Finance Manager Salary

A large fraction of take-home pay for Finance Managers comes from commissions — nearly one-third on average, in fact. The median overall income in this field is approximately $89K. Cash earnings for Finance Managers — including $19K in bonuses and $13K in profit sharing proceeds near the top of the pay scale — generally stretch from $46K to $127K depending on individual performance. Compensation for this group is mainly affected by the specific employer, but geography and experience level are influential factors as well. Medical benefits are awarded to most, and a strong majority earn dental coverage. Most Finance Managers like their work and job satisfaction is high. Men make up a slight majority of Finance Managers (54 percent) who responded to the survey.

$46,816 - $115,898

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$13.16 - $41.28

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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
$46,816 - $115,898  
   
Bonus
$492.20 - $19,465  
Profit Sharing
$778 - $12,689  
Commission
$1,174 - $88,159  
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).
)
$45,604 - $127,146  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 5,712
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
$13.16 - $41.28  
   
Overtime
$0.00 - $54.64  
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
$492.20 - $19,465  
   
Commission
$1,174 - $88,159  
Profit Sharing
$778 - $12,689  
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).
)
$45,604 - $127,146  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 304
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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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Finance Managers who transition into a VP of Finance role may receive large pay increases as the latter position pays an average $136K per year. The most common career progression for Finance Managers leads to becoming a Finance Director, where average pay is $102K annually. However, many Finance Managers also opt to become Financial Controllers. Typically, a Financial Controller brings home $77K.

Finance Manager Job Listings

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Popular Employer Salaries for Finance Manager


Finance Managers flock to Microsoft Corp, PepsiCo Inc, NBC Universal, Inc., Cisco Systems Inc, and L'Oreal USA, highly regarded companies that employ a generous number of people in this profession. With a median salary of $130K, Johnson & Johnson offers Finance Managers the highest pay. However, earnings don't seem to live on a large spectrum; they generally peter out at $104K and are capped at $154K. Other big spenders include Cisco Systems Inc, The Gap Inc., and Microsoft Corp, top-paying firms where Finance Managers see paychecks nearing $125K, $118K, or $114K.

Employees at Jones Lang LaSalle, Raytheon Co., and PepsiCo Inc can also expect below-average earnings of $86K, $91K, and $97K.

Popular Skills for Finance Manager


Survey results imply that Finance Managers deploy a substantial tool kit of skills at 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 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. Most people experienced in Financial Analysis also know Forecasting, Budgeting, and Accounting. It is often found that people who know Financial Reporting are also skilled in 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 $71K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $92K. Finance Managers bring in $97K after working for 10 to 20 years. 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 offers some of the highest pay in the country for Finance Managers, 47 percent above the national average. Finance Managers can also look forward to large paychecks in cities like San Francisco (+28 percent), Houston (+17 percent), Seattle (+14 percent), and Dallas (+14 percent). Those in the field find the lowest salaries in Washington, 6 percent below the national average. A couple other locations with smaller-than-average paychecks include Austin (3 percent lower) and Phoenix (2 percent lower).

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
$89,000



Skills That Affect Finance Manager Salaries





Budgeting
up arrow 4%

Data Analysis
up arrow 4%

National Average
$89,000

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 1083 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: 66% employee benefits None: 10%
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