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Finance Manager Salary

Commissions comprise a big part of overall income for Finance Managers. The median take-home amount in this area is around $88K, and on average, around one in three of that final number comes from commissions. In the world of Finance Managers, overall cash allowance can occasionally include more than $20K from bonuses and, in some exceptional cases, $13K from profit sharing, causing incomes to vary widely between $45K and $127K. This group's pay is mainly influenced by the company, followed by geography and tenure. Most Finance Managers like their work and job satisfaction is high. Men working as Finance Managers who took the survey just slightly outnumber women at 54 percent. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part.

$46,490 - $115,109
(Median)
$46K
$84K
$120K
MEDIAN: $83,667
10%
50%
90%

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$12.61 - $41.69
(Median)
$13
$19
$42
MEDIAN: $19.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$46,490 - $115,109  
   
Bonus
$497.68 - $19,504  
Profit Sharing
$966 - $13,062  
Commission
$1,208 - $87,714  
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).
)
$45,312 - $126,720  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 5,526
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$25$50$75
Hourly Rate
$12.61 - $41.69  
   
Overtime
$0.00 - $57.25  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Bonus
$497.68 - $19,504  
   
Commission
$1,208 - $87,714  
Profit Sharing
$966 - $13,062  
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).
)
$45,312 - $126,720  
Country: United States | Currency: USD | Updated: 1 Apr 2015 | Individuals Reporting: 287

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Job Description for Finance Manager

Finance managers are responsible for analyzing the financials within an organization. They review debit, credit, cash flow, and expenses along with profits and losses. Every month, finance managers prepare reports for senior management to review. Budgets and costs of departmental operations are discussed. Managers are in charge of leading a team of accountants whose jobs it is to maintain the general ledger on a daily basis. Most financial positions require a degree; managers may work their way up the corporate ladder through the accounting department, but only after they demonstrate their extensive knowledge of cash management. It’s up to the finance manager to show how all costs are allocated throughout the company, providing information on capital and revenue. Finance managers are expected to show any issues of bad debt, including bill collection. They work to identify future capital and maintain cash flow information. It’s up to the manager to coordinate all analyses between the accounts payable, accounts receivable and the collections department. Each department plays an important role in the future of the company, so gathering such information every month is critical to the business. Most finance managers work closely with CEOs, CFOs, and the controller as well the accounting group. Maintaining all of this information can be challenging. That’s why having a good background in time management, advance accounting and good work ethics is so vital. The expression “month end” means that all of the money that’s done throughout the month needs to be booked in order to show what the company does on a monthly and a yearly basis. Accountants work extensive hours to gather this information.


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


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For Finance Managers, progressing to a VP of Finance role may result in a significant raise. On average, a VP of Finance can earn $136K annually. Going from Finance Manager to Finance Director is the transition that occurs most often in this field, where the paychecks are $102K. Many others choose to work as Financial Controllers, where pay is typically $77K.

Finance Manager Job Listings

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Popular Employer Salaries for Finance Manager


Known for taking on a considerable number of Finance Managers, Microsoft Corp, Cisco Systems Inc, NBC Universal, Inc., PepsiCo Inc, and L'Oreal USA are leading firms in the industry. Although Johnson & Johnson offers the highest salaries (median pay is $127K), survey participants reported a rather limited pay range of $104K to $154K. Also paying near the top of the field are Cisco Systems Inc at $125K, Hewlett-Packard Company at $123K, and The Gap Inc., where Finance Managers annually earn $118K.

Employees at Morgan Stanley, Jones Lang LaSalle, and PepsiCo Inc can also expect below-average earnings of $80K, $86K, and $96K.

Popular Skills for Finance Manager


Survey results imply that Finance Managers deploy a deep pool of skills on the job. Most notably, skills in Financial Modeling, Strategic Planning, Forecasting, and Financial Analysis are correlated to pay that is above average, with boosts between 13 percent and 17 percent. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. Accounts Receivable and Windows Operating System General Use also typically command lower compensation. A tool kit that includes Financial Reporting also typically contains Accounting. Most people familiar with Financial Analysis also know Forecasting, Budgeting, and Accounting.

Pay by Experience Level for Finance Manager

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


Relatively untried employees who have less than five years' experience make $71K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $92K. Finance Managers bring in $97K after working for 10 to 20 years. Folks who claim more than 20 years of relevant experience actually report a comparatively lower median income of $83K.

Pay Difference by Location


For Finance Managers, working in the bustling city of San Jose has its advantages, including an above-average pay rate. Finance Managers can also look forward to large paychecks in cities like San Francisco (+27 percent), Dallas (+15 percent), Denver (+14 percent), and Seattle (+14 percent). Washington ranks last in the field for pay, reporting salaries 7 percent below the national average.

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)

Experience Affects Finance Manager Salaries



National Average
$88,000



Skills That Affect Finance Manager Salaries







National Average
$88,000

Budget Management
up arrow 1%

Financial Reporting
up arrow 2%

Microsoft Excel
up arrow 4%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1175 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
34%
20 years or more
13%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 65% employee benefits None: 10%