What state pays finance majors the most? (2024)

What state pays finance majors the most?

Overall, New York ranks as the top state to pursue a career in finance or accounting, with a finance career score of 9.65 out of 10. The state also has the highest average accounting and finance salary of any state - $117,000 a year.

What are the top 5 highest paying jobs? The top 5 highest paying jobs in finance are investment banking, hedge fund management, CFO roles, private equity, and actuarial positions. These careers typically offer substantial salaries and the potential for significant bonuses.

Best cities for finance jobs: Jersey City, New York City, Newark, and Washington, D.C. Cities with the highest personal income per capita: San Jose, San Francisco, Oakland, Boston, and Seattle. Cities with the most Fortune 500 companies: New York City, Houston, Atlanta, and Chicago.

Finance can be a fiercely competitive field. It's a famously high-paying industry known to deal out six or seven figures in salaries and bonuses for those at the top. Even those on the bottom rung can expect to start at a good wage compared with other fields.

New York, New York, USA

New York City is typically considered the finance capital of the world. Many of the largest investment banks, including Goldman Sachs,15 Morgan Stanley,16 and Merrill Lynch,17 are headquartered in New York City. So too are several large banks, including Citigroup and JPMorgan Chase.

The U.S. Bureau of Labor Statistics (BLS) projects that business and finance jobs will be in demand from 2022 to 2032, with 911,400 openings on average each year. Certain roles within finance, like financial examiner, are expected to grow over six times faster than the rate for all occupations nationwide.

1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.

What is the best college for high paying jobs in finance?

The top five private colleges for high-paying jobs in finance are MIT, Harvard University, Princeton University, the University of Pennsylvania and Dartmouth College.

High earning potential: Many jobs in finance offer high salaries and growth potential, making it a lucrative career choice. Diverse career opportunities: With a finance degree, you can work in various roles and industries, from investment banking to risk management to financial planning.

Finance roles that typically pay the most include positions such as investment banking managing directors, hedge fund managers, or private equity partners. Chief financial officers (CFOs) of large corporations are also highly paid positions.

Finance professionals are often responsible for managing large amounts of money, making critical decisions that can have significant financial impact. Additionally, the finance industry can be very competitive, and those with specialized skills and knowledge are often in high demand.

The best cities for finance analysts are Oyster Bay, NY, New York, NY, and Seattle, WA, based on factors like average salary and job availability per capita. Jobs and pay for finance analysts vary across the country, but we've determined the ten best cities for finance analysts in the U.S.

Key things you should know about finance major salaries

The 2022 median annual pay was $96,220 for financial analysts, $139,790 for financial managers, and $76,850 for business and financial occupations (overall) (BLS, 2023).

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay. Careers in accounting can offer more predictable and stable work but less pay in many cases.

Is finance major math heavy?

One thing that's for sure is the high amount of math you will need to study. Finance is a mathematical discipline, so if you aren't as comfortable with math as with other ways of thinking, you may find it more challenging. Additionally, finance also makes use of a vast, highly specific vocabulary.

New York City

New York, ranked first in the Global Financial Centres Index, is frequently regarded as the world's preeminent financial center. It also consistently ranks as the world's wealthiest.

People who choose to major in finance are interested in numbers, financial markets, and finding ways to make money. They tend to be natural problem-solvers who like setting goals and researching ways to reach them.