Senior finance managers oversee financial operations at a company or organization. With extensive experience in the financial field, they support executives by planning financing strategies, supervising financial activities analysis, and creating improvements in controlling procedures.

As a senior finance manager, overseeing budgeting processes, distributing funds for operations, and minimizing financial risks will be your primary duties. It will be your job to evaluate the results of financial operations and create reports to share with the board of directors.

You will be responsible for developing and revising policies and for making sure staff complies with regulations. You'll also monitor finance staff's performance, approving or disapproving their time-off requests and completed working hours.

What Does a Senior Finance Manager Do

There are certain skills that many senior 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 analytical skills, communication skills and detail oriented.

Learn more about what a Senior Finance Manager does

How To Become a Senior Finance Manager

If you're interested in becoming a senior finance manager, one of the first things to consider is how much education you need. We've determined that 67.7% of senior finance managers have a bachelor's degree. In terms of higher education levels, we found that 28.0% of senior finance managers have master's degrees. Even though most senior finance managers have a college degree, it's impossible to become one with only a high school degree or GED.

Learn More About How To Become a Senior Finance Manager

Senior Finance Manager Career Paths

Average Salary for a Senior Finance Manager

Senior Finance Managers in America make an average salary of $133,358 per year or $64 per hour. The top 10 percent makes over $185,000 per year, while the bottom 10 percent under $95,000 per year.
Average Senior Finance Manager Salary
$133,358 Yearly
$64.11 hourly
$95,000
10 %
$133,000
Median
$185,000
90 %

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Senior Finance Manager Education

Senior Finance Manager Majors

26.9 %
23.6 %

Senior Finance Manager Degrees

Bachelors

67.7 %

Masters

28.0 %

Associate

2.7 %

Top Colleges for Senior 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 Senior 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, 12.7% of senior finance managers listed financial statements on their resume, but soft skills such as analytical skills and communication skills are important as well.

Choose From 10+ Customizable Senior Finance Manager Resume templates

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

Senior Finance Manager Gender Distribution

Male
Male
70%
Female
Female
30%

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

  • Among senior finance managers, 29.7% of them are women, while 70.3% are men.

  • The most common race/ethnicity among senior finance managers is White, which makes up 67.7% of all senior finance managers.

  • The most common foreign language among senior finance managers is Spanish at 39.4%.

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Best States For a Senior Finance Manager

Some places are better than others when it comes to starting a career as a senior finance manager. The best states for people in this position are California, New York, Washington, and Arizona. Senior finance managers make the most in California with an average salary of $146,404. Whereas in New York and Washington, they would average $140,870 and $139,906, respectively. While senior finance managers would only make an average of $135,247 in Arizona, 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. Washington

Total Senior Finance Manager Jobs:
1,788
Highest 10% Earn:
$193,000
Location Quotient:
1.33

2. New York

Total Senior Finance Manager Jobs:
3,476
Highest 10% Earn:
$197,000
Location Quotient:
1.47

3. Arizona

Total Senior Finance Manager Jobs:
1,084
Highest 10% Earn:
$191,000
Location Quotient:
1
Full List Of Best States For Senior Finance Managers

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Top Senior Finance Manager Employers

Most Common Employers For Senior Finance Manager

Rank  Company  Average Salary  Hourly Rate  Job Openings  
1Accenture$142,251$68.39165
2Intel$135,001$64.9032
3PepsiCo$131,917$63.4239
4General Electric$131,219$63.0935
5T-Mobile$129,758$62.3831
6Amazon$129,493$62.26105
7Microsoft$126,826$60.97307
8AT&T$126,552$60.8436
9Walmart$126,154$60.6567
10CBRE Group$126,024$60.5954

Senior Finance Manager Videos

Becoming a Senior Finance Manager FAQs

How many years does it take to become a finance manager?

It takes approximately 10 to 12 years to become a financial manager. Financial managers are expected to have a bachelor's degree in finance or a related financial field.

They must then procure the appropriate experience, which can also be started during their degree with an internship or volunteer work at a company offering financial services.

How much does a senior manager in finance make?

A senior manager in finance makes approximately $135,000 a year. These individuals are expected to have significant work history and education and a proven track record for financial management and strategic planning. Upon position entry, senior managers make approximately $104,000 per year.

What qualifications do you need to be a finance manager?

Qualifications needed to be a finance manager include:

  • A bachelor's degree in finance, business, or a similar field

  • Advanced numeracy

  • Business methodology and strategy knowledge

  • Collaborative skills

  • Deep communication skills

  • Team management skills

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