Careers in the financial industry can be enriching, and that holds true for insurance and banking jobs. If you are considering a financial services industry career path or are already working in a role such as investment banking, the salary of insurance and banking jobs might affect what you do next. In that case, our average salary data and research on the highest-paying jobs in banking and highest paying insurance jobs will steer you in the right direction.
Quick Links:
- High Paid Jobs In The Banking And Insurance Industry
- Top 70 Highest Paying Banking And Insurance Jobs
- Other Industries With High Median Annual Salary
- Highest Paying Banking And Insurance Job FAQs
Highlights And Key Takeaways:
- The highest paid banking jobs are Insurance Claims And Policy Processing Clerk and Hedge Fund Manager.
- Further highest paying jobs in banking include Stockbroker and Investment Manager.
High Paid Jobs In The Banking And Insurance Industry
We have analysed the salary figures from 1,000s of companies advertising banking and insurance jobs. So, our average salary and maximum salary data will guide your next move, whether you are in higher education, moving up the career ladder, or at the pinnacle of your career - you can uncover the best paid banking jobs below.
Highest Paying Banking And Insurance Jobs By Average Salary:
1. INSURANCE CLAIMS AND POLICY PROCESSING CLERK
The average salary of an Insurance Claims And Policy Processing Clerk is £28,700 per year.
Insurance Claims And Policy Processing Clerks have the high paying job with the most lucrative average salary. These insurance professionals process and modify insurance policies and claims, liaising with policyholders. Jobs require extensive training and experience, with most individuals with this professional designation having an Economics, Finance, or Business Bachelor's Degree.
Insurance Claims And Policy Processing Clerk Salary | Search Insurance Claims And Policy Processing Clerk Jobs
2. HEDGE FUND MANAGER
The average salary of a Hedge Fund Manager is £114,800 per year.
Hedge Fund Managers have the second highest-paying jobs in banking and insurance. They manage parts of or entire hedge funds for investors. Hedge funds combine investments in bonds, stocks, futures, and consumer goods. Managers of hedge funds typically have a Master’s Degree and years of financial industry experience leading to a Hedge Fund Analyst role before becoming a Hedge Fund Manager.
Hedge Fund Manager Salary | Search Hedge Fund Manager Jobs
3. STOCKBROKER
The average salary of a Stockbroker is £86,800 per year.
Stockbrokers have the third-highest top-paying jobs by average salary. Stockbrokers monitor financial markets and market trends, review clients’ investment portfolios, and advise on investment opportunities. Many Stockbrokers enter the profession after gaining a Bachelor’s Degree in Economics, Mathematics, Finance, Business, or Management.
Stockbroker Salary | Search Stockbroker Jobs
4. INVESTMENT MANAGER
The average salary of an Investment Manager is £50,900 per year.
Investment Managers have the fourth highest-paying jobs by average salary. They analyse clients' financial status, oversee financial planning, assess financial risk, buy and sell securities, and act as portfolio managers. To secure these finance jobs, you will need experience in the finance industry and a Bachelor's Degree in Data Analysis, Economics, Statistics, Computer Science, Tax Law, Business Law, or Asset and Risk Management.
Investment Manager Salary | Search Investment Manager Jobs
5. FOREX TRADER
The average salary of a Forex Trader is £82,200 per year.
Forex Traders (Foreign Exchange Traders) also earn highly by average salary. They manage the financial risk of trading on foreign exchange markets. The role is similar to buying and selling stocks, but in this case, the financial strategies of investment companies are to make a profit as exchange rates fluctuate. Top soft skills for the job include quantitive skills, and most Forex Traders have a Bachelor's Degree in Finance, Mathematics, Economics, or Business.
Forex Trader Salary | Search Forex Trader Jobs
6. TREASURY CONTROLLER
The average salary of a Treasury Controller is £73,400 per year.
Treasury Controllers earn a high wage for overseeing the organisation’s budget, financial reporting, payroll, financial documents, asset liability, cash flow, liquidity, and capital. To steer your career to this role, start with a Bachelor’s Degree followed by professional qualifications such as Certified Treasury Professional or Chartered Financial Analyst.
Treasury Controller Salary | Search Treasury Controller Jobs
7. ACTUARY
The average salary of an Actuary is £75,700 per year.
Actuaries have one of the highest-paying jobs in banking and insurance. They work with government departments or companies, analysing statistics and forecasting investment risks and financial costs. To secure an Actuary job, start by earning an Accounting, Economics, Maths and Statistics, or Actuarial Science Degree. You can also investigate developing your academic background with the Institute and Faculty of Actuaries.
Actuary Salary | Search Actuary Jobs
8. ACTUARIAL SCIENCE
The average salary of an Actuarial Science job is £70,000 per year.
Actuarial Science jobs appear eighth in our list of top-paying banking and insurance jobs. To pursue an Actuarial Science career, you will need to complete an Actuarial Science Degree and become a member of the Institute and Faculty of Actuaries.
