How To Become A Finance Account Manager: What It Is and Career Path

What is a finance account manager and how to become one

Updated January 8, 2025

4 min read

Quoted expert

Brian Meehan

As a finance account manager, you will play a critical role in providing financial guidance and support to companies or clients. In this role, you can make a real difference to the success and growth of a company. Thus, if you can handle the responsibilities and want to reap the benefits that come along with the role, then this is the job for you.

Some of the duties and responsibilities that you will be performing in this capacity include monitoring the day-to-day financial operations of a company, overseeing the financial department employees and evaluating their performance, tracking the company's financial status, providing insightful information on how to better the company's performance, thus increasing its efficiency and productivity among other tasks. Essential skills required to successfully complete these duties are communication, analytical, attention to detail, organization, integrity, and ability to multitask.

Educational requirements for the position include an advanced degree in accounting, business, finance, or a similar discipline. Moreover, several years of work experience in a financial role is also required, as this is a managerial level position. The average hourly pay for this role is $37.97, which amounts to $78,982 annually. This career is projected to experience substantial growth in the near future and create new opportunities across the United States.

What general advice would you give to a finance account manager?

Brian Meehan

Assistant Professor of Economics, Campbell School of Business, Berry College

My advice would be to apply broadly for jobs and take advantage of the robust set of career opportunities a degree in economics provides. It also gives you a better gauge of the opportunity cost (next best alternative) of accepting a job. Try to determine what that best alternative is. Additional training can also be a good option. Those individuals interested in graduate schools, professional schools, law schools, MBAs, etc. should look into these opportunities. Improving your human capital stock (via training and education), while weathering a recession, and then capitalizing on a healthier job market at the end of this training, is a pretty good route (assuming the recession is short).

ScoreFinance Account ManagerUS Average

Salary

5.3

Avg. Salary $68,403

Avg. Salary $59,228

Stability level

9.5

Growth rate 17%

Growth rate 0.3%

Diversity

3.3

Race

American Indian and Alaska Native 0.34%

Asian 9.95%

Black or African American 7.41%

Hispanic or Latino 14.12%

Unknown 4.10%

White 64.09%

Gender

female 51.28%

male 48.72%

Age - 46

Race

American Indian and Alaska Native 3.00%

Asian 7.00%

Black or African American 14.00%

Hispanic or Latino 19.00%

White 57.00%

Gender

female 47.00%

male 53.00%

Age - 46

Stress level

9.5

Stress level is very high

7.1 - high

Complexity level

9.3

Complexity level is advanced

7 - challenging

Work life balance

4.9

Work life balance is fair

6.4 - fair

Key steps to become a finance account manager

Explore finance account manager education requirements

Most common finance account manager degrees

Bachelor's

69.8 %

Master's

12.5 %

Associate

10.7 %

Start to develop specific finance account manager skills

Skills	Percentages
Financial Services	14.19%
Account Management	8.08%
Financial Analysis	6.76%
Customer Relationships	5.67%
Payroll	4.32%

Complete relevant finance account manager training and internships

Accountants spend an average of 1-3 months on post-employment, on-the-job training. New finance account managers learn the skills and techniques required for their job and employer during this time. The chart below shows how long it takes to gain competency as a finance account manager based on U.S. Bureau of Labor Statistics data and data from real finance account manager resumes.

Research finance account manager duties and responsibilities

Manage staff, insurance and patient AR, and bookkeeping functions, which include payroll.
Monitor all transactions in assign inventory finance portfolio to manage invoice funding approval decision.
Input deals and prepare customer information through ADP and CDK services.
Identify several ongoing reporting mistakes and leverage accounting experience to determine and implement solutions to align with the standard accounting policy.

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When your background is strong enough, you can start writing your finance account manager resume.

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