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Financial Manager Salary

Financial Managers in the United States tend to have a good amount of experience under their belt — around half have more than 10 years in the field. While pay runs from $38K to $111K per year, median earnings come to $66K annually. Final cash compensation to Financial Managers varies from around $38K to approximately $111K; choice pay grades include potential for bonuses and profit sharing as high as $15K and $10K, respectively. Location is the biggest factor affecting pay for this group, followed by years of experience. Most Financial Managers like their work and job satisfaction is high. Women account for the majority of Financial Managers who responded to the questionnaire — 64 percent to be exact. Medical benefits are awarded to most, and more than half earn dental coverage. This overview is based on answers to PayScale's salary questionnaire.
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$40,293 - $106,022
(Median)
$40K
$66K
$110K
MEDIAN: $65,856
10%
50%
90%

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$13.73 - $32.47
(Median)
$14
$21
$32
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
$40,293 - $106,022  
   
Bonus
$0.00 - $15,221  
Profit Sharing
$491.32 - $10,241  
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).
)
$37,565 - $110,756  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 854
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
$13.73 - $32.47  
   
Overtime
$0.00 - $47.16  
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 - $15,221  
   
Commission
$0.00 - $10,000  
Profit Sharing
$491.32 - $10,241  
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).
)
$37,565 - $110,756  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 137
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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' salaries may rise greatly for those who assume a higher-end position such as a Director of Financial Planning & Analysis. The average Director of Financial Planning & Analysis brings home $123K per year. As Financial Managers progress in their field, many go on to become Financial Controllers. In fact, this transition is more common than anything else, and pay for the position is usually $77K per year. Another common career choice for Financial Managers is to move into an Accounting Manager role. Typically, Accounting Managers get paid $59K.

Financial Manager Job Listings

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Popular Skills for Financial Manager


Financial Managers seem to wield many 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, 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. 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.


Salaries of relatively inexperienced workers fall in the neighborhood of $58K, but folks who have racked up five to 10 years see a notably higher median of $69K. Financial Managers with one to two decades of relevant experience report an average salary of approximately $69K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $66K.

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 can also look forward to large paychecks in cities like Charlotte (+41 percent), New York (+38 percent), Dallas (+38 percent), and Baltimore (+22 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 4%



Human Resources
up arrow 17%



Payroll Administration
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 214 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
3%
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: 66%
vision benefits Vision: 50% employee benefits None: 13%
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