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Job Description |
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Job Requirements |
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Experience: Extensive skill, knowledge, and experience are needed for these occupations. Many require more than five years of experience. For example, surgeons must complete four years of college and an additional five to seven years of specialized medical training to be able to do their job. |
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Education: Most of these occupations require graduate school. For example, they may require a master's degree, and some require a Ph.D., M.D., or J.D. (law degree). |
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Training: Employees may need some on-the-job training, but most of these occupations assume that the person will already have the required skills, knowledge, work-related experience, and/or training. |
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Significant Points |
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(Abstract from Career Articles) |
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Financial Managers |
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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.
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.
Learn more about financial managers by visiting additional resources, including O*NET, a source on key characteristics of workers and occupations. |
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Top Ten Industries |
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U.S. National Figures. |
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Financial Managers |
Credit Intermediation and Related Activities (5221 And 5223 only) |
89,330 |
Management of Companies and Enterprises |
69,930 |
Accounting, Tax Preparation, Bookkeeping, and Payroll Services |
39,510 |
Securities, Commodity Contracts, and Other Financial Investments and Related Activities |
36,530 |
Insurance Carriers |
27,010 |
Local Government, excluding schools and hospitals (OES Designation) |
19,640 |
Nondepository Credit Intermediation |
17,660 |
Management, Scientific, and Technical Consulting Services |
16,300 |
Federal Executive Branch (OES Designation) |
12,620 |
Computer Systems Design and Related Services |
12,480 |
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Career Video |
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Related Majors & Degrees |
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