Financial Managers

Military Career

General Information

Description

Financial managers direct and coordinate financial management functions and serve as advisors to leadership on all matters pertaining to programming/budgeting, finance and accounting, and cost analysis. They perform managerial operations, including the establishment of performance standards and priorities for personnel, and security requirements for safeguarding assets. They are responsible for the management of financial operations and for providing advice on effective use and redistribution of resources within fund limitations.

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Work Environment

Financial managers work primarily in offices.

Workplace at a Glance

What you can expect to experience while on the job

  • Responsibility
  • Exposure to job hazards
  • Physical activity
  • Decision making
  • Repetitiveness
  • Level of competition
  • Time pressure

Comparable Industries

  • Credit Intermediation and Related Activities (5221 And 5223 only)
  • Management of Companies and Enterprises
  • Securities, Commodity Contracts, and Other Financial Investments and Related Activities

Related Military Careers

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Military Outlook

Service Branches

Jobs in this career field may be available in other service branches. Call or email a particular branch for more info.

  • Army
  • Marine Corps
  • Navy
  • Air Force
  • Coast Guard

Military Status

  • Officer
    • Managerial/professional
    • College degree required

Military Workforce

Financial Managers in the Military

1,484

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Salary

Average Salary

$114,900

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Education

Most Common Education Levels

People in this career achieve this level of education.

  • Bachelor's degree 50%
  • High school 16%
  • Master's degree 13%
  • Some college 7%
  • Post baccalaureate 6%
  • Associate's degree 3%
  • Post-secondary certificate 1%
  • Doctoral degree 0%
  • Less than high school 0%
  • Post-doctoral training 0%
  • Post-master's certificate 0%
  • First professional degree 0%

Military training

Officers typically enter the Military after they have completed a four-year college degree; enlisted service members can transition to officer positions through a variety of pathways and earn a degree while serving. Financial managers may have an education in accounting, finance, or a related field. Job training for financial managers consists of classroom and on-the-job learning in various training environments. Like other officers, they complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development. Job-specific training content may include: Financial management techniques, including budget preparation and reviewMilitary finance and resource managementGovernment accounting and budgeting systemsPersonnel management and evaluationAccounting and auditing Effective allocation of scarce resources

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Knowledge

  • Administration and Management
  • Economics and Accounting
  • Mathematics
  • English Language
  • Customer and Personal Service

Skills at a Glance

Skills helpful in this career

  • Verbal skills
  • Critical thinking & problem solving
  • Equipment operation & maintenance
  • Math & science skills
  • Technology design & control
  • Leadership
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