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25 of the Highest Paying Bank Jobs in 2024

The best Bank jobs can pay up to $181,000 per year.

The banking industry consists of different types of banks and financial institutions. Retail banks and credit unions provide financial services to small businesses and individuals. These services may include checking and savings accounts, helping people apply for loans and mortgages, and offering additional individual investment services. Commercial banks work with large companies, corporations, and financial organizations. You can find different employment opportunities depending on your skills, experience, and qualifications, but all banking jobs, whether retail or commercial, focus on providing financial services or financial advice on some level.

If you want a job at a bank, you should first apply for an entry-level position. At a retail bank, this usually means finding work as a teller. The qualifications needed for a career as a teller usually only include a high school diploma and communication skills. A bachelor’s degree in finance, economics, or a related field can help you qualify for jobs such as a loan officer or financial advisor. If you pursue a degree, you should take advantage of internship opportunities that can help you specialize in a specific part of the banking industry. Commercial banks prefer job applicants with a bachelor’s degree or higher.

High Paying Bank Jobs

  • Proprietary Trader

    A proprietary trader uses a financial firm’s capital to make a direct profit. Traders analyze stock market trends to decide how to trade the money to maximize the initial investment. Traders keep a portion of the profit they make for firms or banks, then continue trading other capital, such as stock market shares, to increase profit margins. Some proprietary traders employ arbitrage, which is when a stock or commodity varies in price in different markets. The trader takes advantage of the price difference to buy in the lower market then sell in the higher market to turn a profit for the firm.

  • Commercial Banker

    A commercial banker works for a bank or similar financial institution and serves corporate clients. These professionals spend time marketing the bank to attract new business, along with maintaining strong relationships with current clients. As a commercial banker, your job duties vary, depending on your employer, but usually involve managing corporate accounts, investing business profits, and facilitating loans and financing.

  • Options Trader

    An options trader buys and sells stock options. You typically work for a large investment bank or private hedge fund, managing complex capital investments for clients. Your duties are to create options contracts and develop forecasting models to determine the optimal price to buy an option to maximize profit and minimize risk. You create reports and models that outline financial positions for your clients that will increase value to their portfolio. Many options traders gain job experience working at an investment bank or large commercial bank and possess qualifications like a bachelor’s degree in economics or math.

  • Energy Trader

    An energy trader acts as a broker between buyers and sellers of energy commodities on an exchange. As an energy trader, you trade futures, which are a contract to purchase some asset at a future time. For energy traders, the asset you contract is generally some amount of liquid gas, oil, or natural gas. Much like a stockbroker, your responsibilities include tracking commodity prices, predicting market trends and changes, and making informed decisions on what purchases or sales will make the most profit. Commodity traders make most of their money from commissions, so staying on top of research is crucial in this field.

  • Banking Consultant

    A banking consultant greets bank customers and gives advice regarding accounts and bank services. You advise customers on their savings account or the viability of an investment account. Your duties include answering customer questions about the bank’s financial services. Other responsibilities include maintaining a thorough knowledge of all services available at the bank, including lending options. You inform customers about how they can apply for specific bank services. You analyze a customer’s needs and make recommendations to customers based on their financial situation. You also prepare loan and credit applications for customers and help get them to the correct department.

  • Foreign Exchange Trader

    A foreign exchange (forex) trader is a specialized type of trader who buys and sells foreign currency for profit. You work for a large investment bank or a specialized firm dealing in foreign exchange transactions. Your chief duties are to follow the currency market, research the price fluctuations in currency pairs, which consist of a base currency and a quote currency, and manage an investment account for your clients. Because you are dealing with international markets, you can expect long hours, often working when markets are open in time zones other than your own.

  • Investment Officer

    Investment officers identify business opportunities and secure investments that promote the financial interests of an organization. As in investment officer, your job duties include managing portfolio projects, handling financial transactions, and building client relationships. The qualifications for a career as an investment officer are a Master of Business Administration (MBA) degree, several years of experience in the financial sector, and proven business development skills. In the current job market, you can find investment officer positions at large financial institutions, finance consulting groups, and government agencies.

