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FINANCIAL MANAGERS
An Occupation in
 
Occupation Description:
 
  Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
 
Career Video:
  Video Icon  Financial Managers
  Open-captioning or video transcript included for the hearing impaired. Career videos brought to you by CareerOneStop. Copyright © 2017 All Rights Reserved.
 
  Specialized Occupations:
 
 
  * Treasurers and Controllers (ONET code: 11-3031.01)
 
   Financial Managers, Branch or Department (ONET code: 11-3031.02)
 
 
  Occupation Description:
 
  Direct and coordinate 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.
 
 
  Typical Tasks:
 
 
  • Recruit staff members.
  • Oversee training programs.
  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
  • Examine, evaluate, or process loan applications.
  • 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.
  • Oversee the flow of cash or financial instruments.
  • Network within communities to find and attract new business.
 
 
  Skills:
 
 
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action..
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents..
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times..
  • Speaking - Talking to others to convey information effectively..
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems..
  • Writing - Communicating effectively in writing as appropriate for the needs of the audience..
  • Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one..
 
 
  Knowledge:
 
 
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data..
  • 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..
  • 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..
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar..
  • Sales and Marketing - Knowledge of principles and methods for showing, promoting, and selling products or services. This includes marketing strategy and tactics, product demonstration, sales techniques, and sales control systems..
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process..
 
Search for Jobs on CareerOneStop:
 
  Search for Financial Managers Jobs
  Search for Treasurers and Controllers Jobs
  Search for Financial Managers, Branch or Department Jobs
  (Please note that some searches may not produce any results.)
 
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 $150,266.00 $72.25 $81.75 $40.68 - $100.92
Bridgeport/Stamford $189,810.00 $91.25 $99.57 $50.44 - *****
Danbury $124,660.00 $59.94 $66.86 $34.52 - $81.16
Hartford $138,690.00 $66.68 $74.12 $39.96 - $88.05
New Haven $118,541.00 $56.99 $66.28 $34.35 - $78.51
New London/Norwich $127,195.00 $61.15 $69.56 $41.71 - $82.09
Waterbury $115,609.00 $55.58 $65.56 $34.89 - $77.76
Torrington $104,939.00 $50.45 $54.36 $33.05 - $62.86
      
Select a town to see its region Not sure which Region applies to you?
    

 
Occupation Outlook:
 
 
Region Employment Average Annual Growth Rate Average Annual Job Openings
2016 2026
State of Connecticut 15,150 17,810 1.6% 1,462
 
 
Chart of Growth Rate and Annual Openings   Employment in this occupation is expected to grow much faster than average, and the number of annual openings will offer excellent job opportunities.
Key:
  N/A = Not Applicable, ***** = Over $60.00 per hour, ##### = Over $124,821
 
Similar Occupations:
 
 
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