Finance Manager Salary

Finance Managers in the United States pull down an average of $86K per year. Individual bonuses, profit sharing and commission for Finance Managers — as high as $20K, $14K and $96K, respectively — each contribute to the degree of variation within overall compensation, ranging from $46K to $132K. The most influential factor affecting pay for this group is the company, though the particular city and years of experience have a (lesser) impact as well. Men working as Finance Managers who took the survey just slightly outnumber women at 51 percent. A large number enjoy medical while a fair number get dental coverage. Vision coverage is also available to more than half. Job satisfaction for Finance Managers is high.

$47,386 - $122,016
$47K
$88K
$120K
MEDIAN: $87,652
10%
50%
90%

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$12.09 - $41.79
$12
$21
$42
MEDIAN: $21.13
10%
50%
90%

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$0$134K
Salary $47,386 - $122,016
Bonus $1,217 - $19,874
Profit Sharing $0.00 - $14,795
Commission $4,085 - $97,041
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).
)
$46,079 - $134,129
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 4,765
Hourly Data $0$48
Hourly Rate $12.09 - $41.79
Hourly Tips $0.10
Overtime $9.98 - $48.32
Annual Data $0$134K
Bonus $1,217 - $19,874
Commission $4,085 - $97,041
Profit Sharing $0.00 - $14,795
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).
)
$46,079 - $134,129
  • Country: United States
  • Currency: USD
  • Updated: 18 Nov 2017
  • Individuals Reporting: 335

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.

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 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).

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

19%

16%

13%

13%

12%

11%

-3%

-6%

National Average: $91,009

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 Lynchburg:
Pros: It's great. Goal driven structure with rewards for performance.
Cons: When a customer doesn't give you the opportunity to make a presentation.

Finance Manager in Vernon:
Pros: Learning new skills and meeting goes new people.
Cons: The hours are a little long. Would like more consecutive days off.

Finance Manager in Covington:
"Finance Manager."
Pros: Most of my day is spent coaching associates to perform in customer service and developing skill sets.
Cons:

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

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.

Related Job Salaries

Key Stats for Finance Manager

Gender

Female
48 %
Male
52 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 863 votes.
Less than 1 year
2%
1-4 years
20%
5-9 years
33%
10-19 years
34%
20 years or more
12%

Experience Affects Finance Manager Salaries

▲8%

▲5%

National Average
$91,000

▼8%

▼21%

Skills That Affect Finance Manager Salaries

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 863 votes.

Gender

Female
48 %
Male
52 %

Years of Experience

Less than 1 year
2%
1-4 years
20%
5-9 years
33%
10-19 years
34%
20 years or more
12%

Common Health Benefits

medical benefits
Medical: 86%
dental benefits
Dental: 78%
vision benefits
Vision: 68%
no benefits
None: 12%