  • Broker

    Brokers are intermediaries between two or more parties in a variety of industries, including finance and real estate. They facilitate transactions between buyers and sellers. As an independent party, brokers sometimes introduce buyers and sellers. Brokers typically charge a fee or earn a commission on transactions. Brokers must be good negotiators and communicators.

  • Banking Analyst

    A banking analyst reviews financial information and analyzes investment transactions. As a banking analyst, your job duties include analyzing data for banking portfolios, assessing areas like stocks and bonds, researching current credit trends, creating presentations to communicate your findings, and giving advice on the best investments for a particular client. You may also perform administrative tasks, such as scheduling conference rooms and arranging meeting times. This career requires excellent research skills.

  • Investment Banker

    Investment bankers work in advisory roles, providing capital market advice to governments and corporations who wish to invest. On a daily basis, they advise clients, manage investments, conduct financial research, and buy and sell on the behalf of their clients.

  • Natural Gas Trader

    A natural gas trader buys and sells natural gas products on various stock and commodities exchanges. In this role, you may work independently as a commodities broker, or with a financial institution trading natural gas stocks, funds, and futures. Your responsibilities include meeting with clients to discuss their financial goals and determining the best ways to invest in commercial natural gas stocks traded on the NYSE or NASDAQ to achieve those goals. Other natural gas traders work for energy firms and track the movement of many commodities, such as oil and natural gas. You follow the daily fluctuation of natural gas prices, including residential prices, to measure your client’s daily profits and losses.

  • Equity Trader

    An equity trader performs research and analysis to decide when to buy or sell shares of a company on an equities market. In addition to common stocks, your duties can include trading options, futures, exchange-traded funds, and other derivatives. Equity traders analyze data, look at charts, and ensure that the trade meets the requirements of their employer and government regulations. An equities trader can work for an investment bank, a private equity firm, or other financial institution. Some traders work independently. Your trading responsibilities can focus on one specific industry or type of equity.

  • International Trade Specialist

    As an international trade specialist, your primary job duties are to analyze foreign trade and monitor the global market. You advise your organization on all matters of international trade, including imports and exports, as well as financial dealings with foreign banks. Ensuring your organization meets all federal and international laws and regulations is one of your most important responsibilities. It’s crucial to stay current with international news, events, and developments, especially change to international laws and business requirements. You mostly work alone in an office setting but may sometimes be required to travel internationally or collaborate with other team members.

  • Investment Associate

    An investment associate works with investment analysts to perform a wide range of duties necessary for managing the investments of corporations and municipalities. As an investment associate, your responsibilities are to review the financial data and potential investments of a company to strategize the best plan to increase profits. You may help a client with buying stock, perform risk analysis, review a client’s portfolio, compile and interpret financial data, and assist with corporate mergers. Due to the varied nature of a client’s needs, your responsibilities also vary depending on the account.

  • International Trade Analyst

    An international trade analyst identifies and analyzes information on trade and economic matters related to the competitive position of a company or country compared to others within a particular industry or sector. As an international trade analyst, your responsibilities include conducting extensive qualitative and quantitative research on a variety of potential investment projects, markets, industries, and trade barriers, along with suggesting solutions to any issues you find. Other duties include planning and conducting studies that identify new trends, as well as developing and implementing strategies to take advantage of the trends, especially when businesses are seeking to enter new geographic markets. You also research all trade laws for these new markets and assist trade specialists by preparing technical reports on investment opportunities, providing useful data, statistics, forecasting, and market analysis.

  • Investment Banking Analyst

    As an investment banking analyst, you are working at the entry level of the investment banking industry. Your responsibilities and duties include market research, risk analysis, analysis of securities, conducting industry-specific research, and constructing valuation models. You learn more about your field every day and aim to stay ahead of the market trends. Investment banking analysts function as part of the firm’s investment banking team and must be able to take direction from and communicate effectively with more senior members of the team.

