The average salary for a Finance Manager in United Kingdom is £38,730.
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Job Description for Finance Manager
Finance managers develop and monitor departmental budgets. They make relevant financial forecasts for their company. They work with other managers and their staff to establish their company’s future budgets. Their department keeps track of ongoing expenses to make sure that they are not over the budget. They ask relevant managers for clarification when their departmental expenses have surpassed the established budget. They are responsible for accurate and timely reporting of various. They m…Read more
Finance Manager Tasks
- Prepare informational analyses on current processes, actual performance versus budget and prior year data.
- Assist Operations team in Monthly Operations Review.
- Identify areas for cost reductions and operational improvements.
- Provide analyses to Operations team.
Job Satisfaction for Finance Manager
Popular Employer Salaries for Finance Manager
The top respondents for the job title Finance Manager are from the companies General Electric (GE) Energy, GlaxoSmithKline and Tesco PLC. Reported salaries are highest at GlaxoSmithKline where the average pay is £61,500. Other companies that offer high salaries for this role include EY (Ernst & Young), earning around £54,915. General Electric (GE) Energy pays the lowest at around £40,000. The National Health Service (NHS) also pays on the lower end of the scale, paying £42,268.
Finance Manager Job Listings
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Popular Skills for Finance Manager
Skills in Financial Analysis and Budget Management are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel, Accounting and Financial Reporting.
Pay by Experience Level for Finance Manager
An entry-level Finance Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of £30,886 based on 38 salaries. An early career Finance Manager with 1-4 years of experience earns an average total compensation of £35,743 based on 584 salaries. A mid-career Finance Manager with 5-9 years of experience earns an average total compensation of £40,969 based on 777 salaries. An experienced Finance Manager with 10-19 years of experience earns an average total compensation of £40,420 based on 795 salaries. In their late career (20 years and higher), employees earn an average total compensation of £37,258.
Pay Difference by Location
Learn more about cost of living by city.
Employees with Finance Manager in their job title in London, England: London earn an average of 26.1% more than the national average. These job titles also find higher than average salaries in Glasgow, Scotland: Glasgow (5.7% more). The lowest salaries can be found in Birmingham, England: West Midlands (6.7% less), Manchester, England: Manchester (4.3% less) and Bristol, England: Bristol (3.1% less).
Years of Experience
This data is based on 2,611 survey responses.
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