Finance Managers plan, organise, direct, control and coordinate the financial and accounting activities within organisations.
Also known as: Chief Financial Officer, Finance Director, or Financial Controller.
Specialisations: Financial Administrator.
A university degree in business, commerce or accounting is usually needed to work as a Finance Manager.
determining, implementing, monitoring, reviewing and evaluating budgetary and accounting strategies, policies and plans in consultation with other Managers
providing financial information and interpreting the implications for business performance and funding needs
coordinating the development, implementation and monitoring of accounting systems
directing the preparation of financial reports summarising and forecasting the organisation's financial position such as income statements, balance sheets and analyses of future earnings and income
assessing capital finance proposals and the financial status of operational projects
advising on investment strategies, sources of funds and the distribution of earnings
delivering long range profit forecasts, budgeting and financial reporting
ensuring compliance with financial legislation and standards
JSA produces employment projections to show where likely future job opportunities may be. The latest data are for the five years from November 2021 to November 2026. Over this period, the number of workers:
- is expected to grow strongly
- is likely to reach 81,500 by 2026.
Source: Jobs and Skills Australia Employment Projections to 2026.
Notes: The number employed includes people who work in this occupation as their main job. People who work in more than one job are counted against the occupation they work the most hours in.
Employment projections figures are rounded to the nearest 100. Calculations based on these rounded figures may result in differences to the numbers that are displayed on this page. Employment projections data (including occupations) can be downloaded from the Employment Projections page.
Number of Workers
Source: ABS Labour Force Survey, ABS seasonally adjusted data to November 2021 and Jobs and Skills Australia Employment Projections to 2026.
Earnings and hours
Around 86% of people employed as Finance Managers work full-time hours, in all their jobs combined. This is 20 percentage points above the all jobs average (66%).
Full-time workers work an average of 46 hours per week in their main job. This is similar to the all jobs average (44 hours per week).
More than half of workers regularly work overtime or extra hours (either paid or unpaid).
Median full-time earnings are $3,225 per week, this is much higher than the all jobs median ($1,593):
- 3 in 4 workers earn more than $2,365
- 1 in 4 earn more than $4,234
Median hourly earnings are $87, this is much more than the all jobs median ($41 per hour).
Sources: Full-time share and full-time hours: ABS, 2016 Census, customised report. Compared to the all jobs average. Overtime hours: ABS, Characteristics of Employment, 2021. Full-time median earnings and median hourly earnings: ABS, Survey of Employee Earnings and Hours, May 2021. Compared to all jobs median.
Weekly Earnings (Before Tax)
|Earnings||Finance Managers||All Jobs Average|
Source: Based on ABS Survey of Employee Earnings and Hours, May 2021, Customised Report. Median weekly total cash earnings for full-time non-managerial employees paid at the adult rate. Earnings are before tax and include amounts salary sacrificed. Earnings can vary greatly depending on the skills and experience of the worker and the demands of the role. These figures should be used as a guide only, not to determine a wage rate.
Employment across Australia
Employment by State and Territory (% Share)
|State||Finance Managers||All Jobs Average|
Around 80% of Finance Managers live in capital cities, compared with the all jobs average of 62%.
New South Wales has a large share of employment relative to its population size.
The regions with the largest share of workers are:
- Sydney - North Sydney and Hornsby
- Melbourne - Inner
- Melbourne - Inner South
- Melbourne - Inner East
- Sydney - Eastern Suburbs.
Source: Based on ABS Census 2016, Customised Report. Share of workers across Australian states, territories and regions, in this job compared to the all jobs average.
Age and gender
The median age of Finance Managers is 45 years. This is higher than the all jobs average of 40 years.
A large share of workers are aged 35 to 44 years.
Females make up 46% of the workforce. This is similar to the all jobs average of 48%.
Source: Based on ABS Census 2016, Customised Report. Age profile and gender share compared to the all jobs average.
Age Profile (% Share)
|Age Bracket||Finance Managers||All Jobs Average|
|65 and Over||3.7||4.2|
Source: Based on ABS Census 2016, Customised Report. Age profile of workers in this job compared to the all jobs average.
Education, training and experience
A university degree in business, commerce or accounting is usually needed to work as a Finance Manager.
- Course Seeker to search and compare higher education courses.
- ComparED to compare undergraduate and postgraduate student experiences and outcomes.
- My Skills to compare Vocational Education and Training (VET) courses, providers and student outcomes.
- AAPathways website to explore Financial Services VET training pathways.
