Financial Managers and Directors
£79,257
Average salary
38 hours
Average weekly hours
1.92%
Unemployment rate
Definition: Financial managers and directors
*SOC Code (Standard Occupational Classification): 1131
Financial managers and directors plan, organise, direct and co-ordinate financial information and advise on company financial policy.
Common tasks include:
- participates in the formulation of strategic and long-term business plans, assesses the implications for the organisation financial mechanisms and oversees their implementation;
- plans external and internal audit programmes, arranges for the collection and analysis of accounting, budgetary and related information, and manages the company’s financial systems;
- determines staffing levels appropriate for accounting activities;
- assesses and advises on factors affecting business performance.
Qualifications
There are no pre-set entry standards, although entry is most common with a relevant degree or equivalent qualification. Professional qualifications are available and are required for certain posts.
*Introduced in 1990, SOC is a multi-purpose common classification of occupations in UK. Jobs are defined in terms of skill level and skill content, including qualifications, training and work experience.
Employment status: Financial managers and directors
Regional employment: Financial managers and directors
Future employment: Financial managers and directors
Top 12 industries: Financial managers and directors
Alternative & related job titles: Financial managers and directors
Manager, financial Director and Secretary Manager (banking: investment) Manager, branch (credit company) ACIS Officer, operating, chief (financial services) Manager (money lending) Manager, treasury Banker, merchant Secretary and legal adviser Director, financial Chamberlain, burgh Manager, collateral Manager, practice, insolvency Banker, investment Manager, development, agency Registrar, company Banker Registrar of stocks and bonds Banker, international Manager, assessment, credit Secretary, company Principal (banking) Treasurer, company Manager, systems, financial Registrar Manager (accountancy services) Manager, finance Secretary of health authority Manager (financial services) Manager, purchase, hire Secretary-director Secretary-accountant FCIS Manager (loan company) Chamberlain, city Manager, markets (financial services) Secretary and company director Treasurer Manager, exchange, foreign Manager (accountancy) Manager (credit company) Manager, market, money Registrar of stock Manager, branch (financial services) Director of finance Director, finance Manager, operations (financial services) Secretary of health board Treasurer, county
Equality focus: Financial managers and directors
Breaking down the official government big data sources by gender, age and region. Hours and pay data based on full time equlivalent roles.
Breakdown by gender
£68,829
Female average annual salary
£84,993
Male average annual salary
37
Female average weekly hours
39
Male average weekly hours
Average pay per hour: Financial managers and directors
Workforce gender: Financial managers and directors
Breakdown by region
£103,764
London - highest annual average salary
£56,314
East Midlands (England) - lowest annual average salary
43
North East (England) - Highest average weekly hours
37
London - Lowest average weekly hours
Average pay per week (£): Financial managers and directors
Average weekly hours by UK region/nation: Financial managers and directors
Breakdown by age
20 years
Lowest annual salary (£15,121)
years
Highest annual salary (£0) at this age