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10010 - Financial Managers

Broad Occupation Category

1 - Business, finance, and administration occupations.

TEER

0 - Management occupations.

Major Group

10 - Specialized middle management occupations in administrative, financial, and business services.

Sub-major Group

100 - Specialized middle management occupations in administrative, financial, and business services.

Minor Group

1001 - Administrative services managers.

Main Duties

Financial Managers perform some or all of the following duties:

  • Plan and evaluate accounting, audit, and financial departments
  • Design and implement financial systems and policies
  • Prepare financial statements, cost-benefit studies, and executive reports
  • Lead budgeting and forecasting processes
  • Oversee financial modelling and simulations
  • Assess investment strategies and reporting systems
  • Recruit, train, and manage finance staff
  • Communicate with shareholders and financial analysts
  • Guide mergers, acquisitions, and capital investments
  • Report major financial trends and risks to senior executives

Employment Requirements

These are the typical employment requirements and benefits associated with this occupation in Canada:

  • A bachelor's degree in business administration, economics, commerce, or a related field is usually required.
  • A master's degree in business administration (MBA) or a recognized accounting designation may be required by some employers.
  • Several years of experience in accounting, auditing, budgeting, financial planning and analysis, or other financial activities are required.
  • Many employers offer pension plans, medical and dental coverage, life insurance, paid leave, and employer contributions to pension and employment insurance programs.

Financial Managers Salary Prospects

Community/AreaCanada
Low ($/hour)38.50
Median ($/hour)59.48
High ($/hour)91.76
Community/AreaAlberta
Low ($/hour)39.34
Median ($/hour)62.49
High ($/hour)93.27
Community/AreaBritish Columbia
Low ($/hour)37.50
Median ($/hour)57.69
High ($/hour)96.15
Community/AreaManitoba
Low ($/hour)37.50
Median ($/hour)52.20
High ($/hour)79.49
Community/AreaNew Brunswick
Low ($/hour)32.69
Median ($/hour)55.09
High ($/hour)93.75
Community/AreaNewfoundland and Labrador
Low ($/hour)40.00
Median ($/hour)54.87
High ($/hour)87.91
Community/AreaNorthwest Territories
Low ($/hour)43.68
Median ($/hour)68.87
High ($/hour)87.83
Community/AreaNova Scotia
Low ($/hour)36.72
Median ($/hour)52.88
High ($/hour)74.36
Community/AreaNunavut
Low ($/hour)56.42
Median ($/hour)76.00
High ($/hour)103.42
Community/AreaOntario
Low ($/hour)40.87
Median ($/hour)61.54
High ($/hour)91.35
Community/AreaPrince Edward Island
Low ($/hour)25.00
Median ($/hour)51.23
High ($/hour)65.13
Community/AreaQuebec
Low ($/hour)38.36
Median ($/hour)60.00
High ($/hour)92.31
Community/AreaSaskatchewan
Low ($/hour)35.90
Median ($/hour)57.69
High ($/hour)80.67
Community/AreaYukon Territory
Low ($/hour)38.46
Median ($/hour)61.54
High ($/hour)77.88

Want to know all the salary details? Visit our NOC page for 10010!

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NOC 10010Financial Managers

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