$70,974
Avg. Salary
$22.67
Avg. Hourly Rate

Average additional compensation:

$4,917

Bonus

$3,000

Profit Sharing

$1,000

Commission

What am I worth?
How should I pay?

The average pay for a Financial Manager is $22.67 per hour.

The average pay for a Financial Manager is $70,974 per year.

10%
$14.85
10%
$22.67
50%
$33.58
90%
90%
MEDIAN $22.67
10%
$43k
10%
$71k
50%
$117k
90%
90%
MEDIAN $70,974
$42,518 - $117,028
$43K
$71K
$120K
MEDIAN: $70,974
10%
50%
90%

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$14.85 - $33.58
$15
$23
$34
MEDIAN: $22.67
10%
50%
90%

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$0$120K
Salary $42,518 - $117,028
Bonus $414 - $19,546
Profit Sharing $12.00 - $10,365
Commission $1,000
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).
)
$39,223 - $120,108
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 1,216
Hourly Data $0$43
Hourly Rate $14.85 - $33.58
Overtime $15.26 - $43.08
Annual Data $0$120K
Bonus $414 - $19,546
Commission $1,000
Profit Sharing $12.00 - $10,365
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).
)
$39,223 - $120,108
  • Country: United States
  • Currency: USD
  • Updated: 17 Mar 2019
  • Individuals Reporting: 213

Job Description for Financial Manager

A financial manager usually works directly for a company or a consulting firm, although a financial manager can work in all sorts of fields. The financial manager helps the organization become aware of weaknesses and risks regarding its financial situation. The manager then offers suggestions as to how financial goals can be achieved.

Read More...
Financial Manager Tasks
  • Prepare and submit budget and resource reports and statements, with an eye towards compliance.
  • Perform ad hoc, non-routine financial analysis as needed.
  • Manage client accounts and act as the subject matter expert for budgetary decisions.
  • Refine and implement monthly, quarterly, and annual reports for designated groups.

Common Career Paths for Financial Manager


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As Financial Managers transition into upper-level roles such as Director of Financial Planning & Analysis, they may see a strong upturn in salary. Directors of Financial Planning & Analysis earn $126K on average per year. A common career progression for a Financial Manager is to become a Financial Controller or a Chief Financial Officer. Compared to Financial Managers, the first group earns $10K more on average, and the second group earns $56K more.

Financial Manager Job Listings

Popular Skills for Financial Manager


Financial Managers report using a deep pool of skills on the job. Most notably, facility with Forecasting, Senior Financial Management, and Financial Analysis are correlated to pay that is significantly above average, leading to increases of 22 percent, 20 percent, and 15 percent, respectively. Those listing Quickbooks as a skill should be prepared for drastically lower pay. Accounts Receivable and Payroll Administration also typically command lower compensation. It is often found that people who know Accounting are also skilled in Financial Analysis.

Pay by Experience Level for Financial Manager

Pay by Experience for a Financial Manager has a positive trend. An entry-level Financial Manager with less than 5 years of experience can expect to earn an average total compensation of $56,000 based on 250 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Financial Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $68,000 based on 224 salaries. An experienced Financial Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $78,000 based on 265 salaries. A Financial Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $72,000 based on 147 salaries.

Pay Difference by Location

19%

15%

11%

4%

-7%

National Average: $68,274

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

Dallas is home to an above-average pay rate for Financial Managers, 53 percent higher than the national average. Financial Managers can also look forward to large paychecks in cities like Washington (+42 percent), Seattle (+34 percent), Boston (+21 percent), and New York (+18 percent). Financial Managers' salaries are heavily influenced by location — Financial Managers in Louisville bring in salaries that are 26 percent lower than the national average. A couple other locations with smaller-than-average paychecks include Atlanta (5 percent lower) and San Diego (3 percent lower).

Financial Manager Reviews

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

Financial Manager in Livonia:
"Good."
Pros: I live in Livonia, it's nice to be close.
Cons: Nothing.

Financial Manager in Austin:
"Managing Government Finance."
Stay on top of your Budget. Be detailed oriented. Have good written and verbal communication. Know your budgets well. Be prepared to answer questions on the spot. Always be accurate and consistent.

Financial Manager in Cape Town:
"Workload is heavy."
Ensure that you have the right team to support you, consistently look to improve processes.

Financial Manager in Rawlins:
"Great office conditions, work flexibility."
Pros: The people, patients and fellow staff.
Cons: Having to get an additional signature on checks over $500.00 because I have to leave the office.

Financial Manager in Los Angeles:
"Maximising potential."
To understand the value of human capital. Understanding that each person has a unique background, unique culture and unique work ethic and perception of just about anything. The key is provide a platform for employee empowerment which fosters learning and growth. Happy employees lead to happy customers which in turn leads to unlimited profitability potential.

Financial Manager in Kokomo:
"A One Woman Office."
Learn everything you can about finances and budgeting. Be prompt with payroll and stay on top of the Accounts Payable as well as Receivables.

Financial Manager in St Clair:
"Office Conditions."
Pros: My co-workers are the best part of my job. The diversity of work with the various companies certainly helps with burnout and boredom in my position even though every month I do have a routine in the types of work/projects that I must complete. The convenience of being close to home is nice but not necessarily something that would keep me from leaving for a better job.
Cons: There is a different set of rules for each department and my department is the most exploited and least rewarded in the office. Most of the department is underpaid because there is no report to show our "worth" to the company like sales can do. Annual salary increases seem to be based upon favoritism and personal relationships with the supervisor. Every year our department has been burdened with more and more work due to the company's growth and yet has experienced the least amount of wages increases compared to the rest of the office. No opportunities for growth or salary increases within the department and moving to a different department within the company has been next to impossible.

Related Job Salaries

Key Stats for Financial Manager

Gender

Female
62 %
Male
38 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 219 votes.
Less than 1 year
5%
1-4 years
23%
5-9 years
22%
10-19 years
29%
20 years or more
21%

Experience Affects Financial Manager Salaries

▲14%

▲5%

▼0%

National Average
$68,000

▼18%

Skills That Affect Financial Manager Salaries

▲20%



National Average
$68,000


Budget Management
▼4%



▼12%





▼25%


▼28%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 219 votes.

Gender

Female
62 %
Male
38 %

Years of Experience

Less than 1 year
5%
1-4 years
23%
5-9 years
22%
10-19 years
29%
20 years or more
21%

Common Health Benefits

medical benefits
Medical: 80%
dental benefits
Dental: 63%
vision benefits
Vision: 51%
no benefits
None: 19%