Financial Managers in Connecticut
Want to work as a Financial Managers in Connecticut? Below are the key facts. Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes “Financial Risk Specialists” (13-2054).
What do Financial Managers Make in Connecticut?
For a financial managers working in Connecticut, the typical annual salary is $169,730 per year (or roughly $81.60/hour).
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $102,800 | $49.42 |
| 25th percentile | $131,230 | $63.09 |
| Median (50th) | $169,730 | $81.60 |
| 75th percentile | $219,820 | $105.68 |
| 90th percentile | n/a | n/a |
The location quotient — a measure of how concentrated this occupation is in Connecticut relative to the national average — is 2.26, meaning that financial managers are more concentrated here than the national average.
National Wage Comparison
Nationally, financial managers earn a median of $75,665 per year ($36.38/hour), above the Connecticut median.
Employment Outlook
There are roughly 133,707 financial managers nationwide. In Connecticut alone, approximately 20,200 people work in this role. That’s higher than the typical state, which employs around 7,950 financial managers.
Top Connecticut Metros for Financial Managers
The metro areas below employ the most financial managers in Connecticut.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Hartford-West Hartford-East Hartford, CT | 7,740 | $167,790 |
| Bridgeport-Stamford-Danbury, CT | 7,100 | $188,020 |
| New Haven, CT | 2,000 | $139,990 |
| Waterbury-Shelton, CT | 1,140 | $159,660 |
| Norwich-New London-Willimantic, CT | 660 | $145,390 |
Top States for Financial Managers Employment
These states have the highest employment of financial managers work.
| State | Number Employed |
|---|---|
| California | 96,860 |
| Texas | 67,580 |
| New York | 67,510 |
| Illinois | 53,400 |
| Florida | 47,710 |
| New Jersey | 32,370 |
| Pennsylvania | 31,750 |
| Ohio | 27,920 |
| Massachusetts | 27,690 |
| Georgia | 22,720 |
| North Carolina | 21,170 |
| Virginia | 20,590 |
| Connecticut | 20,200 |
| Maryland | 19,920 |
| Michigan | 19,690 |
| Tennessee | 18,650 |
| Minnesota | 16,520 |
| Arizona | 14,570 |
| Washington | 13,890 |
| Wisconsin | 13,750 |
Highest-Paying States for Financial Managers
The highest-paying states for financial managers.
| State | Annual Median Salary |
|---|---|
| New York | $215,740 |
| New Jersey | $188,750 |
| District of Columbia | $181,210 |
| Massachusetts | $181,170 |
| Delaware | $180,050 |
| California | $174,920 |
| Colorado | $174,840 |
| Washington | $171,300 |
| Virginia | $170,290 |
| Connecticut | $169,730 |
Skills
Top financial managers skills, rated on an importance scale of 0 to 5:
Knowledge Areas
Important knowledge areas for this occupation, rated on an importance scale of 0 to 5:
Abilities
The abilities that matter most for financial managers, rated on an importance scale of 0 to 5:
Daily Tasks
Financial Managers typically:
- Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
- Oversee the flow of cash or financial instruments.
- 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.
- Recruit staff members.
- Evaluate data pertaining to costs to plan budgets.
- Oversee training programs.
- Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
- Communicate with stockholders or other investors to provide information or to raise capital.
- Develop or analyze information to assess the current or future financial status of firms.
- Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
- Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
- Examine, evaluate, or process loan applications.
Work Activities
- Working with Computers
- Establishing and Maintaining Interpersonal Relationships
- Communicating with Supervisors, Peers, or Subordinates
- Processing Information
- Getting Information
- Evaluating Information to Determine Compliance with Standards
- Making Decisions and Solving Problems
- Coaching and Developing Others
- Guiding, Directing, and Motivating Subordinates
- Organizing, Planning, and Prioritizing Work
- Coordinating the Work and Activities of Others
- Analyzing Data or Information
Tools & Technology
Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Alteryx software, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Programs that train for this career include:
- Finance & Financial Management
- Accounting
- Business Administration & Management
- Data Analytics
- Accounting & Computer Science
Featured schools near , edit
Related Careers
Other careers like financial managers include:
- Treasurers and Controllers
- Investment Fund Managers
- Management Analysts
- Accountants and Auditors
- Budget Analysts
- Credit Analysts
Also Known As
ATM Manager (Automated Teller Machine Manager), Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager, Accounts Payable Manager, Accounts Supervisor, Actuarial Manager, Asset Manager, Auditing Manager, Auditor Supervisor, Auto Finance Manager (Automotive Finance Manager), Bank Branch Manager, Bank Manager.
References
- U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
- O*NET Online — https://www.onetonline.org/
- BLS Employment Projections — https://www.bls.gov/emp/
- O*NET-SOC code: 11-3031.00
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