Financial managers
SOC Code: 11-3031Also known as:
Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager
Median Annual Salary
$161,700
+14.8% growth (2024-2034)
75K
Openings/Year
869K
Current Jobs
What Financial managers Do
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
💰 Salary
$161,700
Median annual wage (2024)
📈 Job Growth
+14.8%
Much faster than average
🎓 Education
Bachelor's degree
Typical entry-level requirement
🚀 Annual Openings
75K
Projected average per year
👔 Work Experience
5 years or more
Required before entry
Employment Projections (2024-2034)
Current Employment (2024)
868,600
Projected Employment (2034)
997,400
Related Careers
Accountants and auditors
$81,680 •
+4.6% growth
Financial and investment analysts
$101,350 •
+5.7% growth
Financial examiners
$90,400 •
+18.5% growth
Top Skills Required
Reading Comprehension
Critical Thinking
Complex Problem Solving
Judgment and Decision Making
Reading Comprehension
Daily Tasks & Responsibilities
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Oversee the flow of cash or financial instruments.
- Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
- Recruit staff members.
- Evaluate data pertaining to costs to plan budgets.
- Oversee training programs.
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
Technology & Tools
📚 Entry-Level Education
Bachelor's degree
Most common requirement
🎯 Recommended Education
Bachelor's Degree
O*NET recommended level
Degree Programs for Financial managers
These degree programs can prepare you for a career as a financial managers:
Finance, General
49,828 degrees awarded •
745 colleges offer this program
Accounting and Finance
3,502 degrees awarded •
131 colleges offer this program
Financial Analytics
1,644 degrees awarded •
32 colleges offer this program
Accounting and Business/Management
1,270 degrees awarded •
105 colleges offer this program
Finance and Financial Management Services, Other
363 degrees awarded •
35 colleges offer this program
Risk Management
180 degrees awarded •
13 colleges offer this program
International Finance
124 degrees awarded •
3 colleges offer this program
Public Finance
63 degrees awarded •
6 colleges offer this program
Accounting and Computer Science
36 degrees awarded •
6 colleges offer this program
Best Colleges for Becoming a Financial managers
Ranked by Repit grade, then by degrees in related programs. These are the top-rated colleges that prepare students to become financial managers.
Want this ranking as a spreadsheet? Investor Pro+ members can export any Repit table to CSV. See plans →
Frequently Asked Questions
How much do financial managers make?
The median annual salary for financial managers is $161,700.
What education do financial managers need?
Most financial managers positions require a bachelor's degree.
Common degree programs include Finance, General, Accounting and Finance, Financial Analytics.
Is becoming financial managers a good career choice?
Financial managers is projected to see +14.8% job growth from 2024 to 2034,
which is much faster than average for all occupations. With approximately 74,600 job openings expected annually,
there are good opportunities for those entering the field.
What are the best colleges for financial managers?
Top colleges for aspiring financial managers include
University of Pennsylvania, University of Georgia, The University of Texas at Austin, Northwestern University, University of Notre Dame.
These schools are ranked based on their Repit grade and the number of graduates in related programs.
What other job titles are similar to financial managers?
Financial managers may also be known as: Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager, Accounts Payable Manager, Accounts Supervisor, Actuarial Manager, Asset Manager, ATM Manager (Automated Teller Machine Manager), Auditing Manager, Auditor Supervisor, Bank Branch Manager, Bank Manager, Banking Branch Manager, Banking Center Manager (BCM), Banking Manager, Banking Supervisor, Branch Manager, Budget Manager.
These titles often refer to similar roles with varying responsibilities or specializations.