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Job outlook for finance/office managers in the United States
Finance/office manager job growth summary. After extensive research, interviews, and analysis, Zippia's data science team found that:
The projected finance/office manager job growth rate is 17% from 2018-2028.
About 123,100 new jobs for finance/office managers are projected over the next decade.
Finance/office manager salaries have increased 10% for finance/office managers in the last 5 years.
There are over 522,592 finance/office managers currently employed in the United States.
There are 135,729 active finance/office manager job openings in the US.
The average finance/office manager salary is $76,827.
Are finance/office manager jobs in demand?
Finance/office manager job and salary trends over time
Finance/office manager jobs over time
Finance/office manager job growth rate over time
| Year | # of jobs | % of population |
|---|---|---|
| 2021 | 522,592 | 0.16% |
| 2020 | 516,145 | 0.15% |
| 2019 | 537,560 | 0.16% |
| 2018 | 533,133 | 0.16% |
| 2017 | 525,763 | 0.16% |
Average finance/office manager salary over time
Finance/office manager salary by year
| Year | Avg. salary | Hourly rate | % Change |
|---|---|---|---|
| 2025 | $76,827 | $36.94 | +3.3% |
| 2024 | $74,371 | $35.76 | +1.5% |
| 2023 | $73,283 | $35.23 | +2.3% |
| 2022 | $71,617 | $34.43 | +2.7% |
| 2021 | $69,710 | $33.51 | +3.2% |
Finance/office manager jobs by state
Most common states for finance/office managers
| Rank | State | Population | # of jobs | Employment/ 1000ppl |
|---|---|---|---|---|
| 1 | District of Columbia | 693,972 | 377 | 54% |
| 2 | Massachusetts | 6,859,819 | 2,147 | 31% |
| 3 | Delaware | 961,939 | 280 | 29% |
| 4 | Alaska | 739,795 | 218 | 29% |
| 5 | Minnesota | 5,576,606 | 1,479 | 27% |
| 6 | Utah | 3,101,833 | 837 | 27% |
| 7 | Virginia | 8,470,020 | 2,233 | 26% |
| 8 | North Dakota | 755,393 | 193 | 26% |
| 9 | Washington | 7,405,743 | 1,819 | 25% |
| 10 | Connecticut | 3,588,184 | 887 | 25% |
| 11 | Maryland | 6,052,177 | 1,461 | 24% |
| 12 | Illinois | 12,802,023 | 2,973 | 23% |
| 13 | Colorado | 5,607,154 | 1,311 | 23% |
| 14 | New Hampshire | 1,342,795 | 314 | 23% |
| 15 | Rhode Island | 1,059,639 | 243 | 23% |
| 16 | Vermont | 623,657 | 142 | 23% |
| 17 | Wyoming | 579,315 | 134 | 23% |
| 18 | Wisconsin | 5,795,483 | 1,206 | 21% |
| 19 | New York | 19,849,399 | 3,977 | 20% |
| 20 | New Jersey | 9,005,644 | 1,792 | 20% |
Most common cities for finance/office managers
| Rank | City | # of jobs | Employment/ 1000ppl | Avg. salary |
|---|---|---|---|---|
| 1 | Bellevue | 1 | 1% | $81,315 |
| 2 | Chicago | 1 | 0% | $87,636 |
| 3 | Kansas City | 1 | 0% | $60,078 |
| 4 | Oakland | 1 | 0% | $76,700 |
| 5 | San Francisco | 1 | 0% | $76,911 |
Finance/Office Manager job outlook: Expert opinions
Our panel of finance/office manager experts
Catawba College
Pennsylvania State University - Greater Allegheny
Landmark College
Northwestern Michigan College
University of West Georgia
Tiffin University
Brandeis University
Brandeis University
DePaul University
Baruch College, City University New York
Red Rocks Community College
Louisiana Tech University
What Finance/Office Manager skills would you recommend for someone trying to advance their career?
Dr. Kim Roberts: Business professionals lead organizations by focused efforts that revolve around products/services, processes, and people. Business professionals work to ensure the firm's products and/or services meet customer expectations, with an eye toward an ever-changing market. They manage processes that produce or support the firm's products. This requires the ability to analyze data to make informed decisions, to drive continuous improvement, and to solve problems through critical thinking. Successful business professionals must also create climates that promote teamwork and foster collaboration.
