National » Financial Managers » Minnesota

Financial Manager Salary Information in Minnesota

The average annual and hourly salaries for financial managers in the state of Minnesota are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial managers among Minnesota 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 2017 and published in April 2018 [1].

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

Percentile BracketAverage Annual Salary
10th Percentile Wage
$70,460
25th Percentile Wage
$90,880
50th Percentile Wage
$119,740
75th Percentile Wage
$158,400
90th Percentile Wage
$184,640

Table 1 shows the average annual salary for financial managers in Minnesota in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $184,640. The median (50th percentile) annual salary is $119,740. The average annual salary for the bottom 10 percent is $70,460.

Salary Trend (2012 to 2017)

The table and chart below show the trend of the median salary of financial managers from 2012 to 2017.

YearMedian SalaryYearly Growth5-Year Growth
2017
$119,740
0.79% 11.78%
2016
$118,800
0.82% -
2015
$117,820
3.56% -
2014
$113,620
3.75% -
2013
$109,360
3.40% -
2012
$105,640
- -

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

Table 3 shows the median annual salary of financial managers in some Minnesota cities and metropolitan areas. We note that the median annual salary of financial managers in state of Minnesota ranges from $82,920 to $105,490. The highest paying area for financial managers in Minnesota is Rochester with a median annual salary of $105,490. The second highest paying city/area in Minnesota State is Southeast Minnesota nonmetropolitan area (mean annual salary $103,420). The lowest paying area is Northeast Minnesota nonmetropolitan area with a median annual salary of $82,920.

Cities/Areas Median Annual Salary
Rochester
$105,490
Southeast Minnesota nonmetropolitan area
$103,420
Southwest Minnesota nonmetropolitan area
$101,240
Mankato-North Mankato
$98,910
St Cloud
$94,400
Northwest Minnesota nonmetropolitan area
$85,040
Northeast Minnesota nonmetropolitan area
$82,920




Related:

💰 Highest paying cities for financial managers

💰 Highest paying industries for financial managers.