Financial Manager Salary

A little more than half of Financial Managers in the United States are seasoned employees who have more than 10 years of experience in the field. Pay ranges from $37K to $113K per year, and the average comes out to $67K per year. Total cash compensation for Financial Managers runs from $37K to $113K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $8K. Location and years of experience each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and the larger part collect dental insurance. Women account for the majority of Financial Managers who responded to the questionnaire — 62 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
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$41,312 - $109,213
(Median)
$41K
$67K
$110K
MEDIAN: $67,063
10%
50%
90%

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$13.69 - $33.77
(Median)
$14
$21
$34
MEDIAN: $21.00
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
$41,312 - $109,213  
   
Bonus
$0.00 - $15,344  
Profit Sharing
$0.00 - $7,861  
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).
)
$37,480 - $113,447  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 964
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
$13.69 - $33.77  
   
Overtime
$0.00 - $47.74  
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 - $15,344  
   
Commission
$300.00  
Profit Sharing
$0.00 - $7,861  
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).
)
$37,480 - $113,447  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 163
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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 $125K annually. 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


Survey takers working as Financial Managers report using a large range of professional skills. 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, 25 percent, and 14 percent, respectively. Those listing Accounts Receivable as a skill should be prepared for drastically lower pay. Bookkeeping and Payroll Administration also typically command lower compensation. For most people, competency in Accounting indicates knowledge of Financial Analysis.

Pay by Experience Level for Financial Manager

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


Relatively untried employees who have less than five years' experience make $57K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $71K. Financial Managers claiming one to two decades of experience make an estimated median of $70K. Financial Managers who have racked up more than two decades of experience report lower incomes overall; the average sum for this crowd comes out to only $68K.

Pay Difference by Location

National Average: $64,896

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

Surpassing the national average by 44 percent, Financial Managers in Washington receive some of the highest pay in the country. Financial Managers will also find cushy salaries in Dallas (+41 percent), Seattle (+38 percent), New York (+20 percent), and Baltimore (+19 percent). Location is a huge contributor to overall pay, with Financial Managers in Charlotte earning a whopping 21 percent below the national average.

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.

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Experience Affects Financial Manager Salaries




National Average
$65,000


Skills That Affect Financial Manager Salaries






Microsoft Excel
0%

National Average
$65,000

Financial Reporting
up arrow 4%





General Ledger Accounting
up arrow 22%


Bookkeeping
up arrow 23%

Accounts Receivable
up arrow 29%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 194 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
3%
1-4 years
20%
5-9 years
26%
10-19 years
30%
20 years or more
22%

Common Health Benefits

medical benefits
Medical: 83%
dental benefits
Dental: 64%
medical benefits
Vision: 50%
dental benefits
None: 14%
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