financing requirements. They establish a daily selling quantity and price based on market conditions. Preparing periodic investment reports is a requirement for the position of Investment Specialist.

The majority of investment consultants hold a bachelor’s or master’s degree in an area linked to finance, such as accounting, business, or economics. Although not required, students may also take courses on investing, taxes, risk management, and estate planning.

5. Securities And Commodity Sales Representative

Their average wage is $64,770 per year. Those who buy and sell securities such as stocks, bonds, and mutual funds are known as “stockbrokers.” Additionally, they may trade commodities such as gold, maize, or pork belly. Commodity traders specialize exclusively in items. These financial professionals contact prospective clients to give information and describe the services available. They provide recommendations and enable the buying and sale of securities and commodities. To inform their advice, they will monitor the financial markets and the performance of individual securities and examine companies’ finances.

To become a sales agent for securities or commodities, you need a bachelor’s degree in business, finance, or economics. You must register with the Financial Industry Regulatory Authority (FINRA), which requires you to pass state and national securities examinations. You must participate in continuing education courses and link with a broker-dealer to keep your license.

These sales positions are frequently at least partially commission-based; hence compensation varies greatly. The Bureau of Labor Statistics projects a 4% rise in the employment of securities and commodities sales agents from 2022 to 2030, which is less than the average increase for all occupations.

6. Credit Analyst

A credit analyst looks at the firms’ and people’s financial information to determine the level of risk associated with lending them money. Additionally, the credit analyst will be responsible for preparing reports on credit information used in decision-making.

A bachelor’s degree is required to work in credit analysis, and the degree should ideally be earned in a subject related to business, such as accounting, finance, or economics. As more credit analysts’ job functions become automated, there is a corresponding decrease in the need for their services. The number of people holding this position is anticipated to decline by 6% between 2020 and 2030.

7. Private Banker

Their annual salary ranges from $58,500 to $125,000. Private bankers at financial institutions cater to high- and ultra-high-net-worth people. This position is primarily responsible for managing clients’ financial circumstances and providing them with financial guidance. Private bankers are typically needed to have a bachelor’s degree, and the majority are licensed.

Private banking is typically reserved for persons with a net worth of at least $750,000, as determined by the Securities and Exchange Commission.HNWIs leave their finances to private bankers, who enjoy reasonable hours and less stress. The average net worth of an HNWI is between six and seven digits (or even more).

Those with a background in financial services, a willingness to assist others, and superior analytical and problem-solving skills may be interested in a career in private banking. A skilled personal banker can increase the wealth of clients. Consequently, commissions are raised.

8. Bank Secrecy Act Agent

Their annual compensation ranges between $64,500 and $115,000. Bank Secrecy Officers, also known as BSA Officers, are employed by banks, credit unions, and other financial institutions to ensure adherence to the Bank Secrecy Act’s laws and regulations.

The BSA compliance officer’s responsibilities include coordinating and monitoring BSA/AML compliance. As part of the BSA/AML compliance program, the BSA compliance officer manages the bank’s compliance with BSA regulatory obligations.FinCEN oversees the BSA, and regulatory bodies conduct examinations. FinCEN should additionally collect and share the BSA data. Financial institutions must produce reports that aid law enforcement investigations as part of the BSA.

To combat money laundering in the United States, Congress passed the Bank Secrecy Act (BSA) in 1970. Since then, financial institutions have collaborated with government agencies to defend their customers, communities, and country.

9. Loan Officer

The average annual income for a Loan Officer is $63,380. Loan officers interact with consumers of financial institutions to accept and evaluate loan applications. Personal loans, house mortgage loans, and other consumer and business lending products are among the loan products with which loan officers can work. Additionally, they can specialize in a specific product, such as mortgage loans.

You will conduct one-on-one interviews with consumers to determine their needs so you may recommend the most suitable financial products. It is the ideal position for someone who enjoys interacting with others. This position is sales-driven, so if you want the competition that sales provide, you will enjoy this career. Depending on your success, there is the potential to earn a substantial salary as a loan officer.

The tasks of a loan officer include the following:

  •  Interviewing bank customers to recommend the appropriate loan product.
  • Assisting customers with loan applications.
  • Reviewing and evaluating the loan application for approval

10. Auditor

The average auditor’s salary is $73,560 per year. Auditors review financial statements to verify their accuracy and conformity with applicable regulations. They examine the accounts and systems to ensure that accounting rules are being adhered to and to search for indications of fraud. They evaluate financial operations, identify risks and obstacles, and suggest cutting expenses and increasing earnings. Auditors may examine both the bank’s records and the records of current and potential clients.

