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Generally, the role of an administrative finance manager is the preparation of budgets, monitoring utilization of finances, and implementation of related policies and procedures. They are responsible for handling the company's expenditures, requests, invoices, and other financial documentation. They also oversee and manage the daily operation of an administrative and finance team. The finance manager coordinates financial staff and ensures orders from management are performed. Also, they compile the company's financial statements and provide the legal department with relevant tax data.

The minimum requirements for this position is a bachelor's degree in commerce or a related field with a minimum of five years of relevant work experience. Applicants must be familiar with accounting packages and financial management. You must also possess adaptability, problem-solving, attention to detail, analytical, and communication skills. Administrative finance managers earn an average salary of $88,007 per year or an hourly rate of $42.31. This varies between $57,000 and $134,000.

There is more than meets the eye when it comes to being an administrative & finance manager. For example, did you know that they make an average of $37.15 an hour? That's $77,280 a year!

Between 2018 and 2028, the career is expected to grow 16% and produce 104,700 job opportunities across the U.S.

What Does an Administrative & Finance Manager Do

There are certain skills that many administrative & finance managers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, communication skills and detail oriented.

Learn more about what an Administrative & Finance Manager does

How To Become an Administrative & Finance Manager

If you're interested in becoming an administrative & finance manager, one of the first things to consider is how much education you need. We've determined that 62.9% of administrative & finance managers have a bachelor's degree. In terms of higher education levels, we found that 20.0% of administrative & finance managers have master's degrees. Even though most administrative & finance managers have a college degree, it's possible to become one with only a high school degree or GED.

Choosing the right major is always an important step when researching how to become an administrative & finance manager. When we researched the most common majors for an administrative & finance manager, we found that they most commonly earn bachelor's degree degrees or master's degree degrees. Other degrees that we often see on administrative & finance manager resumes include associate degree degrees or diploma degrees.

You may find that experience in other jobs will help you become an administrative & finance manager. In fact, many administrative & finance manager jobs require experience in a role such as accountant. Meanwhile, many administrative & finance managers also have previous career experience in roles such as finance manager or senior accountant.

Administrative & Finance Manager Career Paths

Average Salary for an Administrative & Finance Manager

Administrative & Finance Managers in America make an average salary of $77,280 per year or $37 per hour. The top 10 percent makes over $111,000 per year, while the bottom 10 percent under $53,000 per year.
Average Administrative & Finance Manager Salary
$77,280 Yearly
$37.15 hourly
$53,000
10 %
$77,000
Median
$111,000
90 %

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Administrative & Finance Manager Education

Administrative & Finance Manager Majors

32.1 %
10.9 %

Administrative & Finance Manager Degrees

Bachelors

62.9 %

Masters

20.0 %

Associate

9.1 %

Top Colleges for Administrative & Finance Managers

1. University of Pennsylvania

Philadelphia, PA • Private

In-State Tuition
$55,584
Enrollment
10,764

2. Northwestern University

Evanston, IL • Private

In-State Tuition
$54,568
Enrollment
8,451

3. University of Southern California

Los Angeles, CA • Private

In-State Tuition
$56,225
Enrollment
19,548

4. SUNY at Binghamton

Vestal, NY • Private

In-State Tuition
$9,808
Enrollment
13,990

5. Villanova University

Villanova, PA • Private

In-State Tuition
$53,308
Enrollment
6,819

6. San Diego State University

San Diego, CA • Private

In-State Tuition
$7,488
Enrollment
30,018

7. Bentley University

Waltham, MA • Private

In-State Tuition
$49,880
Enrollment
4,177

8. Boston University

Boston, MA • Private

In-State Tuition
$53,948
Enrollment
17,238

9. SUNY Stony Brook

Stony Brook, NY • Private

In-State Tuition
$9,625
Enrollment
17,407

10. New York University

New York, NY • Private

In-State Tuition
$51,828
Enrollment
26,339

Top Skills For an Administrative & Finance Manager

The skills section on your resume can be almost as important as the experience section, so you want it to be an accurate portrayal of what you can do. Luckily, we've found all of the skills you'll need so even if you don't have these skills yet, you know what you need to work on. Out of all the resumes we looked through, 10.5% of administrative & finance managers listed financial statements on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Administrative & Finance Manager Resume templates

Zippia allows you to choose from different easy-to-use Administrative & Finance Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your Administrative & Finance Manager resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.

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Administrative & Finance Manager Resume
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Administrative & Finance Manager Resume

Administrative & Finance Manager Demographics

Administrative & Finance Manager Gender Distribution

Male
Male
51%
Female
Female
49%

After extensive research and analysis, Zippia's data science team found that:

  • Among administrative & finance managers, 49.3% of them are women, while 50.7% are men.

  • The most common race/ethnicity among administrative & finance managers is White, which makes up 67.4% of all administrative & finance managers.

  • The most common foreign language among administrative & finance managers is Spanish at 40.0%.

Online Courses For Administrative & Finance Manager That You May Like

Advertising Disclosure  The courses listed below are affiliate links. This means if you click on the link and purchase the course, we may receive a commission.
Financial Accounting Payroll
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Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

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Subsidiary ledgers for accounts receivable & accounts payable. Special Journals - Sales journal, purchases journal...

Financial Accounting-Adjusting Entries & Financial Statement
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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

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Best States For an Administrative & Finance Manager

Some places are better than others when it comes to starting a career as an administrative & finance manager. The best states for people in this position are Massachusetts, Connecticut, Oregon, and New York. Administrative & finance managers make the most in Massachusetts with an average salary of $105,208. Whereas in Connecticut and Oregon, they would average $102,741 and $102,393, respectively. While administrative & finance managers would only make an average of $100,143 in New York, you would still make more there than in the rest of the country. We determined these as the best states based on job availability and pay. By finding the median salary, cost of living, and using the Bureau of Labor Statistics' Location Quotient, we narrowed down our list of states to these four.

1. New York

Total Administrative & Finance Manager Jobs:
3,401
Highest 10% Earn:
$150,000
Location Quotient:
1.33 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

2. Connecticut

Total Administrative & Finance Manager Jobs:
797
Highest 10% Earn:
$154,000
Location Quotient:
1.2 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here

3. Massachusetts

Total Administrative & Finance Manager Jobs:
2,070
Highest 10% Earn:
$156,000
Location Quotient:
1.13 Location Quotient is a measure used by the Bureau of Labor Statistics (BLS) to determine how concentrated a certain industry is in a single state compared to the nation as a whole. You can read more about how BLS calculates location quotients here
Full List Of Best States For Administrative & Finance Managers

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Top Administrative & Finance Manager Employers

Most Common Employers For Administrative & Finance Manager

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Sony Electronics$98,566$47.393
2American Express$94,265$45.323
3Marathon Petroleum$92,831$44.633
4Merck$92,470$44.463
5Unisys$89,291$42.933
6Levi Strauss & Co.$88,465$42.536
7The Walt Disney Company$87,186$41.923
8TREVIICOS$85,689$41.204
9SS&C Technologies$81,710$39.286
10Robert Half$80,148$38.533