Financial Manager Salary

The majority of Financial Managers in the United States — close to one-half — boast more than 10 years of experience in their profession. Salaries stretch from $38K to $110K per year, and the median is $66K annually. Cash earnings for Financial Managers — which occasionally include more than $15K from bonuses and more than $10K from profit sharing — stretch from around $38K to approximately $110K. Geographic location is the biggest factor affecting pay for this group, followed by career length. Most Financial Managers report high levels of job satisfaction. Most enjoy medical while the greater part get dental coverage. Vision coverage is also available to one-half. The majority of Financial Managers (64 percent) who took the survey are female. This overview is based on answers to PayScale's salary questionnaire.
Read More
$40,431 - $105,816
(Median)
$40K
$66K
$110K
MEDIAN: $65,651
10%
50%
90%

Add this chart to your site: 640px    300px

$13.70 - $32.56
(Median)
$14
$20
$33
MEDIAN: $20
10%
50%
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
$40,431 - $105,816  
   
Bonus
$0.00 - $15,231  
Profit Sharing
$300.00 - $9,759  
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).
)
$37,777 - $110,320  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 874
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
$13.70 - $32.56  
   
Overtime
$0.00 - $46.77  
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 - $15,231  
   
Commission
$0.00 - $10,000  
Profit Sharing
$300.00 - $9,759  
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).
)
$37,777 - $110,320  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 138
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

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


As Financial Managers transition into upper-level roles such as Director of Financial Planning & Analysis, they may see a strong upturn in salary. Directors of Financial Planning & Analysis earn $123K on average per year. More often than not, a Financial Controller role is the next step for Financial Managers moving up in the field. Financial Controllers usually make $77K per year. Many other Financial Managers choose to take on an Accounting Manager role, where salaries are typically $60K.

Financial Manager Job Listings

Search for more jobs:

Popular Skills for Financial Manager


Financial Managers seem to exploit a large range of 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 28 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. 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.


Respondents with less than five years' experience take home $58K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $70K. On average, Financial Managers make $69K following one to two decades on the job. Survey participants with more than two decades under their belts actually report earning less than people with less experience; the former take home only $66K on average.

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), Dallas (+40 percent), New York (+31 percent), and Washington (+30 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

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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 3%

Microsoft Office
up arrow 4%


Human Resources
up arrow 17%



Payroll Administration
up arrow 25%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 201 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
28%
10-19 years
29%
20 years or more
22%

Common Health Benefits

medical benefits Medical: 84% dental benefits Dental: 66%
vision benefits Vision: 50% employee benefits None: 13%
ADVERTISEMENT