|Quick Facts: Financial Managers|
$131,710 per year
$63.32 per hour
|5 years or more|
|17% (Much faster than average)|
What Financial Managers Do
Financial managers create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.
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.
The median annual wage for financial managers was $131,710 in May 2021.
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.
State & Area Data
Explore resources for employment and wages by state and area for financial managers.
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.