Senior Finance Manager Salary

Six-figure salaries are the norm for Senior Finance Managers in the United States, with median pay hovering around $109K per year. Total cash compensation to Senior Finance Managers bottoms out near $80K and approaches $152K on the high end; the biggest paychecks include approximately $24K from bonuses and almost $15K from profit sharing. Career duration and the particular city each impact pay for this group, with the former having the largest influence. Most workers in this position report high levels of job satisfaction. Men make up the majority of Senior Finance Managers (64 percent) survey respondents. In this profession, almost all enjoy medical and dental coverage, and a fair number have vision insurance, as well. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$76,719 - $135,853

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$10.03 - $62.98

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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
$76,719 - $135,853  
   
Bonus
$3,915 - $24,240  
Profit Sharing
$518 - $15,344  
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).
)
$80,422 - $152,296  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 1,074
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
$10.03 - $62.98  
   
Overtime
$37.57 - $78.75  
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
$3,915 - $24,240  
   
Profit Sharing
$518 - $15,344  
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).
)
$80,422 - $152,296  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 15
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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 sometimes move into a Director of Financial Planning & Analysis role, where the salary is similar. Becoming a Finance Director or a Chief Financial Officer is often the next step for a Senior Finance Manager.

Senior Finance Manager Job Listings

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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, Cost Accounting, Senior Financial Management, and Financial Modeling are correlated to pay that is above average, with boosts between 8 percent and 10 percent. Skills that seem to negatively impact pay include Accounting. Those proficient in Financial Reporting are, more often than not, also skilled in Budget Management and Financial Modeling. Most people who know Financial Analysis also know Financial Modeling 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 is an important factor influencing the compensation of Senior Finance Managers. Salaries for the relatively untried average out to around $89K, but survey participants with five to 10 years of experience earn a significantly higher median of $116K. On average, Senior Finance Managers make $125K following one to two decades on the job. 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 $134K.

Pay Difference by Location


San Jose is home to an above-average pay rate for Senior Finance Managers, 23 percent higher than the national average. Senior Finance Managers will also find cushy salaries in Redmond (+13 percent), San Diego (+8 percent), San Francisco (+8 percent), and Houston (+7 percent). The smallest paychecks in the market, 14 percent south of the national average, can be found in Washington. Employers also pay below the national average in Cincinnati (12 percent lower) and Boston (8 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%

Budgeting
up arrow 2%

Financial Reporting
up arrow 1%

National Average
$121,000

Budget Management
up arrow 1%

Strategic Planning
up arrow 1%

Microsoft Excel
up arrow 3%

Accounting
up arrow 13%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 240 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: 92%
vision benefits Vision: 80% employee benefits None: 4%
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