$88,893
Avg. Salary
$20.87
Avg. Hourly Rate

Average additional compensation for this job:

Bonus

$9,909

Profit Sharing

$3,959

Commission

$30,437

The average pay for a Finance Manager is $20.87 per hour.

The average pay for a Finance Manager is $88,893 per year.

$12
10%
$21
50%
$41
90%
MEDIAN $21
$48k
10%
$89k
50%
$124k
90%
MEDIAN $88,893
$48,219 - $123,621
$48K
$89K
$120K
MEDIAN: $88,893
10%
50%
90%

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$12.34 - $40.58
$12
$21
$41
MEDIAN: $20.87
10%
50%
90%

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$0$136K
Salary $48,219 - $123,621
Bonus $1,955 - $20,380
Profit Sharing $0.00 - $15,000
Commission $4,546 - $98,437
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).
)
$46,906 - $136,998
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 9,211
Hourly Data $0$49
Hourly Rate $12.34 - $40.58
Hourly Tips $0.65
Overtime $1.85 - $49.80
Annual Data $0$136K
Bonus $1,955 - $20,380
Commission $4,546 - $98,437
Profit Sharing $0.00 - $15,000
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).
)
$46,906 - $136,998
  • Country: United States
  • Currency: USD
  • Updated: 21 Oct 2018
  • Individuals Reporting: 585

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 must take ownership of various projects and delegate them to their staff. They follow up with their staff regarding project progress.

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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.

Popular Employer Salaries for Finance Manager


NBC Universal, Inc., General Electric Co (GE), Cisco Systems Inc, Microsoft Corp, and L'Oreal USA are leaders in the field that employ a large number of Finance Managers. Employees of Hewlett-Packard Company can expect to make the most, with the company offering a median salary of $140K; however, pay is widely dispersed from bottom to top, ranging from $77K to $161K. AT&T Inc., Johnson & Johnson, and Cisco Systems Inc are a few other companies that offer generous salaries, with Finance Managers earning around $138K, $130K, or $130K at each firm, respectively.

Also sliding in at the lower end of the scale are Raytheon Co. ($91K), U.S. Bank ($93K), and NBC Universal, Inc. ($98K).

Common Career Paths for Finance Manager


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At the upper end, Finance Managers who move into a VP of Finance role can end up with a hefty increase in pay. The average income for VPs of Finance is a much higher $139K per year. A Finance Director role is the most common promotion for Finance Managers moving up the ladder, and pay for the position tends to be around the $105K mark. Another typical, albeit less common, transition for Finance Managers is a Financial Controller position, where earnings are usually $77K.

Finance Manager Job Listings

Popular Skills for Finance Manager


Survey takers working as Finance Managers report using a large range of professional skills. Most notably, skills in Financial Modeling, Forecasting, Strategic Planning, and Financial Analysis are correlated to pay that is above average, with boosts between 13 percent and 16 percent. Those listing Accounts Receivable as a skill should be prepared for drastically lower pay. Accounts Payable and Compliance also typically command lower compensation. Those educated in Financial Analysis tend to be well versed in Forecasting, Budgeting, and Accounting. The majority of those who know Financial Reporting also know Accounting.

Pay by Experience Level for Finance Manager

Pay by Experience for a Finance Manager has a positive trend. An entry-level Finance Manager with less than 5 years of experience can expect to earn an average total compensation of $72,000 based on 1,443 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Finance Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $95,000 based on 2,092 salaries. An experienced Finance Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $99,000 based on 1,787 salaries. A Finance Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $84,000 based on 549 salaries.

Pay Difference by Location

National Average: $92,938

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

Surpassing the national average by 29 percent, Finance Managers in San Francisco receive some of the highest pay in the country. Finance Managers will also find cushy salaries in Seattle (+21 percent), Atlanta (+18 percent), Houston (+15 percent), and New York (+15 percent). Austin is the lowest-paying area, 5 percent south of the national average.

Finance Manager Reviews

Q: What is it like working as a Finance Manager?

Finance Manager in New York:
Pros: Lots of space. People are easy to work with. Mostly 9-5pm.
Cons: Boring.

Finance Manager in Indianapolis:
"Keep pushing towards Greatness!"
Take it all in and there will be things you don't know. The transition from being a high performing individual contributor to management is a big jump.

Finance Manager in Albuquerque:
"Finance is always changing."

Finance Manager in New York:
Pros: Decent company, with good benefits and great vacation days. Many groups allow telecommuting once a week or as needed.
Cons: There are layoffs once a year or two, as in most large companies.

Finance Manager in Dayton:
"What I Like."
Pros: Managing people and I like the responsibilities of being a manager.
Cons: The hours spent at work and traveling.

Finance Manager in Cleveland:
"Challenges And Creativity."
Find opportunities to improve the business process and devise new ways to do the current/existing work more efficiently/effectively.

Finance Manager in San Francisco:
"Know Your Value, Confidentiality."
You will be exposed to a lot of confidential information. It takes maturity and experience to walk the line of speaking up and staying quite. Being trustworthy is rare but highly valued. Being well read and analytic has helped me be a top performer. Once you have the skills, the hard part is to prove it and be confident. KNOW YOUR VALUE!

Related Job Salaries

Key Stats for Finance Manager

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1607 votes.
Less than 1 year
1%
1-4 years
19%
5-9 years
33%
10-19 years
34%
20 years or more
13%

Experience Affects Finance Manager Salaries

▲6%

▲2%

National Average
$93,000

▼10%

▼22%

Skills That Affect Finance Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 1607 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
1%
1-4 years
19%
5-9 years
33%
10-19 years
34%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 78%
vision benefits
Vision: 68%
no benefits
None: 12%