Career Outlook

Financial Managers

BLS employment projections 2023–2033 · SOC 11-3031

Projected Growth

+14.8%

2023–2033

Annual Openings

74.6

projected/year

Median Salary

$167K

annual (BLS 2025)

Current Employment

841,710

workers (2023)

The Financial Managers career outlook (SOC 11-3031) combines two separate BLS data products: Employment Projections for 2023-2033 trajectory, and Occupational Employment and Wage Statistics from May 2025 for current pay. Projected employment change is +14.8% over the decade, which BLS classifies as faster than average versus the 5% all-occupations baseline. That places it 9.8 percentage points above the national average across all occupations. Annual openings combining growth, retirement replacement, and transfers are projected at 74.6 per year.

Current workforce size for this occupation stands at approximately 841,710 based on the BLS OEWS May 2025 count. Median pay sits at $166,570 per year ($80.08/hr/hour), with a 10th-to-90th percentile spread from $94,310 to $323,270 — enough range that the choice between entry and senior positioning can change total earnings by 2-3× over a career. Typical entry-level credential is Bachelor's degree, with 5 years or more of prior experience generally expected.

Growth projections are directional indicators, not guarantees. BLS revises these every two years based on updated demographic, technology, and policy inputs — the 2023-2033 projections already factor in assumptions about AI adoption, remote-work normalization, demographic aging, energy transition, and post-pandemic industry shifts, but unforeseen disruptions (recessions, breakthrough technologies, policy changes) can reshape 5-year-out numbers. When treating this page as career-decision evidence, pair the growth percentage with annual openings (small occupations growing fast can still offer few actual entry points, while large occupations growing slowly can offer thousands of replacement opportunities), look at the percentile pay band to understand realistic entry and senior compensation, and check whether the credential requirements match your current educational investment. The "Similar Occupations" list below highlights adjacent SOC codes worth considering as comparison anchors or alternative pathways.

Job Growth Projection

+14.8%

Faster than average

vs. national average (5%)

+9.8% above

National avg (5%) Financial Managers (14.8%)

Entry Requirements

Ed

Typical Education

Bachelor's degree

Exp

Work Experience Required

5 years or more

Tr

On-the-Job Training

None

Salary Data (BLS 2025)

Percentile Annual
10th Percentile (Entry) $94,310
25th Percentile $125,490
Median (50th) $166,570
75th Percentile $219,980
90th Percentile (Senior) $323,270
Mean (Average) $186,910

Frequently Asked Questions

Is Financial Managers a growing field?

Financial Managers is projected to grow by 14.8% from 2023 to 2033, which is faster than average. The national average for all occupations is about 5%.

What education is needed to become a Financial Managers?

The typical entry-level education requirement for Financial Managers is: Bachelor's degree. Work experience required: 5 years or more. On-the-job training: None.

How many Financial Managers jobs will be available?

There are approximately 74.6 annual job openings projected for Financial Managers, which includes new positions due to growth plus openings from workers who retire or change occupations.

What is the median salary for a Financial Managers?

The median annual salary for Financial Managers is $166,570 ($80.08/hr), based on BLS OEWS May 2025 data. Half of workers earn more and half earn less than this amount.

Similar Career Paths

Occupations in SOC major group 11 with comparable growth and entry requirements.

Last updated: May 2025 (BLS OEWS annual release). Source: Bureau of Labor Statistics, Employment Projections 2023–2033. Salary data: BLS OEWS May 2025.

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