Highest Level of Education (% Share)
|Type of Qualification||Finance Managers||All Jobs Average|
|Post Graduate/Graduate Diploma or Graduate Certificate||23.5||10.1|
|Year 10 and below||2.8||12.5|
Source: ABS Census 2016, Customised Report. Highest qualification completed by workers in this job (in any field of study). Qualifications needed by new workers might be different from the qualifications of workers already in the job.
Skills and Knowledge
Employers look for Finance Managers who can communicate clearly, have strong interpersonal skills and pay attention to detail.
Skills can be improved through training or experience.
75%Management of financial resources
Figuring out how money is needed to do something, and keeping track of the money that's being spent.
Thinking about the pros and cons of different ways to solve a problem.
64%Judgment and decision making
Figuring out the pros and cons of different options and choosing the best one.
Figuring out how a system should work and how changes in conditions, operations, and the environment will affect it.
Being able to use what you have learnt to solve problems now and again in the future.
Listening to others, not interrupting, and asking good questions.
Reading work related information.
Keeping track of how well work is progressing so you can make changes or improvements.
59%Complex problem solving
Noticing a problem and figuring out the best way to solve it.
Using maths to solve problems.
Talking to others.
Measuring how well a system is working and how to improve it.
Managing your own and other peoples' time to get work done.
Writing things for co-workers or customers.
54%Coordination with others
Being adaptable and coordinating work with other people.
54%Management of personnel resources
Motivating, developing, and directing people as they work, and choosing the best people for the job.
Talking people into changing their minds or their behaviour.
Understanding why people react the way they do.
Figuring out the best way to teach or learn something new.
Bringing people together and trying to sort out their differences.
These are important topics, subjects or knowledge areas.
89%Economics and accounting
Economics and accounting, the financial markets, banking and checking and reporting of financial data.
85%Administration and management
Business principles involved in strategic planning, leadership, and coordinating people and resources.
Arithmetic, algebra, geometry, calculus, or statistics.
63%Personnel and human resources
Recruiting and training people, managing pay and other entitlements (like sick leave), and negotiating pay and conditions.
English language including the meaning and spelling of words, rules of composition, and grammar.
60%Computers and electronics
Circuit boards, processors, chips, electronic equipment, and computer hardware and software, including applications and programming.
54%Law and government
How our laws and courts work. Government rules and regulations, and the political system.
51%Customer and personal service
Understanding customer needs, providing good quality service, and measuring customer satisfaction.
Word processing, managing files and records, stenography and transcription, designing forms, and other office work.
48%Education and training
Curriculum and training design, teaching and instruction for individuals and groups, and the measurement of training effects.
Human behaviour; differences in ability, personality, and interests; learning and motivation; research methods; assessing and treating disorders.
34%Production and processing
Raw materials, production processes, quality control, costs, and ways of making and distributing goods.
31%Communications and media
Media production, communication, and dissemination. Includes written, spoken, and visual media.
28%Sales and marketing
Showing, promoting, and selling including marketing strategy, product demonstration, sales techniques, and sales control systems.
28%Sociology and anthropology
Group behaviour and dynamics, societal trends and influences, human migrations, ethnicity, cultures and their history and origins.
27%Public safety and security
Use of equipment, rules and ideas to protect people, data, property, and institutions.
Transmission, broadcasting, switching, control, and operation of telecommunications systems.
Moving people or goods by air, rail, sea, or road.
18%Therapy and counselling
Diagnosis, treatment, and rehabilitation of physical and mental dysfunctions, and career counselling and guidance.
13%Medicine and dentistry
Diagnose and treat human injuries, diseases, and deformities, including preventive health-care measures.
Workers use these physical and mental abilities..
Notice when something is wrong or is likely to go wrong, even if you can't solve the problem.
Communicate by speaking.
Use general rules to find answers or solve problems logically.
63%Working with numbers
Add, subtract, multiply, or divide.
Read and understand written information.
Choose the right maths method or formula to solve a problem.
See details that are up-close (within a few feet).
Listen to and understand what people say.
Use lots of detailed information to come up with answers or make general rules.
Write in a way that people can understand.
55%Sorting or ordering
Order or arrange things in a pattern or sequence (e.g., numbers, letters, words, pictures, mathematical operations).
Speak clearly so others can understand you.
Identify and understand the speech of another person.
Come up with different ways of grouping things.
Come up with a number of ideas about a topic, even if the ideas aren't very good.
Come up with unusual or clever ideas, or creative ways to solve a problem.
45%Flexibility of closure
See a pattern (a figure, object, word, or sound) hidden in other distracting material.
