Updated: Thursday, July 30th, 2009

For those who have been wondering about business careers in the current economic climate, a new report showing a strong salary trends in the financial sector will be welcome news.

The industry salary survey 2008-2009, published by the Financial Information Services Division of the Software & Information Industry Association in conjunction with Lakefront Data Ventures, focuses on the financial information services sector.

"This type of data is particularly critical now as the financial information services arena continues to evolve," says Dale Richards, CEO of Lakefront Data Ventures.

According the study, base salaries for business analysts averaged $113,979 a year in the period, with maximum values reaching as much as $398,551. For senior management (CDO, CIO, SVP) the corresponding figures were $196,988 and $196,988.

Meanwhile, the breakdown by industry suggests that a typical salary for a manager (VP, director, manager) in the hedge fund sector in 2008-2009 was $225,543, with top salaries reaching $326,087.

Business analysts in retail banks made on average $75,000, while their counterparts in investment banks earned as much as $125,000, on average.

In view of such high earnings figures, some people may consider enrolling in an accredited MBA program or pursuing an online degree in finance or business to boost their skills.

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