Top 10 Best Paying Jobs In Major Banks In 2023

These are the highest paying jobs in major banks. Every job that is mentioned required a different skill-set.

To determine if this is the right career path for you, take a look at some of these high-paying jobs in major banks and their salaries to help you decide if this is the right career path for you.

1. Commercial Banker

  • Salary: $102,000-$160,000 per year
Commercial Bank

A commercial banker, also known as an institutional banker or business banker, helps clients manage their finances. It is possible for commercial bankers to work in small or large banks or other financial institutions.

A commercial banker, also called a business or institutional banker, assists clients with their financial needs. Whether working in a large or small bank, a commercial banker has a wide range of job opportunities.

It is therefore imperative to be thorough with strategy, dealing with clients, and hiring top talent. A senior executive or leader at a bank makes $100,000 per year on average. Commercial banking provides a variety of career options, ensuring that the answer to ‘Is commercial banking a good career path’ is yes.

Commercial banks offer a variety of corporate-oriented products in addition to deposit products, such as checking and savings accounts. Commercial banking services include payment processing.

2. Mortgage Branch Manager

  • Salary: $80,000-$175,000 per year

Mortgage branch managers oversee the daily operations of mortgage providers, banks, or credit unions. A branch manager oversees all aspects of the branch, including compliance, underwriting, operations, sales, and processing.

A branch manager is responsible for coordinating branch operations with corporate headquarters and managing a branch’s operations. Their success or failure is solely dependent on their leadership.

CEOs oversee all lines of business in a company, while GMs are responsible for one business line. Sometimes, the product manager is referred to as the GM at technology companies. An organization’s general manager is known as the branch manager.

Mortgage account executives are primarily responsible for developing and managing national or regional sales activities of mortgage broker networks. By providing advice and assistance to approved brokers, they are familiar with all loan products and guidelines.

3. Business Banker

  • Salary range: $69,000-$105,000 per year
Business Banker

Business bankers guide clients through the many services, procedures and products available to them, such as stocks, bonds, loans, international transactions, real estate, trade credits, insurance policies, etc.

According to ZipRecruiter, annual salaries for Business Bankers can range from $142,000 to $43,000, with the top earners (90th percentile) making $135,000 per year.

The majority of financial institutions require an undergraduate degree in finance, accounting, or another related field to become a business banker. As well as having good communication skills, you should also be able to provide good customer service and make good decisions.

It is therefore imperative to be thorough with strategy, dealing with clients, and hiring top talent. A senior executive or leader at a bank makes $100,000 per year on average. Commercial banking provides a variety of career options, ensuring that the answer to ‘Is commercial banking a good career path’ is yes.

4. Investment Officer

  • Salary range: $68,000-$132,000 per year

Business opportunities are identified and investments are secured to promote an organization’s financial interests. You will manage portfolio projects, handle financial transactions, and build relationships with clients as an investment officer.

In addition to developing and communicating investment strategy and policies, CIOs contribute to business strategy, manage and develop the investment team, supervise and oversee the investment process, and select external managers and make decisions on asset allocation.

There are many who report directly to the chief executive officer (CEO). Chief operating officers (COOs) may also report to them. Investors are regularly updated on the status of the corporation’s investments. There are two main functions of a good CIO.

Several years of experience in financial services and proven business development skills are required for a career as an investment officer.

5. Stock Broker

  • Salary range: $65,000-$225,000 per year

Stockbrokers are licensed professionals who buy and sell stocks on behalf of investors. Securities and Exchange Commission (SEC)-regulated stockbrokers work for brokerage firms or broker-dealers.

Investing requires the assistance of an investment broker. To trade on the stock market, you’ll need one. You might want to start with a full-service broker who can manage your investments more directly if you are new to investing.

Stockbrokers are good places to start. Stockbrokers and other financial sales professionals make more than $208,000 per year. So as a stockbroker, you can make decent money.

Unless you are an exchange member, you need a broker to execute buy and sell orders for you. Brokers provide those services and are compensated either by commissions, fees, or the exchange itself.

6. Bank Secrecy Act Officer

  • Salary range: $64,500-$115,000 per year

Bank Secrecy Officers, also known as BSA Officers, work within banks, credit unions, or similar financial institutions to ensure compliance with Bank Secrecy Act laws and regulations.

