Career Options in the Stock Market with High Pay
There are several options available to individuals who are interested in pursuing a job in the stock market. Many of these positions also offer the potential to earn high salaries, especially if you are working in certain industries. Below, we will discuss a few of these lucrative career choices.
|Job Title||Median Salary (2018)*||Job Growth (2018-2028)*|
|Securities, Commodities, and Financial Services Sales Agent||$64,120||4%|
|Personal Financial Advisor||$88,890||7%|
Source: *U.S. Bureau of Labor Statistics
Career Information for High Paying Jobs in the Stock Market
Securities, Commodities, and Financial Services Sales Agent
There are several types of securities, commodities, and financial services sales agents. You may work as a broker who sells securities and commodities to individuals, as an investment broker who helps businesses find investors to fund their projects and operations, or a number of other types of agents. All of these positions involve working closely with the stock market, understanding how it works, and being able to predict future trends. While the median salary for these professionals in 2018 was $64,120, those who worked in the securities and commodity contracts intermediation and brokerage industry made a median salary of $97,110. To become a securities, commodities, and financial services sales agent, you will generally need at least a bachelor's level degree, though having a MBA could be helpful to advance.
Personal Financial Advisor
Personal financial advisors typically work with individuals or couples by providing them with advice and guidance regarding their finances. They take an assessment of the current state of their finances, including their income, expenses, any real estate holdings, and their investment portfolio. Personal financial advisors help clients set goals for their future, like setting up a retirement plan, college savings accounts, and helping them expand their investments. Because advisors often work in investing, they must be able to make wise decisions regarding the stock market. Personal financial advisors made a median salary of $88,890 in 2018, though advisors in the top ten percent of the field made $208,000 or more. You will need a bachelor's degree in a field like finance or accounting and to work as a personal financial advisor; additional licensing or registration may also be expected. A master's degree may be helpful in securing employment or career advancement.
Financial managers work for organizations and companies and manage all of their finances. They are responsible for assessing the overall financial health of the organization, managing employees, evaluating financial documents like budgets and written reports, and meeting with company executives to set financial goals. They also make recommendations regarding investments, meaning financial managers must be able to work in the stock market and stay updated on market trends. Financial managers made a median salary of $127,990 in 2018, though the top ten percent of managers made more than $208,000 per year. To become a financial manager, you will need a bachelor's degree along with at least five years of experience in a finance or related field.
Actuaries are experts in assessing risks and dealing with uncertainty. They are typically employed by businesses or clients and provide them with statistical data that predicts the likelihood of various events happening or not. This includes dealing with investments and running statistical analysis tests on prospective investments to determine if they would be wise decisions. Actuaries therefore should be knowledgeable about the stock market in order to properly make predictions involving it. Actuaries made a median salary of $102,880 in 2018, though those working in the top ten percent of their field made $186,110.
Financial analysts work with both individuals and companies. They analyze the stock market in order to give guidance regarding investment decisions. Analysts may recommend various investments to their clients based on their financial goals and how risky of an investment strategy they are interested in undertaking. They are also responsible for estimating the value of a company by assessing their financial documents. These professionals made a median salary of $85,660 in 2018 but analysts in the top ten percent of their field made $167,420. To become a financial analyst, you will need a bachelor's degree in a finance related field, but a master's degree and additional finance certifications are expected for most high-level positions.