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Senior Finance Manager Salary

Senior Finance Managers in the United States can look forward to a sizeable six-figure salary — around $109K per year on average. Overall cash earnings for Senior Finance Managers stretch from $80K on the lower end to $152K near the top, and the heftiest packages can encompass around $24K from bonuses and $15K from profit sharing. Geography and tenure each impact pay for this group, with the former having the largest influence. Men account for the majority of Senior Finance Managers who responded to the questionnaire — 65 percent to be exact. Almost all enjoy medical and dental coverage in this occupation, and a fair number get vision benefits. The majority of workers are highly satisfied with their job. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.

$76,403 - $136,091
(Median)
$76K
$110K
$140K
MEDIAN: $109,412
10%
50%
90%

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$10.07 - $62.75
(Median)
$10
$28
$63
MEDIAN: $28.00
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
$76,403 - $136,091  
   
Bonus
$3,841 - $24,362  
Profit Sharing
$875 - $15,319  
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).
)
$80,084 - $152,426  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 1,075
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
$10.07 - $62.75  
   
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
$3,841 - $24,362  
   
Profit Sharing
$875 - $15,319  
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).
)
$80,084 - $152,426  
Country: United States | Currency: USD | Updated: 16 May 2015 | Individuals Reporting: 16
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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 participants wield an impressively varied skill set on the job. Most notably, skills in Cost Accounting, Project Management, Senior Financial Management, and Financial Modeling are correlated to pay that is above average, with boosts in pay of 8 percent. At the other end of the pay range are skills like Accounting. Most people familiar with Financial Analysis also know Financial Reporting and Budget Management.

Pay by Experience Level for Senior Finance Manager

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


Senior Finance Managers generally obtain higher compensation for more plentiful past experience. Although employees with less than five years' experience earn around $88K on average, the five-to-10 year group has a much higher, six-figure median of $116K. For Senior Finance Managers, 10 to 20 years of experience on the job amounts to an average salary of $125K. Senior Finance Managers with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $133K.

Pay Difference by Location


Surpassing the national average by 25 percent, Senior Finance Managers in San Jose receive some of the highest pay in the country. Senior Finance Managers will also find cushy salaries in Redmond (+13 percent), San Diego (+10 percent), San Francisco (+8 percent), and Houston (+7 percent). Cincinnati is the lowest-paying area, 12 percent south of the national average. A couple other locations with smaller-than-average paychecks include Washington (11 percent lower) and Austin (10 percent lower).

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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 8%



Financial Modeling
up arrow 4%

Forecasting
up arrow 3%

Financial Analysis
up arrow 2%

Financial Reporting
up arrow 1%

Budgeting
up arrow 1%

National Average
$121,000

Budget Management
up arrow 1%

Strategic Planning
up arrow 1%

Microsoft Excel
up arrow 2%

Accounting
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 260 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: 95% dental benefits Dental: 91%
vision benefits Vision: 79% employee benefits None: 4%
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