Dr. Elizabeth Homan Ph.D.
Professors, Department ChairCatawba College
Theatre Arts
What soft skills should all Finance/Office Managers possess?
Dr. Elizabeth Homan Ph.D.: Networking, networking, networking. And being a nice, friendly, honest human being. Flexibility and a level head in the face of persistent change. Resilience and an ability to work with the conditions in which you find yourself. Working with what you have, not what you wish you had.
Bernie Cerasaro
Assistant Teaching ProfessorPennsylvania State University - Greater Allegheny
Business Department
What skills will help Finance/Office Managers earn the most?
Bernie Cerasaro: Some of the same skills as indicated above are important as the person works their way up the ranks and increases their salary. Prominent skills include strong leadership, superior performance, handling conflict, and creating a trusting and productive work environment.
The choice of a functional area can also impact one's earnings depending upon the market's needs. Areas such as corporate accounting and finance, project management, supply chain management, and entrepreneurship can command higher earnings due to a higher demand for such individuals in the marketplace. However, the higher salaries for some of these positions might require a master's degree.
As a concluding note, even though we are amid a pandemic, which has resulted in certain industries/companies being unable to find sufficient employees, this does not imply that this will be the situation for all industries or that the graduate can relax as to developing a strong skill-oriented resume. Graduates still need to focus on functional, technical, and soft skills in order to design impactful resumes that clearly indicate their strongest skills and experience.
What skills stand out on Finance/Office Manager resumes?
Dr. Jeanette Landin: Skills that stand out on contemporary business manager resumes are soft skills. Business managers indeed need insight and knowledge about the business and hard skills, including financial and other technical skills. What stands out on contemporary, successful business manager resumes are their soft skills. Interpersonal skills are atop the list because business is all about people working with other people to achieve a common goal: The business's mission. The people skills of communication, collaboration, and delegation are a vital part of the manager's ability to influence colleagues, delegate work, and achieve the company's mission.
Kristy Berak McDonald
Experiential Learning Institute DirectorNorthwestern Michigan College
Business Academic Area Faculty
What skills stand out on Finance/Office Manager resumes?
Kristy Berak McDonald: I asked a local HR expert for this question- Jennifer Ewing. She told me, "Ability to lead and motivate, financial acumen and a strategic thinker."
I would add that experiential learning (internships, work/study, relevant class projects) any real-world application of business skills stands out!
What hard/technical skills are most important for Finance/Office Managers?
Kristy Berak McDonald: All students should have strong computer skills, accounting basics, and marketing knowledge.
Thomas Gainey Ph.D.
Chair and ProfessorUniversity of West Georgia
Department of Management in the Richards College of Business
What skills stand out on Finance/Office Manager resumes?
Thomas Gainey Ph.D.: Given the recent pandemic, many employers are looking for employees who can easily adjust to changing conditions and adapt to working online if necessary. Thus, resumes that demonstrate a candidate is flexible, creative, and self-disciplined are going to be attractive. Additionally, the extent to which a candidate can show excellent time-management skills will likely create more opportunities in the job market.
What skills will help Finance/Office Managers earn the most?
Thomas Gainey Ph.D.: With such a growing reliance on technology and data analytics, skills related to these areas will likely command higher salaries. Individuals with training in areas such as software engineering, digital marketing, web design, and quantitative analysis should find well-paid opportunities in the job market.
Dr. Bonnie Tiell
Professor of Sport ManagementTiffin University
School of Business
What skills stand out on Finance/Office Manager resumes?
Dr. Bonnie Tiell: Experience and proven record of accomplishments, achievements, and added value to an organization (e.g., demonstration of increasing market shares, sales quotas, membership acquisition, etc.).
What hard/technical skills are most important for Finance/Office Managers?
Dr. Bonnie Tiell: Direct occupational knowledge: Negotiating and understanding contracts | agreements, staff management, informational technology, budget, and financial reporting.
Hagit Weihs Ph.D.
Associate Professor of Accounting in the Brandeis International Business School and the Undergraduate Advising Head to the Business ProgramBrandeis University
International Business School
What hard/technical skills are most important for Finance/Office Managers?
