13 Best-Paying Jobs in Major Banks (2024)

Working in banking has many perks, from high salaries to advancement opportunities. Depending on a person’s career goals, different positions within a major bank can reward them with six-figure earning potential, predictable schedules and plenty of days off. Jobseekers can find the best-paying jobs in banks in the investments and commercial banking sectors.

Why do people want to work in banking?

Banking offers many benefits for those with an eye toward long-term career growth and immediate flexibility. Banking professionals can follow the typical “Monday through Friday” workweek or pursue an alternative schedule in branches inside grocery stores or shopping malls. Banks pay well, especially for bankers who seek additional certifications or licenses.

The generous benefits packages, days off and advancement opportunities make finding work at a bank a rewarding experience. But what are the best jobs for those who want to work at major banks?

Below are some of the highest-paying jobs at banks, from entry-level positions to managerial roles.

1. Investment Banker

Investment banking is a lucrative career in the finance industry. These professionals combine their analytical abilities, persuasive communication skills and financial services expertise. An investment banker helps corporate clients secure funds and acts as a financial advisor. Investment banking positions range from entry-level to high-level executive roles.

Investment banking is a high-stakes industry, and there’s a range of income depending on seniority and where an investment banker works. An investment analyst with several years of experience could make $94,755. An executive-level investment professional could earn over $350,000. Either way, this role has a high potential for advancement.

2. Financial Manager

Financial managers focus on preparing financial statements and activity reports. They also forecast business results. A financial manager’s other responsibilities include supervising associates who perform financial reporting tasks and helping members of management make financial decisions.

Various financial managers fulfill different organizational needs. Some, like controllers, direct financial report preparation. Others manage cash and credit accounts for the organization.

Financial managers typically work full-time hours in a corporate setting. For their skills, they receive a median annual wage of $131,710.

3. Loan Officer

Loan officers review loan applications for various personal and business loans, including home mortgages, student loans, car loans and small business loans. The loan officer determines an applicant’s ability to repay the loan. In many cases, their work involves answering questions from prospective customers and even reaching out to new clients through sales calls.

Loan officers also contact borrowers who have missed loan payments. These collection officers start collecting assets a borrower has put up as collateral.

Loan officers primarily work in credit unions, commercial banks and mortgage companies. Some mortgage officers work outside the office and meet clients at their homes or businesses.

The median salary for loan officers is $63,380, but average annual wages can scale much higher depending on the industry. Loan officers working at central banks make an average salary of $110,580 per year.

13 Best-Paying Jobs in Major Banks (1)

4. Commercial Banker

Commercial bankers focus on helping small and mid-sized businesses meet their financial needs. A commercial banker’s day-to-day job might look different depending on the number and size of their clients, but it can involve:

  • Basic cash management services.
  • Foreign exchange supports.
  • Payment processing.
  • Providing lending solutions.

Commercial bankers may not need special certifications to do their jobs, but it can be an attractive sign to employers that they are committed to the work and future growth. Most commercial bankers have a bachelor’s degree, often in finance, business or associated fields.

The salary for a commercial banker in the United States varies by location, skills and experience, but the nationwide median base income for the position is $96,424.

5. Equity Analyst

Equity analysts focus on providing financial guidance to investors, brokers and consultants. They use stock and bond expertise to prepare reports and develop forecasts to help their colleagues decide on investment opportunities. Equity analysts typically have bachelor’s degrees in business or other related fields.

Equity analysts earn healthy compensation for their efforts. The median annual salary for this position in the United States is $95,570.

6. Financial Advisor

Personal financial advisors help clients manage their finances and create plans for their financial future. This role requires a mixture of interpersonal skills, research and being able to explain what financial services are.

Most personal financial advisors obtain a bachelor’s degree, though most employers do not require a specific course of study. Common degree paths for financial advisors include business, social science or math. They may also take classes in investments, taxes, estate planning or risk management.

Personal financial advisors can make a median salary of $94,170, although that number can vary based on location or credentials.

7. Investment Counselor

Investment counselors provide financial advice to both public and private sector companies. Most people in this role specialize in insurance, investments or retirement planning. An investment counselor works with businesses to find opportunities to grow their money. This includes stocks, bonds, funds or other assets that make financial sense.

Investment counselors (sometimes called investment advisors) typically have a bachelor’s degree in business, finance or other related fields. More importantly, they must register with the SEC or state securities regulators.

The median salary for investment counselors in the United States is $89,160. This number can vary due to experience, type of clients and location. Commission structures can also impact compensation.

