15 of the Best-Paying Bank Jobs To Consider Pursuing

By Indeed Editorial Team

Published November 23, 2021

The Indeed Editorial Team comprises a diverse and talented team of writers, researchers and subject matter experts equipped with Indeed's data and insights to deliver useful tips to help guide your career journey.

There are a variety of jobs for those who enjoy working with numbers to consider in the banking industry. Since these roles involve having specialized training, there's the potential to earn a high salary. Understanding what positions make the most money in this industry can help you decide what career you want to pursue as you consider your options. In this article, we list some of the highest-paying jobs in the banking industry, provide their national average salary and discuss some common job duties.

Why seek high-paying jobs in the banking industry?

Professionals often choose high-paying jobs in the banking industry since it offers them financial security. Some other benefits of these types of roles include:

  • Potential for career advancement

  • Additional benefits, such as private health care

  • Professional training and development opportunities

  • Job security

  • Flexible work schedules

Related: Types of Bank Job Courses and Tips for Pursuing a Banking Career

15 best-paying bank jobs

Here's a list of some of the highest-paying jobs in the banking industry with salaries over $60K. For the most up-to-date Indeed salaries, please click on the links below:

1. Bank officer

National average salary: $65,887 per year

Primary duties: A bank officer acts on behalf of a financial institution. This involves signing documents for the bank and making agreements with clients. Other bank officer responsibilities include managing loan applications, creating progress reports for upper management, processing client requests, developing relationships with bank customers and working in compliance with the bank's policies.

2. Investment banker

National average salary: $66,989 per year

Primary duties: An investment banker or investment banking analyst assists clients with raising money. They offer similar financial services as regular bankers, focusing specifically on working with entrepreneurs, business professionals and investors. Job duties include overseeing mergers and acquisitions, preparing financial records, identifying potential investors, selling securities in the market, offering strategic advice to clients and analyzing stocks to predict their movement.

3. Foreign exchange trader

National average salary: $67,573 per year

Primary duties: A foreign exchange or forex trader reviews various factors impacting the rate of exchange in the global market. From their studies, they determine what currencies may increase in value. Some job duties include advising clients on fluctuations and foreign markets, recommending products based on the commodity markets and currency rates and conducting foreign currency transactions for clients.

4. Asset manager

National average salary: $73,254 per year

Primary duties: An asset manager oversees their client's funds and makes decisions to increase their portfolio. They trade, manage and invest assets, such as stocks, bonds, capital, real estate and commodities. An asset manager's responsibilities include preparing risk analyses, creating client portfolios, monitoring asset performance and researching relevant markets.

5. Financial advisor

National average salary: $74,069 per year

Primary duties: A financial advisor provides financial services to clients. This involves offering strategic advice about how to manage their finances and ways to reach their long-term financial goals. Other job duties include answering questions clients have, analyzing financial data, talking with clients to determine their financial objectives and preparing performance reports.

6. Wealth manager

National average salary: $75,588 per year

Primary duties: A wealth manager works with high-net-worth individuals to help them grow their wealth. This type of financial advisor creates strategic plans based on their client's financial profile and objectives. Wealth managers also analyze existing portfolios, provide clients with regular updates on their plans, advise clients on financial products and services, manage assets and offer tax planning services.

7. Bank internal auditor

National average salary: $77,265 per year

Primary duties: A bank internal auditor conducts assessments of a bank's risk management activities. They review the accuracy, legitimacy and completeness of their financial instruction's financial records. Other job duties include evaluating financial records, protecting the bank against fraud, preparing reports on the bank's audit and recommending cost-saving actions.

Related: Learn About Being an Internal Auditor

8. Budget analyst

National average salary: $78,167 per year

Primary duties: A budget analyst helps a company organize its finances and find ways to increase its profits. This involves reviewing budget proposals, conducting cost-benefit analyses and evaluating spending needs. Budget analysts also monitor spending to ensure their organization stays within budget, approving funding requests, collaborating with project managers to develop a budget and forecasting future financial needs.

9. Portfolio manager

National average salary: $80,161 per year

Primary duties: A portfolio manager (PM) makes investment decisions for an individual or business. This role involves providing advice to customers and guiding them in investment opportunities. Job duties also include creating reports on their client's investment activities, determining acceptable risks based on market conditions and evaluating the performance of their client's investment portfolios.

10. Management analyst

National average salary: $82,436 per year

Primary duties: A management analyst or management consultant helps an organization increase its efficiency. To do this, they examine their client's problems or inefficiencies and develop solutions for improvement. Job duties for a management analyst may include gathering business and financial data, finding alternative practices and communicating with personnel to ensure a successful implementation of a new system or procedure.

11. Equity analyst

National average salary: $85,337 per year

Primary duties: An equity analyst offers financial guidance and expertise on bonds and stocks to individual investors, brokers and investment advisors. Their job involves gathering information through financial modeling and forecasting to help make more informed decisions about potential investment opportunities. Equity analysts monitor industry trends, provide investment advice, prepare internal reports and review a bond's or stock's performance.

12. Hedge fund analyst

National average salary: $96,272 per year

Primary duties: A hedge fund analyst conducts quantitative research to determine potential investment opportunities for their clients. These financial professionals work closely with portfolio managers to evaluate investment ideas and build financial models. Other job duties include creating research tools, analyzing investments, reviewing financial statements and finding assets to bring maximum returns.

13. Chief risk officer

National average salary: $127,895 per year

Primary duties: A chief risk officer (CRO) oversees a bank's risk management operations. This involves ensuring their organization remains in compliance with regulations. CROs also identify potential internal and external threats, design methods to avoid risks and conduct regular risk assessments.

14. Chief financial officer

National average salary: $131,014 per year

Primary duties: A chief financial officer (CFO) manages the financial activities of a financial institution. They create strategies, plan and forecast expenses to mitigate risks and lead to overall growth in the organization. Responsibilities may include leading finance and accounting teams, overseeing all financial decisions, implementing systems to help improve the financial performance and reviewing financial reports.

Related: Learn About Being a CFO (Chief Financial Officer)

15. Loan officer

National average salary: $180,296 per year

Primary duties: A loan officer reviews, authorizes and approves loan applications of individuals and businesses. They help banks determine the creditworthiness of potential borrowers. Other job duties include meeting with job applicants, reviewing loan files, monitoring account records, preparing detailed loan proposals and responding to questions applicants have.

Related: Learn About Being a Loan Officer

Explore more articles