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Financial Managers in Virgin Islands

Thinking about a career as a Financial Managers in Virgin Islands? Below are the key facts. Plan, direct, or coordinate accounting, investing, banking, insurance, securities, and other financial activities of a branch, office, or department of an establishment. Excludes “Financial Risk Specialists” (13-2054).

What do Financial Managers Make in Virgin Islands?

The financial managers working in Virgin Islands, the typical annual salary is $85,530 per year (or roughly $41.12/hour).Annual wages span from $62,720 at the 10th percentile to $165,930 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$62,720	$30.15
25th percentile	$75,980	$36.53
Median (50th)	$85,530	$41.12
75th percentile	$118,630	$57.03
90th percentile	$165,930	$79.77

The location quotient — a measure of how concentrated this occupation is in Virgin Islands nationwide is 1.26, suggesting that financial managers are more concentrated here than the national average.

National Wage Comparison

Nationally, financial managers earn a median of $75,665 per year ($36.38/hour), exceeding the Virgin Islands median.

Employment Outlook

National employment for 133,707 financial managers in the U.S.. In Virgin Islands alone, around 230 people work in this role. That’s below the typical state, which employs around 7,950 financial managers.

Top States for Financial Managers Employment

These states have the highest employment of financial managers work.

State	Number Employed
California	96,860
Texas	67,580
New York	67,510
Illinois	53,400
Florida	47,710
New Jersey	32,370
Pennsylvania	31,750
Ohio	27,920
Massachusetts	27,690
Georgia	22,720
North Carolina	21,170
Virginia	20,590
Connecticut	20,200
Maryland	19,920
Michigan	19,690
Tennessee	18,650
Minnesota	16,520
Arizona	14,570
Washington	13,890
Wisconsin	13,750

Highest-Paying States for Financial Managers

These states pay the most for financial managers.

State	Annual Median Salary
New York	$215,740
New Jersey	$188,750
District of Columbia	$181,210
Massachusetts	$181,170
Delaware	$180,050
California	$174,920
Colorado	$174,840
Washington	$171,300
Virginia	$170,290
Connecticut	$169,730

Skills

Key financial managers skills, rated on an importance scale of 0 to 5:

Knowledge Areas

Core knowledge areas for this occupation, rated on an importance scale of 0 to 5:

Abilities

Key abilities for financial managers, rated on an importance scale of 0 to 5:

Daily Tasks

Financial Managers typically:

• Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
• Oversee the flow of cash or financial instruments.
• Plan, direct, or coordinate the activities of workers in branches, offices, or departments of establishments, such as branch banks, brokerage firms, risk and insurance departments, or credit departments.
• Recruit staff members.
• Evaluate data pertaining to costs to plan budgets.
• Oversee training programs.
• Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping.
• Communicate with stockholders or other investors to provide information or to raise capital.
• Develop or analyze information to assess the current or future financial status of firms.
• Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
• Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
• Examine, evaluate, or process loan applications.

Work Activities

• Working with Computers
• Establishing and Maintaining Interpersonal Relationships
• Communicating with Supervisors, Peers, or Subordinates
• Processing Information
• Getting Information
• Evaluating Information to Determine Compliance with Standards
• Making Decisions and Solving Problems
• Coaching and Developing Others
• Guiding, Directing, and Motivating Subordinates
• Organizing, Planning, and Prioritizing Work
• Coordinating the Work and Activities of Others
• Analyzing Data or Information

Tools & Technology

Common tools and software used in this occupation include: Hot technologies: Adobe Acrobat, Alteryx software, IBM SPSS Statistics, Intuit QuickBooks In-demand technologies: Microsoft Excel

What Major Will Prepare You For This Career?

Programs that train for this career include:

• Finance & Financial Management
• Accounting
• Business Administration & Management
• Data Analytics
• Accounting & Computer Science

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Related Careers

Related occupations to financial managers include:

• Treasurers and Controllers
• Investment Fund Managers
• Management Analysts
• Accountants and Auditors
• Budget Analysts
• Credit Analysts

Also Known As

ATM Manager (Automated Teller Machine Manager), Accountant Supervisor, Accounting Director, Accounting Manager, Accounting Supervisor, Accounts Manager, Accounts Payable Manager, Accounts Supervisor, Actuarial Manager, Asset Manager, Auditing Manager, Auditor Supervisor, Auto Finance Manager (Automotive Finance Manager), Bank Branch Manager, Bank Manager.

References

• U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics — https://www.bls.gov/oes/
• O*NET Online — https://www.onetonline.org/
• BLS Employment Projections — https://www.bls.gov/emp/
• O*NET-SOC code: 11-3031.00