Senior Finance Managers enjoy a hefty income, with average pay passing six figures ($114K) annually in the United States. In the world of Senior Finance Managers, overall cash allowance can occasionally include more than $25K from bonuses and, in some exceptional cases, $15K from profit sharing, causing incomes to vary widely between $87K and $158K. Geography is the biggest factor affecting pay for this group, followed by years of experience. Nearly all enjoy medical while almost all get dental coverage. Vision coverage is also available to most. Senior Finance Managers who participated in the survey are largely men, dominating at 61 percent. The majority of Senior Finance Managers claim high levels of job satisfaction. This overview is based on answers to PayScale's salary questionnaire.

$81,864 - $142,287
(Median)
$82K
$110K
$140K
MEDIAN: $114,204
10%
50%
90%

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$36.50 - $65.47
(Median)
$
$50
$
MEDIAN: $50
50%

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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
$81,864 - $142,287  
   
Bonus
$4,980 - $25,080  
Profit Sharing
$-0.49 - $15,280  
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).
)
$86,615 - $158,315  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 657
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$30$60$90
Hourly Rate
$50.00  
   
Overtime
$32.25  
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$60K$120K$180K
Bonus
$4,980 - $25,080  
   
Profit Sharing
$-0.49 - $15,280  
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).
)
$86,615 - $158,315  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 5
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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 who go on to become Senior Finance Directors may see their salaries climb quite a bit. Median pay for Senior Finance Directors is $177K annually. Senior Finance Managers most frequently advance into Finance Director and Chief Financial Officer roles even though the median salaries are $22K lower and $4K lower, respectively.

Senior Finance Manager Job Listings

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Popular Skills for Senior Finance Manager


Senior Finance Managers seem to wield many skills on the job. Most notably, skills in Project Management, Data Analysis, Senior Financial Management, and Forecasting are correlated to pay that is above average, with boosts between 5 percent and 7 percent. Skills that pay less than market rate include Accounting. Most people familiar with Financial Analysis also know Financial Modeling and Budget Management. Those familiar with Financial Reporting tend to be well versed in Budget Management and Financial Modeling.

Pay by Experience Level for Senior Finance Manager

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


Senior Finance Managers with a lot of experience do not necessarily enjoy more money. New workers enjoy hefty six-figure paychecks when they take on this position — $100K per year is the median for people who claim less than five years' experience. People with 10 to 20 years of experience make an average of about $131K in this role. People who have worked for more than 20 years report a median income of $137K, which is barely higher than the median for folks with 10 to 20 years of experience.

Pay Difference by Location

National Average: $126,800

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

Home to some of the best pay for Senior Finance Managers, San Jose offers exceptional salaries, 27 percent above the national average. Senior Finance Managers can also look forward to large paychecks in cities like San Francisco (+16 percent), Boston (+5 percent), San Diego (+5 percent), and Seattle (+4 percent). One of the biggest compensable factors for Senior Finance Managers is geography, with workers in Washington earning a whopping 23 percent below the national average. Employers pay around 17 percent less in Cincinnati and 11 percent less in Austin, below-median salaries for those in this field.

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Experience Affects Senior Finance Manager Salaries



National Average
$127,000



Skills That Affect Senior Finance Manager Salaries



Data Analysis
up arrow 5%

Forecasting
up arrow 4%

Cost Accounting
up arrow 4%

Financial Modeling
up arrow 2%

Financial Analysis
0%

Budget Management
0%

Strategic Planning
0%

National Average
$127,000

Financial Reporting
up arrow 1%

Budgeting
up arrow 2%

Microsoft Excel
up arrow 3%

Accounting
up arrow 6%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 87 votes.

Gender

Female
39 %
Male
61 %

Years of Experience

1-4 years
5%
5-9 years
26%
10-19 years
51%
20 years or more
19%

Common Health Benefits

medical benefits
Medical: 95%
dental benefits
Dental: 90%
medical benefits
Vision: 82%
dental benefits
None: 4%
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