Finance professionals can earn high salaries, especially in specialized fields such as investment banking, private equity, and hedge funds. In the United States, the median annual wage for financial managers was $131,710 in May 2020, according to the U.S. Bureau of Labor Statistics (BLS). The top 10% of earners in this field made over $208,000.
Economics:
Economists also have the potential to earn high salaries, particularly in academia, consulting, and government. In the United States, the median annual wage for economists was $105,630 in May 2020, according to the BLS. The top 10% of earners in this field made over $187,200.
In general, the earning potential in both finance and economics depends on factors such as education, experience, industry, location, and specific job role. Both fields offer opportunities for high salaries, but the exact compensation can vary widely based on individual circumstances and career paths.