Financial Managers who are practiced in their profession and carry more than 10 years of experience make up close to one-half of Financial Managers. Pay fluctuates from $37K to $119K per year, but expected earnings average $70K annually. In the world of Financial Managers, total cash compensation can vary between $37K and $119K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $20K and $10K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career duration. The majority of Financial Managers (61 percent) who took the survey are women. Work is enjoyable for Financial Managers, who typically claim high levels of job satisfaction. Medical benefits are awarded to most, and the greater part earn dental coverage. The information for this snapshot was generated by responses to the PayScale salary survey.
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$39,821 - $115,757
$40K
$70K
$120K
MEDIAN: $69,612
10%
50%
90%

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$14.34 - $32.46
$14
$23
$32
MEDIAN: $23.32
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
$39,821 - $115,757  
   
Bonus
$196.97 - $19,803  
Profit Sharing
$0.00 - $10,137  
Commission
$300.00  
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).
)
$37,099 - $119,273  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 634
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
$14.34 - $32.46  
   
Overtime
$14.68 - $43.54  
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
$196.97 - $19,803  
   
Commission
$300.00  
Profit Sharing
$0.00 - $10,137  
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).
)
$37,099 - $119,273  
Country: United States | Currency: USD | Updated: 18 Jan 2017 | Individuals Reporting: 112

Find Out Exactly What You Should Be Paid

United States (change)

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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

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

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 $126K annually. With an annual salary of $77K, Financial Controller is the most common role for Financial Managers to subsequently assume on their way up the ladder. Transitioning into an Accounting Manager role — which usually pays $61K — is also typical for Financial Managers, though less common by comparison.

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 26 percent, 21 percent, and 16 percent, respectively. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Payroll Administration and Accounts Receivable also typically command lower compensation. Most people experienced in Accounting also know 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 $56K, but people who have been around for five to 10 years earn a noticeably bigger sum of $71K. On average, Financial Managers make $75K following one to two decades on the job. For some reason, Financial Managers with more than two decades of experience report lower paychecks overall; the median sum in this group sits near $71K.

Pay Difference by Location

National Average: $66,050

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

Financial Managers will find that Dallas offers an impressive pay rate, one which exceeds the national average by 41 percent. Financial Managers can also look forward to large paychecks in cities like Washington (+36 percent), Seattle (+36 percent), Baltimore (+17 percent), and Boston (+15 percent). Financial Managers in Louisville make 25 percent less than the national average, proving that location is a major factor in pay. Not at the bottom but still paying below the median are employers in Charlotte and San Diego (24 percent lower and 2 percent lower, respectively).

Financial Manager Reviews

Q: What is it like working as a Financial Manager?

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

Key Stats for Financial Manager

Gender

Female
61 %
Male
39 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.
029
Less than 1 year
4%
1-4 years
22%
5-9 years
24%
10-19 years
30%
20 years or more
21%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Financial Manager Salaries




National Average
$66,000


Skills That Affect Financial Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 100 votes.

Gender

Female
61 %
Male
39 %

Years of Experience

Less than 1 year
4%
1-4 years
22%
5-9 years
24%
10-19 years
30%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 64%
vision benefits
Vision: 51%
dental benefits
None: 15%
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