Senior Finance Manager Salary

Salaries for Senior Finance Managers in the United States are generous, with average pay above six figures ($114K) per year. In the world of Senior Finance Managers, overall cash allowance can occasionally include more than $25K from bonuses and, in some exceptional cases, $18K from profit sharing, causing incomes to vary widely between $87K and $160K. The most influential factor affecting pay for this group is location, though tenure and the specific company have a (lesser) impact as well. Most people who answered the questionnaire are men; 61 percent of Senior Finance Managers are male. Medical benefits are awarded to nearly all, and almost all earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Participants in PayScale's salary questionnaire provided the particulars of this report.

$82,631 - $142,702
$83K
$110K
$140K
MEDIAN: $114,333
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$60K$120K$180K
Salary
$82,631 - $142,702  
   
Bonus
$4,848 - $25,111  
Profit Sharing
$0.00 - $18,240  
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).
)
$86,912 - $159,863  
Country: United States | Currency: USD | Updated: 25 Mar 2017 | Individuals Reporting: 610

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United States (change)

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Job Description for Senior Finance Manager

The senior finance manager is responsible for many of the monetary operations and decision for their organization. The senior finance manager controls a large amount of a company's capital, including how that capital is spent. To decide how the company's money is best spend, the senior finance manager must be able to create forecasts that explain and predict the results of particular investments. In addition, the senior finance manager is responsible for compiling information on assets and sales (as applicable), and communicating these figure to executives and subordinate managers in the organization. Finally, a senior finance manager is responsible for keeping open lines of communication with business partners to discuss potential joint ventures.

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Senior Finance Manager Tasks

  • Produce periodic reports on the performance of business initiatives and adherence to budgets.
  • Manage organization's investments and cash needs, proposing changes in policies and procedures as new situations arise.
  • Develop and review organization's budget, using forecasts and models to determine how to allocate funds.
  • Supervise staff evaluating organization's financial performance, generating reports, analysis, and models.

Common Career Paths for Senior Finance Manager


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Senior Finance Managers may experience a large salary bump if they progress into a role such as Senior Finance Director. The latter position pays an average of $177K annually. A Finance Director role is the most common promotion for Senior Finance Managers moving up the ladder. Pay for this role tends to be $105K per year. Another typical, albeit less common, transition for Senior Finance Managers is a VP of Finance position, where earnings are usually $139K.

Senior Finance Manager Job Listings

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Popular Employer Salaries for Senior Finance Manager


Popular Skills for Senior Finance Manager


Survey results imply that Senior Finance Managers deploy a substantial tool kit of skills at work. Most notably, skills in Senior Financial Management, Project Management, Forecasting, and Strategic Planning are correlated to pay that is above average, with boosts in pay of 6 percent. Skills that pay less than market rate include Data Analysis. Those familiar with Financial Analysis also tend to know Financial Modeling and Budget Management. Most people familiar with Financial Reporting also know Budget Management and Financial Modeling.

Pay by Experience Level for Senior Finance Manager

Pay by Experience for a Senior Finance Manager has a positive trend. An entry-level Senior Finance Manager with less than 5 years of experience can expect to earn an average total compensation of $103,000 based on 47 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Senior Finance Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $123,000 based on 247 salaries. An experienced Senior Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $131,000 based on 366 salaries. A Senior Finance Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $137,000 based on 110 salaries.

Pay Difference by Location

National Average: $127,473

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

For Senior Finance Managers, San Jose provides a pay rate that is 26 percent greater than the national average. Senior Finance Managers can also look forward to large paychecks in cities like San Francisco (+18 percent), Dallas (+6 percent), Seattle (+5 percent), and San Diego (+4 percent). One of the biggest compensable factors for Senior Finance Managers is geography, with workers in Philadelphia earning a whopping 26 percent below the national average. Workers in Minneapolis and Cincinnati earn salaries that trail the national average for those in this profession (17 percent less).

Related Job Salaries

Key Stats for Senior Finance Manager

Gender

Female
39 %
Male
61 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.
1-4 years
5%
5-9 years
25%
10-19 years
52%
20 years or more
18%
Location:
Years in Fields/Career:
United States (change)

Experience Affects Senior Finance Manager Salaries

▲8%

▲3%

National Average
$127,000

▼4%

▼19%

Skills That Affect Senior Finance Manager Salaries


▲5%


Strategic Planning
▲4%

Cost Accounting
▲3%



Accounting
▲2%


Budgeting
▼0%

Microsoft Excel
▼0%

National Average
$127,000


Data Analysis
▼7%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 79 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

1-4 years
5%
5-9 years
25%
10-19 years
52%
20 years or more
18%

Common Health Benefits

medical benefits
Medical: 96%
dental benefits
Dental: 90%
vision benefits
Vision: 83%
no benefits
None: 4%