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How much do money management jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for money management in the United States is $57.95, according to ZipRecruiter salary data. Most workers in this role earn between $44.23 and $67.79 per hour, depending on experience, location, and employer.

What is money management?

Money management refers to the process of budgeting, saving, investing, spending, and overseeing the capital usage of an individual or group. It involves creating financial plans, setting goals, tracking income and expenses, and making informed decisions to ensure financial stability and growth. Effective money management helps individuals avoid debt, build savings, and achieve long-term financial objectives.

What are the key skills and qualifications needed to thrive as a money manager, and why are they important?

To thrive as a Money Manager, you need strong analytical skills, financial acumen, and a relevant degree in finance, economics, or business, often paired with certifications like CFA. Proficiency with financial modeling software, portfolio management systems, and analytical tools such as Bloomberg Terminal is typically required. Excellent communication, decision-making, and client relationship skills help set top performers apart. These competencies are crucial for making informed investment decisions, managing risk, and building trust with clients in a dynamic financial environment.

What are some common challenges faced by professionals in money management roles, and how can they effectively address them?

Professionals in money management often encounter challenges such as adapting to rapidly changing market conditions, managing client expectations, and staying current with regulatory requirements. Effectively addressing these challenges requires continuous professional development, strong analytical skills, and proactive communication with clients and team members. Collaboration with other financial experts and leveraging advanced financial tools can also help mitigate risks and improve decision-making in this dynamic field.

What is the difference between Money Management vs Financial Advisor?

AspectMoney ManagementFinancial Advisor
CredentialsOften no formal certification required, but certifications like CFP or CFA are commonTypically holds certifications such as CFP, CFA, or CPA
Work EnvironmentCan be independent or part of financial firms, focusing on managing client assetsWorks in financial planning firms, banks, or as independent consultants
Employer & IndustryFinancial services, investment firms, or self-employedFinancial planning, wealth management, or investment advisory firms

Money Management involves overseeing and investing clients' assets, often with less formal certification, while Financial Advisors provide comprehensive financial planning and advice, usually holding specific certifications. Both roles operate within the financial industry but differ in scope and credentials.

How do I become a money manager?

To become a money manager, typically one needs a bachelor's degree in finance, economics, or a related field, along with relevant experience in financial services. Professional certifications such as the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) can enhance credibility and job prospects. Strong analytical skills, knowledge of investment strategies, and proficiency with financial software are also important for success in this role.

What do money managers make?

Money managers, also known as asset managers or investment managers, typically earn a salary that ranges from $60,000 to over $150,000 annually, depending on experience, location, and the size of the firm. Many also receive performance-based bonuses and may hold certifications like the CFA to advance their careers.
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Money Management jobs near you
Infographic showing various Money Management job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, and 2% Contract. Highlights an 89% Physical, 2% Hybrid, and 9% Remote job distribution, with an average salary of $120,531 per year, or $57.9 per hour.

Federal Work Study - Money Management Peer Finance Coach

City Colleges of Chicago

Chicago, IL • On-site

$19/hr

Full-time, Part-time

Re-posted 3 days ago

City Colleges Of Chicago rating

7.8

Company rating: 7.8 out of 10

Based on 7 frontline employees who took The Breakroom Quiz

237th of 630 rated colleges and universities

Job description

FEDERAL WORK STUDY - MONEY MANAGEMENT PEER FINANCIAL COACH
OLIVE-HARVEY COLLEGE - FINANCIAL AID DEPARTMENT
City Colleges of Chicago (CCC), the largest community college system in Illinois, is made up of seven colleges and five satellite sites, providing more than 70,000 students each year access to a quality, affordable education.
The Federal Work Study Program (FWS) is a federally-funded financial aid program that provides subsidized part-time employment for eligible students in order to assist them with postsecondary financial needs. City Colleges of Chicago (CCC) complies with the Department of Education's regulations regarding the FWS program and allows students to benefit from this opportunity.
PRIMARY OBJECTIVE:
The FWS program encourages students to gain experience in their prospective fields by placing them in areas and departments aligned with their area of study whenever possible. Students are able to use their wages towards educational and living expenses. FWS jobs are available in areas such as academic departments, laboratories, libraries, administrative offices, student centers and several off-campus locations.
The Money Management (M&M) Center will serve as a resource to prospective and new students. Financial literacy for students is an important tool to improve the financial capability of our youth and communities. Students should be taught how to handle money-both at home and in school. This will help reduce the economic impact of the long-term recession that now grips many communities across the country. The Peer Financial Coach will serve as a first-tier financial aid / business office student representative able to assist students with applying for financial aid programs, public benefits, and various financial resources available for eligible students enrolled in a degree or certificate.
ESSENTIAL DUTIES:
  • Assist Student Financial Aid Advisor in performing outreach activities, such as Resource Fairs, financial literacy, Financial Aid events and or campus related events.
  • Assist students with project go related duties.
  • Assist in the completion of financial aid applications and public benefits processes.
  • Peer Financial Counselors are expected to become adept at learning and understanding financial aid programs and public benefit options, which may be available to meet a wide range of student needs.
  • Peer Financial Counselor will also serve any community members looking to get information on applying for financial aid or wrap around services
  • Some Services will include:
  • Students can talk with a Peer Financial Coach, have your financial needs evaluated and receive confidential advice in a comfortable environment.
  • Create a financial survival plan for college.
  • Learn how to identify and track expenses during and after college.
  • Access free tax preparation software.
  • Locate external financial education resources.
  • Apply for governmental wrap around services (i.e. Snap, Medicaid, Child Care Assistance)
  • Learn how to gain additional financial resources such as scholarships, financial aid, and part-time employment/work study or government assistance.
  • Create a personalized financial plan for your remaining time until graduation.
  • Learn how to obtain, interpret and understand your personal credit report / score.
  • Understand the impact of identity theft and learn how to avoid it.
  • Graduate with a plan for repaying your student loans and personal debt.
  • Discover other offices and agencies on campus or in the community that could aid you may need.
  • Learn about new business startup opportunities & legislature.

QUALIFICATIONS:
  • GPA of 2.0
  • Consistently maintain 6 credit hours each semester;
  • Enrolled in a degree program
  • Maintain satisfactory academic progress;
  • Adhere to college's confidentiality policy;
  • Successfully pass background/drug screening;
  • Above average skills in: Interacting with people; assisting with online applications, and researching information
  • Excellent skills in: Making students feel comfortable about discussing personal, private information
  • Ability to prioritize student service experiences

ELIGIBILITY REQUIREMENTS:
  • Applicants must be 16 years or older, have work permit consent, and eligible to work in the United States
  • Applicants must be actively attending one of the City Colleges of Chicago
  • Applicants must be enrolled in a minimum of 6 semester hours of pre-credit or credit classes
  • Applicants must be pursuing an approved educational credential, degree, or certificate
  • Applicants must have and maintain a minimum cumulative 2.0 GPA (waived for first semester new students)
  • Applicants must be in "good standing" - no City Colleges of Chicago academic restrictions
  • Applicants must not be current Full or Part-time employees of the City Colleges of Chicago
  • All positions are "employment at-will"
    Student worker rate is $19.00/hr. If variance from $17.05/hr is required, College HR/Recruitment must discuss with District Compensation.
    The rate paid is in accordance with City Colleges approved salary scale.

NOTE: All Peer Financial Coaches must attend a free mandatory training on peer financing in which the College will train and certify you to speak with fellow students and community members.
We are an equal opportunity and affirmative action employer.
Thank you for your interest in City Colleges of Chicago
TBD

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