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Financial Examiners
Financial Examiners enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.
Table of Contents
Job description
Financial Examiners enforce or ensure compliance with laws and regulations governing financial and securities institutions and financial and real estate transactions. May examine, verify, or authenticate records.
- Investigate activities of institutions to enforce laws and regulations and to ensure legality of transactions and operations or financial solvency.
- Prepare reports, exhibits and other supporting schedules that detail an institution’s safety and soundness, compliance with laws and regulations, and recommended solutions to questionable financial conditions.
- Recommend actions to ensure compliance with laws and regulations, or to protect solvency of institutions.
- Resolve problems concerning the overall financial integrity of banking institutions including loan investment portfolios, capital, earnings, and specific or large troubled accounts.
Salary
Financial Examiners with little to no experience tend to make between $42150 and $57910 while the more experienced ones can earn over $111080 per year.
| Top 5 paying states | Hourly | Annual |
|---|---|---|
| DC | $76 | $157,860 |
| NY | $56 | $115,980 |
| NJ | $52 | $109,100 |
| CA | $52 | $108,740 |
| CT | $52 | $108,520 |
One of the easiest ways to increase your salary as a Financial Examiner is to move to a higher paying state like DC. Right now, the highest paying states for Financial Examiners are DC, NY, NJ, CA and CT.
However, a higher pay at DC doesn’t guarantee that you will make more because the living expenses at DC might be twice as high than where you are currently at now.
Three other factors that can increase your salary as a Financial Examiner is the degree you hold, the industry you work in, and lastly the company you work for.
Requirements
We asked other Financial Examiners what degree they had when they got the job and most of them said they had a Bachelor’s Degree followed by a Master’s Degree.
Other than that, we also asked them what did they major in and here are the most popular majors that came up.
| Financial Forensics and Fraud Investigation |
| Suspension and Debarment Investigation |
| Accounting |
| Auditing |
| Taxation |
Pros and Cons
Here are some of the pros and cons of being a Financial Examiner.
| PROS |
|---|
| Suitable for people who likes to start and carry out projects |
| Suitable for people who wants independence and likes to work on their own and make decisions |
| This career is perfect for people who love to work indoors. |
| Very high salary (top 25% highest paid careers) |
| CONS |
|---|
| Not suitable for people who likes to work with designs |
| It is hard to get into this career. A considerable amount of work-related skill, knowledge, or experience is required for this career. |
| Long working hours (More than 40 hours per week) |
What is the job like
74% of Financial Examiners said they were satisfied with their job and 52% said they feel like their job is making other people’s lives better.
Is this right for me
You can read more about these career personality types here.
People who are suitable for this job tends to like starting up and carrying out projects. They like leading people and making many decisions. Sometimes they require risk taking and often deal with business..
They also like following set procedures and routines. They like working with data and details more than with ideas.
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Related career information
Financial Examiners job description, Financial Examiners salary, Financial Examiners information, what is the job of a Financial Examiner like, pros and cons about Financial Examiners, colleges and universities for Financial Examiners, is Financial Examiners the right career for me, careers in Business and Finance
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