Financial Managers

7.4/10 job score
AUTOMATION RISK
65%
risk level
POLLING
GROWTH
16.8%
by 2031
WAGES
$131,710
or $63.32 hourly
VOLUME
681,070
as of 2021

What is the risk of automation?

We calculate this occupation to have an automation risk score of 65% (Robots are watching)

More information on what this score is, and how it is calculated
Qualities required for this occupation:
Social Perceptiveness
Persuasion
Negotiation
Key
very important
quite important
[Show all metrics]

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 16.8% by 2031
'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 2021 and 2031.
Updated projections are due Sep 2023.

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

In 2021 the median annual wage for 'Financial Managers' was $131,710, or $63.32 hourly
'Financial Managers' are paid 187.8% higher than the national median wage, which stands at $45,760
* Data from the Bureau of Labor Statistics

How many people are employed as financial managers?

As of 2021 there were 681,070 people employed as Financial Managers within the United States.
This represents around 0.48% of the employed workforce across the country.
Put another way, around 1 in 206 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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Comments

Voter 325 (Likely) says
I think it will be. Because AI is growing up so fast.
Apr 17, 2021 at 04:14 PM
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
Paul Whitmore says
If only robots give Financial Advice, then the competitive edge to Finance will be lost, as a consequence, little to any financial gains will be made by most companies, and individuals. Finance requires the human element along with Data and Decision Science for entities to profit or to remain financially viable.
Jun 16, 2021 at 09:40 AM
David says
Finance is a weird profession now, the tools for people to do their own retirement funds are basically all free and available.

If you want to buy just FAANG stocks and hold them 20 years you'll probably be fine. What people are missing though is that stocks do not = ALL financial decisions.

The intelligence it takes to mix different things together to keep risk/reward at a good balance to achieve peoples specific goals and the decision making to choose the exact financial instruments for this moment in time cannot be generically automated, there are too many variables.

Financial analyst/advisor are heavy decision making jobs that require a certain knack computers just don't have and will never have.
Jul 11, 2021 at 05:48 AM

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