Management & Entrepreneurship · Business Information Management

Financial Managers

A financial manager oversees the money and financial operations of a company or organization. You'll analyze data, make strategic decisions, and lead teams. The work is analytical and people-focused, and you'll need a bachelor's degree to enter the field.

Median pay
$166,570
per year
Job outlook
+15%
much faster than average
Typical education
Bachelor's degree
four-year degree
Preparation
Considerable
Job Zone 4

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What a financial manager does

Financial managers plan and direct the financial activities of organizations. You work with computers to analyze budgets, forecast revenue, and monitor spending. You communicate regularly with supervisors, peers, and staff to align financial strategy with business goals. Your day involves processing financial information, solving problems, and making decisions that affect the organization's bottom line. You also stay current on accounting standards, regulations, and economic trends that shape your recommendations.

Core work activities

Career video courtesy of CareerOneStop.

Salary and job outlook

Financial Managers earn a median of $166,570 a year, based on 2025 data from the U.S. Bureau of Labor Statistics. Pay rises with experience, specialty, and location.

Lowest 10%$94,310
Median$166,570
Highest 10%$323,270

The outlook is strong. Employment is projected to grow 15 percent from 2024 to 2034, much faster than average for all occupations, with about 74,600 openings a year.

Skills and knowledge you need

Top skills

  • Critical thinking
  • Speaking
  • Active listening
  • Reading comprehension
  • Monitoring
  • Writing

Knowledge areas

  • Customer and personal service
  • Administration and management
  • Economics and accounting
  • Mathematics
  • Administrative
  • Law and government

How to become a financial manager

You'll need a bachelor's degree to become a financial manager. Focus on coursework in accounting, economics, administration, and mathematics. During your studies, develop strong critical thinking and communication skills through projects and internships. Many financial managers start in entry-level accounting or finance roles, then advance as they gain experience and demonstrate leadership ability. Plan for considerable preparation time as you build both technical knowledge and the interpersonal skills needed to manage teams and influence decisions.

Most financial managers earn a bachelor's degree, then move into finance or accounting roles before stepping into management. If you're deciding between different educational paths or want to map out your next steps, Pathly can map the financial manager path that fits you and work through it with your counselor to find the timing and route that fits your situation.

Certifications and licensing

Many financial managers must be licensed, and professional certifications can strengthen your resume.

Common certifications

CORE
Professional Certification Program
National Association of County Collectors, Treasurers and Finance Officers
CORE
Agribusiness and Farm Insurance Specialist
International Risk Management Institute, Inc.
CORE
Certified Management Accountant
The Association of Accountants and Financial Professionals in Business
CORE
Certified Pension Consultant
American Society of Pension Professionals and Actuaries
ADVANCED
Certified Trust Examiner
Conference of State Bank Supervisors
ADVANCED
Certified Information Systems Examiner
Conference of State Bank Supervisors

Licensing is handled at the state level and the requirements vary, so check the licensing board in your state. Pathly shows your state's specific steps inside your roadmap.

Certification and licensing data provided by CareerOneStop, sponsored by the U.S. Department of Labor (DOLETA) and the Minnesota Department of Employment and Economic Development (DEED).

Is this a good fit for you?

You're drawn to leadership and business strategy. You like working with data and systems, and you're comfortable influencing others and driving results through smart decision-making.

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Last updated July 1, 2026.

Data sources. Career details from the O*NET 30.3 Database by the U.S. Department of Labor, Employment and Training Administration (USDOL/ETA), used under CC BY 4.0. O*NET® is a trademark of USDOL/ETA. Salary and outlook figures from the U.S. Bureau of Labor Statistics (May 2025 wages; 2024–2034 projections), delivered via the CareerOneStop API. Certification, licensing, wage, and outlook data from CareerOneStop, sponsored by USDOL/ETA and the Minnesota Department of Employment and Economic Development (DEED).