Financial Managers
Also called: Banking Center Manager (BCM), Branch Manager, Credit Administration Manager, Financial Center ManagerPlan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment.
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What the data says: AI could halve the time on 14 of its 17 tasks, yet jobs are projected to grow 9.7% by 2035. In the most exposed occupations, the squeeze shows up first among early-career workers. How to think about this →
About this projection
BLS builds AI into its projections where the research supports it: “BLS generally applies adjustments based on this research conservatively, where there is convincing evidence for a change.”
It also notes a limit: “BLS projection methods are not designed to capture extremely rapid technological change.”
On its AI exposure groups, BLS says exposure “does not imply job loss.”
BLS figures cover the broader occupation “Financial managers”, which includes this one and others.
Recent conditions
- In 2024, 2.0% of people in this work were unemployed, against 3.8% across all occupations Census ACS 2024
- From Sep 2025 to Aug 2026, 4.3 hires for every 10 job openings in finance and insurance, which employs about 32% of people in this work, against 7.3 across all industries BLS JOLTS
One box per opening, filled for each hire; hires beyond the openings are added in a lighter shade. Higher can mean openings get filled, or that people leave often; lower, that jobs go unfilled, or hiring is slow.4.3 this industry7.3 all industries
Median pay by state BLS OEWS May 2025, state estimates
Tap a state for its figures.
Median pay in every state
| State | Median | Middle half earn | Jobs |
|---|---|---|---|
| Alabama | $140,500 | $108,390 to $191,080 | 7,200 |
| Alaska | $127,030 | $102,560 to $163,560 | 2,020 |
| Arizona | $139,830 | $104,250 to $183,860 | 14,900 |
| Arkansas | $116,570 | $82,140 to $168,060 | 7,120 |
| California | $180,770 | $136,030 to $269,990 | 93,310 |
| Colorado | $182,690 | $149,120 to $238,380 | 10,640 |
| Connecticut | $174,830 | $135,540 to $233,210 | 20,040 |
| Delaware | $181,580 | $156,330 to $226,040 | 2,810 |
| District of Columbia | $188,880 | $161,470 to $231,000 | 8,930 |
| Florida | $153,280 | $105,440 to $207,150 | 48,910 |
| Georgia | $166,790 | $126,560 to $215,910 | 21,390 |
| Guam | $80,390 | $63,760 to $105,010 | 380 |
| Hawaii | $134,210 | $103,090 to $167,910 | 3,790 |
| Idaho | $127,210 | $96,210 to $165,780 | 3,120 |
| Illinois | $165,880 | $128,370 to $216,800 | 52,720 |
| Indiana | $135,840 | $101,970 to $183,130 | 12,560 |
| Iowa | $133,320 | $102,130 to $173,660 | 9,130 |
| Kansas | $159,380 | $122,290 to $200,970 | 5,190 |
| Kentucky | $130,650 | $100,190 to $169,680 | 6,630 |
| Louisiana | $126,800 | $99,200 to $168,340 | 7,070 |
| Maine | $133,610 | $104,150 to $172,110 | 3,120 |
| Maryland | $158,750 | $117,640 to $209,550 | 19,770 |
| Massachusetts | $206,760 | $161,870 to $287,520 | 26,150 |
| Michigan | $139,370 | $105,490 to $182,120 | 22,490 |
| Minnesota | $163,410 | $126,580 to $212,250 | 16,680 |
| Mississippi | $111,390 | $79,640 to $155,580 | 3,470 |
| Missouri | $143,460 | $112,650 to $198,110 | 13,330 |
| Montana | $131,060 | $100,770 to $181,260 | 1,510 |
| Nebraska | $140,360 | $108,040 to $177,000 | 5,630 |
| Nevada | $132,490 | $95,990 to $174,550 | 8,090 |
| New Hampshire | $144,730 | $115,390 to $187,240 | 4,330 |
| New Jersey | $199,110 | $162,800 to $279,330 | 32,510 |
| New Mexico | $133,700 | $107,920 to $176,620 | 2,530 |
| New York | $219,880 | $166,410 to $328,210 | 80,810 |
| North Carolina | $166,780 | $129,780 to $223,540 | 22,460 |
| North Dakota | $135,890 | $106,490 to $176,440 | 2,140 |
| Ohio | $140,870 | $107,000 to $192,560 | 27,360 |
| Oklahoma | $132,460 | $96,610 to $179,750 | 6,670 |
| Oregon | $156,460 | $124,190 to $202,730 | 7,610 |
| Pennsylvania | $145,610 | $109,470 to $200,530 | 32,180 |
| Puerto Rico | $90,660 | $71,410 to $127,180 | 3,800 |
| Rhode Island | $166,940 | $131,000 to $218,390 | 2,570 |
| South Carolina | $136,160 | $102,610 to $193,090 | 9,020 |
| South Dakota | $159,700 | $134,980 to $192,530 | 1,000 |
| Tennessee | $141,010 | $107,450 to $194,620 | 17,630 |
| Texas | $164,860 | $127,480 to $214,070 | 71,870 |
| Utah | $150,450 | $116,940 to $190,780 | 8,860 |