  • Credit Union Manager

    A credit union manager oversees a branch of a federal or local credit union. As a credit union manager, you monitor member services, manage security, and supervise staff. You ensure staff members treat clients with respect and handle all transactions thoroughly and to the customer’s satisfaction. Your responsibilities include overseeing collections, processing customer requests, and approving loan applications. Credit union managers must also process regular financial reports for upper management.

  • Commodity Broker

    A commodity broker buys or sells physical commodities, such as agricultural products, minerals, natural gas or oil, or precious metals, on behalf of an investor. They closely follow international markets in a specific commodity or group of commodities and make trades on the trading floor. Duties include developing reports and forecasts. They often work for brokerage firms, and present their research either to their managers or to give their clients trade recommendations. Some commodity brokers may travel to sites where commodities are made or extracted, such as a large farm or a coal mine.

  • Equity Research Associate

    An equity research associate is a financial analyst that provides insights to a financial manager regarding investment strategies. As an equity research associate, your responsibilities include diligently researching market trends for bonds, options, and stocks, producing a report detailing recommendations, and presenting all of this information to the financial manager. You need a bachelor’s degree for this career, and while business is the most common field, any degree that hones your analytical skills may be acceptable for this position. You can find equity research analyst positions in most financial institutions.

  • Trade Analyst

    A trade analyst studies the stock market from the sales exchange floor and decides what transactions to make in real time based on market data and financial reports. In this career, you must look at a variety of sources like tariff schedules, industry reports, and government regulations. You then use your knowledge to determine what stocks to buy or sell. To be a successful trade analyst, it is necessary to be resourceful, think quickly, and retain a lot of information at once.

  • Bank Secrecy Act Officer

    A bank secrecy act officer is an employee of a bank, credit union, or financial institution that reviews the policies and actions of the financial institution to ensure that it is in compliance with applicable laws and regulations, particularly the Bank Secrecy Act (BSA). Your duties as a bank secrecy act officer are crucial to the operation of the bank. The bank secrecy act, instilled in 1970, requires financial institutions to assist the government in investigations of financial crimes, particularly money laundering. The creation of a BSA officer is one of the requirements of the act. Your responsibilities include monitoring the activities of the bank, and you must report any occurrences that do not adhere to state and federal statutes and regulations to governmental agencies.

  • Day Trader

    A day trader is a stockbroker who focuses on buying and selling stocks to capitalize on market gains at the end of the day on behalf of customers. They focus on both short- and long-term increases to a stock portfolio or account. Day traders work primarily in the New York Stock Exchange on Wall Street but can also operate remotely. They keep a close watch on market conditions and make purchasing decisions accordingly. In most cases, a day trader completes a transaction cycle over the course of a single day, hence the name. Day traders don’t just trade stocks; they also trade bonds and options.

  • Trader

    All trader jobs share common primary responsibilities: to buy and sell financial instruments and assets. The specific job duties you have as a trader depends on the particular sector of trading in which you work. For example, you can find jobs in sell-side trading, buy-side trading, or hedge fund trading. You can become a stock trader, an equity trader, a day trader, a bank trader, or a day trader. As a trader, you can work in the stock market or for an investment bank, an asset management firm, or private clients.

  • Mortgage Branch Manager

    A mortgage branch manager oversees the daily operations of a mortgage provider location, such as the mortgage department at a commercial bank. Your duties and responsibilities in this job include training new sales associates, defining marketing and sales goals, and supervising the administration. You also service real estate loan activities, such as refinancing mortgages and providing first-time homebuyers with loan options. You work closely with other managers at the bank to ensure the operations in your department align with the goals and priorities of the other units.

  • Regional Branch Manager

    A regional branch manager oversees the operations of all the branches of a corporate business located within a defined territory or region. A bank with multiple locations, a retail or food service chain, or a service provider can all have regional branch managers. Your duties include creating policies for employees, managing marketing campaigns, hiring management staff at each location, and ensuring that all branches operate according to corporate policies and regulations. You also ensure that branches meet budget and sales goals and make improvements or changes if needed.