You may be wondering, What type of jobs can you get in the finance consumer services industries? There are many different types of Consumer services jobs in this field, but what’s the pay like? What are some of the best paying jobs in finance consumer services?
In this article, you will find out everything you need to know about the Top 15 Best Paying Jobs in Finance Consumer Services, according to recent surveys.
What is a Finance or Consumer Service Job?
A finance or consumer service job is a high paying job that entails providing customers with financial products, services, and/or advice.
The best-paying jobs in finance and consumer services are generally titles like: Certified Financial Planner, Investment Banker, Personal Financial Advisor, Stock Broker, Wealth Manager.
What Types of Jobs in Finance and Consumer Services are Available?
There are many different types of jobs in finance and consumer services. Some of the most common include:
–Banking: Jobs in banking include tellers, loan officers, and branch managers.
–Investment: Investment jobs include stockbrokers, investment bankers, and financial analysts.
–Insurance: Insurance jobs include insurance agents, underwriters, and claims adjusters.
–Real Estate: Real estate jobs include agents, brokers, and appraisers.
–Consumer Services: Consumer services jobs include customer service representatives, salespeople, and marketing professionals.
When Looking For A Job In Finance Consumer Services here are things to consider:
When looking for a job in the consumer services field, it’s important to consider all of your options and choose the best one for you. Here are some things to consider:
- Skills And Qualifications
- Your Education Level
- Your Field Of Study
- Personality Traits
- Location
- Salary And Benefits
- Work Environment
Overview of the Best Paying Jobs in Finance Consumer Services
There are many different types of jobs in the finance and consumer services industries, and each come with their own pay scale. Here is an overview of the some of the Best Paying Jobs in Finance Consumer Services:
1. Investment bankers
These professionals work in the securities industry and help companies and governments raise money by underwriting and selling stocks and bonds. They typically earn salaries in the range of $100,000 to $250,000.
2. Hedge fund managers
These professionals manage investment portfolios for wealthy individuals and institutions. They typically earn salaries in the range of $500,000 to $1 million.
3. Private equity investors
These professionals invest in privately held companies, often with the goal of taking them public or selling them to larger companies. They typically earn salaries in the range of $250,000 to $750,000.
4. Commercial bankers
These professionals work in the banking industry and help companies finance their operations through loans and other financial products. They typically earn salaries in the range of $75,000 to $200,000.
5. Insurance executives
These professionals work in the insurance industry and help companies manage risk and protect against potential losses. As of 2022, the average annual pay for an Insurance Executive in the United States is $57,222 a year
6. Loan Officers
The Loan Officers are liable and responsible for approving or denying loan applications for people, businesses or organizations.
They normally work in banks, credit associations, or other monetary establishments. Loan officers should have the option to examine financial data and make wise judgment quickly.
The middle yearly salary for loan officers is $63,010. The top 10% of earners make an average of $104,000 each year.
Loan officers can procure bonus and commissions in addition to their basic salary. Loan officers normally need basically a bachelor degree certification in finance or a related field.
7. Financial Analysts/Advisors
As a financial analyst, you will be responsible for providing financial analysis and advice to clients. You will need to have strong analytical and problem solving skills.
If you’re looking for a challenging but high-paying job, you might want to consider becoming a financial advisor. These pros typically earn an average of $140,000 per year, which is nearly double what they earned just five years ago.
According to Forbes magazine, many people are now willing to pay top dollar for financial advice, making it one of the best jobs in finance right now.
8. Tax Preparers
If you’re great with numbers, enjoy meeting people and want to earn a handsome salary, tax preparation might be right for you. According to one report, tax preparers can make an average of $41 per hour.
It also helps that career opportunities for tax preparers are expected to grow by 24 percent between 2012 and 2022.
9. Market Research Analysts
In 2014, data from Glassdoor showed that market research analysts made a median salary of $80,890 per year. The job involves identifying and solving key business problems to help companies make smarter business decisions.
Market research analysts tend to have advanced degrees such as a master’s degree or MBA (Master of Business Administration). However, some entry-level jobs may only require a bachelor’s degree in market research.
10. Sales Representatives
The top-paying job in finance and consumer services is that of a sales representative. Sales representatives are employed by companies to sell products or services directly to clients.