| Vermont | $128,690 | $100,480 to $172,530 | 1,790 |
| Virgin Islands | $94,990 | $77,720 to $116,800 | 170 |
| Virginia | $185,220 | $146,320 to $224,130 | 20,850 |
| Washington | $174,840 | $138,450 to $222,240 | 12,930 |
| West Virginia | $113,140 | $82,280 to $153,370 | 2,610 |
| Wisconsin | $139,720 | $106,820 to $178,160 | 15,530 |
| Wyoming | $124,910 | $90,270 to $161,590 | 730 |
Nationally: $166,570. Shades run from the lowest state median to the highest; a territory below that range takes the lightest. How to read this
How AI touches the work
What AI could speed up, task by task, and where people already use it.
AI could halve the time on 14 of its 17 tasks
| AI rating | Its main tasks | Share of Claude conversations May 2026 |
|---|---|---|
| AI + software | Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter. | 0.01% |
| Not much | Recruit staff members. | Not published |
| AI + software | Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments. | Not published |
| AI + software | Oversee the flow of cash or financial instruments. | Not published |
| Not much | Oversee training programs. | Not published |
| AI + software | Evaluate data pertaining to costs to plan budgets. | 0.06% |
See all 17 tasks
| AI alone | Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions. | 0.01% |
| AI + software | Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping. | Not published |
| AI + software | Prepare financial or regulatory reports required by laws, regulations, or boards of directors. | under 0.01% |
| Not much | Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans. | Not published |
| AI + software | Network within communities to find and attract new business. O*NET flags this task's ratings as uncertain | Not published |
| AI + software | Develop or analyze information to assess the current or future financial status of firms. | under 0.01% |
| AI + software | Examine, evaluate, or process loan applications. | Not published |
| AI + software | Review collection reports to determine the status of collections and the amounts of outstanding balances. | 0.01% |
| AI + software | Prepare operational or risk reports for management analysis. | 0.01% |
| AI + software | Communicate with stockholders or other investors to provide information or to raise capital. | Not published |
| AI + software | Review reports of securities transactions or price lists to analyze market conditions. | 0.01% |
Ordered by how important O*NET's respondents rate each task (1 to 5) times the share who say it is part of their job. The ordering is ours. 8 of the 17 have a published share of Claude conversations; “not published” means too few conversations for Anthropic to publish a figure.
Where people already use AI
The tasks above say what AI could speed up. This shows what people are using it for. Its 17 tasks fall under 15 work activities that many occupations share, and Microsoft counted how often each one came up in 200,000 conversations with its Copilot assistant in 2024.
- #12 Explain regulations, policies, or procedures
| Work activity | This occupation's tasks under it | People asked AI for help in 10,000 conversations |
AI did it for them in 10,000 conversations |
|---|---|---|---|
| Analyze business or financial data | |||
| Develop professional relationships or networks | |||
| Manage budgets or finances | |||
| Explain regulations, policies, or procedures | |||
| Advise others on business or operational matters | |||
| Monitor financial data or activities | |||
| Prepare reports of operational or procedural activities | |||
| Prepare legal or regulatory documents |
Show all 15 activities
| Analyze data to improve operations | |||
| Prepare financial documents, reports, or budgets | |||
| Develop organizational policies, systems, or processes | |||
| Direct organizational operations, activities, or procedures | |||
| Perform recruiting or hiring activities | |||
| Supervise personnel activities | |||
| Authorize business activities or transactions |
How people in this work use Claude
What people in this work made with Claude % of conversations
- Data or a spreadsheet23%
- A document or report21%
- An analysis or summary14%
- A chart or visualization8%
- A plan or strategy5%
How they worked with Claude
58% of these conversations were about work. Anthropic Economic Index, May 2026.
