Finance Manager Salary

Finance Managers in the United States can expect to earn an average of $85K annually. Including potential for bonuses, profit sharing and commission — peaking near $20K, $13K, and $87K, respectively — total cash payment to Finance Managers can bottom out near $46K or top out at around $129K. The particular firm is the main element affecting pay for this group — geography and years of experience are driving factors as well. 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 more than half. Work is enjoyable for Finance Managers, who typically claim high levels of job satisfaction.

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

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

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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
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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.

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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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As Finance Managers transition into upper-level roles such as VP of Finance, they may see a strong upturn in salary. VPs of Finance earn $137K on average per year. A Finance Director role is the most common promotion for Finance Managers moving up the ladder, and pay for the position tends to be around the $104K mark. Another typical, albeit less common, transition for Finance Managers is a Financial Controller position, where earnings are usually $77K.

Finance Manager Job Listings

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Popular Employer Salaries for Finance Manager


Microsoft Corp, NBC Universal, Inc., The Walt Disney Company, Cisco Systems Inc, and L'Oreal USA are top-notch employers for Finance Managers in this area. For Finance Managers, comfortable salaries can be found at Hewlett-Packard Company; in fact, average earnings are around $140K, the highest in the area, though the difference in the company's lowest and highest employee paychecks ($77K versus $161K) is great. Johnson & Johnson, Cisco Systems Inc, and J.P. Morgan Chase & Co. (JPMCC) are a few other companies that offer generous salaries, with Finance Managers earning around $130K, $130K, or $128K at each firm, respectively.

Others at the bottom of the scale for this job include Jones Lang LaSalle at $82K, and Raytheon Co. where $91K is the norm, but it is worth noting that 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. A tool kit that includes Financial Reporting also typically contains Accounting. Most people skilled in Financial Analysis are similarly competent in Forecasting, Budgeting, and Accounting.

Pay by Experience Level for Finance Manager

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


The average beginner in this position makes around $72K, but folks who have been around for five to 10 years see a markedly higher median salary of $93K. Finance Managers claiming one to two decades of experience make an estimated median of $98K. Survey participants with more than twenty years of experience only make around $82K on average, though; this group reports a lower median than the one claimed by mid-career individuals.

Pay Difference by Location

National Average: $89,162

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

Finance Managers will find that San Jose offers an impressive pay rate, one which exceeds the national average by 46 percent. Finance Managers can also look forward to large paychecks in cities like San Francisco (+28 percent), Houston (+20 percent), Seattle (+16 percent), and Dallas (+15 percent). Washington is home to the smallest salaries in the field, lagging the national average by 7 percent.

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

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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%
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