Financial Manager Salary

Financial Managers in the United States tend to be well-versed in their field, and just over a half have more than 10 years of experience. Average salary is expected to be around $67K per year, but may range from $37K to $113K per year. Total cash compensation to Financial Managers approaches anywhere from $37K on the lower end to $113K on the higher end; in exceptional cases, this can include more than $15K from bonuses and upwards of $8K from profit sharing. Residence and career length each impact pay for this group, with the former having the largest influence. Medical benefits are awarded to a large number, and the greater part earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The majority of Financial Managers (62 percent) who took the survey are women. This report is based on responses to the PayScale 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 who go on to become Directors of Financial Planning & Analysis may see their salaries climb quite a bit. Median pay for Directors of Financial Planning & Analysis is $125K 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 $60K — is also typical for Financial Managers, though less common by comparison.

Financial Manager Job Listings

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Popular Skills for Financial Manager


Survey respondents exploit a significant toolbox of skills in their work. 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. Most people familiar with 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.


The average beginner in this position makes around $57K, but folks who have been around for five to 10 years see a markedly higher median salary of $71K. Financial Managers bring in $70K after working for 10 to 20 years. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $68K on average.

Pay Difference by Location

National Average: $64,896

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

Financial Managers will find that Washington offers an impressive pay rate, one which exceeds the national average by 44 percent. Financial Managers will also find cushy salaries in Dallas (+41 percent), Seattle (+38 percent), New York (+20 percent), and Baltimore (+19 percent). Financial Managers' salaries are heavily influenced by location — Financial Managers in Charlotte bring in salaries that are 21 percent lower than 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.

Related Job Salaries

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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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