Finance Manager Salary

Average Finance Managers in the United States make around $85K per year. Including potential for bonuses and profit sharing — peaking near $20K and $13K, respectively — total cash payment to Finance Managers can bottom out near $46K or peak near $129K depending on individual performance. The company is the biggest factor affecting pay for this group, followed by the particular city and experience level. Women are just slightly outnumbered, with male Finance Managers making up 54 percent of survey respondents. Work is enjoyable for Finance Managers, who typically claim high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance.

$47,057 - $117,364
(Median)
$47K
$85K
$120K
MEDIAN: $84,800
10%
50%
90%

Add this chart to your site: 640px    300px

$12.65 - $44.00
(Median)
$13
$20
$44
MEDIAN: $19.00
10%
50%
90%

Add this chart to your site: 640px    300px

National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Salary
$47,057 - $117,364  
   
Bonus
$504 - $19,790  
Profit Sharing
$310.94 - $13,225  
Commission
$1,174 - $86,611  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,844 - $128,912  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 6,395
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$25$50$75
Hourly Rate
$12.65 - $44.00  
   
Hourly Tips
$0.05  
Overtime
$0.00 - $49.80  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50K$100K$150K
Bonus
$504 - $19,790  
   
Commission
$1,174 - $86,611  
Profit Sharing
$310.94 - $13,225  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$45,844 - $128,912  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 334
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Job Description for Finance Manager

Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They must take ownership of various projects and delegate them to their staff. They follow up with their staff regarding project progress.

Read More...

Finance Manager Tasks

  • Identify areas for cost reductions and operational improvements.
  • Provide analyses to Operations team.
  • Prepare informational analyses on current processes, actual performance versus budget and prior year data.
  • Assist Operations team in Monthly Operations Review.

Common Career Paths for Finance Manager


Add this chart to your site:   640px 640px    300px 300px


At the upper end, Finance Managers who move into a VP of Finance role can end up with a hefty increase in pay. The average income for VPs of Finance is a much higher $137K per year. The most common promotion for Finance Managers is Finance Director, a position that typically pays $104K annually. Another standard transition for Finance Managers seeking advancement is to assume a Financial Controller role, where pay is often $77K.

Finance Manager Job Listings

Search for more jobs:

Popular Employer Salaries for Finance Manager


Many Finance Managers can be found at Microsoft Corp, NBC Universal, Inc., The Walt Disney Company, Cisco Systems Inc, and L'Oreal USA, firms that are at the top of the field. Hewlett-Packard Company offers the largest salaries in town ($140K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $77K to $161K. Also paying near the top of the field are Johnson & Johnson at $130K, Cisco Systems Inc at $130K, and J.P. Morgan Chase & Co. (JPMCC), where Finance Managers annually earn $128K.

Other low-paying employers include Jones Lang LaSalle at $82K and Raytheon Co. at $91K, though some Finance Managers there earn up to $130K.

Popular Skills for Finance Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Financial Modeling, Strategic Planning, Forecasting, and Financial Analysis are correlated to pay that is above average, with boosts between 12 percent and 16 percent. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Accounts Payable and Accounts Receivable also typically command lower compensation. Most people experienced in Financial Analysis also know Forecasting, Budgeting, and Accounting. Most people experienced in Financial Reporting also know Accounting.

Pay by Experience Level for Finance Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Respondents with less than five years' experience take home $72K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $93K. The average pay reported by folks with 10 to 20 years of experience is around $98K. Survey respondents who have worked for more than 20 years actually report somewhat lower incomes of $82K.

Pay Difference by Location

National Average: $89,162

Larger city markers indicate a job is popular in that location.

For Finance Managers, San Jose provides a pay rate that is 46 percent greater than the national average. Finance Managers will also find cushy salaries in San Francisco (+28 percent), Houston (+20 percent), Seattle (+16 percent), and Dallas (+15 percent). Trailing the national average by 7 percent, Washington is the market with the smallest paychecks.

Finance Manager Reviews

What is it like working as a Finance Manager?

Finance Manager in Covington:
"Finance Manager."
Pros: Most of my day is spent coaching associates to perform in customer service and developing skill sets.

Finance Manager in Dayton:
"What I Like."
Pros: Managing people and I like the responsibilities of being a manager.
Cons: The hours spent at work and traveling.

What is it like working as a Finance Manager at American Express Co. (AMEX)?

Finance Manager in New York:
Pros: Decent company, with good benefits and great vacation days. Many groups allow telecommuting once a week or as needed.
Cons: There are layoffs once a year or two, as in most large companies.

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

Experience Affects Finance Manager Salaries



National Average
$89,000



Skills That Affect Finance Manager Salaries





Budgeting
up arrow 4%

Data Analysis
up arrow 4%

National Average
$89,000

Budget Management
up arrow 2%

Financial Reporting
up arrow 3%

Microsoft Excel
up arrow 3%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1106 votes.

Gender

Female
46 %
Male
54 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
35%
10-19 years
33%
20 years or more
14%

Common Health Benefits

medical benefits
Medical: 88%
dental benefits
Dental: 78%
medical benefits
Vision: 66%
dental benefits
None: 10%
ADVERTISEMENT