Finance Manager Salary

Commissions constitute a big slice (close to one-third on average) of overall compensation for Finance Managers, and the median take-home for this group lies near $88K. Total cash compensation to Finance Managers bottoms out near $46K and approaches $127K on the high end; the biggest paychecks include approximately $19K from bonuses and almost $13K from profit sharing. This group's pay is mainly influenced by the company, followed by the particular city and tenure. For the most part, Finance Managers enjoy their work and report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. Women are just slightly outnumbered, with male Finance Managers making up 54 percent of survey respondents.

$46,735 - $115,770
(Median)
$47K
$84K
$120K
MEDIAN: $84,052
10%
50%
90%

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$13.05 - $41.28
(Median)
$13
$20
$41
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
$46,735 - $115,770  
   
Bonus
$491.32 - $19,404  
Profit Sharing
$775 - $12,979  
Commission
$1,100 - $88,394  
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).
)
$45,524 - $127,078  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 5,645
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
$13.05 - $41.28  
   
Overtime
$0.00 - $56.72  
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
$491.32 - $19,404  
   
Commission
$1,100 - $88,394  
Profit Sharing
$775 - $12,979  
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).
)
$45,524 - $127,078  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 294
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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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Finance Managers who go on to become VPs of Finance may see their salaries climb quite a bit. Median pay for VPs of Finance is $136K annually. More often than not, a Finance Director role is the next step for Finance Managers moving up in the field. Finance Directors usually make $102K per year. Many other Finance Managers choose to take on a Financial Controller role, where salaries are typically $77K.

Finance Manager Job Listings

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Popular Employer Salaries for Finance Manager


Finance Managers fill the offices of leading firms Microsoft Corp, PepsiCo Inc, Cisco Systems Inc, NBC Universal, Inc., and L'Oreal USA. Although salaries only range from $104K to just $154K, Johnson & Johnson still offers the highest pay with a median paycheck of $130K. Other leaders in compensation levels are Cisco Systems Inc at $125K, The Gap Inc. at $118K, and Microsoft Corp, where Finance Managers annually earn $114K.

Morgan Stanley, Jones Lang LaSalle, and Raytheon Co. also scrape the bottom of the pay scale, with median earnings hovering around $80K, $86K, and $91K.

Popular Skills for Finance Manager


Finance Managers seem to exploit a large range 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 12 percent and 16 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. Those educated in Financial Analysis tend to be well versed in Forecasting, Budgeting, and Accounting. Most people familiar with 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.


Those in the early stages of their career can expect to make around $71K; however, individuals with five to 10 years of experience bring in $92K on average — a distinctly larger sum. After working for 10 to 20 years, Finance Managers make a median salary of $97K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $83K.

Pay Difference by Location


San Jose is home to an above-average pay rate for Finance Managers, 48 percent higher than the national average. Finance Managers will also find cushy salaries in San Francisco (+28 percent), Houston (+17 percent), Dallas (+15 percent), and Seattle (+14 percent). Falling short of the national average by 5 percent, the area with the worst salaries is Washington.

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

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Experience Affects Finance Manager Salaries



National Average
$88,000



Skills That Affect Finance Manager Salaries





Budgeting
up arrow 4%

Data Analysis
up arrow 4%

National Average
$88,000

Financial Reporting
up arrow 2%

Budget Management
up arrow 2%

Microsoft Excel
up arrow 4%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1093 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: 79%
vision benefits Vision: 66% employee benefits None: 10%
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