Actuarial Science Salary | Search Actuarial Science Jobs
9. INVESTMENT FUND MANAGER
The average salary of an Investment Fund Manager is £80,900 per year.
Investment Fund Managers enjoy a high average salary, and their role includes providing financial products and services, financial statements, and giving financial advice to corporate clients. They help clients make financial decisions and buy and sell investment products such as bonds, shares and trusts. To secure one of these finance jobs, you will need a Finance Degree, up to ten years of experience, and earn most if you gain a Chartered Financial Analyst Certification.
Investment Fund Manager Salary | Search Investment Fund Manager Jobs
10. INSURANCE BUSINESS ANALYST
The average salary of an Insurance Business Analyst is £50,900 per year.
Insurance Business Analysts just make it into the top ten and are responsible for analysing and providing value-driven solutions for insurance business problems. They assess insurance industry trends and changes that may impact insurance businesses, thus requiring extensive experience and a Business Analysis Certification.
Insurance Business Analyst Salary | Search Insurance Business Analyst Jobs
After viewing our statistics for top average salaries, you may be wondering which jobs pay the most money by maximum salary. Are they the same jobs or do other banking and insurance roles in the financial world have a better maximum salary potential?
Highest Paying Banking And Insurance Jobs By Maximum Salary:
1. INSURANCE CLAIMS AND POLICY PROCESSING CLERK
The maximum annual salary of an Insurance Claims And Policy Processing Clerk is £36,600.
Insurance Claims And Policy Processing Clerk Salary | Search Insurance Claims And Policy Processing Clerk Jobs
2. INVESTMENT MANAGER
The maximum annual salary of a Investment Manager is £100,000.
Investment Manager Salary | Search Investment Manager Jobs
3. HEDGE FUND MANAGER
The maximum annual salary of a Hedge Fund Manager is £148,100.
Hedge Fund Manager Salary | Search Hedge Fund Manager Jobs
4. INVESTMENT FUND MANAGER
The maximum annual salary of an Investment Fund Manager is £225,000.
Investment Fund Manager Salary | Search Investment Fund Manager Jobs
5. PRIVATE EQUITY ASSOCIATE
The maximum annual salary of an Private Equity Associate is £182,500.
Private Equity Associates may have missed out on the highest average salary, but the maximum wage is another story. Private Equity Associates usually work for private equity firms, monitoring and analysing data, raising capital from outside investors, and searching for investment opportunities. You can become a Private Equity Associate if you have Investment Analyst experience, a Finance Industry Degree, or Chartered Financial Analysts (CFA) Certification.
Private Equity Associate Salary | Search Private Equity Associate Jobs
6. TREASURY CONTROLLER
The maximum annual salary of a Treasury Controller is £125,000.
Treasury Controller Salary | Search Treasury Controller Jobs
7. INSURANCE BUSINESS ANALYST
The maximum annual salary of an Insurance Business Analyst is £110,000.
Insurance Business Analyst Salary | Search Insurance Business Analyst Jobs
8. FUNDS ASSOCIATE
The maximum annual salary of a Funds Associate is £165,000.
Fund Associates earn top salaries in the insurance, banking, and financial industry. Their responsibilities include providing and documenting accounting policies for Fund Administrators, Asset Managers, Portfolio Managers, and Transaction Managers. To become a Funds Associate, you will need an Associates Bachelor’s Degree and licenses and certifications such as CPA or CFA.
Funds Associate Salary | Search Funds Associate Jobs
9. ASSET MANAGER
The maximum annual salary of an Asset Manager is £101,400.
Asset Managers advise clients on acquiring and trading assets. Asset Managers may implement and monitor asset revenue-increasing strategies covering bonds, commodities, and real estate. A Bachelor's Degree and Institute of Asset Management Certification will help you earn a top wage.
Asset Manager Salary | Search Asset Manager Jobs
10. ACTUARY
The maximum annual salary of an Actuary is £117,500.
