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Financial Manager Salary in Sector of Federal, State, and Local Government

The salary statistics of financial managers in the industry sector of federal, state, and local government are shown in Table 1. In Table 2 we compare financial manager salaries in different industries within the federal, state, and local government sector.

Average Annual Salary of Financial Managers

Percentile BracketAverage Annual Salary
10th Percentile Wage
$60,940
25th Percentile Wage
$82,520
50th Percentile Wage
$109,380
75th Percentile Wage
$131,840
90th Percentile Wage
$155,630

Table 1 shows the average annual salary for financial managers in the industry sector of federal, state, and local government. The salaries are shown in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) financial managers is $155,630. The median annual salary (50th percentile) is $109,380. The average annual salary for the bottom 10 percent paid financial managers is $60,940.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial managers in the industry sector of federal, state, and local government from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016109,3802.15%6.61%
2015107,0302.20%-
2014104,6700.89%-
2013103,7401.53%-
2012102,150--

Compare Financial Manager Salary in Different Industries within the Federal, State, and Local Government Sector

The average salaries of financial managers in eight industries in the federal, state, and local government 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 federal executive branch (oes designation) industry with an annual salary $129,710. The lowest paying industry is the state government, excluding schools and hospitals (oes designation) industry (annual salary $92,310). For detailed financial manager salary information in a particular industry, use the links provided below.

Industry Name Median Annual Salary
Federal Executive Branch (OES Designation)
$129,710
Federal government, including USPS
$129,250
Federal, State, and Local Government (OES Designation)
$109,380
Public sector -- Federal, state, and local government, including government owned schools and hospit
$107,650
Local government, including schools and hospitals
$97,500
State government, including schools and hospitals
$96,720
Local Government, excluding schools and hospitals (OES Designation)
$95,820
State Government, excluding schools and hospitals (OES Designation)
$92,310

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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