Financial managers and directors plan, organise, direct and co-ordinate financial information and advise on company financial policy.

Tasks

  • Ensures compliance with accounting, recording and information storage, retrieval procedures and the statutory regulatory framework.
  • Plans, organises, directs and co-ordinates the activities of financial institutions .
  • Assesses and advises on factors affecting business performance.
  • Determines staffing levels appropriate for accounting activities.
  • Plans external and internal audit programmes, arranges for the collection and analysis of accounting, budgetary and related information, and manages the company’s financial systems.
  • Participates in the formulation of strategic and long-term business plans, assesses the implications for the organisation financial mechanisms and oversees their implementation.

Typical Education Level

Honours, Bachelor's degree

Will retirement created job openings

In the UK, 24% in this profession are aged 55 or above.* They will likely retire in the next 10 years, creating a demand for new workers

*This is based on national data

£48,150 Average wage

Average annual earnings

The current average wage for financial manager or director is £48,150

11,761 positions

Current Employment

The number of jobs in the career for the current year is 11,761. Job counts include both employed and self-employed persons, and do not distinguish between full- and part-time jobs.

jobs

Job Postings

Over the past year, jobs have been posted for financial manager or director roles.

How well does it pay?

Normal pay for this occupation is £48,150 per year. That is about £4,013 per month or £24.69 per hour. New workers generally start on £19,454, while highly experienced workers can earn as much as £136,498

Is it growing or declining?

This career has remained the same over the last 2 years, and is expected to remain the same over the next 4 years. Currently, 11,761 people are employed in the region.

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