Financial Managers

8.3/10 job score
risk level
by 2030
or $64.50 hourly
as of 2020

What is the risk of automation?

We calculate this occupation to have an automation risk score of 6% (Totally Safe)

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Qualities required for this occupation:
Social Perceptiveness
very important
quite important
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What do you think the risk of automation is?

How likely do you think this occupation will be taken over by robots/AI within the next 20 years?

How quickly is this occupation growing?

The number of 'Financial Managers' job openings is expected to rise 17.3% by 2030
'Financial Managers' is expected to be a very fast growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2020 and 2030.
Updated projections are due Sep 2022.

What are the median wages for 'Financial Managers' in the United States?

In 2020 the median annual wage for 'Financial Managers' was $134,180, or $64.50 hourly
'Financial Managers' are paid 219.9% higher than the national median wage, which stands at $41,950
* Data from the Bureau of Labor Statistics

How many people are employed as financial managers?

As of 2020 there were 653,080 people employed as Financial Managers within the United States.
This represents around 0.47% of the employed workforce across the country.
Put another way, around 1 in 212 people are employed as Financial Managers.

Job description

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

SOC Code: 11-3031.00

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Zach says
@Casey kerr -- Finance Managers are business managers at corporations. They don't give financial advice to individuals. It's likely that financial advisors' jobs will change a great deal as new technologies emerge that make it easier for people to make investment decisions with machine guidance, but Finance Managers will likely remain. Someone needs to hold the checkbook and manage the budget. Someone needs to be there to decide whether to sign off on projects or not. If tasks like these are handed to robots, it will only be after sufficient technological advances that make humans obsolete in these functions. At that time, the world will look much, much different. This will be one of the later jobs to fall off.
Sep 07, 2020 at 10:48 PM
Casey kerr (Highly likely) says
Dude people shouldn't be giving financial advice. Only robots.
Nov 29, 2019 at 06:08 AM
Bill Williams says
Finance is a very competitive field.

If only robots gave financial advice, the financial competitiveness of most firms would only be limited to the specs of the robot they employed rather than the prevailing market conditions. Prevailing Market Conditions might become more unpredictable when persons using Artificial Intelligence are trying a gain a competitive edge over firms employing Artificial Intelligence only. Therefore, the firms which end up hiring a combination of tools, both human beings and artificial intelligence, will be the more successful at predicting market trends and profiting from lucrative trades and/or investments.
Oct 27, 2020 at 08:52 AM

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