CFChooseField
Management

Financial Managers

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

Visual summary of pay, outlook, skills, interests, and preparation for Financial Managers
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Median pay

$161,700
Median annual pay for Financial Managers.
U.S. Bureau of Labor Statistics · 2024
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10-year growth

14.8%
Projected employment growth from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Annual openings

74,600
Projected annual openings, including growth and replacement demand.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Employment

868,600
Estimated U.S. employment for Financial Managers in 2024.
U.S. Bureau of Labor Statistics · 2024
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Jobs added or lost

+128,800
Projected numeric employment change from 2024 to 2034.
U.S. Bureau of Labor Statistics · 2024–2034 projections
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Entry preparation

Bachelor's degree
Typical additional preparation: 5 years or more of related work experience.
U.S. Bureau of Labor Statistics · 2024 profile
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O*NET occupation profile

What the work involves

Strongest O*NET signals first.

Essential skills

  1. 1Active Listening
  2. 2Critical Thinking
  3. 3Reading Comprehension
  4. 4Speaking
  5. 5Monitoring
  6. 6Writing

Knowledge areas

  1. 1Customer and Personal Service
  2. 2Administration and Management
  3. 3Economics and Accounting
  4. 4Mathematics
  5. 5Administrative
  6. 6Law and Government

Abilities

  1. 1Oral Comprehension
  2. 2Oral Expression
  3. 3Written Comprehension
  4. 4Deductive Reasoning
  5. 5Speech Clarity
  6. 6Inductive Reasoning

Career interests

  1. 1Enterprising
  2. 2Conventional
  3. 3Social
  4. 4Investigative
  5. 5Artistic
  6. 6Realistic

Work styles

  1. 1Integrity
  2. 2Attention to Detail
  3. 3Dependability
  4. 4Leadership Orientation
  5. 5Cautiousness
  6. 6Achievement Orientation

Work activities

  1. 1Working with Computers
  2. 2Establishing and Maintaining Interpersonal Relationships
  3. 3Communicating with Supervisors, Peers, or Subordinates
  4. 4Processing Information
  5. 5Getting Information
  6. 6Evaluating Information to Determine Compliance with Standards

Work context

  1. 1E-Mail
  2. 2Face-to-Face Discussions with Individuals and Within Teams
  3. 3Work With or Contribute to a Work Group or Team
  4. 4Indoors, Environmentally Controlled
  5. 5Importance of Being Exact or Accurate
  6. 6Telephone Conversations

Representative tasks

  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Oversee the flow of cash or financial instruments.
  • Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
  • Recruit staff members.
  • Evaluate data pertaining to costs to plan budgets.
  • Oversee training programs.
  • Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
  • Communicate with stockholders or other investors to provide information or to raise capital.

Software and tools

Microsoft Excel · in demandMicrosoft Outlook · in demandMicrosoft PowerPoint · in demandSAP software · in demandMicrosoft Office software · in demandMicrosoft Project · hot technologyMicrosoft SharePoint · hot technologyWorkday software · hot technologyMicrosoft Visio · hot technologyMicrosoft Visual Basic · hot technologyMicrosoft Visual Basic for Applications VBA · hot technologyMicrosoft Windows · hot technology

Sources

BLS provides national pay, employment, and projections. O*NET provides skills, interests, preparation, tasks, work context, and tools.

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