Financial managers and directors Pay Data UK — 2024

Financial managers and directors roles in the UK earn a median of £62,719 per year, equivalent to £34.10 per hour as of 2024. This represents a 6.5% increase in annual pay compared to the previous year. Pay varies across the UK, ranging from £44,155 to £126,746 per year.

How Pay Varies Across the UK

Each bar shows how many areas of the UK have a median annual pay in that range for Financial managers and directors roles. The dashed line marks the national median.

Based on sub-regional area data. Want a precise figure for your area?

About Financial managers and directors

Financial managers and directors plan, organise, direct and co-ordinate the financial information of companies, the activities and resources of financial institutions, such as banks and insurance companies, and advise on company financial policy.

Typical Tasks and Duties

• participates in the formulation of strategic and long-term business plans, assesses the implications for the organisation financial mechanisms and oversees their implementation
• plans external and internal audit programmes, arranges for the collection and analysis of accounting, budgetary and related information, and manages the company’s financial systems
• determines staffing levels appropriate for accounting activities
• assesses and advises on factors affecting business performance
• plans, organises, directs and co-ordinates the activities of financial institutions
• ensures compliance with accounting, recording and information storage, retrieval procedures and the statutory regulatory framework

Entry Routes and Qualifications

Entry is most common with a relevant degree or equivalent qualification, although it is possible with A levels/H grades, S/NVQ levels 4 and 5. Those with higher qualifications may obtain accelerated training. Internal promotion to management is possible and on-the-job training is provided. Professional qualifications are available and are required or mandatory for certain posts.

Related Occupations

Salary data is sourced from official UK pay datasets and updated periodically.