Senior Finance Manager Salary

Senior Finance Managers in the United States can expect to earn a very generous salary, with average salaries (in the ballpark of $111K) surpassing six figures annually. Total cash compensation to Senior Finance Managers bottoms out near $82K and approaches $156K on the high end; the biggest paychecks include approximately $25K from bonuses and almost $15K from profit sharing. Location is the biggest factor affecting pay for this group, followed by career length. Men account for the majority of Senior Finance Managers who responded to the questionnaire — 64 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. In this profession, nearly all enjoy medical and dental coverage, and most have vision insurance, as well. This overview is based on answers to PayScale's salary questionnaire.

$78,145 - $139,614
(Median)
$78K
$110K
$140K
MEDIAN: $111,099
10%
50%
90%

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$10.10 - $65.43
(Median)
$10
$30
$65
MEDIAN: $30
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
$78,145 - $139,614  
   
Bonus
$4,003 - $24,739  
Profit Sharing
$727 - $15,456  
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).
)
$81,910 - $155,627  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 1,125
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
$10.10 - $65.43  
   
Overtime
$40.38  
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
$4,003 - $24,739  
   
Profit Sharing
$727 - $15,456  
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).
)
$81,910 - $155,627  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 17
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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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It is somewhat unusual to come across Senior Finance Managers who move on to become VPs of Finance, but it does happen from time to time, and the median salary for that position sits slightly higher at $137K. A more likely transition for Senior Finance Managers is Finance Director or Chief Financial Officer (CFO).

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, Senior Financial Management, Cost Accounting, and Strategic Planning are correlated to pay that is above average, with boosts between 7 percent and 10 percent. Skills that seem to negatively impact pay include Microsoft Excel and Accounting. Those educated in Financial Analysis tend to be well versed 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.


Experience does not seem to be a strong driver of pay increase in this role. Individuals with fewer than five years of experience earn $93K on average, but those in the five-to-10 year group see a six-figure median of $117K. Senior Finance Managers bring in $126K after working for 10 to 20 years. 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 $135K.

Pay Difference by Location

National Average: $122,585

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

Senior Finance Managers will find that San Jose offers an impressive pay rate, one which exceeds the national average by 31 percent. Senior Finance Managers can also look forward to large paychecks in cities like San Francisco (+12 percent), Redmond (+11 percent), San Diego (+7 percent), and Seattle (+6 percent). Location significantly influences compensation, with Washington Senior Finance Managers earning much less — 21 percent less — than the national average. Employers pay around 6 percent less in Boston and 3 percent less in Atlanta, below-median salaries for those in this field.

Related Job Salaries

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Experience Affects Senior Finance Manager Salaries



National Average
$123,000



Skills That Affect Senior Finance Manager Salaries



Cost Accounting
up arrow 7%

Financial Modeling
up arrow 3%

Forecasting
up arrow 3%

Strategic Planning
up arrow 3%

Budgeting
up arrow 2%

Financial Analysis
up arrow 1%

Financial Reporting
0%

National Average
$123,000

Budget Management
up arrow 2%

Accounting
up arrow 3%

Microsoft Excel
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 206 votes.

Gender

Female
36 %
Male
64 %

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: 91%
medical benefits
Vision: 80%
dental benefits
None: 4%
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