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Financial Management information

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$34K

$92.5K

$129.4K

How much do financial management jobs pay per year?

As of Sep 11, 2026, the average yearly pay for financial management in Michigan is $92,528.00, according to ZipRecruiter salary data. Most workers in this role earn between $77,600.00 and $101,500.00 per year, depending on experience, location, and employer.

What is financial management?

Financial management is the planning, organizing, and directing of the economic activities of a company or organization. Financial decisions may include determining investments, creating budgets for different departments, and analyzing costs and profits of the company’s products or services to ensure maximum profitability, and meeting the company’s overall monetary goals and objectives. Higher-level executives typically handle financial management; they either oversee the finances themselves, or they may hire a third party to evaluate the financial condition of the organization and make suggestions to improve efficiency and cost-effectiveness.

What is financial management?

Financial management refers to the strategic planning, organizing, directing, and controlling of financial activities within an organization or business. It involves managing the company's finances to achieve its goals, including budgeting, forecasting, investment decisions, and risk management. Financial managers ensure that resources are used efficiently and help maximize profits while minimizing risks. Their role is crucial for the financial health and growth of an organization.

What are the key skills and qualifications needed to thrive in financial management, and why are they important?

To thrive in Financial Management, you need strong analytical abilities, a solid understanding of accounting principles, and a degree in finance, accounting, or a related field. Familiarity with financial modeling software, ERP systems like SAP, and relevant certifications such as CFA or CPA are highly valuable. Excellent communication, leadership, and decision-making skills help financial managers effectively guide teams and convey complex financial data to stakeholders. These competencies ensure sound financial planning, risk management, and strategic decision-making crucial for organizational success.

What are some common challenges faced by professionals in financial management roles?

Professionals in Financial Management often encounter challenges such as balancing multiple priorities, meeting tight reporting deadlines, and navigating complex regulatory environments. They are frequently required to provide accurate financial analysis while adapting to shifting business goals and market conditions. Additionally, effective communication and collaboration with other departments are crucial, as financial managers must translate financial data into actionable insights for both leadership and non-financial teams.

What is the difference between Financial Management vs Financial Analyst?

AspectFinancial ManagementFinancial Analyst
Primary RoleOversees financial planning, strategy, and decision-making for organizationsAnalyzes financial data, prepares reports, and supports investment decisions
Required CredentialsTypically a bachelor's degree in finance, accounting, or related field; often an MBA or CFA for senior rolesBachelor's degree in finance, accounting, or economics; CFA or CPA can be advantageous
Work EnvironmentCorporate offices, financial departments, or consulting firmsFinancial institutions, investment firms, or corporate finance teams
Employer & Industry UsageUsed across industries for strategic financial oversightCommonly employed in investment, banking, and corporate finance sectors

Financial Management focuses on strategic financial planning and decision-making at an organizational level, while Financial Analysts primarily analyze data and prepare reports to support financial decisions. Both roles require finance-related credentials and often work in similar environments, but their core responsibilities differ significantly.

What career can I do with financial management?

A degree or experience in financial management can lead to careers such as financial analyst, accountant, financial manager, or investment banker. These roles typically require strong analytical skills, knowledge of financial software, and sometimes professional certifications like CFA or CPA.
More about Financial Management jobs

What are the most commonly searched types of Financial Management jobs in Michigan?

The most popular types of Financial Management jobs in Michigan are:

What are popular job titles related to Financial Management jobs in Michigan?

For Financial Management jobs in Michigan, the most frequently searched job titles are:

What job categories do people searching Financial Management jobs in Michigan look for?

The top searched job categories for Financial Management jobs in Michigan are:

What cities in Michigan are hiring for Financial Management jobs?

Cities in Michigan with the most Financial Management job openings:

Financial Management jobs near you
Infographic showing various Financial Management job openings in Michigan as of August 2026, with employment types broken down into 1% As Needed, 79% Full Time, 14% Part Time, 2% Temporary, 3% Contract, and 1% Nights. Highlights an 84% Physical, 3% Hybrid, and 13% Remote job distribution, with an average salary of $92,528 per year, or $44.5 per hour.

Hyperion Financial Management Consultant

Troy, MI

Sonsoft Inc
IT Services • 51 - 200 employees
Learn more about Sonsoft Incexternal

Full-time

Re-posted 6 days ago

Job description

Company Description

SonSoft Inc. is a USA based corporation duly organized under the laws of the Commonwealth of Georgia. SonSoft Inc is growing at a steady pace specializing in the fields of Software Development, Software Consultancy, and Information Technology Enabled Services.

Job Description
  • Skills: HFM. FDMEE, HFR.
  • At least two end to end implementation experience in HFM (Financial Consolidation and Reporting)
  • At least 4+ years of hands-on experience in writing HFM rules, metadata design, Report creation in HFR
  • At least 4+ years of design and creation of Web forms
  • Proficient in smart view and excel functionalities
  • At least 4+ years of hands-on experience in FDMEE Mappings, Scripting.
  • At least 4+ years of knowledge of integration between Hyperion suite of Products eg: Extended analytics
  • Good understanding of Financial Consolidation and Reporting systems
  • Strong communication skills - written and verbal
  • At least 8+ years of overall experience in HFM Financial Consolidation systems.
  • At least 4+ years of DRM Knowledge will be an added advantage
  • Strong Analytical skills.
  • Team management experience is preferred
Qualifications
  • Bachelor's degree or foreign equivalent required from an accredited institution. Will also consider three years of progressive experience in the specialty in lieu of every year of education.
  • At least 4 years of experience within the Information Technologies.
Additional Information

** U.S. Citizens and those who are authorized to work independently in the United States are encouraged to apply. We are unable to sponsor at this time.

Note:-

  1. This is a Full-Time & Permanent job opportunity for you.
  2. Only US Citizen, Green Card Holder, GC-EAD, H4-EAD & L2-EAD can apply.
  3. No OPT-EAD, H1B & TN candidates, please.
  4. Please mention your Visa Status in your email or resume.

** All your information will be kept confidential according to EEO guidelines.

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About Sonsoft

Sourced by ZipRecruiter

Sonsoft , Inc. is a USA based corporation duly organized under the laws of the Commonwealth of Georgia. Sonsoft Inc. is growing at a steady pace specializing in the fields of Software Development, Software Consultancy and Information Technology Enabled Services.

Industry

It services

Company size

51 - 200 Employees

Headquarters location

Alpharetta, GA, US

Year founded

2007

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