High-Paying Banking And Finance Industries for Entry Levels 2019


High-Paying Banking And Finance Industries for Entry Levels In Indonesia, 2019

Here are some high paying salary banking and finance industries for fresh graduates to fulfill your financial dreams.

The mind of most fresh-graduates is probably getting their dream job. Who doesn’t want to get a high-paying job after getting a degree?

You probably have long-term goals to buy a house, an apartment, or pay off your student loans out of your salary.

So, you probably wondering how to have a high-paying job after graduate when you lack of experience and skill for the market place.

Perhaps you also don’t feel confident with your degree because you think that the companies might not interest in you, but have you ever considered to work in banking or financial service company?

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These companies may be the answer you are looking for. Now, if you search for a well-paid job, then you should make banking and finance industries as your options.

The first reason is they are the fastest-growing industries compare to others. In Indonesia, there are 120 commercial banks and 4 of them are state-owned.

Financial and investment firms also have significantly increased in number along with personal business growth. What does this mean to you?

It means that you’ll have plenty of chances to land a job in one of the lucrative sectors in the world and national level once you graduate.

Then you probably asking this question, “Really? I don’t even have any degree related with finance or banking.” Or “I am not a top university graduate.”

Here, let me tell you the second reason; you can apply for a position in this field even if you don’t have any degree at all in finance.

Some positions in a bank don’t require a business or finance degree. Their prefer more someone who are good in communication and management, like customer service or a teller in a bank.

With 34 provinces in Indonesia, there must be at least one vacancy coming out of a company, may it be bank, insurance, investment or multi-finance company.

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Moreover, there are a lot of courses and tests you can take to be qualified for the job. You can use it to back up your effort as well on getting the job.

You even can be self-employed in financial service from the qualification you receive through the test or course.

The third reason why you should consider this field is because you will get a high salary even at the entry-level.

The average salary in Indonesia for an entry position in this sector is around Rp5,000,000 or around US$352.35.

Plenty of position is available for you to develop skill and find your niche in this field. And you’d be able to pursue a prospective career position in the future as you sharpen your skill.

A company usually gives training for candidates before deciding to hire them. In this period of training, some companies even pay the candidates.

Though financial career may not be for you, considering all of its benefits will certainly help you reach your goals.

Now let’s look at some high-paying salary for entry-level of banking and finance sectors in Indonesia.

#1 Financial Consultant or Financial Adviser

A financial consultant or adviser is a person who helps a client to achieve financial goals and make financial plans. He/she gives a consultation in various areas of finance to individual or group.

It includes budgeting, saving, asset management, retirement plan, investment, emergency, and other funds.

In Indonesia, the majority of the financial adviser is 64% of bachelor graduate. Advising individual is the most popular skill in this job.

This profession has relatively a high demand, especially among the millennials. Because they opt to choose financial freedom after graduate.

The rise of awareness to manage money well for the future and having own business are also some factors that influence the high demand for this work.

For those who love working independently or apt for a self-employed job, this occupation is for you.

The tariff for entry-level (with experience 1-3 years) is around Rp128,262 per hour. You can do this job, no matter what your major or degree.

You’ll need to take a test to get a credential that is a certificate that qualifies you as a financial adviser.

[Read: 9 Ways To Manage Money Well For Young Adults]

Access to the test is relatively easy. There are online tests and courses provided by a senior financial adviser or financial company.

Before you jump into this field, it is suggested that you have at least experience in substantial work such as a salesperson or business owner. This helps you to give more comprehensive advice to your clients.

Another positive side of this job is the opportunity to have clients are wider and the salary remains high.

The average salary per year is Rp266,785,602 or around Rp22 million per month. Not counting the average bonuses Rp11,685,209 per year.

#2 Loan Officer

A loan officer is a person who screens and approves an application to borrow funds for mortgages, car notes, and other loans. Bank industries and certain financial firm services usually provide this employment.

The field of study is business and personal financial services or marketing operations.

This profession requires bachelor or master degree from business-related field, but you can still apply for this position if you have a non-business academic background.

You’ll be asked to participate in a training course or certification by some employers.

Are you a high school graduate and an Indonesian? This job is highly accessible to you. According to ERI, the majority of loan officers in Indonesia are 33% coming from high school graduates.

