Top 10 Best Paying Jobs In Major Banks [2023]

The best-paying jobs in major banks are usually unknown to most people. The jobs in the banking sector are very lucrative, and most do not require high-end degrees. 

The financial industry provides you with so many opportunities in various sectors, such as the financial services sector, investment banking, etc. 

This article will give all the juicy details of the top-paying jobs in major banks, so you can pick and make the best of your career. 

Skills required for the best paying jobs in major banks

skills required for a bank job

To secure one of the best-paying jobs in major banks, you need to have some skills. This is because no one would pay you for a high-paying job if you did not meet the standard required.

In your interest, learn about the skills needed to secure one of the best-paying jobs in major banks.

Analytical skills

Banks make use of data in the form of numbers. And before aiming for the best paying jobs in major banks, you should first learn to analyze data properly.

Analytical skills mean you can recognize a problem, find relevant facts, and come up with a logical solution.

They are important skills in a lot of different fields, but evaluating financial security is where they are most important.

Communication skills

At its most basic level, communication is the act of getting data from one place to the other.

It can be spoken, written (books or magazines), visually (charts or graphs), or unspoken (making use of body language, gestures, and the pitch of voice). In real life, it is often a mix of more than one of these.

If you are looking for a job or a promotion at your current job, you will need good communication skills.


Being detail-oriented is a trait that means you can pay attention to small things and notice them. A person who pays attention to the little things can give a task their complete attention and catch errors, mistakes, or alterations before they get worse. Some jobs require this quality, so it comes up a lot on resumes and in interviews.

To be employed for the best paying jobs in major banks you should make sure your deliverables are perfect and don’t need much or any editing.

Do your work while closely following the company’s rules and standards, look over documents and reports and make sure they are correct, set up procedures to keep the standards of quality high, and give every detail your full attention.

Customer service skill

As a customer service representative, you are one of the most important lines of defense in the battle to keep customers coming back. Customers want to know that the person on the other end of the line is listening and getting what they need.

Think of customer service skills as the meeting point of what you know and what you can do. 

What are the 15 Best-Paying Jobs in Major Banks?

The best-paying jobs in major banks are:

1. Internal auditor

Average salary: $60,000

An internal auditor (IA) is a qualified professional who is hired by a company to evaluate its operational and financial business activities, such as corporate governance, independently and objectively. 

They are in charge of making sure that companies follow laws and rules, do things the right way, and work as well as possible.

In summary, an internal auditor does the following:

  • Check out a company’s internal controls and any risks it might have.
  • Make sure a business and its employees follow all state and federal laws and rules.
  • Make suggestions about what needs to be changed to fix an audit that failed or problems that were found during the audit.

The minimum requirement for an internal auditor is a bachelor’s degree in business, computer information systems, etc.

2. Bank manager

Average national salary: $61,209

As a manager of a bank, you will be responsible for recruiting new tellers, product designers, and lending officers, as well as making sure they have the right training and are ready to help customers knowledgeably once they are hired.

The financial institution manager has to make sure that everything is set and prepared to go for the day. This includes making sure that each teller and ATM has enough cash.

They also make sure they have enough workers to meet customer requirements, taking into account things like ongoing product training, staff absences, and the normal ups and downs of customer traffic in the bank.

3. Credit analyst

National average salary: 448,840

A credit analyst is a person who works in finance and looks at the financial strength of securities, people, or companies.

Credit analysts figure out how likely it is that a borrower will be able to pay back their debts by looking at their credit and financial history and figuring out if the individual’s financial condition and the economic situation are good for repayment.

Most of the time, these people have degrees in banking, financial reporting, or a similar field. There are many places where credit analysts can work in the financial world.

4. Asset managers

Average national salary:  $67,000

Asset management is the process of making more money over time by buying, sustaining, and trying to trade investment opportunities that can increase in value.

Professionals in asset management do this for other people. They might also be called wealth management managers or financial experts. 

The asset manager’s job is to figure out what investment opportunities to make and which ones to avoid so that the client can reach their financial goals without taking on too much risk. Some of the more well-known investments are shares, treasuries, estate development, commodity markets, mutual funds, and investment companies.

The asset manager is required to do thorough research using both big-picture and small-picture tools. This includes statistical analysis of the current market dynamics, evaluations of business financial data, and anything else that would help reach the main mission of client asset appreciation.

5. Mortgage Advisor

National average salary: $146,366

As a mortgage advisor, you should be able to:

Describe what kind of mortgage consultant you are and how you get paid, find out about your client’s finances, such as how much they spend each month.

Explain the different kinds of mortgages and give your client a choice of products, figure out which kind of mortgage is best for each client.

Make sure your customers can pay back what they borrow now and in the future, in case interest rates go up or their lives change.

Offer some general advice on how to buy a home and meet sales goals, and deal with mortgage lenders, real estate agents, and valuers.

