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Financial Manager Salary Information

The salary statistics of financial managers are shown in Table 1. In the next few tables we compare the average salaries of financial managers within different industry sectors and in the 50 states of the United States. The financial managers annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2014 and published in May 2015 [1].

Table 1. Financial Manager Salary in the United States

Percentile BracketAverage Annual Salary
90th Percentile Wage
No Data
75th Percentile Wage
$159,230
50th Percentile Wage
$115,320
25th Percentile Wage
$83,230
10th Percentile Wage
$62,480

Table 1 shows the average annual salary for financial managers. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $159,230. The median annual salary (50th percentile) is $115,320. The average annual salary for the bottom 10 percent is $62,480. It is noted that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 154% higher than that of the bottom 10 percent.

Table 2. Salary Trend

YearAverage Annual SalaryGrowth (%)
2014 $115,320 2.32%
2013 $112,700 2.70%
2012 $109,740 2.41%
2011 $107,160 3.13%
2010 $103,910 -

Table 2 shows the salary trend for financial managers from 2010 to 2014. We note that from 2010 to 2014 the average salary has increased by 10.98%. We note that in 2013 the average salary increased by 2.70%. We also note that the average annual wage had a moderate growth of 2.41% in 2012 and a relatively large growth of 3.13% in 2011.

Table 3. Average Salary of Financial Managers vs. Related Jobs

Table 4. Financial Manager Salary by Industry Sector

The average salaries of financial managers in 20 major industry sectors are shown in Table 4. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for financial managers occupations is the professional, scientific, and technical services sector with an annual salary $139,380. The lowest paying sector is the accommodation and food services sector (annual salary $90,380).

Industry Sector Median Annual Salary
Professional, Scientific, and Technical Services
$139,380
Information
$136,060
Management of Companies and Enterprises
$133,200
Mining
$127,270
Utilities
$123,650
Real Estate and Rental and Leasing
$119,030
Wholesale Trade
$114,500
Manufacturing
$114,350
Administrative and Support and Waste Management and Remediation Services
$110,370
Finance and Insurance
$110,310
Transportation and Warehousing
$108,160
Retail Trade
$106,350
Federal, State, and Local Government
$104,670
Health Care and Social Assistance
$104,450
Other Services (except Federal, State, and Local Government)
$102,900
Construction
$102,870
Arts, Entertainment, and Recreation
$102,110
Educational Services
$101,760
Agriculture, Forestry, Fishing and Hunting
$96,420
Accommodation and Food Services
$90,380

Table 5. Median Annual Wage of Financial Managers by States

From the above tables we note that not only financial managers salaries vary considerably based on one's education and experience, and the industry sectors, they also change considerably from state to state. In the following table we compare the median salary of financial managers in all 50 states of the United States. We note that the median annual salaries range from $61,930 to $162,210. The highest paying state for financial managers is New York with a median annual salary of $162,210. The lowest paying state is Guam with a median annual salary of $61,930. For more salary information of financial managers profession in a specific state, use the links in the table.

State Name Median Annual Salary
New York
$162,210
New Jersey
$140,300
Delaware
$140,200
District of Columbia
$136,410
Colorado
$131,500
Virginia
$128,830
California
$128,170
Pennsylvania
$126,930
Maryland
$124,460
Rhode Island
$123,450
Connecticut
$123,240
Texas
$120,540
North Carolina
$118,410
South Dakota
$115,910
Nebraska
$115,490
Florida
$114,600
Massachusetts
$114,520
Georgia
$114,510
Minnesota
$113,620
Illinois
$111,420
Alabama
$108,280
Missouri
$107,610
Vermont
$102,990
Washington
$102,890
Ohio
$102,050
Alaska
$101,020
Michigan
$99,330
Wisconsin
$98,290
Arizona
$97,610
Iowa
$96,740
North Dakota
$96,330
New Hampshire
$95,720
South Carolina
$95,570
Utah
$95,480
Oregon
$95,350
Kansas
$95,000
Indiana
$94,090
Arkansas
$93,370
Wyoming
$92,260
Montana
$90,020
New Mexico
$89,830
Nevada
$86,810
Tennessee
$86,810
Oklahoma
$86,450
Hawaii
$84,860
Louisiana
$84,860
Maine
$83,860
Kentucky
$83,430
Idaho
$81,780
Mississippi
$77,230
West Virginia
$73,890
Virgin Islands
$71,760
Puerto Rico
$64,480
Guam
$61,930