Those who experience financial setbacks that make them couldn’t afford bachelor degree might find this work as the best option to meet their education or other needs.

The most common skill is examining the information from the applicants. Other tasks are assessing, recommending, or approving of customers applications.

That can be lines or extension of lines credit, commercial loans, real estate loans, consumer credit loans or credit card accounts.

For an entry-level (1-3 years experiences) the average salary is Rp13,873,033 a month or Rp166,476,396 a year. While senior-level obtains Rp284,113,454 a year or Rp23,676,121 a month.

#3 Financial Analyst

The financial analysts are those who work in investment companies, insurance companies, consulting firms, or other corporate entities.

Some of the responsibilities of this profession are consolidating and analyzing budgets and projecting income statements.

In business fields, they prepare reports, conduct business studies, and develop forecast models.

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They conduct research about economic conditions, industry trends, and company fundamentals. Besides, they also recommend about investments, reducing costs, and improving financial performance.

Since the task demand special skills and knowledge in economic or business, the degree that’s preferable for this occupation is a bachelor or master degree in finance, accounting, or economics.

The skill required for this field is IT. In Indonesia, the majority of this profession is 64% of bachelor degree.

You’ll earn an average hourly rate Rp157,252 for entry-level. The average salary is Rp233,544,126 per year for entry-level with 1-3 years of experience.

For senior-level with an experience more than 8 years, the average salary is Rp410,808,499 a year.

#4 Investment Banking Analyst

An investment banking analyst is a person who assists individual, organizations or government to raise fund through bonds and stocks.

It is a prestigious profession among the other ones. It helps a company to go public, doing mergers and acquisitions, and reorganizations.

The investment bank, venture capital firm and hedge funds usually hire the entry-level role of an investment bank analyst.

Those in this position will make a deal related material, conduct industry research and financial analyses of corporate performance. They also analyze whether an activity or deal is likely or possible to be done.

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Candidates of this occupation often are required from bachelor degree or master of economics, finance or management.

There are internships related to the investment bank field offered for candidates. You can pursue a prospective career in this job with a well-paid salary.

In Indonesia, the salary for entry-level position with 1-3 years of experience is Rp304,862,865 a year or Rp208,278 for an hourly rate.

For senior-level with more than 8 years of experience, he/she receives an average salary of Rp545,896,464 per year.

#5 Accountant

Accountant profession is commonly found in a business related to taxation.

Their responsibilities cover calculating and estimating payments, doing research, reviewing internal fiscal systems, preparing returns and other tax-related documents, and working with auditors.

The position you can get as an accountant is controller, accounting manager, budget director, treasurer, and chief financial officer.

Education that qualifies for this profession usually a bachelor degree in accounting or possessing the skill of accounting.

For advance level, the employer usually ask for a CPA or Certified Public Accountant license. Some firms give a chance to join the test while you are working as an accountant.

For those who want to seriously develop a career in finance, the accountant profession will help them to get their foot in the door.

In Indonesia, the majority of this occupation is 69% of a bachelor degree. Their average salary for entry-level with 1-3 years of experience is Rp191,471,195 a year.

For those with more than 8 years of experience, the average salary is Rp330,648,693 a year.

#6 Financial Auditor

The financial auditors are those whose duties are the same as an accountant but broader. They are responsible for risk assessment and keeping the company from breaking or violate regulations.

They make sure that the track records of the firm are in line with existing laws and regulations. They check business practices and procedures, find ways to reduce costs as well as increase revenue and profit.

The preferred degree for this position usually a bachelor in economics, accounting, finance or business. You’ll need a CPA that is necessary for this profession.

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CIA or Certified Internal Auditor is another qualification in the international level that is important also for a career path in this position.

The majority of this job in Indonesia is 80% of bachelor degree. The salary average for entry-level with 1-3 years of experience is Rp206,159,890.

For senior-level with experience of more than 8 years is Rp359,155,340. While the average hourly rate is Rp137,819.

What To Prepare For Financial Career If You Don’t Have A Financial Degree

You probably think, “How can I be qualified for the position if I have no degree or the qualifications?” There are some ways you can do to have the credentials or license. Let’s take a look.

#1 Get Familiar With The Financial Terms

When you face an interview, the interviewer would examine your knowledge in finance.

