What is a Finance Executive

For a finance executive, it's all about the money. They oversee all of a company's financial transactions and information, from budgets to income flows to mergers. With their help, a company can improve its profit margin, cut expenses, and make dynamic market moves ahead of competitors.

The day-to-day tasks of a finance executive depend on the needs of the company. Some days, they spend most of their time overseeing the whole finance and accounting department. Other days, they may spend their time preparing a financial report analyzing the business's cash-flow, and making recommendations for improvement. They may meet with other executives to plan the next steps to bring in more profit for the company.

The road to becoming a finance executive is not easy. Qualified candidates usually have at least a bachelor's degree in business, if not a master's, and many years of work experience. The hard work does not stop once they get the corner office and fancy nameplate. Many finance executives work long hours to manage a company's accounts.

There is more than meets the eye when it comes to being a Finance Executive. For example, did you know that they make an average of $53.35 an hour? That's $110,977 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 a Finance Executive Do

There are certain skills that many Finance Executives 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 Organizational skills, Communication skills and Detail oriented.

Learn more about what a Finance Executive does

How To Become a Finance Executive

If you're interested in becoming a Finance Executive, one of the first things to consider is how much education you need. We've determined that 67.0% of Finance Executives have a bachelor's degree. In terms of higher education levels, we found that 21.8% of Finance Executives have master's degrees. Even though most Finance Executives have a college degree, it's impossible 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 a Finance Executive. When we researched the most common majors for a Finance Executive, we found that they most commonly earn Bachelor's Degree degrees or Master's Degree degrees. Other degrees that we often see on Finance Executive resumes include Associate Degree degrees or Diploma degrees.

You may find that experience in other jobs will help you become a Finance Executive. In fact, many Finance Executive jobs require experience in a role such as Chief Finance Officer. Meanwhile, many Finance Executives also have previous career experience in roles such as Account Executive or Finance Analyst.

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Average Salary
$110,977
Average Salary
Job Growth Rate
16%
Job Growth Rate
Job Openings
124,684
Job Openings
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Finance Executive Career Paths

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Average Salary for a Finance Executive

Finance Executives in America make an average salary of $110,977 per year or $53 per hour. The top 10 percent makes over $211,000 per year, while the bottom 10 percent under $58,000 per year.
Average Salary
$110,977
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Finance Executive Demographics

Finance Executive Gender Statistics

male

56.2 %

female

37.1 %

unknown

6.7 %

Finance Executive Ethnicity Statistics

White

67.9 %

Hispanic or Latino

13.6 %

Asian

9.6 %

Finance Executive Foreign Languages Spoken Statistics

Spanish

38.1 %

French

7.9 %

Hindi

6.3 %
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Finance Executive Education

Finance Executive Majors

22.8 %
19.8 %

Finance Executive Degrees

Bachelors

67.0 %

Masters

21.8 %

Associate

4.0 %

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High School / GED
Associate
Bachelor's
Master's
Doctorate

Top Colleges for Finance Executives

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
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Online Courses For Finance Executive That You May Like

Financial Accounting Payroll
udemy
4.4
(889)

Payroll calculations - federal income tax, social security, Medicare - Payroll journal entries posted to ledger accounts...

How to Read Financial Statements: Build Financial Literacy.
udemy
4.4
(392)

Read financial statements and speak the language of business without the drudgery of a traditional accounting course...

Audit - Financial Statement
udemy
4.5
(1,157)

Learn the audit process from planning to audit report form a Certified Public Accountant (CPA)...

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Top Skills For a Finance Executive

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, 22.8% of Finance Executives listed Financial Statements on their resume, but soft skills such as Organizational skills and Communication skills are important as well.

12 Finance Executive RESUME EXAMPLES

Best States For a Finance Executive

Some places are better than others when it comes to starting a career as a Finance Executive. The best states for people in this position are New York, Rhode Island, Virginia, and Delaware. Finance Executives make the most in New York with an average salary of $141,796. Whereas in Rhode Island and Virginia, they would average $121,113 and $117,886, respectively. While Finance Executives would only make an average of $117,605 in Delaware, 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. Delaware

Total Finance Executive Jobs:
297
Highest 10% Earn:
$210,000
Location Quotient:
2.4
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. New York

Total Finance Executive Jobs:
2,002
Highest 10% Earn:
$238,000
Location Quotient:
1.58
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. Connecticut

Total Finance Executive Jobs:
810
Highest 10% Earn:
$207,000
Location Quotient:
2.48
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 Finance Executives

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