What they do
|
Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.
|
| |
| Also called: |
|
Fixed Income Portfolio Manager, Fixed Income Vice President (Fixed Income VP), Investment Analysis Vice President (Investment Analysis VP), Portfolio Manager
|
| |
|
|
|
| |
Wages
|
|
| 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 |
|
| Average |
$ 63.65 |
$132,390 |
| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which wage information is not available. |
| 1 What are Percentile Wages? |
|
| More at CareerOneStop |
|
| | |
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 "Investment Fund Managers" for which industries of employment information is not available. |
| More at BLS |
|
|
| |
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.
|
- English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
|
- 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.
|
- 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.
|
| More at O*NET |
|
|
| |
Skills
| People in this career often have these skills: |
- 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.
|
- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
|
- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
|
- Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
|
- Speaking
Talking to others to convey information effectively.
|
| More at O*NET |
|
|
| |
Interests
| People in this career often prefer these work environments: |
- 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.
|
- 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.
|
| What are your interests? Take the O*NET Interest Profiler |
|
|
| |
Work Styles
| People in this career will do well at jobs that need: |
- Integrity
Job requires being honest and ethical.
|
- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
|
- Stress Tolerance
Job requires accepting criticism and dealing calmly and effectively with high-stress situations.
|
- Achievement/Effort
Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
|
- Persistence
Job requires persistence in the face of obstacles.
|
| More at O*NET |
|
|
| |
Tasks
| On the job, you would: |
- Manage investment funds to maximize return on client investments.
|
- Select specific investments or investment mixes for purchase by an investment fund.
|
- Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
|
- Select or direct the execution of trades.
|
- Develop or implement fund investment policies or strategies.
|
| More at O*NET |
|
|
| |
| Related Occupations
|
| |
|
|
| Career Video
|
| |
Projected Employment
|
|
| 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 "Investment Fund Managers" for which projected employment information is not available. |
| More at Occupational Projections |
|
| | |
Education and Experience:
| Financial Managers* |
- Typical education needed for entry
Bachelor's degree
|
- Work experience in a related occupation
5 years or more
|
- Typical on-the-job training needed to attain competency
None
|
| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which education and experience information is not available. |
| Based on BLS Education and Training Classifications |
|
|
| |
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
|
- Level of activity is Very Low
|
|
|
| Low |  | High |
|
|
|
| Compare Occupations at O*NET |
|
|
| |
Job Zone
| Extensive Preparation Needed |
- Specific Vocational Preparation Range
(8.0 and above) - A typical worker will require
over 4 years up to and including 10 years or more
of training to achieve average performance in this occupation.
|
| Based on O*Net Job Zones and SVP |
|
|
| |
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 | | 63% |
| Bachelor's degree | | 33% |
| Associate's degree | | 0% |
Certificate or some college,
no degree | | 0% |
High school diploma
or equivalent | | 0% |
| Less than high school diploma | | 0% |
| More at O*NET |
|
|
| |
Abilities
| People in this career often have talent in: |
- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
|
- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
|
- Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
|
- Written Comprehension
The ability to read and understand information and ideas presented in writing.
|
- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
|
| More at O*NET |
|
|
| |
Work Activities
| In general, what you might do: |
- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
|
- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
|
- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
|
- Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
|
- Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
|
| More at O*NET |
|
|
| |
Detailed Work Activities
| What you might do in a day: |
- Direct financial operations.
|
- Monitor financial activities.
|
- Monitor financial indicators.
|
|
- Develop organizational policies or programs.
|
| More at O*NET |
|
|
| |
Other Resources
|
- CareerOneStop
resource for job seekers, students, businessess and career professionals
|
- O*NET Online
nation's primary source of occupational information
|
|
|
|
|
| |
|
