10 Best Paying Jobs in Finance Commercial Services in 2023

best paying jobs in finance commercial services

Do you want the best paying jobs in finance commercial services? Choosing a career path in this industry is relatively easy, and you can achieve it quickly. The jobs in this industry are many, which could cause a lot of confusion regarding the right career path to pursue or neglect; the job offer to take or turn down.

Nevertheless, through this article, we shall show you all you need to know about the subject matter, its relevance, and what you need to know regarding the availability of desired jobs.

What is Finance Commercial Services?

Finance commercial services focuses on offering loans to businesses. The industry is in the business of helping companies, both large and small, through their financial constraints by providing loans to them.

These loans are used by businesses seeking them to offset their debt and liabilities or other reasons why they are desired. In return, the companies must present collateral to the loan’s value or more.

Institutions that offer these loans are primarily banks and other money lending initiatives or companies, which can provide both small and large loan facilities.

 best paying jobs in finance commercial services

As we stated, this loan obtained from the money lending institution or commercial banks can either be secured or unsecured, depending on the terms of the loan services.

When secured, it is fixed on a particular asset of the company, which is of the same value as the loan obtained. These assets are known as Collateral, including real estate, equipment, etc.

When they are unsecured, they are not fixed on a particular company asset. In this case, the loan will be repaid based on the business’s cash flows, which will then be used to repay the loan.

For a business to successfully acquire a loan, consultations must be made with financial advisers, usually independent, to understand whether or not it is necessary to obtain the loan in the first place.

Generally, this industry covers a few aspects relating to securities or loans:

Loan: This is when money is borrowed from a money lending institution, and it is agreed to be paid repaid at a given period, at an agreed interest rate.

Lines of credit: However, when a company or business has an agreement with a money lending or borrowing institution which allows it to continuously borrow over agreed terms secured by assets of the borrowing company or business.

Property Finance: The borrowed money is used for specific, estate-related ventures.

Advantages of Working in the Finance Commercial Services

There are benefits involved in pursuing a career in this industry. Many consider this career path not worth pursuing because of how less attractive it may be. However, the benefits are overwhelming.

 best paying jobs in finance commercial services

Below, we shall look at the various reasons why you should consider a career path in this industry and why you should do any available jobs.

1. Different kinds of jobs

One of the various advantages of this industry is not just the availability of jobs but the availability of multiple kinds of jobs.

Later on, we shall be considering various jobs available in finance commercial services. Still, before then, you must have it at the back of your mind that this industry offers you not just a job but a variety of it.

As the saying goes, “variety is the spice of life.” Many enter this industry hoping to find a suitable job peculiar to their interests and goals.

Venturing into the best paying jobs in finance commercial services industry, you do not have to be delayed, as you are offered the opportunity to pick through any jobs that suit your dreams or expectations.

2. Socializing

One of the places you tend to meet people the most is in finance commercial services. You cannot just get enough people, from customers to co-workers and colleagues. The benefit of socializing or meeting people in this industry to you is that it affords you the opportunity of networking.

Most people in this industry have testimonies of how good relationships were built with a colleague or customer as a result of the socializing attribute of this industry. Through networking, many workers have registered for career advancement based on the recommendations of one or two customers they just met in passing.

How you interact with them helps pave the way for a better, promising future. It does not matter who the customer or person might be, but the benefits that come with networking are huge.

Aside from networking, meeting new people in this line of work offers you the opportunity to interact. Though heavily underrated, human interactions help to push a business to greater heights.

It is not rocket science; when you work in an establishment that allows for the free flow of people, your constant interaction helps you function properly, which can also affect your work positively.

Human interaction will enable you to grade or access your job to determine whether you are doing the right thing or not, giving room for improvement.

3. Chance of career advancement

Do you have a plan for speedy career advancement? Then look no further, as though your level of progress in this industry is assured.

While jobs in other industries take quite a while before workers record significant advancement as an employee in any of the career paths under this industry, one of its numerous benefits is speedy career advancement.

With each unit consisting of various teams, your growth level within your team, based on numerous criteria like your work, skills, and so on, would greatly determine whether or not you would record any growth at all.

However, when such growth is recorded, it is usually based on your capabilities in the criteria listed above. If you diligently work through them, your advancement will be significant.

With these advancements, you could also record increments in your salary or remunerations. One of the primary reasons people pick out a job is because of the wage, and if you wish to increase your salary regularly, you have to choose a career path in this industry.

Other advantages include:

  • Growth for personal banking
  • High chance of Job Security
  • Reasonable work hours
  • Good benefits: This includes Salary, Bonuses, Retirement Benefits, Paid Vacation and Sick Leave, and so on.
  • Entry–level opportunities: Available positions here include Administrative Assistant, Assistance manager, Business development associate, Loan coordinator, Receptionist, Teller, Underwriting assistant, and Entry – level credit analyst.

Best Paying Jobs In Finance Commercial Services

With the benefits of this job, the next big question is, what are the best paying jobs available for someone to take in finance commercial services? To answer that question, let us quickly look at the best ten (10) best paying jobs in finance commercial services.

1. Loan Officer

The position of a loan officer is one of the highest-paid jobs in the commercial finance industry, which requires you to have ample knowledge about loan processes. You have to be able to analyze, confirm and authorize the disbursement of loans to individuals, groups, and businesses.