Hagit Weihs Ph.D.: Employers appreciate accounting, finance, and marketing literacy. These include a deep understanding of the different business disciplines (good financial statement analysis skills, understanding how budgets are created and followed, understanding financial markets, marketing, etc.). Application of these skills using data analytics tools are very important - these include data manipulation and presentation for the purpose of decision making using various software tools.
Aldo Musacchio Ph.D.
Professor, Program Director of the MBABrandeis University
Brandeis International Business School
What skills will help Finance/Office Managers earn the most?
Aldo Musacchio Ph.D.: More specialized knowledge in finance, accounting, and/or real estate with good programming skills will pay the most. The undergrads who get offers closer to $90-$100k spend a couple of years learning, say finance, and who had good internships in the topic. Real estate is also an impressive field at Brandeis. The salaries are good as long as our students have the training to do financial modeling, use Argos software, etc.
Will there be an enduring impact of the coronavirus pandemic on Finance/Office Managers?
Delvin Grant: Yes. I strongly believe coronavirus will have a lasting impact on new graduates. A increasing paradigm shift is taking place as we speak, as some IT-related jobs can be done remotely. I expect the shift to continue until a steady state condition is achieved, when companies feel they have the right mix of remote and face-to-face employment. Some companies may resist the trend, valuing face-to-face over remote working. Face-to-face satisfies a human need to socialize and, in some cultures, much business is done by face-to-face. There is evidence of a paradigm shift as many IT employees work remotely, due to the pandemic. Some companies have realized the shift is here to stay and others take a wait and see attitude. It is hard not to recognize the shift as there are cost saving from office rent, office space, heating, cooling, computing cost, travel costs, etc. The impact will vary by profession. IT and other professions are a natural fit for remote working while others are not. For example, a chemist working in a lab environment cannot work from home as his lab is the only place to mix and experiment with chemicals and chemistry.
Dr. Lilac Nachum Ph.D.
Professor, International BusinessBaruch College, City University New York
Allen G. Aaronson Department of Marketing & International Business
What type of skills will young Finance/Office Managers need?
Dr. Lilac Nachum Ph.D.: In light of the changes described in #1, the most apparent skills would be those related to digital employment. These will relate to both new opportunities, created digitally, as well as the transformation of brick and mortar jobs online. The former requires skills such as online management of supply chains, digital marketing, online sale, and the likes. These new jobs might require in addition to digital skills also heavy doses of creativity and entrepreneurship as new products and industries are being created and developed. In relation to the latter, the jobs themselves might be well established and familiar for some graduates but their delivery would be transformed in significant ways and require advanced digital skills related to the implementation of these activities.
Janet Tarase
Lead Accounting Faculty / Accounting Department ChairRed Rocks Community College
Accounting Department
What are the biggest trends we'll see in the Finance/Office Manager job market given the pandemic?
Janet Tarase: Even though over 7 million people are currently unemployed, employers still need individuals to maintain their operations. Human Resource departments are recruiting individuals through social media platforms. My daughter works in HR recruiting and they only use LinkedIn. Companies are using video or phone interviews to select candidates. Which means that potential candidates have to communicate effectively and make a good first impression quickly.
Employers will be looking for individuals that have proven communication, organizational and time management skills that are able to work independently since telecommuting will be continuing in the future. Applicants will also need to have technological and critical thinking skills to manage the challenges presented while working from home. Because of the pandemic and so many of us having to work from home, companies may broaden their recruiting geography to find the best candidates out of state or in different time zones. Finally, employees need to be flexible and resilient - you never know what the next job requirement will demand.
Patrick Scott Ph.D.
Assistant Professor of EconomicsLouisiana Tech University
Economics and Finance Department
How do you envision technology impacting Finance/Office Managers in the next 5 years?
Patrick Scott Ph.D.: I'm so glad you asked this question. COVID-19 has structurally changed the economy we knew. Technology will continue to drive these changes at a faster rate than we have seen in previous generations. While the cost of analyzing data and making fast business decisions will likely drop in the coming years due to increased efficiency, the need to have someone interpret what the numbers mean to business leaders and policymakers will continue to remain strong. Business economics majors are poised to be able to capitalize on these opportunities for the foreseeable future.