SOC: 11-3031 Financial Managers


Plan, direct, and coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Career Exploration Guide Index
Education:
A bachelor's degree in a business field is required for entrance into this occupation. Employers are increasingly hiring those with a master's degree, especially those with a master's degree in business administration, economics, finance, or risk management. Some employers consider previous experience in the financial field equally as important. Continuing education is extremely important for those entering this field, and some employers offer its employees opportunities to take various graduate courses at local universities. Financial managers need to be creative thinkers and good problem solvers.
Conditions:
Financial Managers normally work in an office atmosphere. They commonly work long hours, often 50 to 60 hours each week. They are often required to attend meetings and travel to visit subsidiary companies or meet customers.
Outlook:
Employment growth for financial managers is expected is to be about as fast as the average for all occupations. However, applicants will likely face strong competition for jobs. Those with a masters’ degree and a certification will have the best opportunities.
License:
License not required.
Alabama Employment Outlook
National High Growth Industry Alabama Wage Data Alabama Projections
Mean Entry Experience
2008 Employment: 5,190
Hourly $50.79 $29.90 $61.23
2018 Projected Employment: 5,680
Comprehensive wage data available: Alabama Occupational Wage Survey
Annual Average Openings: 125
Annual Growth Rate: 0.91%
Postsecondary Institutions With Programs:
Alabama A & M University
Alabama State University
Auburn University
Auburn University Montgomery
Jacksonville State University
Troy State University
University Of Alabama
University Of Alabama Birmingham
University Of Alabama Huntsville
University Of Montevallo
University Of North Alabama
University Of South Alabama
Related Occupations:
Accountants and Auditors
Administrative Services Managers
Agents and Business Managers of Artists, Performer
Financial Analysts
Financial Examiners
Financial Managers
Purchasing Managers

Bureau of Labor Statistics Occupational Outlook Handbook