Financial Manager
Salary, job outlook, education and requirements
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Also called: Accounting Supervisor · Banking Center Manager (BCM) · Branch Manager · Business Banking Manager · Credit Administration Manager · Credit Manager · Financial Center Manager · Financial Planning Manager
O*NET-SOC 11-3031.00 (Financial Managers)
Financial Manager salary
Wages for financial managers across all employers, 2025 data. The 10th percentile is typical entry-level pay; the 90th percentile reflects the most experienced and highest-paid workers.
National median hourly wage: $80.08.
Financial Manager pay by state
Ten largest states by population, annual wages.
| State | 10th percentile | Median | 90th percentile |
|---|---|---|---|
| California | $101,820 | $180,770 | $341,670 |
| Texas | $98,250 | $164,860 | $309,290 |
| Florida | $79,450 | $153,280 | $303,790 |
| New York | $124,670 | $219,880 | $370,780 |
| Pennsylvania | $83,180 | $145,610 | $286,240 |
| Illinois | $100,070 | $165,880 | $313,110 |
| Ohio | $82,190 | $140,870 | $273,760 |
| Georgia | $94,040 | $166,790 | $315,890 |
| North Carolina | $100,950 | $166,780 | $322,090 |
| Michigan | $80,280 | $139,370 | $258,480 |
Financial Manager job outlook
- Employment is projected to go from 879,700 jobs in 2025 to 964,600 in 2035 (10% change).
- About 65,600 openings are projected each year, including jobs that open up as workers retire or change occupations.
- CareerOneStop outlook rating: Bright (Rapid Growth).
How to become a financial manager
- Typical entry education
- Bachelor's degree
- Work experience
- 5 years or more work experience
- On-the-job training
- No on-the-job training
Education level of current workers
- Less than high school diploma1.2%
- High school diploma or equivalent9.9%
- Some college, no degree16%
- Associate's degree7.6%
- Bachelor's degree41.7%
- Master's degree21%
- Doctoral or professional degree2.5%
Related training programs
- Accounting and Business/Management
- Accounting and Computer Science
- Accounting and Finance
- Credit Management
- Finance and Financial Management Services, Other
- Finance, General
- Financial Analytics
- Financial Risk Management
- International Finance
- Public Finance
- Risk Management
What does a financial manager do?
Common tasks
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Communicate with stockholders or other investors to provide information or to raise capital.
- Oversee the flow of cash or financial instruments.
- Develop or analyze information to assess the current or future financial status of firms.
- 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.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
- Examine, evaluate, or process loan applications.
- Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions.
Most important skills
- Reading Comprehension
- Reading work-related information.
- Critical Thinking
- Thinking about the pros and cons of different ways to solve a problem.
- Active Listening
- Listening to others, not interrupting, and asking good questions.
- Speaking
- Talking to others.
- Monitoring
- Keeping track of how well people and/or groups are doing in order to make improvements.
- Writing
- Writing things for co-workers or customers.
- Time Management
- Managing your time and the time of other people.
- Management of Personnel Resources
- Selecting and managing the best workers for a job.
Financial Manager certifications
8 of 93 certifications CareerOneStop maps to this occupation. Requirements vary by employer and state.
- SAP America, Inc. · Product/Equipment
- SAP America, Inc. · Product/Equipment
- SAP America, Inc. · Product/Equipment
- SAP America, Inc. · Product/Equipment
- International Risk Management Institute, Inc. · Core
- International Association of Registered Financial Consultants · Advanced
- Intuit, Inc. · Core
- SAP America, Inc. · Product/Equipment
See all 93certifications in CareerOneStop's Certification Finder
Financial Manager jobs
Current federal openings from USAJOBS. For more accounting, budget & finance jobs, including private-sector listings, see the Accounting, Budget & Finance jobs hub.
Job data from USAJOBS.gov. Careers.org is not affiliated with or endorsed by OPM.
Related careers
- Accountant
- Financial Analyst
- Personal Financial Advisors
- Credit Analysts
- Loan Officers
- Financial Risk Specialists
- Securities, Commodities, and Financial Services Sales Agents
- Treasurers and Controllers
- Financial Examiners
- Investment Fund Managers
More accounting, budget & finance careers
This page includes information from CareerOneStop, sponsored by the U.S. Department of Labor, Employment and Training Administration (DOLETA), and the Minnesota Department of Employment and Economic Development (DEED).
Source: CareerOneStop occupation profile for Financial Managers. Wages are from the BLS Occupational Employment and Wage Statistics program; projections are national long-term projections.