Financial Manager Salary

Financial Managers in the United States tend to be well-versed in their field, and slightly more than half have more than 10 years of experience. Average salary is expected to be around $66K annually, but may range from $38K to $110K per year. Total cash compensation for Financial Managers runs from $38K to $110K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $8K. Geography is the biggest factor affecting pay for this group, followed by tenure. Most workers in this position report high levels of job satisfaction. The majority of Financial Managers (64 percent) who took the survey are women. Most report receiving medical coverage from their employers and more than half collect dental insurance. This report is based on answers to PayScale's salary questionnaire.
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$40,732 - $106,130

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$13.82 - $32.29

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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
$40,732 - $106,130  
   
Bonus
$0.00 - $15,205  
Profit Sharing
$39.45 - $7,919  
Commission
$0.00 - $10,000  
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).
)
$38,051 - $110,266  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 884
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
$13.82 - $32.29  
   
Overtime
$0.00 - $46.77  
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
$0.00 - $15,205  
   
Commission
$0.00 - $10,000  
Profit Sharing
$39.45 - $7,919  
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).
)
$38,051 - $110,266  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 144
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Job Description for Financial Manager

A financial manager usually works directly for a company or a consulting firm, although a financial manager can work in all sorts of fields. The financial manager helps the organization become aware of weaknesses and risks regarding its financial situation. The manager then offers suggestions as to how financial goals can be achieved.

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Financial Manager Tasks

  • Manage client accounts and act as the subject matter expert for budgetary decisions.
  • Refine and implement monthly, quarterly, and annual reports for designated groups.
  • Prepare and submit budget and resource reports and statements, with an eye towards compliance.
  • Perform ad hoc, non-routine financial analysis as needed.

Common Career Paths for Financial Manager


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Financial Managers who transition into a Director of Financial Planning & Analysis role may receive large pay increases as the latter position pays an average $123K per year. A Financial Controller role is the most common promotion for Financial Managers moving up the ladder, and pay for the position tends to be around the $77K mark. Another typical, albeit less common, transition for Financial Managers is an Accounting Manager position, where earnings are usually $60K.

Financial Manager Job Listings

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Popular Skills for Financial Manager


Financial Managers report using a deep pool of skills on the job. Most notably, facility with Forecasting, Senior Financial Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 27 percent, 25 percent, and 15 percent, respectively. Those listing Payroll Administration as a skill should be prepared for drastically lower pay. Quickbooks and Accounts Payable also typically command lower compensation. Those educated in Accounting tend to be well versed in Financial Analysis.

Pay by Experience Level for Financial Manager

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


Workers in their first five years can expect to earn $57K, but people who have been around for five to 10 years earn a noticeably bigger sum of $70K. Financial Managers who work for 10 to 20 years in their occupation tend to earn about $68K. Survey participants who have worked for more than two decades report bringing in $67K on average.

Pay Difference by Location


With a pay rate for Financial Managers that is 43 percent greater than the national average, Seattle offers a comfortable salary for those in this profession. Financial Managers can also look forward to large paychecks in cities like Charlotte (+41 percent), Dallas (+40 percent), New York (+31 percent), and Washington (+30 percent).

Financial Manager Reviews

What is it like working as a Financial Manager at Biewer Lumber?

Financial Manager in St Clair:
"Office Conditions."
Pros: My co-workers are the best part of my job. The diversity of work with the various companies certainly helps with burnout and boredom in my position even though every month I do have a routine in the types of work/projects that I must complete. The convenience of being close to home is nice but not necessarily something that would keep me from leaving for a better job.
Cons: There is a different set of rules for each department and my department is the most exploited and least rewarded in the office. Most of the department is underpaid because there is no report to show our "worth" to the company like sales can do. Annual salary increases seem to be based upon favoritism and personal relationships with the supervisor. Every year our department has been burdened with more and more work due to the company's growth and yet has experienced the least amount of wages increases compared to the rest of the office. No opportunities for growth or salary increases within the department and moving to a different department within the company has been next to impossible.

Related Job Salaries

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Experience Affects Financial Manager Salaries




National Average
$64,000


Skills That Affect Financial Manager Salaries






Microsoft Excel
up arrow 1%

National Average
$64,000

Financial Reporting
up arrow 4%

Microsoft Office
up arrow 4%


Human Resources
up arrow 17%



Payroll Administration
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 197 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
27%
10-19 years
30%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 65%
vision benefits Vision: 50% employee benefits None: 13%
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