Actuary Salary | Search Actuary Jobs
Top 70 Highest Paying Banking And Insurance Jobs
These are the top 70 highest paying banking and insurance jobs by average salary:
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Insurance Claims And Policy Processing Clerk Salary | Search Insurance Claims And Policy Processing Clerk Jobs
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Treasury Controller Salary | Search Treasury Controller Jobs
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Investment Fund Manager Salary | Search Investment Fund Manager Jobs
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Insurance Business Analyst Salary | Search Insurance Business Analyst Jobs
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Private Equity Associate Salary | Search Private Equity Associate Jobs
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Compliance Regulatory Manager Salary | Search Compliance Regulatory Manager Jobs
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Investment Underwriter Salary | Search Investment Underwriter Jobs
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Branch Investment Manager Salary | Search Branch Investment Manager Jobs
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Household Underwriter Salary | Search Household Underwriter Jobs
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Relationship Banker Salary | Search Relationship Banker Jobs
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Insurance Underwriter Salary | Search Insurance Underwriter Jobs
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Retail Loss Prevention Specialist Salary | Search Retail Loss Prevention Specialist Jobs
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Compliance Regulatory Auditor Salary | Search Compliance Regulatory Auditor Jobs
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Trade Finance Supervisor Salary | Search Trade Finance Supervisor Jobs
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Insurance Field Sales Agent Salary | Search Insurance Field Sales Agent Jobs
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Insurance Sales Manager Salary | Search Insurance Sales Manager Jobs
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Securities and Commodities Trader Salary | Search Securities and Commodities Trader Jobs
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Compliance Specialist Salary | Search Compliance Specialist Jobs
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Financial Services Sales Agent Salary | Search Financial Services Sales Agent Jobs
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Financial Specialist Salary | Search Financial Specialist Jobs
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Insurance Appraiser Salary | Search Insurance Appraiser Jobs
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Loss Prevention Manager Salary | Search Loss Prevention Manager Jobs
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Insurance Investigator Salary | Search Insurance Investigator Jobs
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Insurance Policy Processing Clerk Salary | Search Insurance Policy Processing Clerk Jobs
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Insurance Sales Agent Salary | Search Insurance Sales Agent Jobs
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Appraisers And Assessors Of Real Estate Salary | Search Appraisers And Assessors Of Real Estate Jobs
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Insurance Claims Clerk Salary | Search Insurance Claims Clerk Jobs
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Insurance Administrator Salary | Search Insurance Administrator Jobs
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Highest Paying Banking And Insurance Job FAQS
Next we answer your questions on the highest paying banking and insurance jobs.
WHAT ARE SOME OF THE BEST PAYING BANKING AND INSURANCE JOBS?
The highest paying jobs in financial companies such as insurance firms and investment banks include Insurance Claims And Policy Processing Clerk, Hedge Fund Managers, and Stockbrokers.
WHAT IS THE AVERAGE SALARY OF BANKING AND INSURANCE ROLES?
You can find the Banking and Insurance Average Salary here for positions such as Investment Bankers, Financial Analysts, Investment Banking Analysts, Chief Financial Officer, Portfolio Manager, Loan Officers, Risk Manager, Budget Analysts, Internal Auditor, and more.
WHERE IS THE BEST PLACE TO WORK IN BANKING AND INSURANCE?
The top-paying insurance companies, financial firms, and investment banks are located in London, Scotland, South East, and North East regions. The best salaries may also be found in positions requiring a commitment to long hours.
WHAT IS THE AVERAGE SALARY OF A PORTFOLIO MANAGER?
A Portfolio Manager is a financial professional, often seen as a key player in wealth management and financial institutions, typically earns an average salary of £39,300 in the UK. Their expertise in recommending investment strategies, financial modelling and managing mutual funds or pension funds places them among the best paying jobs in finance and the banking sector.
WHICH JOB SEARCH SITES INCLUDE INVESTMENT BANKER JOBS?
For aspiring investment bankers, several job search sites are invaluable. Check-A-Salary, a premier site, offers a comprehensive listing of opportunities in commercial and investment banks as well as other large financial institutes. Additionally, visiting bank websites and exploring industry-specific platforms can provide a wealth of opportunities in related fields such as financial analysis and risk management techniques.
HOW MUCH DOES A CERTIFIED FINANCIAL PLANNER EARN?
Certified Financial Planners are financial advisors, providing crucial financial guidance and retirement planning services, earn an average salary of £55,100 in the UK. Their role in the financial sector or financial institution is integral, aiding individuals in navigating the complexities of personal finance.
WHAT IS THE SALARY OF FINANCIAL MANAGERS IN THE UK?
Financial Managers in the UK, often employed by major banks and financial institutions, command an average salary of £54,700. Their major bank expertise in financial modelling and growth strategies is vital in the banking industry, making them one of the most sought-after finance professionals.
HOW MUCH DOES A LOAN OFFICER GET PAID?
Loan officers, integral to the banking job spectrum, especially in dealing with loan applicants, earn an average of £35,500 in the UK. Their role requires strong interpersonal skills and a thorough understanding of banking regulations and industry certifications.
WHAT IS THE ANNUAL SALARY OF COMMERCIAL BANKING PROFESSIONALS?
Professionals in commercial banking, a critical sector of the finance industry, earn an average annual salary of £35,200. Their job duties span a range of financial services, including credit analysis and providing financial advice, underlining their importance in the financial market.
HOW MUCH DOES A CREDIT ANALYST EARN?
Credit Analysts, key figures in evaluating the creditworthiness of individuals and corporations for major banks, command an average salary of £50,500 in the UK. Their role is crucial in mitigating risks and aiding financial managers in decision-making processes.