Similar careers
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
A Financial Manager is responsible for the financial health of an organization. They oversee the production of financial reports, direct investment activities, and develop strategies to ensure the long-term financial objectives of the company are met.
Education: Bachelor's degree
Years in related career: 5 years or more
On-the-job training: None
Projected Growth: 16.0% (far above average)
Annual job openings: 74 600
Direct AI exposure: 4% of tasks
Potential AI exposure: 82% of tasks
| Income data is from Employment and Social Development Canada's 2025 wage tables. The closest match for this career in Canada’s occupational classification system is Financial Managers. According to the wage tables, average income is $124K per year. | ||||
|---|---|---|---|---|
| Bottom 10% | Bottom 25% | Median (average) | Top 25% | Top 10% |
| $80K per year | $100K per year | $124K per year | $151K per year | $191K per year |
| Compared to other careers: Median is $59K above the national average. | ||||
Financial Managers work in a variety of settings, including banks, investment firms, and corporate sectors. Their role typically involves office-based work with a focus on analysis, strategy meetings, and collaboration with other departments. They may also engage in travel for client meetings or professional conferences.
Financial Managers play a pivotal role in the success of an organization. They are responsible for managing the financial operations, providing insights and strategies for long-term financial planning. This role requires a deep understanding of market trends, regulatory changes, and economic factors that impact the financial health of an organization. They must be adept at interpreting complex financial data and making informed decisions that align with the company's goals.
Strong leadership and communication skills are essential, as Financial Managers collaborate with various departments, present financial reports to senior executives, and sometimes communicate with stakeholders. They must also stay updated with technological advancements in financial software and tools, as these play a significant role in streamlining financial processes.
The role is dynamic and challenging, requiring continuous learning and adaptation. Financial Managers are crucial in guiding companies through financial uncertainties and opportunities, ensuring the financial stability and growth of the organization. Their strategic decisions have a lasting impact on the company's financial well-being.
Becoming a Financial Manager usually requires at least a bachelor's degree in finance, accounting, economics, or business administration, which typically involves 4 years of post-secondary education. Many also pursue a master's degree or professional certifications for advancement.
Similarity is based on what people in the careers do, what they know, and what they are called. The process of establishing similarity lists is described in this white paper.