Therefore, you need to equip yourself with financial terms. You may want to look up some finance terms related to the job you apply for.

Some sites provide financial terms you can easily access such as Investopedia. Read the economic and financial newspapers and articles such as Finansialku.com.

The business dictionary is available online for you to download. By studying them regularly, you will get used to difficult terms that sound unfamiliar to you at first.

#2 Take Online Courses

If you have no degree in business or finance, you could take online courses at graduate or post-graduate level.

Be sure that you know the requirements including the fee and the certificate. There are some free courses online website that requires you to pay the certificate only.

For the graduate level, degree such as in economics, business, accounting or finance will be a great help for you to step into the banking and finance industry.

For the post-graduate level, the degree preferred is master of business administration (MBA). You’ll learn theory and practical training of business and investment management in this degree.

But if you feel that the degree is too challenging for you, there are other options such as taking a test for CFA or Chartered Financial Analyst.

This test consists of 3 exams that test you about financial theory and practical knowledge.

#3 Join Seminar or Crash Course

Some finance firms usually give free seminars on investment and trading for their clients. You can enroll to this event to broaden your knowledge in essential subjects of banking and finance.

A brokerage firm, for instance, gives a regular seminar for its clients to help them making a profit in the transaction.

You can try an online course offered by Finansialku. Go directly to Google Play Store and download Finansialku app. You will get 30 days free access of all features for the first month.

Why you need to take an online course through Finansialku app is that you will not only get an online course, but you also can monitor your investment, check your financial health, learn to outline a budget, expenses, and financial plan.

There is a Live Chat with the financial planner of Finansialku as well. These features are designed to assist you in improving the financial skills that you need.

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Find out any information about short courses or other events about the finance or banking related field.

Finansialku regularly holds events and gives seminars around the topics related to financial management. You can look for the update of the events and seminars here.

#4 Create A Financial Blog

Express your idea and knowledge about finance in a blog. You can share your skills and getting feedback from the community in your blog.

By creating a blog, you will upgrade and sharpen your knowledge and skill in finance.

You also can contribute your finance article to a local newspaper or becoming a content writer in the field of your focus-interest.

In this way, you are not only get paid but you also can publish your ideas that other people need.

#5 Having A Mentor

You’ll need a person whom you ask for advice, correction, and solution. A mentor in finance or banking usually a person who at least ever had experience in the field for several years.

He/she could give you insights and practical steps to improve skills in the field.

He/she can tell you how to tackle issues that usually occur when you take a certain position in finance or banking that he/she ever experienced. For example, how to overcome burnout as an accountant.

#6 Get Off On The Right Foot

The first job you’ll choose after graduate is matter if you want to focus on building a career in the finance and banking field.

It is important because, once you get off on the right foot in terms of your occupation, you would have the chance to find your niche in the area that becomes your specialty or expertise.

There is plenty of room where you can improve and develop your knowledge and skills once you enter into a position, such as accounting, financial analyst or loan officer.

You can be a chief finance officer or treasurer or asset manager from the position of an accountant.


Banking and finance career in Indonesia is vast industries that absorb many employees.

With this opportunity and the high-paying salary, every graduate can enroll for the entry-level positions. Even if he/she has no degree in finance and banking.

There are several ways to help you prepare for a financial career when you don’t have any degree in finance or banking.

They are accessible and some are free. By practicing those ways, hopefully, you could land your dream job in the field.

Hopefully after reading this article, you’d be more confident to take the first step into your financial career.

And please share it with those around you to help them plan and prepare their finance career better.


    Admin. Banking and Finance Careers: Information and Requirements. Study.com. https://bit.ly/2n0KJEl.

    Troy Segal. June 25th, 2019. Best Entry Level Finance Jobs For 2019. Investopedia.com. https://bit.ly/2Fdx28V.

    Admin. Global Salary and Cost of Living Data. Salaryexpert.com. https://bit.ly/2lAZJZ0.

    Admin. September 20th, 2019. List of banks in Indonesia. Wikipedia.com. https://bit.ly/2lzrAZS.

    Troy Segal. May 31st, 2019. 10 Ways To A Finance Career Without A Degree. Investopedia.com. https://bit.ly/2ZdFnHW.

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