Mutual Fund Financial Managers
Overview
Introduction
Financial managers are responsible for the financial health of their organizations. Specialties include chief financial officer, financial controller, and treasurer. Approximately 653,600 financial managers are employed in the United States; only a small number of this total work for mutual fund companies or investment advisory firms.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
Chief financial officers in the finance and accounting sector who were employed in New York City earned salaries that ranged from $242,011 to $716,550 in 2020, according to financial recruiter Robert Half Accounting & Finance’s Salary Guide. The median salary was $292,591. The U.S. Department of labor reported that chief executives in all industries earned about $189,600 per year i...
Work Environment
Financial managers work in modern, well-lit offices. They have access to cutting-edge software and other technologies. Some positions may require travel. Finance and accounting management staff typically work more than 40 hours per week. Chief financial officers have a wide variety of responsiblilities, including the success of the business, which can make the job stressful at times.
Outlook
Employment for financial managers (including chief financial officers, treasurers, and controllers) who work with funds, trusts, and other financial vehicles will increase by 16 percent, much faster than the average for all careers, through 2028, according to the U.S. Department of Labor (DOL). Despite this prediction, the DOL says that “jobseekers are likely to face competition becaus...