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Financial Managers

in Massachusetts

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

Occupation Projection for Financial Managers

SOC
Code
Title Employment Change Average Annual Typical education needed for entry
2016 2026 Level Percent Exits Transfers Change Openings
113031  Financial Managers 27,121 31,798 4,677 17.24 % 677 1,458 468 2,603 Bachelor's degree 

Financial Managers Projections by Industry

Industry 2016
Employment
Projected 2026 Employment Change
2016-2026
2018
Mean Annual OES Wage
Number Percent Distribution Number Percent Distribution Number Percent
Finance and Insurance    7,790  29 % 8,790  28 % 1,000  13 % $134,220
Professional, Scientific, and Technical Services    5,340  20 % 6,720  21 % 1,380  26 % $183,960
Professional, Scientific, and Technical Services    5,340  20 % 6,720  21 % 1,380  26 % $183,960
Securities, Commodity Contracts, and Other Financial Investm    2,730  10 % 3,100  10 % 370  14 % $194,110
Management of Companies and Enterprises    2,700  10 % 3,190  10 % 490  18 % $163,270
Management of Companies and Enterprises    2,700  10 % 3,190  10 % 490  18 % $163,270
Credit Intermediation and Related Activities    2,500  9 % 2,800  9 % 300  12 % $99,920
Insurance Carriers and Related Activities    2,490  9 % 2,810  9 % 320  13 % $151,680
Educational Services    1,510  6 % 1,890  6 % 380  26 % $123,340
Educational Services    1,510  6 % 1,890  6 % 380  26 % $123,340
Health Care and Social Assistance    1,250  5 % 1,510  5 % 260  21 % $130,770
Wholesale Trade    950  4 % 1,090  3 % 140  14 % $158,840
Information    850  3 % 960  3 % 110  13 % $169,110
Real Estate and Rental and Leasing    620  2 % 740  2 % 120  20 % $148,750
Real Estate    590  2 % 710  2 % 120  20 % $148,960
Administrative and Support and Waste Management and Remediat    530  2 % 670  2 % 140  25 % $173,350
Construction    520  2 % 640  2 % 120  24 % $146,340
Computer and Electronic Product Manufacturing    520  2 % 530  2 % 10  2 % $149,870
State Government, Excluding Education and Hospitals    510  2 % 540  2 % 30  6 % $104,900
Administrative and Support Services    480  2 % 600  2 % 120  25 % $177,660
Publishing Industries (except Internet)    450  2 % 480  2 % 30  6 % $176,110
Merchant Wholesalers, Durable Goods    420  2 % 480  1 % 60  14 % $167,010
Social Assistance    420  2 % 500  2 % 80  18 % $116,090
Hospitals    410  2 % 480  2 % 70  19 % $149,760
Other Services (except Government)    380  1 % 460  1 % 80  21 % $116,340
Merchant Wholesalers, Nondurable Goods    350  1 % 390  1 % 40  13 % $139,710
Religious, Grantmaking, Civic, Professional, and Similar Org    300  1 % 350  1 % 50  20 % $115,140
Ambulatory Health Care Services    290  1 % 370  1 % 80  27 % $132,700
Specialty Trade Contractors    240  1 % 300  1 % 60  25 % $147,100
Miscellaneous Manufacturing    230  1 % 260  1 % 30  11 % $148,960
Construction of Buildings    220  1 % 270  1 % 50  26 % $144,400
Wholesale Electronic Markets and Agents and Brokers    190  1 % 230  1 % 40  17 % $158,320
Chemical Manufacturing    180  1 % 210  1 % 30  12 % $138,570
Motor Vehicle and Parts Dealers    170  1 % 220  1 % 50  24 % $126,480
Arts, Entertainment, and Recreation    170  1 % 210  1 % 40  22 % $133,570
Data Processing, Hosting and Related Services    160  1 % 200  1 % 40  26 % $169,340
Accommodation and Food Services    150  1 % 170  1 % 20  16 % $115,500
Fabricated Metal Product Manufacturing    140  1 % 160  0 % 20  12 % $125,690
Nursing and Residential Care Facilities    130  0 % 160  1 % 30  26 % $112,670
Other Information Services    120  0 % 150  0 % 30  21 % $176,280
Massachusetts Department of Unemployment Assistance
Economic Research
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)