What they do
Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
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Also called: |
Comptroller, Controller, Corporate Controller, Corporate Treasurer, Regional Controller, School Treasurer, Treasurer, Treasury Consultant
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Wages
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Financial Managers* |
Vermont - 2023 |
Percentile1 | Hourly | Yearly |
10% |
$ 35.33 |
$73,490 |
25% |
$ 43.96 |
$91,440 |
Median |
$ 54.53 |
$113,430 |
75% |
$ 76.49 |
$159,100 |
90% |
$103.43 |
$215,140 |
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Average |
$ 63.65 |
$132,390 |
* You're seeing information for "Financial Managers" because it includes "Treasurers and Controllers" for which wage information is not available. |
1 What are Percentile Wages? |
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More at CareerOneStop |
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Industries of Employment
Financial Managers* |
United States - 2020 |
Industry | Percent of total |
- Credit intermediation and related activities
| 18% |
- Professional, scientific, and technical services
| 15% |
- Management of companies and enterprises
| 11% |
- Insurance carriers and related activities
| 7% |
- Securities, commodity contracts, and other financial investments and related activities
| 6% |
* You're seeing information for "Financial Managers" because it includes "Treasurers and Controllers" for which industries of employment information is not available. |
More at BLS |
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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.
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- English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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- 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.
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- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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- Personnel and Human Resources
Knowledge of principles and procedures for personnel recruitment, selection, training, compensation and benefits, labor relations and negotiation, and personnel information systems.
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Skills
People in this career often have these skills: |
- Complex Problem Solving
Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
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- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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- Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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- Management of Financial Resources
Determining how money will be spent to get the work done, and accounting for these expenditures.
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Interests
People in this career often prefer these work environments: |
- Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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- Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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What are your interests? Take the O*NET Interest Profiler |
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Work Styles
People in this career will do well at jobs that need: |
- Integrity
Job requires being honest and ethical.
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- Attention to Detail
Job requires being careful about detail and thorough in completing work tasks.
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- Dependability
Job requires being reliable, responsible, and dependable, and fulfilling obligations.
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- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
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- Persistence
Job requires persistence in the face of obstacles.
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Tasks
On the job, you would: |
- Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
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- Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
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- Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
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- Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
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- Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
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More at O*NET |
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Related Occupations
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Career Video
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Projected Employment
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Financial Managers* |
Vermont |
2020 employment |
1,355 |
2030 employment |
1,634 |
Annual percent change (compounded) |
1.9% |
Annual projected job openings (due to change and separations) |
134 |
* You're seeing information for "Financial Managers" because it includes "Treasurers and Controllers" for which projected employment information is not available. |
More at Occupational Projections |
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Education and Experience:
Financial Managers* |
- Typical education needed for entry
Bachelor's degree
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- Work experience in a related occupation
5 years or more
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- Typical on-the-job training needed to attain competency
None
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* You're seeing information for "Financial Managers" because it includes "Treasurers and Controllers" for which education and experience information is not available. |
Based on BLS Education and Training Classifications |
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Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials. |
- Physical activity is Seldom Important
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- Level of activity is Very Low
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Low | | High |
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Compare Occupations at O*NET |
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Job Zone
Considerable Preparation Needed |
- Specific Vocational Preparation Range
(7.0 to < 8.0) - A typical worker will require
over 2 years up to and including 4 years
of training to achieve average performance in this occupation.
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Based on O*Net Job Zones and SVP |
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Education Level
How much education do most people in this career have? |
Education level | | Percent of U.S. Workers |
Doctoral or professional degree or post-MA certificate | | 4% |
Master's degree or post-BA certificate | | 36% |
Bachelor's degree | | 56% |
Associate's degree | | 4% |
Certificate or some college, no degree | | 0% |
High school diploma or equivalent | | 0% |
Less than high school diploma | | 0% |
More at O*NET |
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Abilities
People in this career often have talent in: |
- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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- Written Comprehension
The ability to read and understand information and ideas presented in writing.
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- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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- Near Vision
The ability to see details at close range (within a few feet of the observer).
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- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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More at O*NET |
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Work Activities
In general, what you might do: |
- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
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- Communicating with Supervisors, Peers, or Subordinates
Providing information to supervisors, co-workers, and subordinates by telephone, in written form, e-mail, or in person.
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- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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- Communicating with People Outside the Organization
Communicating with people outside the organization, representing the organization to customers, the public, government, and other external sources. This information can be exchanged in person, in writing, or by telephone or e-mail.
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More at O*NET |
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Detailed Work Activities
What you might do in a day: |
- Determine resource needs.
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- Recommend organizational process or policy changes.
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- Direct financial operations.
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- Prepare financial documents, reports, or budgets.
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- Compile operational data.
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More at O*NET |
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Other Resources
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- CareerOneStop
resource for job seekers, students, businessess and career professionals
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- O*NET Online
nation's primary source of occupational information
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