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Military Financial Managers

Military Career

General Information

Description

Financial managers direct and coordinate financial management functions and serve as advisors to leadership in all matters pertaining to programming/budgeting, finance and accounting, and cost analysis. They perform managerial operations, including the establishment of performance standards and priorities for personnel, and security requirements for safeguarding assets. They are responsible for the management of financial operations and for providing advice on the effective use and redistribution of resources within fund limitations.

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Work Environment

Financial managers work primarily in offices.

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Comparable Industries

  • Finance

Related Military Careers

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Military Outlook

Service Branches

Jobs in this career field may be available in other service branches. Call or email a particular branch for more info.

Military Status

  • Officer
    • Managerial/professional
    • College degree required

Military Workforce

Financial Managers in the Military

4,452

No Information for this section

Salary

Average Salary

$102,055

What makes up a military salary?

Military salaries include a lot more than just base pay.

They also offer:

  • Housing allowances
  • Subsistence allowances
  • Special and incentive pays
  • Cost-of-living allowances
  • Hazardous-duty pay
  • Bonuses

Learn more about what goes into a salary with the compensation estimator

Learn more about military insurance and retirement benefits

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Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 56%
  • Post baccalaureate 21%
  • High school 14%
  • Some college 4%
  • Associate's degree 3%
  • Master's degree 0%
  • Doctoral degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%
  • Post-secondary certificate 0%

Military training

Officers typically enter the Military after they have completed a four-year college degree; enlisted service members can transition to officer positions through a variety of pathways and earn a degree while serving. Financial managers may have an education in accounting, finance, or a related field. Job training for financial managers consists of classroom and on-the-job learning in various training environments. Like other officers, they complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development. Job-specific training content may include: Financial management techniques, including budget preparation and reviewMilitary finance and resource managementGovernment accounting and budgeting systemsPersonnel management and evaluationAccounting and auditing Effective allocation of scarce resources

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Military training

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Officers typically enter the Military after they have completed a four-year college degree; enlisted service members can transition to officer positions through a variety of pathways and earn a degree while serving. Financial managers may have an education in accounting, finance, or a related field. Job training for financial managers consists of classroom and on-the-job learning in various training environments. Like other officers, they complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development. Job-specific training content may include:

  • Financial management techniques, including budget preparation and review
  • Military finance and resource management
  • Government accounting and budgeting systems
  • Personnel management and evaluation
  • Accounting and auditing
  • Effective allocation of scarce resources

Knowledge

  • Economics and Accounting
  • Administration and Management
  • Customer and Personal Service
  • Administrative
  • Education and Training

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
No Information for this section

Data supplied by Bureau of Labor Statistics, National Center of Education Statistics, Defense Manpower Data Center (View our update schedule). Contact any business, college or military service branch to answer additional questions.