"financial statements," "real estate," and "ensure compliance" aren't the only skills we found finance officers list on their resumes. In fact, there's a whole list of finance officer responsibilities that we found, including:
We've found that 65.5% of finance officers have earned a bachelor's degree. Furthermore, 16.1% earned their master's degrees before becoming a finance officer. While it's true that most finance officers have a college degree, it's generally possible to become one with only a high school degree. In fact, one out of every eight finance officers did not spend the extra money to attend college.
Those finance officers who do attend college, typically earn either a accounting degree or a business degree. Less commonly earned degrees for finance officers include a finance degree or a economics degree.
Once you're ready to become a finance officer, you should explore the companies that typically hire finance officers. According to finance officer resumes that we searched through, finance officers are hired the most by Wells Fargo, Massachusetts Institute of Technology, and State Street. Currently, Wells Fargo has 28 finance officer job openings, while there are 4 at Massachusetts Institute of Technology and 3 at State Street.
But if you're interested in companies where you might earn a high salary, finance officers tend to earn the biggest salaries at Citigroup, Wells Fargo, and Comerica. Take Citigroup for example. The median finance officer salary is $101,205. At Wells Fargo, finance officers earn an average of $92,011, while the average at Comerica is $91,153. You should take into consideration how difficult it might be to secure a job with one of these companies.
We also looked into companies who hire finance officers from the top 100 educational institutions in the U.S. The top three companies that hire the most from these institutions include Citi, JPMorgan Chase, and Robert Half International.
In general, finance officers fulfill roles in the finance and non profits industries. While employment numbers are high in those industries, the finance officer annual salary is the highest in the finance industry with $81,919 as the average salary. Meanwhile, the health care and technology industries pay $73,851 and $72,586 respectively. This means that finance officers who are employed in the finance industry make 24.6% more than finance officers who work in the government Industry.