The salary statistics of sales managers in the industry sector of finance and insurance are shown in Table 1. In Table 2 we compare sales manager salaries in different industries within the finance and insurance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $75,690 |
| 25th Percentile Wage | $107,310 |
| 50th Percentile Wage | $156,060 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for sales managers in the industry sector of finance and insurance. The salaries are shown in 5 percentile scales. The median annual salary (50th percentile) is $156,060. The average annual salary of the 25th percentile is $107,310. The average annual salary for the bottom 10 percent paid sales managers is $75,690.
The table and chart below show the trend of the median salary of sales managers in the industry sector of finance and insurance from 2012 to 2019.
| Year | Median Salary | Yearly Growth | 7-Year Growth |
|---|---|---|---|
| 2019 | $156,060 | 1.36% | 15.37% |
| 2018 | $153,940 | 0.88% | - |
| 2017 | $152,590 | 1.02% | - |
| 2016 | $151,030 | 1.75% | - |
| 2015 | $148,390 | 3.50% | - |
| 2014 | $143,190 | 4.60% | - |
| 2013 | $136,610 | 3.32% | - |
| 2012 | $132,070 | - | - |
The average salaries of sales managers in six industries in the finance and insurance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for sales manager occupations is the other financial investment activities industry with an annual salary $186,690. The lowest paying industry is the activities related to credit intermediation industry (annual salary $131,730). For detailed sales manager salary information in a particular industry, use the links provided below.
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2019 and published in April 2020 [1].