Finance Manager Salary

Earnings for Finance Managers in the United States come in at around $86K per year on average. Cash earnings for Finance Managers — which occasionally include more than $20K from bonuses and more than $12K from profit sharing — stretch from around $45K to approximately $132K. Earnings for this group are mostly affected by the specific employer, followed by the particular city and years of experience. Men working as Finance Managers who took the survey just slightly outnumber women at 52 percent. Job satisfaction is high and work is enjoyable for most Finance Managers. A large number report receiving medical coverage from their employers and a fair number collect dental insurance.

$46,291 - $120,148
$46K
$86K
$120K
MEDIAN: $86,086
10%
50%
90%

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$12.00 - $41.22
$12
$21
$41
MEDIAN: $20.70
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
$46,291 - $120,148  
   
Bonus
$1,226 - $19,906  
Profit Sharing
$0.00 - $12,307  
Commission
$3,041 - $90,701  
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).
)
$45,357 - $132,158  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 4,645
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
$12.00 - $41.22  
   
Hourly Tips
$0.65  
Overtime
$0.00 - $41.25  
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
$1,226 - $19,906  
   
Commission
$3,041 - $90,701  
Profit Sharing
$0.00 - $12,307  
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).
)
$45,357 - $132,158  
Country: United States | Currency: USD | Updated: 4 May 2017 | Individuals Reporting: 287

Find Out Exactly What You Should Be Paid

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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Finance Managers may progress into high-paying roles like VP of Finance, where median compensation is $139K annually. Becoming a Finance Director is, more often than not, the most common role that Finance Managers move into when they're ready for the next step in their career. The average salary for the position is $105K. Another frequent advance is for Finance Managers to assume a Financial Controller role; in this role, workers often earn $77K.

Finance Manager Job Listings

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Popular Employer Salaries for Finance Manager


NBC Universal, Inc., General Electric Co (GE), Cisco Systems Inc, Microsoft Corp, and L'Oreal USA are among the top companies that take on many Finance Managers. Although Hewlett-Packard Company leads the field in pay with a median salary of $140K, employees there receive a wide spread of salaries, from $77K on the low end all the way up to $161K at the top. Other employers shelling out big bucks include AT&T Inc., Johnson & Johnson, and Cisco Systems Inc, where Finance Managers typically earn around $138K, $130K, or $130K, respectively.

Raytheon Co., U.S. Bank, and NBC Universal, Inc. are a few other employers known for handing out relatively lightweight salaries ($91K, $93K, and $98K respectively).

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, 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. Skill sets containing Financial Reporting also tend to include 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: $89,551

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

For Finance Managers, busy San Francisco offers a higher-than-average pay rate, 29 percent above the national average. Finance Managers will also find cushy salaries in Seattle (+21 percent), Atlanta (+18 percent), Houston (+15 percent), and New York (+15 percent). Those in the field find the lowest salaries in Austin, 5 percent below the national average.

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 748 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
33%
10-19 years
33%
20 years or more
12%
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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 748 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
33%
20 years or more
12%

Common Health Benefits

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