Financial Managers
Financial Managers - Job Description, Average Salaries, Career Opportunities, Job Opportunities, National Labor Statistics, Injuries and Education Requirements.
Financial Managers Job Description
Financial managers direct the investment strategies of their organizations, manage financial reporting requirements, and oversee cash usage. Controllers, finance officers, credit managers, cash manages, risk and insurance managers, and managers of international banking are all considered financial managers.
Graph of Number of People with Financial manager Jobs in U.S. 2003 - 2009
| Financial managers: Number of workers 2003 - 2009 | |
|---|---|
| 2003 | 952,000 |
| 2004 | 961,000 |
| 2005 | 949,000 |
| 2006 | 971,000 |
| 2007 | 1,070,000 |
| 2008 | 1,063,000 |
| 2009 | 1,091,000 |
Graph of Number of Males with Financial manager Jobs in U.S. 2003 - 2009
| Financial managers: Number of Male Workers 2003 - 2009 | |
|---|---|
| 2003 | 461,000 |
| 2004 | 427,000 |
| 2005 | 446,000 |
| 2006 | 442,000 |
| 2007 | 495,000 |
| 2008 | 480,000 |
| 2009 | 485,000 |
Graph of Number of Females with Financial manager Jobs in U.S. 2003 - 2009
| Financial managers: Number of Female Workers 2003 - 2009 | |
|---|---|
| 2003 | 491,000 |
| 2004 | 535,000 |
| 2005 | 503,000 |
| 2006 | 529,000 |
| 2007 | 575,000 |
| 2008 | 583,000 |
| 2009 | 606,000 |
Graph of Average Annual Salary for Financial manager Jobs 2003 - 2009
| Financial managers: Average Annual Salary 2003 - 2009 | |
|---|---|
| 2003 | $52,208 |
| 2004 | $51,272 |
| 2005 | $55,172 |
| 2006 | $56,524 |
| 2007 | $56,056 |
| 2008 | $58,968 |
| 2009 | $59,748 |
Graph of Average Annual Salary for Male Financial manager Jobs 2003 - 2009
| Financial managers: Average Male Annual Salary 2003 - 2009 | |
|---|---|
| 2003 | $68,328 |
| 2004 | $72,644 |
| 2005 | $70,044 |
| 2006 | $73,892 |
| 2007 | $75,504 |
| 2008 | $75,764 |
| 2009 | $75,036 |
Graph of Average Annual Salary for Female Financial manager Jobs 2003 - 2009
| Financial managers: Average Female Annual Salary 2003 - 2009 | |
|---|---|
| 2003 | $42,796 |
| 2004 | $43,628 |
| 2005 | $44,356 |
| 2006 | $46,488 |
| 2007 | $47,268 |
| 2008 | $49,140 |
| 2009 | $49,972 |
| Projected Job Openings for Financial managers | |
|---|---|
| Projected Employment, 2018 | 580,500 |
| Number of New Hires | 41,200 |
| Percent Change | 8 % |
| Total Job Opportunities Due to Growth and Replacement Through 2018 | 138,200 |
How to Become a Financial manager: Graph of Educational Background for Financial managers in the U.S.
