Financial Managers

General Information

Description

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

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Business Breakdown

People in this career work in these sectors.

  1. Private, for profit81.98%
  2. Private, not for profit6.68%
  3. State and local government4.59%
  4. Self-employed4.12%
  5. Federal government2.44%

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

Industry areas

  • Finance

Job Outlook

Employment of financial managers is projected to grow 17 percent from 2021 to 2031, much faster than the average for all occupations. About 71,300 openings for financial managers are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

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Related Military Careers

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Salary

Average Salary

Salary

$131,710

Military salary*

$102,055

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State-by-state Salary

Gray states indicate no data available

$205,800
$74,360
No Information for this section

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%

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
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