8. Budget Analyst

A budget analyst prepares reports on spending and helps companies — including banks — maintain operational budgets. Budget analysts’ primary job duties include many of the following tasks:

  • Developing budgets
  • Reviewing budget proposals and funding requests for accuracy
  • Combining program and department budgets into an overall organizational budget
  • Explaining funding requests to external and internal stakeholders
  • Helping managers analyze proposed plans and find alternatives
  • Monitoring spending to ensure it fits within the budget

Budget analysts often need a bachelor’s degree in business or social sciences. The median pay for a typical budget analyst in the United States is $79,940.

9. Credit Analyst

Credit analysts assess the creditworthiness of individuals or companies. Their primary job is to ensure those clients will honor their financial obligations. Credit analysts look at many factors to make these determinations, including past financial and credit history. Most credit analysts work for credit rating agencies, credit card companies, investment firms and commercial and investment banks.

Most credit analysts hold four-year degrees in accounting, economics, finance or other related fields. Some companies may prefer candidates with MBAs or specific certifications. The median annual salary for a credit analyst is $77,440.

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10. Accountant

Accountants prepare financial records for their clients, which includes banks and other large financial institutions. Management accountants — also called cost accountants — combine their accounting skills with financial information to help guide businesses’ decision-making.

Accountants typically have a bachelor’s degree in their field. The median annual salary for accountants is $77,250.

11. Mortgage Branch Manager

Mortgage branch managers guide and supervise team members at a mortgage-specific bank location. They take charge of all activities at the office, including sales, loan operations and administration. Much of this work involves sales leadership, training and adhering to proper accounting and reporting.

Most mortgage branch managers need at least three to five years of retail sales management experience, but they must also show knowledge of banking services. While a college degree is not a strict requirement, a bachelor’s degree is common among financial managers. The median salary is $64,119.

12. Stockbroker

At a basic level, stockbrokers buy and sell stock for investors via orders they place on the stock market. Most stockbrokers charge a commission or a fee. Stockbrokers manage money to optimize financial gain for their clients. It is fast-paced, often stressful work that rarely has a typical “day in the life.”

Stockbrokers must have a keen attention to detail, an analytical mind and a love for research. Most stockbrokers have a bachelor’s degree, although earning an advanced degree can be helpful. Stockbrokers must achieve licensing through the Financial Industry Regulatory Authority (FINRA).

The median pay for a stockbroker in the United States is $62,910. Compensation can vary depending on location, commissions and the bank the broker works for.

13. Branch Manager

Bank branch managers have several responsibilities. They oversee the daily operations of a bank’s office, which includes managing staff and resources, developing team sales goals and ensuring quality customer service.

A branch manager’s education requirements usually involve undergraduate studies in finance, accounting or other business programs. Because a branch manager oversees operations and a team of people, they earn a median salary of $62,701.

Is Banking a Good Career?

Banking is a fantastic career for anyone with an eye toward career advancement and an industry that will be around for a long time. Helping others save and invest their money, buy houses and achieve their financial goals is rewarding work. It just so happens to pay well, too.

Top Takeaways

  • The banking industry includes several different jobs, from customer service to sales and advising roles.
  • Some of the highest-paying banking roles focus on investments and commercial banking.
  • Many high-paying banking jobs require a bachelor’s degree.
  • Banking offers room for advancement, even for those who start as bank tellers.

(Reporting by NPD)

13 Best-Paying Jobs in Major Banks (2024)


What job at a bank makes the most money? ›

The best-paying jobs in major banks include financial analysts, accountants, and managers overseeing financial operations, marketing, and sales. Most of the highest-paying jobs major banks offer require at least a bachelor's degree and several years of experience.

What is the highest paid job in banking? ›

Here are the highest-paying bank jobs in India:
  • Internal Auditor. The key responsibility of an internal auditor is to evaluate how the bank's finances are taking place and to structure risk management. ...
  • Equity Trader. ...
  • Bank Manager. ...
  • Investment Banker. ...
  • Foreign Exchange Trader. ...
  • Relationship Manager. ...
  • Budget Analyst. ...
  • SBI PO.
Oct 27, 2023

Which big bank pays the most? ›

Goldman Sachs is the highest paying bank overall - $398k in combined salaries and bonuses, on average. Goldman Sachs, which paid average salaries of $200k and average bonuses of $199k for 2023, was the highest paying bank we polled.

What is the highest paid department in banks? ›

Macro sales and trading jobs pay an average of $485k

It's macro sales and trading jobs that pay the most in banks, with average salaries of $263k and average bonuses (in 2023) of $222k. Macro traders include traders working on foreign exchange desks and interest rate trading desks and related derivative products.

