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Financial Manager Salary

With one-half of Financial Managers in the United States reporting more than 10 years of experience, the field is heavily weighted toward experienced professionals. Average pay for Financial Managers is $66K per year and can range from $38K on the lower end to $113K per year near the higher end. Total cash earnings of Financial Managers range from $38K on the low end to $113K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $15K and $10K, respectively. Location and years of experience each impact pay for this group, with the former having the largest influence. Job satisfaction is reported as high by the vast majority of workers. A large number enjoy medical while more than half get dental coverage. Vision coverage is also available to approximately one-half. There are more female Financial Managers who answered the questionnaire than male, making up 64 percent. Respondents to the PayScale salary survey provided the data for this report.
$40,205 - $107,501
(Median)
40K
50K
66K
88K
110K
MEDIAN: $66,080
10%
25%
50%
75%
90%

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$13.36 - $33.54
(Median)
13
17
20
25
34
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
$40,205 - $107,501  
   
Bonus
$0.00 - $15,118  
Profit Sharing
$505 - $10,045  
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).
)
$37,807 - $112,524  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 762
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
$13.36 - $33.54  
   
Overtime
$14.41 - $42.96  
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 - $15,118  
   
Profit Sharing
$505 - $10,045  
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).
)
$37,807 - $112,524  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 118
United States (change)

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 go on to top-notch roles like Director of Financial Planning & Analysis, where median pay is $123K annually. The most common promotion for Financial Managers is Financial Controller, a position that typically pays $77K annually. Another standard transition for Financial Managers seeking advancement is to assume an Accounting Manager role, where pay is often $59K.

Financial Manager Job Listings

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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 28 percent, 25 percent, and 15 percent, respectively. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Accounts Payable and Accounting also typically command lower compensation. Those educated in Accounting tend to be well versed in Financial Analysis.

Pay by Experience Level for Financial Manager

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


Salaries of relatively inexperienced workers fall in the neighborhood of $56K, but folks who have racked up five to 10 years see a notably higher median of $67K. For Financial Managers, 10 to 20 years of experience on the job amounts to an average salary of $70K. Respondents who boast more than two decades on the job don't boast commensurate pay, unfortunately; these veterans see average earnings of only $69K.

Pay Difference by Location


For Financial Managers, working in the bustling city of Charlotte has its advantages, including an above-average pay rate. Financial Managers will also find cushy salaries in New York (+45 percent), Dallas (+43 percent), Minneapolis (+37 percent), and Seattle (+34 percent). The lowest-paying market is Austin, which sits 17 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.

Related Job Salaries

Experience Affects Financial Manager Salaries




National Average
$64,000


Skills That Affect Financial Manager Salaries






Microsoft Excel
up arrow 1%

National Average
$64,000

Financial Reporting
up arrow 3%





Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 226 votes.

Gender

Female
64 %
Male
36 %

Years of Experience

Less than 1 year
2%
1-4 years
18%
5-9 years
29%
10-19 years
30%
20 years or more
21%

Common Health Benefits

medical benefits Medical: 83% dental benefits Dental: 66%
vision benefits Vision: 50% employee benefits None: 13%