Summary
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Quick Facts: Financial Managers | |
---|---|
$129,890 per year
$62.45 per hour |
|
Bachelor's degree | |
5 years or more | |
None | |
697,900 | |
15% (Much faster than average) | |
108,100 |
What Financial Managers Do
Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.
Work Environment
Financial managers work in many industries, including banks, investment firms, 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 need a bachelor’s degree and 5 years or more of experience in another business or financial occupation, such as accountant, securities sales agent, or financial analyst.
Pay
The median annual wage for financial managers was $129,890 in May 2019.
Job Outlook
Employment of financial managers is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations. Several functions of financial managers, including cash management and risk management, are expected to be in high demand over the 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.