Financial managers

Detailed Occupation

Add Comparison

2023 Workforce

1.43M

Average Age

44.8

Estimated Job Growth

16.5%

10-year projection

Average Salary

$127,411

Average Male Salary

$165,448

Average Female Salary

$97,712

About

Financial managers are most often employed by the uninformed industry. The average yearly wage for Financial managers was $127,411 in 2023.

The locations that employ the most Financial managers are NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY, NYC-Manhattan Community District 7--Upper West Side PUMA, NY, and NYC-Manhattan Community District 8--Upper East Side & Roosevelt Island PUMA, NY. The locations with a relatively high concentration of Financial managers are NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY, NYC-Manhattan Community District 7--Upper West Side PUMA, NY, and NYC-Manhattan Community District 8--Upper East Side & Roosevelt Island PUMA, NY.

Management occupations Management, business, & financial occupations Management, business, science, & arts occupations

Employment and salary information for the Financial managers workforce. Financial managers workforce in 2023 was 1,425,745 people, of which 56.2% were women and 43.8% were men. Financial managers are paid most in Westchester County (Central) PUMA, NY but are relatively concentrated in NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY.

Employment Over Time

Metric

Grouping

625,126

Male Workforce

± 19.4k

800,619

Female Workforce

± 21.9k

The Financial managers workforce in 2023 was 1,425,745 people (56.2% women and 43.8% men). This implies an average annual growth of 32.7% between 2014 (1,074,752) and 2023 (1,425,745).

Employment by Location

Level

Metric

This map shows the states in the United States shaded by average wage for Financial managers.

During 2023, the states that concentrated the best average annual wage were New York ($191,302), Connecticut ($189,130), and District of Columbia ($174,078).

Yearly Wage Ranking

$127,411

AVERAGE WAGE

#31 in the ranking (2023)

$67,727

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2023, Financial managers earned an average of $127,411, $59,684 more than the average national salary of $67,727

The graph shows the ranking of Financial managers in relation to all Detailed Occupation in 2023.

Wage Distribution

Gender

0.41

WAGE GINI

In 2023, Financial managers had a wage GINI coefficient of 0.41, which is lower than the national average of 0.476. In other words, wages are distributed more evenly for Financial managers (shown in red) than for the overall labor force (shown in gray).

The graphic shows the distribution of average salaries by buckets for Financial managers compared to the entire workforce in the country.

Industry

Information on the industries that employ Financial managers and on wages for those in the field. uninformed is the industry that employs the most Financial managers, both by share and by number, though the highest paid industry for Financial managers, by average wage, is Metal ore mining ($319,457).

Occupations by Industries

Metric

Value

1.43M

2023 Workforce

± 29,179

4.62%

1 YEAR GROWTH

± 2.8%

This graphic shows the share of Financial managers employed by various industries. uninformed employs the largest share of Financial managers at 65.3%, followed by Nondepository credit & related activities with 16.6% and Securities, commodities, funds, trusts & other financial investments with 9.21%.

Diversity

Demographic information on Financial managers in the US. The workforce of Financial managers in 2023 was 1,425,745 people, with 56.2% woman, and 43.8% men. The average age of male Financial managers in the workforce is 44.2 and of female Financial managers is 45.3, and the most common race/ethnicity for Financial managers is White.

Gender and Age

Metric

The workforce of Financial managers in 2023 was 1,425,745 people, with 56.2% woman, and 43.8% men.

The age ranges that concentrated the largest workforce were 35 to 39 years (196,983 people), 40 to 44 years (194,133 people), and 50 to 54 years (178,529 people). Among them they concentrated 40% of the total workforce.

Ethnicity

Gender

In 2023, 13% of Financial managers workers were Hispanic and 87% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (48%), Puerto Rican (12.9)%, and Cuban (5.59)%

You can review this information by gender using the selectors above.

Races

In 2023, 71.1% of the Financial managers workforce were White, of which 55.2% were women and 44.8% men. Other races that concentrated a significant number of workers were Black (8.55%) and Two or More Races (8.27%).

Education & Skills

Data on higher education choices for Financial managers from The Department of Education and Census Bureau. The most common major for Financial managers is Business but the most specialized major according to RCA in 2023 were Business.

Among the necessary skills for Financial managers, Reading Comprehension stands, but the revealed comparative advantage (RCA) shows that Financial managers need more than the average amount of Management of Financial Resources.

Majors

ACS PUMS data only shows the major for bachelor's degrees. However, we can filter the data based on highest degree obtained.

Type of Majors

Degree

The most common majors achieved by Financial managers in 2023 (counting all academic degrees) were Business (516,487 people), Social Sciences (88,759 people), and Engineering (32,940 people).

You can review this information for different academic grades by modifying the option selected in the selector above.

Education Levels

Metric

The main educational levels achieved by the Financial managers workers were Bachelors Degree (593,034 people), Graduate Degree (309,539 people), and Some college (246,797 people).

The graphic shows the Financial managers workforce by gender and educational level.

Skills

Chart

Value

Data on the critical and distinctive skills necessary for Financial managers from the Bureau of Labor Statistics. Financial managers need many skills, but most especially Reading Comprehension, Active Listening, Critical Thinking.

Projections

Projections on job growth for Financial Managers from the Bureau of Labor Statistics. The 10-year national workforce is projected to grow 4.02%, but Financial Managers are expected to see a growth of 16.5% over the same period. This occupation is expected to grow more than the national average.

Job Growth

16.5%

Estimated Job Growth

10-year Projection

4.02%

National Growth

10-year Projection

This line chart shows the projected 10-year growth in the number of jobs for Financial managers. This profession is expected to grow more than than 4.02%, the average rate of national job growth.