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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 2017 and published in April 2018 [1].

Table 1. Financial Manager Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$66,480
25th Percentile Wage
$89,670
50th Percentile Wage
$125,080
75th Percentile Wage
$173,920
90th Percentile Wage
No Data

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 $173,920. The median annual salary (50th percentile) is $125,080. The average annual salary for the bottom 10 percent is $66,480. Take note that in the United States, the annual salary of the 75th percentile (the top 25 percent of the highest paid) is almost 161% higher than that of the bottom 10 percent.

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
$125,080
2.66% 12.26%
2016
$121,750
3.09% -
2015
$117,990
2.26% -
2014
$115,320
2.27% -
2013
$112,700
2.63% -
2012
$109,740
- -

Table 2. Financial Manager Salary by Industry Sector

The average salaries of financial managers in 20 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for financial managers occupations is the information sector with an annual salary $149,380. The lowest paying sector is the accommodation and food services sector (annual salary $100,570).

Industry Sector Median Annual Salary
Information
$149,380
Professional, Scientific, and Technical Services
$147,040
Mining
$143,120
Management of Companies and Enterprises
$141,890
Utilities
$134,940
Real Estate and Rental and Leasing
$126,110
Manufacturing
$124,120
Wholesale Trade
$123,760
Finance and Insurance
$123,250
Administrative and Support and Waste Management and Remediation Services
$117,170
Transportation and Warehousing
$115,470
Other Services (except Federal, State, and Local Government)
$115,330
Agriculture, Forestry, Fishing and Hunting
$114,940
Retail Trade
$113,180
Health Care and Social Assistance
$112,690
Federal, State, and Local Government
$110,660
Educational Services
$108,870
Construction
$108,580
Arts, Entertainment, and Recreation
$108,160
Accommodation and Food Services
$100,570

Table 3. 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 $63,500 to $190,260. The highest paying state for financial managers is New York with a median annual salary of $190,260. The lowest paying state is Guam with a median annual salary of $63,500. 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
$190,260
New Jersey
$156,590
Delaware
$150,150
District of Columbia
$145,630
Colorado
$142,780
Virginia
$141,880
Connecticut
$137,410
Pennsylvania
$136,790
California
$135,460
Maryland
$134,300
Rhode Island
$132,760
Texas
$131,440
North Carolina
$130,100
Georgia
$126,510
Massachusetts
$123,950
Missouri
$121,810
South Dakota
$121,700
Washington
$119,820
Minnesota
$119,740
Florida
$118,730
Alabama
$118,310
Illinois
$117,830
Wisconsin
$116,760
Ohio
$116,080
Michigan
$111,060
Kansas
$110,000
Vermont
$109,780
New Hampshire
$109,720
Oregon
$107,280
South Carolina
$106,810
North Dakota
$105,840
Nevada
$103,760
Indiana
$102,890
Hawaii
$102,860
Nebraska
$100,930
Utah
$100,560
Iowa
$100,040
Kentucky
$99,980
Alaska
$99,800
Maine
$99,490
Arizona
$98,620
Tennessee
$96,050
Wyoming
$95,720
Montana
$95,250
Oklahoma
$92,450
New Mexico
$91,430
Mississippi
$89,760
West Virginia
$88,800
Louisiana
$87,870
Arkansas
$86,870
Idaho
$83,620
Virgin Islands
$76,340
Puerto Rico
$69,830
Guam
$63,500



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