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Financial Manager Salary Information in Tennessee

The average annual and hourly salaries for financial managers in the state of Tennessee are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial managers among Tennessee metropolitan 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 Tennessee

Percentile BracketAverage Annual Salary
10th Percentile Wage
$49,500
25th Percentile Wage
$65,720
50th Percentile Wage
$96,050
75th Percentile Wage
$136,330
90th Percentile Wage
$195,550

Table 1 shows the average annual salary for financial managers in Tennessee in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $195,550. The median (50th percentile) annual salary is $96,050. The average annual salary for the bottom 10 percent is $49,500.

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
$96,050
6.00% 10.55%
2016
$90,290
2.23% -
2015
$88,280
1.67% -
2014
$86,810
-0.58% -
2013
$87,310
1.59% -
2012
$85,920
- -

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

Table 3 shows the median annual salary of financial managers in some Tennessee cities and metropolitan areas. We note that the median annual salary of financial managers in state of Tennessee ranges from $59,040 to $99,210. The highest paying area for financial managers in Tennessee is Memphis with a median annual salary of $99,210. The second highest paying city/area in Tennessee State is Nashville-Davidson--Murfreesboro--Franklin (mean annual salary $96,140). The lowest paying area is North Central Tennessee nonmetropolitan area with a median annual salary of $59,040.

Cities/Areas Median Annual Salary
Memphis
$99,210
Nashville-Davidson--Murfreesboro--Franklin
$96,140
Chattanooga
$93,300
Knoxville
$91,640
Johnson City
$90,330
Clarksville
$88,810
Jackson
$83,810
South Central Tennessee nonmetropolitan area
$80,770
Morristown
$72,540
Western Tennessee nonmetropolitan area
$72,340
Cleveland
$70,530
Eastern Tennessee nonmetropolitan area
$69,280
North Central Tennessee nonmetropolitan area
$59,040




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