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FINANCIAL MANAGERS

Occupation Description:

Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes �Financial Risk Specialists� (13-2054).

Career Video:

Financial Managers

Specialized Occupations:

Treasurers and Controllers (ONET code: 11-3031.01)

Investment Fund Managers (ONET code: 11-3031.03)


	Occupation Description:

	Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.


	Typical Tasks:

	Manage investment funds to maximize return on client investments. Select specific investments or investment mixes for purchase by an investment fund. Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals. Select or direct the execution of trades. Develop or implement fund investment policies or strategies. Perform or evaluate research, such as detailed company or industry analyses, to inform financial forecasting, decision making, or valuation. Present investment information, such as product risks, fees, or fund performance statistics.


	Knowledge:

	Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.. English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.. Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.. Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.. Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.. Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.. Computers and Electronics - Knowledge of circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming..

Typical Tasks:

Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
Recruit staff members.
Prepare operational or risk reports for management analysis.
Evaluate data pertaining to costs to plan budgets.
Oversee training programs.

Search for Jobs on CareerOneStop:

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Education & Training:

Work experience, plus a bachelor's or higher degree

View Related Programs on Connecticut's Education & Training ConneCTion site

Wage Information:

Region	Average Annual	Average Hourly	Entry Level (hourly)	Mid-Range (hourly)
Statewide	$182,676.00	$87.82	$50.00	$60.10 - $105.70
Bridgeport/Stamford	$205,989.00	$99.04	$53.46	$65.12 - *****
Danbury	$162,087.00	$77.93	$43.63	$51.91 - $91.03
Hartford	$175,424.00	$84.34	$53.49	$63.18 - $101.99
New Haven	$165,160.00	$79.40	$44.18	$51.63 - $94.66
New London/Norwich	$152,991.00	$73.56	$41.45	$48.09 - $84.21
Waterbury	$145,206.00	$69.81	$38.94	$46.23 - $82.61
Torrington	$139,563.00	$67.10	$40.50	$45.20 - $77.64

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Select a town to see its region highlighted in the table above:

Occupation Outlook:

Region	Employment		Average Annual Growth Rate	Average Annual Job Openings
Region	2022	2032	Average Annual Growth Rate	Average Annual Job Openings
State of Connecticut	19,850	22,870	0.1%	1,723

Chart of Growth Rate and Annual Openings

Employment in this occupation is expected to grow more slowly than average, and the number of annual openings will offer limited job opportunities.

Key:

N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821

Similar Occupations:

State of Connecticut Department of Labor - Office of Research, 200 Folly Brook Boulevard, Wethersfield, CT 06109