Finance Manager Salary

A large fraction of take-home pay for Finance Managers comes from commissions — slightly less than a third on average, in fact. The median overall income in this field is approximately $90K. Total incomes of Finance Managers incorporate potential for, in a few cases, more than $20K from bonuses and close to $14K from profit sharing; these performance components cause packages to range between $45K and $132K. Compensation for this group is mainly affected by the specific employer, but geography and years of experience are influential factors as well. Men make up a slight majority of Finance Managers (52 percent) who responded to the survey. Medical benefits are awarded to most, and a strong majority earn dental coverage. Work is enjoyable for Finance Managers, who typically claim high levels of job satisfaction. Participants in PayScale's salary questionnaire provided the particulars of this report.

$46,052 - $119,944
$46K
$86K
$120K
MEDIAN: $86,088
10%
50%
90%

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$11.80 - $40.78
$12
$21
$41
MEDIAN: $20.52
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
$46,052 - $119,944  
   
Bonus
$1,472 - $19,912  
Profit Sharing
$0.00 - $13,642  
Commission
$4,085 - $85,148  
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).
)
$45,191 - $131,780  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 4,374
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
$11.80 - $40.78  
   
Hourly Tips
$0.65  
Overtime
$0.00 - $41.18  
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
$1,472 - $19,912  
   
Commission
$4,085 - $85,148  
Profit Sharing
$0.00 - $13,642  
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).
)
$45,191 - $131,780  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 259

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United States (change)

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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

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

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 $139K annually. Going from Finance Manager to Finance Director is the transition that occurs most often in this field, where the paychecks are $105K. 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


Finance Managers fill the offices of leading firms NBC Universal, Inc., General Electric Co (GE), Cisco Systems Inc, Microsoft Corp, and L'Oreal USA. Hewlett-Packard Company pays the most with a median salary of $140K, though with a large amount of variation, going from a low of $77K to a high of $161K. Soaring salaries can also be found at AT&T Inc., Johnson & Johnson, and Cisco Systems Inc, where earnings of $138K, $130K, or $130K are standard for Finance Managers.

Raytheon Co., U.S. Bank, and NBC Universal, Inc. also scrape the bottom of the pay scale, with median earnings hovering around $91K, $93K, and $98K.

Popular Skills for Finance Manager


Finance Managers report using a large range of skills on the job. Most notably, skills in Financial Modeling, Forecasting, Strategic Planning, and Financial Analysis are correlated to pay that is above average, with boosts between 12 percent and 15 percent. Those listing Accounts Receivable as a skill should be prepared for drastically lower pay. Accounts Payable and Compliance also typically command lower compensation. People who know Financial Reporting usually also know Accounting. Those proficient in Financial Analysis are, more often than not, also skilled in Forecasting, Budgeting, and Accounting.

Pay by Experience Level for Finance Manager

Pay by Experience for a Finance Manager has a positive trend. An entry-level Finance Manager with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 1,443 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $95,000 based on 2,092 salaries. An experienced Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 1,787 salaries. A Finance Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 549 salaries.

Pay Difference by Location

National Average: $89,607

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

San Francisco is home to an above-average pay rate for Finance Managers, 29 percent higher than the national average. Finance Managers can also look forward to large paychecks in cities like Seattle (+21 percent), Atlanta (+18 percent), Houston (+15 percent), and New York (+15 percent). Falling short of the national average by 5 percent, the area with the worst salaries is Austin.

Finance Manager Reviews

Q: 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.
Cons:

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.

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.

Related Job Salaries

Key Stats for Finance Manager

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 671 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
33%
10-19 years
34%
20 years or more
12%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Finance Manager Salaries

▲10%

▲6%

National Average
$90,000

▼6%

▼20%

Skills That Affect Finance Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 671 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
33%
10-19 years
34%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 77%
vision benefits
Vision: 67%
no benefits
None: 12%