How to read this
Work activities come from O*NET, which links every task to the broader activities it involves. Microsoft's figures are for the activity across everyone who used Copilot, not for financial managers specifically. Copilot is a general chat assistant; dedicated coding tools are not included, so programming help is under-counted here. Activities are listed by how many of this occupation's tasks fall under them.
The task ratings say whether AI could halve the time a task takes: on its own (“AI alone”), or with software built on it (“AI + software”). They were made by people in 2023 (Eloundou et al.). Claude's share is the task's share of all Claude.ai conversations in May 2026; Anthropic doesn't publish a task with too few conversations. None of these add up to the BLS exposure group, which combines five research measures.
More in the Guide: task ratings · task order · work activities · Copilot figures · Claude
High exposure doesn't mean fewer jobs
BLS projects most occupations in its two most exposed groups to grow: 141 of 206 rated Very high and 165 of 206 rated High. Each dot is one of the 831 occupations BLS rates.
Career moves into and out of this occupation
From moves between occupations found in online resumes, 2002–2016. Career changes only: a first job after school isn't a move.
Where people moved next
of 535,879 moves out
- 1 General and Operations Managers High +5.0% 10%
- 2 Accountants and Auditors Very high +5.0% 8%
- 3 Management Analysts Very high +10.1% 6%
- 4 Managers, All Other (2010 group) an older group BLS has since split; no exposure group today 6%
- 5 Chief Executives Very high +3.2% 5%
Where people moved in from
of 668,089 moves in
- 1 Accountants and Auditors Very high +5.0% 10%
- 2 General and Operations Managers High +5.0% 8%
- 3 Managers, All Other (2010 group) an older group BLS has since split; no exposure group today 6%
- 4 Management Analysts Very high +10.1% 4%
- 5 Bookkeeping, Accounting, and Auditing Clerks Very high -5.6% 4%
Resumes over-represent younger, white-collar job-seekers and moves into management. Schubert, Stansbury and Taska (resume data).
Education and training for the occupation
O*NET survey of workers in this occupation
- 14% high school
- 5% some college
- 4% associate's
- 56% bachelor's
- 21% post-bachelor's certificate
O*NET 31.0 survey of workers in this occupation · 17 people answered.
Census survey (American Community Survey)
- 1% less than high school
- 11% high school
- 16% some college
- 8% associate's
- 42% bachelor's
- 20% master's
- 2% professional degree
- 1% doctorate
Census ACS 2024, all workers in this occupation · 15,482 people surveyed.
Why the two can differ
O*NET asks about 20 people in each occupation, which makes its shares uncertain, but it reports the exact occupation and counts certificates. The Census survey reaches thousands, but it groups some occupations together and counts degrees only. More in the Guide
Median pay by highest degree full-time, year-round · Census ACS 2024, all workers in this occupation
11 programs, such as Accounting and Computer Science, Financial Analytics and Risk Management.
See all
- Accounting and Computer Science
- Financial Analytics
- Risk Management
- Accounting and Finance
- Accounting and Business/Management
- Finance, General
- International Finance
- Public Finance
- Credit Management
- Financial Risk Management
- Finance and Financial Management Services, Other
Jobs that require a credential BLS Occupational Requirements Survey 2023
30.6% this occupation
45.3% all occupations
| By kind | This occupation | All occupations |
|---|---|---|
| a license | 11.2% | 19.1% |
| a certification | 4.0% | 5.8% |
| an educational certificate | <0.5% | 2.8% |
Share of jobs whose employer requires it. BLS doesn't say which credential. How to read this
Look up certifications, training and licenses U.S. Department of Labor
- Certification Finder ↗ certifications CareerOneStop lists for this occupation
- Training Finder ↗ schools and programs, nationwide; narrow the place there
- License Finder ↗ licenses by state
- Apprenticeship Finder ↗ DOL lists 1 registered apprenticeship in this occupation (Bank Branch Manager). Apprenticeship.gov can't be linked to one occupation, so search for “Financial Managers” there.
These open in a new tab and send only the occupation's public code. More in the Guide
BLS AI exposure categories (Aug 2026) · BLS Employment Projections 2025–35 · O*NET 31.0 · Task ratings: Eloundou et al., Science (2024) · Microsoft "Working with AI" v1.1 · Anthropic Economic Index (2026-06-26) · Schubert, Stansbury and Taska · NCES CIP–SOC · Census ACS 2024 · BLS JOLTS · Brynjolfsson, Chandar and Chen, Stanford (Aug 2026)
See it online, and explore any career: https://www.pathmosaic.com/card/11-3031.00