Financial Managers

60% (Moderate Risk)

Moderate Risk (41-60%): Occupations with a moderate risk of automation usually involve routine tasks but still require some human judgment and interaction.

More information on what this score is, and how it is calculated is available here.

User poll

Sentiment

The following graph is included wherever there is a substantial amount of votes to render meaningful data. These visual representations display user poll results over time, providing a significant indication of sentiment trends.

Wages

Very high paid relative to other professions

In 2023, the median annual wage for 'Financial Managers' was $156,100, or $75 per hour

'Financial Managers' were paid 224.8% higher than the national median wage, which stood at $48,060

Wages over time

Comments

David (Low) 1 year ago

It would be certain that most accountant will be replaced by AI tools. However, I think finance manager position will remain for next 20 years. It will require some human responsible for all the AI work and review. Certainly these manager job will be no longer managing people only but the system.

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Voter 325 (Moderate) 3 years ago

I think it will be. Because AI is growing up so fast.

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Zach 4 years ago

@Casey kerr -- Finance Managers are business managers at corporations. They don't give financial advice to individuals. It's likely that financial advisors' jobs will change a great deal as new technologies emerge that make it easier for people to make investment decisions with machine guidance, but Finance Managers will likely remain. Someone needs to hold the checkbook and manage the budget. Someone needs to be there to decide whether to sign off on projects or not. If tasks like these are handed to robots, it will only be after sufficient technological advances that make humans obsolete in these functions. At that time, the world will look much, much different. This will be one of the later jobs to fall off.

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Openyour Eyes 1 year ago

Hahah sorry I guess you haven’t seen what AI can do. We’re all stuffed…

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Casey kerr (Highly likely) 4 years ago

Dude people shouldn't be giving financial advice. Only robots.

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David 3 years ago

Finance is a weird profession now, the tools for people to do their own retirement funds are basically all free and available.

If you want to buy just FAANG stocks and hold them 20 years you'll probably be fine. What people are missing though is that stocks do not = ALL financial decisions.

The intelligence it takes to mix different things together to keep risk/reward at a good balance to achieve peoples specific goals and the decision making to choose the exact financial instruments for this moment in time cannot be generically automated, there are too many variables.

Financial analyst/advisor are heavy decision making jobs that require a certain knack computers just don't have and will never have.

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Paul Whitmore 3 years ago

If only robots give Financial Advice, then the competitive edge to Finance will be lost, as a consequence, little to any financial gains will be made by most companies, and individuals. Finance requires the human element along with Data and Decision Science for entities to profit or to remain financially viable.

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Bill Williams 4 years ago

Finance is a very competitive field.

If only robots gave financial advice, the financial competitiveness of most firms would only be limited to the specs of the robot they employed rather than the prevailing market conditions. Prevailing Market Conditions might become more unpredictable when persons using Artificial Intelligence are trying a gain a competitive edge over firms employing Artificial Intelligence only. Therefore, the firms which end up hiring a combination of tools, both human beings and artificial intelligence, will be the more successful at predicting market trends and profiting from lucrative trades and/or investments.

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