Coordination and monitoring of BSA/AML compliance are the responsibilities of the BSA compliance officer. Also, the BSA compliance officer manages the bank’s compliance with BSA regulatory requirements as part of the BSA/AML compliance program.

BSA is administered by FinCEN, and supervisory agencies are responsible for the examinations. The BSA data should also be collected and disseminated by FinCEN. As part of BSA, financial institutions are required to submit reports that can assist law enforcement investigations.

To combat money laundering in the United States, the Bank Secrecy Act (BSA) was passed by Congress in 1970. To protect their clients, communities, and country, financial institutions have worked with government agencies since then.

7. Brokerage Branch Manager

  • Salary range: $61,500-$120,000 per year

The manager oversees all aspects of the business, including sales, marketing, client relations, and training. As part of their responsibilities, broker managers may recruit new agents to join the company or assist existing agents in developing their skills.

Individual clients can buy securities and commodities directly from brokers. Based on the client’s financial capacity and needs, they advise them on appropriate investments. Financial matters may be unfamiliar to the people they advise. It is an important part of a broker’s job to find clients.

A managing broker oversees the office’s daily operations and transactions. Besides hiring and training agents, they also manage administrative staff. To ensure compliance with state and national real estate laws, principal/designated brokers supervise real estate agents.

What are the pros and cons of working as a stockbroker? Over the course of their careers, stockbrokers can achieve great success. A major advantage of this job is that commissions and bonuses can significantly enhance your base salary.

8. Natural Gas Trader

  • Salary range: $60,500-$150,000 per year
Natural Gas

Trading in natural gas products takes place on various stock and commodities exchanges. Trading natural gas stocks, funds, and futures may be your primary responsibility as a commodities broker.

There is a median salary of $129,868 for Natural Gas Traders in the US, ranging from $24,720 to $716,370. Over 86% of Natural Gas Traders earn over $716,370, while the middle 57% earn between $129,877 and $325,114.

It is necessary to have a bachelor’s degree in finance or a related field in order to become an energy trader. In addition to the required licensing, many employers prefer a master’s degree. It is crucial to have a background in finance, and you should also study an energy-related field or even pursue a degree in it.

A futures contract, such as the Henry Hub natural gas futures contract on the CME, is the most common way that traders take positions on natural gas. Traders agree to deliver a certain amount of natural gas at a specific date in the future at an agreed-upon price through a futures contract.

9. Private Banker

  • Salary range: $58,500-$125,000 per year
Private Banker

High- and ultra-high-net-worth individuals are served by private bankers in financial institutions. The primary responsibility of this position is to manage the financial circumstances of clients and to provide them with financial advice. A bachelor’s degree is usually required for private bankers, and most of them are licensed.

Private banking is generally reserved for high net worth individuals, who have at least $750,000 in investable assets as defined by the Securities and Exchange Commission.

High-net-worth individuals (HNWIs) entrust their finances to private bankers, who enjoy reasonable hours and less stress. The average net worth of an HNWI ranges from 6 to 7 figures (or even more).

Individuals with a background in financial services, a desire to help others, and advanced analytical and problem-solving skills might be interested in a career in private banking. Clients’ wealth can be grown by a talented private banker. As a result, commissions are increased.

10. Investment Counselor

  • Salary range: $58,500-$115,000 per year
Investment Counselor

Under the Investment Advisers Act of 1940, investment counselors and advisers who analyze and make recommendations on a client’s securities for a fee but do not have physical custody of those securities must register.

In exchange for a fee, investment advisors make investment recommendations or analyze securities. The fiduciary responsibility of investment advisors is to uphold the assets of their clients.

In order to meet short-term investment and financing needs, the Investment Specialist invests in and sells short-term securities, including commercial paper. Establishes a daily quantity to be sold and the rates to be paid based on market rates. Preparation of periodic investment reports is part of being an Investment Specialist.

The majority of investment consultants have a bachelor’s or master’s degree in a finance-related field, such as accounting, business, or economics. Students may also take coursework in investments, taxes, risk management, and estate planning, although it is not a requirement.


  • Rebecca Fraser

    Rebecca covers all aspects of Mac and PC technology, including PC gaming and peripherals, at Digital Phablet. Over the previous ten years, she built multiple desktop PCs for gaming and content production, despite her educational background in prosthetics and model-making. Playing video and tabletop games, occasionally broadcasting to everyone's dismay, she enjoys dabbling in digital art and 3D printing.

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