Financial Manager Salary

The majority of Financial Managers in the United States — more than half — boast more than 10 years of experience in their profession. Salaries stretch from $38K to $110K per year, and the median is $66K per year. Total cash compensation to Financial Managers bottoms out near $38K and approaches $110K on the high end; the biggest paychecks include approximately $15K from bonuses and almost $8K from profit sharing. Geography and tenure each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and the greater part earn dental coverage. Women account for the majority of Financial Managers who responded to the questionnaire — 64 percent to be exact. The majority of Financial Managers claim high levels of job satisfaction. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$40,634 - $106,179
(Median)
$41K
$66K
$110K
MEDIAN: $65,905
10%
50%
90%

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$13.72 - $32.51
(Median)
$14
$20
$33
MEDIAN: $20
10%
50%
90%

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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
$40,634 - $106,179  
   
Bonus
$0.00 - $15,284  
Profit Sharing
$295.90 - $8,204  
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).
)
$37,903 - $110,480  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 875
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
$13.72 - $32.51  
   
Overtime
$0.00 - $46.93  
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
$0.00 - $15,284  
   
Commission
$0.00 - $10,000  
Profit Sharing
$295.90 - $8,204  
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).
)
$37,903 - $110,480  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 139
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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 may progress into high-paying roles like Director of Financial Planning & Analysis, where median compensation is $123K annually. Becoming a Financial Controller is, more often than not, the most common role that Financial Managers move into when they're ready for the next step in their career. The average salary for the position is $77K. Another frequent advance is for Financial Managers to assume an Accounting Manager role; in this role, workers often earn $60K.

Financial Manager Job Listings

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Popular Skills for Financial Manager


Survey respondents exploit a significant toolbox of skills in their work. 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, 26 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. It is often found that people who know Accounting are also skilled in Financial Analysis.

Pay by Experience Level for Financial Manager

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


Survey participants with less than five years' experience pocket $58K on average, but those with five to 10 years of experience enjoy a much bigger median of $70K. People with 10 to 20 years of experience make an average of about $68K in this role. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $67K by contrast.

Pay Difference by Location


Seattle offers some of the highest pay in the country for Financial Managers, 43 percent above the national average. Financial Managers will also find cushy salaries in Charlotte (+40 percent), Dallas (+40 percent), Minneapolis (+36 percent), and New York (+31 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 3%

National Average
$64,000

Financial Reporting
up arrow 3%



Human Resources
up arrow 17%



Payroll Administration
up arrow 24%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 199 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
28%
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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