Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Financial Managers
SOC: 11-3031 O*NET: 11-3031.00
Median Salary
$161,700
per year
Job Growth
🚀 14.8%
Much Faster (2024-2034)
Annual Openings
74.6
projected jobs/year
Education Level
Bachelor's degree or higher
Job Zone 4
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
What does a Financial Managers do?
How much can you earn?
Entry Level
$86,490
10th percentile
Early Career
$118,360
25th percentile
Median
$161,700
50th percentile
Experienced
$214,210
75th percentile
Top Earners
$0
90th percentile
National Salary Distribution
10th
$86,490
25th
$118,360
Middle 50%
MEDIAN
$161,700
Mean: $180,470
75th
$214,210
90th
$0
Middle 50% of earners
Median salary
Mean (average)
Key Insights
- •Salary range spans -$86,490 from entry level to top earners
- •Middle 50% earn between $118,360 and $214,210
- •Salary spread is 59.3% around the median, showing high variation
- •Total national employment: 818,620 professionals
What's the job outlook?
Job Market Intelligence
High Demand
Market demand
Medium Risk
Automation risk
Current Employment
National Employment:868,600
Top Industries
Finance and Insurance31.2%
Credit Intermediation and Related Activities16.3%
Professional, Scientific, and Technical Services14.1%
10-Year Outlook
Growth Rate:+14.8%
Annual Openings:74,600
Employment Projections
2024 (Current)868,600
Current
2034 (Projected)997,400
+14.8%
+128,800
Employment Change
+14.8%
Growth Rate
10
Year Projection
Growth Category: Faster than average
Geographic Salary & Employment Data
Explore where Financial Managers professionals work across the United States
Showing 15 of 50 locations
California
96,860 jobs$174,9201.01x
Texas
67,580 jobs$160,3500.92x
New York
67,510 jobs$215,7401.33x
Illinois
53,400 jobs$159,9901.66x
Florida
47,710 jobs$143,1000.92x
New Jersey
32,370 jobs$188,7501.43x
Pennsylvania
31,750 jobs$137,9600.99x
Ohio
27,920 jobs$133,4500.95x
Massachusetts
27,690 jobs$181,1701.43x
Georgia
22,720 jobs$163,4500.88x
North Carolina
21,170 jobs$160,3400.81x
Virginia
20,590 jobs$170,2900.95x
Connecticut
20,200 jobs$169,7302.26x
Maryland
19,920 jobs$157,3501.37x
Michigan
19,690 jobs$135,2900.84x
Understanding the Data
Location Quotient (LQ):
- • LQ > 1.0: More jobs than national average
- • LQ = 1.0: Same as national average
- • LQ < 1.0: Fewer jobs than national average
Data Source:
Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS), May 2024
Key Growth Factors
- •Faster than average growth expected
- •High current market demand
What skills do you need?
Top 10 Most Important Skills
#1
Complex Problem Solving
100%
#2
Critical Thinking
94%
#3
Judgment and Decision Making
86%
#4
Reading Comprehension
80%
#5
Speaking
74%
#6
Management of Financial Resources
66%
#7
Active Listening
60%
#8
Monitoring
54%
#9
Mathematics
46%
#10
Systems Evaluation
40%
Skills Overview
Complex Problem Solving
advanced5.0
100%
Critical Thinking
advanced4.7
94%
Judgment and Decision Making
intermediate4.3
86%
Reading Comprehension
basic4.0
80%
Speaking
intermediate3.7
74%
Management of Financial Resources
intermediate3.3
66%
Active Listening
intermediate3.0
60%
Monitoring
basic2.7
54%
Skills are rated on a scale of 0-5, with 5 being the most important. The complexity level indicates how advanced the skill typically needs to be.
