Training and Development Manager Salary in Sector of Finance and Insurance

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

Average Annual Salary of Training and Development Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$63,720
25th Percentile Wage
$81,950
50th Percentile Wage
$109,650
75th Percentile Wage
$146,410
90th Percentile Wage
$192,120

Table 1 shows the average annual salary for training and development managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) training and development managers is $192,120. The median annual salary (50th percentile) is $109,650. The average annual salary for the bottom 10 percent paid training and development managers is $63,720.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of training and development managers in the industry sector of finance and insurance from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016109,6504.51%8.47%
2015104,7101.30%-
2014103,3504.98%-
201398,200-2.20%-
2012100,360--

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

The average salaries of training and development managers in 15 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 training and development manager occupations is the funds, trusts, and other financial vehicles industry with an annual salary $122,150. The lowest paying industry is the insurance agencies and brokerages industry (annual salary $93,540). For detailed training and development manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Funds, Trusts, and Other Financial Vehicles
$122,150
Other Financial Investment Activities
$117,980
Direct Insurance (except Life, Health, and Medical) Carriers
$116,720
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
$115,010
Other Insurance Related Activities
$114,940
Insurance Carriers
$114,330
Securities and Commodity Contracts Intermediation and Brokerage
$112,210
Insurance Carriers and Related Activities
$112,090
Nondepository Credit Intermediation
$108,810
Agencies, Brokerages, and Other Insurance Related Activities
$104,540
Credit Intermediation and Related Activities
$102,760
Activities Related to Credit Intermediation
$101,010
Depository Credit Intermediation
$100,780
Other Nondepository Credit Intermediation
$100,560
Insurance Agencies and Brokerages
$93,540

Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2016 and published in April 2017 [1].




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Highest paying industries for training and development managers.