Financial managers

Detailed Occupation

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2024 Workforce

1.46M

Average Age

44.9

Estimated Job Growth

14.8%

10-year projection

Average Salary

$130,217

Average Male Salary

$168,121

Average Female Salary

$100,533

About

Financial managers are most often employed by the Banking & related activities industry. The average yearly wage for Financial managers was $130,217 in 2024.

The locations that employ the most Financial managers are NYC-Manhattan Community Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, NYC-Manhattan Community District 8--Upper East Side & Roosevelt Island PUMA, NY, and NYC-Manhattan Community District 7--Upper West Side 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 Districts 5 & 6--Midtown, East Midtown, & Flatiron PUMA, NY, and NYC-Manhattan Community District 7--Upper West Side PUMA, NY.

Photo by Ken Teegardin

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

Employment

Employment and salary information for the Financial managers workforce. Financial managers workforce in 2024 was 1,463,736 people, of which 56.1% were women and 43.9% were men. Financial managers are paid most in NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY but are relatively concentrated in NYC-Manhattan Community Districts 1 & 2--Financial District & Greenwich Village PUMA, NY.

Employment Over Time

Metric

Grouping

642,850

Male Workforce

± 19.6k

820,886

Female Workforce

± 22.2k

The Financial managers workforce in 2024 was 1,463,736 people (56.1% women and 43.9% men). This implies an average annual growth of 36.2% between 2014 (1,074,752) and 2024 (1,463,736).

Employment by Location

Level

Metric

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

During 2024, the states that concentrated the best average annual wage were Connecticut ($194,910), New York ($193,160), and District of Columbia ($178,420).

Yearly Wage Ranking

$130,217

AVERAGE WAGE

#29 in the ranking (2014)

$69,878

NATIONAL AVERAGE WAGE

For all occupations across the US

In 2024, Financial managers earned an average of $130,217, $60,339 more than the average national salary of $69,878

The graph shows the ranking of Financial managers in relation to all Detailed Occupation in 2014.

In 2024, Financial managers had a wage GINI coefficient of 0.405, which is lower than the national average of 0.474. 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. 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 Metal ore mining ($345,453).

Occupations by Industries

Metric

Value

1.46M

2024 Workforce

± 29,563

2.66%

1 YEAR GROWTH

± 2.8%

This graphic shows the share of Financial managers employed by various industries. Banking & related activities employs the largest share of Financial managers at 62.9%, followed by Nondepository credit & related activities with 17.6% and Securities, commodities, funds, trusts & other financial investments with 10.1%.

Diversity

Demographic information on Financial managers in the US. The workforce of Financial managers in 2024 was 1,463,736 people, with 56.1% woman, and 43.9% men. The average age of male Financial managers in the workforce is 44.3 and of female Financial managers is 45.4, and the most common race/ethnicity for Financial managers is White.

Gender and Age

Metric

The workforce of Financial managers in 2024 was 1,463,736 people, with 56.1% woman, and 43.9% men.

The age ranges that concentrated the largest workforce were 40 to 44 years (205,046 people), 35 to 39 years (200,364 people), and 50 to 54 years (182,294 people). Among them they concentrated 40.2% of the total workforce.

Ethnicity

Gender

In 2024, 13.3% of Financial managers workers were Hispanic and 86.7% non-Hispanic.

The treemap shows the distribution of Hispanic workers according to their origin, highlighting Mexican (47.4%), Puerto Rican (12.8)%, and Cuban (5.33)%

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

Races

In 2024, 69.1% 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 Two or More Races (9.74%) and Black (8.51%).

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 2024 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 2024 (counting all academic degrees) were Business (528,141 people), Social Sciences (90,856 people), and Engineering (35,603 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 (609,551 people), Graduate Degree (321,729 people), and Some college (248,610 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 3.07%, but Financial Managers are expected to see a growth of 14.8% over the same period. This occupation is expected to grow more than the national average.

Job Growth

14.8%

Estimated Job Growth

10-year Projection

3.07%

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 3.07%, the average rate of national job growth.