Financial Managers in the United States with more than 10 years of experience in their profession represent nearly one-half of Financial Managers. Salaries average out to around $69K annually and spread from $37K to $118K per year. Total cash compensation to Financial Managers approaches anywhere from $37K on the lower end to $118K on the higher end; in exceptional cases, this can include more than $19K from bonuses and upwards of $10K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by career duration. For the most part, Financial Managers enjoy their work and report high levels of job satisfaction. Most report receiving medical coverage from their employers and the greater part collect dental insurance. The information for this snapshot was generated by responses to the PayScale salary survey.
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$40,039 - $113,651
(Median)
$40K
$69K
$110K
MEDIAN: $69,496
10%
50%
90%

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$14.56 - $31.99
(Median)
$15
$24
$32
MEDIAN: $23.00
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
$40,039 - $113,651  
   
Bonus
$195.41 - $19,471  
Profit Sharing
$0.00 - $10,000  
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).
)
$37,400 - $117,504  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 633
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
$14.56 - $31.99  
   
Overtime
$-0.49 - $44.72  
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
$195.41 - $19,471  
   
Commission
$300.00  
Profit Sharing
$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).
)
$37,400 - $117,504  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 113

Find Out Exactly What You Should Be Paid

United States (change)

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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

  • Prepare and submit budget and resource reports and statements, with an eye towards compliance.
  • Perform ad hoc, non-routine financial analysis as needed.
  • Manage client accounts and act as the subject matter expert for budgetary decisions.
  • Refine and implement monthly, quarterly, and annual reports for designated groups.

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 $126K 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 $61K — 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 results imply that Financial Managers deploy a deep pool 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 29 percent, 18 percent, and 16 percent, respectively. Those listing Payroll Administration as a skill should be prepared for drastically lower pay. Accounts Receivable and Quickbooks also typically command lower compensation. For most people, competency in Accounting indicates knowledge of Financial Analysis.

Pay by Experience Level for Financial Manager

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


Relatively untried employees who have less than five years' experience make $57K, but folks with five to 10 years under their belts enjoy an appreciably larger median of $71K. Financial Managers with one to two decades of relevant experience report an average salary of approximately $74K. People who have worked for 20 years or more actually report earning less than people who are in the middle of their careers; the veterans take home a mere $68K by contrast.

Pay Difference by Location

National Average: $65,973

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

Financial Managers will find that Boston offers an impressive pay rate, one which exceeds the national average by 50 percent. Financial Managers can also look forward to large paychecks in cities like Washington (+36 percent), Seattle (+36 percent), Houston (+21 percent), and Chicago (+17 percent). Financial Managers in Louisville make 25 percent less than the national average, proving that location is a major factor in pay. Employers in Charlotte and Cleveland also lean toward paying below-median salaries (23 percent lower and 15 percent lower, respectively).

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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Years in Fields/Career:
United States (change)

Experience Affects Financial Manager Salaries




National Average
$66,000


Skills That Affect Financial Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
60 %
Male
40 %

Years of Experience

Less than 1 year
3%
1-4 years
21%
5-9 years
25%
10-19 years
30%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 84%
dental benefits
Dental: 66%
medical benefits
Vision: 53%
dental benefits
None: 15%
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