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Treasurers and Controllers
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Description: what do they do?
Direct financial activities, such as planning, procurement, and investments for all or part of an organization.
Also known as:
Comptroller, Controller, Corporate Controller, Corporate Treasurer, Regional Controller, School Treasurer, Treasurer, Treasury Consultant

    What does this information tell me?

    This description is a quick overview of what workers in this career might do.

    "Also known as" shows other common names for this career.

    What is the source of this information?

    This information comes from an O*NET database. Learn more on the Help page.

Career video
    Transcript: Treasurers and Controllers might sound like shipmates who guard the loot on a ship at sea, but in reality they are much more prudent. Treasurers and controllers direct financial planning, procurement, and investment strategies that keep businesses not just running, but growing. As a treasurer or controller, you are responsible for managing your organization’s budget, and for developing policies that promote accurate financial documentation, efficient cash and credit management, and ethical investments. You must be aware of federal and state rules, and current accounting standards. These jobs are all about documentation. Financial statements, business activity reports, financial position forecasts, and annual budgets are just a few of the regular, critical methods of recording financial activity that a treasurer must master. Strong writing and math skills are needed to communicate with the regulatory agencies within and outside of your organization. A job as a treasurer or controller demands the specialization of a master’s degree or higher, often in accounting or financial management. Five years of experience in financial management is a typical prerequisite. Treasurers and controllers may not get to work with chests full of gold and rubies, but the organizations that rely on their careful planning and direction are very thankful for the work they do.
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Outlook: will there be jobs?
Image. Employment outlook for this occupation
New job opportunities are very likely in the future.

This occupation is:
  • Expected to grow much faster than average


    What does this information tell me?

    Outlook information can tell you whether a career is expected to be in demand in the future—that is, whether there are likely to be job openings if you choose this career. Please note that this does not account for the impacts of the current pandemic. Many occupations are likely to have very different outlooks due to the rapidly changing economy. When new outlook information is developed, it will be reflected here.

    Careers can have one of three outlooks:

    • A Bright outlook means new job opportunities are very likely in the future
    • An Average outlook means that a small number of new job opportunities are likely in the future (less than an 8 percent increase)
    • A Below Average outlook means new job opportunities are less likely in the future

    You can also view local job listings in this field by clicking "Find job openings". This can help you see if local businesses are hiring—another way of looking at demand.

    What is the source of this information?

    This information comes from O*NET Bright Outlook occupations and My Next Move career outlook designations. Note this information is only available at a national level, so even if you selected a state, you’ll see this information for the whole country.

Projected employment
Indiana
7,840
2018 Employment
9,100
2028 Employment
16%
Percent change
780
Annual projected job openings
United States
697,900
2019 Employment
806,000
2029 Employment
16%
Percent change
59,600
Annual projected job openings
You’re seeing projected employment information for Financial Managers because we don’t have information for Treasurers and Controllers.

    What does this information tell me?

    Projected employment shows how much employment is expected to grow in this occupation over a 10-year period. This can help you decide if this career is a good choice for future job opportunities. You can look at projected employment in your state, or in other states where you might consider living.

    You can see the total number of people employed in this occupation in 2018 (for states) or 2019 (for the United States), the number expected to be employed in 2028 (for states) or 2029 (for the United States), and rate of growth over those years.

    The projections are based on assumptions of unemployment rates and labor productivity growth rates.  While the projected numbers may not be exact, they are helpful to compare one career to another, or one location to another.

    Please note that these projections do not account for the impacts of the current pandemic. Many occupations are likely to have very different projections due to the rapidly changing economy. When revised data are available, they will be published here.

    What is the source of this information?

    State-level data come from Projections Central and each state's Labor Market Information office, 2018-28.

    National-level data come from the Bureau of Labor Statistics Employment Projections, 2019-29.

