The Best Wall Street Jobs

Financial Industry Jobs

Charging Bull Symbolizing Wall Street Jobs
•••  Cultura Exclusive/Henglein and Steets

The best Wall Street jobs aren't necessarily on New York City's Wall Street or even in New York for that matter. The thoroughfare in lower Manhattan is synonymous with the financial industry, but you can find employment in this industry all around the world.

If you are looking for a career where the potential to earn a lot of money is high, you've come to the right place. However, if stability is a priority, this isn't the industry for you.

Wall Street jobs are not recession-proof. A struggling economy will negatively impact the financial industry. Unless you are willing to work a lot of overtime, you shouldn't consider a job in this field either. Many other occupations allow you to spend more time away from the office.

What Education and Certifications Do Wall Street Jobs Require?

To get a Wall Street job, you will have to get at least a Bachelor's Degree in a business-related major. Going to business school to earn a Master's in Business Administration (MBA) should be your next step as it will open up many more opportunities and allow you to advance in your career.

In addition to a degree, many employers also require, or at least prefer, applicants who have earned certification. Among those certifications are CFA (Certified Financial Analyst), CFS (Certified Fund Specialist), CIC (Chartered Investment Counselor), CIMA (Certified Investment Management Analyst), and CMT (Chartered Market Technician).

Different organizations provide these credentials and to get them, you must meet specific qualifications including passing examinations.

Top Financial Industry Jobs

Wall Street employers include investment banks and securities firms. Investment banks work with clients to issue stocks and bonds,  collectively called securities.

Securities firms sell them or trade them on the market. If you want a Wall Street Job, here are some from which to choose:

Investment Banker

An investment banker, sometimes called an investment underwriter, serves as the matchmaker between a business that needs money to operate and investors who have an interest in providing that funding. He or she advises these companies as they issue stocks and bonds for sale to the public. An investment banker also connects companies that want to merge with or acquire another company. This is called mergers and acquisitions or M & A.

Required Education: Bachelor's Degree in a business-related subject for entry-level jobs and an MBA for advancement

Median Annual Salary (2017): $139,451 (Average Base Salary, Glassdoor.com) + Bonuses 

Number of People Employed (2016): 376,000 (includes all type of securities, commodities, and financial services sales Agents)

Projected Employment (2026): 399,000

Projected Increase in Jobs (2016-2026): 6 percent

Stock Trader or Stock Broker

Stock traders and brokers both facilitate transactions of stocks—equity in businesses—on behalf of investors. Traders sell stocks they or the securities or brokerage firm for which they work own.

Their goal is to make a profit. Brokers arrange the sale and purchase of stocks between buyers and sellers for a commission.

Required Education: Bachelor's Degree. Business, finance, accounting, and economics courses are recommended.

Median Annual Salary (2017): $63,780

Number of People Employed (2016): 376,000 (includes securities, commodities, and financial services sales agents)

Projected Employment (2026): 399,000

Projected Increase in Jobs (2016-2026): 6 percent

Financial Examiner

A financial examiner makes sure banks and other financial institutions comply with the laws that govern them.

Required Education: Bachelor's Degree with courses in finance, economics, and accounting preferred

Median Annual Salary (2017): $81,690

Number of People Employed (2016): 52,500

Projected Employment (2026): 57,600

Projected Increase in Jobs (2016-2026): 10 percent

Financial Analyst

Alternatively called an investment or security analyst, a financial analyst helps his or her employer or its clients develop investment strategies. He or she gathers facts about a product's, industry's, or company's current and historic performance and makes investment recommendations based on this data.

Required Education: Bachelor's Degree in Statistics, Mathematics, Accounting, Finance, or Economics

Median Annual Salary (2017): $100,180

Number of People Employed (2016): 71,000

Projected Employment (2026): 79,000

Projected Increase in Jobs (2016-2026): 11 percent

Fund Manager

A fund manager coordinates the investment strategy for a large pool of assets called a fund. He or she may manage hedge, mutual, trust, or pension funds. Some financial analysts become fund managers.

Required Education: MBA

Median Annual Salary (2017): $105,610

Number of People Employed (2016): 992,000

Projected Employment (2026): Over 1 million

Projected Increase in Jobs (2016-2026): 5 to 9 percent

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