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Financial Manager Salary (United States)

Financial Managers in the United States usually make around $65K annually. Total cash compensation for Financial Managers runs from $37K to $112K depending on bonuses that can occasionally exceed $15K and profit sharing that can reach almost $10K. Location is the biggest factor affecting pay for this group, followed by career length. The greater part report receiving medical coverage from their employers and a majority collect dental insurance. Most Financial Managers (64 percent) are women. Job satisfaction is high and work is enjoyable for most Financial Managers. This report is based on answers to 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%
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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%
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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
$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  
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  
Country: United States | Currency: USD | Updated: 3 Sep 2014 | Individuals Reporting: 120
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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.
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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 experience if they take an upper-level role like Director of Financial Planning & Analysis. The position tends to pay $123K annually. 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 report using a deep pool of 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.
Experience and pay tend to be weakly linked for Financial Managers — those with more experience do not necessarily bring in higher earnings. Although individuals who have less than five years' experience earn $53K on average, people with five to 10 years benefit from a notably larger average of $64K. For Financial Managers, 10 to 20 years of experience on the job amounts to an average salary of $70K. Individuals who report more than two decades of experience seem to make only slightly more than folks in the 10-to-20 year range; the more senior group sees median earnings in the comparatively modest ballpark of $70K. Financial Managers with one to 10 years in the field are most commonly found while those with 10 to 20 years of experience are harder to spot. The rarest group is those with more than 20 years of experience.

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. Financial Managers will also find cushy salaries in Seattle (+45 percent), New York (+44 percent), Minneapolis (+40 percent), and Baltimore (+33 percent). Chicago is home to the smallest salaries in the field, lagging the national average by 8 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.

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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%