Typical wages

Annual wages for Financial Managers* in South Bend-Mishawaka, IN-MI Metro Area
This graph displays wage data.  Find details by selecting the table view.
* You’re seeing wages for Financial Managers because we don’t have information for Treasurers and Controllers.
This chart displays wage data.  Find details by selecting the table view.
LocationSouth Bend-Mishawaka, IN-MI Metro AreaUnited States
10%$68,790$70,830
25%$84,760$95,770
Median$114,770$134,180
75%$142,860$186,030
90%$208,000+$208,000+


    What does this information tell me?

    This chart shows you a range of how much most workers in this occupation earn per hour, in the location that you selected.

    You can select from three views of this data:

    • The Graph shows you wages at the 10th, 25th, 50th, 75th and 90th percentiles. Note that the lowest (10th %ile) wage shown is not necessarily a "starting wage." Instead it means that 10 percent of all workers in this career earn less that this amount, and 90 percent earn more. However, you can assume that you might earn close to the 10th or 25th %ile wages when you start out in most careers.
    • Select "Chart" to see a visual comparison between national wages and wages in the location you selected.
    • Select "Table" to see more wage data the national and local level.

    Please note that wage data are not available at the city or ZIP code level. If you selected a city or ZIP code, you will see wage data for the regional area.

    You can learn more about wages for this and other occupations by clicking “See more wages” above.

    What is the source of this information?

    The wage information comes from the Bureau of Labor Statistics, Occupational Employment and Wage Statistics Program, May 2020 survey. For more detailed state wage data, please find the link to your state's wage data program in the Other Resources box.

Education and experience: to get started
People starting in this career usually have:
  • Bachelor's degree
  • 5 years or more work experience
  • No on-the-job training

Programs that can prepare you:
You’re seeing education information for Financial Managers because we don’t have information for Treasurers and Controllers. Please note the information may not be the same for both occupations.

    What does this information tell me?

    This shows you the typical level of education, work experience, and on-the-job training that most people have when they start in this career. Note that these are not requirements for entering this field, but the information can help you understand how qualified you might be.

    Interested in starting in this career? You can search for education programs in your local area by clicking “Find local training” above.

    What is the source of this information?

    This information comes from the U.S. Department of Labor's Bureau of Labor Statistics Employment Projections, Education and training assignments by detailed occupation, 2019.

Typical education
How much education do most people in this career have?
Chart. Percent of workers in this field by education level attained
You’re seeing education information for Financial Managers because we don’t have information for Treasurers and Controllers. Please note the information may not be the same for both occupations.

    What does this information tell me?

    This chart shows you the range of education levels that people who currently work in this field have. You can use this to see if you fit in this range. Note that this includes ALL people who work in this field and not just those getting started.

    Interested in getting qualified for this career? You can search for programs that lead to the education needed, in your local area, by clicking “Find local training” above.

    What is the source of this information?

    This information comes from the Bureau of Labor Statistics Employment Projections, Educational attainment for workers 25 years and older by detailed occupation, 2018.

Certifications: show your skills
Let employers know you have the skills to do well at this job.
Earning a certification can help you:
  • Get a job
  • Get a promotion

    What does this information tell me?

    When you click "Find certifications" you'll see a list of national certifications that are related to this career. From there, you can learn how to achieve one of these certifications to help you enter or get ahead in this field.

    What is the source of this information?

    This collection of occupational certifications is collected and regularly updated by CareerOneStop. Learn more at Certification Finder Help.

Licenses: do you need one?
Some states require an occupational license to work in this career.

    What does this information tell me?

    When you click "Find license details in your state" you'll see the license name and contact information for the agency in your state that oversees licensing for this field. If you have not selected a location, you'll see a list of all state licenses for this occupation.

    What is the source of this information?

    Information on licensed occupations is gathered in each state by Labor Market Information units under a grant from the U.S. Department of Labor. Learn more at License Finder Help.

Apprenticeships: learn on the job
Apprenticeships combine paid on-the-job-training with classroom lessons.

