FAQ
Financial Manager FAQ
Answers to the most common questions about working as a financial manager.
Straight answers to the questions people ask most about becoming a financial manager: pay, training time, degrees, certifications and whether it’s a good career.
9 questions about financial managers
Do financial managers need a CPA?
Not always, but it’s common for controllers.
Is this job growing?
Yes, BLS projects faster than average growth.
What’s the difference between a controller and CFO?
Controllers run accounting; CFOs lead overall finance strategy.
How much does a financial manager make?
The median annual wage for financial managers was $166,570 ($80.08 per hour) in May 2025, according to the U.S. Bureau of Labor Statistics. The lowest 10% earned less than $94,310 and the highest 10% earned more than $323,270.
How long does it take to become a financial manager?
Most people need about 5+ years of experience of training. A bachelor’s degree in finance, accounting or economics is typical, often with a CPA or MBA.
Do you need a degree to be a financial manager?
Usually, yes. BLS lists a bachelor's degree as the typical entry-level education, although skills, certifications and experience can sometimes substitute.
Is financial manager a good career?
It can be, depending on your goals. Employment is projected to change +9.7% from 2025–35 (much faster than average), with about 65,600 openings each year. Upsides include high pay; a common challenge is that deadline pressure.
What skills does a financial manager need?
Key technical skills include financial reporting, budgeting and forecasting, cash management, and accounting standards. Employers also value leadership, integrity, and communication.
What certifications are available for financial managers?
Common credentials include CPA, CFA, CMA, and MBA. Requirements vary by state and employer.
Still deciding?
Try the Financial Manager fit quiz, compare with Accountant, or explore Financial Manager training.
Sources
- U.S. Bureau of Labor Statistics, BLS Occupational Employment and Wage Statistics (OEWS), May 2025, SOC 11-3031 (Financial managers).
- U.S. Bureau of Labor Statistics, BLS Employment Projections, Table 1.2 (2025–35).
- O*NET OnLine summary for Financial managers (U.S. Department of Labor).
- BLS Occupational Outlook Handbook.
Reviewed by the Career Education Institute Curriculum Team. Pay figures are national estimates; local pay varies. See our editorial policy.