Filter:
Sort by:
Complex Problem Solving
advancedImportance100%
abilities
5.0/5.0
Critical Thinking
advancedImportance94%
abilities
4.7/5.0
Judgment and Decision Making
intermediateImportance86%
abilities
4.3/5.0
Reading Comprehension
basicImportance80%
abilities
4.0/5.0
Speaking
intermediateImportance74%
skills
3.7/5.0
Management of Financial Resources
intermediateImportance66%
skills
3.3/5.0
Active Listening
intermediateImportance60%
skills
3.0/5.0
Monitoring
basicImportance54%
skills
2.7/5.0
Mathematics
basicImportance46%
skills
2.3/5.0
Systems Evaluation
basicImportance40%
skills
2.0/5.0
Highly Transferable Skills
These skills are valuable across multiple career paths, making career transitions easier:
Mining and Geological Engineers, Including Mining Safety Engineers82%
5 shared skills
Accountants and Auditors67%
5 shared skills
Actuaries67%
5 shared skills
Agricultural Engineers67%
5 shared skills
Precision Agriculture Technicians67%
5 shared skills
Web Administrators67%
5 shared skills
Skills by Career Stage
Entry Level
Learn on the Job:
- →Management of Financial Resources
- →Active Listening
- →Monitoring
Mid Career
Expected:
- ✓Complex Problem Solving
- ✓Critical Thinking
- ✓Judgment and Decision Making
- ✓Reading Comprehension
Senior Level
Mastery Required:
- ★Complex Problem Solving
- ★Critical Thinking
- ★Judgment and Decision Making
- ★Reading Comprehension
- ★Speaking
Skill Development Tips
- •Focus on developing the top 5 skills first - they have the highest impact on career success
- •Transferable skills open doors to related careers and provide flexibility
- •Balance technical skills with soft skills for well-rounded professional development
- •Entry-level positions prioritize foundational skills that can be built upon over time
What technology will you use?
Technology & Digital Skills
Essential technology proficiencies for Financial Managers
Technology Intensity
Very High
Digital Literacy Requirements
This career requires expert digital literacy
1
Basic
2
Intermediate
3
Advanced
4
Expert
Key Digital Competencies:
Advanced software proficiencySystem architecture understandingAutomation and scriptingEmerging technology adaptationTechnical problem-solving
🔥
Hot Technologies in Demand
These technologies are currently trending and highly sought after in this field
Intuit QuickBooks
🔥 Hot TechIBM SPSS Statistics
🔥 Hot TechSAS
🔥 Hot TechAlteryx software
🔥 Hot TechTableau
🔥 Hot TechSalesforce software
🔥 Hot TechTeradata Database
🔥 Hot TechMicrosoft Access
🔥 Hot TechMicrosoft SQL Server
🔥 Hot TechOracle Database
🔥 Hot TechStructured query language SQL
🔥 Hot TechYardi software
🔥 Hot TechTechnology Stack
Technology Stack Overview
Key technologies used in this career
Intuit QuickBooks
IBM SPSS Statistics
SAS
Alteryx software
Tableau
Salesforce software
Teradata Database
Microsoft Access
Microsoft SQL Server
Oracle Database
Structured query language SQL
Yardi software
📚 Technology Learning Resources
Recommended Certifications
- •Vendor-specific software certifications
- •Industry-recognized technology credentials
- •Professional development courses
Online Learning Platforms
- •LinkedIn Learning - Comprehensive technology courses
- •Coursera - University-level programs
- •Udemy - Practical skills training
💡 Technology Skill Development Tips
- •Focus on mastering hot technologies first - they're currently most in-demand
- •Build a portfolio demonstrating your proficiency with key tools and software
- •Stay current through continuous learning - technology evolves rapidly
- •Consider vendor certifications to validate your skills to employers
What's the work environment like?
🏢
Location
MOSTLY INDOOR
💪
Physical Demand
MODERATE
👥
Team Orientation
CONSTANT TEAM
🤝
Customer Interaction
FREQUENT
💡Is This Work Environment Right for You?
Consider these factors when evaluating if you'll thrive in this work environment:
- •Are you comfortable working in mostly indoor environments?
- •Can you meet moderate physical demands?
- •Do you enjoy constant team team environments?
- •Are you comfortable working with safety protocols and protective equipment?
What are the key tasks?
