Finance managers take care of the finances of an organization. You have to produce reports, carry out research, and come up with beneficial financial strategies. Your responsibility also involves tracking the financial performance of your company to note areas for improvement. Also, you will assist top executives in making good business decisions with the present state of the organization's finances.

As a finance manager, you are to monitor the daily financial operations of your company. You will also oversee the other staff members in the financial department. Finance managers continuously look for ways to reduce the company's financial risks. More importantly, you make the company comply with the financial legislation.

A degree in accounting, finance, economics, or business is a major requirement. Some organizations prefer candidates with prior work experience in a related field. You should have exceptional mathematical, leadership, and communication skills. In-depth knowledge of business principles is also necessary. Finance managers make an average of $93,198 yearly.

What Does a Finance Manager Do

There are certain skills that many 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 organizational skills, analytical skills and communication skills.

Learn more about what a Finance Manager does

How To Become a Finance Manager

If you're interested in becoming a finance manager, one of the first things to consider is how much education you need. We've determined that 66.3% of finance managers have a bachelor's degree. In terms of higher education levels, we found that 17.2% of finance managers have master's degrees. Even though most finance managers have a college degree, it's possible to become one with only a high school degree or GED.

Learn More About How To Become a Finance Manager

Finance Manager Career Paths

Average Salary for a Finance Manager

Finance Managers in America make an average salary of $101,374 per year or $49 per hour. The top 10 percent makes over $144,000 per year, while the bottom 10 percent under $71,000 per year.
Average Finance Manager Salary
$101,374 Yearly
$48.74 hourly
$71,000
10 %
$101,000
Median
$144,000
90 %

What Am I Worth?

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How To Become a Finance Manager
How To Become a Finance Manager Career Overview

States With The Most Finance Manager Jobs

Mouse over a state to see the number of active finance manager jobs in each state. The darker areas on the map show where finance managers earn the highest salaries across all 50 states.

Average Salary: Job Openings:

Number Of Finance Manager Jobs By State

Finance Manager Education

Finance Manager Majors

30.9 %
17.6 %

Finance Manager Degrees

Bachelors

66.3 %

Masters

17.2 %

Associate

9.3 %

Top Colleges for 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 a 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, 6.8% of finance managers listed financial analysis on their resume, but soft skills such as organizational skills and analytical skills are important as well.

Choose From 10+ Customizable Finance Manager Resume templates

Zippia allows you to choose from different easy-to-use Finance Manager templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your 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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Finance Manager Demographics

Finance Manager Gender Distribution

Male
Male
60%
Female
Female
40%

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

  • Among finance managers, 40.0% of them are women, while 60.0% are men.

  • The most common race/ethnicity among finance managers is White, which makes up 67.1% of all finance managers.

  • The most common foreign language among finance managers is Spanish at 45.9%.

Work Experience Programs For Finance Managers

Virtual work experience programs replicate work at top companies and help you gain the skills to be successful when applying and working there. In only a few hours, learn the relevant tools necessary to complete a typical work day at that company. Virtual work experience programs are 100% free, open-access, and self-paced. No experience or application is required!

Finance and Mergers & Acquisitions Program

Company: Ashurst UK

Cost: Free

Duration: 4-5 hours

Wealth Management Program

Company: Goodbody

Cost: Free

Duration: 5-6 hours

Financial Services Regulation Program

Company: Herbert Smith Freehills

Cost: Free

Duration: 5-6.5 hours

Investment Banking Program

Company: Citi APAC

Cost: Free

Duration: 4-5 hours

Global Consumer Banking Program

Company: Citi APAC

Cost: Free

Duration: 2-3 hours

Audit Program

Company: Grant Thornton Australia

Cost: Free

Duration: 5-6 hours

Sustainable Finance Program

Company: Clifford Chance

Cost: Free

Duration: 6-7 hours

Commercial Banking Program

Company: JPMorgan Chase

Cost: Free

Duration: 5 hours

Business and Human Rights Program

Company: Clifford Chance

Cost: Free

Duration: 7.5-8.5 hours

Asset Management Program

Company: JPMorgan Chase

Cost: Free

Duration: 5-6.5 hours

Online Courses For Finance Manager That You May Like

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

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Adjusting entry creation, posting adjusting entries to a worksheet, creating financial statements from the trial balance...

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Excel tips & tricks for Accounting, Finance and Financial Analysis. Learn from the Bestselling Accounting Instructor...

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Best States For a Finance Manager

Some places are better than others when it comes to starting a career as a finance manager. The best states for people in this position are New York, New Jersey, Massachusetts, and Connecticut. Finance managers make the most in New York with an average salary of $118,975. Whereas in New Jersey and Massachusetts, they would average $108,398 and $107,869, respectively. While finance managers would only make an average of $107,676 in Connecticut, 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 Finance Manager Jobs:
3,329
Highest 10% Earn:
$172,000
Location Quotient:
1.41

2. Connecticut

Total Finance Manager Jobs:
716
Highest 10% Earn:
$156,000
Location Quotient:
1.17

3. Washington

Total Finance Manager Jobs:
1,636
Highest 10% Earn:
$146,000
Location Quotient:
1.22
Full List Of Best States For Finance Managers

How Do Finance Manager Rate Their Jobs?

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5.0

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5.0

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What do you like the most about working as Finance Manager?

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Top Finance Manager Employers

We've made finding a great employer to work for easy by doing the hard work for you. We looked into employers that employ finance managers and discovered their number of finance manager opportunities and average salary. Through our research, we concluded that Microsoft was the best, especially with an average salary of $130,971. Amazon follows up with an average salary of $124,786, and then comes CBRE Group with an average of $101,661. In addition, we know most people would rather work from home. So instead of having to change careers, we identified the best employers for remote work as a finance manager. The employers include Veeva Systems, Deloitte, and Akamai Technologies

Most Common Employers For Finance Manager

RankCompanyAverage SalaryHourly RateJob Openings
1Ernst & Young$135,361$65.0889
2Microsoft$130,971$62.97453
3General Electric$129,086$62.06202
4Cisco$128,107$61.59100
5Amazon$124,786$59.99321
6Accenture$120,251$57.81197
7P&G$118,912$57.17131
8Pwc$117,341$56.4199
9Bank of America$116,593$56.0582
10U.S. Bank$116,249$55.89103

Finance Manager Videos

Becoming a Finance Manager FAQs

How Long Does It Take To Become A Finance Manager?

It takes 10 to 12 years to become a financial manager. Many financial managers spend around six years obtaining a finance education and another four to six years accumulating work experience.

How Much Do Finance Managers Earn?

Finance managers earn around $130,000 a year. However, it can range from as high as $240,000 a year to as low as $64,000 a year. Factors such as location and the type of company can greatly impact earning potential.

Is Being A Finance Manager Hard?

Yes, being a finance manager is hard. To become a finance manager requires at least a bachelor's degree and around five years of experience working in a finance-related position, as well as several years working in a supervisor role.

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