Getting involved with the stock market and investing is an exciting yet nerve-wracking opportunity for those who are just dipping their toes in the water. If you have what it takes, you can ascend to the top of Wall Street and end up earning one of the biggest incomes in the world.
Wall Street is an all-encompassing entity that covers thousands of different job titles. Some of them have bigger benefits than others. Here are the top 5 highest-paying jobs on Wall Street right now.
1. Hedge Fund Trading
It takes years to become a professional hedge fund trader, but once you’ve built up some Wall Street clout and a lot of trust with big-shot clients, you can look at a yearly income of millions. The lower-level hedge fund traders can see between $1-2 million, while higher-end pros can make up to $20 million per year.
2. Proprietary Trading
If you enjoy trading and have an MBA, proprietary trading is an excellent prospect. Professionals make a few million dollars per year. This type of trading can be used in a number of situations, although proprietary trading is no longer allowed in inside banking companies as per the Dodd-Frank Bill.
3. Research Managers
If you love hedge funds but don’t necessarily want to be a trader, there’s a lot of money in being a research manager. Successful financial research equals huge monetary benefits for everyone, so you’ll surely be rewarded for your good work.
Currently, research managers make anywhere from $2-20 million per year just for providing ample research to trading companies. The most valuable research? New investment opportunities!
A CTO, or Chief Technology Officer, is responsible for bringing the best and most state-of-the-art technology to the table in order to take advantage of the most beneficial trading opportunities. If you have a specialization in IT training and finance, this is the perfect job for you. A CTO is regarded just as highly as a CEO, as your inherent depth of knowledge of the way IT securities and technologies can be applied to financial profit.
CTOs make several million dollars per year. To learn how to nail the interviews for these jobs in your first attempt, check out sam shiah youtube channel. He regularly posts testimonials of clients that have gotten high-level jobs on wall street.
5. Private Equity Partner
If you’re lucky enough to join a private equity firm, you will be financially set for life. This is one of the big dogs, but if you’ve got the qualifications and the skills, you can be making up to $5 million per year as a private partner. And the more successful equity funds you can bring to the company, the more you and everyone else gets paid.
In essence, the salary range can actually vary for this job. While $5 million is the average yearly income for the private equity partner, this job position has virtually untapped potential.
Wall Street is What You Make of It!
These high-paying jobs in the millions of dollars make you want to strive harder to meet your goals. It isn’t often that a million-dollar job offer lands in front of you, so if you have the opportunity to land in any of the above positions, take advantage of it. With hard work and an understanding of financial patterns and behaviors, you can make it to the top of Wall Street.