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Senior Finance Manager Salary

On average, Senior Finance Managers in the United States earn six-figure salaries ($119K) annually, making for a very well-paid profession. Total cash compensation to Senior Finance Managers bottoms out near $80K and approaches $151K on the high end; the biggest paychecks include approximately $24K from bonuses and almost $15K from profit sharing. Residence and years of experience each impact pay for this group, with the former having the largest influence. Almost all receive medical and dental insurance and a fair number get vision insurance. Most workers in this position report high levels of job satisfaction. The majority of Senior Finance Managers (65 percent) who took the survey are men. The figures in this overview were provided by individuals who took PayScale's salary questionnaire.
$76,182 - $134,350
(Median)
76K
92K
110K
120K
130K
MEDIAN: $107,447
10%
25%
50%
75%
90%

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$10.07 - $65.87
(Median)
10
26
60
66
MEDIAN: $26.00
10%
50%
75%
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
$76,182 - $134,350  
   
Bonus
$3,074 - $24,094  
Profit Sharing
$755 - $14,980  
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).
)
$80,295 - $150,647  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 976
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 - $65.87  
   
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
$3,074 - $24,094  
   
Profit Sharing
$755 - $14,980  
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).
)
$80,295 - $150,647  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 16
United States (change)

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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While many Senior Finance Managerstransition into Finance Director roles, the job pays an average $102K annually.

Senior Finance Manager Job Listings

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Popular Skills for Senior Finance Manager


Survey results imply that Senior Finance Managers deploy a deep pool of skills on the job. Most notably, skills in Senior Financial Management, Cost Accounting, Project Management, and Financial Modeling are correlated to pay that is above average, with boosts between 6 percent and 10 percent. Skills that are correlated to lower pay, on the other hand, include Accounting. Those proficient in Financial Analysis are, more often than not, also skilled in 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.


For many Senior Finance Managers, extensive experience does not lead to significantly more money. Individuals with fewer than five years of experience earn $89K on average, but those in the five-to-10 year group see a six-figure median of $115K. Senior Finance Managers who work for 10 to 20 years in their occupation tend to earn about $123K. 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 $130K.

Pay Difference by Location


San Jose offers some of the highest pay in the country for Senior Finance Managers, 25 percent above the national average. Senior Finance Managers will also find cushy salaries in San Diego (+13 percent), Redmond (+11 percent), San Francisco (+9 percent), and Houston (+8 percent). The lowest-paying market is Washington, which sits 17 percent below the national average. Workers in Cincinnati and Boston earn salaries that trail the national average for those in this profession (11 percent less and 6 percent less, respectively).

Related Job Salaries

Experience Affects Senior Finance Manager Salaries



National Average
$119,000



Skills That Affect Senior Finance Manager Salaries


Cost Accounting
up arrow 10%



Forecasting
up arrow 4%

Budgeting
up arrow 4%

Financial Analysis
up arrow 3%

Financial Reporting
up arrow 2%

Microsoft Excel
0%

National Average
$119,000

Budget Management
up arrow 1%

Strategic Planning
up arrow 2%

Accounting
up arrow 12%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 276 votes.

Gender

Female
35 %
Male
65 %

Years of Experience

1-4 years
4%
5-9 years
25%
10-19 years
54%
20 years or more
17%

Common Health Benefits

medical benefits Medical: 95% dental benefits Dental: 91%
vision benefits Vision: 79% employee benefits None: 4%