Financial Managers, Branch or Department

What do they do?

Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

Also known as:

Accounting Manager, Assistant Manager, Assistant Vice President (AVP), Banking Center Manager (BCM), Banking Officer, Branch Manager, Credit Administration Manager, Financial Center Manager, Regional Manager, Service Center Manager, Vice President

Typical Wages

Annual wages for Financial Managers in United States

★ For the data available, wages are capped at $208,000

★ You’re seeing wages for Financial Managers because we don’t have information for Financial Managers, Branch or Department.

Projected Growth Rate

Employment of Financial Managers is projected to grow 20 percent from 2016 to 2026, much faster than average compared to all occupations.

★ You’re seeing projected growth rate for Financial Managers because we don’t have information for Financial Managers, Branch or Department.

Projected Employment

No Data Available

Projected Employment Rankings For Virginia:

  • 20.8%

    Percent Change

    Ranks #22 in job growth rate
  • 1,410

    Annual Projected Job Openings

    Ranks #17 in net job growth
★ You’re seeing projected employment information for Financial Managers because we don’t have information for Financial Managers, Branch or Department.

Select Type of Degree:

Typical College Majors

Majors that prepare Financial Managers, Branch or Department:

Indicates your preferred majors

★ Number of granted degrees for degree type, All, is listed after the major.

Education Level

  • Doctorate or Professional Degree (2.3%)
  • Master's degree (19.6%)
  • Bachelor's degree (41.6%)
  • Associate's degree (7.9%)
  • Some college, no degree (17.3%)
  • High school diploma equivalent (10.1%)
  • Less than high school diploma (1.1%)

Percent of workers in this field

★ You’re seeing education information for Financial managers because we don’t have information for Financial Managers, Branch or Department. Please note the information may not be the same for both occupations.

Colleges that Prepare

Colleges with the most graduates that become Financial Managers, Branch or Department:

Indicates preferred colleges

Best colleges for Financial Managers, Branch or Department:

Indicates preferred colleges

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Skills

People in this career often have these skills:

  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience.

Knowledge

People in this career often know a lot about:

  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.

Abilities

People in this career often have talent in:

  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Problem Sensitivity - The ability to tell when something is wrong or is likely to go wrong. It does not involve solving the problem, only recognizing there is a problem.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
  • Speech Recognition - The ability to identify and understand the speech of another person.

Activities: what you might do in a day

People in this career often do these activities:

  • Analyze financial records to improve budgeting or planning.
  • Approve expenditures.
  • Direct financial operations.
  • Establish interpersonal business relationships to facilitate work activities.
  • Supervise employees.
  • Monitor flow of cash or other resources.

This page includes data from:

O*NET OnLine Career data: O*NET 24.0 Database by the U.S. Department of Labor, Employment and Training Administration (“USDOL/ETA”). Used under the CC BY 4.0 license. O*NET® is a trademark of USDOL/ETA

Occupation statistics: USDOL U.S. Bureau of Labor Statistics Occupational Employment Statistics

careeronestop logo Videos: CareerOneStop, USDOL/ETA and the Minnesota Department of Employment & Economic Development

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