What they do
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Plan, direct, or coordinate investment strategy or operations for a large pool of liquid assets supplied by institutional investors or individual investors.
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| Also called: |
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Fixed Income Portfolio Manager, Fixed Income Vice President (Fixed Income VP), Investment Analysis Vice President (Investment Analysis VP), Portfolio Manager
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Wages
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| Financial Managers* |
| Vermont - 2024 |
| Percentile1 | Hourly | Yearly |
| 10% |
$ 38.87 |
$80,850 |
| 25% |
$ 47.69 |
$99,190 |
| Median |
$ 64.29 |
$133,720 |
| 75% |
$ 82.88 |
$172,390 |
| 90% |
$101.04 |
$210,170 |
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| Average |
$ 70.25 |
$146,110 |
| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which wage information is not available. |
| 1 What are Percentile Wages? |
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| More at CareerOneStop |
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Industries of Employment
| Financial Managers* |
| United States - 2022 |
| Industry | Percent of total |
- Credit intermediation and related activities
| 16% |
- Professional, scientific, and technical services
| 14% |
- Management of companies and enterprises
| 10% |
- Insurance carriers and related activities
| 7% |
- Securities, commodity contracts, and other financial investments and related activities
| 7% |
| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which industries of employment information is not available. |
| More at BLS |
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Knowledge
| People in this career often know a lot about: |
- Economics and Accounting
Knowledge of economic and accounting principles and practices, the financial markets, banking, and the analysis and reporting of financial data.
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- English Language
Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
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- Mathematics
Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
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- Customer and Personal Service
Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
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- Administration and Management
Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
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| More at O*NET |
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Skills
| People in this career often have these skills: |
- Active Listening
Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
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- Critical Thinking
Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
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- Reading Comprehension
Understanding written sentences and paragraphs in work-related documents.
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- Judgment and Decision Making
Considering the relative costs and benefits of potential actions to choose the most appropriate one.
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- Speaking
Talking to others to convey information effectively.
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| More at O*NET |
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Interests
| People in this career often prefer these work environments: |
- Enterprising
Work involves managing, negotiating, marketing, or selling, typically in a business setting, or leading or advising people in political and legal situations. Enterprising occupations are often associated with business initiatives, sales, marketing/advertising, finance, management/administration, professional advising, public speaking, politics, or law.
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- Conventional
Work involves following procedures and regulations to organize information or data, typically in a business setting. Conventional occupations are often associated with office work, accounting, mathematics/statistics, information technology, finance, or human resources.
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- Investigative
Work involves studying and researching non-living objects, living organisms, disease or other forms of impairment, or human behavior. Investigative occupations are often associated with physical, life, medical, or social sciences, and can be found in the fields of humanities, mathematics/statistics, information technology, or health care service.
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| What are your interests? Take the O*NET Interest Profiler |
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Work Styles
| People in this career will do well at jobs that need: |
- Integrity
Job requires being honest and ethical.
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- Analytical Thinking
Job requires analyzing information and using logic to address work-related issues and problems.
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- Stress Tolerance
Job requires accepting criticism and dealing calmly and effectively with high-stress situations.
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- Achievement/Effort
Job requires establishing and maintaining personally challenging achievement goals and exerting effort toward mastering tasks.
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- Persistence
Job requires persistence in the face of obstacles.
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| More at O*NET |
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Tasks
| On the job, you would: |
- Manage investment funds to maximize return on client investments.
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- Select specific investments or investment mixes for purchase by an investment fund.
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- Monitor financial or operational performance of individual investments to ensure portfolios meet risk goals.
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- Select or direct the execution of trades.
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- Develop or implement fund investment policies or strategies.
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| More at O*NET |
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| Related Occupations
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| Career Video
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Projected Employment
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| Financial Managers* |
| Vermont |
| 2022 employment |
1,531 |
| 2032 employment |
1,810 |
Annual percent change
(compounded) |
1.7% |
Annual projected job openings
(due to change and separations) |
139 |
| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which projected employment information is not available. |
| More at Occupational Projections |
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Education and Experience:
| Financial Managers* |
- Typical education needed for entry
Bachelor's degree
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- Work experience in a related occupation
5 years or more
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- Typical on-the-job training needed to attain competency
None
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| * You're seeing information for "Financial Managers" because it includes "Investment Fund Managers" for which education and experience information is not available. |
| Based on BLS Education and Training Classifications |
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Physical Work Activity
Performing physical activities that require considerable use of your arms and legs and moving your whole body, such as climbing, lifting, balancing, walking, stooping, and handling materials.
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- Physical activity is Seldom Important
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- Level of activity is Very Low
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| Low |  | High |
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| Compare Occupations at O*NET |
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Job Zone
| Extensive Preparation Needed |
- Specific Vocational Preparation Range
(8.0 and above) - A typical worker will require
over 4 years up to and including 10 years or more
of training to achieve average performance in this occupation.
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| Based on O*Net Job Zones and SVP |
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Education Level
| How much education do most people in this career have? |
| Education level |  | Percent of
U.S. Workers |
Doctoral or professional degree
or post-MA certificate | | 4% |
Master's degree or
post-BA certificate | | 63% |
| Bachelor's degree | | 33% |
| Associate's degree | | 0% |
Certificate or some college,
no degree | | 0% |
High school diploma
or equivalent | | 0% |
| Less than high school diploma | | 0% |
| More at O*NET |
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Abilities
| People in this career often have talent in: |
- Deductive Reasoning
The ability to apply general rules to specific problems to produce answers that make sense.
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- Oral Comprehension
The ability to listen to and understand information and ideas presented through spoken words and sentences.
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- Oral Expression
The ability to communicate information and ideas in speaking so others will understand.
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- Written Comprehension
The ability to read and understand information and ideas presented in writing.
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- Inductive Reasoning
The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).
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| More at O*NET |
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Work Activities
| In general, what you might do: |
- Getting Information
Observing, receiving, and otherwise obtaining information from all relevant sources.
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- Analyzing Data or Information
Identifying the underlying principles, reasons, or facts of information by breaking down information or data into separate parts.
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- Making Decisions and Solving Problems
Analyzing information and evaluating results to choose the best solution and solve problems.
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- Processing Information
Compiling, coding, categorizing, calculating, tabulating, auditing, or verifying information or data.
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- Working with Computers
Using computers and computer systems (including hardware and software) to program, write software, set up functions, enter data, or process information.
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| More at O*NET |
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Detailed Work Activities
| What you might do in a day: |
- Direct financial operations.
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- Monitor financial activities.
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- Monitor financial indicators.
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- Develop organizational policies or programs.
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| More at O*NET |
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Other Resources
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- CareerOneStop
resource for job seekers, students, businessess and career professionals
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- O*NET Online
nation's primary source of occupational information
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