Best Paying Jobs in Commercial Banks

Updated on January 31, 2024

The banking sector continues to be a lucrative field for professionals seeking high-paying career opportunities. With a wide range of roles requiring various levels of education and expertise, the industry offers promising paths for both seasoned experts and those just starting their careers. Below, we explore some of the top-paying positions within commercial banks, outlining job titles, average salaries, responsibilities, and the educational background needed for each role.

Investment Banker

  • Average Salary: $162,715
  • Job Description: Investment Bankers are pivotal in assisting companies with capital raising through securities issuance and providing strategic investment advice.
  • Responsibilities: Their duties include managing client investment portfolios and overseeing securities transactions.
  • Required Education: A bachelor’s degree or MBA is typically required, along with substantial experience in the finance sector​​.

Financial Manager

  • Average Salary: $131,710
  • Job Description: Financial Managers devise strategies for managing assets, investments, and the overall capital structure of organizations.
  • Responsibilities: Key responsibilities include financial analysis, budgeting, and managing assets.
  • Required Education: A bachelor’s degree in finance, accounting, or a related field is necessary for this role​​.

Portfolio Manager

  • Average Salary: $131,710
  • Job Description: Portfolio Managers are responsible for managing investment portfolios to maximize returns for clients.
  • Responsibilities: This involves tracking market trends, creating investment plans, and analyzing performance.
  • Required Education: Typically requires a bachelor’s degree in finance or related fields​​.

Credit Analyst

  • Average Salary: $88,030
  • Job Description: Credit Analysts assess the creditworthiness and associated risks of lending to individuals and businesses.
  • Responsibilities: They analyze financial data, prepare reports, and make recommendations on credit.
  • Required Education: A bachelor’s degree in finance, economics, or related fields is needed​​.


  • Average Salary: $125,300
  • Job Description: Actuaries use statistical methods to assess risks in the finance and insurance sectors.
  • Responsibilities: Their work includes calculating risks and premiums and designing insurance policies.
  • Required Education: This role requires a bachelor’s degree and passing exams from actuarial societies​​.

Branch Manager

  • Average Salary: $59,453
  • Job Description: Branch Managers oversee the operations of a banking branch, ensuring efficient service delivery and customer satisfaction.
  • Responsibilities: They supervise staff, manage daily operations, and foster customer relationships.
  • Required Education: A bachelor’s degree in business administration or finance is typically required​​.

Personal Financial Advisor

  • Average Salary: $119,960
  • Job Description: Personal Financial Advisors provide guidance on investments, estate planning, and retirement planning to clients.
  • Responsibilities: They manage investment strategies, financial planning, and client relationships.
  • Required Education: A bachelor’s degree and certifications like CFP are often required​​.

Financial Systems Director

  • Average Salary: $118,427
  • Job Description: Financial Systems Directors are in charge of an organization’s financial information systems.
  • Responsibilities: They oversee system design and maintenance, manage staff, and ensure system efficiency.
  • Required Education: A bachelor’s degree in computer science, IT, or a related field is necessary​​.

Compliance Officer

  • Average Salary: $75,810
  • Job Description: Compliance Officers ensure that an organization adheres to legal standards and internal policies.
  • Responsibilities: They develop policies, audit procedures, and ensure legal compliance.
  • Required Education: A bachelor’s degree in business administration, law, or related fields is required​​.

Loan Officer

  • Average Salary: $80,570
  • Job Description: Loan Officers assist individuals and businesses in securing loans from financial institutions.
  • Responsibilities: They evaluate loan applications, recommend approvals, and negotiate loan terms.
  • Required Education: A bachelor’s degree in finance or a related field is needed for this role​​.

Final Thoughts

The commercial banking sector presents a variety of high-paying career opportunities for individuals with diverse educational backgrounds and skill sets. From investment banking to risk management, these roles not only offer competitive salaries but also play integral roles in the economic stability and growth of societies. With the right education, skills, and experience, a career in banking can be both financially rewarding and professionally enriching.

Other Jobs in Finance, Banking, and Insurance


For more comprehensive information on banking job roles and salaries, you can explore a variety of sources:

  1. PayScale offers a vast database of salary information for different job titles and locations. It’s a great resource for getting personalized reports on market worth based on specific job titles, locations, skills, and education. For more detailed information, visit PayScale’s Banking Salary page.
  2. GOBankingRates provides insights into the top-paying jobs in the banking sector, with details on average annual salaries, required education, and job growth outlook. This site can be particularly useful for understanding the broader landscape of banking careers and their respective remunerations. Check out their detailed descriptions on GOBankingRates.
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Frank Gogol

I’m a firm believer that information is the key to financial freedom. On the Stilt Blog, I write about the complex topics — like finance, immigration, and technology — to help immigrants make the most of their lives in the U.S. Our content and brand have been featured in Forbes, TechCrunch, VentureBeat, and more.

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