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The speaker introduces the finance career tier list and explains the criteria for ranking jobs by compensation. He then covers vice president of analytics and strategy consulting as early high-paying options.
this video is sponsored by Aura the highest paying Finance career tier list that is what we're going to be going over today we're going to be ranking different Finance careers from s tier which is the best to Ftier which is the worst from a financial perspective in terms of how much money you'll make we'll also be talking about other factors but primarily we're going to focus on how much they make so it's really difficult tofind accurate numbers on how much you can expect to make in different finance jobs because a lot of the time it doesn't have as much to do with the job you're in but more to do with the companyyou work for or the industry that you're in so if you appreciate me doing research and doing these types of videos go ahead gently tap that like button and also share the video with somebody else you think would
want to see it and if you agree or disagree with any of these rankings let me know down below at the end of the day this is just my opinion and if you think my opinion is wrong that'stotally fine it's good that we all start a conversation that we can all learn something from all right so let's get started right away with vice president of analytics so the vice president of analytics is in charge ofthe collection and Analysis of data and specifically in the finance industry this is incredibly valuable so you want to be able to quickly collect data and then also decide immediately what actionable steps you should take based off ofthat data glass door has the average salary for this position being between 127,000 to 230,000 but you can see even higher salaries in the finance industry because data is basically everything that's what gives you an edge over your
competition and finance is of course incred ibly competitive and I guess I should say that right away uh this list is for people who are like a type personalities you're very competitive probably you know you're okay working like60 plus hours a week not having a great work life balance but also people who are ambitious and they want to have really highp paying jobs so with that being said this one is going to go into atier next one on the list is going to be strategy Consulting so this is where you're working for maybe one of the big four accounting firms um and I guess like Consulting in general even though there's a there'sa lot of differences there a lot of the time they will end up working in different areas of Finance so if you're like a second-year consultant at McKenzie for instance you're an associate you can expect to make over
$200,000 a year in total compensation and there's honestly a lot more to it than that I could probably make like a five video series just on Consulting alone but yeah Consulting can be phenomenal um it's also a career
This section discusses entrepreneurship as a top-tier finance path and transitions into a sponsored segment for Aura. The sponsor message covers identity theft protection, fraud monitoring, and online security features.
path that leads to many other opportunities this one is going to go into a tier next one on the list is going to be entrepreneur ship so this is basically starting up your own business and there is aton of opportunity in the finance industry for this now this is high-risk and also High reward but there's a lot of exciting new fintech companies starting up in the space and one of them is the sponsor of today'svideo which is Aura do you guys know what the fastest growing crime that's affecting millions of people in America is well the answer is identity theft and there is a new victim every 14 seconds a few years agomy roommate had his identity stolen not once but twice and it complet completely turned his life upside down and that's why I'm excited to partner with today's sponsor Aura Aura is Identity Theft Protection fraud monitoring a VPN password
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much detail another thing is finance is one of the industries that has the most opportunity and a lot of the time you are seeing you know the combination of finance and technology technology is also a phenomenal industry aswell and so if you start a business in one of these industries you're going to have a much better chance of success s so yeah entrepreneurship is s tier all right so I'm going to go over these really
The speaker quickly ranks several finance careers including tax director, banking, investment banking, corporate banking, FP&A, asset management, credit, credit risk, and corporate development. He explains typical pay ranges and why these roles land in A, B, or S tiers.
fast so I can keep this video relatively short not going to explain these decisions all that much so tax director is going to be next one on the list glass store has them making about $123 to $210,000 peryear this one goes into a tier now if you go into banking you can expect to make somewhere between 90 to $140,000 a year right off the bat so banking can be really good but it's also really competitiveInvestment Banking is next on the list and this is something where you might do something like uh mergers and Acquisitions IPOs uh debt refinancing Etc and finance is well known for you to work you know really crazy hoursand Investment Banking is actually probably the worst one you're going to be working somewhere between 80 to 120 hours a week easily but you can make over $200,000 a year starting off in Investment Banking if you're able to
land a job and it's also basically a pipeline to even better jobs down the line so Investment Banking this one has has to go into s tier so one example would be an investment baking managing director this isdefinitely not an entry-level job but you know this is one of the ones that you can look for down the line and they absolutely make bank so again these numbers are really hard to find I couldn't find oneon glass store but the numbers that I'm seeing are $350 to $600,000 a year and that's just your base salary your bonus ranges somewhere between 100 to 200% of your base so that's 750 to to $1.8 million ayear total compensation so that's just one example not an entry-level job not even close to entry level but that one also is going to go into s tier corporate banking is another type of banking and again I could
probably make an entire video just on this stuff alone maybe even entire series of videos but corporate banking you're typically going to focus more on the credit side of things and you can also expect to make pretty goodmoney from this you know over $100,000 a year in your first year so this one is also going to go into a tier next one is direct ctor of financial planning and Analysis now this is not an entry-leveljob but you can expect to make around $133,000 to $175,000 a year and so because of the fact that it's definitely not an entry-level job but it still has pretty decent pay um I'm going to go ahead andput this one into B tier next one on the list is going to be Asset Management so you're going to be working in Asset Management this is another job you can get right out of school and you can
expect to make somewhere around 90 to $110,000 a year so because of the fact you can make $100,000 right after school which is just totally unheard of in almost any other industry this one is going to go intoa tier so another route you could go is working in the field of credit this is basically where you're analyzing company's finances and seeing how worthy they are of getting credit basically the ability for them to borrow moneyso you can make somewhere between $75 to $95,000 a year starting off in credit that's pretty good uh that puts it in the B tier range now a position you might move into is going to be credit riskmanager this is not an entry level position and a lot of the time they actually requires a master's degree but you can make according to Glass stor 67,000 to $134,000 a year so overall because it's not entry level
because it might require Masters this one is going to go into B tier next one on the list is Corporate development which is similar to mergers and Acquisitions but you're actually working for the company that's making the acquisitionthis time and I saw a lot of numbers thrown around out there but this one's typically somewhere between 80 to 115,000 a year just starting out so this can be entry level so that's pretty good that one is
This chapter focuses on highly sought-after roles such as private equity, hedge funds, venture capital, equity research, financial analyst, software development in finance, quant trading, sales and trading, and hedge fund management. The speaker emphasizes the exceptional compensation and competitiveness of these careers.
