With a national median of $166,570 and +9.7% projected job growth through 2035, Financial Manager offers both strong financial return and stable long-term demand.
This page sets out what the federal data says about working as a financial manager: what the job pays, how fast it is growing, and what it takes to get in. Most people arrive through a degree in Business Administration and what it leads to, though it is not the only route.
Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
Also known as:
Most financial managers take home around $166,570 a year, well above what most college graduates make. Half earn somewhere between $125,490 and $219,980, so where you land depends a lot on employer, specialty and city. Worth weighing against how long the training takes. Source: BLS.
A wage on its own says nothing about whether the degree behind it pays for itself, which is a question of lifetime earnings set against the total cost of getting there.
Well above average for college graduates.
25th to 75th percentile. Most workers earn within this band.
The mean wage for this occupation is $186,910, above the median. A concentration of very high earners pulls the average up. The median is the better gauge of typical pay.
This is what the job actually looks like on a Tuesday: 5 core activities and 5 skills the work depends on. Read it before the salary, because pay matters less than whether you would want to spend your days doing this. Source: O*NET.
Leadership, influence, and business acumen are rewarded here, where managing teams, driving decisions, or persuading others shapes career outcomes.
Leadership, influence, and business acumen are rewarded here, where managing teams, driving decisions, or persuading others shapes career outcomes.
Leadership, influence, and business acumen are rewarded here, where managing teams, driving decisions, or persuading others shapes career outcomes.
What the physical and mental conditions of this job actually look like day to day, based on O*NET Work Context data collected from people working in this occupation.
Split between indoor and outdoor or field settings.
Mix of sitting and movement throughout the day.
High time pressure and significant consequences for errors. Deadline-driven or high-stakes decisions are common.
Through 2035 the BLS expects this field to change by +9.7%, meaning it is growing faster than most occupations, so jobs should be easier to find over time. Around 65,600 roles open up each year, which is the number that matters most if you are starting out. Source: BLS.
Growth rates are only meaningful next to other occupations, and the full list of careers with their projected growth puts this one in context.
Faster than average.
New positions plus replacements for retirees and career-changers.
Total US employment as of BLS May 2025.
Source: BLS Employment Projections 2025–2035 and Occupational Employment and Wage Statistics May 2025.
The five states below employ the most Financial Manager professionals nationwide. State-level wages can differ significantly from the $166,570 national median. Research your specific market before committing to a program.
| # | State | Jobs | Median Wage | vs. National |
|---|---|---|---|---|
| 1 | California | 93,310 | $180,770 | +8.5% |
| 2 | New York | 80,810 | $219,880 | +32.0% |
| 3 | Texas | 71,870 | $164,860 | -1.0% |
| 4 | Illinois | 52,720 | $165,880 | -0.4% |
| 5 | Florida | 48,910 | $153,280 | -8.0% |
Source: BLS Occupational Employment and Wage Statistics, May 2025. Employment figures rounded. Read our methodology →
To get hired here you will usually need a bachelor's degree. The 5 programs below are the most common routes in, ordered by how many people actually graduate from each one.
The next most common path is an Accounting program and the colleges offering it, which suits a different kind of applicant.
These positions typically require a bachelor's degree and several years of related experience before advancing into senior roles.
| # | Program | Graduates/yr | 4yr Median | Colleges |
|---|---|---|---|---|
| 1 | Business Administration | 395,227 | $68,257 | 2,611 |
| 2 | Accounting | 84,760 | $76,194 | 2,112 |
| 3 | Finance | 58,013 | $83,343 | 949 |
| 4 | Data Analytics | 7,294 | — | 292 |
| 5 | Accounting and Computer Science | 55 | — | 13 |
Colleges offering the degree programs that lead to this career, ranked by UCD Score. A strong program plus solid outcomes is a good place to begin your search.
| # | College | UCD Score | Net Price | Salary 10yr |
|---|---|---|---|---|
| 1 | United States Coast Guard Academy New London, CT | 96 | — | — |
| 2 | United States Air Force Academy USAF Academy, CO | 96 | — | — |
| 3 | United States Military Academy West Point, NY | 96 | — | — |
| 4 | CUNY Bernard M Baruch College New York, NY | 93 | $3,033 | $75,971 |
| 5 | University of California-Los Angeles Los Angeles, CA | 93 | $12,548 | $82,511 |
| 6 | University of California-Berkeley Berkeley, CA | 93 | $13,481 | $92,446 |
Once you've sized up Financial Manager, these tools turn the numbers into a plan. Estimate the real cost of a degree that leads here, weigh the long-term payoff, compare specific colleges side-by-side, and find programs that match your profile.
See if the degree that leads to Financial Manager pays off. Weighs each college's cost against the earnings graduates see.
Enter a budget and see the colleges whose net price fits, with the out-of-pocket cost and likely loan load for each.
Put any 2–4 colleges side-by-side. Admissions, cost, outcomes, and earnings, all on one screen, no tab-hopping.
Answer six quick questions and see your best-fit colleges ranked by budget, field of study, and what matters most to you.
Strong earnings and growing demand make Financial Manager a compelling path. The 4 strengths and 1 trade-offs below are drawn from BLS wage data and employment projections.
Air traffic controllers earn more than the typical bachelor's-degree career, with an associate degree. The occupations that pay six figures without four years of college.
Group every career by the degree it requires and master's-level jobs pay a median of about $91,000, statistically tied with bachelor's-level work. The premium hides in a few fields.
Only 106 of 393 federal careers both pay a median above $80,000 and grow faster than the typical job. Here is the rare set that clears both bars.
Browse our full directory: every college, major, program, and career we track, all built from verified government data.
Scout uses AI and can make mistakes. Verify important numbers on the page.
