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Financial Managers
What do Financial Managers do in the Military?
Where do Financial Managers work?
Financial managers work primarily in offices.
How much do they make?
Median Military Salary
This is the median, or the midpoint, of the salary range for this career.
Note that the median salary does not include bonuses, special pays, health or dental benefits — which are a standard part of military compensation.
This is the median, or the midpoint, of the salary range for this career.
Note that the median salary does not include bonuses, special pays, health or dental benefits — which are a standard part of military compensation.
$136,587
Military Salary Range
This is the range based on years of service, degree level, special pays, family status and location.
Note that the median salary does not include bonuses, special pays, health or dental benefits — which are a standard part of military compensation.
This is the range based on years of service, degree level, special pays, family status and location.
Note that the median salary does not include bonuses, special pays, health or dental benefits — which are a standard part of military compensation.
$26,221 - $356,274
How Military Pay is More Than Just a Salary
Base pay is the standard income you'll earn as a service member, providing a stable foundation to start achieving your financial goals.
- Set based on rank and years of service.
- Paid every month.
Allowances are additional payments to help cover living expenses like housing and food.
- Tax-free payments.
- Varies by location and family status.
Special pay provides extra compensation for unique skills, hazardous duties, or challenging assignments.
- Based on specialized roles.
- Varies by position and duty.
Helping Soldiers! 36B, Finance Management
After transferring from the Minnesota National Guard, Sgt. First Class Lee found a full-time position in the Iowa National Guard. She enjoys helping Soldiers with their pay and financial questions! The financial management technician is responsible for financial management duties such as budgeting, disbursing and accounting for government funds. They make sure vendors are paid, budgets are balanced and financial matters are met so the Army National Guard keeps running.
Transcription
I am sergeant Lee my role in the guard right now is financial management technician. That is basically a banker in the military terms. In a deployment situation I would be someone who exchanges currency. Someone who can get you cash kind of like an ATM. Any payment questions that you have or issues that you have that would be something that my team would take care of.
Helping Soldiers! 36B, Finance Management
What training do Financial Managers gain in the Military?
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 review
- Military finance and resource management
- Government accounting and budgeting systems
- Personnel management and evaluation
- Accounting and auditing
- Effective allocation of scarce resources
Military Training for Officers
Officers typically enter the Military after they have completed a four-year college degree. All officers complete a comprehensive training program covering responsibilities, military structure and etiquette, traditions, and leadership development.
What skills help Financial Managers succeed?
- Interest in planning and directing the work of others
- Interest in work requiring accuracy and attention to detail
- Preference for working with numbers and statistics