Senior Finance Manager Salary

On average, Senior Finance Managers in the United States earn six-figure salaries ($111K) annually, making for a very well-paid profession. Final cash compensation to Senior Finance Managers varies from around $82K to approximately $156K; choice pay grades include potential for bonuses and profit sharing as high as $25K and $15K, respectively. Geographic location and experience level each impact pay for this group, with the former having the largest influence. The majority of Senior Finance Managers (64 percent) survey respondents are male. Almost all receive medical and dental insurance and a large number get vision insurance. Most Senior Finance Managers report high levels of job satisfaction. This report is based on responses to the PayScale salary survey.

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

Add this chart to your site: 640px    300px

$10.10 - $65.43
(Median)
$10
$30
$65
MEDIAN: $30
10%
50%
90%

Add this chart to your site: 640px    300px

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
United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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.

Read More...

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


Add this chart to your site:   640px 640px    300px 300px


Though it's uncommon, some Senior Finance Managers move into roles as VPs of Finance, where they can earn incomes averaing out to a slightly higher $137K per year. However, it's more common for Senior Finance Managers to move into roles as Finance Directors or Chief Financial Officer (CFO)s.

Senior Finance Manager Job Listings

Search for more jobs:

Popular Skills for Senior Finance Manager


Senior Finance Managers report using a large range of skills on the job. 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 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.


Experience and pay tend to be weakly linked for Senior Finance Managers — those with more experience do not necessarily bring in higher earnings. Salaries of relatively inexperienced workers fall in the neighborhood of $93K, but folks who have racked up five to 10 years see a notably higher median of $117K. For Senior Finance Managers, 10 to 20 years of experience on the job amounts to an average salary of $126K. Senior Finance Managers who have stuck around for more than two decades see earnings that are only slightly higher than those of folks who have worked for 10 to 20 years; the more senior group makes around $135K on average.

Pay Difference by Location

National Average: $122,585

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, 31 percent above the national average. Senior Finance Managers will also find cushy salaries in San Francisco (+12 percent), Redmond (+11 percent), San Diego (+7 percent), and Seattle (+6 percent). Location is a huge contributor to overall pay, with Senior Finance Managers in Washington earning a whopping 21 percent below the national average. Employers in Boston and Atlanta also lean toward paying below-median salaries (6 percent lower and 3 percent lower, respectively).

Related Job Salaries

United States (change)

Find Out Exactly What You Should Be Paid

United States (change)


Comp Managers: Start Here »

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%
ADVERTISEMENT