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Financial Managers in Puerto Rico

Want to work as a Financial Managers in Puerto Rico? 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 Puerto Rico?

For financial managers working in Puerto Rico, the median annual wage is $79,440 per year (or roughly $38.19/hour).Earnings range from $46,230 at the 10th percentile to $159,750 at the 90th percentile.

Wage Statistic	Annual	Hourly
10th percentile	$46,230	$22.23
25th percentile	$61,090	$29.37
Median (50th)	$79,440	$38.19
75th percentile	$117,330	$56.41
90th percentile	$159,750	$76.81

The job concentration index in Puerto Rico nationwide is 0.77, meaning fewer financial managers per worker than the national average.

National Wage Comparison

Nationally, financial managers earn a median of $75,665 per year ($36.38/hour), higher than the Puerto Rico median.

Employment Outlook

There are roughly 133,707 financial managers across the United States. In Puerto Rico alone, around 3,830 people work in this role. That’s fewer than the typical state, which employs around 7,950 financial managers.

Top Puerto Rico Metros for Financial Managers

These are the Puerto Rico metros with the most financial managers in Puerto Rico.

Metro Area	Number Employed	Annual Median Salary
San Juan-Bayamon-Caguas, PR	3,200	$81,990
Ponce, PR	170	$70,000
Aguadilla, PR	130	$72,450
Mayaguez, PR	130	$64,990
Arecibo, PR	90	$63,840

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

Key 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

Software and systems commonly involved: 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
• Accounting & Computer Science

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Related Careers

Careers similar 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