The average salary for a Financial Manager is $72,893.
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What Do Financial Managers Do?
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.
The financial manager may also be in charge of coming up with realistic financial goals that the company or client should aim for. Even companies that are making…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.
Job Satisfaction for Financial Manager
Popular Employer Salaries for Financial Manager
The top respondents for the job title Financial Manager are from the companies U.S. Air Force (USAF), The Johns Hopkins University Applied Physics Laboratory and Winters Instruments. Reported salaries are highest at The Johns Hopkins University Applied Physics Laboratory where the average pay is $84,000. Winters Instruments pays the lowest at around $70,768.
Financial Manager Job Listings
What Are Popular Skills for Financial Managers?
Skills in Financial Analysis and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Accounting, Budget Management and Financial Reporting.
What is the Pay by Experience Level for Financial Managers?
An entry-level Financial Manager with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $58,967 based on 66 salaries. An early career Financial Manager with 1-4 years of experience earns an average total compensation of $63,853 based on 283 salaries. A mid-career Financial Manager with 5-9 years of experience earns an average total compensation of $77,852 based on 306 salaries. An experienced Financial Manager with 10-19 years of experience earns an average total compensation of $80,625 based on 349 salaries. In their late career (20 years and higher), employees earn an average total compensation of $77,750.
Pay Difference by Location
Employees with Financial Manager in their job title in New York, New York earn an average of 25.7% more than the national average. These job titles also find higher than average salaries in Dallas, Texas (18.7% more) and Washington, District of Columbia (14.6% more). The lowest salaries can be found in Chicago, Illinois (2.4% less).
Years of Experience
This data is based on 1,260 survey responses.