Wealth Management Accountants
Wealth management firms oversee the financial affairs of high-net-worth individuals—typically defined as those who have liquid assets of more than $1 million (not including the value of one’s primary residence). The most prestigious private banks and wealth management firms, such as those attached to major investment companies like Citigroup or Goldman Sachs, have much higher minimums, more than $5 million in some cases. Accountants oversee and manage the financial records and operations of their employers. Those in the wealth manag...
Minimum Education Level
Salaries for accountants vary based on their job title, level of experience, and geographic region; size and type of employer; and other factors. The staffing firm Robert Half reports the following salary ranges for general accountants at large corporations in 2019 by level of experience:
- manager: $79,000 to $147,000
- senior level: $66,000 to $120,750
- one to three ...
Most accountants and auditors in the wealth management industry enjoy a good work/life balance (i.e., a 9 to 5 schedule, little work on weekends, flexible hours, and telecommuting options). The majority of accountants find their careers rewarding.
Job opportunities for accountants and auditors who work with funds, trusts, and other financial vehicles will grow as fast as the average for all careers through 2029, according to the U.S. Department of Labor. It reports that “globalization, a growing overall economy, and an increasingly complex tax and regulatory environment are expected to lead to strong demand for accountants and auditors.”...