45%Speed of recognition
Quickly make sense of and organize things you can see like letters, numbers, pictures, or other things.
See details that are far away.
Use your eyes to quickly compare groups of letters, numbers, pictures, or other things.
These are kinds of activities workers regularly do in this job.
87%Making decisions and solving problems
Using information to work out the best solution and solve problems.
82%Managing payments and orders
Monitoring and controlling resources and the spending of money.
80%Making sense of information and ideas
Looking at, working with, and understanding data or information.
79%Planning and prioritising work
Deciding on goals and putting together a detailed plan to get the work done.
78%Communicating within a team
Giving information to co-workers by telephone, in writing, or in person.
78%Giving expert advice
Providing guidance and expert advice to management or other groups.
78%Building good relationships
Building good working relationships and keeping them over time.
78%Guiding and directing staff
Guiding and directing staff, including setting and monitoring performance standards.
77%Collecting and organising information
Compiling, coding, categorizing, calculating, tabulating, auditing, or checking information or data.
76%Coming up with systems and processes
Deciding on goals and figuring out what you need to do to achieve them.
76%Keeping your knowledge up-to-date
Keeping up-to-date with technology and new ideas.
75%Researching and investigating
Looking for, getting and understanding different kinds of information.
71%Communicating with the public
Giving information to the public, business or government by telephone, in writing, or in person.
70%Coaching and developing others
Working out the needs of others and coaching, mentoring, or helping them to improve.
68%Checking compliance with standards
Deciding whether events or processes comply with laws, regulations, or standards.
66%Leading and encouraging a team
Encouraging and building trust, respect, and cooperation among team members.
66%Looking for changes over time
Comparing objects, actions, or events. Looking for differences between them or changes over time.
Using your own ideas for developing, designing, or creating something new.
61%Explaining things to people
Helping people to understand and use information.
58%Working with computers
Using computers to program, write software, set up functions, enter data, or process information.
Interests and demands
Learn about the daily activities, and physical and social demands faced by workers. Explore the values and work styles that workers rate as most important.
Interests are the style or type of work we prefer to do. All interest areas are shown below.
Following set procedures and routines. Working with numbers and details more than with ideas, usually following rules.
Starting up and carrying out projects. Leading people and making many decisions. Sometimes require risk taking and often deal with business.
Ideas and thinking. Searching for facts and figuring out problems in your head.
Working with people. Helping or providing service to others.
Practical, hands-on work. Often with plants and animals, or materials like wood, tools, and machinery.
Working with forms, designs and patterns. Often need self-expression and can be done without following rules.
Job security and good working conditions. There is usually a steady flow of interesting work, and the pay and conditions are generally good.
Results oriented. Workers are able to use their strongest abilities, giving them a feeling of accomplishment.
Work alone and make decisions. Workers are able to try out their own ideas, make decisions on their own, and work with little or no supervision.
Supportive management that stands behind employees. Workers are treated fairly by their company, they are supported by management, and have supervisors who train them well.
Advancement and the potential to lead. Workers are recognised for the work that they do, they may give directions and instructions to others, and they are looked up to in their company and their community.
Serve and work with others. Workers usually get along well with each other, do things to help other people, and are rarely pressured to do things that go against their sense of right and wrong.
100%Indoors, heat controlled
Work indoors with access to heating or cooling.
Use electronic mail.
Talk on the telephone.
Talk with people face-to-face.
93%Spend time sitting
Spend time sitting at work.
91%Being exact or accurate
Be very exact or highly accurate.
89%Freedom to make decisions
Have freedom to make decision on your own.
Have freedom to decide on tasks, priorities, and goals.
Work with people in a group or team.
85%Contact with people
Have contact with people by telephone, face-to-face, or any other way.
85%Impact of decisions
Make decisions that have a large impact on other people.
83%Frequent decision making
Frequently make decisions that impact other people.
83%Letters and memos
Write letters and memos.
Work to strict deadlines.
83%Responsible for outcomes
Take responsibility for the results of other people's work.
79%Lead or coordinate a team
Lead others to do work activities.
Compete with others, or be aware of competitive pressures.
67%Repeating same tasks
Repeat the same tasks or activities (e.g., key entry) over and over, without stopping.
63%Contact with the public
Work with customers or the public.
Deal with conflict or disagreements.
O*NET is a trademark of the U.S. Department of Labor, Employment and Training Administration.
The skills and importance ratings on this page are derived from the US Department of Labor O*NET Database Version 21.2, 11-3031.01 - Treasurers and Controllers.