Who are the highest paid bank employees? ›

High Paying Bank Jobs
  • Equity Research Associate. ...
  • Trade Analyst. ...
  • Bank Secrecy Act Officer. ...
  • Day Trader. ...
  • Trader. ...
  • Mortgage Branch Manager. Salary range: $64,000-$102,500 per year. ...
  • Regional Branch Manager. Salary range: $71,000-$102,000 per year. ...
  • Business Banking Officer. Salary range: $67,500-$102,000 per year.

Which type of banking pays the most? ›

The highest compensation per hour, as well as the highest compensation full stop, was to be found at hedge funds. Hedge fund professionals earned almost twice as much per hour as those at private equity funds. Following a difficult year for M&A bankers, their hourly pay slipped below other functions.

What is the hardest job in banking? ›

Wealth managers and Private Bankers are stressful jobs in finance. Finishing near the top on some surveys and further down on others, wealth managers and financial advisors deal with one particular vehicle for stress: they eat only what they kill. Wealth managers get fired nearly as often as they get hired.

What is the best position in a bank? ›

For those seeking a career in banking, here are some of the top high paying and popular bank jobs in India.
  • Investment Banker. Investment banking is one of the most lucrative careers in the banking sector. ...
  • Wealth Manager. ...
  • Risk Manager. ...
  • Credit Analyst. ...
  • Branch Manager. ...
  • Financial Analyst. ...
  • Relationship Manager. ...
  • Treasury Manager.
Feb 25, 2023

What bank pays the highest rate? ›

Best High-Yield Online Savings Accounts of May 2024
  • BrioDirect High Yield Savings Account: 5.35% APY.
  • Ivy Bank High-Yield Savings Account: 5.30% APY.
  • TAB Bank High Yield Savings: 5.27% APY.
  • UFB Secure Savings: Up to 5.25% APY.
  • EverBank Performance℠ Savings: 5.15% APY.
  • Bask Interest Savings Account: 5.10% APY.
Apr 26, 2024

Which US bank pays the best? ›

Top companies for Bankers in United States
  • Dexian. 3.6 $24.81per hour. 602 reviews20 salaries reported.
  • Think Bank. 4.3 $24.38per hour. 18 reviews7 salaries reported.
  • Wells Fargo. 3.7 $24.31per hour. 46,094 reviews25 salaries reported.
  • Chase. 3.8 $22.88per hour. ...
  • M&T Bank. 3.4 $22.46per hour. ...
  • Show more companies.

Which bank pays the most as a teller? ›

Top paying companies in Financial Services for Bank Teller are Citi, JPMorgan Chase & Co, and Citicapital Commercial Corp.
  • Citi$51,655/yr.
  • JPMorgan Chase & Co$50,554/yr.
  • Citicapital Commercial Corp$48,916/yr.
Apr 7, 2024

Which bank is the most prestigious to work for? ›

Goldman Sachs & Co.

Another US institution that's a global leader in financial services, Vault ranks Goldman Sachs & Co. as the most prestigious bank to work for. Goldman works with clients ranging from individuals to governments and is a leader in investment banking, securities, and investment management services.

Which bank gives the highest salary? ›

State Bank of India (SBI) provides the highest salary among all public sector banks in India. They will give an enormous amount of pay along with handsome perks, allowances, and benefits to the employees. SBI PO is one of the most demandable and desirable jobs in the Banking sector.

Which department in bank is best to work? ›

13 Best-Paying Jobs in Major Banks
  • Investment Banker. Investment banking is a lucrative career in the finance industry. ...
  • Financial Manager. Financial managers focus on preparing financial statements and activity reports. ...
  • Loan Officer. ...
  • Commercial Banker. ...
  • Equity Analyst. ...
  • Financial Advisor. ...
  • Budget Analyst. ...
  • Credit Analyst.
Nov 21, 2022

Which degree is best for a banking career? ›

While an MBA with a concentration in finance is the most common choice for future bankers, other paths are available. For example, some bankers pursue a master's in finance or economics.

What do banks make most money on? ›

Commercial banks make money by providing and earning interest from loans [...]. Customer deposits provide banks with the capital to make these loans. Traditionally, money earned in the form of interest from loans often accounts for up to 65% of a banks' revenue model.

What kind of bank account makes the most money? ›

High-yield savings accounts—typically found at online banks, neobanks and online credit unions—are savings accounts that offer a higher APY compared to regular savings accounts. This is one of the best types of savings accounts to maximize your money's growth.


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