Pursuing a profession in the finance industry can lead to a career with significant financial rewards. With the sector experiencing significant growth and transformation over the years, several high-paying jobs in finance have allowed experts to thrive in the industry.
With the expansion of the Philippines’ financial services, there is an increasing demand for skilled professionals in various finance-related roles. And because of this demand surge, the industry is offering competitive compensation packages for experts.
So, What are the Highest Paying Jobs in the Finance Sector?
To give you an idea of which careers are the most financially rewarding, here are the top-paying finance jobs:
1. Chief Financial Officer (CFO)
CFOs oversee and manage a company’s financial operations including budgeting, forecasting, and accounting. They ensure that the organization’s financial goals align with its strategic objectives.
To be a CFO, you generally need years of experience in the industry and updated knowledge of innovations in finance. They either attain master’s degrees in their specific fields or enroll in online short-term certification courses in finance to have relevant information in the sector.
And because CFOs have a high level of responsibility, they are rewarded generously. According to Salary Expert, the average annual salary for a CFO in the Philippines is at ₱3,023,497.
2. Investment Banker
Investment bankers help companies increase capital and advise them on acquisitions and mergers. They work with a wide range of clients, including corporations, governments, and private equity firms.
Successful investment bankers typically have several years of experience in the financial industry. And as compensation for their achievements and responsibilities, it’s reported that they earn an estimated ₱1,097,710 yearly.
3. Portfolio Manager
Portfolio managers invest money on behalf of their clients. They develop and implement investment strategies that are designed to meet their clients’ financial goals. Portfolio managers work with a wide range of clients, including individuals, families, institutions, and corporations. They may also work for mutual funds, hedge funds, or other investment firms.
On average, portfolio managers receive ₱1,407,814 per annum.
4. Corporate Finance Manager
Corporate finance managers oversee the financial operations of a company’s specific division or business unit. They are responsible for tasks such as budgeting, forecasting, and financial analysis.
These experts play an important role in the success of businesses, providing financial advice to senior management. They help ensure the financial stability of an organization and that it is making sound financial decisions.
In the Philippines, financial managers can earn up to ₱1,480,447 annually depending on their experience.
5. Financial Analyst
Financial analysts provide valuable financial guidance to help businesses make informed decisions. They can work in a variety of industries including banking, investment management, and corporate finance. They’re responsible for analyzing financial data, assessing investment opportunities, and making recommendations based on their findings.
While the salary range for financial analysts is wide, experienced professionals can earn anywhere from ₱277,671 to ₱611,368 annually. Of course, more experience and high-profile clients can lead to greater earnings.
6. Senior Accountant
Senior accountants are experienced professionals who have reached a higher level within their organizations due to their extensive knowledge and expertise in the field of accounting and finance. They manage the financial health and compliance of an organization. To flourish as a practicing accountant, knowing how to earn CPD units for Certified Public Accountants (CPAs) is beneficial.
On average, senior accountants can receive up to ₱861,486 per annum depending on their performance and industry proficiency.
7. Financial Advisor
Financial advisors or financial consultants are professionals who provide guidance and advice to individuals, businesses, or organizations on a wide range of financial matters. Their primary goal is to help clients make informed financial decisions, achieve their financial goals, and secure their financial well-being. Generally, you encounter financial advisors in the field of insurance.
To succeed as a financial advisor, taking short finance courses online is recommended. These programs give them information on new strategies and technologies relevant to financial growth.
Financial consultants can earn an average of ₱727,780 yearly.
8. Chief Compliance Officer (COO)
CCOs are senior executives within organizations responsible for overseeing and managing compliance with laws, regulations, industry standards, and internal policies. Their primary role is to ensure that the organization operates within the boundaries of legal and ethical standards, minimizing risks associated with non-compliance.
To thrive in this profession, getting a Master’s Degree in Public Administration is advantageous.
According to Pay Scale, the average yearly salary of CCOs can reach up to ₱2,942,246.
The development of the finance industry in the Philippines has led to a multitude of high-paying job opportunities for you to pursue. Whether you’re considering a career in investment banking or accounting, the right skills and dedication can propel your career in finance.
Skills You Need in the Finance Industry
The abilities needed to succeed in the best-paying jobs in finance extend beyond formal education. While each finance role may require specific technical skills, a few universal attributes can help you excel in the financial sector:
- Strong Analytical Skills: A career in finance generally entails that you are to analyze complex financial data on a daily basis. It’s important that you understand the fundamental principles in finance to make informed decisions.
- Financial Acumen: A deep understanding of financial markets, investment strategies, and risk management is essential for success. Constant research on the movement of money within the economy and institutions is advisable. Actively investing in courses directed at how to improve your finance and accounting skills can be beneficial to a rewarding career.
- Communication Skills: Effective communication, both written and verbal, is crucial for conveying complex financial information to colleagues, clients, and stakeholders. Consciously practicing your communication skills can help you build successful professional relationships.
It’s important to note that many high-paying finance jobs in the Philippines require not only strong technical skills but also a commitment to ethical conduct and a dedication to lifelong learning and professional growth. Experts who lead in these roles often possess a strategic mindset and the ability to adapt to the evolving financial landscape.
Advancing Your Career in Finance with OEd Postgrad
If you’re interested in a high-paying job in finance, gaining relevant experience and postgraduate degrees or certifications can positively impact your career trajectory. Building your credibility as an expert in your specific field in the industry can open more career opportunities for you.
So, if you’re ready to take the next step and elevate your financial expertise, Online Post Grad is your trusted partner in this exciting journey toward success. With a focus on specialized knowledge, real-world applications, flexible education, and a commitment to excellence, our program provides the key to advancing your career in the financial sector.
Apply at OEd Postgrad today and secure your future in finance!