Financial Managers, Branch or Department
SOC: 11-3031.02 · Job Zone 4 (Considerable preparation)
Direct and coordinate financial activities of workers in a branch, office, or department of an establishment, such as branch bank, brokerage firm, risk and insurance department, or credit department.
AI Impact Summary
Financial Managers, Branch or Department faces moderate AI displacement risk with a score of 36/100. Significant displacement is estimated between 2041 and 2051. Of 21 analyzed tasks, 6 are highly automatable, particularly in routine_cognitive. Strong protective factors — including social intelligence, creativity, or regulatory barriers — significantly reduce effective risk.
Wage & Employment (2024)
Median Wage
$161,700
per year
Mean Wage
$180,470
per year
Employment
819K
workers
Wage Range
$86,490 - N/A
10th - 90th pct
Protective Factors
Total protective discount: 24.8%
Skill Analysis
AI-Vulnerable Skills (6)
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Programming is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
AI-Resistant Skills (7)
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
Coordination is AI-resistant — strengthening this skill provides durable career protection.
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
Instructing is AI-resistant — strengthening this skill provides durable career protection.
Manual Dexterity is AI-resistant — strengthening this skill provides durable career protection.
AI-Augmented Skills (5)
Recommendations
Skills to Develop
These skills are at risk from AI automation. Financial Managers, Branch or Department professionals should diversify beyond them.
- Reading Comprehension
High reliance on Reading Comprehension is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Information Ordering
High reliance on Information Ordering is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Mathematics
High reliance on Mathematics is a risk area. Consider developing complementary AI-resistant skills to maintain value.
- Memorization
Memorization is AI-vulnerable but has moderate importance in this role. AI tools may handle this; focus on higher-value skills.
Skills to Leverage
These human-centric skills remain difficult for AI to replicate. Double down here.
- Complex Problem Solving
Complex Problem Solving is AI-resistant — strengthening this skill provides durable career protection.
- Coordination
Coordination is AI-resistant — strengthening this skill provides durable career protection.
- Social Perceptiveness
Social Perceptiveness is AI-resistant — strengthening this skill provides durable career protection.
- Persuasion
Persuasion is AI-resistant — strengthening this skill provides durable career protection.
- Negotiation
Negotiation is AI-resistant — strengthening this skill provides durable career protection.
Tools to Adopt
AI can amplify these skills. Learn the tools that augment rather than replace your work.
- Critical Thinking
Critical Thinking will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Judgment and Decision Making
Judgment and Decision Making will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Writing
Writing will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Active Learning
Active Learning will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
- Systems Analysis
Systems Analysis will be enhanced by AI. Develop expertise in using AI tools for this skill to increase productivity.
Task Breakdown
21 tasks analyzed
Examine, evaluate, or process loan applications.
Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans.
Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter.
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.
Oversee the flow of cash or financial instruments.
Prepare financial or regulatory reports required by laws, regulations, or boards of directors.
Develop or analyze information to assess the current or future financial status of firms.
Recruit staff members.
Communicate with stockholders or other investors to provide information or to raise capital.
Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions.
Prepare operational or risk reports for management analysis.
Analyze and classify risks and investments to determine their potential impacts on companies.
Network within communities to find and attract new business.
Review collection reports to determine the status of collections and the amounts of outstanding balances.
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.
Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses.
Review reports of securities transactions or price lists to analyze market conditions.
Direct insurance negotiations, select insurance brokers or carriers, and place insurance.
Submit delinquent accounts to attorneys or outside agencies for collection.
| Task | Category | AI Capability | Risk Score | Time % |
|---|---|---|---|---|
| Examine, evaluate, or process loan applications. | Routine Cognitive | 80 | 81.2 | 6% |
| Approve, reject, or coordinate the approval or rejection of lines of credit or commercial, real estate, or personal loans. | Non-Routine Analytical | 55 | 49.0 | 7% |
| Establish and maintain relationships with individual or business customers or provide assistance with problems these customers may encounter. | Non-Routine Interpersonal | 20 | 23.0 | 10% |
| 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. | Non-Routine Interpersonal | 15 | 21.0 | 12% |
| Oversee the flow of cash or financial instruments. | Routine Cognitive | 80 | 81.2 | 5% |
| Prepare financial or regulatory reports required by laws, regulations, or boards of directors. | Routine Cognitive | 80 | 81.2 | 6% |
| Develop or analyze information to assess the current or future financial status of firms. | Non-Routine Analytical | 70 | 55.0 | 6% |
| Recruit staff members. | Non-Routine Interpersonal | 30 | 27.0 | 3% |
| Communicate with stockholders or other investors to provide information or to raise capital. | Non-Routine Interpersonal | 10 | 19.0 | 3% |
| Evaluate financial reporting systems, accounting or collection procedures, or investment activities and make recommendations for changes to procedures, operating systems, budgets, or other financial control functions. | Non-Routine Analytical | 60 | 51.0 | 5% |
| Prepare operational or risk reports for management analysis. | Routine Cognitive | 85 | 83.2 | 4% |
| Analyze and classify risks and investments to determine their potential impacts on companies. | Non-Routine Analytical | 65 | 53.0 | 5% |
| Network within communities to find and attract new business. | Non-Routine Interpersonal | 10 | 19.0 | 5% |
| Review collection reports to determine the status of collections and the amounts of outstanding balances. | Routine Cognitive | 85 | 83.2 | 3% |
| Evaluate data pertaining to costs to plan budgets. | Non-Routine Analytical | 65 | 53.0 | 4% |
| Oversee training programs. | Non-Routine Interpersonal | 25 | 25.0 | 3% |
| Establish procedures for custody or control of assets, records, loan collateral, or securities to ensure safekeeping. | Non-Routine Analytical | 45 | 45.0 | 3% |
| Plan, direct, and coordinate risk and insurance programs of establishments to control risks and losses. | Non-Routine Analytical | 55 | 49.0 | 3% |
| Review reports of securities transactions or price lists to analyze market conditions. | Non-Routine Analytical | 75 | 57.0 | 3% |
| Direct insurance negotiations, select insurance brokers or carriers, and place insurance. | Non-Routine Interpersonal | 15 | 21.0 | 2% |
| Submit delinquent accounts to attorneys or outside agencies for collection. | Routine Cognitive | 85 | 83.2 | 2% |
Community Assessment
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