6. Loan consultant

Average national salary: $63,960

A loan consultant’s job is to look over loan applications and ensure that people who borrow money can pay it back.

Their jobs include interviewing job candidates, reviewing and verifying paperwork, and judging financial records and other records based on credit scores and other factors. 

They might also answer questions, tell potential clients which program is best for them, and help them understand how everything works.

Also, there are times when they have to deal with past-due accounts, get in touch with clients, and, if necessary, negotiate payment terms.

For this position, you need to have a bachelor’s degree in business, finance, or another field related to the job.

At least two years of experience in banking, sales, customer service, or loan consulting.

Software like The Loan Office and LoanPro, which are used for loan servicing, must be used well.

7. Financial analyst

Average national salary: $76,677

A financial analyst is one of the most sought-after jobs in the financial services industry. A financial analyst’s main job is to look through a lot of data to find opportunities or evaluate the results of business operations or investment suggestions. 

Financial analysts can work at any level in a company, from entry-level to management. This is a market segment that often leads to other jobs.

More specifically, financial analysts look at macroeconomic and microeconomic conditions as well as the basics of a company to make projections about businesses, sectors, and industries. 

They also often advise on what to do, like whether to buy or sell a company’s stock based on its overall performance and future outlook.

An analyst needs to know what’s going on in their field and how to make financial models that can predict how the economy will be in the future based on several different factors.

Becoming a financial analyst requires a bachelor’s degree, preferably with a major in economics, finance, or statistics.

8. Fixed income analyst

Average national salary: $76,061

Fixed-income analysts look at loans or fixed-income securities to make suggestions about how to invest.

They keep up with trends, news, and issues, such as a company’s position in the market and its financial stability, to spot any possible risks.

Fixed-income analysts have to figure out the value and risks of fixed-income securities and other financial products. They do research and analysis of market conditions and trends to tell investors about the most important risks, like credit and interest rate changes.

Fixed-income analysts make sure that security level analytics are consistent, clear, secure, and correct so that risk exposure can be measured.

They look at the current procedures and processes, create functions, and write macros to make reports more accurate, reliable, and less likely to have mistakes made by humans.

Fixed-income analysts need a bachelor’s degree in finance, math, economics, computer science, or another related field. Some employers want you to have an MBA and be certified as a Chartered Financial Analyst.

9. Bank relationship managers

Average national salary: $85, 216

Banks and other financial institutions need relationship managers to make customers happier and bring in more money for the business.

If you want to work as a financial institution relationship manager, you should know what their main responsibilities are and what skills they need.

As a financial manager, you would be taking care of clients’ investment portfolios to make sure they do well financially.

You would be talking with clients about their big financial goals to help you understand what they want to achieve.

Also putting together presentations for new clients to show them how the bank can help them.

10. Investment banking analyst

Average national salary: $100,673

An investment banking analyst looks at investment opportunities and researches them to find the one that will help their corporate clients reach their goals the best.

Analysts in investment banking look at opportunities and suggest investments based on what the client wants and needs.

Most of the time, they are part of an investment team and report to an investment banker. The investment banker will help clients make their final decision.

Corporate clients can be new investors, investors who already have money with the company, or even the analyst’s own company.

If the client is new, the analyst collects and processes data, looks for opportunities, and reports back to the team and sometimes the client on what they’ve found.

For current clients, the analyst looks at the performance of their investments and makes suggestions about whether they should be kept or replaced.

If the client is a business, analysts look at assets of the business, earnings reports, industry trends, and other things to make investment suggestions for their company.

Merits of banking career

The merits attached to a banking career are numerous, but a look at the outstanding ones should suffice.

Improved knowledge of investments

Being a banker, you would be opportune to know more about investments, how they work, and how to milk them.

Improved personal skills

The banking sector requires you to be able to speak with clients daily. And to do this, you need to carry the right body posture, good eye contact, and correct use of English.

If these qualities are lacking, you would be trained on how to imbibe them into your daily life.

Impressive earning

From the above, you can see clearly that the banking sector has a lot to offer you financially. This is because you could come in as entry-level, and, along with the line, gain certifications in higher positions.

This would open you to higher positions and with a higher position comes higher pay grades.

Frequently Asked Questions

Which positions in the best paying jobs in major banks attract more money?

The positions that pay well in the banking sector are:

  • Investment Banker.
  • Financial Analyst.
  • Financial Examiner.
  • Credit Analyst.
  • Auditor.
  • Securities and Commodities Sales Agent.
  • Loan Officer.
  • Teller.

Which banks in the U.S. pay the best salaries?

The banks in the U.S. that pay the best salaries are Morgan Stanley, Capital one, etc.


Getting the best-paying jobs in major banks is achievable. All you need to do is to make yourself the best candidate for the job.

To be the best candidate, add more certifications to your degree, and you will easily get the job you desire.

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