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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
25th Percentile Wage
50th Percentile Wage
75th Percentile Wage
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
4.37% 11.81%
4.10% -
2.42% -
-0.17% -
1.64% -
- -

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
Securities and Commodity Contracts Intermediation and Brokerage
Other Financial Investment Activities
Monetary Authorities-Central Bank
Monetary Authorities-Central Bank
Other Investment Pools and Funds
Securities and Commodity Exchanges
Funds, Trusts, and Other Financial Vehicles
Insurance and Employee Benefit Funds
Insurance Carriers
Insurance Carriers and Related Activities
Direct Health and Medical Insurance Carriers
Direct Insurance (except Life, Health, and Medical) Carriers
Other Insurance Related Activities
Agencies, Brokerages, and Other Insurance Related Activities
Nondepository Credit Intermediation
Insurance Agencies and Brokerages
Other Nondepository Credit Intermediation
Activities Related to Credit Intermediation
Credit Intermediation and Related Activities
Credit Intermediation and Related Activities
Depository Credit Intermediation

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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