1131 Financial managers and directors

In short

• ONS unit group 1131, in minor group 113 (Functional managers and directors) and major group 1 (Managers, directors and senior officials).
• Appendix Skilled Occupations (figures as at 3 August 2026, re-checked 26 October 2026): On the list: Table 1, Table 2.
• Going rate as the tables print it:
  • Table 1, Going rate (SW – options A and D): £75,100 (£38.51 per hour)
  • Table 2, Going rate (SW – options F and I, GBM and SCU): £49,700 (£25.49 per hour)

What the ONS says

Description

Financial managers and directors plan, organise, direct and co-ordinate the financial information of companies, the activities and resources of financial institutions, such as banks and insurance companies, and advise on company financial policy.

Typical entry routes

Entry is most common with a relevant degree or equivalent qualification, although it is possible with A levels/H grades, S/NVQ levels 4 and 5. Those with higher qualifications may obtain accelerated training. Internal promotion to management is possible and on-the-job training is provided. Professional qualifications are available and are required or mandatory for certain posts.

Tasks

• participates in the formulation of strategic and long-term business plans, assesses the implications for the organisation financial mechanisms and oversees their implementation
• plans external and internal audit programmes, arranges for the collection and analysis of accounting, budgetary and related information, and manages the company’s financial systems
• determines staffing levels appropriate for accounting activities
• assesses and advises on factors affecting business performance
• plans, organises, directs and co-ordinates the activities of financial institutions
• ensures compliance with accounting, recording and information storage, retrieval procedures and the statutory regulatory framework

Related job titles

• Bank Manager
• Finance Director
• Insurance Manager
• Investment banker
• Treasury manager

What the Appendix Skilled Occupations says

The Appendix lists this code in the tables below, with the tables’ own caption and the row as printed. Read the full table, and any condition in it, on GOV.UK.

Table 1: Eligible SOC 2020 occupation codes and related going rates based on median Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

1131 Financial managers and directors

Examples of related job titles (non-exclusive)

• Bank, building society and post office managers
• Company secretaries and finance managers and directors
• Investment bankers and directors
• Financial managers and directors not elsewhere classified

Going rate (SW – options A and D)

£75,100 (£38.51 per hour)

90% of going rate (SW – option B)

£67,600 (£34.67 per hour)

80% of going rate (SW – option C)

£60,100 (£30.82 per hour)

70% of going rate (SW – option E)

£52,600 (£26.97 per hour)

Eligible for PhD points (SW)?

Yes

Table 2: Eligible SOC 2020 occupation codes and related going rates based on 25th percentile Annual Survey of Hours and Earnings (ASHE) data

SOC 2020 occupation code

1131 Financial managers and directors

Equivalent SOC 2010 occupation code(s)

1131, 1150

Examples of related job titles (non-exclusive)

• Bank, building society and post office managers
• Company secretaries and finance managers and directors
• Investment bankers and directors
• Financial managers and directors not elsewhere classified

Going rate (SW – options F and I, GBM and SCU)

£49,700 (£25.49 per hour)

90% of going rate (SW – option G)

£44,700 (£22.92 per hour)

80% of going rate (SW – option H)

£39,700 (£20.36 per hour)

70% of going rate (SW – option J, GTR)

£34,800 (£17.85 per hour)

Eligible for PhD points (SW)?

Yes

Other unit groups in minor group 113

• 1132 Marketing, sales and advertising directors
• 1133 Public relations and communications directors
• 1134 Purchasing managers and directors
• 1135 Charitable organisation managers and directors
• 1136 Human resource managers and directors
• 1137 Information technology directors
• 1139 Functional managers and directors n.e.c.

Sources

Occupation text: Office for National Statistics, SOC 2020 Volume 1: structure and descriptions of unit groups (file dated 27 August 2026, version V13). Contains public sector information licensed under the Open Government Licence v3.0. Open Government Licence v3.0. Tables: Home Office, Immigration Rules Appendix Skilled Occupations on GOV.UK, page updated 3 August 2026; re-checked against the page updated 8 October 2026 on 26 October 2026, tables unchanged.

All 412 occupation codes

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