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Finance Manager Salary

Average Finance Managers in the United States make around $83K per year. Individual bonuses, profit sharing and commission for Finance Managers — as high as $19K, $13K and $87K, respectively — each contribute to the degree of variation within overall compensation, ranging from $45K to $126K. The most influential factor affecting pay for this group is the company, though the particular city and experience level have a (lesser) impact as well. Most Finance Managers report high levels of job satisfaction. Medical benefits are awarded to a large number, and a fair number earn dental coverage. Men working as Finance Managers who took the survey just slightly outnumber women at 54 percent.
$45,598 - $114,414
(Median)
$46K
$83K
$110K
MEDIAN: $82,563
10%
50%
90%

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$12.99 - $42.05
(Median)
$13
$20
$42
MEDIAN: $19.00
10%
50%
90%

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Show Annual Salary Show Hourly Rate
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
$45,598 - $114,414  
   
Bonus
$496.38 - $19,419  
Profit Sharing
$985 - $13,129  
Commission
$1,968 - $86,905  
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).
)
$44,929 - $126,068  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 5,275
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
$12.99 - $42.05  
   
Overtime
$0.00 - $60.93  
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
$496.38 - $19,419  
   
Commission
$1,968 - $86,905  
Profit Sharing
$985 - $13,129  
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).
)
$44,929 - $126,068  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 263
United States (change)

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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For Finance Managers, career progression to a VP of Finance role may result in a considerable increase in compensation. On average, a VP of Finance, an upper-level role, can earn $136K annually. More often than not, 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


Many Finance Managers can be found at Cisco Systems Inc, Microsoft Corp, PepsiCo Inc, NBC Universal, Inc., and T-Mobile, Inc., firms that are at the top of the field. Cisco Systems Inc offers the best pay with a median salary of $125K, though salaries there don't seem that varied, bottoming out near $96K and maxing out at just $149K. Those in search of high salaries should also consider The Walt Disney Company, Microsoft Corp, and Walgreen Co., top-paying firms where Finance Managers rake in a very impressive $114K, $110K, or $108K, respectively.

Others at the bottom of the scale for this job include Jones Lang LaSalle at $86K, McDonald's Corporation at $92K, and PepsiCo Inc, where $96K is the norm.

Popular Skills for Finance Manager


Finance Managers seem to require a rather large skill set. Most notably, skills in Financial Modeling, Strategic Planning, Forecasting, and Financial Analysis are correlated to pay that is above average, with boosts between 14 percent and 18 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. A tool kit that includes Financial Reporting also typically contains Accounting. The majority of those who know Financial Analysis also know Budgeting, Forecasting, and Accounting.

Pay by Experience Level for Finance Manager

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


Salaries of relatively inexperienced workers fall in the neighborhood of $70K, but folks who have racked up five to 10 years see a notably higher median of $91K. Finance Managers with one to two decades of relevant experience report an average salary of approximately $96K. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $81K.

Pay Difference by Location


For those looking to make money, Finance Managers in San Jose enjoy an exceptional pay rate, 51 percent above the national average. Finance Managers will also find cushy salaries in San Francisco (+28 percent), Denver (+14 percent), Dallas (+14 percent), and Los Angeles (+14 percent). Washington is the lowest-paying area, 8 percent south of the national average. Phoenix and Miami are a couple other places where companies are known to pay below the median — salaries are 4 percent lower and 3 percent lower, respectively.

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

Experience Affects Finance Manager Salaries



National Average
$87,000



Skills That Affect Finance Manager Salaries







Budget Management
up arrow 1%

National Average
$87,000

Financial Reporting
up arrow 1%

Microsoft Excel
up arrow 3%







Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1202 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
13%

Common Health Benefits

medical benefits Medical: 88% dental benefits Dental: 78%
vision benefits Vision: 64% employee benefits None: 10%