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For Educators: Military Resources
For Educators: Military Resources

Military Financial Managers

Median Salary
81,368
Workforce Count
4,537

Overview

What are the responsibilities of this role?

Financial managers direct and coordinate financial management functions and serve as advisors to leadership in all matters pertaining to programming/budgeting, finance and accounting, and cost analysis. They perform managerial operations, including the establishment of performance standards and priorities for personnel, and security requirements for safeguarding assets. They are responsible for the management of financial operations and for providing advice on the effective use and redistribution of resources within fund limitations.

What is the work environment like?

Financial managers work primarily in offices.

How many people have this role in the Military?

4,537

Compensation

Understanding How Military Pay is More Than Just a Salary

Base pay is the standard income you’ll earn as a service member, providing a stable foundation to start achieving your financial goals.

  • Always fixed based on rank and service time.
  • Distributed monthly.
Learn More About Military Benefits

What is the typical salary range?

Salary by Years of Service

$145,258

2 Years

$77,024

6 Years

$145,258

10+ Years
Median Salary
81,368

Military Details

What Service Branches offer this role?

Learn More About Service Branches

Is this a staff or leadership role?

Enlisted
Officer
Officers are service members who plan, direct operations and manage enlisted personnel, developing a broad range of leadership-related skills.
Learn More About Enlisted and Officer Paths

What does the training for this role entail?

Financial managers may have an education in accounting, finance, or a related field. Job training for financial managers consists of classroom and on-the-job learning in various training environments. Like other officers, they complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development. Job-specific training may include:

  • Financial management techniques, including budget preparation and review
  • Military finance and resource management
  • Government accounting and budgeting systems
  • Personnel management and evaluation
  • Accounting and auditing
  • Effective allocation of scarce resources

Education

What level of education do professionals in this role have?

Education Level

  • Bachelor's degree

    56%

  • Post baccalaureate

    21%

  • High school

    14%

  • Some college

    4%

  • Associate's degree

    3%

Which college majors best prepare you for this role?

  • Finance, General
  • Accounting and Business/Management
  • Accounting and Finance
  • Financial Risk Management
  • Finance and Financial Management Services, Other
  • International Finance
  • Financial Analytics
  • Accounting and Computer Science
  • Risk Management
  • Public Finance

Learn About How Military Can Pay for 100% of your College Degree

The Military has several programs that cover college costs — so you can pursue your education with little to no debt.
Learn More About Paying For College

Skills and Interest

What skills will set you up for success?

Skills

  • Verbal Skills

    High

  • Leadership

    High

  • Math and Science Skills

    High

  • Critical Thinking and Problem Solving

    High

  • Technology Design and Control

    Mid

  • Equipment Operation and Maintenance

    Low

What knowledge is essential to bring to the table?

  • Economics and Accounting
  • Administration and Management
  • Customer and Personal Service
  • Administrative
  • Education and Training

What challenges will you likely face in the workplace?

Workplace

  • Time Pressure

    High

  • Repetitiveness

    High

  • Responsibility

    High

  • Decision Making

    High

  • Level Of Competition

    High

  • Exposure to Job Hazards

    Low

  • Physical Activity

    Low

What personality traits help people thrive in this role?

Enterprising

You love taking risks in business or personal projects — and have the leadership skills to back it up.

Conventional

You like structure, staying organized, and working with systems to get things done efficiently.

RIASEC represents six broad interest areas—Realistic, Investigative, Artistic, Social, Enterprising, and Conventional—helping individuals identify careers that match their skills and preferences.

Take the RIASEC Test