Financial Manager Salary (United States)

Financial Managers in the United States typically take home $62,567 annually. Pay begins at $36,981 on the low end and climbs to $112,067 per year near the top. Location is the biggest factor affecting pay for this group, followed by experience level. A strong majority enjoy medical while a majority get dental coverage in this occupation. Vision coverage is also available to about half. The majority of Financial Managers (64 percent) are women. The majority of workers are highly satisfied with their job. The numbers for this synopsis were furnished by individuals who completed PayScale's salary questionnaire.
Financial Manager Salary (?
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.
)
$39,549 - $106,731
(Median)
40K
50K
65K
87K
110K
MEDIAN: $64,831
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px
Financial Manager Salary (?
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.
)
$13.07 - $32.75
(Median)
13
16
20
25
33
MEDIAN: $20
10%
25%
50%
75%
90%
Add this chart to your site: 640px    300px

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
$39,549 - $106,731  
   
Bonus
$0.00 - $15,113  
Profit Sharing
$981 - $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).
)
$36,981 - $112,067  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 745
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
$13.07 - $32.75  
   
Overtime
$14.97 - $45.30  
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 - $15,113  
   
Profit Sharing
$981 - $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).
)
$36,981 - $112,067  
PayScale
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 120
Is Financial Manager your job title? Get a personalized salary report!
Location:
United States (change)
Years in Field/Career:

Job Description for Financial Manager

Typically, finance managers work in an office setting where they are in charge of a small group of other coworkers. Even though the work they do is not usually physically demanding, it can be mentally challenging because of the large groups of numbers that they deal with which require lots of patience and diligence. Most finance managers are required to have a college degree with a major in either economics, finance, or business, and some require experience at an entry-level position in order to get this type of position. Financial managers must usually have a good personality, be able to work with others, have good communication skills and knowledge of how to use a computer, and be able to generate reports using various types of spreadsheets with several different types of software.
Read More...
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

Add this chart to your site:   640px 640px    300px 300px   Copy and paste this HTML:
Compensation may increase greatly for Financial Managers who advance in their career. Upper-end positions like Financial Planning Director may make an additional $61K per year than lower-end positions. Going from Financial Manager to Financial Controller is the transition that occurs most often in this field, where the paychecks are bigger by $14,258. Many others choose to work as Accounting Managers, where pay actually goes down by $3,604.

Financial Manager Job Listings

Search for more jobs:
job title / company
location

Popular Skills for Financial Manager

Financial Managers seem to wield many skills on the job. Most notably, facility with Senior Financial Management, Forecasting, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 34 percent, 29 percent, and 16 percent, respectively. Those listing Accounts Payable as a skill should be prepared for drastically lower pay. Quickbooks and Microsoft Office 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.
Though Financial Managers can expect regular salary growth as they advance in their careers, experience does not seem to be a strong driver of pay increase. Salaries start at $53K, which grows to $64K after five to 10 years. After 10 to 20 years, salary hovers around $70K. Once they've gotten two decades of experience under their belts, Financial Managers encounter slower salary growth; at this point, they earn $70K annually. The majority of Financial Managers have only one to 10 years of practice in the field. Workers with 10 to 20 years make up the second biggest group followed by those with more than 20 years under their belt.

Pay Difference By Location

Dallas
up arrow 46%
Seattle
up arrow 45%
up arrow 44%
Minneapolis
up arrow 40%
Baltimore
up arrow 33%
Atlanta
up arrow 23%
Washington
up arrow 21%
Houston
up arrow 21%
Austin
up arrow 15%
Denver
up arrow 12%
Portland
up arrow 11%
Los Angeles
up arrow 8%
San Diego
up arrow 4%
Miami
up arrow 2%
National Average
$63,000
Chicago
up arrow 8%
Larger circles over a city indicate a job is popular in that location.
Home to some of the best pay for Financial Managers, Dallas offers exceptional salaries, 46 percent above the national average. Other urban areas shelling out big bucks include Seattle, New York, Minneapolis, and Baltimore, where Financial Managers typically earn around 45 percent, 44 percent, 40 percent, and 33 percent more than usual. In Chicago, salaries are 8 percent below the national average and represent the lowest-paying market.

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

Experience Affects Financial Manager Salaries

National Average
$63,000

Skills That Affect Financial Manager Salaries

Microsoft Excel
up arrow 1%
National Average
$63,000
Financial Reporting
up arrow 4%

Job Satisfaction

Extremely satisfied Image
Extremely satisfied
Rated 5 out of 5 based on 261 votes.

Gender

Female
64%
female alumni
 
Male
36%
male alumni

Years of Experience

Less than 1 year
2%
1-4 years
19%
5-9 years
29%
10-19 years
29%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 82% dental benefits Dental: 66%
vision benefits Vision: 49% employee benefits None: 14%
Find Out Exactly What You Should Be Paid
Job Title:
Years in Field/Career:
Location:
United States (change)
- OR -