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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.

All Industry Projections for this Occupation

SOC
Code
Title Employment Change Annual Average Openings Typical education needed for entry
2014 2024 Level Percent Total Growth Replace-
ments
113031  Financial Managers 24,264 25,533 1,269 5.23 % 702 127 575 Bachelor's degree 

Industry Projections for this Occupation

CSV of this data
Projection Table Definitions and Notes
Industry 2014
Employment
Projected 2024 Employment Change
2014-2024
2016
Mean Annual OES Wage
Number Percent Distribution Number Percent Distribution Number Percent
Finance and Insurance    7,950  33 % 8,400  33 % 450  6 % $131,340
Credit Intermediation and Related Activities    5,010  21 % 5,380  21 % 370  7 % $100,780
Professional, Scientific, and Technical Services    3,550  15 % 3,760  15 % 210  6 % $166,210
Professional, Scientific, and Technical Services    3,550  15 % 3,760  15 % 210  6 % $166,210
Management of Companies and Enterprises    1,940  8 % 2,020  8 % 80  4 % $146,510
Management of Companies and Enterprises    1,940  8 % 2,020  8 % 80  4 % $146,510
Securities, Commodity Contracts, and Other Financial Investm    1,620  7 % 1,680  7 % 60  4 % $190,670
Insurance Carriers and Related Activities    1,290  5 % 1,310  5 % 20  1 % $154,410
Educational Services    1,290  5 % 1,390  5 % 100  7 % $119,120
Educational Services    1,290  5 % 1,390  5 % 100  7 % $119,120
Health Care and Social Assistance    1,270  5 % 1,470  6 % 200  16 % $121,210
Information    840  3 % 880  3 % 40  5 % $172,260
Wholesale Trade    790  3 % 800  3 % 10  2 % $151,470
Computer and Electronic Product Manufacturing    560  2 % 510  2 % -50  -10 % $140,820
Hospitals    520  2 % 590  2 % 70  13 % $142,770
Publishing Industries (except Internet)    500  2 % 520  2 % 20  3 % $164,000
Construction    490  2 % 510  2 % 20  5 % $140,280
Administrative and Support and Waste Management and Remediat    430  2 % 470  2 % 40  8 % $155,100
Real Estate and Rental and Leasing    430  2 % 470  2 % 40  8 % $161,530
Other Services (except Government)    420  2 % 450  2 % 30  7 % $93,330
Administrative and Support Services    380  2 % 420  2 % 40  9 % $159,710
Social Assistance    370  2 % 430  2 % 60  14 % $107,180
State Government, Excluding Education and Hospitals    360  2 % 360  1 % 0  -1 % $101,650
Real Estate    360  1 % 390  2 % 30  8 % $163,910
Merchant Wholesalers, Durable Goods    330  1 % 330  1 % 0  -1 % $156,750
Religious, Grantmaking, Civic, Professional, and Similar Org    290  1 % 310  1 % 20  8 % $85,970
Merchant Wholesalers, Nondurable Goods    270  1 % 280  1 % 10  4 % $148,150
Specialty Trade Contractors    260  1 % 280  1 % 20  6 % $143,770
Ambulatory Health Care Services    250  1 % 320  1 % 70  28 % $109,830
Accommodation and Food Services    230  1 % 250  1 % 20  6 % $158,980
Fabricated Metal Product Manufacturing    210  1 % 210  1 % 0  1 % $119,460
Wholesale Electronic Markets and Agents and Brokers    190  1 % 200  1 % 10  6 % $145,200
Machinery Manufacturing    180  1 % 160  1 % -20  -12 % $126,140
Motor Vehicle and Parts Dealers    180  1 % 200  1 % 20  9 % $107,320
Miscellaneous Manufacturing    150  1 % 140  1 % -10  -5 % $155,200
Chemical Manufacturing    150  1 % 150  1 % 0  3 % $125,400
Construction of Buildings    140  1 % 150  1 % 10  7 % $140,200
Other Information Services    140  1 % 160  1 % 20  9 % $175,110
Nursing and Residential Care Facilities    130  1 % 140  1 % 10  8 % $129,600
Arts, Entertainment, and Recreation    120  0 % 130  0 % 10  7 % $130,770
Accommodation, including Hotels and Motels    100  0 % 110  0 % 10  7 % $131,980
Massachusetts Department of Unemployment Assistance
Department Economic Research
This workforce product was funded by a grant awarded by the U.S. Department of Labor's Employment and Training Administration. (more...)