Treasurers and Controllers

General Information

Description

Direct financial activities, such as planning, procurement, and investments for all or part of an organization.

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Job Outlook

Employment of financial managers is projected to grow 15 percent from 2019 to 2029, much faster than the average for all occupations. However, growth will vary by industry. Services provided by financial managers, such as planning, directing, and coordinating investments, are likely to stay in demand as the economy grows. In addition, several specialties within financial management, particularly cash management and risk management, are expected to be in high demand over the decade. In recent years, companies have accumulated more cash on their balance sheets, particularly among those with operations in foreign countries. As globalization continues, this trend is likely to persist. This should lead to demand for financial managers, as companies will need expertise in managing cash. There has been an increased emphasis on risk management within the financial industry, and this trend is expected to continue. Banking institutions are expected to emphasize stability and managing risk over profits. This is expected to lead to employment growth for risk managers. The credit intermediation and related activities industry (which includes commercial and savings banks) employs a large percentage of financial managers. As bank customers continue to conduct transactions online, the number of bank branches is expected to decline, which should limit employment growth in this sector. However, employment declines are expected to mainly affect clerical occupations, such as tellers, rather than financial managers. From 2019 to 2029, employment of financial managers is projected to grow 17 percent in this industry.

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Salary

Average Salary

Salary

$129,890

State-by-state Salary

Gray states indicate no data available

$197,080
$70,610
No Information for this section

Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 56%
  • Master's degree 32%
  • Associate's degree 4%
  • Post baccalaureate 4%
  • First professional degree 4%
  • High school 0%
  • Some college 0%
  • Doctoral degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • Post-secondary certificate 0%

Knowledge

  • Economics and Accounting
  • Administration and Management
  • Mathematics
  • English Language
  • Personnel and Human Resources

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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