going to go into a tier all right so now we're going to move into some of the ones that are extremely sought after so these are very difficult to get into right out of school but it's possible soanybody who's familiar with Finance is going to know these uh it's basically three different categories private Equity hedge funds and Venture Capital firms and with all three of these I'm just going to go ahead and and lump themtogether I might make three separate ones or whatever but uh they're all s TI essentially you can make somewhere between $1 1225 to $250,000 a year just starting off after college which that is just I mean that's justmind-blowing there's a lot of people who work their entire lives you know 40-year careers and they never get to like the $125,000 year mark and with these careers you can actually hit that in the first year a lot
of people even if they start off in something else like banking for instance this is their goal is to get into Venture Capital uh hedge funds or private Equity next on the list is going to be equity researchand there's actually a lot of different career paths you can go down one of them is equity analyst so the glass door salary range here is 64,000 to $164,000 a year which is a pretty big range and basicallyyou're analyzing company's stocks and then you're making predictions about where that stock is headed in the future so this can be a pretty good one to go into I'll put it into a tier next on the list isgoing to be a financial analyst now these two things sound very similar right but Financial analysts make much much less about $49 to $889,000 a year still pretty good but for this list not amazing I'm going to go
ahead and put it into C tier another one you hear a lot about is finance manager this is a very common one you see on BLS and basically this is the guy at the car dealership who tries toget your car financed for you and spits out a number and according to BLS Finance managers make about $108,000 a year next one on the list is going to be a software developer that works in finance so youhave the skills of finance and software development at the same time a lot of the time you might be working for a Quant hedge fund so a hedge fund that focuses specifically on mathematics and you can make reallyreally good money we're talking like $100,000 a year starting out uh $200,000 total comp so this one is going to go into a tier next one on the list is going to be a finance Quant Trader so again
you would be working at a quantitative hedge fund a lot of the time your base will be 125 to 150k in your first year working for them and with the bonus you might hit over $200,000 so this oneis going into s tier next one on the list is going to be sales and trading now this can be a very high press you know stressful type job but the good thing about it is you're typically onlyworking during trading hours and this is one that you could potentially get right out of school and you might crack six figures and so for that reason I'm going to go ahead and put this one into a tiernext one on the list is going to be a hedge fund manager and I think this one goes without saying you know the typical hedge fund manager makes 2.4 million and that's just like tiny hedge funds the highest
paid hedge fund manager in the world at least last year is Izzy Englander he made 3.8 billion so yeah obviously this one's going to go into s tier definitely not an entry-level role I mean I guess you could
The final section covers accounting-related finance roles like senior manager and financial controller, including their compensation and career progression. The speaker closes by inviting feedback on missing careers and ranking disagreements.
just start your headed own hedge fund but it'd be tough to get people to actually invest in it typically you'd want to get some experience first and then move into it next one on the list is going tobe an accounting senior manager a lot of overlap between accounting jobs and finance jobs this is not an entrylevel job so let's say you're an accounting senior manager at like a big four firm you'd expect to make probably$200,000 a year and if you're a partner something like 10 to 20 years into your partnership you probably making 300 to 350,000 one thing that's nice about this job is your base is probably going to be higher thana finance job but the downside is your bonus probably isn't going to be as high next one on the list is going to be Financial controller I actually interviewed somebody Bill Hannah uh he is the financial controller on
this Channel I interviewed him about accounting is a really cool interview uh very valuable if you want to go down that pathway but Financial controllers make about $235,000 a year and basically a financial controller is kind of likea higher level accountant there's a lot of other jobs you can move into from Accounting in the finance industry all right so let me know down below um are there career paths that I missed out on I thinkthis video went a little bit longer than I was hoping um but yeah let me know if there's career paths I missed out on let me know if you disagree with my rankings let me know if you uhwant to put the rankings in a different order or you know maybe there's some of them that I shouldn't have included or whatever let me know down below hope you enjoyed the video go ahead gently tap that like
button hit the Subscribe button ring the notification Bell and if you enjoyed this one I think you're really going to love this video right here as well and I'll see you next time