Financial managers | Data USA (2024)

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Financial managers | Data USA? ›

The workforce of Financial managers in 2021 was 1,300,410 people, with 55.3% woman, and 44.7% men. The average age of male Financial managers in the workforce is 43.9 and of female Financial managers is 44.9, and the most common race/ethnicity for Financial managers is White.

The BLS predicts a 17% growth in financial manager jobs between 2020 and 2030, which is higher than average. Those graduating with a finance degree (or related subject) should find high demand for financial managers over the next decade, particularly in metropolitan areas.

Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.

The top 5 are: 545 Group, Jones Zafari Group, The Polk Wealth Management Group, Hollenbaugh Rukeyser Safro Williams, The Erdmann Group.

Qualifications for a Financial Manager

Some employers offer training opportunities for finance employees looking to advance to management positions. Many employers prefer job applicants with advanced business-related degrees, such as MBAs in finance.

Finance Managers often face high-pressure situations, balancing fiscal responsibilities with strategic decision-making. The role demands meticulous attention to detail, adherence to tight deadlines, and management of complex financial operations, which can be inherently stressful.

Financial managers typically need at least a bachelor's degree in business, economics, or a related field. These disciplines help students learn analytical skills and methods.

What is the average age of financial managers? ›

The workforce of Financial managers in 2021 was 1,300,410 people, with 55.3% woman, and 44.7% men. The average age of male Financial managers in the workforce is 43.9 and of female Financial managers is 44.9, and the most common race/ethnicity for Financial managers is White.

Warren Buffett

Buffett is one of the world's most successful investors and financial advisors. He is the CEO of Berkshire Hathaway and has a net worth of over $100 billion. Buffett is known for his value investing philosophy and his ability to pick successful companies.

1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.

The top 5 highest paying jobs in finance are investment banking, hedge fund management, CFO roles, private equity, and actuarial positions. These careers typically offer substantial salaries and the potential for significant bonuses.

$94,500 is the 25th percentile. Salaries below this are outliers. $168,000 is the 90th percentile.

Investors and academics have often referred to BlackRock, Vanguard, and State Street Global Advisors as the Big Three asset managers.

According to the firm, BlackRock manages more than $800 billion via its sustainable investing platform, and integrates what it considers to be financially material ESG data in investment processes.

2023 Top 50 Multi-Strategy Hedge Funds Overview

CItadel Investment Group, Millenium Capital Partners, and Balyasny Asset Management are the three largest multi-strategy hedge fund managers with a collective $650 billion in assets, though not all of that is in multi-strategy hedge funds.