Military Financial Managers
Military Career
General Information
Description
Financial managers direct and coordinate financial management functions and serve as advisors to leadership in all matters pertaining to programming/budgeting, finance and accounting, and cost analysis. They perform managerial operations, including the establishment of performance standards and priorities for personnel, and security requirements for safeguarding assets. They are responsible for the management of financial operations and for providing advice on the effective use and redistribution of resources within fund limitations.
Explore this career outside the MilitaryWork Environment
Financial managers work primarily in offices.
Workplace at a Glance
What you can expect to experience while on the job
- Responsibility
- Exposure to job hazards
- Physical activity
- Decision making
- Repetitiveness
- Level of competition
- Time pressure
Comparable Industries
- Finance
Related Military Careers
Military Outlook
Service Branches
Jobs in this career field may be available in other service branches. Call or email a particular branch for more info.
Army
Marine Corps
Navy
Air Force
Coast Guard
Space ForceMilitary Status
- Officer
- Managerial/professional
- College degree required
Military Workforce
Financial Managers in the Military
4,966
Salary
Salary Information
Median Military Salary This is the median, or the midpoint, of the salary range for this career.
$75,420
Military Salary Range Salary varies based on years of service, degree level, special pays, family status and location. Learn more about Military benefits.
$23,553 - $268,246
What makes up a Military salary?
Military salaries include a lot more than just base pay.
They also offer:
- Housing allowances
- Subsistence allowances
- Special and incentive pays
- Cost-of-living allowances
- Hazardous-duty pay
- Bonuses
Learn more about what goes into a salary with the compensation estimator
Learn more about military insurance and retirement benefits
Education
Most Common Education Levels
People in this career achieve this level of education.
-
Bachelor's degree 56%
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Post baccalaureate 21%
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High school 14%
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Some college 4%
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Associate's degree 3%
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Master's degree 0%
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Doctoral degree 0%
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Less than high school 0%
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Post-doctoral training 0%
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Post-master's certificate 0%
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First professional degree 0%
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Post-secondary certificate 0%
Military training
Officers typically enter the Military after they have completed a four-year college degree; enlisted service members can transition to officer positions through a variety of pathways and earn a degree while serving. Financial managers may have an education in accounting, finance, or a related field. Job training for financial managers consists of classroom and on-the-job learning in various training environments. Like other officers, they complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development. Job-specific training content may include: Financial management techniques, including budget preparation and reviewMilitary finance and resource managementGovernment accounting and budgeting systemsPersonnel management and evaluationAccounting and auditing Effective allocation of scarce resources
Read MoreSkills at a Glance
Skills helpful in this career
- Verbal skills
- Critical thinking & problem solving
- Equipment operation & maintenance
- Math & science skills
- Technology design & control
- Leadership
Knowledge
- Economics and Accounting
- Administration and Management
- Customer and Personal Service
- Administrative
- Education and Training
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