The areas of accounting and finance offer some of the best-paying jobs in Houston’s employment market. Not only that, but both are in-demand fields, offering seasoned professional and entry-level opportunities worth pursuing.
In fact, according to the U.S. Bureau of Labor Statistics, the median salary for financial managers was $127,990, with employment expected to rise between 2016 and 2026 by 19%. Likewise, the employment of accountants and auditors is projected to grow by 6% from 2018 to 2028.
While the level of responsibility for these types of jobs is often high, so is the compensation. Here’s a look at just a few of those top-paying positions for 2020 in accounting and finance:
Chief Financial Officer
$86,000 – $286,000
A chief financial officer, or CFO, oversees managing all financial activities and actions of an organization. It’s their job to track the flow of money, both in and out of the company, as well as analyze the organization’s financial strengths and weaknesses and take action to save money and build profits. They often work alongside the company’s Chief Operating Officer when it comes to areas like budgeting and developing financial forecasts. CFOs start their careers in several areas, from working as CPAs to holding positions as a controller or in a treasury function.
$81,000 – $183,000
These are financial specialists that help clients, from public and private entities to nonprofit organizations, raise capital through debt and financing. The typical hierarchy for this type of position involves analysts at the entry-level point, then moving up to managing director and then executive management.
$78,000 – $155,000
A controller is usually the CFO’s right-hand person, often just a step below them in the company’s structure. They have a broad range of different tasks and duties assigned to them, including working to create budgets, drafting financial statements and supervising payroll. They’re also often responsible for ensuring a company is compliant with pertinent finance and tax laws.
Credit Risk Manager
$67,000 – $134,000
It’s the job of a credit risk manager to create and institute rules, processes and procedures for reducing the credit risk that financial institutions take. To do this, they build out models that enable them to predict risk, and then put safeguards in place to avoid exposure as much as possible. Most credit risk managers start out as junior analysts then move up into senior-level positions.
There is a wide range of high-paying jobs in Houston’s accounting and finance fields, such as tax director, accounting director, tax accountant, and financial analyst. If you’re interested in professional help accessing them, turn to the team at Murray Resources.