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Financial Manager

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AVG. SALARY

$118,020

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EDUCATION

Bachelor's degree or higher +

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JOB OUTLOOK

Stable

What They Do

Financial Managers, Branch or Department Career Video

Directs and coordinates financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.

This career is part of the Finance cluster Business Finance pathway.

A person in this career:

  • Plans, directs, or coordinates the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
  • Establishes and maintains relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Recruits staff members.
  • Prepares operational or risk reports for management analysis.
  • Evaluates data pertaining to costs to plan budgets.
  • Oversees training programs.
  • Examines, evaluates, or processes loan applications.
  • Approves, rejects, or coordinates the approval or rejection of lines of credit or commercial, real estate, or personal loans.
  • Oversees the flow of cash or financial instruments.
  • Prepares financial or regulatory reports required by laws, regulations, or boards of directors.

Working Conditions and Physical Demands

People who do this job report that:

  • You would sit most of the time. There's some walking and standing. You may have to lift and carry things like books, papers or tools weighing 10 lbs. or less.
  • Work in this occupation requires being inside most of the time
  • Work in this occupation involves sitting more than one-third of the time

Working in this career involves (physical activities):

  • Seeing clearly up close
  • Speaking clearly enough to be able to be understood by others
  • Identifying and understanding the speech of another person

Work Hours and Travel

  • Overtime work

Specialty and Similar Careers

Careers that are more detailed or close to this career:

  • Assistant Manager
  • Assistant Vice President (AVP)
  • Banking Center Manager (BCM)
  • Banking Officer
  • Branch Manager
  • Credit Administration Manager
  • Financial Center Manager
  • Regional Manager
  • Service Center Manager
  • Vice President