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Financial Manager Salary in Sector of Finance and Insurance

The salary statistics of financial managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare financial manager salaries in different industries within the finance and insurance sector.

Average Annual Salary of Financial Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$59,170
25th Percentile Wage
$79,630
50th Percentile Wage
$123,250
75th Percentile Wage
$188,850
90th Percentile Wage
No Data

Table 1 shows the average annual salary for financial managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) financial managers is $188,850. The median annual salary (50th percentile) is $123,250. The average annual salary for the bottom 10 percent paid financial managers is $59,170.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial managers in the industry sector of finance and insurance from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$123,250
4.37% 11.81%
2016
$117,870
4.10% -
2015
$113,040
2.42% -
2014
$110,310
-0.17% -
2013
$110,500
1.64% -
2012
$108,690
- -

Compare Financial Manager Salary in Different Industries within the Finance and Insurance Sector

The average salaries of financial managers in 22 industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for financial manager occupations is the securities, commodity contracts, and other financial investments and related activities industry with an annual salary $189,810. The lowest paying industry is the depository credit intermediation industry (annual salary $89,910). For detailed financial manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$189,810
Securities and Commodity Contracts Intermediation and Brokerage
$189,140
Other Financial Investment Activities
$180,600
Monetary Authorities-Central Bank
$178,610
Monetary Authorities-Central Bank
$178,610
Other Investment Pools and Funds
$154,600
Securities and Commodity Exchanges
$152,300
Funds, Trusts, and Other Financial Vehicles
$147,910
Insurance and Employee Benefit Funds
$138,650
Insurance Carriers
$137,770
Insurance Carriers and Related Activities
$136,040
Direct Health and Medical Insurance Carriers
$133,570
Direct Insurance (except Life, Health, and Medical) Carriers
$133,570
Other Insurance Related Activities
$133,160
Agencies, Brokerages, and Other Insurance Related Activities
$131,550
Nondepository Credit Intermediation
$131,030
Insurance Agencies and Brokerages
$130,350
Other Nondepository Credit Intermediation
$122,790
Activities Related to Credit Intermediation
$114,260
Credit Intermediation and Related Activities
$100,240
Credit Intermediation and Related Activities
$95,460
Depository Credit Intermediation
$89,910

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2017 and published in April 2018 [1].




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