Activities: what you might do in a day
  • Determine resource needs.
  • Recommend organizational process or policy changes.
  • Direct financial operations.
  • Prepare financial documents, reports, or budgets.
  • Compile operational data.
  • Establish interpersonal business relationships to facilitate work activities.
  • Monitor organizational compliance with regulations.
  • Monitor flow of cash or other resources.
  • Supervise employees.
  • Approve expenditures.
  • Develop operating strategies, plans, or procedures.
  • Develop organizational policies or programs.
  • Collect payments for goods or services.
  • Prepare reports related to compliance matters.
  • Analyze financial records to improve budgeting or planning.
  • Evaluate employee performance.
  • Analyze financial records to improve efficiency.
  • Manage control system activities in organizations.
  • Conduct financial or regulatory audits.
  • Maintain knowledge of current developments in area of expertise.
  • Advise others on business or operational matters.
  • Calculate financial data.
  • Prepare operational budgets.
  • Administer compensation or benefits programs.
  • Conduct employee training programs.
  • Determine pricing or monetary policies.

    What does this information tell me?

    This is a list of typical work activities that people in this career might do on the job. You can use this list to get an idea of whether this career might be a good fit for you.

    Click on “More activities” to see more detailed examples of activities for this career.

    You can also use this list to help you prepare for a job interview. Or, if you’ve already held a job like this, you can copy these activities to use on your resume.

    What is the source of this information?

    This information comes from O*NET OnLine's Occupation Information. They are O*NET’s Detailed Work Activities.

Knowledge
People in this career often know a lot about:
  • Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

    What does this information tell me?

    This is a list of general knowledge areas that are most commonly required for jobs in the career. Knowledge is typically gained through education and related experience.

    This list can help you learn if you are prepared for a job in this career. It can also help you decide on education or training programs that could help you prepare for the career.

    What is the source of this information?

    This information comes from the O*NET Resource Center. Learn more about O*NET's Knowledge descriptors.

Skills
People in this career often have these skills:
  • Complex Problem Solving - Noticing a problem and figuring out the best way to solve it.
  • Reading Comprehension - Reading work-related information.
  • Critical Thinking - Thinking about the pros and cons of different ways to solve a problem.
  • Judgment and Decision Making - Thinking about the pros and cons of different options and picking the best one.
  • Management of Financial Resources - Making spending decisions and keeping track of what is spent.
  • Speaking - Talking to others.
  • Active Listening - Listening to others, not interrupting, and asking good questions.
  • Monitoring - Keeping track of how well people and/or groups are doing in order to make improvements.
  • Mathematics - Using math to solve problems.
  • Writing - Writing things for co-workers or customers.
  • Active Learning - Figuring out how to use new ideas or things.
  • Systems Evaluation - Measuring how well a system is working and how to improve it.
  • Coordination - Changing what is done based on other people's actions.
  • Time Management - Managing your time and the time of other people.

    What does this information tell me?

    This is a list of a list the work-related skills most commonly required for jobs in the career.

    This list can help you understand how well your current skills fit this career. It can also help you plan your education or professional development.

    What is the source of this information?

    This information comes from the O*NET Resource Center. Learn more about O*NET's Skills descriptors.

Abilities
People in this career often have talent in:
  • Inductive Reasoning - Making general rules or coming up with answers from lots of detailed information.
  • Written Comprehension - Reading and understanding what is written.
  • Problem Sensitivity - Noticing when problems happen.
  • Near Vision - Seeing details up close.
  • Deductive Reasoning - Using rules to solve problems.
  • Oral Expression - Communicating by speaking.
  • Written Expression - Communicating by writing.
  • Oral Comprehension - Listening and understanding what people say.
  • Information Ordering - Ordering or arranging things.
  • Mathematical Reasoning - Choosing the right type of math to solve a problem.
  • Number Facility - Adding, subtracting, multiplying, or dividing.
  • Speech Recognition - Recognizing spoken words.
  • Speech Clarity - Speaking clearly.
  • Category Flexibility - Grouping things in different ways.

