Senior Finance Manager Salary

Six-figure salaries are the norm for Senior Finance Managers in the United States, with median pay hovering around $109K per year. Total cash earnings of Senior Finance Managers range from $80K on the low end to $152K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $24K and $15K, respectively. Geography is the biggest factor affecting pay for this group, followed by years of experience. Medical and dental benefits are awarded to nearly all, and a strong majority earn vision coverage. Most Senior Finance Managers report high levels of job satisfaction. The majority of Senior Finance Managers (65 percent) who took the survey are men. Respondents to the PayScale salary survey provided the data for this report.

$76,686 - $136,158
(Median)
$77K
$110K
$140K
MEDIAN: $109,390
10%
50%
90%

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$10.03 - $62.98
(Median)
$10
$27
$63
MEDIAN: $26.00
10%
50%
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$60K$120K$180K
Salary
$76,686 - $136,158  
   
Bonus
$3,750 - $24,108  
Profit Sharing
$513 - $15,397  
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).
)
$80,483 - $152,204  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 1,078
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$30$60$90
Hourly Rate
$10.03 - $62.98  
   
Overtime
$37.57 - $78.75  
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$60K$120K$180K
Bonus
$3,750 - $24,108  
   
Profit Sharing
$513 - $15,397  
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).
)
$80,483 - $152,204  
Country: United States | Currency: USD | Updated: 20 Jun 2015 | Individuals Reporting: 15
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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.
  • 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.
  • Manage organization’s investments and cash needs, proposing changes in policies and procedures as new situations arise.

Common Career Paths for Senior Finance Manager


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Senior Finance Managers tend not to experience significant pay changes as they move up the career ladder to roles like Director of Financial Planning & Analysis. The two jobs pay about the same on average.

Senior Finance Manager Job Listings

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Popular Skills for Senior Finance Manager


Survey respondents exploit a significant toolbox of skills in their work. Most notably, skills in Project Management, Cost Accounting, Senior Financial Management, and Financial Modeling are correlated to pay that is above average, with boosts between 8 percent and 11 percent. Skills that seem to negatively impact pay include Accounting. The majority of those who know Financial Reporting also know Budget Management and Financial Modeling. For most people, competency in Financial Analysis indicates knowledge of Financial Modeling and Budget Management.

Pay by Experience Level for Senior Finance Manager

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


Experience and income seem to be closely related; in general, the survey respondents who had worked for more years reported higher incomes. Workers in their first five years can expect to earn $88K, but people who have been around for five to 10 years earn a noticeably bigger sum of $116K. Senior Finance Managers who work for 10 to 20 years in their occupation tend to earn about $125K. Respondents who claim more than 20 years of experience may encounter pay that doesn't quite reflect their extensive experience; these veterans report a median income of around $134K.

Pay Difference by Location


For those looking to make money, Senior Finance Managers in San Jose enjoy an exceptional pay rate, 25 percent above the national average. Senior Finance Managers can also look forward to large paychecks in cities like Redmond (+13 percent), San Diego (+10 percent), San Francisco (+8 percent), and Houston (+7 percent). Trailing the national average by 14 percent, Washington is the market with the smallest paychecks. Not at the bottom but still paying below the median are employers in Cincinnati and Boston (10 percent lower and 8 percent lower, respectively).

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Experience Affects Senior Finance Manager Salaries



National Average
$121,000



Skills That Affect Senior Finance Manager Salaries


Cost Accounting
up arrow 9%


Financial Modeling
up arrow 4%

Forecasting
up arrow 3%

Financial Analysis
up arrow 2%

Budgeting
up arrow 2%

Financial Reporting
up arrow 1%

Strategic Planning
0%

National Average
$121,000

Budget Management
up arrow 1%

Microsoft Excel
up arrow 2%

Accounting
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 246 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
4%
5-9 years
26%
10-19 years
53%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 96% dental benefits Dental: 92%
vision benefits Vision: 80% employee benefits None: 4%
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