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What does a Financial manager earn?
Financial managers earn an average salary of around £54,700 per year in the UK. They are responsible for managing a variety of financial aspects such as capital investments, budget analysis, and maximizing profits. Financial managers can work in a various industries, providing valuable advice to both individuals and businesses. They may also work with accountants and other financial professionals to create and implement effective strategies.
How to earn more as a Financial manager
"To become a financial manager, you could take a degree in business or finance, or study for an accountancy qualification. You could also look into a degree apprenticeship or a Master's Degree in finance. To earn more as a financial manager, you could move into a specialist role, become a director within a financial institution, or set up your own business. The best paid financial managers can earn over £97,800 a year".
Min: £25,000.00 Max: £97,760.00
Average Financial manager Salary in UK : £54,651.21
Read about Financial manager salaries, related jobs and salary information across the UK
Financial manager Salary data from the ONS
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Age Group
Recommended Financial manager Jobs in UK
Average Salary for Financial manager compared to similar jobs
Related Jobs
View salaries for similar jobs.
| Job Title | UK Average |
|---|---|
| Costs Manager Salary in UK | £14,105.26 |
| Finance Officer Salary in UK | £17,285.71 |
| Finance Manager Salary in UK | £31,752.07 |
| Branch Financial Manager Salary in UK | £40,189.80 |
| Financial Controller Salary in UK | £41,399.16 |
| Cash Manager Salary in UK | £42,656.16 |
| Financial Auditor Salary in UK | £47,217.15 |
| Economist Salary in UK | £49,113.65 |
| Finance Business Partner Salary in UK | £51,062.00 |
| Budget Manager Salary in UK | £51,157.97 |
| Risk Management Specialist Salary in UK | £52,318.03 |
| Financial Accounting Manager Salary in UK | £52,925.03 |
| Commercial Loan Officer Salary in UK | £55,340.90 |
| Finance Controller Salary in UK | £57,324.27 |
| Financial Regulator Salary in UK | £59,399.05 |
Salary by Region
Compare Financial manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £45,592.99 |
| Wales | £46,919.24 |
| Northern Ireland | £35,400.50 |
| East Midlands | £50,238.11 |
| Eastern | £51,398.84 |
| London | £69,953.29 |
| North East | £42,088.00 |
| North West | £48,209.12 |
| South East | £48,797.14 |
| South West | £49,404.31 |
| West Midlands | £52,869.38 |
| Yorkshire and the Humber | £47,462.68 |
Annual Job Ads by Region
Understanding the Average Financial Manager Salary in the UK
As a financial manager in the UK, it's important to have a clear understanding of the average salary in this field. The average salary for finance professionals in the UK can vary depending on factors such as experience, qualifications, and location. To get a better idea of the average financial manager salary in the UK, you can refer to average Finance salaries.
Salary Expectations for Newly Qualified Financial Managers
If you're a newly qualified financial manager, you may be wondering what salary you can expect. The salary range for newly qualified financial managers can vary, but you can get an idea of the current job market and salary expectations by checking out the job search section.
Salaries for Experienced Financial Managers
Experienced financial managers in the UK can expect higher salaries compared to their newly qualified counterparts. The salary range for experienced financial managers can vary depending on factors such as years of experience, industry, and location. To get a better understanding of the salary range for experienced financial managers, it's recommended to research industry-specific salary surveys and job listings.
Creating a Financial Manager CV
When applying for a financial manager position, having a well-crafted CV is essential. A strong CV can help you stand out from other candidates and increase your chances of landing the job. To create an effective financial manager CV, you can use a CV template specifically designed for financial professionals. This template will guide you in highlighting your skills, qualifications, and experience in a clear and concise manner.
Career Development Opportunities for Financial Managers
As a financial manager, there are various career development opportunities available to help you progress in your field. Whether you're looking to specialize in a specific area of finance or move into a leadership role, it's important to stay updated on the latest industry trends and advancements. You can find valuable career advice to help you navigate your career path and make informed decisions.
Comprehensive Compensation for Financial Managers
Financial managers in the UK can enjoy comprehensive compensation packages that go beyond just the base salary. These packages may include bonuses, profit-sharing, pension contributions, healthcare benefits, and other perks. The specific components of a financial manager's compensation package can vary depending on the company and industry. It's important to consider the overall compensation package when evaluating job offers and negotiating your salary.
Strategies for Increasing Your Salary as a Financial Manager
If you're looking to increase your salary as a financial manager, there are several strategies you can employ. These include acquiring additional certifications or qualifications, gaining specialized knowledge in a high-demand area, taking on additional responsibilities, and demonstrating exceptional performance. By continuously improving your skills and adding value to your organization, you can position yourself for salary growth and advancement opportunities.
Professional Development and Earnings
Continuing professional development is crucial for financial managers to stay relevant in their field and maximize their earnings potential. By attending industry conferences, workshops, and training programs, you can enhance your knowledge and skills, which can lead to higher earning potential. It's important to allocate time and resources for professional development to stay competitive in the ever-evolving financial industry.
Capitalizing on Extra Hours and Duties
Financial managers often have to work extra hours and take on additional duties to meet deadlines and ensure the smooth operation of financial processes. While these extra hours and duties may be demanding, they can also present opportunities for career growth and increased earnings. By demonstrating your ability to handle additional responsibilities and deliver results, you can position yourself for promotions and salary advancements.