| Most Significant Source of Education for Financial managers | |
|---|---|
| Percent with Less than High School Diploma | 1.0 % |
| Percent with High school Diploma or Equivalent | 12.4 % |
| Percent with Some College, No Degree | 19.5 % |
| Percent with Associate's Degree | 7.9 % |
| Percent with Bachelor's Degree | 40.0 % |
| Percent with Master's Degree | 17.1 % |
| Percent with Doctoral or Professional Degree | 2.1 % |
Other data sources show the following industry statistics:
Graph of Employment for Financial managers in the U.S. for 1997 - 2009
| Employment for Financial managers 1997 - 2009 | |
|---|---|
| 1997 | 655,680 |
| 1998 | 674,040 |
| 1999 | 646,050 |
| 2000 | 622,890 |
| 2001 | 570,110 |
| 2002 | 563,020 |
| 2003 | 521,750 |
| 2004 | 493,360 |
| 2005 | 471,950 |
| 2006 | 468,270 |
| 2007 | 500,590 |
| 2008 | 500,590 |
| 2009 | 495,180 |
Graph of Average Annual Salary for Financial managers for 1997 - 2009
| Average Annual Salary for Financial managers for 1997 - 2009 | |
|---|---|
| 1997 | $57,060 |
| 1998 | $59,400 |
| 1999 | $69,100 |
| 2000 | $72,570 |
| 2001 | $75,430 |
| 2002 | $83,080 |
| 2003 | $87,190 |
| 2004 | $91,610 |
| 2005 | $96,620 |
| 2006 | $101,450 |
| 2007 | $110,640 |
| 2008 | $110,640 |
| 2009 | $113,730 |
Graph of Average Hourly Salary for Financial managers for 1997 - 2009
| Average Hourly Salary for Financial managers for 1997 - 2009 | |
|---|---|
| 1997 | $27 |
| 1998 | $29 |
| 1999 | $33.22 |
| 2000 | $34.89 |
| 2001 | $36.26 |
| 2002 | $39.94 |
| 2003 | $41.92 |
| 2004 | $44.04 |
| 2005 | $46.45 |
| 2006 | $48.77 |
| 2007 | $53.19 |
| 2008 | $53.19 |
| 2009 | $54.68 |
Table of Average Salary by State (Ordered Higest-Paying to Lowest-Paying) for Financial managers for 2009
| New York | $148,070 |
| Delaware | $131,810 |
| New Jersey | $130,500 |
| California | $128,100 |
| Massachusetts | $122,370 |
| District of Columbia | $121,050 |
| Minnesota | $117,050 |
| Colorado | $116,300 |
| Virginia | $115,670 |
| Illinois | $114,250 |
| Texas | $113,120 |
| Rhode Island | $112,810 |
| Florida | $111,970 |
| Ohio | $110,440 |
| Connecticut | $109,950 |
| North Carolina | $109,120 |
| Washington | $108,850 |
| Georgia | $107,880 |
| Vermont | $107,500 |
| Missouri | $107,060 |
| Nebraska | $105,730 |
| Oregon | $105,060 |
| Maryland | $105,050 |
| South Dakota | $102,920 |
| Pennsylvania | $102,410 |
| Indiana | $101,150 |
| Michigan | $100,210 |
| Alabama | $99,710 |
| New Hampshire | $99,690 |
| Wisconsin | $98,930 |
| Utah | $96,150 |
| Nevada | $95,490 |
| Arizona | $94,160 |
| Iowa | $94,130 |
| South Carolina | $93,120 |
| Hawaii | $88,340 |
| Alaska | $87,770 |
| New Mexico | $87,440 |
| North Dakota | $86,060 |
| Kansas | $85,830 |
| Wyoming | $84,980 |
| Oklahoma | $82,260 |
| Kentucky | $81,620 |
| Tennessee | $81,430 |
| Maine | $80,490 |
| Louisiana | $80,220 |
| Arkansas | $79,550 |
| Mississippi | $77,570 |
| Virgin Islands | $74,010 |
| Idaho | $73,850 |
| Montana | $72,890 |
| West Virginia | $72,290 |
| Puerto Rico | $65,870 |
| Guam | $54,160 |
Table of On-the-job Fatalities for Financial managers for 2009
| On-the-job Fatalities for Financial managers for 2009 | |
|---|---|
| Total Fatalities | 7 |
| Transportation Incidents | 3 |
| Assaults and Violent Acts | 3 |
| Contact with Objects and Equipment | No Data Available |
| Falls | No Data Available |
| Exposure to Harmful Substances or Environment | No Data Available |
| Fires and Explosions | No Data Available |