Add Comparison
Financial managers are most often employed by the Banking & related activities industry. The average yearly wage for Financial managers was $102,050 in 2016. The top 3 most similar occupations to Financial managers by wage are Computer network architects, Chemical engineers and Marketing & sales managers. Financial managers are part of the Management occupations category, along with Chief executives & legislators; General & operations managers; Advertising & promotions managers; Marketing & sales managers; Public relations & fundraising managers; and Administrative services managers.
The top 3 locations that employ the most Financial managers are Upper East Side PUMA, NY, Battery Park City, Greenwich Village & Soho PUMA, NY and Chelsea, Clinton & Midtown Business District PUMA, NY. The top 3 locations with a relatively high concentration of Financial managers are Battery Park City, Greenwich Village & Soho PUMA, NY, Upper East Side PUMA, NY and Fairfield, New Canaan, Wilton, Weston & Easton Towns PUMA, CT.
Information on the businesses and industries that employ Financial managers and on wages and locations for those in the field. Banking & related activities 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 Iron & steel mills & steel product manufacturing. Financial managers are paid most in Norwalk, Westport & Darien Towns PUMA, CT but are relatively concentrated in Battery Park City, Greenwich Village & Soho PUMA, NY.
Demographic information on Financial managers in the US. The average age of male Financial managers in the workforce is 43.7 and of female Financial managers is 44.6, and the most common race/ethnicity for Financial managers is White.
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 a relatively high number of Financial managers hold a major in Communication Technologies.
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 Management of Financial Resources, Monitoring, and Judgment and Decision Making. The revealed comparative advantage (RCA) shows that Financial managers need more than the average amount of Management of Financial Resources, Management of Material Resources, and Operations Analysis.
Projections on wages and job growth for Financial managers from the Bureau of Labor Statistics. The ten-year national workforce is projected to grow 7.4%, but Financial managers are expected to see a growth of 18.7% over the same period. This occupation is expected to grow faster than the national average.