Under this job, you have to have ample knowledge about the loan ”muscle” for banks, the current of the market as it relates to real estate and other fixed assets, as well as the various municipal and national laws that regulate loan disbursement.

loan officer

Aside from this, it is no secret that many things are involved in this job that could make it complex and probably challenging to handle. This is why it is expected that most applicants for this position should have at least a college degree and more than three years of experience.

You also need to have ample knowledge about the laws for the state and the federation, as it affects this industry. You also have good knowledge about the market, as it would greatly influence your decision-making process.

The salary one can earn in this industry as an average earner is $63,000, and top earners can earn up to $100,000 annually.

2. Financial Analyst

As a financial analyst, your role for both the borrower and lender cannot be overemphasized. Your job entails analyzing the financial strength of the companies or individuals involved, noting the relative capabilities of handling the facility.

You would be required to work with a large amount of data most times, and you would have the ability to reduce numbers to be able to use them accordingly while proffering requisite solutions in tax planning and other financial issues.

Furthermore, you have to have a degree and a good understanding of how to read a balance sheet and financial statements of organizations. This is because you will handle their financial department and advise them on how best to move their business to the next level. You can take up some courses in corporate finance institute to earn a certificate in the field.

Owing to how delicate this job description can be, it is relevant that applicants have a bachelor’s degree or a college degree in the appropriate fields of finance, as well as ample knowledge of mathematics and its application. For this position, the average salary is $81,000.

3. Financial Software Developer

The world has gone tech, and this implies that everything now has to do with the internet and technology to achieve things usually done manually.

In the commercial finance industry, tech plays a lot of critical roles. As such, employers are always looking for software developers, especially in this field, to utilize it for their jobs and sell these products, which could be in high demand.

This is one of the areas that all that is required could be a high school diploma holder, with ample knowledge about the software so developed. A supervisor could be assigned to the software manager here to ensure that the application complies with the industry’s relevant regulations and meets the company’s standards.

Financial software developers are one of the top earners in the industry, with an average salary of over $85,000, and the top earners earn as much as $140,000 per year.

4. Chief Compliance Officer

These high-level executives ensure that companies comply with the regulations stipulated by law or other regulating agencies to which the company answers. The industry has begun to undergo various changes, which come with new rules and regulations which have made the industrial complex.

To be able to wade through these complexities, most companies have begun to hire Chief Compliance Officers who will ensure that the business and other activities of the company are in line with these laws and regulations.

With how advanced the position is, it requires at least a bachelor’s degree or a college degree. However, above this, it requires one with experience in the industry to undertake this job. Persons in this position earn as much as $125,892 as a basic annual salary.

5. Personal Financial Advisor

The position lets you advise clients on specific financial plans or goals, including buying a house, saving for college, paying a loan, etc.

financial advisor

It is one of the world’s jobs projected to grow by a whopping 15% by 2029. Due to its demand, applicants must have a bachelor’s degree in finance or related areas. And, if you wish to pursue a career in this line of work, the salary you could earn on average is $94,850 per year.

6. Hedge Fund Manager

You see it in the movies, where all financially buoyant financial employees are hedge fund managers. Irrespective of how stereotypical this may be, it does not change the fact that hedge fund managers take home one of the most significant salaries in the industry.

They have an in-depth knowledge of the financial world and other hands-on tasks that may be made available to them. It would help if you had a bachelor’s degree in a related economic field to qualify for this position. The average salary is placed at a whopping $145,727 per year.

7. Insurance Advisor

With an average salary of $54,392 per year, an insurance advisor earns a pretty good sum of money annually, not including the bonuses to which they may be entitled. While their jobs may involve making recommendations on your insurance policies, it is not much of a difficult job.

Also, the job entails that you have to advise clients (individuals or companies) who have subscribed to various insurance policies on the process to follow to file for indemnity or claim.

The job requires a bachelor’s degree, but if you have ample experience in the insurance world, you have a good step to getting the job.

8. Senior Accountant

They are the head of the unit of accountants in a firm. They see to the day-to-day accounting procedures in a company, and they oversee the expenditure of the company’s accounts, prepare the company’s budget based on its income, and ensure that the company’s accounting objectives are met.

To be able to fill in this position, you would need a bachelor’s degree in accounting, as well as being a certified member of an accounting body depending on the country or region.

Good knowledge of mathematics is a plus, and you could earn as much of an average salary of $73,547 per year as a senior accountant.

9. Private Equity Associate

The job description allows you to assist investors in acquiring equity in various assets, which you then apply as investments to boost the investor’s portfolio.

Not just anyone gets employed in this position, as you need a bachelor’s degree and enough experience managing various clients’ portfolios.

You earn as much as $145,000 per year on average. However, after years of experience, they can make up to $1 million annually.

10. Investment Banker

They can, on average, earn as much as $106,000 per year. Their salaries range between $60,000 to $200,000 and more. Investment banker helps companies, banks, and individuals raise money for their businesses, and in some cases, they also give investment advice to their customers.

So it would be best if you were well vast in business administration, and getting an MBA from a good university is a good one that will help you in this field.

The downside of this job is that, as entry-level personnel, you might have to work at least 80 hours per week.


Thank you for reviewing this article on the best-paying jobs in finance commercial services. We hope we have been able to solve your questions relating to jobs around finance and commercial services.

For further information or inquiries, kindly drop your thoughts on this article in the comment section below, and we will get back to you as soon as practicable.

About Abayomi

Abayomi is an education student and a certified content and prolific writer in Nigeria who is concerned with serving scholars across all nations with in-depth research and quality content.

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