Most jobs paying $100,000 or more are now fully in-person, new analysis indicates

Partner Insights from

By Amanda Kavanagh

In more bad news for hybrid and remote working fans, new data reveals that if you want a job paying over $100,000, you'll probably need to forgo flexibility.

According to new analysis, in the first quarter of 2024, the number of $100K+ jobs listed as hybrid fell 40% from the last quarter of 2023.

"The good news is that there are more high-paying jobs overall. However, that salary comes with a trade off. Jobs with higher pay have higher expectations that you'll show up in person," said John Mullinix, who led the research team for this analysis.

3 high-paying remote roles in finance

●     FP&A Manager - Corporate, DigitalOcean ($135,000 - $150,000)

●     Client Accounting Manager - Team Lead, Bookkeeper360 ($85,000 - $110,000)

●     Private Equity Fund Accounting Manager, Atlas Search ($120,000 - $150,000)

Remote jobs aren't looking so hot either, these fell 33% during the same period. Just 9% of all high-paying jobs were available fully remote.

"It's interesting to see that the freefall continues. While many jobseekers are hoping this trend levels out, we aren't seeing that yet," continued Mullinix.

These figures are based on analysis of over half a million job postings, and also examined the best-paid career fields, and the companies with the most high-paying jobs available. Juicy information, indeed.

Where to nab the best-pay
The median wage for careers in finance is $76,850, which is 66% more than the median salary for all occupations in the country ($46,310), according to the U.S. Bureau of Labour Statistics (BLS), but of course, this is lower than $100K.

In the analysis cited above, healthcare continued to be the most lucrative industry for high-paying roles.

And despite legal and accounting related jobs gaining a 30% share of total jobs, and finance and insurance accounting for 3%, no finance-specific job titles landed in the top ten list of best-paying titles – unless you count project managers, software engineers or general/product/program managers within the industry.

So where should you look?

Handily, the report did list a number of companies offering the highest-paying jobs, and the top twenty include Walmart, Microsoft, Booz Allen, Northrop Grumman and Oracle, so if you're seeking a new well-paid role, these are good places to start.

Where to upskill
Of course, there are always skills that are more in demand than others, and jobs that include these pay better.

According to another 2024 report, AI is the number one high-demand, high income skill to learn, followed by cloud computing, data science, machine learning, blockchain technology, and cybersecurity.

This doesn't mean you have to do a career 180 and become a coder, but do look at high-paying finance and banking job specs, and note the skills listed.

If you can show your proficiency with cloud computing programs or Generative AI tools, this can be a help. While blockchain, cybersecurity and machine learning organizations are performing well and hiring into multiple departments, including finance.

Jobs site Indeed has a tool for browsing the top-paying jobs by industry, and under Finance & Accounting, it lists Controller (average salary of $111,029 a year) and Loan Officer (average salary of $182,231) as two currently well-compensated positions.

To become a Controller, obtaining a degree in accounting or finance is a prerequisite, while an MBA or graduate degree, as well as CPA certifications, would be advantageous.

Getting relevant experience as a senior accountant or government auditor is the next stage. After that, you could advance to the post of assistant controller and eventually become a controller. This process can take anything from 12 to 20 years.

Working as a Loan Officer starts with at least a high-school diploma and gaining on-the-ground experience, though a Bachelor's degree in finance, business or economics would be required for more advanced positions.

You must then get licensed as a mortgage loan originator (MLO) in your state, and though getting certified through Mortgage Bankers Association (MBA) and American Bankers Association (ABA) isn't required for most jobs, it would be an added enticement for employers if you had it.

Ready to find your next fulfilling and well-compensated challenge? Visit the American Banker Job Board today

For reprint and licensing requests for this article, click here.
Partner insights by Amply
MORE FROM AMERICAN BANKER