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Financial Manager

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AVG. SALARY

$134,110

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Increasing

What They Do

Financial Managers Career Video

About This Career

Plans, directs, or coordinates accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

This career is part of the Finance cluster Business Finance pathway.

A person in this career:

  • Establishes and maintains relationships with individual or business customers or provides assistance with problems these customers may encounter.
  • Oversees the flow of cash or financial instruments.
  • Plans, directs, or coordinates the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
  • Recruits staff members.
  • Evaluates data pertaining to costs to plan budgets.
  • Oversees training programs.
  • Establishes procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
  • Communicates with stockholders or other investors to provide information or to raise capital.
  • Develops or analyzes information to assess the current or future financial status of firms.
  • Approves, rejects, or coordinates the approval or rejection of lines of credit or commercial, real estate, or personal loans.

Working Conditions and Physical Demands

People who do this job report that:

  • You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
  • Work in this occupation requires being inside most of the time
  • Work in this occupation involves sitting more than one-third of the time

Working in this career involves (physical activities):

  • Seeing clearly up close
  • Speaking clearly enough to be able to be understood by others
  • Identifying and understanding the speech of another person

Work Hours and Travel

  • Overtime work

Specialty and Similar Careers

Careers that are more detailed or close to this career:

  • Banking Center Manager (BCM)
  • Branch Manager
  • Credit Administration Manager
  • Financial Center Manager
  • Accounting Supervisor
  • Business Banking Manager
  • Credit Manager
  • Financial Planning Manager
  • Financial Reporting Manager
  • Financial Systems Manager

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.