A bachelor’s degree in accounting, finance, or another business subject is required to become an auditor. Certification as a Certified Public Accountant requires job experience and passing a four-part exam. Additionally, an auditor can become a Certified Internal Auditor by gaining the necessary work experience and passing the exam. Other certifications and titles, such as Certified Information Systems Auditor and Certified Management Accountant, are also available to auditors. We expect the demand for auditors to increase from 2022 to 2030.

11. Financial Analyst

The average income of a Financial Analyst is $83,660 per year. Financial analysts assess present and historical financial data to recommend specific investments and investment portfolios. They may study financial documents to estimate a firm’s value if, for instance, the company intends to go public or is an acquisition candidate.

Typically, a financial analyst will hold at least a bachelor’s degree in business. The majority of financial analysts have a master’s degree. You can become a Chartered Financial Analyst, a credential awarded by the CFA Institute, bypassing many tests and accumulating the necessary years of work experience.

The Bureau of Labor Statistics projects a six percent increase in demand for financial analysts between 2020 and 2030.

12. Business Banker

Their typical annual compensation ranges from $69,000 to $105,000. Business bankers advise clients through various services, procedures, and products, such as stocks, bonds, loans, foreign transactions, real estate, trade credits, insurance, etc.

According to ZipRecruiter, Business Banker salaries range from $142,000 to $43,000 annually, with the highest earners (90th percentile) earning $135,000.

Most financial institutions demand a bachelor’s degree in finance, accounting, or a similar discipline to become a business banker. In addition to having strong communication abilities, you should be able to deliver excellent customer service and make sound judgments.

Therefore, it is essential to be meticulous with strategy, customer interactions, and talent acquisition. A senior executive or leader at a bank earns, on average, $100,000 per year. Commercial banking offers numerous employment opportunities, ensuring that the answer to the question, “Is commercial banking a good career path?” is affirmative.

13. Bank Teller

Their average wage is $32,620 per year. Bank tellers assist banking customers with financial transactions such as check cashing, depositing and withdrawing funds from bank accounts, transferring funds and wire transfers, issuing money orders and cashier’s checks, and other financial transactions.

A minimum of high school graduation is required to become a bank teller. It is a consumer-facing position; therefore, you must be able to communicate well and provide excellent customer service. Your superiors will ask you to cross-sell or refer banking products to new ones; therefore, you must be familiar with the bank’s goods and services.

You will spend most of your day doing basic bank transactions for customers. You will enjoy the privileges of working in banking, such as a 9-to-5 schedule with banking holidays off.

Bank tellers assist customers with regular financial transactions such as moving, depositing, withdrawing funds, and issuing cashier’s checks. As more customers do banking transactions online, the demand for tellers decreases. From 2020 to 2030, the Bureau of Labor Statistics projects a 17% fall in the number of tellers.

14. International Trade Analyst

Their annual pay ranges from $41,500 to $100,000 in total compensation. An international trade analyst is responsible for locating and analyzing data on trade and economic issues that are connected to the relative position of a company or country concerning those of other entities operating within a specific industry or sector.

 Your tasks as an international trade analyst will include conducting significant qualitative and quantitative research on a wide range of potential investment projects, markets, industries, and trade barriers, as well as offering solutions to any problems you identify.

Other responsibilities include planning and executing research designed to uncover emerging trends and formulating and implementing strategies to capitalize on those trends, particularly when companies are looking to expand into new geographic markets. You are also responsible for researching all trade regulations for these new markets. Additionally, you assist trade specialists by generating technical reports on investment opportunities, offering valuable data, statistics, forecasting, and market analysis.

15. Investment Banker

The average investment banker’s compensation is $134,180 per year. Well-established financial institutions that assist financing for large firms and organizations employ Investment bankers. An investment bank sets the price and administers the process when a company “goes public” by issuing stock for the first time in an Initial Public Offering or IPO. These agreements are negotiated and executed by investment bankers.

The Bureau of Labor Statistics classifies investment bankers among other financial managers with a five-year average salary of $134,180. According to the Corporate Finance Institute, an investment banker can make up to $100,000 immediately after college.

Investment banking is a highly performance-driven profession; consequently, many organizations combine modest wages with substantial performance bonuses. It contributes to a culture of excessive hours and stress. A bachelor’s degree in finance or economics is required to become an investment banker. Many investment bankers hold an MBA as well. You must pass the necessary exams to register with the Financial Industry Regulatory Authority.


You may have a business, finance, or economics degree, enjoy working with numbers, and are unsure about your future steps. You are fortunate. Numerous unfilled roles are available, including these 15 best-paying jobs in big banks. You have several possibilities after graduation if you want to make a career change or break into the sector.

Of course, you can base your decision on the wage, tasks, or atmosphere. While compensation is crucial, you also want to find something suitable at a firm that supports your progress and equips you with new abilities.

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