The average annual and hourly salaries for financial managers in the state of Texas are shown in Table 1 and Table 2, respectively. The comparison of the salary statistics of financial managers amongst Texas 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 2016 and published in April 2017 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | |
| 25th Percentile Wage | |
| 50th Percentile Wage | |
| 75th Percentile Wage | |
| 90th Percentile Wage | |
Table 1 shows the average annual salary for financial managers in Texas in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $178,850. The median (50th percentile) annual salary is $130,670. The average annual salary for the bottom 10 percent is $74,740.
| Percentile Bracket | Average Hourly Salary |
|---|---|
| 10th Percentile Wage | |
| 25th Percentile Wage | |
| 50th Percentile Wage | |
| 75th Percentile Wage | |
| 90th Percentile Wage | |
Table 2 shows the average hourly salary for financial managers in Texas in 5 percentile scales. The average hourly salary for the 75th percentile wage is $85.99. The median hourly salary is $62.82. The average hourly salary for the bottom 10 percent is $35.93.
The following table and chart show the trend of the median salary of financial managers from 2012 to 2016.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | 130,670 | 1.38% | 16.06% |
| 2015 | 128,870 | 6.46% | - |
| 2014 | 120,540 | 3.47% | - |
| 2013 | 116,360 | 5.73% | - |
| 2012 | 109,690 | - | - |
Table 3 shows the median annual salary of financial managers in some Texas cities and metropolitan areas. We note that the median annual salary of financial managers in state of Texas ranges from $78,720 to $142,910. The highest paying area for financial managers in Texas is Houston-Sugar Land-Baytown with a median annual salary of $142,910. The second highest paying city/area in Texas State is Dallas-Plano-Irving (mean annual salary $136,180). The lowest paying area is Eastern Texas nonmetropolitan area with a median annual salary of $78,720.
