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Occupational Employment Statistics


DETAILED OCCUPATION DATA

11-3031 Financial Managers



Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.

Geography Click link for Career Profile EmploymentEmp SE*Percentiles
Mean10th25thMedian75th90th
Minnesota 16,400656$81.42/hr$45.23/hr$56.55/hr$74.37/hr$99.49/hr>$100/hr


IndustryOES Employment (Statewide)OES Median Wage (Statewide)
Natural Resources and MiningN/AN/A
Construction330$66.84/hr
Manufacturing1,610$81.38/hr
Trade, Transportation and Utilities1,750$68.11/hr
Information300$75.59/hr
Financial Activities5,700$76.11/hr
Professional and Business Services4,130$82.69/hr
Education and Health Services1,340$55.08/hr
Leisure and Hospitality200$58.33/hr
Other Services240$60.43/hr
Public Administration800$62.26/hr
 
Geography Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Northeast Balance of State 150$53.42/hrN/A
Mankato-North Mankato MN MSA 180$61.70/hrN/A
Grand Forks ND-MN MSA 190$62.33/hrN/A
La Crosse WI-MN MSA 270$62.29/hrN/A
Rochester MN MSA 390$64.42/hrN/A
Duluth MN-WI MSA 440$61.82/hrN/A
Southwest Balance of State 440$55.61/hrN/A
St Cloud MN MSA 500$65.70/hrN/A
Northeast Minnesota 510$59.15/hr14.9%
Southeast Balance of State 530$62.20/hrN/A
Southwest Minnesota 640$57.48/hr13.7%
Northwest Balance of State 670$54.39/hrN/A
Northwest Minnesota 780$55.59/hr15.2%
Southeast Minnesota 800$63.88/hr15.7%
Fargo ND-MN MSA 820$65.79/hrN/A
Central Minnesota 1,080$63.94/hr18.0%
Seven County Mpls-St Paul, MN 11,870$79.79/hr16.4%
Minneapolis-St Paul-Bloomington MN-WI MSA 12,430$79.48/hrN/A
Minnesota 16,400$74.37/hr16.3%


Occupations Click link for details EmploymentMedian WageProjections
% Change 2022-2032
Accountants and Auditors 30,370$38.52/hr5.6%
Financial Specialists, All Other 1,050$38.99/hr6.3%
Financial Examiners 1,950$43.11/hr20.8%
Securities, Commodities, and Financial Services Sales Agents 7,830$36.43/hr6.2%
Budget Analysts 300$41.91/hr3.6%
Compensation and Benefits Managers 280$68.09/hr1.3%
Credit Analysts 1,660$37.42/hr-4.6%
Personal Financial Advisors 6,020$48.72/hr12.3%
First-Line Supervisors of Non-Retail Sales Workers 2,720$39.24/hr-1.9%
Loan Interviewers and Clerks 4,320$24.06/hr-3.2%


  • Oversee the flow of cash or financial instruments.
  • Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  • Receive cash and checks and make deposits.
  • Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
  • Manage investment funds to maximize return on client investments.
  • Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
  • Develop or analyze information to assess the current or future financial status of firms.
  • 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.
  • Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
  • Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.