What Pays More: Tech or Finance?
When it comes to choosing a career, one of the most important factors that people consider is earning potential. Tech and finance are two of the most popular industries for high-paying jobs, but which one pays more? In this article, we will take a deeper look at the earning potential for these careers and try to answer the question: What pays more: Tech or Finance?
Comparing Tech and Finance Salaries:
| Industry | Average Salary | Top Companies | Top Performers |
|---|---|---|---|
| Tech | $112,000 | Google, Apple, Amazon | $200,000+ |
| Finance | $85,000 | JPMorgan Chase, Goldman Sachs, Morgan Stanley | $150,000+ |
FAQ:
1. Do top performers earn more in tech or finance?
You can earn more total compensation in tech if you are a top performer at a top company, and the stock price is doing good. However, finance tends to pay more in general for top performers. According to a study by Paysa, the top-paying finance roles earn an average of $8,100 more per year than the top-paying tech roles.
2. What are the top-paying jobs in tech and finance?
In tech, some of the highest-paying jobs include software engineering manager, data warehouse architect, and software development manager. In finance, investment banking managing director, VP of finance, and director of risk management are some of the top-paying roles.
3. How do salaries in tech and finance vary by location?
Both industries tend to pay higher salaries in major tech and finance hubs, such as Silicon Valley and New York City. However, there are also other areas with high-paying jobs, such as Austin, Texas for tech and Charlotte, North Carolina for finance.
Conclusion:
While both tech and finance offer high-paying job opportunities, finance tends to pay more overall, especially for those in top-performing roles. However, if you are a top performer at a top tech company and the stock price is doing good, you have the potential to earn more total compensation than a finance professional. Ultimately, the decision of which industry to pursue depends on your skills, interests, and goals.
References:
- Paysa Blog: What’s the Difference In Salary Between A Tech Company And A Financial Services Company?
- Business Insider: The 15 highest-paying tech jobs in America right now
- Investopedia: The 6 Highest-Paying Financial Jobs