Financial Managers in New Jersey
Considering working as a Financial Managers in New Jersey? Here’s what you need to know. 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 New Jersey?
For financial managers working in New Jersey, the median annual wage is $188,750 per year (or roughly $90.74/hour).
| Wage Statistic | Annual | Hourly |
|---|---|---|
| 10th percentile | $128,690 | $61.87 |
| 25th percentile | $158,610 | $76.26 |
| Median (50th) | $188,750 | $90.74 |
| 75th percentile | n/a | n/a |
| 90th percentile | n/a | n/a |
The job concentration index in New Jersey nationwide is 1.43, 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 New Jersey median.
Employment Outlook
There are roughly 133,707 financial managers across the United States. In New Jersey alone, around 32,370 people work in this role. That’s higher than the typical state, which employs around 7,950 financial managers.
Top New Jersey Metros for Financial Managers
The metro areas below employ the most financial managers in New Jersey.
| Metro Area | Number Employed | Annual Median Salary |
|---|---|---|
| Trenton-Princeton, NJ | 2,320 | $175,290 |
| Atlantic City-Hammonton, NJ | 450 | $146,020 |
| Vineland, NJ | 120 | $166,050 |
Top States for Financial Managers Employment
View the states that employ the most 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
Where financial managers earn the most: 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
Top abilities for financial managers, rated on an importance scale of 0 to 5:
Daily Tasks
Day-to-day, 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
Software and systems commonly involved: Hot technologies: Adobe Acrobat, Alteryx software, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel
What Major Will Prepare You For This Career?
Several college majors map to this occupation:
- Finance & Financial Management
- Accounting
- Business Administration & Management
- Data Analytics
- Accounting & Computer Science
Featured schools near , edit
Related Careers
Related occupations to 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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