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Financial Manager Salary Information in Maryland

The average annual and hourly salaries for financial managers in the state of Maryland are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial managers among Maryland areas is shown in Table 3. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1 & 2. Annual & Hourly Salary of Financial Managers in Maryland

Percentile BracketAverage Annual Salary
10th Percentile Wage
$75,000
25th Percentile Wage
$98,860
50th Percentile Wage
$130,670
75th Percentile Wage
$166,430
90th Percentile Wage
No Data

Table 1 shows the average annual salary for financial managers in Maryland in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $166,430. The median (50th percentile) annual salary is $130,670. The average annual salary for the bottom 10 percent is $75,000.

Percentile BracketAverage Hourly Salary
10th Percentile Wage
$36.06
25th Percentile Wage
$47.53
50th Percentile Wage
$62.82
75th Percentile Wage
$80.01
90th Percentile Wage
No Data

Table 2 shows the average hourly salary for financial managers in Maryland in 5 percentile scales. The average hourly salary for the 75th percentile wage is $80.01. The median hourly salary is $62.82. The average hourly salary for the bottom 10 percent is $36.06.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of financial managers from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
2016130,6704.76%13.75%
2015124,450-0.01%-
2014124,4605.30%-
2013117,8604.38%-
2012112,700--

Table 3. Median Annual Salary of Financial Managers in Maryland Cities

Table 3 shows the median annual salary of financial managers in some Maryland cities and metropolitan areas. We note that the median annual salary of financial managers in state of Maryland ranges from $95,200 to $134,920. The highest paying area for financial managers in Maryland is Bethesda-Rockville-Frederick with a median annual salary of $134,920. The second highest paying city/area in Maryland State is Baltimore-Towson (mean annual salary $127,560). The lowest paying area is Upper Eastern Shore nonmetropolitan area with a median annual salary of $95,200.

Cities/Areas Median Annual Salary
Bethesda-Rockville-Frederick
$134,920
Baltimore-Towson
$127,560
St Marys County
$127,510
Salisbury
$116,970
Upper Eastern Shore nonmetropolitan area
$95,200


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