Tasks & Responsibilities
17
Core Tasks
8
Daily Tasks
20
Work Activities
0
Emerging Tasks
Filter:
Sort by:
Documentation & Record-Keeping (2)Planning & Development (3)General Responsibilities (4)Management & Supervision (2)Training & Development (1)Analysis & Evaluation (3)Communication & Coordination (2)
1
Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
🔴Daily
Importance:
Documentation & Record-Keeping100% perform100%
2
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.
🔴Daily
Importance:
Planning & Development97% perform98%
3
Recruit staff members.
🔴Daily
Importance:
General Responsibilities94% perform96%
4
Prepare operational or risk reports for management analysis.
🔴Daily
Importance:
Management & Supervision91% perform94%
5
Evaluate data pertaining to costs to plan budgets.
🔴Daily
Importance:
Planning & Development88% perform92%
6
Oversee training programs.
🔴Daily
Importance:
Training & Development85% perform90%
7
Examine, evaluate, or process loan applications.
🔴Daily
Importance:
Analysis & Evaluation82% perform88%
8
Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
🔴Daily
Importance:
Communication & Coordination79% perform86%
9
Oversee the flow of cash or financial instruments.
🟡Weekly
Importance:
General Responsibilities76% perform84%
10
Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
🟡Weekly
Importance:
Management & Supervision73% perform82%
💡 Key Takeaways
- •Daily tasks focus primarily on documentation & record-keeping activities
- •41% of tasks are performed by most workers in this occupation
- •Career advancement brings increased leadership and strategic responsibilities
What career paths are available?
Career Pathways
0
Advancement Opportunities
0
Lateral Move Options
0%
Avg. Salary Increase
Advancement Opportunities
Typical career progression paths from Financial Managers
💡 Career Planning Tips
- •Most successful advancement happens after 3-5 years of experience
- •Lateral moves can provide valuable cross-functional experience for future leadership roles
- •Focus on developing skills that are transferable across multiple career paths
- •Consider industry trends when planning long-term career moves
Is this career right for you?
Personality & Values Fit
Is This Career Right for You?
Financial Managers professionals typically have a ECS Holland code and highly value working conditions
EEnterprising
CConventional
SSocial
Important Personality Traits
Work styles that contribute to success as a Financial Managers
Attention to Detail
CriticalAttention to Detail
Importance Level4.68
Integrity
CriticalIntegrity
Importance Level4.55
Leadership
Very ImportantLeadership
Importance Level4.47
Cooperation
Very ImportantCooperation
Importance Level4.47
Dependability
Very ImportantDependability
Importance Level4.33
Concern for Others
Very ImportantConcern for Others
Importance Level4.31
Complete Work Styles Profile
Attention to Detail
4.7
Integrity
4.5
Leadership
4.5
Cooperation
4.5
Dependability
4.3
Concern for Others
4.3
Stress Tolerance
4.2
Analytical Thinking
4.2
Adaptability/Flexibility
4.2
Self-Control
4.1
💡 Tips for Career Fit Success
- •While personality fit is important, skills can be developed with practice and training
- •Consider informational interviews to better understand the day-to-day personality requirements
- •Work environments vary by employer - research specific companies for cultural fit
- •Your interests and values may evolve - reassess periodically throughout your career
What education is required?
Education Level
Bachelor's degree or higher
Typical duration: 4 years
Preparation Level
Job Zone 4
Considerable Preparation Needed
Experience Needed
A considerable amount of work-related skill, knowledge, or experience needed
📚 Education Requirement
Required Level:Bachelor's degree or higher
Most of these occupations require a four-year bachelor's degree, but some do not.
Training:
Significant preparation with related work experience
💼 Experience Requirement
A considerable amount of work-related skill, knowledge, or experience needed
Common pathways to gain experience:
- • Bachelor's degree in related field
- • Several years of work experience
- • Professional certifications often required
4
Job Zone Four: Considerable Preparation Needed
Most of these occupations require a four-year bachelor's degree, but some do not.
Bachelor's degree in related fieldSeveral years of work experienceProfessional certifications often required
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