Summary
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Quick Facts: Financial Managers | |
---|---|
$127,990 per year
$61.53 per hour |
|
Bachelor's degree | |
5 years or more | |
None | |
653,600 | |
16% (Much faster than average) | |
104,700 |
What Financial Managers Do
Financial managers produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Work Environment
Financial managers work in many industries, including banks and insurance companies. Most financial managers work full time and some work more than 40 hours per week.
How to Become a Financial Manager
Financial managers typically have a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as an accountant, auditor, securities sales agent, or financial analyst.
Pay
The median annual wage for financial managers was $127,990 in May 2018.
Job Outlook
Employment of financial managers is projected to grow 16 percent from 2018 to 2028, much faster than the average for all occupations. Several core functions of financial managers, including risk management and cash management, are expected to be in high demand over the next decade.
State & Area Data
Explore resources for employment and wages by state and area for financial managers.
Similar Occupations
Compare the job duties, education, job growth, and pay of financial managers with similar occupations.
More Information, Including Links to O*NET
Learn more about financial managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.