While one can get hired as an independent contractor, most sales representatives have to be employed by a company to sell their products. These jobs pay well because people are buying from you, not working for you; it’s important for them to feel like they’re spending their money wisely.
11. Financial/Mortgage Brokers
With a median annual income of $73,000, mortgage brokers bring home significantly more cash than bank tellers. If you’re looking for a job that allows you to take a hands-on approach to consumer lending, it may be worth exploring mortgage broker positions.
12. Credit Counselors
Average Salary $37,033: While credit counselors don’t directly deal with finances or consumer goods, they do provide valuable services to both people and businesses.
Working as a credit counselor requires good communication skills to ensure that clients understand the advice they’re receiving.
Also, because many of these counselors work with borrowers who have defaulted on loans, these professionals also need strong conflict-resolution skills to remain calm when dealing with unhappy clients.
13. Claims Adjusters
The average annual salary for a claims adjuster is $54,220. Claims adjusters review insurance claims and notify policyholders of their options.
To become a claims adjuster, you’ll need training in law as well as education specifically designed to train you for adjusting jobs (ex: associate degree from an insurance college).
14. Customer Service Representatives
On average, customer service representatives make $20 per hour. Although entry-level jobs typically pay about $8 per hour, top earners bring home about $11 per hour.
Representatives who work in accounting earn an annual mean salary of $37,250; those working for computer systems design services firms earn a mean salary of $55,600. Medical services offers paid an average annual salary of $34,450 to representatives working there.
15. Insurance Agent
Most Insurance agents work for insurance companies, yet some might be independently employed. They typically sell one or more types of insurance, like life, health, automobile, and property holders’ insurance.
Insurance agents regularly get a commission from the insurance company for each contract that they sell. A few specialists likewise acquire rewards in light of the quantity of policies they sell.
Pay Outs
There are literally hundreds of different finance and consumer services jobs out there. So, which ones are the best paying jobs in consumer services? Here is a list of the top highest paying finance consumer service jobs, based on salary data from the US Bureau of Labor Statistics.
1. Financial Managers: $126,660 per year
2. Personal Financial Advisors: $90,530 per year
3. Loan Officers: $64,660 per year
4. Insurance Sales Agents: $57,910 per year
5. Accountants and Auditors: $57,430 per year
6. Credit Analysts: $54,010 per year
7. Budget Analysts: $53,880 per year
8. Financial Examiners: $51,870 per year
9. Regulatory Compliance Officers: $50,380 per year
10. Tax Examiners and Collectors: $49,700 per year
What companies are in the consumer services field?
These are just a few of the many companies that provide jobs in consumer services. With so many alternatives accessible, you’re sure to find the appropriate job for you.
There are numerous excellent companies that provide consumer services employment. Here are a handful of the leading companies in this field:
- Amazon
- Costco Wholesale Corporation
- Airbnb
- Apple Inc.
- Talkdesk
- Tangerine Bank
- HelloFresh
- Innovaccer
- Pfizer
- Herc Rentals
- Chegg
- Thumbtack
- Kasisto
- Mindbody
- Air Canada
How many jobs are available in consumer services?
According to the Bureau of Labor Statistics, there are presently 2.9 million customer service jobs in the United States alone. There are millions of opportunities available for individuals who work in various areas of the consumer services business, such as finance, marketing, and many more.
As more businesses move online, the labor market is always evolving. This tendency will expand the industry’s potential.
How many jobs are available in finance consumer services?
According to the US Bureau of Labor Statistics, there are 7,157,700 Jobs in Finance consumer services. Positions in business and finance consumer services are expected to expand 8% between 2020 and 2030, adding around 750,800 new jobs.
The following factors will raise the demand for finance specialists such as accountants, auditors, market research analysts, and so on. include:
- Globalization,
- Growing economy, and
- Complex tax and regulatory environment.
The median salary per year for roles in finance consumer services was $76,570 in 2021. Jobs in finance consumer services include:
- Accountants and Auditors
- Budget Analysts
- Claims Adjusters, Appraisers, Examiners, and Investigators
- Compensation, Benefits, and Job Analysis Specialists
- Cost Estimators
- Financial Analysts
- Financial Examiners
- Fundraisers
- Human Resources Specialists
- Insurance Underwriters
- Labor Relations Specialists
- Loan Officers
- Supply Chain and Logistics Specialists
- Management Analysts
- Market Research Analysts