This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site. Majoring in business administration, statistics, accounting, economics, mathematics, or a related field could also be useful. The Semper Fi Fund provides financial assistance and support to service members and their families. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. Financial officers in the Army have many of the same responsibilities as a civilian accounting manager. COMMISSIONED OFFICER TRAINING 5.5 weeks. Iraq and Afghanistan Veterans of America (IAVA) is the nation's largest nonprofit, nonpartisan organization representing new veterans and their families. Food allowances were based on how many people were in the officer's family, but ranged from $242.60 to $1,100 per month. What is the vacation policy like at U.S. Air Force? As a Financial Manager, you’ll be in charge of the Army’s Finance Corps, who are responsible for purchasing services and supplies in order to sustain missions. Get to know the pay you are entitled to now, how to move up in your pay scale, and learn how to best manage your military paycheck at every pay level. This estimate is based upon 1 US Army Finance Officer salary report (s) provided by employees or estimated based upon statistical methods. The maximum pay for the rank, $3,619.20, was reached after three years of service. The U.S. Department of Defense issues a pay table annually that sets the amounts for basic pay, allowances and special payments. This estimate is based upon 8 US Army Financial Manager salary report(s) provided by employees or estimated based upon statistical methods. Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. Copyright 2020 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. This includes more than just base pay because military finance officers also receive housing allowances, incentives, bonuses, cost-of-living allowances, hazardous-duty pay, and other special benefits. As of 2013, housing allowances for a second lieutenant ranged between $660.90 and $1,034.10 per month. Special pays are provided for some service members based on occupational specialty or specific tasks performed. In the Army, majors have a pay grade of O-4, lieutenant colonels have an O-5 pay grade and colonels are an O-6. Interpersonal skills are important for military finance officers to provide financial reports and direct the work of other staff. How much does a Finance Officer make at U.S. Air Force in the United States? Copyright © 2008–2020, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Cash Bonus, Stock Bonus, Profit Sharing, Commission Sharing, Tips have not been reported for this role, US Army O5 - Army - Lieutenant Colonel Jobs, 7 Job Hunting Tips For When Businesses Aren’t Hiring, How to Write a Great Job Application Email, 4 Great Personal Statement Examples for Your CV, 6 Great Jobs You Can Get With the Help of Retraining Courses. The Army provides housing and food allowances to defray the cost of civilian quarters. Before you can be commissioned as a military finance officer, you’ll usually need to achieve at least a four-year bachelor’s degree from an accredited institution. Majors received between $1,212 and $1,394.10, lieutenant colonels from $1,308.30 to $1,581.60 and colonels received from $1,358.70 to $1,640.70. Military finance officers are highly respected for handling all financial aspects of defense organizations to make certain our country is protected. Minimum wage may differ by jurisdiction and you should consult the employer for actual salary figures. Military finance officers may face competition against Armed Forces members moving through the ranks. The typical US Army Financial Manager salary is $105,268. Most people think they are paid fairly at U.S. Air Force, Get weekly updates, new jobs, and reviews. Starting pay for a captain was $3,835.50, increasing to $4,347.90 at two years, $4,692 at three years and $5,116.50 at four years. As emerging global conflicts pose risks our national security, it’s expected that even more money will be sent to deter and fight these threats with military force. Military finance officers are given more responsibility upfront to outpace the experience gained in the civilian business world. Earning your military salary is one thing; managing it well enough to cover your military lifestyle can require some maneuvering. Earning a Master of Science in Finance (MSF) or MBA in Finance could help you reach higher pay grades and advance as commander. In fact, officer pay is more complex because it includes the pay scales for Warrant Officers and for officers who started their careers as enlisted personnel. With three years in the Army, an O-2 earned $4,347, and with four years, pay was $4,493.70. Most will report directly to the commander to provide data on the management of funds. Copyright © 2008 - 2020 Privacy Policy Military finance officers are given the significant responsibility of sustaining missions by disbursing money to manage payroll, purchase supplies, and support military services.

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