    What does this information tell me?

    This is a list of a list of personal qualities that might influence work and are most commonly required for success in this career.

    This list can help you understand if your natural strengths and abilities are a good fit for this career.

    What is the source of this information?

    This information comes from the O*NET Resource Center. Learn more about O*NET's Abilities descriptors.

Interests
  • Conventional - Occupations related to Conventional interests frequently involve following set procedures and routines. They include working with data and details more than with ideas. Usually there is a clear line of authority to follow.
  • Enterprising - Occupations with Enterprising interests frequently involve starting up and carrying out projects. Many involve leading people and making many decisions. Sometimes they require risk taking and often deal with business.

    What does this information tell me?

    This is a list of work environment-preferences that are most commonly associated with the career. It can help you understand if your natural interests are a good fit for this career.

    Click "Take an interest assessment" for a quick 30-question assessment that can help you understand your interests and see careers that might be good matches for them.

    What is the source of this information?

    This information comes from the O*NET Resource Center. Learn more about O*NET's Interest descriptors.

Typical tasks
  • Evaluate needs for procurement of funds and investment of surpluses and make appropriate recommendations.
  • Delegate authority for the receipt, disbursement, banking, protection, and custody of funds, securities, and financial instruments.
  • Prepare and file annual tax returns or prepare financial information so that outside accountants can complete tax returns.
  • Develop and maintain relationships with banking, insurance, and external accounting personnel to facilitate financial activities.
  • Monitor financial activities and details, such as cash flow and reserve levels, to ensure that all legal and regulatory requirements are met.
  • Supervise employees performing financial reporting, accounting, billing, collections, payroll, and budgeting duties.
  • Receive, record, and authorize requests for disbursements in accordance with company policies and procedures.
  • Develop internal control policies, guidelines, and procedures for activities, such as budget administration, cash and credit management, and accounting.
  • Coordinate and direct the financial planning, budgeting, procurement, or investment activities of all or part of an organization.
  • Receive cash and checks and make deposits.
  • Prepare or direct preparation of financial statements, business activity reports, financial position forecasts, annual budgets, or reports required by regulatory agencies.
  • Perform tax planning work.
  • Monitor and evaluate the performance of accounting and other financial staff, recommending and implementing personnel actions, such as promotions and dismissals.
  • Analyze the financial details of past, present, and expected operations to identify development opportunities and areas where improvement is needed.
  • Conduct or coordinate audits of company accounts and financial transactions to ensure compliance with state and federal requirements and statutes.
  • Maintain current knowledge of organizational policies and procedures, federal and state policies and directives, and current accounting standards.
  • Advise management on short-term and long-term financial objectives, policies, and actions.
  • Compute, withhold, and account for all payroll deductions.
  • Provide direction and assistance to other organizational units regarding accounting and budgeting policies and procedures and efficient control and utilization of financial resources.
  • Handle all aspects of employee insurance, benefits, and casualty programs, including monitoring changes in health insurance regulations and creating budgets for benefits and worker's compensation.
  • Lead staff training and development in budgeting and financial management areas.
  • Determine depreciation rates to apply to capitalized items and advise management on actions regarding the purchase, lease, or disposal of such items.

    What does this information tell me?

    This is a list of typical tasks that people in this career might do on the job.  You can use this list to get an idea of whether this career might be a good fit for you.

    Click on “More tasks” to see more detailed examples for this career.

    You can also use this list to help you prepare for a job interview. Or, if you’ve already held a job like this, you can copy these tasks to use on your resume.

    What is the source of this information?

    This information comes from O*NET OnLine's Occupation Information. They are O*NET‘s Tasks.

    What does this information tell me?

    These are additional online resources related to this career. You may find different or more detailed information at these sources.

    What is the source of this information?

    This information is collected and maintained by CareerOneStop.