Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization.
Financial managers work in many industries, including banks and insurance companies. Most financial managers work full time, and about 1 in 3 worked more than 40 hours per week in 2014.
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.
The median annual wage for financial managers was $117,990 in May 2015.
Employment of financial managers is projected to grow 7 percent from 2014 to 2024, about as fast as the average for all occupations. As with other managerial occupations, jobseekers are likely to face competition because there are more applicants than job openings. Candidates with a master's degree or certification should enjoy the best job prospects.
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Compare the job duties, education, job growth, and pay of financial managers with similar occupations.
Learn more about financial managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations.